Both Hewlett Packard Enterprise and HP inc. are rising after upbeat reports Thursday, two startups, The Trade Desk and Appian delivered nice results, Nvidia and AMD have good prospects in both gaming and crypto-currency use, says Merrill Lynch, identity manager Okta gets a new fan at Deutsche Bank, Yahoo!'s Altaba offspring is too cheap relative to those Asian assets, the easy money is over with struggling fiber-optic name Applied Optoelectronics, says its most devoted short seller, while the pain continues for fiber name Acacia Communications, Western Digital has good prospects, says Stifel, and Universal Display, the maker of OLED technology, is plunging after its year outlook disappointed, though it has plenty of defenders.
Qualcomm and Broadcom both sagged on their latest moves in their M&A battles, while NXP shares rose on Qualcomm's increased bid, there's further iPhone X hand-wringing following a Nikkei report, OLED tech supplier Universal Display gets an upgrade, RBC ponders whether Western Digital could solve its weak valuation by getting taken out in an LBO, and several companies getting positive mention in advance of earnings include Hewlett Packard Enterprise, Salesforce, Workday, and Veritone.
Apple's growth in China has been impressive, writes Morgan Stanley's Katy Huberty, but it's also been constrained, as Chinese hold onto phones longer, and by competition in cheaper phones from Android-based vendors, but she expects it all works out okay for Apple because it still has a lot of customers who haven't bought the latest iPhone.
Universal Display, a supplier of technology for screens using "OLED," soared on Wednesday when it said it renewed its business with its biggest customer, Samsung. Nice as that is, the outlook from the company, expected February 22nd, is still very important, writes Hendi Susanto of Gabelli & Co.
Apple for the first time ever took more than half of industry revenue of smartphones, according to research firm Strategy Analytics, thanks to rising prices for iPhone that make the business a "cash machine."
Cisco shares are on the march as bulls conclude growth is back like they'd hoped, Applied Materials is also going higher as it joins Cisco in boosting capital returns, Apple's sales into China are important, even if this year is not the "super cycle" some wanted, says Morgan Stanley's Katy Huberty, Broadcom management feel Qualcomm didn't really "engage" with them, according to a Reuters report, Salesforce is up on an upgrade from Jefferies's John DiFucci, who sees a pick-up in corporate buying, and NetApp has some explaining to do about its margins but you'll have to wait until April 5th.
Universal Display shares shot up 9% after it said it inked a new deal with its biggest customer, Samsung, and Evercore ISI analyst CJ Muse sees it as a big positive, and a refutation of bear arguments that the company's patent protection is going away.
Apple is not a market-share dominating firm, writes Guggenheim analyst Robert Cihra, it's a company trying to peel away the most valuable parts of markets for itself, which makes him bullish about its "Other" products, including Apple Watch, which is approaching $10 billion, and the recently released HomePod speaker system, which could gain capabilities and spur new form factors, he thinks.
Apple's rumored talks with a Chinese state-backed memory-chip facility to procure NAND is among positive signs for the chip equipment industry, and could be a validation for China's nascent chip industry, says B. Riley's Craig Ellis.
Shares of chip supplier Himax dipped after its quarterly results were held back by weakness in China's smartphone market. The company projects its results to improve this year by supplying so-called 3-D sensing parts to smartphones, but bull and bear on the Street dispute the matter.
Apple (AAPL) shares are down 40 cents at $162.32, as the company goes into its annual shareholder meeting today, prompting a couple of observations from the Street. Proxy materials are available on Apple’s investor-relations website. The two proposals presented by shareholders are for Apple to lower the barrier for shareholders to nominate board members, and […]
Broadcom chief executive Hock Tan took to CNBC's "Squawk Box" segment, telling hosts David Faber and Jim Cramer that his offer to buy Qualcomm for $82 in cash and stock is "compelling" and that his trips to visit Qualcomm shareholders have elicited a lot of support. The two parties are set to meet this Wednesday.
Samsung's latest patent on smartphone technology has some intriguing prospects for full-screen devices, with a special emphasis placed on extending the use of touch-sensors for manipulating various functions.
Rosenblatt analyst Jun Zhang writes attention should now turn from Apple's financials to its product outlook this year, including prospects for an almost bezel-less iPad Pro, and a smaller, cheaper version of Apple's HomePod speaker system, mostly confirming rumors that have swirled in the gadget press of late.
T-Mobile's outlook for subscribers this year is less ambitious than last year, notes Jeffrey Kvaal, which is consistent with the company moving from being a growth story to more of a cash-flow story.
Snap shares have increased in value by a third following Tuesday's earnings upside surprise, Twitter is catching a bid as well after a Deutsche price target increase, several earnings results are being bid up including Cognizant, Akamai, and New Relic, and Goldman Sachs wants to lend you money to buy iPhones.
Skyworks offered a lower-than-expected forecast for quarterly results, but both bull and bear said the company's management is carrying out its duties "flawlessly" given all the challenges, including lower-than-expected Apple iPhone sales, and a slowing market for smartphones in China. A bump up in the company's capital returns is also something to cheer.
Apple's plan to bring its net cash balance to zero, or near zero, will seriously reduce liquidity, but that's not a worry, says Moody's, as the company's buckets of cash flow and its paying down of debt will still leave it with a balance sheet that is "robust."
Shares of Lumentum are higher by 20%, and are helping to lift the entire optical complex, amidst an upbeat outlook for VCSEL lasers for smartphones, Skyworks despite missing with its forecast as it talks about wins in top-tier smartphones later this year, Cirrus Logic slipped as Apple's iPhone shortfall affects its fortunes, and Micron Technology's new finance chief could help the company boost its multiple.
Broadcom and Qualcomm are both set to lose in a major way in the next iPhones, speculates Romit Shah of Instinet, as Apple is poised to dump Qualcomm modems for Intel's, and some models of iPhone may replace Broadcom's wireless filter technology with chips from Qorvo, in a bid to cut the cost of the iPhone.