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The Street Debates Alphabet's Q3: Buy The Dip Or Sell Into Weakness?
Friday, October 26, 2018 - 1:44pm | 848Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) reported Thursday its third-quarter results, which resulted in an immediate 5 percent sell-off. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts BMO Capital Markets' Daniel Salmon maintains a Market...
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Analysts React To Amazon's Mixed Earnings, Holiday Guidance
Friday, October 26, 2018 - 10:18am | 679Amazon.com, Inc. (NASDAQ: AMZN) reported third-quarter earnings Thursday, announced new product launches and adjusted its fourth-quarter guidance. Q3 EPS of $5.75 beat a $3.12 consensus estimate, while sales of $56.576 billion missed the consensus of $57.1 billion. Q4 sales guidance came in a...
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The Street Reacts To Netflix's Q3
Wednesday, October 17, 2018 - 11:16am | 908Streaming video platform Netflix, Inc. (NASDAQ: NFLX) reported Tuesday with third-quarter results that initially sent shares soaring higher by more than 10 percent. Here's how some of the Street's top analysts reacted to the print. The Analysts Bank of America's Nat...
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Canaccord Acknowledges Missing Square's Run, Upgrades To Buy
Friday, October 12, 2018 - 11:08am | 457Canaccord's neutral stance on Square Inc (NYSE: SQ), which dates back to the firm's initiation of coverage in early 2016, came to an end Friday. The Analyst Analyst Michael Graham upgraded Square from Hold to Buy with a price target lifted from $60 to $90. The Thesis Canaccord...
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Wall Street Weighs In On eBay's Q2 Earnings
Thursday, July 19, 2018 - 1:10pm | 676Investors punished eBay Inc (NASDAQ: EBAY) after its second-quarter earnings report and forward looking guidance disappointed many investors. Here's a summary of how five of the Street's top analysts reacted to the print. The Analysts Morgan Stanley's Brian Nowak maintains an...
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Wall Street's Reaction To Netflix's Q2 Earnings Report
Tuesday, July 17, 2018 - 1:48pm | 806Netflix, Inc. (NASDAQ: NFLX) reported its second-quarter results, in which subscriber net additions domestically and international fell short of expectations. The stock fell as much as 14 percent in early Tuesday trading. Here's a summary of how some of the Street's most notable analysts...
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Canaccord Analyst: Amazon Prime Day Is A Membership Play
Monday, July 16, 2018 - 4:05pm | 384Investors who assume Amazon.com, Inc. (NASDAQ: AMZN)'s annual Prime Day is merely intended to provide a revenue boost are mistaken, a Canaccord Genuity analyst said during a Monday cable TV interview. The Analyst Canaccord Genuity's Michael Graham was a guest on CNBC's "...
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The FANG's Q2: A Sell-Side Preview
Monday, July 16, 2018 - 1:17pm | 1075The large-cap tech powerhouses Facebook, Inc. (NASDAQ: FB), Amazon.com, Inc. (NASDAQ: AMZN), Netflix, Inc. (NASDAQ: NFLX) and Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) — collectively "FANG" — are getting a second look from the sell-side ahead of their second-...
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Here's What Wall Street Thinks About Alphabet's Q1 Earnings
Tuesday, April 24, 2018 - 1:33pm | 800Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) traded lower Wednesday after the company’s first-quarter earnings release. Despite a top- and bottom-line beat, shares of GOOGL were trading down about 4.8 percent at $1,022.50 at time of publication. Here’s an overview of what Wall Street...
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Wall Street Weighs In On Netflix Following Blowout Quarter
Tuesday, April 17, 2018 - 11:59am | 826Netflix, Inc. (NASDAQ: NFLX) blew Wall Street’s expectations out of the water Monday when it reported first-quarter subscriber growth of 7.41 million, well above consensus estimates. Earnings guidance also came in higher than expectations. As a result, Netflix traded around $334.56 late...
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Helios And Matheson Buys Moviefone; Canaccord Says Deal Will Drive MoviePass Subscriptions
Thursday, April 5, 2018 - 3:02pm | 394Helios and Matheson Analytics Inc (NASDAQ: HMNY) announced Thursday it acquired Moviefone from Verizon Communication Inc. (NYSE: VZ)’s Oath for about $8.6 million. The complete transaction involves $1 million in cash, about 2.6 million shares and warrants for 2.6 million additional shares...
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Canaccord Keeps The Faith In Facebook, Says Advertisers Will Follow Customers
Monday, March 26, 2018 - 3:17pm | 364As Facebook, Inc. (NASDAQ: FB)’s privacy concerns fuel sell-offs prompt a steep drop in the social media platform's share price, Cancaccord Genuity analysts see an attractive entry point. The Analyst Michael Graham of Canaccord Genuity reiterated a Buy rating and $240 price...
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Canaccord: Synacor's Exposure To AT&T Softened By Recurring Revenue Growth
Friday, March 16, 2018 - 4:15pm | 346A slowdown in AT&T Inc. (NYSE: T) engagement has lowered Synacor Inc. (NASDAQ: SYNC)'s revenue prospects, but new investments and growth in recurring revenue segments will limit the downside, according to Canaccord Genuity. The Analyst Michael Graham of Canaccord Genuity downgraded...
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Canaccord's Cryptocurrency Observations: Regulation, Bitcoin Patterns, Demand For Altcoins
Wednesday, February 21, 2018 - 8:28am | 442The first quarter of 2018 has been typically volatile for cryptocurrency investors. Unlike previous quarters, the volatility didn’t result in higher prices across the board. In its latest Cryptocurrency Quarterly report, Canaccord Genuity analyst Michael Graham said there were three key...
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Analyst: Amid Low Expectations, Investors Should Be Encouraged By Snap's Execution
Wednesday, February 7, 2018 - 2:37pm | 431Snap Inc (NYSE: SNAP) shares are surging after a surprise fourth quarter earnings beat that saw encouraging daily active user growth. Despite topping low expectations, one analyst says investors should be encouraged by Snap's execution. The Analyst Canaccord Genuity analyst Michael...