Global Equities Reserach

Shares of Fitbit Inc (NYSE: FIT) hit a new all-time low of $6.20 after Monday's market open after the company surprised investors with a downward revision to its fourth-quarter guidance and a plan to slash around 6 percent of its total workforce. Investor sentiment has been quite poor for Fitbit as...

Cisco Systems, Inc. (NASDAQ: CSCO) announced during its fiscal fourth quarter earnings print it will reduce its workforce by 5,500 employees. The layoff announcement may have come as a surprise to some investors, but there were unconfirmed reports of a pending layoff prior to the earnings release....

Trip Chowdhry of Global Equities Research sees "misdirected optimism" for Facebook Inc (NASDAQ: FB) and LinkedIn Corp (NYSE: LNKD). Chowdhry said he is concerned with the monetization aspect of Facebook, despite acknowledging it as the "strongest social engagement platform." The analyst noted that...

Apple Inc. (NASDAQ: AAPL) will hold an event at its Cupertino headquarters March 21, according to an email sent to media sources Friday morning. In an unusual move, the company declined to invite investors to the event, which is expected to be an announcement of the fall Apple product line. Apple...

Trip Chowdhry of Global Equities Research pulls no punches in his latest Apple Inc. (NASDAQ: AAPL) commentary. In a recent note, Chowdhry called for the “completely clueless” Tim Cook to be replaced. He cited a culture of “bozos” at Apple destroying $486 billion in...