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Sell-Side Trims Seagate Price Targets After Data Company Issues Weak Guidance
Tuesday, February 5, 2019 - 11:52am | 714Read More...Seagate Technology PLC (NASDAQ: STX) were declining Tuesday after the storage device manufacturer issued a bleak sales forecast for the March quarter. The Analysts Morgan Stanley analyst Katy Huberty maintained an Overweight rating on Seagate and reduced the price target from $60...
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Wall Street Reacts To Apple's Q1 Earnings, Guidance
Wednesday, January 30, 2019 - 11:41am | 1195Read More...Many Apple Inc. (NASDAQ: AAPL) investors are breathing a sigh of relief after the company's fiscal first-quarter results came in slightly better than expected and the stock initially jumped higher by more than 5 percent. Here is a summary of how some of the Street's top analysts reacted to...
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Apple Q1 Earnings Preview: Investors Brace For Update On Turbulent Quarter Marred By iPhone Weakness
Monday, January 28, 2019 - 1:14pm | 1073Read More...Apple Inc. (NASDAQ: AAPL) is going through a tough phase given the issues surrounding its flagship product, the iPhone. From an intraday high of $233.47 hit Oct. 2, Apple stock ended the calendar fourth quarter at $157.74, a drop of about 33 percent. Given the muted offtake of its latest...
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Analysts See Western Digital Nearing A Bottom After Disappointing Q2 Results, Guidance
Friday, January 25, 2019 - 11:24am | 708Read More...Storage device manufacturer Western Digital Corp (NASDAQ: WDC) reported Thursday after the market close with second-quarter results that trailed expectations and issued below-consensus Q3 guidance. The Analysts Baird analyst Tristan Gerra maintained an Outperform rating on Western Digital...
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Analysts Debate IBM: One-Time Fluke Or Sustainable Recovery?
Wednesday, January 23, 2019 - 12:46pm | 567Read More...Tech giant IBM (NYSE: IBM) reported a fourth-quarter earnings beat and encouraging guidance for the full year 2019. With the stock still down 25 percent from a year ago, the Street isn't fully convinced "Big Blue" is at the beginning of a sustainable long-term turnaround. The...
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'Jaw-Dropping': Wall Street Reacts To Apple's Guidance Cut, China Business
Thursday, January 3, 2019 - 12:46pm | 1097Read More...Apple Inc. (NASDAQ: AAPL) cautioned investors Wednesday that its holiday quarter revenue is likely to come in "lower than anticipated." Here's how Street analysts are reacting to the guidance cut. The Analyst Wedbush's Dan Ives maintains an Outperform rating...
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Bank Of America: Apple Could Spearhead Domestic Production Push
Monday, December 17, 2018 - 5:06pm | 432Read More...Assuming Sino-American relations continue to deteriorate, the need for American companies to control more of their supply chain could become increasingly important. Is this the start of a GAMA — Get America Manufacturing Again — trend for companies like Apple Inc. (NASDAQ: AAPL)? Bank...
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BofA: App Store Litigation Could Impact Apple's 30% Developer Commission
Tuesday, November 27, 2018 - 2:01pm | 478Read More...Apple Inc. (NASDAQ: AAPL) is defending a lawsuit dealing with the Apple Store consumers' ability to sue the company. A Supreme Court decision in the case could affect Apple's share price, according to Bank of America Merrill Lynch. The Analyst Analyst Wamsi Mohan maintained a...
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Bank Of America: Apple Installed Base Holds 'Large Room' For Upside
Tuesday, November 20, 2018 - 1:38pm | 432Read More...Following the release of new Apple Inc. (NASDAQ: AAPL) products, Bank of America Merrill Lynch tackled the apparent discrepancy between growth in the iPhone installed base versus Apple's unit growth. The Analyst Analyst Wamsi Mohan maintained a Neutral rating on Apple with a $220 price...
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A Bullish Sell-Side Reacts To Pure Storage's Q3
Tuesday, November 20, 2018 - 12:57pm | 662Read More...Flash storage company Pure Storage Inc (NYSE: PSTG) reported third-quarter results Monday and announced a new suite of cloud offerings. Here's how the Street reacted to the print. The Analysts Bank of America Merrill Lynch's Wamsi Mohan maintains a Buy rating on Pure Storage...
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NetApp Reports Largely Positive Q2: The Sell-Side Reacts
Thursday, November 15, 2018 - 2:39pm | 583Read More...NetApp Inc. (NASDAQ: NTAP) reported Wednesday after the market close with above-consensus second-quarter non-GAAP EPS results and 7-percent revenue growth. The cloud data company's third-quarter non-GAAP EPS guidance was above consensus, and the revenue guidance surrounded the consensus...
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Analysts Break Down Key Issues From Apple's Q4 Print
Friday, November 2, 2018 - 11:19am | 763Read More...Apple, Inc (NASDAQ: AAPL) is getting crushed Friday following a disappointing fourth-quarter earnings report. Apple exceeded EPS and revenue expectations for the fourth quarter, but its first-quarter revenue guidance of between $89 billion and $93 billion was short of consensus expectations of $93....
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Bank Of America Cites Near-Term Concerns In Apple Downgrade
Friday, November 2, 2018 - 8:47am | 348Read More...Bank of America's bullish case for Apple Inc. (NASDAQ: AAPL) has come to a pause after the company's fiscal fourth-quarter earnings report highlights four "troublesome" near-term trends. The Analyst Bank of America's Wamsi Mohan downgraded Apple from Buy to Neutral with a...
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Bank Of America's Bullish Apple Stance Unchanged Despite App Store Deceleration
Thursday, November 1, 2018 - 11:36am | 440Read More...Third-party data from app intelligence firm Sensor Tower and Bank of America Merrill Lynch point to a deceleration in Apple Inc. (NASDAQ: AAPL)'s App store revenue in October, the sell-side firm said this week. The Analyst Bank of America Merrill Lynch's Wamsi Mohan maintains a...
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BofA's Bearish 3D Systems Thesis Reinforced By Q3 Results
Wednesday, October 31, 2018 - 11:38am | 373Read More...3D Systems Corporation (NYSE: DDD) investors have reason to be concerned exiting the 3-D printer manufacturer's third-quarter earnings report, according to Bank of America Merrill Lynch. The Analyst Analyst Wamsi Mohan maintains an Underperform rating on 3D Systems with a price...
















