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Fitbit Pulls Out Of China To Escape Tariffs
Thursday, October 10, 2019 - 10:39am | 544The Trump administration’s trade policies have finally gotten to Fitbit Inc (NYSE: FIT). The company announced Wednesday that it would shift certain product manufacturing from China to another market in order to evade the cost of Section 301 tariffs. What Happened Beginning in...
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Roku's Rough Week: A Constructive Pullback For The Stock?
Friday, September 20, 2019 - 2:47pm | 602Roku Inc (NASDAQ: ROKU) shares have experienced a steady sell-off this week, culminating in a 20% drop on Friday. Here’s a closer look at the fundamental headlines behind the sell-off and the stock’s technical outlook heading into next week. Negative Headlines On Wednesday, The Verge...
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Analyst On WeWork: High Growth Equals High Cash Burn
Tuesday, September 17, 2019 - 1:26pm | 374WeWork is postponing its initial public offering, partly due to valuation concerns. The botched IPO may have been a positive move as it would have been "hard to imagine" the stock performing well, according to D.A. Davidson. The Analyst D.A. Davidson real estate analyst Barry Oxford...
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Analysts React To Heavy Selling Pressure In The Tech Sector
Monday, September 9, 2019 - 3:01pm | 735Tech stocks led the market lower on Monday, with the Technology Select Sector SPDR Fund (NYSE: XLK) trading down 1% on the day. Twilio Inc (NYSE: TWLO) shares plunged 9.7%, Roku Inc (NASDAQ: ROKU) shares dropped 4.4% and Snap Inc (NYSE: SNAP) shares tumbled 7.1% amid the sell-off. Fearful Investors...
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Analysts Weigh In On Box Following Earnings
Thursday, August 29, 2019 - 11:09am | 611Box Inc (NYSE: BOX) shares tanked more than 8% on Thursday morning — although the stock eventually pared those losses — after the company reported a second-quarter earnings beat on Wednesday. Box’s top- and bottom-line numbers were solid, but its operating margins and lack of...
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DA Davidson Out Bullish On Landec: 'We Can Justify A Constructive Stance'
Friday, August 23, 2019 - 2:00pm | 334While margin initiatives are underway in Landec Corporation (NASDAQ: LNDC)'s Curation Foods segment, the Lifecore Biomedical segment is poised to form secular tailwinds in the pharmaceutical industry, according to D.A. Davidson. The Analyst Brian Holland initiated coverage of Landec...
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The Street Mostly Agrees: TJX Stock Is A Bargain
Wednesday, August 21, 2019 - 1:03pm | 689Off-price retailer TJX Companies Inc (NYSE: TJX) reported second-quarter results Tuesday that were notable for EPS at the high end of guidance and comps that fell short of Street estimates. Here's how the Street reacted. The Analysts Bank of America Merrill Lynch analyst...
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Analysts: Huawei Export Ban To Drag Skyworks In 2019, Beyond
Wednesday, June 5, 2019 - 3:38pm | 538Skyworks Solutions Inc (NASDAQ: SWKS) lowered its fiscal third-quarter revenue guidance Tuesday, citing the impact from export restrictions imposed by the Commerce Department on Huawei. The Analysts KeyBanc Capital Markets analyst John Vinh maintained his Sector Weight rating on the shares of...
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Preferred Bank Faces Risk From Fed Rate Cuts, DA Davidson Says In Downgrade
Wednesday, June 5, 2019 - 2:46pm | 435With the Fed having paused rate hikes for now and the market increasingly expecting at least one rate cut before the year is out, Preferred Bank’s (NASDAQ: PFBC) profitability seems to be near peak levels, according to D.A. Davidson. The bank holds a higher probability of downward...
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Patience Being Tested Following Box's Q1 Earnings, Guidance
Tuesday, June 4, 2019 - 1:33pm | 593Box Inc (NYSE: BOX) shares tumbled more than 11 percent on Tuesday morning after the company issued disappointing guidance along with its first-quarter earnings report. Box’s EPS loss of 3 cents and its first-quarter revenue of $163 million exceeded Wall Street estimates. However, the company...
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Why Twilio Shares Are Higher
Friday, May 31, 2019 - 2:52pm | 290Cloud communications platform Twilio Inc (NYSE: TWLO) traded higher Friday despite a rough day for the overall markets. Twilio on Wednesday announced an offering of $750 million of its class A common stock. "It’s unusual to see a stock trade up this much after a secondary,...
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DA Davidson Bullish On Prospects For Cardtronics' Allpoint Surcharge-Free Network
Friday, May 31, 2019 - 11:04am | 367Although Cardtronics PLC (NASDAQ: CATM) has recently faced several obstacles that tarnished its strong long-term track record, the overall company and its Allpoint surcharge-free network are unique assets, according to D.A. Davidson. The Analyst Peter Heckmann initiated coverage of Cardtronics with...
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Etsy Analysts Mostly Positive Despite Slight Q1 Revenue Miss
Thursday, May 9, 2019 - 1:53pm | 675Etsy, Inc. (NASDAQ: ETSY) shares were dropping Thursday after the e-commerce company fell short of first-quarter revenue estimates. But analysts chose to focus on the company’s earnings beat and higher company expectations for gross merchandise sales and revenue growth, with several...
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Applied Optoelectronics Posts Q1 Earnings Miss: What Analysts Have To Say
Thursday, May 9, 2019 - 11:36am | 424Applied Optoelectronics Inc (NASDAQ: AAOI) shares were dropping Thursday after the company reported first-quarter earnings and revenue the prior afternoon that came up short of analyst expectations. Applied Optoelectronics reported a per-share loss of 27 cents, larger than the consensus...
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Box Guidance Miss: What Wall Street Thinks
Thursday, February 28, 2019 - 12:16pm | 463Box Inc (NYSE: BOX) shares crashed 20 percent Thursday after the company reported its fourth-quarter earnings. Box reported $163.7 million in revenue for the fourth quarter, missing consensus analyst estimates of $164.2 million. Box also fell short with its first-quarter guidance, calling for...