Apple, Inc. (AAPL) Tops Q2 EPS by $1.44; Announces 7-for-1 Stock Split
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Apple (AAPL) Could Benefit from Rising Phone Upgrade Rates, Says BTIG
April 24, 2014 11:45 AM EDTApple (NASDAQ: AAPL) could benefit from rising phone upgrade rates, said BTIG analyst Walter Piecyk.
"Apple's earnings beat and solid guidance was driven by iPhone upside that the company claims was geographically broadly based. This should be enough to mitigate the near term concerns of investors that are interested in investing ahead of the new products that Tim Cook has... More
Apple (AAPL) a Shoe-In for the Dow Amid Stock Split
April 24, 2014 10:26 AM EDTAmid news that Apple, Inc. (NASDAQ: AAPL) will splits its stock 7-for-1 speculation has ensued that the company will finally be tapped to join the Dow Jones Industrial Average.
Because the Dow is a price-weighed average, having a nearly $600 stock in the Dow was not feasible. With the stock split effectively moving the price below $100 per share, an addition to the Dow is now easily possible.... More
Apple (AAPL) Estimates, PT Lifted at Canaccord Genuity Post Q2
April 24, 2014 8:58 AM EDTCanaccord Genuity analyst Michael Walkley reiterated a Buy rating and boosted his price target on Apple (NASDAQ: AAPL) from $600 to $610 following strong Q2 results.
Walkley said With stronger iPhone sales than anticipated due to share gains in China and other emerging markets... More
Deutsche Bank Comments on Apple's (AAPL) Q2
April 24, 2014 8:37 AM EDTDeutsche Bank maintained a Buy rating on Apple (NASDAQ: AAPL) with a price target of $650.00. Comments follow Q2 results.
Analyst Sherri Scribner said, "iPhone unit sales were a positive surprise this Q, as AAPL benefit from growth... More
Apple (AAPL) PT, Estimates Raised at Nomura; 'Neutral' Maintained
April 24, 2014 8:02 AM EDTNomura Securities analyst Stuart Jeffrey boosted his price target on Apple (NASDAQ: AAPL) from $545 to $574 following Q2 results but maintains a Neutral rating.
Jeffrey comments, "iPhone sales proved surprisingly robust in Q2, driving better-than-expected revenues and gross margins. Management leveraged the good... More
CLSA Upgrades Apple (AAPL) to Buy
April 24, 2014 7:52 AM EDTCLSA upgraded Apple (NASDAQ: AAPL) from Outperform to Buy with a price target of $695.
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $524.75 yesterday.
... MoreApple (AAPL) iPhone Business Healthy Into Major Product Refresh - Piper Jaffray
April 24, 2014 7:27 AM EDTPiper Jaffray analyst Gene Munster reiterated his Overweight rating and $640 price target on Apple (NASDAQ: AAPL) following Q2 results saying iPhone growth reassures that business is largely healthy into cycle.
Munster comments, "We continue to recommend owning AAPL into new products... More
Apple (AAPL) Price Target Raised to $620 at Goldman Sachs; Analyst Notes Strength in Platform
April 24, 2014 6:53 AM EDTGoldman Sachs maintained a Buy rating on Apple (NASDAQ: AAPL) and raised its price target to $620.00 (from $610.00). Analyst Bill Shope said Apple's platform showed its strength.
"Apple reported hefty 2Q14 upside, with revenues of $45.65 billion exceeding our estimate of $43.88 billion and consensus of $43.53 billion, and EPS of $11.62 surpassing our estimate of $10.42 and consensus of $10.18. The upside was... More
Apple (AAPL) Estimates Raised at Jefferies Post Q2; Buy Ahead of iPhone 6 Launch
April 24, 2014 6:47 AM EDTJefferies analyst Peter Misek raised estimates while reiterating a Buy rating and $625 price target on Apple (NASDAQ: AAPL) following strong Q2 results driven by very strong iPhone sales.
Misek comments, "iPhones were much stronger than expected with sell-through accelerating to... More
Apple (AAPL) PT, Estimates Lifted at BMO Capital Following Strong Q2
April 24, 2014 6:37 AM EDTBMO Capital analyst Keith Bachman boosted estimates and his price target on Outperform-rated Apple (NASDAQ: AAPL) from $565 to $610. following strong Q2 results which had gross margins of 39.3% versus the 37.5% they were expecting. Moreover, iPhone ASPs moved lowered by $48 q/q, while iPad ASPs... More
Icahn 'Pleased' with Apple (AAPL) Results, Agrees with Raised Buyback
April 23, 2014 5:00 PM EDTCarl Icahn is out commenting on Apple, Inc. (NASDAQ: AAPL) following strong earnings, a 7-for-1 stock split and a raised capital return plan.
On Twitter Icahn said, "Agree completely with $AAPL's increased buyback and extremely pleased with results. Believe well also be happy when we see new products."
... MoreApple, Inc. (AAPL) Raises Quarterly Dividend 7.9% to $3.29; 2.5% Yield
April 23, 2014 4:57 PM EDTApple, Inc. (NASDAQ: AAPL) declared a quarterly dividend of $3.29 per share, or $13.16 annualized. This is a 7.9% increase from the prior dividend of $3.05.
The dividend will be payable on May 15, 2014, to stockholders of record on May 12, 2014.
The annual yield on the dividend is 2.5... More
Apple, Inc. (AAPL) will resume trading at 4:45PM
April 23, 2014 4:42 PM EDTApple, Inc. (NASDAQ: AAPL) will resume trading at 4:45PM
... MoreApple, Inc. (AAPL) Approves Increase in Buyback to $90B, Seven-for-One Split
April 23, 2014 4:31 PM EDTApple (Nasdaq: AAPL) announced that its Board of Directors has authorized another significant increase to the Companys program to return capital to shareholders. The Company expects to utilize a total of over $130 billion of cash under the expanded program by the end of calendar 2015.
As part of the program, the Board has increased its share repurchase authorization to $90 billion from the $60 billion level announced last year. The Company expects to continue to utilize about $1 billion annually... More
Apple (AAPL) halted ahead of earnings
April 23, 2014 4:29 PM EDTApple, Inc. (NASDAQ: AAPL) halted ahead of earnings
... MoreApple, Inc. (AAPL) trading halted with news pending
April 23, 2014 4:29 PM EDTApple, Inc. (NASDAQ: AAPL) trading halted with news pending.
... More
