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3 Areas In Which Fitbit Showed Encouraging Progress
Thursday, May 4, 2017 - 11:59am | 382Trip Chowdhry, an analyst with Global Equities Research, suggested Fitbit Inc (NYSE: FIT)'s investors take their profits on the health and fitness company back in 2015. The analyst's call was spot-on as the stock peaked above $50 per share that year and steadily declined to an all-time low...
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Apple Delivers Mixed Quarter Amid Seasonal Lull; All Eyes Beyond June
Wednesday, May 3, 2017 - 1:45pm | 495Apple Inc.'s (NASDAQ: AAPL) March quarter results were mixed amid the seasonal lull. The spotlight, according to Oppenheimer, is now beyond the June quarter. Analysts Andrew Uerkwitz, Martin Yang and Paul Dean broached the question of further margin pressure. The analysts noted that the...
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Analyst: No Longer Critical Of GoPro's Strategy Or Direction, Still Skeptical
Friday, April 28, 2017 - 1:30pm | 376Investors were not impressed with GoPro Inc (NASDAQ: GPRO) after the company reported its first-quarter results based on the stock's 7-percent decline seen Friday. Andrew Uerkwitz of Oppenheimer maintains a Perform rating on GoPro's stock with no assigned price target following the report. The...
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GoPro Has Quietly Built An App That Could Move It In The Right Direction
Thursday, April 27, 2017 - 3:00pm | 396With GoPro Inc (NASDAQ: GPRO) set to release earnings after the bell on Thursday, many are wondering whether the company is heading in the right direction. In March, the company reaffirmed quarterly guidance would be at the top end of its range of its $190-210 million target. Oppenheimer believes...
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2017 To Be Pivotal Year For Energous; Oppenheimer Downgrades Stock
Tuesday, January 24, 2017 - 11:56am | 337Shares of Energous Corp (NASDAQ: WATT), which makes wireless charging solutions, plunged more than 13 percent after Oppenheimer downgraded the stock to Perform, saying the company is “unable to become more constructive until [it] starts shipping product.” What's WattUp? Energous is...
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Synaptics Margins And Fingerprint Sensor Traction Are Key Risks: Oppenheimer
Monday, December 12, 2016 - 11:43am | 312Oppenheimer’s Andrew Uerkwitz expressed concern regarding the risks faced by Synaptics, Incorporated (NASDAQ: SYNA) with regarding to the lack of track for its fingerprint sensor and the continuing margin headwind due to TDDI. Uerkwitz downgraded the rating on the company from Perform to...
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Oppenheimer On Why Fitbit's Pebble Acquisition Works
Thursday, December 8, 2016 - 11:49am | 213Offering its take on Fitbit Inc (NYSE: FIT)'s acquisition of certain Pebble assets, Oppenheimer said the deal is unlikely to immediately impact the near-term growth trajectory. Nevertheless, the firm believes the deal to be positive and supportive of its long-term thesis. Analysts Andrew...
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Cautious Ambarella Management Warns Against Risks In The Near Term
Friday, December 2, 2016 - 2:25pm | 268Ambarella Inc (NASDAQ: AMBA) gave a cautious near-term outlook on the drone and wearables market, leading Oppenheimer to retain its Perform rating on the stock, despite strong quarterly results. That said, the company reiterated confidence in the camera drone, market as it believes this segment...
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Apple Lacks Courage To Lead Next Generation Of Innovation
Monday, November 21, 2016 - 9:47am | 309While iPhone ASP may have already peaked, its unit sales may peak in FY 2018, Oppenheimer’s Andrew Uerkwitz said in a report. He added that Apple Inc. (NASDAQ: AAPL) does not seem to have “the courage to lead the next generation of innovation (AI, cloud-based services, messaging),...
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Is The Madden Franchise Impacted By The NFL's Ratings Drop?
Wednesday, November 2, 2016 - 3:34pm | 437It’s no surprise the NFL has suffered a huge ratings drop this year. There's a laundry list of items that has plagued the league recently; From deflated footballs and endzone celebrations with minor importance to issues such as player safety, domestic violence, and an overall...
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Oppenheimer Not Jumping On The Apple Bandwagon Ahead Of Q4 Earnings
Tuesday, October 25, 2016 - 2:08pm | 383Previewing Apple Inc. (NASDAQ: AAPL)'s fiscal fourth-quarter results, Oppenheimer said the average selling price boost is unlikely to ease iPhone 7 cycle concerns. Analyst Andrew Uerkwitz said his 2017 estimates remain materially below the consensus, given expectations for shipment declines in the...
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Activision Expected To Outperform The Rest Of Its Video Game Peers
Friday, October 14, 2016 - 3:52pm | 269Oppenheimer said in a research note released on Thursday it believes Activision Blizzard, Inc. (NASDAQ: ATVI) will outperform its peers in the video game industry's secular shift to digital distribution and new monetization models. Analyst Andrew Uerkwitz believes Activision's game franchises make...
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Don't Judge Take-Two By Its Market Cap, This Story's Just Beginning
Friday, October 14, 2016 - 11:53am | 356In a research note published on Thursday, Oppenheimer said Take-Two Interactive Software, Inc. (NASDAQ: TTWO) stock appreciation story is just beginning amid industry tailwinds, multiple franchise refreshes and new content. The firm believes the company is well positioned for top- and bottom-line...
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GoPro's Upgrades To Karma Play To Its Strengths
Friday, October 14, 2016 - 10:09am | 310GoPro Inc (NASDAQ: GPRO) unveiled upgrades to its cameras, Hero5 Black and Hero5 Session, as well its Karma drone, more user friendly software through Quik apps, a hand-held gimbal and GoPro Plus services. “The Karma Drone impressed with solid industrial design and build quality. Existing...
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Ambarella's Underlying Markets To Produce Volatility Near Term, Oppenheimer Warns
Friday, September 2, 2016 - 10:16am | 328Oppenheimer remains on the sidelines on Ambarella Inc (NASDAQ: AMBA) despite better-than-expected second-quarter results, citing near-term volatility in the company's underlying markets. "We reiterate our Perform rating on AMBA. We like it as the market leading, pure-play investment that is...