Tim Long

Despite an earnings beat from QUALCOMM, Inc. (NASDAQ: QCOM), BMO’s Tim Long prefers to remain on the sidelines as he believes the stock will be range-bound given the legal overhangs. The legal fight with Apple Inc. (NASDAQ: AAPL) took the spotlight on the call and Long sees long-term risk...

BMO Capital believes Ciena Corporation (NYSE: CIEN) should perform well in 2017, driven by demand for optical equipment across an increasingly diverse set of customers. Ciena expects full-year growth in the high-single digits versus industry growth in the mid-single digits. Analyst Tim Long,...

BMO Capital Markets said in a note released Wednesday Hewlett Packard Enterprise Co (NYSE: HPE)'s fourth-quarter results were largely expected, with in-line revenues and strong margin performance. Q4 Top And Bottom Lines Analyst Tim Long is of the view the results were largely neutral, as the...

Tim Long of BMO Capital commented in a report that QUALCOMM, Inc.'s (NASDAQ: QCOM) fourth quarter earnings print was better than expected, but guidance into December was "slightly weaker." Qualcomm earned $1.28 per share in the quarter on revenue of $6.2 billion, which exceeded...

BMO Capital Markets upgraded the shares of Motorola Solutions Inc (NYSE: MSI), citing three key catalysts. The firm believes organic revenue growth, which was evading the company for several years, may finally return by the fourth quarter of 2016. Analyst Tim Long sees double-digit bottom-line...

BMO remains Market Perform rated on Pure Storage Inc (NYSE: PSTG) despite the company's solid quarter, as valuation keeps the brokerage on the sidelines. Pure Storage's second-quarter results topped expectations on revenue and operating margin. Driven by strong demand in flash storage market, the...

HP Inc (NYSE: HPQ) reported better headline results but issued weaker-than-expected guidance on continued printer woes, leading BMO to stick with its Market Perform rating on the stock. For the third quarter, revenue was $11.9 billion, higher than BMO/consensus estimates of $11.3 billion/$11.4...

BMO sees three negative catalysts for QUALCOMM, Inc. (NASDAQ: QCOM) despite dividends and cash flow yields providing some support. Negative Catalysts Following are the brokerage's three upcoming negative catalysts: "We expect a meaningful guide down for the September quarter, mostly in the...

BMO Capital Markets found weak outlook for the PC and Hard Drive industries while attending a conference. The brokerage refreshed its projections for both industries with a more negative model for the current and next year -- in terms of unit level growth levels. The analysts reviewed Seagate...

BMO Capital Markets' Tim Long reiterated Apple Inc. (NASDAQ: AAPL)'s Outperform rating and $117.00 price target. This reiteration came after updating installed base analysis and increased used phone sales into Apple's valuation. Related Link: Nomura Warns iPhone SE Cannibalization Risk Is Growing "...

BMO Capital Markets has downgraded Xtera Communications Inc (NASDAQ: XCOM) to Market Perform from Outperform after the company reported a weak quarter due to balance sheet issues. Disappointing Q2 Xtera's second-quarter revenues, gross margins, operating margins and EPS were lower than expected, as...

Shares of Cisco Systems, Inc. (NASDAQ: CSCO) are nearly flat over the past three months, but are higher by more than 11 percent over the past year. Cisco is scheduled to report its first quarter 2016 (October ending) results after Thursday's market close. Wall Street analysts are mostly mixed...