Weekly Winners and Losers: Helped and Hurt by e-Commerce
Is Bed Bath & Beyond (BBY) another Amazon (AMZN) victim? We’re seeing e-commerce cannibalization at least. The stock fell 15% and continued to drift lower.
On September 20, 2017, Frontier’s stock was trading at $12.00.
Analysts’ consensus for Frontier’s 12-month target price is $19.48, which means a potential return of 62% from the closing price of $12.00 as of September 20, 2017.
As of September 20, 2017, AT&T (T) was the largest US telecom carrier by market capitalization.
Frontier (FTR) continues to invest in capital expenditures (or capex) to enhance its network.
As Frontier offered faster speeds and new offers, the company’s broadband net additions improved sequentially in the California, Texas, and Florida (or CTF) markets during 2Q17.
Frontier (FTR) believes that its video services could act as a growth driver in the near future.
During the Goldman Sachs Communacopia Conference on September 12, 2017, Perley McBride, Frontier’s chief financial officer, discussed the company’s full-year 2017 guidance.
NetApp (NTAP) has generated returns of 17.3% since the start of 2017 and 19.2% in the trailing-12-month period.
NetApp currently has a dividend yield of 1.9%, or $0.20, which indicates an annualized dividend payout of $0.80.
NetApp’s (NTAP) non-GAAP gross margins rose to 63.8% in fiscal 1Q18 from 62.4% in fiscal 1Q17.
NetApp (NTAP) announced that it has recently acquired private startup firm GreenQloud, which provides a cloud services orchestration and management platform for hybrid cloud environments.
NetApp’s (NTAP) All-Flash Array business rose 95% year-over-year to an annualized run rate of $1.5 billion.
NetApp has expanded its strategic partnership with Microsoft Azure and has introduced hybrid cloud software solutions.
Wells Fargo maintained its “market perform” rating for NetApp and has a 12-month price target of $40, which is an increase of $1.00 from the earlier target of $39.00.
NetApp has beaten its EPS (earnings per share) estimates in the last four consecutive quarters.
NetApp (NTAP) stock has fallen more than 1.5% since it announced its fiscal 1Q18 results on August 16. NetApp is trading 37.0% above its 52-week low of $30.36 and 7.8% below its 52-week high of $45.24.
BlackBerry (BBRY) has returned 11.3% in the trailing-one-month period and 22% in the trailing-12-month period.
BlackBerry’s (BBRY) revenues from its Software and Services segment rose from $166 million in fiscal 1Q17 to $169 million in 1Q18.
Analysts have estimated that BlackBerry’s revenues will fall 33.2% YoY in fiscal 2018 to $917.87 million, compared with ~$1.4 billion in fiscal 2017.