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3 Apple Analysts On Guidance Cut: It's Not Fatal
Tuesday, February 18, 2020 - 12:15pm | 574Apple Inc. (NASDAQ: AAPL) shares dropped Tuesday after management trimmed second-quarter outlook to account for coronavirus threats. After a long shutdown, Chinese manufacturing partners have relaunched iPhone production but are ramping slower than expected, leading to short-term global supply...
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OK Google, How Is The Street Reacting To Alphabet's Q4 Earnings?
Tuesday, February 4, 2020 - 2:40pm | 671Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) reported mixed fourth-quarter earnings results. A handful of Wall Street analysts offered their take on the quarter and what's next for Google and YouTube. Notably, the company disclosed YouTube advertising revenue, which came in at topped $15 billion...
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Apple Analyst Raises Price Target Ahead Of 5G iPhone Launch
Friday, December 20, 2019 - 10:31am | 439This year has been a huge year for Apple, Inc. (NASDAQ: AAPL) and its shareholders. However, one Wall Street analyst said Friday that Apple’s 5G iPhones could drive another big year for the stock in 2020. The Analyst Piper Jaffray analyst Michael Olson reiterated his Overweight rating for...
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Piper Jaffray Bullish On Facebook, Says Negative Headlines And Regulatory Challenges Priced In
Tuesday, December 3, 2019 - 11:55am | 397Despite an onslaught of negative headlines, Facebook, Inc. (NASDAQ: FB) is having another good year in 2019, and one analyst said Tuesday the company should continue dodging negative headlines and focus on leveraging its core business. The Analyst Piper Jaffray analyst Michael Olson initiated...
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Sell-Side Likes The Outlook For Activision Blizzard, Take-Two Interactive
Friday, November 8, 2019 - 1:19pm | 748Activision Blizzard, Inc. (NASDAQ: ATVI) and Take-Two Interactive Software (NASDAQ: TTWO) not only had strong September quarters, but look good heading into next year sell-side analysts said, suggesting company guidance on the near-future may be too conservative. Analysts universally liked...
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Better Than Feared: Apple Impresses Analysts With iPhone Sales, Return To Hope For China
Wednesday, July 31, 2019 - 11:12am | 741Apple Inc (NASDAQ: AAPL) impressed analysts with revenue from iPhone sales and a return to growth in China, although both figures came in lower than last year. Apple reported total revenues of $53.8 billion, beating Wall Street's $53.3 billion estimate. Earnings per share of $2.18 beat the...
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Piper Jaffray: Netflix Subscriber Survey Shows Strength In Face Of Competition From Disney
Monday, May 13, 2019 - 3:47pm | 441Netflix can chill. There are lots of new competitors coming, but a survey of Netflix, Inc. (NASDAQ: NFLX) subscribers shows most plan to stick with the service, leading Piper Jaffray to reiterate its bullish stance on the streaming pioneer’s stock. The Analyst Michael Olson reiterated an...
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Street Mostly In The Game On EA After Strong Quarter, Bullish 2020 Outlook
Wednesday, May 8, 2019 - 12:25pm | 658“Apex Legends” helped Electronic Arts Inc. (NASDAQ: EA) to a strong fourth quarter that beat expectations, but it was a bullish 2020 outlook from the company that's keeping investors and sell-side analysts in the game. Strength from "Apex" and the company’s...
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Apple As A Service: Analysts Break Down Apple TV+, Apple News+ And Apple Arcade
Tuesday, March 26, 2019 - 11:45am | 1097Apple, Inc. (NASDAQ: AAPL) had one of its most important new service unveilings in recent memory on Monday, giving fans their first glimpse at streaming service Apple TV+, subscription gaming service Apple Arcade and news service Apple News+. Unfortunately for investors, Apple didn't...
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Piper Jaffray Continues To Like Glu Mobile, Wedbush Sees Hurdles Ahead
Tuesday, February 5, 2019 - 1:24pm | 615Mobile video game developer and publisher Glu Mobile Inc. (NASDAQ: GLUU) reported fourth-quarter results Monday that prompted Piper Jaffray to turn incrementally bullish on the stock, while Wedbush highlighted expectations for a slowdown in core growth games. The Analysts Piper Jaffray's...
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Wall Street Reacts To Alphabet's Q4 Earnings
Tuesday, February 5, 2019 - 10:17am | 861Google's parent company Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) reported fourth-quarter results, which came in better than expected but advertising prices continued to come under pressure while margins fell from 23 percent last year to 21 percent. Here is a summary of how some of the Street...
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'Margins To The Rescue' After Amazon Misses Q2 Sales Estimates
Friday, July 27, 2018 - 11:07am | 625Amazon.com, Inc. (NASDAQ: AMZN) reported earnings for the second quarter Thursday. Earnings per share and sales came in at $5.07 and $5.29 billion, respectively. The company also issued guidance for Q3 just below consensus estimates, but with significantly higher operating profits. It was this...
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Piper Jaffray Lifts Netflix's Price Target To $420
Tuesday, June 19, 2018 - 11:53am | 358Piper Jaffray's deep-dive into search trends bodes well for Netflix, Inc. (NASDAQ: NFLX) ahead of the company's second-quarter earnings report in July. The Analyst Piper Jaffray's Michael Olson and Yung Kim maintain an Overweight rating on Netflix with a price target lifted...
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Glu Mobile Has 'A Path To Continued Multiple Expansion And Margin Improvement,' Piper Jaffray Says
Friday, June 15, 2018 - 3:22pm | 405The growth of mobile gaming has Piper Jaffray out bullish on Glu Mobile Inc. (NASDAQ: GLUU). The Analyst Analyst Michael Olson initiated coverage of Glu Mobile with an Overweight rating and $7.50 price target. The Thesis Glu Mobile is on a favorable ongoing trajectory, with the...
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Survey: Netflix Subscribers Willing To Pay More
Wednesday, February 21, 2018 - 12:50pm | 405A primary concern for Netflix, Inc. (NASDAQ: NFLX) investors in recent years: whether the company will eventually be able to translate its massive user base and impressive growth numbers into the type of profits that can justify its lofty share price. Netflix has plenty of pricing leverage to ramp...