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HP's Challenges Unlikely To Ease Anytime Soon, Bear Analyst Says After Q3 Print
Wednesday, August 31, 2022 - 4:55pm | 239HP Inc’s (NYSE: HPQ) downbeat third-quarter revenue miss and reduction in fourth-quarter guidance were the largest of their kind in over five years, according to Morgan Stanley. The HP Analyst: Erik Woodring reiterated an Underweight rating on HP while reducing the price target...
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3 Dell Technologies Analysts Offer Different Takes On Mixed Results
Friday, August 26, 2022 - 3:23pm | 404Dell Technologies Inc (NYSE: DELL) reported on Thursday mixed results for its second quarter, with an earnings beat but revenue short of Wall Street expectations. Morgan Stanley On Dell Technologies Analyst Erik Woodring reaffirmed an Equal-Weight rating while reducing the price target from $...
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Apple Earnings 'Better-Than-Feared,' Company Can Weather Storm: Why Analysts Remain Bullish
Friday, July 29, 2022 - 3:23pm | 705Technology giant Apple Inc (NASDAQ: AAPL) reported quarterly earnings after market close Thursday. Analysts are sizing up a quarter and guidance that may have been “better-than-feared” with updated price targets. The Apple Analysts: Morgan Stanley analyst Erik Woodring had an...
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'Modestly Better': 4 IBM Analysts React To Impressive Earnings Report
Wednesday, April 20, 2022 - 2:51pm | 476IBM (NYSE: IBM) shares traded higher by 7.7% on Wednesday after the company reported a first-quarter earnings beat as it continues to restructure its company. On Tuesday, IBM reported first-quarter adjusted EPS of $1.40 on revenue of $14.2 billion. Both numbers topped consensus analyst estimates of...
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Morgan Stanley Downgrades HP On Potentially Lower Hardware Spend
Thursday, March 31, 2022 - 1:01pm | 211The hardware industry is at risk of losing market share to other technology sub-industries due to greater macro uncertainty, “leaving us incrementally more cautious on the group in 2022,” according to Morgan Stanley. The HP Analyst: Erik Woodring downgraded the rating for HP Inc (NYSE:...
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Apple Shows Signs Of Recovery From Coronavirus, Doesn't Shake Bulls With Lack Of Guidance
Friday, May 1, 2020 - 11:21am | 1277Apple Inc.'s (NASDAQ: AAPL) fiscal second-quarter results bolstered hopes for a coronavirus recovery. Despite supply chain disruption, store shutdowns and declines in demand, the company’s $58.3 billion revenue and $2.55 bottom line beat first-quarter forecasts of $54.8 billion and $2.24...
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Morgan Stanley: GoPro Setting A High Bar For Q4
Friday, November 8, 2019 - 12:43pm | 595GoPro Inc (NASDAQ: GPRO) reported third-quarter results Thursday that were in line with expectations, but management's guidance represents a high bar, according to Morgan Stanley. The Analyst Erik Woodring maintained an Underweight rating on GoPro with a $4.50 price target. The Thesis...
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GoPro Crashes 20% After Production Delay, Analysts Remain Cautious
Thursday, October 3, 2019 - 9:54am | 377GoPro Inc (NASDAQ: GPRO) shares plunged and kept dropping after the company announced Wednesday afternoon a last-minute production delay for its new flagship HERO8 Black camera. GoPro sees preliminary third-quarter sales of $123 million-$127 million versus a $308.2 million estimate. Sell-side...
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Morgan Stanley Remains GoPro Bear; Wedbush Says It Could Turn Bullish Soon
Friday, August 2, 2019 - 11:17am | 525Action camera maker GoPro Inc (NASDAQ: GPRO) reported second-quarter results Thursday that fell short of estimates, but the company guided to a better outlook for the rest of the year. The Analysts Morgan Stanley's Erik Woodring maintained an Underweight rating on GoPro with an...