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For Netflix, Getting (And Keeping) Subscribers In The Face Of Competition Is Expensive
Wednesday, January 22, 2020 - 12:05pm | 1026Netflix, Inc. (NASDAQ: NFLX) beat expectations on total subscriber adds, EPS and revenue but the sell-side reaction was mixed with bears worried about lackluster growth in U.S. subscribers and heavy spending on content as competition ramps up. The mixed results on subscriber adds, strong...
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GrubHub Still Has Some Work To Do, Analyst Says After Deep Dive Into Food Delivery Business
Thursday, December 5, 2019 - 3:30pm | 372KeyBanc analysts took a deep dive into the food delivery business and concluded industry titan GrubHub Inc (NYSE: GRUB) needs to provide evidence strategic efforts are resulting in improving trends. The Analyst KeyBanc Capital Markets analyst Andy Hargreaves maintains a Sector Weight rating on...
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Facebook's Strong Quarter, Outlook Have Sell-Side Hitting Like On The Stock
Thursday, October 31, 2019 - 12:45pm | 664Facebook Inc. (NASDAQ: FB) was a pleasant surprise to analysts with third quarter ad revenue growth up 31% year over year to beat Street estimates by nearly 2%, with operating income about 13% above the consensus forecast. Both daily and monthly active users of the platform continued to increase,...
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What To Make Of Apple Earnings: Wearables, China And Apple TV+
Thursday, October 31, 2019 - 11:18am | 856Apple Inc. (NASDAQ: AAPL) shares traded higher by 2% on Thursday after the company beat earnings and revenue expectations in the fiscal fourth quarter and guided for better-than-expected sales in the critical holiday quarter. Apple reported 18% Services segment growth and 54% revenue growth in...
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GrubHub Analysts Debate If Investors Should Buy The 40% Plunge
Tuesday, October 29, 2019 - 1:10pm | 575Food delivery company GrubHub Inc (NYSE: GRUB) reported disappointing third-quarter results amid lower order frequency, retention and loyalty rates among active customers. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts JMP analyst Ronald Josey...
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Hey Google! Sell-Side Sentiment Solid After Alphabet's Q3 Earnings Disappoint
Tuesday, October 29, 2019 - 11:20am | 782Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) shares dipped 2% on Tuesday after the company’s third-quarter earnings report fell short of Wall Street expectations. Google’s parent company reported third-quarter EPS of $10.12, below consensus estimates of $12.42. Revenue of $40.5 billion...
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International Subscriber Growth Keeps Analysts Mostly Still Tuned In To Netflix
Thursday, October 17, 2019 - 3:39pm | 782Will Netflix Inc. (NASDAQ: NFLX) be able to fend off new competition and continue to grow subscribers? It wasn't looking so good a few months ago, but after a rebound in subscriber growth in the third quarter led by overseas customers some analysts are thinking: Stranger Things have happened....
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Can Netflix Deliver A Hit After Q2 Subscriber Disappointment?
Sunday, October 13, 2019 - 10:42am | 800Netflix Inc (NASDAQ: NFLX) is scheduled to report its third-quarter results Wednesday, after the market close. The consensus estimate calls for earnings of $1.04 per share, up from 89 cents per share in the year-ago quarter. Analysts, on average, expect the company to report revenues of $5.25...
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Analyst: Apple's Services Narrative Is Largely Priced In; Stock No Longer Attractive
Thursday, September 26, 2019 - 12:09pm | 501Apple Inc. (NASDAQ: AAPL)'s drive to grow its Services business hasn't helped much to overcome some of the fundamental weakness, according to KeyBanc Capital Markets. The Analyst Andy Hargreaves maintained a Sector Weight rating on shares of the Cupertino, California-based technology...
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The Street's Reaction To Apple's New Products: 'Meh On Phones But Wow, Streaming Is Really Cheap'
Wednesday, September 11, 2019 - 11:39am | 882While Apple Inc. (NASDAQ: AAPL) watchers zoned in Cupertino’s new iPhone and Apple TV+ unveil, reaction from analysts was a bit muted, though generally positive, with most saying the company did the expected with upgrades of existing products. One excited exception was for the unexpectedly...
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KeyBanc Downgrades Cardlytics On Valuation, Reduced Estimates
Friday, August 9, 2019 - 2:54pm | 279Although Cardlytics Inc (NASDAQ: CDLX) reported strong results for the second quarter, its monetization prospects are not as bright as was earlier anticipated, according to KeyBanc Capital Markets. The Analyst KeyBanc’s Andy Hargreaves downgraded Cardlytics from Overweight to Sector Weight....
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'We Continue To Like The Company's Fundamentals': Investors, Analysts Cheer Alphabet's Q2 Rebound
Friday, July 26, 2019 - 11:45am | 590Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)’s solid second-quarter results continued to push the stock higher Friday and drove several sell-side analysts to raise their price targets. Pre-market and early morning buyers sent the Google parent company’s stock price up by more than...
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Did Facebook's Q2 Earn A Thumbs Up From Analysts?
Thursday, July 25, 2019 - 11:31am | 791Facebook, Inc. (NASDAQ: FB) reported second-quarter results that exceeded expectations. Daily active users (DAUs) of 1.59 billion and monthly active users (MAUs) were consistent with the Street's expectations, but average revenue per user (ARPU) of $7.05 beat estimates of $6.87. The company...
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Zillow's Market 'Several Times Larger' Than Investors Expect, KeyBanc Says In Bullish Initiation
Friday, July 19, 2019 - 12:07pm | 374Given its high traffic volumes, capital and data, Zillow Group Inc (NASDAQ: Z) enjoys significant competitive advantages and is well-positioned to become the leading market maker for residential real estate in the U.S., according to KeyBanc Capital Markets. The Analyst Andy Hargreaves initiated...
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KeyBanc: Redfin Is Poised For Steady Share Gains, But At The Cost Of Margin Expansion
Friday, July 19, 2019 - 10:58am | 339Although Redfin Corp (NASDAQ: RDFN) should steadily gain market share for the foreseeable future by offering lower-cost services, it may not be possible for the company to “simultaneously expand margins at a level that would justify upside in the shares from current levels,” according...