Stanley Kovler

Fitbit Inc (NYSE: FIT) said it lost 2 cents per share on revenue of $570.8 million. Both of these metrics fell short of expectations, which sent shares to a new all-time low and at least one Wall Street analyst sees further downside ahead. The Analyst Citi's Stanley Kovler maintains a...

After Fitbit Inc (NYSE: FIT)'s not-so-disappointing Q3 report but lowered guidance for Q4 and beyond, the market reacted. Shares were trading down nearly 30 percent mid-day Thursday with little or no bounce back after hitting $9 per share. Morgan Stanley Research: Downgraded to Equal Weight...

Fitbit Inc (NYSE: FIT) witnessed a sequential decline in new user take rates in Q3. This suggests slowing unit growth, and recovery seems likely to be “pushed out to the 2017 holiday season,” Citi’s Stanley Kovler said in a report. He downgraded the rating on the company from...

Infinera Corp. (NASDAQ: INFN) earnings have provided a positive surprise between 5.0 percent and 29.4 percent in the last four quarters. Its most recent quarter's EPS topped by $0.03, or 16.7 percent. However, that did not deter Citi from downgrading the stock from Neutral to Sell and slashing the...

Fitbit Inc. (NYSE: FIT) may be poised to deliver a strong quarter in Q2, but investors should expect the Brexit vote to take some of the wind out of the stock’s sails. According to Citi analyst Stanley Kovler, the company’s long-term positive momentum will remain intact. Citi is calling...

Motorola Solutions Inc (NYSE: MSI) holds a leading position in the $9 billion a year Land Mobile Radio (LMR) market, with 60-70 percent share. Citi’s Stanley Kovler initiated coverage of the company with a Neutral rating and price target of $73. Leading Position Kovler mentioned...

Citi’s Stanley Kovler mentioned that Fitbit Inc’s (NYSE: FIT) first Captivate Conference of 2016 focused on driving the adoption of corporate wellness. The analyst maintains a Buy rating on the company, with a price target of $30. Corporate Wellness “Although Fitbit has 70 Fortune...

On May 27, Brocade Communications Systems, Inc. (NASDAQ: BRCD) announced that it had completed the acquisition of Ruckus Wireless Inc (NYSE: RKUS). Citi’s Stanley Kovler maintains a Neutral rating on the company, with a price target of $8.50. Deal Price Brocade Communications paid $6.45 in...

Following Fitbit Inc (NYSE: FIT)'s beat on 1Q earnings release, the shares are down 12 percent, driven by the 2Q EPS guidance implying more back-end loaded seasonality. Citi’s Stanley Kovler reiterated a Buy rating on the company, with a price target of $30. Kovler mentioned that the 1Q EPS...

Seagate Technology PLC (NASDAQ: STX) reported “expectedly weak” results for F3Q16, while guiding to a revenue decline for F4Q. Citi’s Stanley Kovler maintains a Sell rating on the company, while lowering the price target from $22 to $18. Disappointing Guidance Kovler mentioned the...

Citi’s Stanley Kovler believes that Fitbit Inc (NYSE: FIT) is a “relatively inexpensive” option to play “Out of Favor Tech,” with the share price having plunged over the past three to six months. The analyst reiterated a Buy rating on Fitbit, with a price target of $...