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Newport Resident Offers $74M To City Council To Find Hard Drive With 7,500 Bitcoins
Thursday, January 14, 2021 - 8:48pm | 375A Newport, Wales resident has promised to pay 52.5 million pounds (over $74 million) to local authorities if they help him find a hard drive he had thrown away with 7,500 Bitcoins on it. What Happened: James Howells, a Newport-based software engineer, is asking the local authorities to provide...
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A 'Quarter Of Bad News': HP Disappoints On Sales, CEO Departure
Friday, August 23, 2019 - 2:05pm | 519HP Inc (NYSE: HPQ) reported a "quarter of bad news," according to Morgan Stanley. The Analyst Morgan Stanley analyst Katy Huberty maintains an Equal-weight rating on HP with a price target lowered from $23 to $21. Wells Fargo analyst Aaron Rakers maintains at Market Perform, price target...
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Investors Punish Alphabet's Stock After Concerning Quarter
Tuesday, April 30, 2019 - 1:14pm | 1024Google's parent company Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) reported first-quarter results which prompted an immediate sell-off in the stock as the report showed a deceleration of growth in certain key metrics. Here is a summary of how some of the Street's top analysts reacted to...
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Sonos CEO: 'We Are Paying For Sins Of The Past'
Tuesday, February 12, 2019 - 12:56pm | 508High-end smart speaker maker Sonos Inc (NASDAQ: SONO) reported an earnings beat in its fiscal first quarter Feb. 6, but the stock heavily sold off — a result of the company paying for the "sins of the past," said CEO Patrick Spence. What Happened Hardware stocks...
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What You Need To Know From HSBC's Apple Downgrade
Tuesday, December 4, 2018 - 10:01am | 367Does Apple Inc. (NASDAQ: AAPL) have a dependence problem? Analysts at HSBC say the iPhone maker's years of growth from hardware units is "broadly over." What Happened Apple's growth story over the years has com mostly from selling new hardware devices to new users but this is...
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Google's Hardware Event: What To Look For, How To Watch
Monday, October 8, 2018 - 3:44pm | 378Ahead of the holiday shopping season, Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) and its Google unit will unveil new products Tuesday. Where To Follow The easiest way to follow Google's product launch, "Made by Google 2018" is on its YouTube page. The livestream is scheduled to...
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Palo Alto's Q2: 'Strength Across The Board'
Tuesday, February 27, 2018 - 9:33am | 341Palo Alto Networks Inc (NYSE: PANW) reported fiscal second quarter results, which not only included a top-and-bottom-line beat but showed "strength across the board," according to KeyBanc. The Analyst KeyBanc Capital Markets' Rob Owens maintains an Overweight rating on Palo Alto...
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Goldman Sachs Adds Nutanix To Conviction List, Says Hardware Revenue Decision Is Misunderstood
Wednesday, February 7, 2018 - 3:51pm | 436Despite a more than 5-percent decline in Nutanix Inc (NASDAQ: NTNX) shares since the turn of the year, Goldman Sachs sees plenty of reason to be positive and is modeling for a more than 40-percent return. The Analyst Goldman Sachs' Rod Hall initiated coverage of Nutanix's stock with a Buy...
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JPMorgan's Top Tech Ideas For 2018: Buy Zebra, Short Garmin
Wednesday, January 24, 2018 - 4:53pm | 576Hardware stocks are well positioned to generate a "solid" return for investors in 2018, analysts at JPMorgan said in an industry-wide report. Among the entire group, the firm's top picks include: Flex Ltd (NASDAQ: FLEX), NCR Corporation (NYSE: NCR), TTM Technologies, Inc. (NASDAQ:...
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AMD Volatile On Increased Spectre Chip Vulnerability
Friday, January 12, 2018 - 11:42am | 293Advanced Micro Devices, Inc. (NASDAQ: AMD) is trading down nearly 2 percent after the firm reported Thursday that its microprocessors are prone to two variants of Spectre security flaws, rather than one. While conceding a vulnerability to variant one that's resolvable with software...
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Wells Fargo On Nutanix's Earnings: Bullish Thesis Playing Out
Monday, December 4, 2017 - 4:03pm | 547Nutanix Inc (NASDAQ: NTNX)'s earnings report last week sent shares spiking higher by more than 8 percent before cooling down. The Nutanix bull vs. bear debate continues at a time when the stock is up 30 percent for the year. The Analyst Wells Fargo's Aaron Rakers maintains an Outperform...
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Nutanix And The Upcoming Catalysts, A Software Story
Thursday, September 28, 2017 - 10:21am | 390Analysts at Morgan Stanley met with several members of Nutanix Inc (NASDAQ: NTNX)'s senior management team, which "emphasized the company's DNA in software" but failed to earn an upgrade. The firm's Katy Huberty maintains an Equal-Weight rating on Nutanix's stock with an unchanged $22 price target...
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Is Google Looking To Beef Up Its Smartphone Efforts?
Friday, September 8, 2017 - 2:17pm | 366The competitive landscape within the smartphone market could intensify even further if reports are true that Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) is looking to acquire HTC's mobile division. Alphabet's Google unit is reportedly in the final stages of negotiations to acquire HTC's struggling...
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Q3 Earnings: Home Depot Vs. Lowe's
Wednesday, November 16, 2016 - 9:12am | 443Home Depot Inc (NYSE: HD) reported its third-quarter results on Tuesday, which initially sent shares higher. However, throughout the trading session, shares of the do-it-yourself home improvement retailer slipped into negative territory and ended the day lower by 2.56 percent at $124.40. Home Depot...
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Apple A Big Winner From Mobile World Congress
Monday, February 29, 2016 - 3:38pm | 296On Monday, Drexel Hamilton issued a note on the IT hardware and software industry, specifically highlighting Apple Inc. (NASDAQ: AAPL) and Cisco Systems, Inc. (NASDAQ: CSCO) as being well positioned to benefit from the Internet-of-Things (IoT) trend. Brian White, an analyst at Drexel Hamilton,...