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January 17, 2014
08:54 EDTCVLT, FIO, BLOX, EMC, ARUNStorage, networking sector could rebound in 2014, says Pacific Crest
Pacific Crest believes that a recovery in storage trends, along with new products, could enable storage/networking stocks to rebound in 2014. The firm identifies EMC (EMC) as its top large cap idea in the sector, and identifies Aruba Networks (ARUN), Infoblox (BLOX), and CommVault (CVLT), as its highest conviction mid-caps in the sector. It calls Fusion-io a high-risk, high-reward small-cap name that may double this year. The firm keeps Outperform ratings on all the stocks named.
News For ARUN;BLOX;CVLT;EMC;FIO From The Last 14 Days
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June 29, 2015
10:02 EDTEMCHP deal for EMC 'more than a distinct possibility,' says Raymond James
Noting that shares of both HP (HPQ) and EMC (EMC) have been stagnant, Raymond James analyst Brian Alexander repeated that he believes shareholders of both would earn substantial returns from a deal between the two and that he thinks an HP acquisition of EMC is "more than a distinct possibility." Alexander previously said in a note to investors on June 4 that he believed HP will ultimately buy EMC, including VMware (VMW). Assuming EMC is acquired for $32-$34 at various combinations of debt/stock, accretion for HP ranges from 39%-52%, Alexander calculates. Raymond James has a Market Perform rating on HP, a Strong Buy rating on EMC and an Outperform rating on VMware.
June 22, 2015
08:39 EDTCVLTCommVault growth, margins appear to be bottoming, says Pacific Crest
Pacific Crest believes that CommVault's stock could be re-rated this fall, based on the company's new product cycle and easy comparisons. The firm keeps a $54 price target and Overweight rating on the shares.

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