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Tech ratings changes: Himax, ReneSola, Palo Alto, Alliance Fiber

  • Himax (HIMX -8.6%) has received a two-notch downgrade to Underperform from BofA/Merrill. The firm is worried about tough competition in multiple markets, and thinks margin expansion will be difficult without a major ramp in LCoS microdisplay volumes.
  • ReneSola (SOL +2.1%) has been upgraded to Buy by Roth. Shares followed momentum plays lower yesterday in spite of a strong Q4 beat and guidance for 2014 module shipments of 2.3GW-2.5GW (up from 2013's 1.73GW).
  • Palo Alto Networks (PANW +2.9%) has been upgraded to Outperform by FBR a day after announcing it's buying endpoint security startup Cyvera for $200M. FBR praised the deal, while arguing more security M&A could be on tap.
  • Alliance Fiber (AFOP +6%) has been started at Buy by Needham.
  • Varonis Systems (VRNS +4.9%) has received four bullish ratings and no neutral/bearish ones on underwriter coverage day. Shares are still down sharply from their post-IPO high of $56.80, but remain well above their $22 IPO price.
Comments (6)
  • BAHAMAS1
    , contributor
    Comments (1785) | Send Message
     
    Bad assumptive call on HIMX as THEY ARE the leaders in this rapidly growing field.

     

    It always amazes me how 1 analyst call can make the lemmings jump off the cliff. While they're jumping BofA/Merrill are buying HIMX.

     

    Buying opportunity for ALL created here !
    25 Mar, 10:07 AM Reply Like
  • Yesterdays_news
    , contributor
    Comments (1127) | Send Message
     
    They are makers of a product that will have lemon sales.(Google Nerd Glasses).

     

    Maybe that is why Google stock is also going down daily.

     

    Sell both while you can! GTAT is a way better play. They will ride the next huge Apple release.
    25 Mar, 12:18 PM Reply Like
  • Richard Waldren
    , contributor
    Comments (221) | Send Message
     
    BAHAMAS1, I learned along time ago that these wall street firms will sometimes down grade stocks to get their price lower and they be the only one to do it. Its hard to know when to believe what they say.
    25 Mar, 10:18 AM Reply Like
  • ekin09
    , contributor
    Comments (99) | Send Message
     
    Downgrade $HIMX on the pending release of Google Glass and a plethora of other wearable devices? Sound logic.
    25 Mar, 10:22 AM Reply Like
  • BAHAMAS1
    , contributor
    Comments (1785) | Send Message
     
    Agree.
    After 45+ years of investing these "calls" are for the analyst's company to position themselves Long.

     

    Credit Suisse just days ago on 3/12/14 started new coverage of HIMX with an Outperform Rating and a $19 Price Target.

     

    As I said... Buying opportunity for ALL !
    25 Mar, 10:34 AM Reply Like
  • Randal James
    , contributor
    Comments (2311) | Send Message
     
    should be a (small) flurry of counter-opinions in the next few days. I'm hoping for something spirited, much like John McEnroe's defense:

     

    http://bit.ly/1fY4MTi
    25 Mar, 12:35 PM Reply Like
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