-
Wall Street Still Loves Apple
Friday, November 3, 2017 - 12:43pm | 795Apple Inc. (NASDAQ: AAPL) stock jumped 2 percent on Friday to hit new all-time highs after the company reported a fiscal fourth-quarter earnings beat and issued guidance that impressed the market. A number of Wall Street analysts weighed in on Apple following the report. Here’s a rundown of...
-
Upcoming Volatility In Apple Could Create Attractive Entry Point Ahead Of iPhone 8 OLED Launch
Monday, June 12, 2017 - 11:23am | 201Even with possible iPhone 8 OLED delays, Citi analyst Jim Suva expects demand to exceed supply for the 10th-anniversary smartphone causing him to reiterate his Buy rating and $160 price target on Apple Inc. (NASDAQ: AAPL). Notable Comments “We expect demand to outstrip supply as...
-
Cisco's Sell-Side Roundup: The Good And Bad In Q3, And What's Next
Friday, May 19, 2017 - 7:46am | 739Cisco Systems, Inc. (NASDAQ: CSCO)'s fiscal third-quarter earnings report and fourth-quarter guidance was alarming enough for investors to send the stock lower by more than 7 percent Thursday. Here is a summary of what some of Wall Street's most notable analysts are saying after the report...
-
Why Netflix Could Be A Top Prospect For Apple
Friday, May 5, 2017 - 11:47am | 408Every quarter, Apple Inc. (NASDAQ: AAPL)’s massive $256.8 billion cash hoard swells by a few billion dollars, and every quarter, analysts and experts give their opinions on what Apple should do with all that cash. This week, Citi analyst Jim Suva was the latest to give his two cents on Apple...
-
Analyst: Hewlett Packard Enterprise Has 'Zero Chance Of Remaining Relevant'
Wednesday, November 23, 2016 - 1:18pm | 301Hewlett Packard Enterprise Co (NYSE: HPE) shares are up 2.14 percent after the company reported Q4 revenue of $12.5 billion on EPS of $0.61. The revenue number fell short of Wall Street’s $12.85 estimate, but EPS was a slight beat versus expectations of $0.60. Chowdhry Responds According to...
-
HP Inc's Guidance Comes In Lighter Than Expected
Wednesday, November 23, 2016 - 11:49am | 269HP Inc (NYSE: HPQ) reported its quarterly results, with sales beating the consensus expectations and in-line EPS. Revenue growth was driven by the EMEA and APJ. Citi’s Jim Suva maintained a Neutral rating on the company, while raising the price target from $16 to $17. Positives The...
-
Investors Could Be Underappreciating The Free Cash Flow At Hewlett Packard Enterprise
Wednesday, November 23, 2016 - 10:14am | 356Hewlett Packard Enterprise Co (NYSE: HPE) reported its quarterly results, with the revenue missing the consensus expectations. Citi’s Jim Suva maintains a Buy rating on the company, while raising the price target from $25 to $27. Guidance Hewlett Packard reported its revenue at $12.48 billion...
-
5 Key Positives From NetApp's Q2 Report
Thursday, November 17, 2016 - 1:23pm | 378NetApp Inc. (NASDAQ: NTAP) delivered solid second-quarter results as cost cutting boosted margins. Further, the company’s third-quarter earnings forecast came in above Street view. Guidance For the January quarter, NetApp guided sales/EPS of $1.325 billion–$1.475 billion/$0.72–$0....
-
Cisco's Disappointing Outlook Sure To Overshadow Earnings Beat
Thursday, November 17, 2016 - 12:23pm | 395Cisco Systems, Inc. (NASDAQ: CSCO) opened lower after the company’s first-quarter beat was overshadowed by lower-than-expected second-quarter guidance, hurt by a 12 percent drop in service provider orders. Buy On The Dip But, Citi analyst Jim Suva believes the recent weakness is a buying...
-
What Wall Street Is Saying About NetApp's Q2
Thursday, November 17, 2016 - 10:58am | 640Shares of NetApp Inc. (NASDAQ: NTAP) gained more than 10 percent during Wednesday's after-hours trading session, as the company impressed investors with its second-quarter earnings report. Here is a summary of what Wall Street analysts are saying. Morgan Stanley Katy Huberty of Morgan Stanley...
-
Don't Be Surprised By Apple's Pullback
Wednesday, October 26, 2016 - 7:06am | 328Although Apple Inc.'s (NASDAQ: AAPL) shares slipped 2 percent after hours, which followed a 21 percent price gain in the previous three months, versus a 1 percent decline in the S&P 500 during the same period. Near-term demand for iPhones exceeds supply, while Applewood is in its early...
-
IBM's Q3 Was A 'Tale Of 2 Cities'
Tuesday, October 18, 2016 - 9:04am | 514Commenting on International Business Machines Corp. (NYSE: IBM)'s third-quarter results, Citi said the result was a "tale of two cities," with margin declines pitched against ramping up of strategic growth imperatives. Beats, But Quality Not High Analyst Jim Suva noted that IBM reported third-...
-
Citi Boosts Q4 iPhone Estimate From 73 Million To 79 Million Units
Friday, September 30, 2016 - 9:31am | 348Citi’s checks suggest that there are early indications of strong iPhone 7 demand across stores in the U.S., Canada, Europe and Asia. Citi’s Jim Suva maintained a Buy rating on Apple Inc. (NASDAQ: AAPL), while raising the price target from $120 to $130. Strong Initial Demand “...
-
All The Recent iPhone 7 Comments In One Place
Saturday, September 24, 2016 - 5:50pm | 897With the seemingly lackluster release of Apple Inc. (NASDAQ: AAPL)'s iPhone 7 on September 13 and the negative commentary surrounding the lack of a 3.5mm headphone jack, many investors were unsure how the tech giant’s latest release and the retail sales following it would impact the stock...
-
Buy Apple On The iPhone 7 Launch, As Demand Is Exceeding Supply: Citi
Monday, September 19, 2016 - 7:38am | 349Citi’s store checks suggest there has been robust preorder activity for the iPhone 7. Jim Suva maintained a Buy rating on Apple Inc. (NASDAQ: AAPL), with a target price of $120. Suva mentioned that store checks at Apple, as well as at carrier stores in the U.S., Canada and Asia revealed...