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GrubHub: Delivery And Tech Improvements Continue To Be Tailwinds
Friday, July 29, 2016 - 3:01pm | 337Read More...Pacific Crest remains Sector Weight on GrubHub Inc (NYSE: GRUB) shares despite the online restaurant ordering platform reported a "great Q2," driven by strength in its delivery investments and technology enhancements. Revenue and adjusted EBITDA came in at $120.2 million and $37.6 million versus...
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Facebook Looks More Likely To Spend Capex Guidance For The First Time
Thursday, July 28, 2016 - 10:25am | 361Read More...Facebook Inc (NASDAQ: FB) announced strong Q2 results across the board, driven by the growing contribution from Instagram. Pacific Crest’s Evan Wilson maintains a Sector-Weight rating on the company. Solid Q2 The company reported its revenue and EBITDA for Q2 at $6.44 billion and $4.35...
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Activision's 'Overwatch' Profitability Is Underappreciated, Says Pacific Crest
Friday, June 24, 2016 - 8:54am | 282Read More...Following the early success of "Overwatch," after its May 24 launch, Pacific Crest’s Evan Wilson believes the consensus EPS expectations for Activision Blizzard, Inc. (NASDAQ: ATVI) for Q2 are conservative. Wilson maintains an Overweight rating on the company, with a price target of $43....
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Pacific Crest Downgrades LinkedIn, Says Criteo A Likely Takeout Target
Tuesday, June 14, 2016 - 3:58pm | 504Read More...Pacific Crest has downgraded LinkedIn Corp (NYSE: LNKD) to Sector Weight following its agreed sale to Microsoft Corporation (NASDAQ: MSFT). Furthermore, the note said Criteo SA (ADR) (NASDAQ: CRTO) could be a takeover target. Related Link: Microsoft Is Betting On "Socializing The Productivity Suite...
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PacCrest Outlines Gaming Catalysts For Electronic Arts Amid E3 Conference
Tuesday, June 14, 2016 - 10:44am | 620Read More...Pacific Crest’s Evan Wilson mentioned that Electronic Arts Inc. (NASDAQ: EA) kicked off E3 with the EA Play press even that showcased most of its slate for 2016. Wilson mentioned that the company “spent most of its time showing off five franchises: Titanfall 2, Mass Effect Andromeda,...
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Pacific Crest Previews E3: 'Activision Continues To Be Our Best Idea'
Friday, June 3, 2016 - 12:58pm | 363Read More...With this year’s E3 is just weeks away, Pacific Crest analyst Evan Wilson recently took a close look at what investors can expect from the big show and which gaming stocks are best-positioned looking forward. According to Wilson, this year’s E3 will be all about virtual reality,...
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Is Snapchat Seeing More Growth Than Twitter?
Wednesday, June 1, 2016 - 9:17am | 186Read More...Pacific Crest Security's Evan Wilson commented on Snapchat's growth claiming the company was growing faster than Twitter Inc (NYSE: TWTR), but slower than Facebook Inc (NASDAQ: FB). Wilson analyzed key growth metrics for the company: It took Snapchat 18 quarters to reach 110 million...
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Pacific Crest Says 'Difficult To Recommend' GameStop Following Q1 Earnings; Stock Slumps 6%
Friday, May 27, 2016 - 11:41am | 248Read More...GameStop Corp. (NYSE: GME) reported marginally better-than-anticipated F1Q results, although its F2Q guidance was disappointing. Pacific Crest’s Evan Wilson maintains a Sector Weight rating on the company. “For the year, we still think GameStop is overly optimistic as our analysis of...
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Pacific Crest Raises Activision Blizzard Target By $2 Amid 'Overwatch' Strength
Friday, May 27, 2016 - 10:10am | 258Read More...On May 24, Activision Blizzard, Inc. (NASDAQ: ATVI) launched the much-awaited, multiplayer first-person shooter game Overwatch. Pacific Crest’s Evan Wilson maintained an Overweight rating for the company, while raising the price target from $41 to $43. The analyst mentioned that the early...
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Expect A Strong Q1 Out Of Criteo, KeyBanc Says
Tuesday, May 3, 2016 - 12:35pm | 295Read More...KeyBanc expects Criteo SA (ADR) (NASDAQ: CRTO) to report strong first-quarter results and recommends Criteo as its best SMID-cap Internet idea, driven by continued share gains and incremental growth opportunities like MMS, China, email and search. Paris, France-based Criteo, which helps online...
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Twitter's Macro Commentary Is The Real Worry (Especially After Yahoo's Comments)
Wednesday, April 27, 2016 - 1:19pm | 338Read More...The news just keeps getting worse for Twitter Inc (NYSE: TWTR) shareholders after the battered stock crashed another 15 percent on disappointing Q1 earnings. Twitter’s numbers were actually atypical this quarter, with the company reporting better-than-expected monthly active user (MAU)...
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Wilson: We're Still Searching For Sentiment Bottom In Internet Stocks
Monday, April 18, 2016 - 3:16pm | 436Read More...It could be another bumpy earnings season for Internet stocks. According to Pacific Crest analyst Evan Wilson, volatility will remain a key theme in the Internet space until market sentiment finally bottoms out. “We are still searching for a sentiment bottom in Internet, but are getting...
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Twitter's NFL Deal Not A Huge Shock To PacCrest
Wednesday, April 6, 2016 - 2:25pm | 530Read More...On Tuesday, it was announced that Twitter Inc (NYSE: TWTR) had won the rights to live stream the NFL's Thursday Night Football games, beating out the likes of Amazon.com, Inc. (NASDAQ: AMZN), Facebook Inc (NASDAQ: FB), Verizon Communications Inc. (NYSE: VZ) and Yahoo! Inc. (NASDAQ: YHOO). While the...
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Apple's Google Cloud Decision Adds To This Perception
Thursday, March 17, 2016 - 10:15am | 480Read More...Over the past 12 months, Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) has continued to be a strong performer in the Internet of Things space. With news of a forthcoming additional boost from Apple Inc. (NASDAQ: AAPL), a few analysts have begun speculating over the tangible monetary potential this...
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Pacific Crest Raises Angie's List EBITDA Outlook After Meeting With Management
Wednesday, March 9, 2016 - 10:48am | 261Read More...Pacific Crest’s Evan Wilson maintained a Sector Weight rating on Angie's List Inc (NASDAQ: ANGI). Free Tier Introduced Following the company’s investor day, Wilson noted that Angie’s List will now have a “free tier, as we've long hoped for, which should...













