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Wells Fargo Securities Sees Potential Catalysts on Horizon for EMC
Thursday, April 24, 2014 - 7:54am | 90Read More...In a report published Thursday, Wells Fargo Securities analyst Maynard Um reiterated an Outperform rating on EMC (NYSE: EMC). In the report, Wells Fargo Securities noted, “We believe EMC will benefit from having built a strong portfolio of assets in key areas of future industry growth including...
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Apple Earnings Preview: Will iPhone Sales Disappoint Investors?
Wednesday, April 23, 2014 - 2:53pm | 1301Read More...Apple (NASDAQ: AAPL) will report its second quarter results on Wednesday after market close. Apple is expected to earn $10.13 per share on revenue of $43.55 billion. Apple reported its first quarter results on January 27 when its earnings of $14.50 per share blew past the consensus estimate of $14...
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Wells Fargo Securities Sees Mixed Factors for Apple
Monday, April 21, 2014 - 8:59am | 94Read More...In a report published Monday, Wells Fargo Securities analyst Maynard Um reiterated a Market Perform rating on Apple (NASDAQ: AAPL). In the report, Wells Fargo Securities noted, “We believe the positives of potential near-term ‘s' cycle gross margin improvements and new products are balanced...
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Wells Fargo Securities Expects In-Line Results from International Business Machines
Tuesday, April 15, 2014 - 7:54am | 119Read More...In a report published Tuesday, Wells Fargo Securities analyst Maynard Um reiterated a Market Perform rating on International Business Machines (NYSE: IBM). In the report, Wells Fargo Securities noted, “We view IBM as a fairly defensive stock given its historical track record of meeting and...
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Wells Fargo Breaks Down Apple's 5-Phase Evolution
Friday, April 11, 2014 - 11:10am | 890Read More...In a report published Friday, Wells Fargo Securities analyst Maynard Um described his vision for Apple (NASDAQ: AAPL) and the company's long-term opportunities. Wells Fargo laid out its summary on Apple by first noting the company's product-cyclical story. Um commented, “what complicates the...
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BlackBerry's Earning Preview
Thursday, March 27, 2014 - 5:34pm | 460Read More...BlackBerry Limited (NASDAQ: BBRY) will report fourth quarter 2014 results on Friday, March 28, 2014. BlackBerry's fourth quarter EPS estimate is -$0.56 versus the prior EPS of $0.22. BlackBerry is expected to report 1.13 billion in revenue. Credit Suisse analyst Kulbinder Garcha is looking for...
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Accounting Rules Could Drive Gross Margins for BlackBerry
Tuesday, March 25, 2014 - 10:03am | 138Read More...On Tuesday, Wells Fargo released some neutral comments on BlackBerry (NASDAQ: BBRY). Analyst Maynard Um believes accounting methods will “drive gross margins up (combined with lower hardware mix).” Accounting rules “will allow recognition of the perpetual license upfront (vs amortized over a year...
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Canada Real Estate Sale Will Allow BlackBerry to Focus on Core Fundamentals, Wells Fargo Says
Friday, March 21, 2014 - 1:40pm | 162Read More...Following an announcement that Blackberry (NASDAQ: BBRY) will sell the majority of its real estate holdings in Canada, Wells Fargo released some comments on the news. Analyst Maynard Um calculated that the proceeds from the sale will be in the $600-700 million range “based on then-current real...
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Wells Fargo Securities Sees Cost Actions as Reflecting Demand Pressures for NetApp
Thursday, March 13, 2014 - 8:07am | 233Read More...In a report published Thursday, Wells Fargo Securities analyst Maynard Um reiterated a Market Perform rating on NetApp (NASDAQ: NTAP). In the report, Wells Fargo Securities noted, “NetApp announced its plans to realign its workforce, which would result in a global headcount reduction of...
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Apple's iCar Has Arrived & It Sounds Cool
Monday, March 3, 2014 - 5:32pm | 571Read More...Apple has revealed in the past that it plans to enter the auto “infotainment” space and dubbed its efforts as “iOS in the car” at the company's Worldwide Developers Conference on June 10, 2013. On Monday, Apple (NASDAQ: AAPL) premiered its new CarPlay feature at the...
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Wells Fargo Securities Advises Caution on BlackBerry Following News of Facebook/WhatsApp Deal
Thursday, February 20, 2014 - 8:48am | 81Read More...In a report published Thursday, Wells Fargo Securities analyst Maynard Um reiterated a Market Perform rating on BlackBerry (NASDAQ: BBRY). In the report, Wells Fargo Securities noted, “With a potential sale of the company less likely in the near-term, we believe BBRY will likely look at other...
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Wells Fargo Securities Sees Potential EPS Upside for Hewlett-Packard
Wednesday, February 19, 2014 - 8:40am | 160Read More...In a report published Wednesday, Wells Fargo Securities analyst Maynard Um reiterated an Outperform rating on Hewlett-Packard (NYSE: HPQ). In the report, Wells Fargo Securities noted, “We think the story for FQ1 will be margins while the rev softness should be generally expected. We expect upside...
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Wells Fargo Securities Feels Confident About BlackBerry's Plans Following Meeting with CFO
Wednesday, February 12, 2014 - 11:19am | 270Read More...In a report published Wednesday, Wells Fargo Securities analyst Maynard Um reiterated a Market Perform rating on BlackBerry (NASDAQ: BBRY). In the report, Wells Fargo Securities noted, “We recently met with BBRY CFO, James Yersh, and came away with the sense that it has a clear strategic direction...
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Wells Fargo Maintains on IBM, Valuation Range of $175.00-185.00
Wednesday, January 22, 2014 - 11:08am | 275Read More...In a report published Wednesday, Wells Fargo analyst Maynard Um maintained Market Perform on International Business Machines (NYSE: IBM), with a valuation range of $175.00-185.00. According to the report, Q4 revenues of $27.7B were below analyst's $28.5B estimate with shortfall in all business...
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Analysts Mainly Bullish On Intel Following Results
Friday, January 17, 2014 - 1:33pm | 658Read More...Intel (NASDAQ: INTC) reported fourth quarter and full year results after the closing bell on Thursday. Summary of Fourth Quarter Results: Revenue beat estimates of $13.72 billion at $14.02 billion, up 8 percent y/y. Intel reported EPS of $0.51 versus the estimated $0.52 PC Client Group...




