-
Analysts See Blurry Longterm Picture For GoPro Despite Profitable Quarter
Thursday, February 7, 2019 - 5:10pm | 426GoPro Inc. (NASDAQ: GPRO) issued a strong earnings report and bullish guidance on the near future, but analysts find the long-term picture for the action camera maker a bit blurry. GoPro reported its first profit in five quarters Wednesday, beating Wall Street expectations by a nickel, with revenue...
-
Analysts Like The Sound Of The Beat At Sonos
Thursday, February 7, 2019 - 2:30pm | 671Sonos, Inc. (NASDAQ: SONO) stock was down more than 13 percent Thursday despite a strong earnings beat and its most profitable-ever quarter as the market appeared to be spooked by the announcement that its chief financial officer is retiring. But analysts reiterated bullish outlooks on the...
-
Pump Up The Volume: Morgan Stanley Thinks Sonos Could Go Higher
Monday, January 28, 2019 - 4:33pm | 339Investors were pumping up the volume on speaker maker Sonos, Inc. (NASDAQ: SONO) following an upgrade from Morgan Stanley, which likes its new product plans and distribution deal with IKEA. The Analyst Morgan Stanley analyst Yuuji Anderson upgraded Sonos from Equal-Weight to Overweight, while...
-
GoPro Sees Worst Trading Day In Company History Despite Q3 Beat
Friday, November 2, 2018 - 3:52pm | 468GoPro Inc (NASDAQ: GPRO) shares were headed for their worst single-day drop on record Friday despite reporting a third-quarter earnings beat. The company reported Q3 adjusted earnings per share of negative 4 cents, beating estimates by 2 cents. Sales came in at $285.936 million...
-
Fitbit Reports A Profit: The Street Debates What's Next
Thursday, November 1, 2018 - 12:10pm | 770Fitness tracker and smart watch maker Fitbit Inc (NYSE: FIT) reported a return to profit in its third-quarter print Wednesday. The Analysts Wedbush's Michael Pachter maintains an Outperform rating on Fitbit with an unchanged $6.50 price target. William Blair's Jeffrey Garro maintains...
-
Analyst: GoPro's New HERO7 Unlikely To Save The Day
Monday, October 29, 2018 - 1:02pm | 334GoPro Inc(NASDAQ: GPRO) recently unveiled its new line of HERO7 cameras, but it might not be enough to boost the stock right now. The Analyst Morgan Stanley analyst Yuuji Anderson maintained his Underweight rating and $5 price target. The Thesis HERO7 could disappoint some investors'...
-
Morgan Stanley Stays Bearish On Fitbit After Apple Watch Unveil, Says Revenue Is The Real Concern
Thursday, September 13, 2018 - 4:24pm | 364Apple Inc. (NASDAQ: AAPL)'s launch of the Series 4 Apple Watch, with features that include a built-in heart monitor, sent shares of rival smartwatch manufacturer Fitbit Inc (NYSE: FIT) down by about 7 percent Wednesday. The Analyst Morgan Stanley analyst Yuuji Anderson maintained an...
-
Analyst: The Bullish Case For Axon Isn't Based On Taser Sales Alone
Monday, July 2, 2018 - 10:58am | 434Axon Enterprise Inc (NASDAQ: AAXN), the company best known for the Taser stun gun, continues to expand its leadership position across a "wide ecosystem" that bodes well for the stock, according to Morgan Stanley. The Analyst Morgan Stanley's Yuuji Anderson initiated coverage of...
-
3 Reasons Why Morgan Stanley Is Bearish On Fitbit
Monday, April 2, 2018 - 8:00am | 322Fitbit Inc (NYSE: FIT) priced its June 2015 initial public offering at $20 per share and early investors were rewarded with the stock's move higher to $50 per share in August. Nearly three years later, however, the narrative has changed. The Analyst Morgan Stanley's Yuuji Anderson...
-
Morgan Stanley's Guide On How To Play The Optical Space
Friday, March 9, 2018 - 11:55am | 887The optical space boasts multiple demand drivers from facial recognition, telecom companies looking to expand bandwidth, and the industrial/semicap sectors requiring optical products, Morgan Stanley says. But at the same time the optical space has been challenged by fragmentation, a highly...
-
Morgan Stanley: Fitbit Needs Product Cycle Improvements
Tuesday, February 27, 2018 - 11:23am | 419Fitbit Inc (NYSE: FIT)'s fourth-quarter report Monday certainly disappointed investors, based on the double-digit percentage decline in the stock. But a bearish case isn't called for just yet, according to Morgan Stanley. The Analyst Morgan Stanley's Yuuji Anderson maintains an...
-
Market Is 'Giving Too Much Credit' To GoPro, Morgan Stanley Downgrades Stock
Tuesday, January 23, 2018 - 9:17am | 377GoPro Inc (NASDAQ: GPRO) deserves some credit for returning to profitability in late 2017, but perhaps investors are giving the company "too much credit," according to Wall Street's newest bear analyst. The Analyst Morgan Stanley's Yuuji Anderson downgraded GoPro's stock...
-
Recent Sell-Off In Ciena Creates Opportunity; Morgan Stanley Upgrades To Overweight
Tuesday, January 12, 2016 - 11:23am | 244Morgan Stanley issued a company note on Ciena Corporation (NYSE: CIEN) after a recent sell-off in shares has made the stock attractive based on valuation. Morgan Stanley upgraded Ciena from Equal-weight to Overweight and lowered its price target from $25 to $23. Analysts Meta Marshall, James...