All Reports

We are raising our rating from Equal-Weight to Outperform and establishing a target of $625 on the shares of Dell Technologies (DELL; $492.00) after the company produced another substantial “beat and raise” with its FQ2…

This morning, Vertiv (VRT; $256.67; O/P) announced an agreement to acquire Utility Innovation Group (UIG) for $1.45B in cash at closing before considering potential “earn out” payments of up to $1.15B over the next 12…

We think investors are looking for NetApp (NTAP; $187.02; E/W) to provide, with its FQ2 (July) results and guidance, more meaningful evidence that data center modernization trends can drive a “full throated” upturn in storage…

We think investor optimism is high around the shares of Dell Technologies (DELL; $461.22; E/W) into its FQ2 (July) results and guidance, which are due on Tuesday (9/1 after market). Of course, the main reason…

The shares of Sandisk (SNDK; $1,484.95; O/P) continued their recent market lagging performance today despite some more positive data points for the business last night out of NVIDIA (NVDA; $226.71; NR). From our perspective, the…

We think this morning’s news on and around Uber Technologies’ (UBER; $76.82 O/P) plans to acquire Delivery Hero (DHER.GY; €37.05; NR) represents another positive for investors willing to consider the benefits of this transaction, which…

We believe the recent 25%+ decline in the shares of Benchmark Electronics (BHE; $72.63; O/P), which has occurred over just the past two months, proves overdone in coming months, if only for the ongoing upside…

The shares of the electronics manufacturing services (EMS) companies we follow have had a “tough summer” that has run in the face of robust “beat and raises” and a range of asymmetric business and capital…

The news flow over the past couple of weeks from Uber Technologies (UBER; $78.81; O/P) adds to our belief that the stock can work much better over the next 12 months than it has over…

We are raising our rating from Equal-Weight to Outperform on the shares of Fabrinet (FN; $482.59) after its healthy FQ4 (Jun) “beat and raise” that was quickly dismissed by investors for ongoing weakness in datacom…

Yesterday, TTM Technologies (TTMI; $140.98; O/P) announced a definitive agreement to acquire EPIQ Design Solutions for $1.1B in cash in a transaction that further expands on its technical capabilities for higher margin aerospace & defense…

We reiterate our Outperform and reset our target to $2,200 on the shares of Sandisk (SNDK; $1,641.11) after attending its Investor Day last Thursday (8/13) in New York. The meeting highlighted how CEO David Goeckeler…

We would approach Fabrinet’s (FN; $566.49; E/W) upcoming FQ4 (Jun) results and guidance, scheduled for Monday (8/17 after market), with a reasonable degree of caution since we still see near-term limitations on its growth trajectory….

Our latest look at aggregate inventories up and down the technology supply chain on the heels of CQ2 EPS season highlighted what we still think is a tightening supply chain environment, likely well into 2027E….

We are raising our F2027E (Jun) EPS on WD Corporation (WDC; $443.26; E/W) from $15.70 to $20 (up ~2X from $10.19 in F2026) and initiating F2028E EPS at $30 after the company produced another healthy…