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Even If You Expect An iPhone 'Super Cycle', Has Apple Stock Just Gotten Too Expensive?
Friday, June 2, 2017 - 4:06pm | 383Very few analysts have anything but Buy ratings on Apple Inc. (NASDAQ: AAPL), but their optimism isn’t entirely unreserved. Heartened by in-house survey results indicating high iPhone 8 demand, Baird Equity Research analysts William Power and Charles Erlikh reiterated a Buy on the stock...
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With Media Trends Unlikely To Improve, Baird Downgrades Akamai
Friday, May 5, 2017 - 9:41am | 394Shares of Akamai Technologies, Inc. (NASDAQ: AKAM) were hard hit in reaction to the company reported its first-quarter report and guided its second-quarter outlook below expectations. Despite the decline, analysts at Baird Equity Research aren't recommending investors buy on the dip. In fact, Baird...
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T-Mobile: Market Share Gains Continue, Time To Talk M&A?
Tuesday, April 25, 2017 - 10:18am | 362T-Mobile US Inc (NASDAQ: TMUS)'s first-quarter earnings report showed that the wireless company continues to gain in size, begging the question: Will the company be bought out by a larger telecom, media or technology company? Baird's William Power commented in a research report on Tuesday that T-...
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GoPro Positioning For Profitability Via Cost-Cutting, But Baird Remains Underperform
Thursday, March 16, 2017 - 11:46am | 396Baird maintained its rating on GoPro Inc (NASDAQ: GPRO) despite company plans to cut 270 jobs, lower costs and expects to be profitable on an adjusted basis in 2017. “However, given ongoing TAM questions, Karma uncertainty and a heavily back-end loaded guide, we are maintaining our...
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Garmin Defies Market Sentiment With Across-The-Board Strength In Q4
Thursday, February 23, 2017 - 12:18pm | 348Garmin Ltd. (NASDAQ: GRMN) bucked the concerns in the wearables market by reporting a solid fourth-quarter results, which topped Street expectations as strength in its higher end, GPS-equipped devices helped offset weaker basic activity tracker sales. Quarterly Print Garmin reported...
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Fitbit U.S. Sales Down 28%; Can New Products Restore The Stock To Health?
Thursday, February 23, 2017 - 11:56am | 475Baird remains on the sidelines on Fitbit Inc (NYSE: FIT) after tepid fourth-quarter results, given uncertainties in product and cash flows. Print, In Review The wearable device maker reported lower-than-expected fourth quarter results. Following is gist of Fitbit's Q4 numbers: Fitbit reports...
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What Do Tesla, Netflix And Disney Have In Common? There's Talk Apple Could Buy Any One Of Them
Friday, February 10, 2017 - 1:19pm | 326Analysts have speculated for years about what Apple Inc. (NASDAQ: AAPL) could choose to do with its massive $246.1 billion cash balance. In a new report, Baird analyst William Power suggests some aggressive and surprising M&A opportunities that may actually be realistic for Apple. Power...
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GoPro's Q4; Was The New HERO A Zero?
Friday, February 3, 2017 - 3:18pm | 306William Power of Baird downgraded shares of GoPro Inc (NASDAQ: GPRO) after the company reported its fourth-quarter results on Thursday. According to Power, GoPro's earnings were roughly in line with what he had expected, but the company's first-quarter guidance was disappointing at a time when the...
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Here's How Wall Street Investors, Analysts Felt About Apple's Q1 Earnings
Thursday, February 2, 2017 - 10:32am | 671The strong first-quarter results made Apple Inc. (NASDAQ: AAPL) sweet again for investors, with several points to cheer — including return of iPhone growth and continued solid performance in the services unit. Apple reported 78.3 million in sales of iPhone units for the quarter ended December...
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Apple Stock Ripe For Picking As iPhone 8 Cycle Looms
Wednesday, February 1, 2017 - 10:59am | 251Apple Inc. (NASDAQ: AAPL) reported strong Q1 results, with revenue and EPS ahead of expectations. Investor focus will likely “shift almost entirely” to iPhone 8 and the stock seems “ripe for picking” ahead of the upcoming cycle, Baird’s William Power said in a...
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Fitbit's Q4 Was 'Ugly,' Guidance Was 'Weak'
Tuesday, January 31, 2017 - 9:48am | 332Fitbit Inc (NYSE: FIT) pre-announced much weaker than expected Q4 results, while issuing its 2017 guidance well below previous expectations, including a meaningful loss and negative free cash flow. Baird’s William Power maintained a Neutral rating on the company, while lowering the price...
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Your Primer For Apple's Q1 Earnings Report
Monday, January 30, 2017 - 3:23pm | 1369Apple Inc. (NASDAQ: AAPL), the goliath of the tech space, is set to release its fiscal first-quarter earnings report after the markets close on Tuesday. Sell-side sentiment is divided, with iPhone estimates forming the crux of their deductions, quite understandably, given the roughly two-thirds...
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Apple Q1 Earnings Preview: Still Poised To Ripen
Tuesday, January 24, 2017 - 9:58am | 311“We expect solid FQ1 results, and while we acknowledge moderate risk to the March and June quarters, we view shares as attractive in advance of the iPhone 8 cycle,” Baird’s William Power said in a note. The analyst maintained an Outperform rating on Apple Inc. (NASDAQ: AAPL),...
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Can GoPro Sustain Strong Holiday Sales Into 2017 After Karma Recall?
Tuesday, January 17, 2017 - 12:42pm | 303Baird prefers to remain sidelined on GoPro Inc (NASDAQ: GPRO), as it believes the recent Karma recall raises concerns over the sustainability of strong holiday sales levels into 2017. In September, GoPro released the highly anticipated Karma drone along with the HERO5 cameras. But, the product was...
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Subscriber Growth Woes Continue To Haunt Netflix; Company Could Be A Legitimate Target For Disney, Apple
Monday, October 3, 2016 - 10:55am | 313Shares of Netflix, Inc. (NASDAQ: NFLX) are up more than 4 percent Monday following weekend rumors of a possible Walt Disney Co (NYSE: DIS) buyout. However, the latest survey results from Baird indicate that Q3 could be another disappointing growth quarter for Netflix. According to analyst...