Jefferies Maintained Hold Rating on Apple (AAPL) Following 3Q Beat

UBS Maintains Bullish Views on Apple (AAPL) Following 3Q15

July 22, 2015 10:36 AM EDT

UBS reiterated a Buy rating and $150.00 price target on Apple (NASDAQ: AAPL) following 3Q15. Analyst Steven Milunovich said that apart from a soft iPhone number of 47.5mn, APPL's quarter and outlook met consensus expectations. However, it is unclear if Sep guidance includes... More

Apple (AAPL) China Growth Story Remains Intact, FBR Capital; PT Trimmed to $175

July 22, 2015 9:06 AM EDT

FBR Capital analyst Daniel Ives trimmed his price target on Apple (NASDAQ: AAPL) to $175.00 (from $185.00) following results but maintained an Outperform rating. While not the number bulls were looking for the analyst said the China growth story remains intact.

Ives commented, "Last night, Apple delivered headline numbers modestly beating the Street but softer than bullish Street expectations on the heels of an in-line iPhone number. As Apple has become... More

Apple (AAPL) Shares Will be 'Challenged' as Results Fall Short of High Expectations - Deutsche Bank

July 22, 2015 8:58 AM EDT

Deutsche Bank maintained a Hold rating on Apple (NASDAQ: AAPL) with a price target of $125. Analyst Sherri Scribner commented on the stock following the release of Apple's Q3 results, noting difficultly the company is having meeting high Street expectations. Scribner also pointed out ongoing concerns about peaking smartphone market share.

"AAPL's F3Q-15 revenue, EPS, and GMs were above Street... More

Apple (AAPL) PT Trimmed to $155 at Canaccord Genuity; Calls Results 'Solid'

July 22, 2015 8:46 AM EDT

Canaccord Genuity analyst T. Michael Walkley trimmed his price target on Apple (NASDAQ: AAPL) to $155.00 (from $160.00) following results but maintained a Buy rating calling the results 'solid'.

Walkley commented, "ple reported strong Q3/F15 results above our and consensus estimates. We believe the slightly lower than anticipated iPhone unit sales reported in the June quarter and implied in the September quarter guidance were primarily due to Apple lowering... More

Apple (AAPL) Value 'Fair' Despite Miss, Deutsche Bank Says

July 22, 2015 8:43 AM EDT

Deutsche Bank analyst Sherri Scribner reiterated a Hold rating and $125 price target on Apple (NASDAQ: AAPL) following Q3 results. The analyst noted it is getting hard to beat the bulls but said the valuation is fair despite the miss.

Scribner commented, "below investor... More

Piper Jaffray's Munster Actually Raised His Price Target on Apple (AAPL) Post Q3

July 22, 2015 7:30 AM EDT

While investors are out selling shares of Apple (NASDAQ: AAPL) to the tune of -6% following Q3 results, Piper Jaffray analyst Gene Munster is out singing a different tune and actually raised his price target to $172.00 (from $162.00) following the results.

Munster commented,... More

Apple (AAPL) Has Limited Downside, Says Pacific Crest

July 22, 2015 7:20 AM EDT

Pacific Crest maintained a Sector Weight rating on Apple (NASDAQ: AAPL) with a price target of $139. Shares declined after Apple reported disappointing Q3 results. In the view of analyst Andy Hargreaves, downside in the stock is limited.

"We see the risk/reward on AAPL as slightly positive. The stock may lack nearterm catalysts as investors digest the potential for iPhone units to decline... More

Apple (AAPL) Q3 Results 'Very Good' Versus 'Great' Expectations, BMO Capital Says

July 22, 2015 6:48 AM EDT

BMO Capital analyst Keith Bachman reiterated an Outperform rating and $145 price target on Apple (NASDAQ: AAPL) following what they called "very good results" against high expectations. Bachman. They believe that buy-side expectations for iPhones were 50-52 million. The firm's published iPhone estimate for... More

Brean Capital Maintains Bullish View on Apple (AAPL) Post Q3; Street Numbers Materially Low Through ’17

July 22, 2015 6:34 AM EDT

Brean Capital analyst Ananda Baruah reiterated a Buy rating and $170 price target on Apple (NASDAQ: AAPL) following Q3 results, saying Apple should continue driving EPS upside despite softer than anticipated phones.

Baruah commented, "We reiterate our Buy rating and $170 TP (40% implied appreciation) as we continue to believe that Street numbers are materially low... More

Apple (AAPL) Results 'Solid', Susquehanna Says

July 22, 2015 6:27 AM EDT

Susquehanna analyst Chris Caso maintained a Positive rating and $155 price target on Apple (NASDAQ: AAPL), calling last night's report "solid" despite the 7% sell-off in the stock.

Caso commented, "AAPL reported what we consider to be a solid report, though some elements were below the more bullish estimates (ours included). Although there are many moving parts... More

Cowen Downgrades Apple (AAPL) to Market Perform; Indications of Reset in China Mounting

July 22, 2015 6:20 AM EDT

Cowen and Company is downgrading Apple (Nasdaq: AAPL) from Outperform to Market Perform and moves its price target from $140 to $130 following Q3 results and guidance issued Tuesday night.

Analyst Tim Arcuri noted that iPhone sales were light even when taking account channel inventory. The analyst sees widespread demand reset in China mounting.

Arcuri continued,... More

Market Wrap: Apple Hit on Light Q3 iPhone, Watch Numbers; Tesla Dips Following Downgrade; LifeLock Slammed on FTC Allegations

July 21, 2015 5:33 PM EDT

Market wrap for July 21st

End of the Day: S&P 500 down 9.1 to 2,119.21; Dow Jones down 181.1 to 17,919.29; Nasdaq down 10.7 to 5,208.12

Market Brief: Markets saw downside Tuesday following a moderate run higher the last few sessions. The Dow Jones Industrial Average was weighed down by United Technologies and IBM following the two companies' quarterly reports.

Apple was hit in after-hours trading amid solid Q3 numbers as iPhone and Apple Watch sales failed to live up to muster.

Tesla saw a pullback today as... More

After-Hours Stock Movers 07/21: (ISRG) (NUAN) (GPRO) Higher; (ILMN) (EXEL) (AAPL) Lower (more...)

July 21, 2015 5:31 PM EDT

Intuitive Surgical (NASDAQ: ISRG) 13.3% HIGHER; reported Q2 EPS of $4.57, $0.59 better than the analyst estimate of $3.98. Revenue for the quarter came in at $586.1 million versus the consensus estimate of $566.86 million.

Illumina (NASDAQ: ILMN) 11.6% LOWER; reported Q2 EPS of $0.80, $0.03 better than the analyst estimate of $0.77. Revenue for the quarter came in at $539 million versus the consensus estimate of $541.77 million. Illumina sees FY2015 EPS of $3.39-$3.45, versus the consensus of $3.44.

Exelixis, Inc. (Nasdaq:... More

Apple (AAPL) Apple's smartwatch beat internal expectations: CFO

July 21, 2015 4:59 PM EDT

SAN FRANCISCO (Reuters) - Sales of Apple Inc's (NASDAQ: AAPL) smartwatch have exceeded internal expectations since the device's April launch, Chief Financial Officer Luca Maestri told Reuters in an interview on Tuesday.

He also said a strong dollar has created challenges for... More

Apple (AAPL) Declares $0.52 Quarterly Dividend; 1.6% Yield

July 21, 2015 4:55 PM EDT

Apple (NASDAQ: AAPL) declared a quarterly dividend of $0.52 per share, or $2.08 annualized.

The dividend will be payable on August 13, 2015, to stockholders of record on August 10, 2015, with an ex-dividend date of August 6, 2015.

The annual yield on the dividend is 1.6 percent.

For a... More

Apple (AAPL) Suppliers Decline as Shares Plunge Post-Earnings

July 21, 2015 4:51 PM EDT

Apple (NASDAQ: AAPL) suppliers declined post-market after the tech giant reported Q3 results that failed to impress.

Related names include:

Avago Tech (NASDAQ: AVGO)Broadcom (NASDAQ: BRCM)Cirrus Logic, Inc. (NASDAQ: CRUS)InvenSense (NYSE: INVN)Qualcomm (NASDAQ: QCOM)NXP Semiconductors (NASDAQ: NXPI)
... More

Apple (AAPL) Slammed on Ho-Hum Q3 EPS, Weaker iPhone and Watch Sales

July 21, 2015 4:42 PM EDT

iPhone giant Apple (NASDAQ: AAPL) is immediately trading off 7% after-hours Tuesday following third quarter results that were relatively in-line with Street estimates and iPhone and Watch units that missed the Street. The report did little to quell fears... More

Apple (AAPL) Slammed 7% as iPhone and Watch Miss

July 21, 2015 4:36 PM EDT

Apple (NASDAQ: AAPL) is trading down 7% following an essentially in-line third quarter and lower-than-expected iPhone and Watch units.

... More

Apple (AAPL) Tops Q3 EPS by 4c

July 21, 2015 4:30 PM EDT

(Updated - July 21, 2015 4:33 PM EDT)

Apple (NASDAQ: AAPL) reported Q3 EPS of $1.85, $0.04 better than the analyst estimate of $1.81. Revenue for the quarter came in at $49.6 billion versus the consensus estimate of $49.31 billion.

Gross margin was 39.7 percent compared to 39.4 percent in the year-ago quarter.

International sales accounted for 64 percent of the quarters... More

All Eyes on Apple (AAPL) Into Q3 Earnings Report; iPhone, China, Apple Watch in Focus

July 21, 2015 1:59 PM EDT

All eyes will be on Apple (NASDAQ: AAPL) tonight as the company reports its third quarter earnings. Analysts on average are looking for EPS of $1.81 on revenues of $49.31 billion, representing growth of 41% and 32% from the same quarter last year, respectively.

Based on data at... More

Apple (AAPL) Services Resume Following Earler Disruption - CNBC

July 21, 2015 1:48 PM EDT

Apple (NASDAQ: AAPL) Services Resume Following Earler Disruption - CNBC

UPDATE: Apple says services resumed after earlier disruptions to iTunes, App Store, Apple Music and other services http://t.co/zP2NbRcEPC

CNBC Now (@CNBCnow) July 21, 2015

... More

Apple (AAPL) says some services are experiencing issues including App Store, iTunes Store - CNBC

July 21, 2015 11:37 AM EDT

Apple (NASDAQ: AAPL) says some services are experiencing issues including App Store, iTunes Store - CNBC

... More

Apple (AAPL) Hires Another Auto Exec as Rumors Abound

July 21, 2015 9:27 AM EDT

Speculation that Apple (Nasdaq: AAPL) might be making stronger moves within the auto industry is being bolstered by the latest company news.

According to market reports, Apple tapped Doug Betts, who led global quality at Fiat Chrysler Automobiles NV until last year.... More

Wall Street lower after weak results from IBM, United Tech

July 21, 2015 9:07 AM EDT

(Updated 11:43am) By Tanya Agrawal

(Reuters) - Wall Street was lower in late morning trading on Tuesday as weak revenue at IBM and United Technologies weighed on the Dow and the S&P 500 and investors awaited results from tech giants including Apple and Microsoft.

IBM's shares fell as much as 5.5 percent to $163.69, a day after the company's revenue fell for the 13th consecutive quarter.

United Technologies fell as much as 7.9 percent to $101.78 and was the biggest loser on the Dow, after the company cut its full-year profit outlook.

"We remain cautious regarding earnings... More

Verizon (VZ) Smartphone Activations Up 14%, Positive for Apple (AAPL) - Stifel

July 21, 2015 8:56 AM EDT

Stifel analyst Aaron Rakers weighed in on Apple (NASDAQ: AAPL) following Verizon's (NYSE: VZ) results this morning, with smartphone activation up 14% year-over-year and Edge uptake continuing.

"While Verizons press release / presentation again does not specifically disclose its... More

Huawei's H1 smartphone revenue doubled in China

July 21, 2015 8:12 AM EDT

By Yimou Lee and Gerry Shih

HONG KONG/BEIJING (Reuters) - Huawei Technologies Co Ltd doubled its China smartphone revenue in the first half of this year, defying a slowdown in the world's biggest handset market that is enveloping rivals Xiaomi Inc. and Samsung Electronics Co Ltd.

The fourth-largest smartphone maker globally missed shipment targets for two years, but a focus shift to high-margin premium models has brought into range its goal of moving 33 percent more handsets than 2014, said a person with knowledge of the matter.

The turnaround comes almost three years after Shenzhen-based Huawei decided... More

Apple (AAPL) Gains One PayPal-Equivalent of Market Cap Over Last Week

July 20, 2015 3:47 PM EDT

While PayPal (Nasdaq: PYPL) sporting a market valuation around $50 billion following its spinoff from eBay is impressive, the recent gains... More

Trading Radar for 7/21: Apple (AAPL), GoPro (GPRO), SAP AG (SAP), Travelers (TRV), Chipotle (CMG),

July 20, 2015 2:11 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Earnings:

Allegheny Technologies (NYSE: ATI) - consensus EPS $0.04
Asbury Automotive Group (NYSE: ABG) - consensus EPS $1.43
Astec Industries (Nasdaq: ASTE) - consensus EPS $0.69
Badger Meter (NYSE: BMI) - consensus EPS $0.73
Baker Hughes (NYSE: BHI) - consensus loss $0.09
Bank of New York (NYSE:... More

Streetinsider.com's Hot Lunchtime Reads 7/20: (AAPL) (BUD) (TSLA) (BMY)

July 20, 2015 12:10 PM EDT

The following is a list of notable articles to help get you through the lunch hour:Apple Watch Sees Strong Initial Customer Satisfaction Rating (AAPL) ->... More

Apple Watch Sees Strong Initial Customer Satisfaction Rating (AAPL)

July 20, 2015 11:41 AM EDT

Apple (NASDAQ: AAPL) smartwatch data-tracking site Wristly reported results from its Customer Satisfaction Survey last weekend. The website said the following:

"We are thrilled to publish Wristlys first Apple Watch Customer... More

PayPal valued at about $50 billion ahead of market debut

July 20, 2015 9:38 AM EDT

By Devika Krishna Kumar and Mari Saito

(Reuters) - PayPal Holdings Inc (Nasdaq: PYPL) shares rose 5.9 percent in premarket trading, ahead of their highly anticipated return to the Nasdaq, valuing the company at about $50 billion.

PayPal, spun off from eBay Inc (Nasdaq: EBAY), is widely expected to build partnerships with e-commerce rivals and try to seize market share from startups such as Stripe and Square and technology behemoth Apple Inc (Nasdaq: AAPL), which unveiled its own mobile payments... More

Cowen Sees Upward Bias to Apple (AAPL) Q3 Ests Amid China Demand Concerns

July 20, 2015 9:16 AM EDT

Cowen and Company affirms Apple (Nasdaq: AAPL) with an Outperform rating and $140 price target ahead of the company's Q3 report, which is expected out after markets close Tuesday.

Analyst Timothy Arcuri is looking for Apple to post Q3 EPS of $1.88 with revenue of $51.0 billion, but sees the potential for upside to those... More

Apple (AAPL) Said to Lease Space in Seattle Tower - Bloomberg

July 20, 2015 9:13 AM EDT

Apple (NASDAQ: AAPL) said to lease 30,000 square feet at Seattle's Two Union Square, according to Bloomberg.

... More

Analyst Expects Robust Apple (AAPL) iPhone Sales in CQ2; Apple Watch Demand Seen as 'Tepid'

July 20, 2015 7:24 AM EDT

Apple (Nasdaq: AAPL) is active Monday following analyst commentary issued last weekend.

AppleInsider said that KGI analyst Ming-Chi Kuo is... More