In late April 2017, Credit Suisse raised its rating for Cisco stock to “outperform” from “underperform,” which implies a double upgrade.
In the wake of the WannaCry attack, Cisco stock received an upgrade to “overweight” from “equal weight” by Morgan Stanley.
Shaul Eyal of Oppenheimer & Co. said the WannaCry attack could be “a wake-up call for many organizations and countries delaying a review of their cybersecurity hygiene.”
According to Avast, Russia, Ukraine, India (EPI), and Taiwan were hit the worst among the 150 countries that were affected by WannaCry ransomware.
On May 14, 2017, Microsoft highlighted in a blog the link between WannaCry and an exploit stolen from the NSA (National Security Agency) earlier this year.
The PureFunds ISE Cyber Security ETF (HACK) rose 3.3% on May 15, 2017, due to the WannaCry ransomware attack.
Over the past 15 days, WannaCry ransomware has been in the news. Some investors were rejoicing—specifically, investors in the cybersecurity sector.
Qualcomm (QCOM) is acquiring NXP Semiconductors (NXPI), which could expand the former’s exposure beyond communications and into automotive and security solutions.
Qualcomm is preparing for its biggest acquisition yet of NXP Semiconductors (NXPI) for $38 billion excluding debt. This move will change Qualcomm’s business model.
As of May 17, 2017, Colgate-Palmolive (CL) was trading at a 12-month forward PE ratio of 25.5x—up from its forward PE multiple of 24.1x on May 16.
Colgate-Palmolive’s (CL) sales are trending down. There was a stronger-than-expected sales decline in the US due to retailers reducing their inventory.
Colgate-Palmolive (CL) stock rose more than 7% on May 17, 2017, before closing at $75.69—up ~5.7% due to rumors that the company is for sale.
If Qualcomm (QCOM) succeeds in imposing a ban on the import of Apple’s (AAPL) iPhones to the United States, it will have a significant impact on Apple’s earnings.
Apple, Samsung, and Intel, along with regulators from several countries, have ganged up on Qualcomm (QCOM) to force the chip supplier to amend its age-old licensing practices.
Amid antitrust investigations by the United States, Europe, and South Korea, Qualcomm could face difficulty appealing to the ITC (International Trade Commission) to ban US iPhone imports.
In response to Apple’s action, Qualcomm cut its fiscal 3Q17 revenue guidance by $500 million, from $5.7 billion at the midpoint to $5.2 billion, representing a year-over-year fall of 13%.
Apple has acknowledged that Qualcomm should be paid for its SEP (standard essential patent), but it argues that the latter is charging an unreasonably high price for the license.
Qualcomm’s (QCOM) licensing model of charging royalty fees on the selling price of its end devices is being challenged by several regulators and some of its biggest customers.
T-Mobile (TMUS) mocked Verizon (VZ) for posting 1Q17 earnings that missed consensus expectations.
T-Mobile (TMUS) recently poured cold water on speculations that the company wanted to revisit merger discussions with Sprint (S) now that sentiments in Washington seem favorable for industry consolidation.