Seeking Alpha

Tech ratings change roundup: 3D Systems, Seagate, SolarCity, SanDisk

  • 3D Systems (DDD -3%) has been cut to Neutral by Credit Suisse.
  • Seagate (STX +2.1%) has been upgraded to Overweight by Morgan Stanley, and rival Western Digital (WDC +0.5%) has been upgraded to Outperform by BMO. Wesern reports tomorrow, and Seagate on Jan. 27.
  • SolarCity (SCTY -3.3%) has been cut to Neutral by JPMorgan. Deutsche started shares at Buy last week.
  • SanDisk (SNDK -2.3%) has been cut to Neutral by BofA/Merrill. Q4 results arrive tomorrow.
  • NetApp (NTAP +2.2%) has been upgraded to Buy by Lake Street Capital.
  • InvenSense (INVN -2.8%) has been cut to Hold by Needham.
  • FireEye (FEYE -3.7%) has been cut to Neutral by JPMorgan following a huge run-up in the wake of the Mandiant deal and the company's guidance hike.
  • Altera (ALTR +2.8%) has been upgraded to Overweight by JPMorgan ahead of Wednesday's Q4 report.
  • Tibco (TIBX -2.4%) has been cut to Neutral by Wedbush. Shares rallied last week on a report suggesting Dan Loeb is set to make an activist push.
  • NetSuite (N +1.1%) has been upgraded to Buy by Maxim.
  • Violin Memory (VMEM -3.7%) has been cut to Underweight by Barclays.
  • Motorola Solutions (MSI +1.8%) has been upgraded to Buy by Citi.
  • LG Display (LPL +3.2%) has been upgraded to Buy by BofA/Merrill.
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Comments (3)
  • 3D Printing Investor
    , contributor
    Comments (516) | Send Message
     
    No surprise DDD downgraded. The known 3D printing stocks have multiples that are not sustainable given their earnings history and projections.

     

    The best investments in 3D printing will be in lesser-known companies entering the space with the right technology, business model, and industry connections.

     

    This one (CIMT) has a trailing PE of 22 and 67% eps growth in the mrq:
    More at: http://bit.ly/1a6FZhj
    21 Jan 2014, 10:00 AM Reply Like
  • Esekla
    , contributor
    Comments (3746) | Send Message
     
    CS completely reshuffled their ratings for the sector. It's actually a change of analyst. Commentary here:

     

    http://seekingalpha.co...

     

    The Needham downgrade of INVN is a little more significant (which is to say, still not very) as they have been long-time bulls. I was weeks ahead of them, though, and commented on the news before market open:

     

    http://seekingalpha.co...
    21 Jan 2014, 10:08 AM Reply Like
  • hneumann
    , contributor
    Comments (632) | Send Message
     
    Remarkable (again) that all the mentioned stocks follow the direction of the analysts. Investing (trading) seems easy this way.
    21 Jan 2014, 09:09 PM Reply Like
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