Mark Schappel - Director of Research and Enterprise Software Analyst
Mark Schappel joined Benchmark as an equity research analyst in early 2007, covering mid-cap names in the enterprise software sector. Prior to Benchmark, Mark spent over seven years on Wall Street, principally with KeyBanc Capital Markets, a division of McDonald Investments Inc., where he was a Vice President and equity research analyst. His research focuses primarily on small and mid-cap software names, covering cloud and traditional on-premise vendors in the applications, infrastructure and technical design & engineering software sectors.
Mark's research work builds on his extensive experience delivering IT solutions to meet user requirements. Prior to Wall Street, he spent several years leading large enterprise resource planning (ERP) and supply chain management (SCM) implementations in the chemical industry for a Big Five consulting firm. As a former engineer and plant manager in the chemical industry, Mark was involved with computer aided design (CAD) and engineering software, as well as customer relationship management (CRM), ERP, and SCM applications.
Additionally, Mark is Benchmark’s Director of Research responsible for the firm’s publishing analysts and he serves as Benchmark’s Supervisory Analyst. Mark earned an MBA from the University of Pittsburgh and a Bachelor of Science in chemical engineering from Geneva College.
Universe of Coverage: ANSS, AZPN, BLKB, EGAN, FRSX, LPSN, MANH, MITK, OTEX, PBTS, PEGA, PRGS, RP, SPSC, TYL, VRNS
Mark Miller - Technology & Hardware Analyst
Mark Miller has a combined 43 years experience in technology and investment research. Past tech industry positions include: NASA-Goddard, 3M, Seagate and Control Data as well at firms now part of Western Digital. His 25 years of technical research and management experience included 40 publications and seven patents in the areas of data storage, materials science, and optics. During his tenure at NASA-Goddard, Mark was the senior optical design engineer on the Cosmic Background Explorer (COBE) mission which measured the Big Bang radiation. The COBE mission results were recognized with the 2006 Noble Prize in Physics. His investment research focuses on data storage, lasers, photonics, and semiconductor equipment. His investment research recommendations have received recognition three times in the Wall Street Journal's annual "Best on The Street" survey of sell side analysts and four times by StarMine. In 2006, Mark was ranked #1 by the Wall Street Journal for his recommendations in the computer peripherals space and is ranked #1 by StarMine in 2019 for his recommendations in the Semiconductor and Semiconductor Equipment. Mr. Miller received his bachelor's in physics from Johns Hopkins University and was a graduate instructor at Hopkins. He also holds a M.S. and was a PhD. candidate in physics at the University of Maryland, College Park. Mr. Miller earned a MBA in finance and marketing from the University of Minnesota, Carlson School of Management, where he was elected to membership in the Beta Gamma Sigma national business honorary society. Universe of Coverage: ACMR, ASYS, ACLS, COHR, IIVI, IPGP, IVAC, MKSI, LASR, NANO, NVMI, STX, VECO, WDC
Ruben Roy - Semiconductor & Related Analyst
Ruben Roy joined Benchmark as an equity research analyst in early 2019 covering the semiconductor industry and related technologies. Ruben brings more than 15 years of sell-side experience to the firm, previously serving as a Senior Research Analyst at Piper Jaffray, Mizuho Securities and Pacific Crest Securities. Ruben earned a ‘Best on the Street’ award from the Wall Street Journal in the semiconductor category in 2011 and is a frequent contributor to leading financial media platforms. Prior to Wall Street, Ruben began his career in the semiconductor industry as a design engineer and later as a sales engineer. Ruben holds Bachelor’s and Master’s Degrees in Electrical Engineering from Fairleigh Dickinson University and Manhattan College, respectively, and received his M.B.A from New York University’s Stern School of Business.
Universe of Coverage: AMD, CRUS, INTC, MRVL, MXIM, NVDA, ON, OSS, QRVO, SLAB, SWKS, XLNX
Matthew Harrigan - Media & Entertainment Analyst
Matthew Harrigan joined Benchmark as a equity research analyst in June 2019 where he focuses on the Telecom and Entertainment sectors across a broad range of market caps. His research emphasizes fair TMT stock valuation(s) relative to broader market equity indices and digital trends affecting media companies. Matt is a 25 year Wall Street veteran, formerly working at the Buckingham Research Group, Janco Partners, JP Morgan and Bear Stearns. He has been Institutional Investor ranked for both Boutique Media and Latin American Media and has been recognized on the Wall Street Journal’s ‘Best on the Street’ for stock selection. Matthew graduated with distinction from the Wharton School and magna cum laude from Brown University, where he was a Rhodes Scholarship candidate.
Universe of Coverage: ATUS, CHTR, CMCSA, GLIBA, LBRDA, LBTYA, LILA, LSXMA,SIRI
Daniel Kurnos, CFA - Internet, Publishing & Broadcasting Analyst
Daniel Kurnos, CFA is an analyst on Benchmark's Internet, Media & Communications team, covering Internet merchants, diversified entertainment companies, outdoor advertising vendors, broadcasters and publishers. Prior to joining Benchmark, Dan was an associate equity analyst on Stanford Group Company’s Internet, Media & Communications and Retail research teams. Prior to Stanford Group, Dan was an equity analyst with MSC Financial Advisors, an institutional brokerage catering primarily to international clients. At MSC, he created and developed the research department, where he provided both fundamental and technical analysis. Dan began his career with a $500 million private wealth management team at UBS Financial Services. Dan holds a Bachelor of Arts degree in Economics and a Bachelor of Arts degree in Music from Cornell University, and he is a graduate of The Roxbury Latin School. Daniel Kurnos is a CFA Charterholder. Universe of Coverage: AMZN, BCOR,BKNG,CARG,CARS,EBAY,EXPE,FLWS, GRUB,IAC, INAP, LQDT, NCR, PERI, TZOO, TRUE, WTRH, ZG, CBS, CSSE, GTN, MDP, NXST, SBGI, SSP, TGNA
Michael Hickey, - Entertainment Software & Cannabis Analyst
Mike Hickey covered the TMT space as a research analyst at Janco Partners and National Alliance Securities prior to joining The Benchmark Company in July 2013. Mr. Hickey focuses primarily on Internet, Entertainment Software, Mobile / Social Games, Technology Software, Cinema companies and Special Situations. Mike has expanded his coverage within the Cannibis Space and now has five names under coverage. Mr. Hickey earned his MBA degree in Business Administration and Management from the University of Denver and his undergraduate degree in Finance from Colorado State University. Universe of Coverage: ATVI,AMC,CNK,EA,2432TO,GLUU,GME,IMAX,MCS,NCMI,TTWO,UBI,WWE,ZNGA,WEED,CWBHF,GTBIF,KSHB,TLRY