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The Street Reacts To Palo Alto Hitting New Highs
Wednesday, February 27, 2019 - 1:58pm | 556Cybersecurity company Palo Alto Networks Inc (NYSE: PANW) reported a top- and bottom-line beat in its fiscal second-quarter results, sending shares to new highs. Here is a summary of how some of the Street's top analysts reacted to the print. Guggenheim: Strong Quarter Palo Alto's report...
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Guggenheim: Stripe, Amazon Pay Present Growing Challenge To PayPal
Monday, February 25, 2019 - 3:30pm | 483Stripe is a private company that offers merchants the ability to accept credit, debit and other payment methods on their online stores. The company is reportedly worth $20 billion based on a recent round of financing — and a growing competitor to Paypal Holdings Inc (NASDAQ:...
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Guggenheim Says Zillow's Home Segment Off To 'Strong Start' In 2019
Wednesday, February 20, 2019 - 5:45pm | 338Zillow Group Inc (NASDAQ: ZG) started a new business unit called Home, which actively buys homes with the purpose of remodeling them and flipping the home for a profit. The Analyst Guggenheim Partners' Jake Fuller maintains a Neutral rating on Zillow with no price target. The Thesis Guggenheim...
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Should Investors Buy The Dip In Centurylink?
Thursday, February 14, 2019 - 3:15pm | 503Centurylink Inc (NYSE: CTL), the second largest U.S. communications provider to global enterprise customers, reported mixed fourth-quarter results and management slashed its dividend payout by 50 percent. Wells Fargo: Pain For Long-Term Gain High dividend companies like Centurylink within the...
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Guggenheim: What Snap Investors Need To Know About Instagram, Android And Advertising
Monday, February 11, 2019 - 11:59am | 525Snap Inc (NYSE: SNAP) reported fourth-quarter results Feb. 5 that generated "incremental enthusiasm," but three key questions remain regarding the sustainability of the social media platform's long-term growth, according to Guggenheim. The Analyst Guggenheim Partners...
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Paycom Surges But These Analysts Remain Sidelined
Wednesday, February 6, 2019 - 6:11pm | 430Cloud-based management software company Paycom Software Inc (NYSE: PAYC) reported fourth-quarter results that came in better than expected and helped boost the stock to a new 52-week high. The Analysts Guggenheim Partners' Nandan Amladi maintains a Neutral rating on Paycom Software with a price...
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Is Snapchat's Stock A Buy After Stabilizing Its User Base? The Street Debates
Wednesday, February 6, 2019 - 10:08am | 625Snap Inc (NYSE: SNAP) reported fourth-quarter results that came in better than expected and daily active users of 186 million marks stabilization from the prior quarter. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts Morgan Stanley's Brian...
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CenturyLink Is 'Poorly Positioned,' Guggenheim Says In Downgrade
Thursday, January 24, 2019 - 3:46pm | 406Communications provider to global enterprise customers Centurylink Inc (NYSE: CTL) is "poorly positioned" within the changing telecommunications market, and the stock should be sold by investors, according to Guggenheim. The Analyst Guggenheim Partners' Mike McCormack downgraded...
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Analysts React After American Express Rings Up Q4 EPS, Sales Miss
Friday, January 18, 2019 - 12:27pm | 638American Express Company (NYSE: AXP) reported Thursday with a fourth-quarter top-and-bottom-line miss. The credit card issuer guided to a better-than-expected revenue growth outlook for 2019, mostly due to a "reasonably strong" consumer. Here's how the Street reacted to...
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Guggenheim Surveyed 272 Small Businesses To Better Understand Shopify
Tuesday, January 15, 2019 - 4:48pm | 314Guggenheim surveyed 272 small businesses to better understand Shopify Inc (NYSE: SHOP)'s positioning within the e-commerce landscape. The Analyst Guggenheim's ' Ken Wong maintains a Buy rating on Shopify with an unchanged $180 price target. The Thesis Shopify is home to around 770,000...
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Guggenheim: Dominion's Scana Acquisition A 'Big Win'
Monday, December 17, 2018 - 1:04pm | 434South Carolina regulators approved a merger that has Virginia-based Dominion Energy Inc (NYSE: D) buying South Carolina's Scana Corporation (NYSE: SCG). What Happened State regulators approved Dominion Energy's proposed acquisition of Scana, as the deal is expected to benefit state...
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Analysts Stick With Bullish Roku Stances After Concerning Chinese Headline
Wednesday, December 12, 2018 - 11:06am | 522Roku Inc (NASDAQ: ROKU) sold off Tuesday after TechNode reported that TCL, the company's Chinese supplier of Roku-equipped TVs, is shifting its focus toward semiconductors and displays. Investors assumed the report is a sign Roku will lose a major partner. At least two Street...
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Guggenheim Revisits Booking Holdings After Closing Hotelscombined Acquisition
Tuesday, December 11, 2018 - 4:14pm | 380Online travel agency Booking Holdings Inc (NASDAQ: BKNG) finalized and closed its acquisition of hotel metasearch site HotelsCombined, which prompted Guggenheim to revisit its thesis on the stock. The Analyst Guggenheim Partners' Jake Fuller maintains a Neutral rating on Booking Holdings with...
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Guggenheim Stays Neutral On Zillow Group After 'Strong' November
Monday, December 10, 2018 - 1:28pm | 395Zillow Group (NASDAQ: ZG)'s new business unit that partners with local brokerages and agents to buy and sell homes saw a "strong" November and is tracking inline with management's prior guidance, according to Guggenheim. The Analyst Guggenheim Partners' Jake Fuller maintains a...
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3 Reasons To Like Alphabet's Stock
Thursday, December 6, 2018 - 2:21pm | 408Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) boasts a favorable combination of intellectual property and financial resources that positions its well to grow over the longer term above current expectations, according to Guggenheim. The Analyst Guggenheim Partners' Michael Morris initiated...