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Axiom's Anthony Highlights 5 Key Concerns Facebook Investors Might Be Considering
Tuesday, July 26, 2016 - 1:28pm | 419Victor Anthony, a senior analyst at Axiom Capital has been bullish on Facebook Inc (NASDAQ: FB) since the stock was trading under $20 a share. His bullish stance remains unchanged to this day, but he does have several concerns that need to be addressed in the company's second-quarter earnings...
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SunTrust's Bob Peck Remains Positive On Facebook Heading Into Q2 Earnings
Monday, July 18, 2016 - 9:48am | 368Facebook Inc (NASDAQ: FB) reports its second-quarter financial results on July 27, and SunTrust's Bob Peck projects another "strong" quarter from the social media giant. "Advertisers and Facebook distribution partners we spoke with are pointing to above consensus growth QoQ for Facebook + Instagram...
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Facebook Acquires VR Audio Technology Company Two Big Ears, Offers Its Technology For Free
Monday, May 23, 2016 - 6:28pm | 239Shares of Facebook Inc (NASDAQ: FB), parent of Oculus, tumbled 1.18 percent on Monday trading, potentially on the heels of news the company had acquired Two Big Ears (TBE), a spatial audio technology company focused on 3D audio for games and VR content. While terms of the transaction have not...
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Instagram, WhatsApp And Oculus Rift Keep Facebook's Long-Term Potential Robust
Monday, April 11, 2016 - 8:15am | 269Robert "Bob" S. Peck of SunTrust Robinson Humphrey mentioned that in recent weeks, concerns have emerged regarding weakness is some of Facebook Inc (NASDAQ: FB) verticals during the seasonally weak 1Q. The analyst maintained a Buy rating on the company, with a price target of $125. Investor...
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Facebook Is More Than Just A Social Network; Axiom Says Shares Are Worth $150
Monday, April 4, 2016 - 9:39am | 381Axiom’s Victor Anthony believes that Facebook Inc (NASDAQ: FB) is becoming “the world’s largest communications and entertainment platform,” and that the stock therefore deserves to trade at a premium. The analyst maintained a Buy rating on the company, while raising the...
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Google Has Potential In VR Market
Wednesday, February 10, 2016 - 2:27pm | 415Facebook Inc (NASDAQ: FB) has been hailed as the tech firm with the most potential in the virtual reality space. The company's acquisition of VR firm Oculus gave it a leg up against competitors and helped the firm bring one of the most promising consumer virtual reality headsets to the market this...
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Google Prepares For A Virtual Reality Explosion
Tuesday, January 19, 2016 - 9:33am | 440Virtual reality technology has received a lot of buzz over the past few years, as big name firms like Facebook Inc (NASDAQ: FB) and Microsoft Corporation (NASDAQ: MSFT) invested heavily into the technology. While last year saw some major developments in the industry, many are expecting 2016 to be...
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Oculus Pre-Orders Start This Week
Monday, January 4, 2016 - 2:26pm | 408Facebook Inc (NASDAQ: FB)-owned Oculus Rift pre-orders begin this Wednesday. It looks like virtual reality (VR) is well on its way to become a reality in 2016. Shares of Facebook were down -1.47 percent in last Thursday's trading session. "We're excited to announce that pre-orders for #Rift will...
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Virtual Realty Could Increase Tenfold By 2020
Friday, December 4, 2015 - 2:37pm | 316Once only sci-fi fueled dream, the virtual reality market is becoming an industry with high valuations. According to market researcher TrendForce, the total value of the virtual reality market may increase 10x from next year’s estimate of $6.7 billion to $70 billion in 2020. Facebook And...
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Dan Gilbert: Innovation Still Happening In U.S., Startup Valuations May Be 'Softening'
Friday, October 23, 2015 - 1:52pm | 526Dan Gilbert described the current U.S. housing market as “stable,” despite weak numbers from Millennials. He sees private technology startup valuations on the decline in recent months. Gilbert believes that virtual reality could play a big role in the future of sports viewing. Quicken...
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Patients To Benefit From Latest Tech Trends
Monday, September 28, 2015 - 2:21pm | 453For years, the medical industry has evolved alongside the tech space as new technology gave doctors the ability to treat patients in ways they never thought possible. Now, the latest trends in the tech space are making their way to patients to help treat illnesses and aid in recovery in new and...
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Wall Street Likes Virtual Reality Despite Absence Of A 'Killer App'
Friday, September 25, 2015 - 8:34am | 368Facebook Inc (NASDAQ: FB) announced during the Oculus Developer Conference on Thursday a 50 percent price cut for the Gear VR (mobile VR solutions) to $99. Gene Munster of Piper Jaffray commented in a note that the VR theme is "building momentum." Ben Schachter of Macquarie stated that 2016 will...
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Virtual Reality Becomes An Actual Reality With New Oculus Headset
Friday, September 25, 2015 - 8:18am | 381Virtual reality technology used to be considered a distant possibility for much of the population. Large, cumbersome machines and expensive devices were the only way for an average person to experience films and video games from the inside out. However, Oculus' latest headset is looking to...
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Not Oculus Or WhatsApp, Indiegogo CEO Thinks Mobile Drives Facebook
Monday, June 22, 2015 - 4:14pm | 387With shares trading at all-time highs and price target or rating increase becoming nearly a daily phenomenon for Facebook Inc (NASDAQ: FB), most analysts are attributing this success to the acquisitions made by the company including Oculus, Instagram and WhatsApp. However, Slava Rubin, Indiegogo...
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Virtual Reality Steals The Show For Gamers At E3
Thursday, June 18, 2015 - 9:04am | 411Virtual reality has come a long way over the past few years. So far, in fact, that it may make its way into the average consumer's home in the very near future. This week's Electronic Entertainment Expo (E3) in Los Angeles showcased the new technology's growing popularity as...