Tech ratings change roundup: SAP, Glu Mobile, Ambarella, Veeco

SAP (SAP +1.1%) has been upgraded to Buy by UBS. The upgrade follows news Bob Calderoni, the head of SAP's cloud services unit and formerly the head of SAP-acquired Ariba, has left the company, along with Ariba's current chief.

Glu Mobile (GLUU +1.7%) has been started at Buy by Roth. Craig-Hallum upgraded shares yesterday.

Ambarella (AMBA -9.1%) has been cut to Hold by Needham.

Veeco (VECO -2.1%) has been cut to Hold by Berenberg a day after rallying sharply.

Guidance Software (GUID +2%) has been upgraded to Buy by Benchmark.

Itron (ITRI -2.6%) has been cut to Hold by Benchmark.

From other sites
Comments (3)
  • tipper 1
    , contributor
    Comments (332) | Send Message
    Foolish call by Needham,.... based solely on the rapid rise over the past three weeks. Nothing goes up forever, let it rest then onward and upward ....until the buyout
    8 Jan 2014, 10:16 AM Reply Like
  • BuyToSell
    , contributor
    Comments (481) | Send Message
    I agree about AMBA. Fundamentals are all still intact.
    8 Jan 2014, 11:16 AM Reply Like
  • Humble Eagles
    , contributor
    Comments (2781) | Send Message
    Huge insider sales on GLUU; be careful. Anybody know what is going on?
    9 Jan 2014, 04:59 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs