Tech Stock Insights: Fusion-IO Overweight, Avago Tech and Neptune Tech a Buy
On Wednesday, the Nasdaq (NASDAQ:QQQ) held above 2,750 as buyer sentiment continued among investors and traders. Here is a variety of analysis based on the homework of top brokerage firms on Wall Street:
Fusion-IO, Inc. (NYSE:FIO): Piper Jaffray sees no competitive changes at Fusion-IO and recent concerns overdone. The firm expects the company to be just above second quarters consensus estimates, and cited no change for the company’s strategic accounts. Piper Jaffray reiterates an Overweight with a $38 price target.
Avago Technologies Limited (NASDAQ:AVGO): Industrial companies are the bread and butter revenues for both Avago and Linear Technology (NASDAQ:LLTC). Based on strong guidance from Linear Technology guidance, DA Davidson sees a strong corollary for Avago. The firm maintains a Buy.
Neptune Technologies & Bioresou (NASDAQ:NEPT): Roth Capital says third quarter revenue impressive at Neptune Technologies. Neptune reported higher than expected, and Roth Capital expects steady progress for clinical programs at Acasti, a Neptune subsidary. The firm says NEPT undervalued and reiterates a Buy.
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