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3 Stages To The Nutanix Strategy Going Forward
Tuesday, October 25, 2016 - 11:40am | 339In a note released on Monday, Credit Suisse highlighted the three stages that would help Nutanix Inc (NASDAQ: NTNX) achieve its three-pronged vision. The firm noted that the company's vision is to make IT infrastructure invisible so that IT resources may be dedicated to business outcome and...
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IBM's Margins Were The Big Problem
Tuesday, October 18, 2016 - 8:31am | 354Although International Business Machines Corp. (NYSE: IBM) reported beat results for FQ3:16, Credit Suisse’s Kulbinder Garcha noted that the underlying profit strength was disappointing. Garcha reiterated an Underperform rating on the company with a price target of $110. Limited Improvement...
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4 Reasons Credit Suisse Is Bullish On iPhone Sales
Wednesday, October 12, 2016 - 9:15am | 409Credit Suisse’s Kulbinder Garcha believes news flows indicate that Apple Inc. (NASDAQ: AAPL) is likely to see a stronger-than-anticipated cycle for the iPhone 7. Garcha maintains an Outperform rating on the company with a price target of $150. Long-Term Positives “Given high retention...
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Credit Suisse's 'Below-Consensus' IBM Estimates
Wednesday, October 12, 2016 - 8:29am | 373International Business Machines Corp. (NYSE: IBM) is set to announce its third-quarter performance on October 17, and Credit Suisse sees earnings above consensus, while projecting revenue below Street view. The brokerage also warned that the company may miss the full year EPS outlook. Analyst...
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Credit Suisse Reiterates Underperform On BlackBerry Following Top-Line Miss
Thursday, September 29, 2016 - 10:33am | 397Credit Suisse's Kulbinder Garcha reiterated his Underperform rating and $6 price target on BlackBerry Ltd (NASDAQ: BBRY), citing difficult transition and is concerned about the quality of some of the software acquisitions. BlackBerry reported second-quarter revenue of $352 million, 11 percent lower...
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All The Recent iPhone 7 Comments In One Place
Saturday, September 24, 2016 - 5:50pm | 897With the seemingly lackluster release of Apple Inc. (NASDAQ: AAPL)'s iPhone 7 on September 13 and the negative commentary surrounding the lack of a 3.5mm headphone jack, many investors were unsure how the tech giant’s latest release and the retail sales following it would impact the stock...
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Credit Suisse Raises iPhone Estimates By 3%
Thursday, September 15, 2016 - 8:31am | 378A number of recent data points suggest that the iPhone 7 cycle could be better than expected, both in terms of mix and volume. Credit Suisse’s Kulbinder Garcha reiterated an Outperform rating on Apple Inc. (NASDAQ: AAPL), with a price target of $150. Estimates Raised The analyst also stated...
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Hewlett Packard Enterprise Investors Looking For Signs Of Stabilization
Thursday, September 1, 2016 - 9:38am | 478Credit Suisse maintains its Outperform rating and $25 target price on Hewlett Packard Enterprise Co (NYSE: HPE) even as investors are looking for evidence of stabilization. Further, the brokerage sees the company as potentially being worth $31 per share in the scenario of a complete breakup....
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Credit Suisse Says IBM Performance 'Divergent' Of Fundamentals
Thursday, September 1, 2016 - 8:14am | 342Credit Suisse’s Kulbinder Garcha pointed out that International Business Machines Corp. (NYSE: IBM) shares have appreciated 17 percent year-to-date, despite there being little signs of an inflection within the business. Garcha maintains an Underperform rating on the company with a price...
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Credit Suisse Keeps Apple's $150 Target Despite Expected Weak iPhone Launch
Wednesday, August 31, 2016 - 7:53am | 313Despite expectations of a weaker product cycle in the near term, Credit Suisse’s Kulbinder Garcha believes Apple Inc. (NASDAQ: AAPL) offers a favorable risk/reward profile. Garcha reiterated an Outperform rating on the company, with a $150 price target. “Given high retention rates...
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Credit Suisse Regains Confidence In Qualcomm, Raises Price Target To $70
Thursday, July 21, 2016 - 7:51am | 265QUALCOMM, Inc. (NASDAQ: QCOM) reported its F3Q16 results ahead of expectations and its guidance appears conservative, Credit Suisse’s Kulbinder Garcha said in a report. He maintained an Outperform rating on the company, while raising the price target from $67 to $70. Qualcomm reported its...
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Apple's Near-Term iPhone SE Strength Offsets 6s/6s Plus Weakness
Friday, July 15, 2016 - 7:32am | 311Apple Inc. (NASDAQ: AAPL) is scheduled to report its F3Q16 results on July 26. Credit Suisse’s Kulbinder Garcha maintained an Outperform rating on the company, with a price target of $150, saying Apple should be able to sustain “elevated levels” of earnings and FCF in the long...
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IBM Turnaround? Credit Suisse Gives 5 Reasons It Is Not Happening
Thursday, June 23, 2016 - 11:16am | 339Credit Suisse’s Kulbinder Garcha believes that despite the robust move in International Business Machines Corp. (NYSE: IBM)'s share price, there appears to be little evidence of an inflection at IBM. Garcha reiterated an Underperform rating on the company, with a price target of $110. Some...
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How Do App Store Ads Affect Apple Valuation?
Thursday, June 9, 2016 - 9:42am | 417The move by Apple Inc. (NASDAQ: AAPL) to revamp its App Store by introducing paid search ads and a new subscription model should boost gross profit, according to a note from Credit Suisse. Plans For App Store Ads "Apple plans to introduce a single paid ad at the top of search results in the App...
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Apple's Changing How App Creators Are Rewarded, And It Should Help Both Sides
Thursday, June 9, 2016 - 8:01am | 287Apple Inc. (NASDAQ: AAPL) has plans to revamp its App Store, introducing paid search ads, a new subscription model, and faster approvals. Credit Suisse’s Kulbinder Garcha reiterated an Outperform rating for the company, with a price target of $150. The analyst commented that the plans would...