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Trading Radar for 8/15: Sysco (SYY), 500.com (WBAI), Famous Dave's (DAVE), Cinedigm (CIDM) Report

Go back to Trading Radar for 8/15: Sysco (SYY), 500.com (WBAI), Famous Dave's (DAVE), Cinedigm (CIDM) Report

Credit Suisse Raises Price Target on Alarm.com Holdings, Inc. (ALRM) as Hardware Drives 2Q Beat

August 16, 2016 10:17 AM EDT

Credit Suisse reiterated an Outperform rating on Alarm.com Holdings, Inc. (NASDAQ: ALRM), and raised the price target to $35.00 (from $28.00), following the company's 2Q earnings report. ALRM reported results all above estimates, with Hardware revenue driving the company's top line beat.

Analyst Michael Nemeroff commented, "ALRM posted strong Q2 results, in our view, with revenue, adj. EBITDA, and EPS all above expectations. Hardware... More

Needham & Company Raises Price Target on Fabrinet (FN) Following 4Q

August 16, 2016 9:02 AM EDT

Needham & Company reiterated a Buy rating on Fabrinet (NYSE: FN), and raised the price target to $54.00 (from $48.00), following the company's 4Q earnings report. Overall revenues came in at $276MM, up 37%. Guidance calls for $306-310MM, with $22MM from extra week as the September quarter has 14... More

FBR Capital Reiterates Outperform on Evoke Pharma (EVOK) Following 2Q Report

August 16, 2016 8:42 AM EDT

FBR Capital reiterated an Outperform rating and $9.00 price target on Evoke Pharma (NASDAQ: EVOK) following the company's 2Q earnings report. EVOK reported a 2Q16 net loss of $3.0 million, or ($0.41)/ share, versus estimates of a net loss of $3.4 million, or ($0.47)/share.

Analyst Vernon Bernardino commented, "On... More