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.

This Week's Research

  • 04/24/17 Morning Note B. Riley AM Note: GSM, IDCC (upgrade), OSIS, PRGX, ROG, SHOO, SIX; Exhibitors (AMC, CNK, IMAX, MCS, RDI, RGC), Semiconductors (INTC, SLAB, SWKS, TXN),…
  • 04/24/17 Update ROG ($85.46, Buy; $105.00 PT): Preview In-Line To Better Print/Outlook, With Strong Growth On Track; PT Is $105.00
  • 04/24/17 Update Industry Update - Semiconductor Week #2 Previews: Framing Expectations For TXN, SLAB, INTC, And SWKS
  • 04/24/17 Update Industry Update - Semi Cap Equipment Week 2 Previews: BRKS, COHU, KLAC, IVAC, And RTEC
  • 04/24/17 Update PRGX ($6.40, Buy; $8.00 PT): Q1 ’17 Earnings Preview; Reiterate Buy Rating and $8.00 Price Target
  • 04/24/17 Update OSIS ($71.64, Buy; $87.00 PT): 3Q17 Preview: Expect Q3 to Show Continued Improvement as OSIS Rebounds From FY16 & Realizes Efficiencies Through Its…
  • 04/24/17 Update SIX ($61.57, Buy; $67.00 PT): Earnings Preview: Expect Q1 ’17 Results In Line With Consensus Or Better
  • 04/24/17 Update MCS ($32.70, Buy; $40.00 PT): Q1 Earnings Preview; See Upside to RILY Estimates on Continued Industry Over-Indexing; Potential 1031 Tax Events and…
  • 04/24/17 Update IDCC ($85.40, Buy; $100.00 PT): Upgrading from Neutral to Buy as Recent Decline in Shares De-Risks the Entry Point with Meaningfully Improved Visibility…
  • 04/24/17 Update SHOO ($37.95, Buy; $45.00 PT): Q1 Sales/EPS Beat; Higher Margin Dollars in Retail Segment; Increasing Mkt Share & Open-to-Buys Being Allocated to…
  • 04/21/17 Update SKX ($26.05, Buy; $32.00 PT): Strong International; Positive U.S Comps; Futures Up/Potential U.S. Q3 Wholesale Inflection; Raising Ests./PT from $28…
  • 04/21/17 Morning Note B. Riley AM Note: AXTI, FL, IMAX, MAT, MXIM, PII, RCKY, SKX (upgrade), SONS, UTEK; Software (TYL, TYPE)
  • 04/21/17 Update MXIM ($45.45, Neutral; $44.00 PT): Beats And Raises With Accounting Help, But GM Progress Seems Clear; PT To $44.0
  • 04/21/17 Update AXTI ($6.40, Neutral; $7.00 PT): Earnings Preview: Expect an In Line Print; Maintain Neutral on 3D Sensing Uncertainty and Optical Softness
  • 04/21/17 Update SONS ($6.80, Neutral; $6.75 PT): Earnings Preview: Expect an In Line Print; Telecom Spending Remains Challenging; Maintain Neutral
  • 04/21/17 Update UTEK ($29.88, Neutral; $30.00 PT): Strong 1Q Results On Robust Advanced Packaging And LSA Demand; PT To $30.00
  • 04/21/17 Update IMAX ($32.10, Buy; $46.00 PT): Q1 EBITDA Exceeds Estimates; Strengthening Demand Drives Install Guide Hike and Backlog Visibility; Expect Q2 Slate…
  • 04/21/17 Update RCKY ($10.90, Neutral; $13.00 PT): 4Q16 EPS Beat on Lower-than-Expected SG&A Expense; Raising Estimates on Better Margin Outlook, But Still Waiting…
  • 04/21/17 Update MAT ($25.21, Buy; $30.50 PT): New CEO Lowers the Bar for 2017, But Aims to Improve Op. Margin from 10% to 15% Over Time
  • 04/21/17 Update Industry Update - Software Earnings Previews For the Week of April 24, 2017 (TYL, TYPE)
  • 04/21/17 Update PII ($81.34, Neutral; $82.00 PT): Semi-Annual Dealer Survey Suggests Disappointing Retail Trends; Recall Headwind Abating, but Reacceleration Not…
  • 04/20/17 Update FL ($75.80, Buy; $79.00 PT): FL Preannounced Weaker-Than-Expected 1Q17 Results and Lowered Its FY17 Guidance; but Stock Up on the News as Trend Has…
  • 04/20/17 Morning Note B. Riley AM Note: AMC, ASML, AVGO, CTG, KEM, KMB, SWKS, TUP
  • 04/20/17 Update ASML ($126.89, Neutral; $122.00 PT): Better 1Q Print But Just An In-Line 2Q Guide, C18 EUV Sales Murky; PT Remains $122.00
  • 04/20/17 Update CTG ($5.67, Buy; $7.00 PT): Q1 ’17 Earnings Preview; Reiterate Buy Rating and $7.00 Price Target
  • 04/19/17 Morning Note B. Riley AM Note: CAMP, IMAX, LRCX, MZOR, PBH, PCTI, PRGO, RCKY, RGC, YHOO; Internet (GOOGL, LLNW), Toys (HAS, JAKK, MAT)
  • 04/19/17 Update YHOO ($47.56, Neutral; $48.00 PT): Reports 1Q17 Beat Driven By Mavens; Taking the “Oath” in June; Maintain Neutral
  • 04/19/17 Update LRCX ($133.00, Buy; $175.00 PT): Strong Execution Pulls In Targeted $12.00 EPS. Catalysts Remain Rich, PT To $175.00; Buy
  • 04/19/17 Update Industry Update - Toy Industry 1Q17 Preview: Profit Declines Expected, Followed by Growth in 2Q17 (HAS, JAKK, MAT)
  • 04/19/17 Update Industry Update - Internet Earnings Preview: Week of April 24, 2017 (GOOGL, LLNW)
  • 04/19/17 Update RCKY ($11.00, Neutral; $12.00 PT): Modeling Substantial Growth in 1Q17/FY17, as Easy Comparisons Provide a Favorable Backdrop; Remain Neutral on Shares…
  • 04/19/17 Update RGC ($22.06, Buy; $28.75 PT): Q1 Preview; Strong Box Office Trends and Margin Expansion to Drive Consensus Upside; Add into Next Week’s Print and…
  • 04/19/17 Update CAMP ($15.90, Buy; $22.00 PT): Strongest MRM Telematics Bookings in Two Years Drive Q4 ’17 Beat and Set CAMP Back on Growth Path in FY ’18; Increasing…
  • 04/19/17 Update MZOR ($31.20, Neutral; $25.00 PT): Increasing Revenue and Earnings Estimates based on Mazor’s 1Q:17 Preliminary Revenue - Maintain Neutral and Increasing…
  • 04/18/17 Update Industry Update - Retail Apparel - Underwhelmed by Key Elements of Peak Spring; Downgrading: AEO (Buy to Neutral; PT from $18 to $15), TLYS (Buy to…
  • 04/18/17 Morning Note B. Riley AM Note: INPX, LRCX, NLST; Boardsports (DECK, NKE, VFC), Retail Apparel (AEO - downgrade, SHOO, SKX, TLYS - downgrade)
  • 04/18/17 Update INPX ($3.30, Buy; $15.00 PT): Reports Mixed Q4 Results; Extracting Integrio Synergies to Improve Operating Efficiency and Bridge the Gap as Indoor…
  • 04/18/17 Update Industry Update - Mitch’s Boardsport Report—March 2017 (DECK, NKE, VFC)