The Latest Breaking News from Simon Leopold

Nvidia and Arista Networks are competing head-on for the first time as cloud computing giants upgrade data centers for artificial intelligence.

The deal with Amphenol Corp. will enable the indebted tech vendor to pay its bills through next year, but it comes at the cost of one of its most profitable businesses

Shares in Charter Communications tumbled on its plans to hike capital spending while network equipment supplier Harmonic jumped on the news.

Facebook-parent Meta Platforms' spending spree to build the "metaverse" could provide upside for makers of advanced technology products.

Shares of Snowflake Inc. (NYSE: SNOW) soared in after-hours trading on Wednesday, after the Bozeman, Montana-based company reported its quarterly revenues ahead of expectations.

Big tech continued to spend aggressively on cloud computing in the June quarter. But some analysts expect a dramatic slowdown in 2023.

Raymond James analyst Simon Leopold downgraded VMware, Inc (NYSE:VMW) from Outperform to Market Perform. The re-rating reflects the expiry of the "Go Shop" period with no other bidders. He expects Broadcom Inc (NASDAQ:AVGO) deal to win approval but will take about a year to close. Leopold views Broadcom's bid of $61 billion, or $142.50 per share…

Analysts raised their price targets on Pure Storage Inc (NYSE: PSTG) post a solid Q4 beat. Barclays analyst Tim Long raised the firm's price target on Pure Storage to $39 from $35 (47.3% upside) and kept an Overweight rating on the shares. The company beat Q4 estimates and released better than expected guidance for fiscal 2023, Long…

Raymond James analyst Simon Leopold double upgraded Cambium Networks Corp (NASDAQ:CMBM) to Strong Buy from Market Perform with a $35 price target, implying an upside of 57.6%. Leopold believes fundamental demand remains solid, with temporary supply chain constraints depressing near-term results.  He tells investors in a research note that checks indicate that elements of the…