12 posts and columns on Cowen

Will HP Steal Sybase From SAP?

in News on May 14, 2010 at 9:05 am PT

Is SAP paying too much for Sybase? Some have argued that $65 per share in cash–56 percent above Sybase’s Tuesday closing price–is a bit dear for a company whose stock hasn’t really topped $50 since the mid-’90s. But SAP likely has a very good reason for offering it: Preempting a rival bid from Hewlett-Packard, which, according to Cowen analyst Peter Goldmacher, can’t afford not to buy Sybase.

Voices

Netflix: More Takeover Chatter; Amazon? Microsoft?

in News on July 14, 2009 at 10:26 am PT

The takeover-rumor driven rally in Netflix shares has continued today, as investors debate the potential for an acquisition of the company by Amazon–or Microsoft.

Voices

Solar: Street Feeling Upbeat After Intersolar Conference

in News on June 1, 2009 at 8:21 am PT

It’s a nice day for the solar sector, which is getting a boost from a flurry of analyst comments following the recently completed Intersolar trade show in Munich. “By the end of Intersolar, we sensed growing, albeit cautious optimism,” Cowen’s Robert Stone writes in a research note this morning.

Voices

Oracle: Is The Street Ignoring The Risks In The Sun Deal?

in News on April 29, 2009 at 10:57 am PT

Oracle shares actually have gained ground since the company announced its plans to acquire Sun Microsystems thanks in part to the company’s promises to make the deal rapidly accretive to earnings. But in their enthusiasm for the deal, investors may be ignoring some significant risks.

Voices

Activision Shares Slide After CEO Kotick Sells Shares

in News on March 13, 2009 at 11:18 am PT

Activision Blizzard shares are down sharply for the second straight day after CEO Bobby Kotick disclosed the sale of a large block of shares. Kotick personally sold one million shares at an average price of $10.1834 a share, and another 242,425 shares held by a trust he controls.

Voices

Solar: Cowen Chops Estimates; Sees Slower Global Growth

in News on January 12, 2009 at 2:32 pm PT

Cowen analyst Robert Stone this morning cut estimates for the solar sector across the board, asserting that Street estimates for at least the first half of 2009 are too high, and there could be further downside if project credit conditions do not improve. Project financing seems to be the issue rather than the cost of individual panels.

Voices

Dell: More Estimate Cuts Ahead of Earnings Thursday

in News on November 18, 2008 at 5:26 pm PT

Numbers aren’t really working out that well for Dell. One of Its rivals scored points today with impressive preliminary results, but–of more significance–there are ominous sounds coming from Intel’s direction regarding the rest of this year and the whole of next year. Cautionary pre-earnings notes took their toll this morning as well, and drove the numbers down.

Voices

Here Come Q3 Earnings; Will the Numbers Matter?

in News on October 13, 2008 at 10:25 am PT

This week brings the first big wave of September quarter earnings reports. But here’s an interesting thought: Will the Street actually care what they show? Cowen chip analyst John Barton, who today cut estimates on most of the companies he covers, contends that both Q3 results and Q4 guidance will be “close to meaningless” for the group. “Negative is obviously expected and anything better than expectations will be categorized under the label of ‘they just haven’t seen it yet,’” he writes.

Voices

Shutterfly: Cowen Sees a Blurry Picture

in News on October 2, 2008 at 11:07 am PT

Shutterfly (SFLY) shares are down sharply today after Cowen’s Jim Friedland started coverage of the online photo services company with a Neutral rating. Friedland writes that he sees 17 percent compounded growth over the next five years, but that he expects the company “to continue to experience lower demand and returns in the near-term.”

Voices

Solar Shares Jump; Senate Adds Solar ITC to Bailout Bill

in News on October 1, 2008 at 6:41 am PT

Solar industry shares are off to a rousing start this morning on news that the Senate plans to add the stalled “tax extender” legislation, which includes an eight-year extension to the solar investment tax credit to the pending bailout bill for the financial sector.

Palm: Cowen Launches Coverage With Outperform Rating

in News, September 2, 2008 at 9:47 am PT

Adobe: Cowen Downgrades on Product Transition Worries

in News, June 5, 2008 at 10:14 am PT