FBN Securities

FBN Securities initiated its coverage on Splunk (NASDAQ: SPLK) with an Outperform rating and a $45 price target. FBN Securities noted, "SPLK is a fast-growing leader in machine data management, a fast-growing (and emerging) segment. With an attractive business model (volume-based pricing) and a...

FBN Securities initiated coverage on QLIK Technologies (NASDAQ: QLIK) with a Sector Perform rating and a $24 price target. FBN Securities commented, "The company offers a strong data discovery/visualization solution (especially strong in visual drill-down and support) while it still needs to...

FBN Securities initiated coverage on Actuate (NASDAQ: BIRT) with an Outperform rating and a $9 price target. FBN Securities noted, "Investor expectations are much lower than the upside suggested by management. As noted above, Actuate is currently experiencing very strong license growth,...

FBN Securities initiated coverage on Informatica (NASDAQ: INFA) with an Outperform rating and a $45 price target. FBN Securities commented, "he company's ETL/data integration products are an integral part of the Big Data trend, and it has best-of-breed products in this segment. INFA believes that...

In a report published Friday, FBN Securities downgraded its rating on Western Digital Corp. (NASDAQ: WDC) from Outperform to Sector Perform, and reiterated its $45.00 price target. FBN noted, “We are downgrading shares of WDC from Outperform to Sector Perform, but we retain our $45PT due to higher...

FBN Securities initiated coverage on Mellanox Technologies (NASDAQ: MLNX) at Outperform with a $145 price target. FBN Securities commented, "MLNX currently has several positives: Intel (its chief IB competitor with materially lower share in this market) will likely not offer competitive IB...

FBN Securities reduced its rating on OCZ Technology (NASDAQ: OCZ) from Sector Perform to Underperform and lowered its price target from $6 to $4. FBN Securities noted, "We are downgrading shares of OCZ from Sector Perform to Underperform and lowering our PT from $6 to $4 following OCZ'a negative...

In a report published Wednesday, FBN Securities reiterated its Sector Perform rating on Dell (NASDAQ: DELL), but slightly lowered its price target from $14.00 to $13.00. FBN noted, “We retain our Sector Perform rating on DELL and lower our PT from $14 to $13. DELL had a revenue miss/EPS beat,...

FBN Securities raised its rating on Silicon Graphics International (NASDAQ: SGI) from Sector Perform to Outperform and increased its price target from $8 to $11. FBN Securities noted, "The company just reported EPS and GM above consensus for FQ4/June, and it is guiding revenue and EPS better than...

In a report published Friday, FBN Securities initiated coverage on Palo Alto Networks (NYSE: PANW) with an Outperform rating and a $75.00 price target. FBN noted, “PANW offers a compelling next-generation firewall (NGFW) solution as it was first to market with what is considered to be a NGFW (with...

FBN Securities maintained an Outperform rating on Western Digital (NYSE: WDC) and increased its price target from $40 to $45. FBN Securities noted, “We retain our Outperform rating on WDC and raise our PT from $40 to $45. The company nicely beat consensus expectations for the FQ4/June quarter as...

FBN Securities maintained an Overweight rating on EMC Corporation (NYSE: EMC) and lowered its price target from $33 to $30. FBN Securities remarked, “Last night, EMC preannounced in-line revenue but a slight EPS miss for FQ2, and reiterated its prior annual guidance. It also confirmed reports that...

FBN Securities downgrades OCZ Technology (NASDAQ: OCZ) from an Outperform to a Sector Perform rating and lowers its price target from $9 to $6. FBN Securities remarks, “We are downgrading shares of OCZ from Outperform to Sector Perform and lowering our PT from $9 to $6. The company had a revenue...

FBN Securities lowered its Seagate Technologies (NASDAQ: STX) price target from $40 to $30 and retained its company Outperform rating in a research report published today. In the report, FBN Securities stated, "STX finally preannounced negative results for FQ4/June last night (recent data points,...

Listed below are today's Top Downgrades at Benzinga: Deutsche Bank Downgrades Frontline (NYSE: FRO) to Sell: Deutsche Bank said, "Market concerns that FRO would be seriously weakened to the benefit of Frontline 2012 (FRTN.NWTC; NR, NOK24.00) after the December 2011 restructuring of FRO, appear to...