Maynard Um

Apple Inc. (NASDAQ: AAPL) will report fiscal Q1 earnings after the market close on Tuesday. The Street expects revenue to come in at $67.69 billion with EPS of $2.60. Wells Fargo analyst Maynard Um raised the firm’s estimates above consensus on Monday to $69.1 billion in revenue with EPS...

International Business Machines Corp. (NYSE: IBM) is at least a year away from a turnaround as it dumps legacy businesses and moves into newer growth areas, an analyst said Wednesday. Wells Fargo's Maynard Um maintained a Market Weight rating on IBM and said the company is struggling with...

International Business Machines Corp. (NYSE: IBM) is scheduled to report Q4 earnings after the market close Tuesday. Analysts expect revenue of $24.77 billion and EPS of $5.41. Wells Fargo analyst Maynard Um recently commented that while “IBM is taking the right steps to transform by...

Maynard Um of Wells Fargo on Friday lowered his price target on shares of International Business Machines Corp. (NYSE: IBM) to a range of $155 to $170 from a previous $167 to $177 due to the belief that the company's transition will likely take some time. “IBM is experiencing...

Maynard Um of Wells Fargo on Thursday commented that shares of BlackBerry Ltd (NASDAQ: BBRY) could be valued as much as $13.15 per share if it were to be acquired. Um notes that assuming the majority of the company's intangible assets (patents, licenses and acquired technology) are related...

Maynard Um of Wells Fargo commented in a note on Monday that Hewlett-Packard Company (NYSE: HPQ) has seen the largest share gain within the PC market. Um notes that on a year-over-year basis, IDC and Gartner reported a 2.4 percent decline and a 1.0 percent year-over-year increase on a...

In October 2014, Hewlett-Packard Company (NYSE: HPQ) announced plans to split into two separate publicly traded companies by the end of 2015. Hewlett Packard will divide into HP, which will sell computers, and HP Enterprise, which will sell all software, storage, and cloud services. The...

Maynard Um of Wells Fargo on Thursday revised his fourth quarter estimates for BlackBerry Ltd (NASDAQ: BBRY) following a meeting with the company's management team. “In general, we believe management continues down the right path having refocused the company, renewed its portfolio and...

In a report published Wednesday, Wells Fargo Securities analyst Maynard Um reiterated an Outperform rating on Hewlett-Packard Company (NYSE: HPQ), and raised the valuation range from $39.00-$41.00 to $46.00-$49.00. In the report, Wells Fargo Securities noted, “We are raising our valuation range on...

Maynard Um of Wells Fargo believes that BlackBerry Ltd (NASDAQ: BBRY) may be on its way towards a successful turnaround. "The true test to a turnaround, in our opinion, starts now with the BES 12 release," Um wrote in a note to clients. The analyst adds that BlackBerry has answered all the...

Maynard Um of Wells Fargo analyzed Apple Inc.'s (NASDAQ: AAPL) 10-K filing which may hint of future headwinds for the company. "For the fourth quarter, we note the unusually low warranty accrual relative to cost of claims, which would suggest future gross headwinds," Um wrote in a note to clients...

International Business Machines Corp.'s (NYSE: IBM) long-suffering chip-making operations got the coup de grace Monday when it agreed to pay $1.5 billion to the government of Abu Dhab to take the business of its hands. Summit's Srini Sundararajan called the deal "a non-event"...

In a note released Friday, Wells Fargo analyst Maynard Um described his expectations for International Business Machines Corp. (NYSE: IBM) third-quarter results. Looking to revenue, Um believes there is slight downside to the consensus of $23.4 billion and is predicting $23.2 billion. However,...