VMware Gets Wary Support From Analysts on Third-Quarter Results

Several analysts gave guarded praise to VMware  (VMW) – Get Report Wednesday after the cloud-computing company beat Wall Street’s third-quarter earnings expectations .

Shares of the Palo Alto, Calif.-based company, which is a subsidiary of Dell Technologies  (DELL) – Get Report, were down 2.62% to $146.63 in pre-market trading.

VMware reported net income of $704 million, or $1.66 per share, up from $602 million, or $1.42 per share a year ago. FactSet’s consensus called for earnings of $1.44 per share.

The combination of subscription and Software as a Service (SaaS) and license revenue came to $1.32 billion, an increase of 10% from a year ago. 

“The star of the show was the bottom-line performance as tighter expense controls led to a massive beat,” wrote Wedbush analyst Daniel Ives, who maintains an outperform rating with a $175 price target, “which we believe is sustainable for the

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Top analysts say buy stocks like Amazon & Yelp

Jin Lee | Bloomberg | Getty Images

Out on Wall Street, stocks are taking a breather from this month’s rally. Despite encouraging updates on a potential coronavirus vaccine, disappointing unemployment data and a spike in coronavirus cases have spooked investors.

Not helping investor sentiment, New York City Mayor Bill de Blasio announced that schools would return to remote learning to mitigate the virus’ spread.

“The market has really been in a celebratory mode since Election Day and rode through it again last week. I think the idea now is people are beginning to consider taking some profits ahead of expectations that taxes related to capital gains could rise in 2021. I also think there’s the consideration of the transition in COVID to post-COVID… Even with the resurgence, all the vaccine news tells us [is] there is a post-COVID ahead,” Oppenheimer’s Chief Investment Strategist John Stoltzfus noted.

As plenty of question

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Analysts Top Value Stocks to Buy Include Biotech and Technology Blue Chip Giants

raisbeckfoto / Getty ImagesDuring the almost 11-year run of the bull market, and since the market lows that were posted in March, one thing has remained painfully obvious to long-time investors: value stocks, and indeed the entire group, have woefully underperformed growth. Value stocks are those that tend to trade at a lower price relative to their fundamentals (including dividends, earnings and sales). While the market has performed surprisingly well lately, with potential lockdowns due to the COVID-19 increase and to election uncertainty, it makes sense to look at portfolios and possibly make some adjustments for 2021.

Each week, Jefferies presents some of the top value ideas that the firm has. This week’s group is chock full of very well-known companies that, for a variety of reasons, have landed in value territory. All make sense for investors looking to stay in equities but nervous about the potential for market

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Salesforce could see slower growth in the future, analysts say

  • Salesforce may have growth problems on the horizon, according to Wall Street analysts from Morgan Stanley and UBS.
  • Morgan Stanley analysts cited slower billings growth this fiscal year and lower margins because of Salesforce’s recent massive acquisitions. 
  • UBS analysts, meanwhile, wrote in a note that Salesforce was suffering from a “lack of innovation” that could hinder its growth. 
  • Visit Business Insider’s homepage for more stories.

Salesforce may have growth problems on the horizon, according to Wall Street analysts from Morgan Stanley and UBS. Both firms cast a critical eye on the customer relationship management giant in notes to clients earlier this week.

Salesforce’s subscription model means that it doesn’t always feel the effects of slowing business right away, but Keith Weiss, a Morgan Stanley analyst, said there were signs a slump could be ahead: The company showed slowing billings growth — meaning the amount of money it is set to

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Apple’s new Macs could revive the PC chip wars, analysts say

SAN FRANCISCO (Reuters) – Apple Inc AAPL.O on Tuesday is expected to unveil new Mac computers using its own in-house processor chips, a move that could reignite a race to control the market for desktop and laptop chips and benefit players such as Qualcomm Inc QCOM.O.

FILE PHOTO: Flextronics International Apple factory employees work on Apple Mac Pro computer assembly in Austin, TX, U.S., November 20, 2019. REUTERS/Tom Brenner

The market has been dominated by Intel Corp INTC.O and Advanced Micro Devices Inc AMD.O since 2006, when Apple joined most other major computer makers in using chips based on Intel’s ‘x86’ computing architecture.

On Tuesday Apple is expected to start a two-year process of ending its nearly 15-year relationship with Intel by introducing Mac computers with Apple-designed chips based on computing architecture technology from Arm Ltd, which Nvidia Corp NVDA.O has agreed to buy from SoftBank Group Corp 9984.T

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Wall Street’s top analysts are betting on stocks like Qualcomm & Humana

While it’s now becoming clear Joe Biden will take the White House, investors are betting that Congress will be split, leaving President Trump’s corporate tax policy unchanged.



2011 Gain: $32.87 (60%) 2011 Closing price: $87.61 Last year, investors turned away from HMO stocks such as this, fearing the impact of a new health care overhaul rule involving medical-loss ratios. However, Humana showed it was able to manage the new regulation and in October delivered better-than-expected profits and a better-than-expected forecast for 2012. Stephen Weiss, partner at Short Hills Capital, “At eight times earnings, you’re owning a stock that’s still cheap and very, very defensiv


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2011 Gain: $32.87 (60%) 2011 Closing price: $87.61 Last year, investors turned away from HMO stocks such as this, fearing the impact of a new health care overhaul rule involving medical-loss ratios. However, Humana showed it was able to manage the new regulation and in October delivered better-than-expected profits and a better-than-expected forecast for 2012. Stephen Weiss, partner at Short Hills Capital, “At eight times earnings, you’re owning a stock that’s still cheap and very, very defensiv

“Up until about last week, the consensus belief was a full blue sweep — now that’s changing you’re seeing a repricing taking place in the market… a more status quo Senate may ease the burden of regulations on the tech sector,” Anna

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Here’s What Analysts Are Forecasting For DXC Technology Company (NYSE:DXC) After Its Second-Quarter Results

Last week saw the newest second-quarter earnings release from DXC Technology Company (NYSE:DXC), an important milestone in the company’s journey to build a stronger business. Revenues of US$4.6b beat expectations by a respectable 2.0%, although statutory losses per share increased. DXC Technology lost US$0.96, which was 388% more than what the analysts had included in their models. Earnings are an important time for investors, as they can track a company’s performance, look at what the analysts are forecasting for next year, and see if there’s been a change in sentiment towards the company. With this in mind, we’ve gathered the latest statutory forecasts to see what the analysts are expecting for next year. earnings-and-revenue-growthNYSE:DXC Earnings and Revenue Growth November 7th 2020

After the latest results, the consensus from DXC Technology’s nine analysts is for revenues of US$17.5b in 2021, which would reflect a noticeable 7.5% decline in sales compared to

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Square stock soars after earnings ‘beat by a mile,’ analysts applaud growth in Cash App

  • Square blew past analysts’ expectations for third-quarter earnings, sending the stock up double digits on Friday.
  • Citi, Cannacord Genuity, Needham, Mizuho and Susquehanna were among the Wall Street firms who increased price targets on Square following the beat.
  • Despite the stock’s run-up this year and “rather elevated investor expectations,” the company managed to “beat by a mile,” says Moffett Nathanson’s Lisa Ellis.



Jack Dorsey looking at the camera: Twitter and Square CEO Jack Dorsey speaks during a press event at CES 2019 on January 9, 2019 in Las Vegas, Nevada.


© Provided by CNBC
Twitter and Square CEO Jack Dorsey speaks during a press event at CES 2019 on January 9, 2019 in Las Vegas, Nevada.

Shares of Square surged 13% on Friday after blowing past Wall Street’s expectations for the quarter a day earlier.

The San Francisco-based payments company reported a 140% increase in net revenue to $3.03 billion in the third quarter. Adjusted earnings came in at 34 cents, more than double what analysts polled by Refinitiv expected.

The Square Cash app was a key driver

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Here’s What Analysts Think Will Happen Next

Eagle Materials Inc. (NYSE:EXP) shareholders are probably feeling a little disappointed, since its shares fell 6.6% to US$85.25 in the week after its latest quarterly results. It looks like a credible result overall – although revenues of US$448m were what the analysts expected, Eagle Materials surprised by delivering a (statutory) profit of US$2.31 per share, an impressive 29% above what was forecast. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there’s been a strong change in the company’s prospects, or if it’s business as usual. Readers will be glad to know we’ve aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Eagle Materials after the latest results.

Check out our latest analysis for Eagle Materials

earnings-and-revenue-growth

Taking into account the latest results, Eagle Materials’ seven analysts currently expect revenues in 2021

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Here’s What Analysts Are Forecasting Next

As you might know, Arrow Electronics, Inc. (NYSE:ARW) just kicked off its latest quarterly results with some very strong numbers. The company beat both earnings and revenue forecasts, with revenue of US$7.2b, some 7.4% above estimates, and statutory earnings per share (EPS) coming in at US$2.13, 38% ahead of expectations. This is an important time for investors, as they can track a company’s performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we’ve aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Arrow Electronics after the latest results.

View our latest analysis for Arrow Electronics

earnings-and-revenue-growth

After the latest results, the nine analysts covering Arrow Electronics are now predicting revenues of US$29.2b in 2021. If met, this would reflect a

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