RECENT Tech, Media, and Telecom RESEARCH
In this series, we’ll take a look at Sprint’s outlook and capex.
A solid demand environment helped NetApp (NTAP) to report quarterly results that met or beat both internal and external performance expectations.
Qualcomm (QCOM) recently turned down Broadcom’s (AVGO) proposed takeover offer (including net debt) of $130 billion, as Qualcomm considered the deal unfavorable.
Twitter (TWTR) reported that it finished 3Q17 with an average of 330.0 million MAUs (monthly active users). TWTR’s daily audience grew 14% year-over-year in 3Q17.
The US-based (SPY) Hewlett Packard Enterprise (HPE) announced its fiscal 4Q17 results on November 21 and reported revenue of $7.8 billion for the quarter, which ended in October 2017.
In fiscal 3Q17, IBM reported revenues and non-GAAP earnings per share of ~$19.2 billion and $3.30, respectively. These metrics beat analysts’ expectations by $550.0 million and $0.02, respectively.
Recently, The Walt Disney Company (DIS) reported its financial results for fiscal 4Q17.
Intel (INTC), which was regarded by Jeffries as the biggest loser of the fourth technology transition, now appears to be turning the tables and catching up.
Frontier Communications (FTR) reported revenues of $2.3 billion in 3Q17, down 10.7% year-over-year but in line with the consensus estimate.
T-Mobile (TMUS) once again led the US wireless sector in YoY (year-over-year) service revenue percentage growth in 3Q17.
The $85.4 billion merger between AT&T (T) and Time Warner (TWX) has reached a roadblock. President Trump hinted that the Department of Justice could file a lawsuit to block the deal if AT&T doesn’t agree to several conditions.
The consumer tech (QQQ) stock GoPro (GPRO) has fallen 22.3% since the start of November 2017 to close at $8.29. GoPro is now trading 16% over its 52-week high of $7.14 and 30% below its 52-week high of $11.89.
Advertising has traditionally been Facebook’s (FB) primary source of revenue. The company relied more on advertising in 3Q17 than it did in 3Q16.
IBM’s Cloud Private software platform is the company’s tailored hybrid cloud offering aimed at strengthening IBM’s performance in this space.
In just one week, Qualcomm’s board rejected Broadcom’s $70-per-share offer on the grounds that it undervalued the stock and brought regulatory uncertainty.
Amazon’s (AMZN) sales from its overseas markets are increasing and in 3Q17, this increase accelerated compared to 2Q17 and 3Q16.
Cypress Semiconductor (CY) reported record revenues in 3Q17, supported by expanding bill-of-material coverage. Its IoT wireless connectivity grew 80% year-over-year in 3Q17.
If HP (HPQ) meets analysts’ average revenue estimate of ~$13.3 billion, it would mean a YoY (year-over-year) rise of 6.5% compared to revenues of ~$12.5 billion in 4Q16.
During its 3Q17 earnings call, AT&T’s management forecast free cash flow and capital expenditures of ~$18.0 billion and ~$22.0 billion, respectively, in 2017.
T-Mobile keeps provoking the wireless telecom market with innovative service plans and new subscriber benefits—rather than just competing on prices.