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Facebook Focusing On Other Realities As Company Unveils Plans For Next Phase
Thursday, April 20, 2017 - 9:05am | 574Commenting on Facebook Inc (NASDAQ: FB)'s F8 Annual Developer Conference, Pacific Crest Securities, a unit of KeyBanc Capital Markets, said the company is focusing on other realities. Realities Sinking In Analysts Andy Hargreaves, Evan Wingren and Tyler Parker noted that the keynote focused on...
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YouTube's Ad Controversy Not Going Away Yet; Will It Prove To Be Temporary?
Friday, March 24, 2017 - 11:36am | 563Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) has been drawing flak from its advertisers for allowing hate messages/offensive content to be displayed alongside ads from these companies. Speedy Resolution Likely Commenting on the development, Pacific Crest Securities, a unit of KeyBanc Capital...
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No No, Power Rangers? Sizing Up The Impact To Lions Gate If Ranger Reboot Goes Wrong
Thursday, March 23, 2017 - 3:01pm | 783Ahead of the theatrical release of the reboot of " Power Rangers," sell-side analysts weighed in on how it is likely to perform and the general prospects of Lions Gate Entertainment Corporation Class B Non-Voting Shares (NYSE: LGF-B) and Lions Gate Entertainment Corporation Class A Voting Shares...
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Pacific Crest Continues To Recommend WWE, Despite Guidance Miss
Friday, July 29, 2016 - 4:14pm | 510Pacific Crest maintains its Overweight rating and $22 price target on World Wrestling Entertainment, Inc.(NYSE: WWE) and continues to recommend the shares for the company's ability to drive leverage from subscriber additions, strategic value and lack of secular media risks. Near-Term Catalysts "We...
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KeyBanc Does Not View Strategic Value Of Lions Gate/Starz Deal Favorably
Friday, July 1, 2016 - 10:21am | 292KeyBanc Capital’s Evan Wingren believes Lions Gate Entertainment Corp. (USA) (NYSE: LGF) acquiring Starz (NASDAQ: STRZA) would not add enough scale “to open up significant new revenue opportunities or meaningfully alter the potential of either business.” Wingren maintains an...
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WWE Network Has Transformed The Company's Earnings Power
Thursday, June 16, 2016 - 11:13am | 280Roughly two years after the company launched its revolutionary WWE Network, Pacific Crest analyst Evan Wingren believes World Wrestling Entertainment, Inc. (NYSE: WWE) may be on the brink of turning a major corner in terms of earnings. Wingren believes WWE’s new business model provides the...
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Pacific Crest Recommends Owning Lions Gate Into 'Now You See Me 2' Debut
Thursday, June 9, 2016 - 10:20am | 251'Now You See Me 2' is likely to have a strong debut, when it releases in the upcoming weekend, and should improve sentiment for Lions Gate Entertainment Corp. (USA) (NYSE: LGF), Pacific Crest’s Evan Wingren said in a report. A strong debut should increase confidence in the company...
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Watch WWE's Post-WrestleMania Sub Churn, Analyst Says
Friday, April 8, 2016 - 9:53am | 376The risk going forward for World Wrestling Entertainment, Inc. (NYSE: WWE) is estimating WWE Network churn once the 30-day free trial ends, according to FBN Securities analyst Robert Routh. Routh, who has an Outperform rating on WWE shares, noted that the company's most popular event WrestleMania...
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WrestleMania Exceeded Even PacCrest's Expectations: WWE Worth $20/Share
Tuesday, April 5, 2016 - 8:57am | 327Pacific Crest’s Evan Wingren mentioned that while the total demand for WrestleMania beat the estimates, churn was likely to lead to a decline in paid subscribers in Q2. The analyst maintained an Overweight rating on World Wrestling Entertainment, Inc. (NYSE: WWE), while lowering the price...
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Try DreamWorks And Lionsgate If You Want The Best Box Office Upside
Tuesday, March 29, 2016 - 10:54am | 330Pacific Crest’s Evan Wingren initiated coverage of Dreamworks Animation Skg Inc (NASDAQ: DWA) and Lions Gate Entertainment Corp. (USA) (NYSE: LGF) with Overweight ratings. DreamWorks The price target is at $31. “The company is transforming itself into a major supplier of content...
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World Wrestling Entertainment Primed To Navigate The Future Of TV; PacCrest Says Buy It Now
Tuesday, March 29, 2016 - 7:35am | 416Pacific Crest’s Evan Wingren initiated coverage of World Wrestling Entertainment, Inc. (NYSE: WWE) with an Overweight rating, with a price target of $22. The analyst commented that the company appeared to be “well positioned to navigate the future of TV via its Internet-based direct-...
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The Street Was Surprised By Apple iPhone SE's Price Tag
Tuesday, March 22, 2016 - 1:03pm | 979Following Apple Inc. (NASDAQ: AAPL)'s March event on Monday, the Street was abuzz with chatter related to the unveiled products. According to Piper Jaffray's Gene Munster, the only true surprise from the event was the pricing of the new iPhone SE. Projected starting prices for the...
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What's Coming For Apple Earnings? Here's What Pacific Crest Thinks
Friday, January 22, 2016 - 3:42pm | 336Pacific Crest Securities' Andy Hargreaves and Evan Wingren released an earnings preview for Apple Inc. (NASDAQ: AAPL) on Thursday. Pacific Crest Securities recommended woua reiterated Overweight rating. On January 7, the firm issued a price target of $132. Looking at FQ1 earnings, the analysts see...
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Apple Downside 'Limited,' PacCrest's Hargreaves Says
Sunday, July 19, 2015 - 1:50pm | 314Apple Inc. (NASDAQ: AAPL) will announce its third quarter financial results next Tuesday after the market closes. In a recent report, Pacific Crest analysts Andy Hargreaves and Evan Wingren said results should be good, while downside appears to be limited by iOS client loyalty despite risky first...
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Will Netflix Double Its Earnings This Quarter?
Wednesday, July 15, 2015 - 7:09am | 297Netflix, Inc. (NASDAQ: NFLX) is scheduled to announce its second quarter financial results after the market closes on Wednesday. This will be the first quarter to be reported with an adjusted share count, post-split. For the period, the Street is modeling consensus earnings of $0.32 per share...