ollo/E+ via Getty Images We maintain a neutral sentiment on Zoom Video Communications, Inc. (NASDAQ:ZM). Investors got excited last quarter when Zoom beat expectations and guided higher for FY on enterprise business strength, but October quarterly results and management’s guidance for its January quarter confirm our negative thesis that weak enterprise spending will likely continue…
mmac72/E+ via Getty Images We are moving NetApp (NASDAQ:NTAP) to a HOLD. The stock is up 78% since our initial BUY rating at the end of 2020, outperforming the S&P 500 by 47%. While we’re seeing signs of enterprise spending normalizing as the optimization spend wraps up in 2023, we see no near-term catalysts driving…
Katrina Wittkamp Investment action Based on my current outlook and analysis of Burlington Stores (NYSE:BURL) 2Q23 earnings, I recommend a hold rating. I expect the stock price to be rangebound in the near term, as I do not see any positive catalysts that will drive the valuation multiple upwards. BURL needs to show the market…