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Why Zoom Video Is A Top Communications Stock Pick
Monday, July 26, 2021 - 1:35pm | 375Earlier this month Zoom Video Communications Inc (NASDAQ: ZM) announced a $14.7-billion takeover of Five9. On Monday, Bank of America analyst Daniel Bartus named Zoom a top communications stock pick after performing a deep dive on the company. Market Leadership: Bartus said Zoom is a market leader...
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Analyst: Zoom Video Buyout Of Five9 Accelerates xCaaS Expansion
Monday, July 19, 2021 - 12:35pm | 441Five9 Inc (NASDAQ: FIVN) shares traded higher by 4.5% on Monday morning after Zoom Video Communications Inc (NASDAQ: ZM) announced a $14.7 billion takeover of Five9. What Happened? On Sunday, Zoom announced cloud software company Five9 will be its first-ever billion-dollar acquisition. As part of...
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Zoom Video Shares Pull Back After Q1 Earnings: What Do Analysts Think?
Wednesday, June 2, 2021 - 12:07pm | 624Zoom Video Communications Inc (NASDAQ: ZM) shares traded lower by 0.3% on Wednesday after the company reported blowout first-quarter earnings numbers but warned investors that a slowdown is coming in the quarters ahead. Zoom Video reported first-quarter adjusted EPS of $1.32 on $956.2 million in...
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BofA Upgrades Qualtrics On Secular Tailwinds
Wednesday, May 19, 2021 - 1:15pm | 223Qualtrics International Inc (NASDAQ: XM) is executing well and has a leadership position in an emerging customer experience market, according to BofA Securities. The Qualtrics International Analyst: Daniel Bartus upgraded the rating for Qualtrics International from Neutral to Buy, while raising the...
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Twilio Analyst Weighs In On $850M Zipwhip Buyout
Tuesday, May 18, 2021 - 3:54pm | 343On Monday, Twilio Inc (NYSE: TWLO) announced an $850 million deal to acquire Zipwhip, a company that helps enable businesses to use their existing toll free business phone numbers to text customers. Deal Makes Sense: Bank of America analyst Daniel Bartus said Tuesday the Zipwhip deal makes a lot of...
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Why Karooooo's Positive Telematics Market Prospects Impress BofA Analyst
Tuesday, April 27, 2021 - 12:46pm | 340Karooooo Ltd (NASDAQ: KARO) could sustain revenue growth of more than 18% through 2023, driven by share gains and product expansion in South Africa and telematics expansion in other key regions, according to BofA Securities. The Karooooo Analyst: Daniel Bartus initiated coverage of Karooooo with a...
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Why Zoom Video, Twilio, RingCentral Are 'Top Picks' Right Now
Tuesday, April 20, 2021 - 3:42pm | 598The communication software-as-a-service sector is a more than $60-billion market that has several bullish trends on which investors can capitalize in the long-term, according to a BofA Securities analyst. On Tuesday, BofA Securities performed a deep dive into communication software...
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4 Qualtrics Analysts Are Staying On Sidelines, Despite Growth Prospects
Tuesday, February 23, 2021 - 6:26pm | 696Experience management software provider Qualtrics International Inc (NASDAQ: XM) debuted Jan. 28 on Wall Street. With the company's IPO quiet period expiring, sell-side analysts started coverage of the stock, and most are staying on the sidelines. The Qualtrics Analysts: BofA Securities...
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After BlackBerry's Mixed Q1, BofA Says Its Valuation Reflects Risk
Thursday, June 25, 2020 - 7:01pm | 381BlackBerry Ltd (NYSE: BB) reported light first-quarter revenue while still delivering an earnings beat. The company’s QNX auto software segment came under pressure due to a slowdown in auto production, while the traditional Enterprise segment remained flat, according to BofA Securities...
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Sell-Side Still Optimistic On Zscaler After Q1 Earnings Results
Wednesday, December 4, 2019 - 11:46am | 528Analysts remained upbeat on cloud security company Zscaler Inc. (NASDAQ: ZS) after strong first-quarter results, even as investors appeared more skeptical sending the stock down, likely on mixed second-quarter guidance. Zscaler beat Street expectations on revenue, billings, and non-GAAP EPS in the...
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Bank Of America Upgrades Zscaler Following Big Sell-Off
Monday, November 25, 2019 - 3:37pm | 273Zscaler Inc’s (NASDAQ: ZS) shares have declined by a massive 48% since July, while the company appears well-positioned to sustain high growth, according to Bank of America. The Analyst BofA’s Daniel Bartus upgraded Zscaler from Neutral to Buy while raising the price target from $65...
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Bank Of America: Further Downside In Blackberry 'Limited' After 40% Loss
Monday, November 4, 2019 - 11:07am | 372The bearish case for BlackBerry Ltd (NYSE: BB) can no longer be justified after the stock's 40% decline over the past year, according to BofA. The Analyst Bank of America analyst Daniel Bartus upgraded Blackberry's stock from Underperform to Neutral with a price target lifted from $6 to $7...
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BofA: BlackBerry's Cylance Acquisition Excites, But There's No Fire In Spark Platform
Thursday, April 25, 2019 - 11:33am | 390BlackBerry Ltd (NYSE: BB) reiterated its Enterprise of Things, or EoT, strategy at its analyst day in San Ramon, California. While there was excitement around the acquisition of software company Cylance, the developments around the Spark EoT platform are underwhelming, according to...
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5 Reasons Why BofA Is A BlackBerry Bear
Friday, April 5, 2019 - 12:37pm | 401Bank of America Merrill Lynch said Friday that it's identified five new risks that reinforce the BlackBerry Ltd (NYSE: BB) bear case. The Analyst Daniel Bartus maintains an Underperform rating on BlackBerry with an unchanged $8.50 price target. The Thesis Bank of America's...
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The Street Debates BlackBerry's Q3 Earnings
Friday, December 21, 2018 - 12:47pm | 558BlackBerry Ltd (NYSE: BB) reported Thursday its third-quarter results, which came in ahead of expectations. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts Bank Of America's Daniel Bartus maintains an Underperform rating on BlackBerry with a...