Box (BOX) was a hot IPO, maybe too hot, say analysts who initiated coverage of the cloud storage firm with neutral ratings while praising its potential. Several investment banks have initiated coverage of the company, more than three weeks since Box stock jumped 66% in its Jan. 23 debut, and have generally given the company neutral or equivalent ratings. Box is a high-growth company that has the potential to take on rivals Google (GOOGL),
More consolidation may be on the way among data center operators in the wake of U.K.-based Telecity Group’s takeover of Interxion Holding (INXN) in a $2.2 billion deal. Data center operators such as Equinix (EQIX) provide space, power and cooling. Customers pack the centers with their own computer servers and other gear. Cloud computing has increased demand for data center space. Apple (AAPL) and Internet companies including Google (GOOGL) and
Apple (AAPL) iPhone sales are likely to remain strong this year as customers upgrade to bigger-screen iPhone 6 series handsets, Canaccord Genuity analyst Michael Walkley said Monday. Apple last month reported a monster December quarter for iPhone sales, selling 74.5 million units, up 46% year over year and crushing expectations for 68 million units. Walkley says the iPhone sales momentum will continue this year. “A strong iPhone 6 upgrade cycle should continue through calendar 2015, driven by two primary reasons,” Walkley said in a research report. Those two reasons are iPhone users upgrading to the latest handsets and Google (GOOGL) Android smartphone users switching to iPhones. “First, given our estimate only 15% of the iPhone installed base has upgraded to the iPhone 6 devices, we anticipate continued very strong replacement sales to existing iPhone consumers,” he said. “Second, we anticipate further high-end smartphone market share gains for…