|Bid||317.54 x 1300|
|Ask||317.58 x 1000|
|Day's range||317.53 - 323.32|
|52-week range||153.66 - 323.33|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||26.77|
|Earnings date||27 Jan 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||291.65|
As we kick off 2020, we're taking a look at the past year's most popular stocks and the trends that fueled them. To do this, we took a peek within our award-winning technical analysis product Technical Insight to see which U.S. instruments yielded the highest search rate from our global investor base throughout 2019.
Intel's (INTC) fourth-quarter 2019 results benefit from growth in the data-centric businesses, driven by robust adoption of high-performance products, including Xeon Scalable processors.
(Bloomberg) -- Google engineers said a tool Apple Inc. developed to help users avoid web tracking is fundamentally flawed and creates more problems than it solves.The Intelligent Tracking Prevention feature on Apple’s Safari web browser, which is meant to block tracking software used by digital advertisers, can be abused to do the exact opposite, according to a paper released Wednesday by Google researchers. Google told Apple about the problem in August, and in December the iPhone maker published a blog post saying it had fixed the issues and thanking Google for its help.But Wednesday’s paper concluded that the problems go beyond the issues that Apple addressed. Instead of making a big list of cookies to block, Apple’s ITP continuously learns what websites users visit and which kinds of cookies try to hitch a ride. Over time, this creates unique cookie-blocking algorithms for each web surfer that can be used to identify and track them, according to the paper.“I can assure you that they still haven’t fixed these issues,” Justin Schuh, engineering director for Google’s Chrome browser, said on Twitter. Apple’s December blog post “didn’t disclose the vulnerabilities or appropriately credit the researchers,” he added. Apple said the bugs mentioned in the report were patched in December, but declined to comment further. “Our core security research team has worked closely and collaboratively with Apple on this issue,” a spokesman for Google said. This isn’t the first time the two tech giants have clashed over privacy. Apple Chief Executive Officer Tim Cook has criticized internet companies for collecting too much personal information, and last year Google researchers reported a two-year long vulnerability in the iPhone maker’s software.Google’s Chrome and Apple’s Safari are two of the most popular web browsers, with Chrome used by more people overall but Safari dominating on iPhones. Apple has been touting Safari privacy features to persuade more consumers to use it. Apple first introduced Intelligent Tracking Prevention in 2017. The tool targets cookies, bits of code that let marketers follow people around the web and send them targeted ads.Google refused to block cookies for years, arguing that targeted ads help publishers and keep the internet free. But last week, the internet giant said it would eventually phase them out, setting off a race among advertisers to adapt. Privacy advocates have lauded Apple’s approach to tracking, and criticized Google for taking so long to do the same. But the paper suggests Apple may have to go back to the drawing board to find a new way to block tracking.“This bug is quite counter-intuitive, but rather very serious,” said Lukasz Olejnik, an independent cybersecurity researcher.(Updates with Google statement in fourth paragraph.)To contact the reporter on this story: Gerrit De Vynck in New York at email@example.comTo contact the editors responsible for this story: Alistair Barr at firstname.lastname@example.org, Jillian WardFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Robust adoption of Advanced Micro Devices (AMD) graphics cards and EPYC deal wins are expected to have driven top-line growth in fourth-quarter 2019.
ServiceNow's (NOW) fourth-quarter 2019 results are likely to benefit from expansion in global footprint and clientele, both private and public.
Lam Research's (LRCX) fiscal second-quarter results are likely to benefit from strength in non-memory markets and robust equipment demand. However, PC volatility & competition may have been concerns.
(Bloomberg) -- Sonos Inc. Chief Executive Officer Patrick Spence apologized to customers after a backlash over the company’s plan to halt software updates for older products.The Santa Barbara, California-based speaker maker earlier this week said it would stop providing updates and new features for speakers launched in the 2000s, including the Connect, ZonePlayer, the original Play:5 and Bridge.The company warned that even if customers only had one older speaker, their entire Sonos sound systems might lose access to services and functionality would “eventually be disrupted.” It also suggested users buy new speakers with a 30% credit for each legacy device traded in. Sonos devotees quickly went berserk on social media, accusing the company of purposely degrading existing hardware to spur new sales.“I have over 1000USD of *speakers* that must be retired now? Terrible product life cycle support,” Scott Jenson, a longtime Google executive, wrote on Twitter. “I clearly have no choice to upgrade but I’m certainly NOT going to trust my money with Sonos ever again.”In a statement Thursday, Sonos didn’t reverse the decision to nix software updates in May, but pledged to keep older speakers “updated with bug fixes and security patches for as long as possible.” The company also said it would “work to offer an alternative solution” to major issues that can’t be addressed.“We heard you. We did not get this right from the start. My apologies for that and I wanted to personally assure you of the path forward,” Spence wrote in a letter posted on Sonos’s blog. “First, rest assured that come May, when we end new software updates for our legacy products, they will continue to work as they do today. We are not bricking them, we are not forcing them into obsolescence, and we are not taking anything away.”Sonos’s original announcement suggested that legacy products would eventually stop working with newer speakers. On Thursday, the company said that would no longer be the case. “We are working on a way to split your system so that modern products work together and get the latest features, while legacy products work together and remain in their current state,” Spence wrote. Jenson applauded the response on Twitter Despite the backlash, it’s common for technology companies to cut off software updates for older devices. Apple Inc.’s latest iOS operating system doesn’t support iPhones sold before 2015 and iPads made before 2014. That spurs millions of people to spend hundreds of dollars buying new handsets.Apple’s Lower Prices, Users’ Aging Handsets Drive IPhone DemandSonos is under pressure from larger rivals including Apple, Amazon.com Inc. and Google, which sell internet-connected speakers with digital assistants built in. Sonos sued Google recently, accusing the tech giant of ripping off its designs.Spence testified at a Congressional antitrust hearing this month and argued that Sonos was different from larger rivals because it supports products for many years. “Our business model is simple — we sell products which people pay for once, and we make them better over time with software updates,” Spence said.Some users on Twitter quickly contrasted that statement with this week’s decision to end software updates on many speakers.To contact the reporter on this story: Mark Gurman in Los Angeles at email@example.comTo contact the editors responsible for this story: Alistair Barr at firstname.lastname@example.org, Jillian WardFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Semiconductor makers Qorvo Inc. and Skyworks Solutions Inc. are weighing bids for Broadcom Inc.’s wireless-chip business, which could fetch about $10 billion in a sale, according to people familiar with the matter.Other potential buyers could be interested, said the people, who asked to not be identified because the matter isn’t public. The unit makes radio-frequency, or RF, chips.A final decision hasn’t been made and Qorvo and Skyworks may opt not to proceed with offers, they said.A representative for Broadcom declined to comment. Representatives for Qorvo and Skyworks didn’t respond to requests for comment.Broadcom on Thursday disclosed new agreements to provide components for Apple Inc. devices for several years. The disclosure lets potential acquirers of the radio frequency unit know that they’re buying into a substantial business relationship with Cupertino, California-based Apple.The potential sale comes as Broadcom Chief Executive Officer Hock Tan -- fresh off a $10.7 billion takeover of Symantec Corp.’s security software unit -- seeks to focus on businesses with strong share in profitable markets that don’t require excessive investment. He’s jettisoning components that don’t fit that plan. Broadcom agreed to sell a cybersecurity services business this month to Accenture Plc.The RF unit’s chips are used to filter and amplify radio frequency signals. Its filters also let wireless communications systems support a large number of subscribers at the same time by ensuring that voice and data streams don’t interfere with each other.The Wall Street Journal reported in December that Broadcom was seeking a buyer for the division.To contact the reporters on this story: Ed Hammond in New York at email@example.com;Liana Baker in New York at firstname.lastname@example.org;Ian King in San Francisco at email@example.comTo contact the editors responsible for this story: Liana Baker at firstname.lastname@example.org, ;Alistair Barr at email@example.com, Matthew Monks, Michael HythaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Broadcom Inc. disclosed new agreements to provide components for Apple Inc. devices released through the middle of 2023.The San Jose, California-based chipmaker said it entered into two multiyear pacts “for the supply of a range of specified high-performance wireless components and modules to Apple for use in its products.” That’s in addition to another similar agreement that Broadcom reached with Apple in 2019. The three deals could generate about $15 billion in future revenue, Broadcom added.Broadcom shares rose more than 2% in late trading, while rival Skyworks Solutions Inc. dropped as much as 7.7%. Broadcom is a major Apple supplier, providing radio-frequency chips that let iPhones, iPads and Apple Watches connect to cellular data networks. Broadcom has also supplied other components to Apple, including chips for connecting devices to Wi-Fi networks.Broadcom put its radio frequency chip unit up for sale last year. Thursday’s disclosure lets potential acquirers know that they’re buying into a substantial business relationship with Cupertino, California-based Apple.Apple typically reaches long-term deals with major suppliers, but the company is also developing its own components.To contact the reporter on this story: Mark Gurman in Los Angeles at firstname.lastname@example.orgTo contact the editors responsible for this story: Tom Giles at email@example.com, Alistair Barr, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Streaming is taking over the world of media slowly but surely, and Comcast is pivoting to a strategy that emphasizes "slowly but surely"
(Bloomberg) -- Jamf Software LLC, which makes tools for enterprises to manage Apple Inc. devices, has filed confidentially for an initial public offering, according to people familiar with the matter.Jamf, backed by the buyout firm Vista Equity Partners, will seek to be valued at about $3 billion in a listing, said one of the people, who asked not to be identified because the matter was private.The Minneapolis-based company’s software provides enterprise and security functionality for Apple products for use in business, education and government.Jamf makes MDM -- mobile device management -- software that lets organizations manage large numbers of iPhones, Macs, Apple TVs, and iPads. The software, for example, allows a company update the software on all of its Apple devices at the same time.Jamf Chief Executive Office Dean Hager declined to comment on the company’s plans. A representative for Vista also declined to comment.The software company is working with banks including Goldman Sachs Group Inc. on the listing, the people said. A representative for Goldman declined to comment.The company’s filing with the U.S. Securities and Exchange Commission hasn’t been made public and its plans could change, the people said. An IPO could go ahead this year, though the timing hasn’t been set, they said.Apple EcosystemA public offering by Jamf would be one of the first for a software maker that’s mostly within the Apple ecosystem. It could also further propel what has been a healthy segment for IPOs. Shares of the 20 software companies that went public in the U.S. last year are up 45% compared with an increase of 28% overall, according to data compiled by Bloomberg.Jamf’s products are used to manage more than 15 million Apple devices, according to its website. Jamf said it has 35,000 customers and 1,000 employees in 10 countries.Jamf sells its products on a subscription basis and had revenue of about $220 million in 2019, one of the people said.Its major customers include SAP SE and Salesforce.com Inc., according to its website. The company works closely with Apple to develop its software, which is compatible with Apple’s own device management tools.Vista acquired a majority stake in Jamf for undisclosed terms in 2017.To contact the reporters on this story: Liana Baker in New York at firstname.lastname@example.org;Mark Gurman in Los Angeles at email@example.com;Kiel Porter in Chicago at firstname.lastname@example.orgTo contact the editors responsible for this story: Alistair Barr at email@example.com, ;Elizabeth Fournier at firstname.lastname@example.org, Michael HythaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Microsoft shares have surged 55% in the last year. Here's what investors can expect from the tech giant's Q2 fiscal 2020 earnings results and beyond...
The top stories here are Apple's ITP vulnerability, Amazon's motion to stop work under the JEDI contract, Amazon's soaring music subs and the UK digital tax.
Quarterly earnings results from Comcast, Southwest, American Airlines, and more. And a look at why Pure Storage, Inc. (PSTG) is a Zacks Rank 1 (Strong Buy) stock right now, as it trades under $20 a share...
(Bloomberg) -- Apple Inc. shares have been on a nearly uninterrupted move higher over the past several months, and analysts are starting to ask whether the rally might be overdone.The stock has already risen more than 8% in 2020, an advance that builds on 2019’s 86% rally, the biggest one-year percentage gain in a decade. Shares have hit repeated records over the advance, which has solidified Apple’s position as the largest U.S. stock by market capitalization.Shares of the company slipped 0.1% on Thursday.The gains have come on growing optimism over the company’s 2020 prospects, driven by improved China demand, growth in its services business, and strong sales expectations for wearable products like AirPods or the Apple Watch. In addition, it is expected to debut a 5G version of its iPhone this year, a product that is almost universally expected to be a blockbuster.“There is a perception of relative safety” in the stock, but the rally has resulted in a “historically high valuation,” according to KeyBanc Capital Markets. The share price “appears to require a sustained re-acceleration in top-line growth that we do not anticipate, while leaving little room for error.”In a note dated Jan. 22, analyst Andy Hargreaves reiterated his sector-weight rating on the shares, writing that the valuation “limits the potential for further multiple expansion” while exposing investors to a number of risks, including potential declines in average selling prices for the iPhone, “stagnating” user growth and brand risk in China.Apple is scheduled to report its first-quarter results later this month, and despite its long-term concerns, KeyBanc wrote the quarter should be “very good relative to consensus estimates.” This view was echoed by BofA, which also forecast a “strong” quarter, adding, “who doesn’t.”While BofA has a buy rating on the stock and raised its price target by $10 to $340 on Thursday, analyst Wamsi Mohan noted that upside potential over the longer term looked “more hazy.” The valuation is “at the high-end of the long-term range,” he wrote, and “further positive estimate revisions beyond [the first-quarter results] may be hard to achieve”, given headwinds related to tariffs, gross margins and operating expenses.The average price target on Apple shares stands around $296, according to data compiled by Bloomberg. While this is up from the $268 average at the end of 2018, it represents downside of nearly 7% from the stock’s most recent close.(Updates to market open in third paragraph)To contact the reporter on this story: Ryan Vlastelica in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Steven FrommFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.