Latest news with #Daryanani
Business Insider
5 hours ago
- Business
- Business Insider
Evercore ISI Keeps Their Buy Rating on Ciena (CIEN)
In a report released today, Amit Daryanani from Evercore ISI maintained a Buy rating on Ciena (CIEN – Research Report), with a price target of $75.00. The company's shares closed today at $73.05. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Daryanani is a 5-star analyst with an average return of 13.0% and a 60.49% success rate. Daryanani covers the Technology sector, focusing on stocks such as Apple, Hewlett Packard Enterprise, and Amphenol. In addition to Evercore ISI, Ciena also received a Buy from Raymond James's Simon Leopold in a report issued today. However, on June 3, Rosenblatt Securities maintained a Hold rating on Ciena (NYSE: CIEN).
Business Insider
a day ago
- Business
- Business Insider
Top Analyst Amit Daryanani Sets Expectations on Apple Stock Ahead of WWDC 2025
Apple (NASDAQ:AAPL) has frequently ranked among the world's two most valuable companies, but it has now slipped to third place as the tech giant faces pressure from multiple fronts, all of which are dampening investor sentiment. Confident Investing Starts Here: The stock has shed 19% this year, dragged down by concerns over antitrust investigations, tariffs, competition in China, and its positioning in AI. The decline makes Apple the weakest performer among the Mag 7 tech giants and puts it well behind the S&P 500, which has gained 1.5% in 2025. So, with WWDC 2025 (June 9–13) on the horizon, will Apple make a push to close the gap with its big tech peers? Not quite, says Evercore's Amit Daryanani, an analyst ranked in the top 4% of Wall Street stock experts. Daryanani thinks that compared to previous years, which featured bigger announcements like Apple Intelligence in 2024 and Vision Pro in 2023, expectations are 'rightfully tempered.' Daryanani reckons the biggest announcement will likely be Apple making its foundation models available to app developers, enabling them to use on-device AI. Additionally, Apple might reveal new partner options beyond OpenAI for its Apple Intelligence platform, which will be built directly into iOS – with Perplexity and Gemini seen as likely candidates. The company is also planning a more extensive update to its operating systems than usual, along with a new naming convention that adds the year at the end, such as iOS 26. Another key announcement is expected to be a centralized gaming app that will come preinstalled on devices – a strategic move, given that gaming makes up around half of App Store revenue. While there could be a few smaller AI-related updates as well, they likely won't be significant enough to shift the prevailing view that Apple is still trailing behind in the AI space. But that take is not quite on the money, says Daryanani. 'We continue to think this narrative underestimates Apple's strategy, which is to focus on smaller scale on-device models and efficient large scale models while sitting out on the AI capex arms race,' the 5-star analyst opined. Rather than trying to match its peers by pouring tens or even hundreds of billions into AI infrastructure, Apple is sticking with a 'more capital light model.' The plan is to let other model providers do the heavy lifting, then charge them – either through revenue sharing or subscription fees – for access to Apple's iOS user base. Daryanani thinks this strategy gives Apple a way to potentially earn strong returns from AI while avoiding the financial risk of investing billions without a 'clear path to monetization.' 'Net/net,' Daryanani summed up, 'We think WWDC will be more low key this year with no hardware announcements or major overhauls on par with last year's Apple Intelligence. Instead we will see some incremental improvements with more meaningful updates expected in 2026.' All told, Daryanani assigns an Outperform (i.e., Buy) rating to Apple shares, along with a $250 price target that implies a one-year upside of 23%. (To watch Daryanani's track record, click here) 16 other analysts join Daryanani in the AAPL bull camp and with an additional 9 Holds and 4 Sells, the stock claims a Moderate Buy consensus rating. The average price target stands at $228.79, a figure that factors in 12-month returns of ~13%. (See AAPL stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Yahoo
28-05-2025
- Business
- Yahoo
Arista, Cisco Poised to Dominate AI Switch Market
Arista Networks (NYSE:ANET) and Cisco Systems (NASDAQ:CSCO) stand to gain most from the $29 billion AI switch market by 2029, Evercore ISI says. Warning! GuruFocus has detected 2 Warning Sign with ANET. Back-end network switching for AI is set to grow from $6.3 billion in 2024 to $29 billion by 2029, with hyperscalers driving $17.6 billion of that demand. Evercore's Amit Daryanani estimates Arista could add $7 billion in revenue and over $2.00 in EPS by hitting market-share targetsroughly matching its 2024 run ratewhile Cisco could tack on $3.5 billion in revenue and $0.25 in EPS. Ethernet is forecast to capture the lion's share of growth, potentially up to 90%, as AI clusters at Meta (NASDAQ:META), Microsoft (NASDAQ:MSFT), Google (NASDAQ:GOOG) and Amazon (NASDAQ:AMZN) scale out. Daryanani notes that traditional data-center switches won't cut it for AI workloads, and that large enterprises will lean on model-as-a-service rather than build full clusters in-house. He also flags upside for Celestica (NYSE:CLS) and NVIDIA (NASDAQ:NVDA) in supporting components and InfiniBand alternatives. Investors should care because Arista's and Cisco's AI-centric networking strength could drive outsized revenue and profit growth well beyond the broader IT spending cycle. This article first appeared on GuruFocus.
Yahoo
21-05-2025
- Business
- Yahoo
Evercore ISI Upgrades Hewlett Packard Enterprise (HPE) Stock, Increases PT
On May 20, Evercore ISI analyst Amit Daryanani upped Hewlett Packard Enterprise Company (NYSE:HPE)'s stock from 'In Line' to 'Outperform,' increasing the price objective from $17.00 to $22.00. The analyst highlighted a balanced risk/reward profile, which can be particularly attractive to long-term investors. Daryanani's upgrade comes off the back of 4 potential scenarios for the company's stock. Firstly, assuming the successful closure of the Juniper Networks deal, Hewlett Packard Enterprise Company (NYSE:HPE)'s EPS is expected to be supported by cost synergies. The second scenario, which excludes Juniper Networks, sees the company's operating margins being improved, with Hewlett Packard Enterprise Company (NYSE:HPE) posting an EPS that can fuel its stock price. A woman programmer in a modern office working with multiple computer servers. The third scenario, without the Juniper acquisition, assumes the business-as-usual case for the company, which can help the stock remain stable. Finally, the fourth scenario reflects the sum-of-the-parts approach, exhibiting potential value from allocating higher multiples to Hewlett Packard Enterprise Company (NYSE:HPE)'s networking and storage segments, which can lead to a valuation in the $25-$30 range. The analyst opines that the possibility of a last scenario is higher, while the downside risk remains limited to around $15-$16. While we acknowledge the potential of HPE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HPE and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Motorola Solutions Close to $4.5 Billion Deal to Buy Silvus
Motorola Solutions Inc. (NYSE:MSI) is reportedly in advanced discussions to acquire Silvus Technologies, a privately held wireless radio manufacturer, in a deal valued at approximately $4.5 billion, according to sources familiar with the matter. An official announcement could come within the next few weeks, though sources noted that no final agreement has been made and the talks could still fall through. Both Motorola and Silvus's owner, private equity firm TJC (formerly The Jordan Co.), declined to comment. Motorola Solutions Inc. (NYSE:MSI) is an American multinational company that is known for its work in communications, video security, and public safety software. The company has a history of acquisitions, though typically smaller in size. If completed, the Silvus deal would mark Motorola's second-largest acquisition ever, behind only its $9.5 billion purchase of Arris Technology in 1999, according to data by Bloomberg. The data shows Motorola has made about 40 acquisitions over the past decade, with only two exceeding $1 billion. Silvus specializes in developing wireless communication systems used in demanding environments, serving military and law enforcement clients. According to Evercore ISI, the acquisition would help strengthen Motorola's presence in the defense sector. Analyst Amit Daryanani made the following statement in a note to clients: "Strategically, we think acquiring Silvus would further firm up MSI's already dominant position in the [land mobile radio] market. The potential target's Mobile Networked MIMO (MN-MIMO) technologies could enhance MSI's [land mobile radio] portfolio harsh/environment/mission-critical capabilities as well. This could further expand their presence with DoD centric projects, given Silvus's StreamCaster solutions that are used extensively for [unmanned systems]." Daryanani maintained his Outperform rating on MSI with a $500 price target. The stock has surged by over 15% in the past 12 months. While we acknowledge the potential of MSI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MSI and that has 100x upside potential, check out our report about this cheapest AI stock. READ MORE: and Disclosure. None. Sign in to access your portfolio
