D.A. Davidson

D.A. Davidson expects about 40 percent sales growth from Splunk Inc (NASDAQ: SPLK) when it reports its second-quarter numbers on August 25. The brokerage expects second-quarter revenue to grow 37.9 percent year-over-year to $204.6 million, compared to consensus of $200.5 million and guidance of $...

D.A. Davidson, which reaffirmed its Buy rating and $99 price target on Workday Inc (NYSE: WDAY), revealed three reasons why the company's business might be re-accelerating. Justification For 'Re-Acceleration' Claim 1. Workday has earlier stated that it faces an estimated 5 percent headwind to FY17...

Mentor Graphics Corp (NASDAQ: MENT) reported robust FQ2 results, with the revenue and EPS ahead of expectations. However, D.A. Davidson’s Thomas Diffely downgraded the rating on the company from Buy to Neutral, with a price target of $24. FQ2 Beat Mentor Graphics reported FQ2 revenue of $254...

D.A. Davidson downgraded Performance Sports Group Ltd (NYSE: PSG) to Neutral from Buy following the uncertainty created by the company's delayed filing of its financials. Performance Sports said it has delayed the filing of its 10-K, including financial statements, for the year ended May 31, 2016,...

Mentor Graphics Corp (NASDAQ: MENT) is set to report its second-quarter results on August 18, after the market close, and D.A. Davidson projects an in-line result from the supplier of electronic design automation tools. The brokerage expects the company to post revenue of $245 million and pro-forma...

D.A. Davidson said KBR, Inc. (NYSE: KBR)'s planned $300 million purchase of HTSI, a division of Honeywell International Inc. (NYSE: HON), would extend its breadth of long-term contracted government services. "With the acquisition of HTSI, the recent purchase of Wyle, KBR's legacy Government support...

D.A. Davidson expects NetApp Inc. (NASDAQ: NTAP)'s earnings and revenues below consensus, as the company reports its first-quarter results on August 17. However, the brokerage maintains its Buy rating on the stock, saying NetApp offers an attractive value investment opportunity. Expectations And...

Ahead of the August 18 results, D.A. Davidson expects Applied Materials, Inc. (NASDAQ: AMAT) to report strong figures for the third quarter. The brokerage also boosted its price objective from $28.00 to $32.00 while maintaining a Buy rating on the stock. In the last two quarters, the company's...

D.A. Davidson downgraded Barracuda Networks Inc (NYSE: CUDA) to Underperform from Neutral with a 12-month price target of $19.50 (up from $17), given the 42 percent upside in shares since reporting first quarter earnings. The brokerage said the company's organic growth rate is clearly...

D.A. Davidson is moving to the sidelines on big data play Tableau Software Inc (NYSE: DATA). The firm has downgraded the stock from Buy to Neutral and lowered its price target by 42 percent. According to analyst Jack Andrews, Tableau’s business is simply too complex at the moment to allow for...

D.A. Davidson downgraded PennantPark Investment Corp. (NASDAQ: PNNT) to Neutral from Buy to reflect recent outperformance of shares, which, according to the analysts, gives a more balanced risk/reward given remaining oil and gas exposures. "PNNT's year-to-date total return (including dividends) of...

Potlatch Corporation (NASDAQ: PCH) reported its 2Q16 results, with the adjusted EPS ahead of the estimate. D.A. Davidson’s Steven Chercover downgraded the rating on the company from Buy to Hold, with a price target of $40. 2Q Results Apart from the EPS beat, Potlatch reported GAAP net loss of...

D.A. Davidson analyst Kevin Reevey just initiated coverage on four U.S. regional banks, and he apparently has a very mixed outlook for the space. Here’s a summary of what he had to say. First Merchants Corporation (NASDAQ: FRME): Buy, $29 Price Target Reevey sees the bank holding a “...