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Rosenblatt Sees Risk In iPhone XS, Forecasts XR Production Increase
Friday, January 25, 2019 - 11:09am | 338Apple Inc. (NASDAQ: AAPL) is days away from releasing its first-quarter report that corresponds with a period that saw a 39-percent stock decline. One Street expert is looking beyond past performance to a season of greater stability. The Analyst Rosenblatt Securities analyst Jun Zhang...
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7 CES Takeaways For Chinese Tech Investors
Tuesday, January 15, 2019 - 3:53pm | 415Rosenblatt Securities analyst Jun Zhang attended this year’s Consumer Electronics Show in Las Vegas and compiled a list of seven key CES takeaways for Chinese tech and automaker investors. This year’s CES wasn’t as busy as previous years for Chinese tech companies, likely due...
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NeoPhotonics Likely To Issue Solid Q1 Guidance, Says Bullish Rosenblatt
Tuesday, January 15, 2019 - 11:58am | 393NeoPhotonics Corp (NYSE: NPTN) announced preliminary December quarter results Monday that include revenue and margins that are higher than its prior guidance. Given a recent tender announcement by China Telecom (NYSE: CHA), NeoPhotonics will likely guide to above-normal seasonality for the...
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'Jaw-Dropping': Wall Street Reacts To Apple's Guidance Cut, China Business
Thursday, January 3, 2019 - 12:46pm | 1097Apple Inc. (NASDAQ: AAPL) cautioned investors Wednesday that its holiday quarter revenue is likely to come in "lower than anticipated." Here's how Street analysts are reacting to the guidance cut. The Analyst Wedbush's Dan Ives maintains an Outperform rating...
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Rosenblatt Sees Positive Trends For NeoPhotonics
Monday, December 10, 2018 - 2:39pm | 405A conference call with NeoPhotonics Corp (NYSE: NPTN) has reinforced Rosenblatt Securities' bullish stance on the stock. The Analyst Analyst Jun Zhang maintains a Buy on NeoPhotonics with an unchanged $13 price target. The Thesis Shares of NeoPhotonics, a designer and...
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Rosenblatt Lowers Apple's Price Target To $165
Thursday, December 6, 2018 - 10:50am | 339Rosenblatt Securities on Nov. 5 downgraded Apple Inc. (NASDAQ: AAPL) from a bullish stance, and on Thursday the firm is lowered its price target below current levels. The Analyst Rosenblatt Securities' Jun Zhang maintains a Neutral rating on Apple with a price target lowered from $200 to $...
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Market Experts React To G20 Summit
Monday, December 3, 2018 - 3:34pm | 1149U.S. stocks got a big lift Monday after the G20 meeting over the weekend cleared up some major uncertainties for investors. The G20 produced some major developments on the trade war front, with the U.S. and China agreeing to a 90-day truce while a deal is negotiated. In addition, Russia and Saudi...
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Analyst: Singles Day Boosts iPhone XR Sales, But Downside Pressure Remains After Holiday
Wednesday, November 21, 2018 - 11:14am | 487Rosenblatt Securities highlighted increased evidence of competition from Huawei and the implications for Apple Inc. (NASDAQ: AAPL)’s unit sales and sell-through rates in a Wednesday report. The Analyst Analyst Jun Zhang reiterated a Neutral rating on Apple with a $200...
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Revisiting Apple's iPhone Woes As Stock Dips Into Bear Market Territory
Thursday, November 15, 2018 - 11:19am | 1029Apple Inc. (NASDAQ: AAPL)'s stock has entered bear market territory, with the performance of its newest iPhone models largely to blame. The stock has pulled back by about 20 percent from an Oct. 3 intraday high of $233.47. Apple shares have underperformed since October, having shed...
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Should Investors Buy Lumentum After Monday's Plunge? The Street Debates
Tuesday, November 13, 2018 - 1:52pm | 827Shares of Lumentum Holdings Inc (NASDAQ: LITE) plummeted more than 30 percent Monday after revising its guidance lower after an un-named industrial and consumer customer, most likely Apple Inc. (NASDAQ: AAPL), lowered its orders. Here is a summary of how some of the Street's top analysts...
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Analyst: Skyworks Could Be The Culprit Behind Apple's iPhone Production Cuts
Wednesday, November 7, 2018 - 2:04pm | 435Apple Inc. (NASDAQ: AAPL) iPhone XR woes may have to do with quality issues at one of its component suppliers, according to an analyst at Rosenblatt Securities. The Analyst Jun Zhang has a Neutral rating on Apple with a $200 price target. Earlier this week, the analyst downgraded Apple. The Thesis...
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Apple Shares Dip After Rosenblatt Downgrade
Monday, November 5, 2018 - 2:24pm | 315For the second time in as many trading days, Apple Inc. (NASDAQ: AAPL) received a sell-side downgrade. The Analyst Rosenblatt Securities' Jun Zhang downgraded Apple from Buy to Neutral with an unchanged $200 price target. The Thesis The bullish case for Apple can no longer be justified as...
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Wall Street Reacts To Apple's New MacBooks, iPad Pro
Thursday, November 1, 2018 - 7:44am | 428Apple, Inc. (NASDAQ: AAPL) held a product event on Tuesday at which it unveiled its new iPad Pro, MacBook Air and Mac Mini. Several analysts have weighed in on Apple’s new products. Rising Prices Nomura analyst Jeffrey Kvaal said Apple is using the same iPhone playbook that has worked so well...
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Rosenblatt Turns Bullish On Qualcomm, Highlights 5G Opportunity
Monday, August 20, 2018 - 12:40pm | 441The global telecom market could be as close as one year away from a 5G launch, and companies like QUALCOMM, Inc. (NASDAQ: QCOM) are well-positioned to play a major role, according to Rosenblatt Securities. The Analyst Rosenblatt's Jun Zhang upgraded Qualcomm from Neutral to Buy with...
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Wall Street Weighs In On Apple's Q3 Earnings Beat: Buybacks, Services, iPhone Demand In Focus
Wednesday, August 1, 2018 - 11:33am | 557Apple Inc. (NASDAQ: AAPL) shares were up more than 5 percent after the company released a much better-than-feared fiscal third-quarter earnings report. The stock was trading around $200 per share in mid-day trading Wednesday. Buybacks Making An Impact Deutsche Bank analyst Sherri Scribner said...