Seeking Alpha

A roundup of tech ratings changes

  • Cree (CREE -18.4%) has been cut to Hold by Needham, and to Underweight by Stephens, after the company posted mixed FQ1 results and provided FQ2 guidance that was largely below consensus.
  • Broadcom (BRCM -8.5%) has been cut to Neutral by Wedbush after providing soft Q4 guidance to go with a Q3 beat, and announcing job cuts.
  • Rackspace (RAX +1.8%) has been upgraded to Outperform by Oppenheimer; Q3 results arrive on Nov. 11.
  • ARM (ARMH -4.3%) has been cut to Neutral by UBS a day after posting Q3 results.
  • AOL (AOL +2.7%) has been started at Buy by BofA/Merrill.
  • SeaChange (SEAC +4.2%) has been started at Strong Buy by BWS Financial.
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