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Argus Downgrades CBS On Moonves Risks
Tuesday, August 7, 2018 - 12:14pm | 408CBS Corporation (NYSE: CBS) has successfully stood out as a success story in an era of cord-cutting, but allegations of sexual misconduct against CEO Les Moonves and a legal battle with the Redstone family makes it difficult to hold a bullish stance, according to Argus. The Analyst Argus...
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Argus Downgrades Check Point Software On Execution Issues
Wednesday, May 9, 2018 - 10:54am | 370Check Point Software Technologies Ltd. (NASDAQ: CHKP) lowered its 2018 guidance due to issues with its sales execution, and one Wall Street firm isn’t feeling so bullish on the cybersecurity stock anymore. The Analyst Argus analyst Joseph Bonner downgraded Check Point from Buy to Hold and...
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'A Buying Opportunity In Facebook': Analysts React To Zuckerberg's Congressional Testimony
Thursday, April 12, 2018 - 3:29pm | 835Facebook, Inc. Common Stock (NASDAQ: FB) CEO Mark Zuckerberg’s 10 hours of testimony were not in vain. The two-day congressional hearing over Facebook’s consumer data and influencer security catalyzed an equally long run in the company’s stock, and some consider the rally the...
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Data Analytics Firm Splunk Has Discounted Valuation, Takeout Appeal, Argus Says In Upgrade
Thursday, March 8, 2018 - 12:13pm | 400Splunk Inc (NASDAQ: SPLK)'s stock is up nearly 70 percent over the past year, but is still trading at a discount to its peers, according to Argus. The Analyst Argus' Joseph Bonner upgraded Splunk's stock rating from Hold to Buy with a $120 price target. The Thesis Splunk is...
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What Wall Streets Thinks Of The Canceled Sprint-T-Mobile Deal
Monday, November 6, 2017 - 4:34pm | 845Shares of Sprint Corp (NYSE: S) lost more than 12 percent Monday morning and hit a new 52-week low of $5.72 after it was confirmed that ongoing merger talks with T-Mobile US Inc (NASDAQ: TMUS) ended with no agreement reached. Here's how some of Wall Street's notable analysts reacted:...
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The Microsoft Bull Run Isn't Over Yet
Tuesday, October 31, 2017 - 2:21pm | 365Argus said in a note on Tuesday Microsoft Corporation (NASDAQ: MSFT) shares, which have had a strong run already, have further to run. The firm said it thinks the shares could move even more upward, as the company's commercial and public cloud business propel growth. The firm upgraded shares of...
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Not Everyone Jumping On The Netflix Bandwagon Ahead Of Q3 Earnings
Monday, October 9, 2017 - 12:24pm | 358Netflix, Inc. (NASDAQ: NFLX)'s ongoing strength has many investors jumping in on the Netflix bandwagon with at least one exception: Argus' Joseph Bonner. Bonner maintains a Hold rating on Netflix's stock heading into the company's earnings report next week as the company's recent price increase to...
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25% Upside Seen In Palo Alto, Argus Research Upgrades To Buy
Tuesday, September 5, 2017 - 9:05am | 341Analysts at Argus turned bullish on Palo Alto Networks Inc (NYSE: PANW) as the integrated internet security solutions provider showed in its earnings report that it has moved past prior problems. The firm's Joseph Bonner upgrades Palo Alto's stock rating from Hold to Buy with a $183 price target....
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Why Oracle Expects 2018 To Be The Cloud Sales 'Tipping Point'
Friday, June 23, 2017 - 9:40am | 435Argus analyst Joseph Bonner upgraded Oracle Corporation (NYSE: ORCL) to Buy with a $61 price target following strong fourth-quarter 2017 earning results Wednesday. The company’s non-GAAP diluted EPS rose 10 percent year-over-year to $0.89 and revenue rose 3 percent to $10.95 billion, both...
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Facebook's Valuation Doesn't Reflect Its Industry-Leading Status
Friday, May 5, 2017 - 10:28am | 313Argus' Joseph Bonner has some concerns following Facebook Inc (NASDAQ: FB)'s earnings report yet the positives outweigh the negatives and the stock's current valuation doesn't reflect the company's status as a true industry leader. Bonner maintains a Buy rating on Facebook's stock with a price...
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Verizon's Place As A High-End Provider Could Be In Jeopardy
Friday, April 21, 2017 - 8:10am | 370Verizon Communications Inc. (NYSE: VZ)'s status as being a premium-priced and higher-end "Tiffany network" is now being called into question after the company's first quarter earnings report. According to Argus' Joseph Bonner, Verizon's "weak" earnings report...
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AT&T Lands Deal To Develop First Responder Broadband Network
Friday, April 7, 2017 - 10:26am | 492AT&T Inc. (NYSE: T) announced it has entered into an agreement with the federal First Responder Network Authority (FirstNet) “to build and operate a dedicated national wireless broadband network for police, firefighters and emergency medical services,” Argus’ Joseph Bonner...
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Palo Alto's Poor Marketing Execution Will Take At Least A Few Quarters To Resolve
Friday, March 3, 2017 - 10:27am | 396Following the disappointing second-quarter 2017 results reported by Palo Alto Networks Inc (NYSE: PANW), while meaningfully cutting the Q3 and full-year guidance on February 28, the stock declined 24 percent on March 1. Argus’ Joseph Bonner downgraded the rating on the company from Buy to...
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Activision Blizzard Still A Buy Despite 20% Share Pop, Says Argus
Wednesday, February 15, 2017 - 10:15am | 426Shares of Activision Blizzard, Inc. (NASDAQ: ATVI) is still a Buy at Argus even after shares climbed 20 percent following the company’s strong fourth-quarter results, which were powered by "Overwatch" and King Digital’s "Candy Crush." Video Games The February 2016 acquisition of King...
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Here's Why Alphabet's $845 Stock Is Still Undervalued
Monday, January 30, 2017 - 11:28am | 326Alphabet Inc (NASDAQ: GOOGL) is among the tech industry’s leaders, but shares appear “attractively valued,” in view of the company’s “rapidly expanding businesses,” Argus’s Joseph Bonner said in a report. He maintained a Buy rating on the company, with a...