Research

At B. Riley, our research process is an interactive one where we perform extensive due diligence on companies until the analyst develops the knowledge base and understanding of the company and the industry to make a recommendation. Our analysts continuously monitor industry developments and communicate with the management, competitors, suppliers and customers of the companies we follow, regularly communicating our findings through Research Updates and daily Morning Notes.

While we do not necessarily publish research on all of the companies we review, the knowledge base and understanding of many of our monitored companies parallels that of our covered companies. We actively cover over 100 companies and monitor an additional 100. Our analysts cover small to mid-cap companies that are under-followed or misunderstood by Wall Street. We believe that the pricing of small cap equities is frequently inefficient, and therefore provides the greatest potential rewards to diligent security analysis.

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This Week's Research

  • 05/24/13 Update PANW ($52.30, Buy; $68.00 PT): We Expect Evidence of Share Gain, Confident Outlook With F3Q Report; Reiterate Buy, $68.00 Price Target
  • 05/24/13 Update BBY ($26.29, Neutral; $22.00 PT): 1Q Upside Offset BY Still Pressured GMs, Sales Catalysts Still Lacking
  • 05/24/13 Update AFOP ($20.01, Buy; $25.00 PT): Continues to Sizzle as the Company Raises 2Q Outlook; Raising Estimates and PT to $25.00 from $18.80; Reiterate “Buy”
  • 05/24/13 Update AEO ($20.10, Buy; $26.00 PT): Positioning for profitable growth to accelerate in ’14; maintain “Buy”
  • 05/24/13 Update Industry Update - Semiconductors: Incrementally More Confident In Buy-Rated RDA And SNDK
  • 05/24/13 Update SPLS ($15.04, Buy; $18.00 PT): 1Q Results Highlight Improvement With Potential For 2H Acceleration
  • 05/24/13 Update ZUMZ ($32.00, Buy; $36.00 PT): Business has momentum and we expect a solid peak b-t-s; raising PT to $36 from $34; maintain “Buy”
  • 05/24/13 Update MRVL ($12.00, Neutral; $11.50 PT): Better Sales And EPS Lift Tgt To $11.50, But Shares Appear Fairly Valued
  • 05/24/13 Morning Note B. Riley & Co. Morning Notes: AEO, AFOP, EGHT, GME, MRVL, QSII, Semiconductors (CY, MXL, RDA, SNDK, SWKS, SLAB, SPRD, VLTR), SPLS, ZUMZ
  • 05/23/13 Update GME ($35.86, Buy; $45.00 PT): 1Q Beats On Margins, FY13 On Track, PT To $45 On Reduced Uncertainty
  • 05/23/13 Update QSII ($19.16, Buy; $24.00 PT): Q4 Underwhelming but Making the Turn; Reiterate Buy Rating and $24.00 PT
  • 05/23/13 Update EGHT ($7.37, Neutral; $5.33 PT): Subscriber Metrics Track with Projections; Lowering EPS on Higher Sales & Marketing Costs, PT to $5.33 from $5.87…
  • 05/23/13 Update SMTC ($36.33, Buy; $38.00 PT): Better Revenues But Lower Operating Leverage; Retain Buy and $38.00 PT
  • 05/23/13 Update ADI ($46.62, Buy; $54.00 PT): Reports Inline/Lower But Hikes FCF Return To Shareholders; Buy
  • 05/23/13 Morning Note B. Riley & Co. Morning Notes: ADI, SMTC, TWX
  • 05/22/13 Morning Note B. Riley & Co. Morning Notes: BC, HGG, HZO, IPAR
  • 05/22/13 Update IPAR ($30.33, Neutral; $33.00 PT): Highlights of Meeting With Management; Maintain Neutral Rating
  • 05/21/13 Update HGG ($15.61, Neutral; $16.00 PT): 4Q Beats On EPS, Initiative Slowness Leads Us To Downgrade To Neutral
  • 05/21/13 Update HZO ($12.30, Neutral; $13.00 PT): Boat Sales Remain Negative in April, Though Sterndrive/Inboard >30ft. +5%; Reiterate Neutral on Valuation
  • 05/21/13 Update BC ($34.17, Neutral; $38.00 PT): Boat Sales Remain Negative in April; Sterndrives Under Severe Pressure; Expect Better Results in Months to Come,…
  • 05/21/13 Update TIVO ($12.66, Buy; $16.00 PT): Stealth On Expenses Leads To Nice FQ1 EPS Beat; MSO Sub Growth Truly Outstanding
  • 05/20/13 Morning Note B. Riley & Co. Morning Notes: CNK, TIVO
  • 05/20/13 Update SSI ($24.19, Neutral; $28.00 PT): Q1 miss on weather; expect some recovery in Q2, assuming better weather; lowering estimates slightly and price target…
  • 05/20/13 Update RRGB ($49.43, Buy; $58.00 PT): We Expect In-line EPS, Better Revenues and Improved Guidance. Estimates Remain Unchanged but Increasing PT to $58 from…
  • 05/20/13 Morning Note B. Riley & Co. Morning Notes: Consumer Products (AVP, CLX, EL, F-Milan, JNJ, PG, PRGO, RDEN, UN, WMT), EGHT, JOEZ, MSG, RRGB, SPLS, SSI, TIVO, VIAB
  • 05/20/13 Update Industry Update - The Media & Entertainment Decoder