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Baird Analyst Says 'Don't Give Up' Yet On Gilead's Remdesivir
Friday, April 24, 2020 - 9:50am | 391Read More...Shares of Gilead Sciences, Inc. (NASDAQ: GILD) fell Thursday afternoon in reaction to a disappointing report on an early readout for its remdesivir therapy, but investors should not "give up on this drug," Baird analyst Brian Skorney said on CNBC's "Closing Bell." The...
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Baird Upgrades Netflix, Downgrades AT&T, Comcast As Pandemic Shifts Media Market
Monday, March 23, 2020 - 11:53am | 472Read More...The downturn in live sports — although temporary — along with growing consumer economic pressures could accelerate video cord-cutting, adversely impacting AT&T Inc. (NYSE: T) and Comcast Corporation (NASDAQ: CMCSA), while Netflix Inc (NASDAQ: NFLX) may be a ...
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How CrowdStrike Analysts Are Reacting To Cybersecurity Firm's Q4 Print
Friday, March 20, 2020 - 4:36pm | 468Read More...CrowdStrike Holdings, Inc. (NASDAQ: CRWD) reported a strong beat in its fourth-quarter earnings report Thursday. Here's how some analysts reacted to the earnings report. The CrowdStrike Analysts Credit Suisse’s Brad Zelnick maintained a Neutral rating with an unchanged $60 price...
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Baird Starts Coverage Of CyberArk Software On The Sidelines On Lower Market Spend
Thursday, March 19, 2020 - 3:15pm | 267Read More...Although CyberArk Software Ltd (NASDAQ: CYBR) is a leader in the privileged access management (PAM) space and enjoys a strong market reputation, PAM spend remains low versus other areas of security and the company’s success depends on the market’s overall spend, according to Baird. The...
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PagerDuty Aims For Growth Despite Uncertainty, Analysts Say After Q4 Report
Thursday, March 19, 2020 - 12:04pm | 387Read More...PagerDuty Inc (NYSE: PD) reported fourth-quarter results Wednesday that were broadly in-line with expectations. The company posted 37% year-on-year revenue growth in the quarter and guided to 28% revenue growth in fiscal 2021. The PagerDuty Analysts Baird’s Robert Oliver maintained an...
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FedEx Analysts Say Investors Need To Wait And See What's Next After Guidance Withdrawal
Wednesday, March 18, 2020 - 4:08pm | 875Read More...Global delivery giant FedEx Corporation (NYSE: FDX) reported third-quarter results Tuesday and withdrew its guidance for the full year. Here's how some of the Street's top analysts reacted to the announcement. The FedEx Analysts Morgan Stanley analyst Ravi Shanker maintained an...
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Aramark's Stock Continues To Plummet On Sports Arena And Campus Closures
Tuesday, March 17, 2020 - 2:54pm | 495Read More...Shares of one of the largest stadium and campus food vending companies continued to plummet on Tuesday despite assurances it can weather the coronavirus shutdown that's closed off many venues where it would normally sell food. Aramark (NYSE: ARMK) shares are off more than 50% since the...
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13 Financial Pros React To Emergency Interest Rate Cut: More Stimulus Needed?
Monday, March 16, 2020 - 1:18pm | 1304Read More...On Sunday, the Federal Reserve issued its second emergency interest rate cut of March, slashing its fed funds target range by 1% to between 0% and 0.25%. In addition to the rate cut, the Fed announced a new $700 billion quantitative easing program. On Monday morning, the Federal Reserve said it...
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How Close Are Biotechs To Bringing A COVID-19 Treatment To Market?
Tuesday, March 10, 2020 - 5:24pm | 1672Read More...The COVID-19 virus has sent the market and the global economy into a tailspin. The Organisation for Economic Co-operation and Development slashed its global growth forecast for 2020 Monday by 0.5 points to 2.5% versus already-weak 2.9% growth in 2019. Global banks have begun talking up the...
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Wall Street Weighs Starbucks Coronavirus Guidance Update: 'A Little Good, A Little Bad'
Friday, March 6, 2020 - 3:54pm | 867Read More...Starbucks Corporation (NASDAQ: SBUX) provided its investors with an update on its business Thursday in the wake of the global coronavirus outbreak, and the picture wasn’t pretty. Starbucks said it is expecting a 50% drop in China revenue in the first quarter due to the outbreak. Temporary...
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Splunk Analysts Bullish Despite Investor Pullback Following Q4 Print
Thursday, March 5, 2020 - 12:15pm | 940Read More...Data analytics company Splunk Inc (NASDAQ: SPLK) reported a disappointing fourth-quarter bottom-line result Wednesday and issued a weak revenue forecast for the first quarter and fiscal year 2021, sending shares lower. The Splunk Analysts Wells Fargo analyst Philip Winslow reiterated an...
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Street Remains Bullish On Visa Following Coronavirus Guidance Cut
Tuesday, March 3, 2020 - 12:40pm | 556Read More...Visa Inc (NYSE: V) shares traded slightly lower Tuesday after the company said Monday afternoon that it expects to take between a 2.5% and 3.5% revenue hit from the coronavirus in the fiscal second quarter. The filing comes after payments competitors Mastercard Inc (NYSE: MA) and Paypal Holdings...
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Should You Buy The Dip In Cisco?
Thursday, February 13, 2020 - 4:55pm | 694Read More...Cisco Systems, Inc. (NASDAQ: CSCO) reported better-than-expected fiscal second-quarter results that were overshadowed by a weak outlook. As the stock trades lower, Wall Street analysts were quick to weigh in if investors should buy the dip or not. BofA: In-Line With 'Weak' Expectations...
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5 Analysts Raise Shopify Price Targets After Strong Quarter
Thursday, February 13, 2020 - 1:10pm | 764Read More...Shopify Inc (NYSE: SHOP) surged after beating fourth-quarter estimates in gross merchandise volume (GMV), subscription revenue, merchant services revenue, and operating income. The company’s 47% total revenue growth represented its first quarter-over-quarter acceleration since 2013, while the...
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The Canada Goose Story Isn't Broken, But There Is Elevated Risk
Monday, February 10, 2020 - 5:45pm | 554Read More...Canada Goose Holdings Inc (NYSE: GOOS) reported Friday fiscal third-quarter results, which prompted one analyst to turn bullish while another felt it prudent to move to the sidelines. The (NYSE: GOOS) Analyst Baird Equity analyst Jonathan Komp upgraded Canada Goose from Neutral to Outperform with...
