Research

Research Reports

 

Published                     Title of Report

 

Jan. 24, 2012                CatQuick: Cypress Semi and Atmel

 

Jan. 23, 2012                Catamount Disty Tracker (Week 3, 2012)

 

Jan. 17, 2012                JDSU FQ2 Preview: Conservative Dec Q guide achievable, outlook unchanged

 

Jan. 16, 2012                Adtran CatQuick: Organic 2012 growth is the key, keeping Buy for now – $36 PT

 

Jan. 16, 2012                CIENA CatQuick: Social networking to provide a new revenue stream

 

Nov. 28, 2011              CIENA FQ4 Preview: We expect Q4 top line upside - Reiterate BUY

 

Nov. 21, 2011              CatQuick: Touch leaders not immune to competition

 

Nov. 21, 2011              LAN-SAN CatQuick: Surprisingly strong Brocade results bode well for Finisar

 

Nov. 10, 2011              Cypress Semi: Growth story intact, macro introduces uncertainty

 

Nov. 7, 2011                 Fabrinet CatQuick: No near term fix for flood disruption – top optical pick remains Finisar

 

Nov. 1, 2011                 CatQuick: The three keys to near term success in the optical business: Location, location, location

 

Oct. 29, 2011               JDSU: Weak guide was prophetic, all eyes on improving outlook and flood

 

Oct. 28, 2011               Optical Component CatQuick: Wild week for optical components - All eyes on floodwaters

 

Oct. 20, 2011               PLD CatQuick: Altera and Lattice Semi

 

Oct. 10, 2011               N.A. capex to improve in Q4 after a sub-seasonal Q3, implications for ADTN and CIEN

 

Oct. 10, 2011               CatQuick: Android OS is taking share as both smart phones and tablets ramp

 

Oct. 6, 2011                  Semiconductor Update: Macro uncertainty may cloud calendar Q4 guidance

 

Oct. 6, 2011                  CatQuick: Conversation w/ IT Infrastructure Group at a major Boston based money mgt firm

 

Sep. 8, 2011                 Adtran: Share gains and new customers to offset 2H N.A. capex sluggishness, Buy – $40 PT

 

Aug. 30, 2011              Finisar Q1 2012 Preview: Optical "flavor of the month" should deliver

 

Aug. 29, 2011              CIENA Q3 Preview: Expectations are low, short interest is high, environment is better than feared

 

Aug. 24, 2011              CatQuick: Avago read through for transceiver peers (FNSR, OPXT, JDSU)

 

Aug. 19, 2011              CatQuick: HP webOS move headline negative for CY, relatively insignificant in broader scheme

 

Jul. 28, 2011                 Atmel Q2 2011 Preview: Strong 2H touch backdrop driven by smart phones, reiterate Buy

 

Jul. 27, 2011                 NetLogic Q2 2011 Preview: Optichron in the back pocket - Keeping Neutral rating for now

 

Jul. 10, 2011                 Emcore CatQuick: Execution is the key

 

Jul. 10, 2011                 Fabrinet CatQuick: Competitive environment heating up

 

Jun. 28, 2011               CatQuick: Altera, Cisco and NetLogic

 

Jun. 27, 2011               Tellabs: 2Q11 Preview: All options on the table – reiterate Trading Buy

 

Jun. 21, 2011               Adtran: Q2 and 2H strength hard to ignore, Reiterate Buy – $40 PT

 

May 26, 2011               CatQuick: Xilinx - Share gains at 40nm and 65nm node to serve as “band-aid”

 

May 24, 2011               Finisar: F4Q11 Preview - Secular trends intact, competition and China keep us on sidelines

 

May 17, 2011               Android CatQuick: Android device forecasts continue upward, touch screen names to follow

 

May 16, 2011               Interop CatQuick: No changes in opinions (Riverbed, Xilinx, Cavium)

 

May 4, 2011                 Atmel CatQuick: Q1 2011 results, maXTouch leads the way

 

May 4, 2011                 JDSU CatQuick: Single sourced components drive upside, 2H competition keeps us on the sidelines

 

May 2, 2011                 NetLogic CatQuick: Weak Q1 2011 as inventory issues linger

 

May 2, 2011                 Fabrinet CatQuick: F3Q11 (Mar) results

 

Apr. 24, 2011              Inphi: Solid L-T positioning, valuation keeps us on the sidelines – maintain Neutral

 

Apr. 24, 2011              NeoPhotonics: Strong 2H backdrop, inv. concerns keep us on sideline for now – Neutral / $10 PT

 

Apr. 19, 2011              NetLogic: Positioning only getting better – Keeping Neutral rating for now

 

Apr. 19, 2011              Riverbed CatQuick: Strong Q1 2011 results, ahead of expectations

 

Apr. 17, 2011              Semis: Drivers intact, uncertainty may cloud guidance - keep Buy on ALTR & Trading Buy on XLNX

 

Apr. 17, 2011              Tellabs: Q1 N.A. capex better than seasonal, bar is low – reiterate Trading Buy

 

Apr. 13, 2011              Adtran: Carrier strength is the latest corroborating data point of strong Q1 carrier spending

 

Apr. 6, 2011                 Cypress Semi: Backdrop remains strong, supply and inventory uncertainties exist

 

Apr. 5, 2011                 JDS Uniphase: Upside to street estimates likely – optical competitive environment to increase

 

Mar. 7, 2011                 CatQuick: XFP tunables to be the buzz at OFC – market share is up for grabs

 

Mar. 1, 2011                 CIENA Preview - Product cycles and share gains in early stages - Reiterate BUY, PT from $20 to $35

 

Feb. 28, 2011              Finisar: F3Q11 Preview - Market share gains and secular growth continue

 

Feb. 14, 2011              Tellabs: Left for dead…but, we feel a pulse – Upgrading to Trading Buy

 

Feb. 8, 2011                 Cisco: Activity levels on the rise, competitive environment is a headwind

 

Jan. 31, 2011                Broadcom: Strong Q4 business trends - best positioned large cap semi co, reiterate Buy

 

Jan. 31, 2011                NetLogic: 1H 2011 upside may be scarce – avoid into the print and downgrading to NEUTRAL

 

Jan. 28, 2011                JDS Uniphase: Catalysts intact – expect upside to street estimates

 

Jan. 26, 2011                Cypress Semi: PSoC / TrueTouch drive the top line, multiple is rich

 

Jan. 23, 2011                Riverbed: Expect customary large beat, “cloud scare” could gate multiple expansion

 

Jan. 23, 2011                Altera: Solid Q4 business trends, investor focus shifts to 28nm, keeping Buy for now

 

Jan. 18, 2011                Semis: Market share discrepancy plays out - maintain Buy on ALTR, XLNX moves to Trading Buy

 

Jan. 18, 2011                Adtran CatQuick: Why it’s not time to sell Adtran at its all time high

 

Jan. 3, 2011                  Adtran: Catalysts to continue into 2011, Reiterate Buy – PT moves to $40

 

Nov. 26, 2010              CatQuick: Semiconductor Update

 

Nov. 23, 2010              CIENA: Buy it now for 2011, reiterate BUY and $20 PT

 

Nov. 3, 2010                 JDS Uniphase: Near term catalysts scarce, low bar guide makes estimates achievable

 

Oct. 25, 2010               NetLogic: 3Q10 Preview - Business not immune to China slowdown, positioning remains stellar

 

Oct. 20, 2010               Cypress Semi: 3Q10 Preview - Solid Q from SRAM and new PSoC wins, reiterate BUY

 

Oct. 20, 2010               Riverbed: Fundamentals remain best in class, valuation could gate upside

 

Sep. 3, 2010                 3Q10 Semiconductor Sector Update

 

Jul. 28, 2010                 ALU: Supply chain points to weaker trends (vs historical norms) within ALU's wireless business

 

Jul. 20, 2010                 PMC-Sierra: Secular drivers remain intact, Reiterate NEUTRAL

 

Jul. 20, 2010                 Cypress Semi: 2Q10 Preview - PSoC remains the story / SRAM outlook is key, reiterate BUY

 

Jul. 15, 2010                 NetLogic: 2Q10 Preview - Positioning remains stellar, but N.A. networking could be a speed bump

 

Jul. 13, 2010                 JDS Uniphase: Mixed bag moves us to the sidelines, PT moves from $15 to $11

 

Jul. 7, 2010                   2Q10 Sector Preview - FPGA trends remain strong, upgrading ALTR and XLNX to TRADING BUY

 

Jun. 29, 2010               Adtran Preview: Catalysts are plentiful, Upgrading to Trading Buy / PT moves from $29 to $32

 

Apr. 27, 2010              NetLogic: 1QF10 Preview - Demand strong across the board - raising estimates / reiterate BUY

 

Apr. 12, 2010              JDS Uniphase: Trends remain strong, VCSEL fab issue not a needle mover

 

Mar. 8, 2010                 CIENA: Upgrading to Buy ($25 PT)

 

Mar. 3, 2010                 Finisar: F3Q10 Preview - Business trends remain strong, Reiterate NEUTRAL rating

 

Mar. 2, 2010                 CIENA: Business trends remain strong, CESD portfolio leading the charge, Maintain NEUTRAL

 

Feb. 2, 2010                 Cisco: Another solid quarter, raising estimates

 

Feb. 2, 2010                 JDS Uniphase: Expect another solid quarter - key customers remain on allocation

 

Feb. 1, 2010                 NetLogic: 4Q09 Preview - Remain on the sidelines due to valuation, despite strong business trends

 

Jan. 31, 2010                Akamai: Strength in commerce and media verticals provide tailwind in the quarter

 

Jan. 27, 2010                Cypress Semi: 4Q09 Preview - SRAM and TrueTouch to drive Q4 upside

 

Jan. 24, 2010                Riverbed: Strong Q4 business trends move estimates above street high

 

Nov. 3, 2009                 CIENA: Bidding war for MEN assets unlikely, deal dissolution would help shares near term

 

Nov. 1, 2009                 JDS Uniphase: Top line planets align, operating leverage is key to share price appreciation

 

Oct. 20, 2009               Riverbed: Business trends remain solid, ests move to street high, maintain Hold rating on valuation

 

Oct. 19, 2009               Cisco: Worth owning despite consensus long status, raising estimates

 

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