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VUZI

Vuzix

$8.30

-0.1 (-1.19%)

, QCOM

Qualcomm

$57.95

0.64 (1.12%)

14:18
07/12/18
07/12
14:18
07/12/18
14:18

Vuzix CEO sees Qualcomm 'ahead of everybody' in AR chipsets

In an exclusive interview with The Fly, Vuzix's (VUZI) CEO Paul Travers commented on recently announced partnerships with Plessey Semiconductor on AR Smart Glasses and with Qualcomm (QCOM) on its new Snapdragon XR1 platform: "The Qualcomm new silicon has low power compared to the previous devices that they've made but it's designed to do this augmented reality thing, where you put virtual objects in the real world. They have this thing they called Motion-to-Photon latency that basically means that if you move the glasses, how quickly this virtual object moves in comparison with the real world. If they lock to each other it really gives you this illusion of it being real. Qualcomm is ahead of everybody in this regard. I don't know what Apple (AAPL) is doing behind closed doors, but quite frankly this chipset is a beautiful chipset to [develop Next Generation AR Smart Glasses] with. Another piece of this is the display engines that drive the optical engine systems here and they also have to shrink in size and that's part of what we're doing. That technology is a part of the puzzle." "Meet the Company" is The Fly's recurring series of exclusive short interviews with Executive Officers to offer a deeper look inside the company. The remainder of this interview to follow.

VUZI

Vuzix

$8.30

-0.1 (-1.19%)

QCOM

Qualcomm

$57.95

0.64 (1.12%)

AAPL

Apple

$190.81

2.92 (1.55%)

  • 25

    Jul

VUZI Vuzix
$8.30

-0.1 (-1.19%)

01/08/18
CHLM
01/08/18
INITIATION
Target $12
CHLM
Buy
Vuzix initiated with a Buy at Craig-Hallum
Craig-Hallum analyst Christian Schwab started Vuzix with a Buy rating and $12 price target as he believes revenue could grow nearly 10-fold by 2020 as AR/VR products start to ramp.
01/08/18
01/08/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Vuzix (VUZI) initiated with a Buy at Craig-Hallum. 2. Oneok (OKE) initiated with an Outperform at Credit Suisse. 3. Telecom Argentina (TEO) initiated with a Buy at Citi. 4. Tata Motors (TTM) assumed with a Buy at Jefferies. 5. Sandy Spring Bancorp (SASR) initiated with a Buy at Gabelli. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/20/18
MAXM
03/20/18
NO CHANGE
Target $11
MAXM
Buy
Vuzix price target lowered to $11 from $13 at Maxim
Maxim analyst Brain Kinstlinger lowered his price target on Vuzix to $11, citing a "slower ramp of smart glass sales" anticipated for 2018 and 2019 along with a Q4 revenue miss. The analyst keeps his Buy rating on the stock longer term, noting the company's "second to none" offering of smart glasses and "ample capital to support growth".
05/10/18
05/10/18
NO CHANGE

Vuzix CEO sees 2018 revenue growth "significant"
Vuzix CEO Paul Travers commented, "2018 is off to a strong start. We expect revenue to expand further in Q2 fueled by the introduction of several new smart glasses product offerings into the market during the first half of 2018. Volume shipments of M300 type-C Smart Glasses to Toshiba which began at the end of the first quarter are expected to increase significantly beginning in the second quarter. Vuzix Blade Smart Glasses volume production should begin in the coming weeks resulting in shipments to our developer community, customers and strategic partners beginning before the end of the second quarter. Vuzix added approximately 200 M300 pilot programs across a variety of industries and continues to see shifts occurring in the enterprise space as more pilot programs move to multi-site rollouts. We expect 2018 to be another year of significant revenue growth across our markets."
QCOM Qualcomm
$57.95

0.64 (1.12%)

07/12/18
ADAM
07/12/18
NO CHANGE
Target $335
ADAM
Buy
'Unexpected' proposed CA deal expands Broadcom's TAM, says Canaccord
Canaccord analyst T. Michael Walkley reiterated a Buy rating and $335 price target on Broadcom (AVGO) following its "unexpected" $18.9B bid to buy CA Technologies (CA), telling investors in a research note that post its failed bid for Qualcomm (QCOM), Broadcom remains committed to generating double digit earnings growth through share buybacks, acquisitions and organic growth. Though Broadcom has previously focused acquisitions on semiconductor companies in the wireless, wired and storage markets, the analyst says the proposed CA acquisition expands Broadcom's TAM, adds recurring revenue with higher margins and pivots Broadcom's focus to acquiring mission critical technology companies outside of just the semiconductor market.
06/27/18
NORL
06/27/18
NO CHANGE
NORL
Underperform
Intel could lose spot as second modem source at Apple, says Northland
Northland analyst Gus Richard said earlier that contacts he spoke with at the Design Automation conference indicated that that MediaTek might become the second source to Qualcomm (QCOM) at Apple (AAPL) for modems, displacing Intel (INTC). Additionally, while it has been rumored in the press previously that Apple is working on its own CPU for its notebooks to replace the Intel chip it currently uses, Richard said this rumor was confirmed by one contact. Richard maintains an Underperform rating on Intel shares, which are down 1.2% to $49.06 in afternoon trading.
06/11/18
RHCO
06/11/18
DOWNGRADE
Target $119
RHCO
Hold
NXP Semiconductors downgraded to Hold at SunTrust on valuation
As reported earlier, SunTrust analyst William Stein downgraded NXP Semiconductors (NXPI) to Hold from Buy and kept his $119 price target, saying the current stock price is above fair value and demands "an explicit view" that the Qualcomm (QCOM) bid will receive approval from China regulators. Stein notes that currently, the likelihood of such approval would be "only a guess", but adds that the run-up in the stock price since his April upgrade was in response to a sentiment shift over trade negotiations with China, which has been "robust". The analyst further states that last week's agreement between the U.S. government and ZTE (ZTCOY) has made sentiment around the Qualcomm bid "sanguine".
06/08/18
CHLM
06/08/18
NO CHANGE
Target $330
CHLM
Buy
Broadcom remains a 'free cash flow machine,' says Craig-Hallum
Craig-Hallum analyst Anthony Stoss reiterated a Buy rating and $330 price target on Broadcom (AVGO) following its Q2 earnings report, calling the company a free cash flow generating "machine." Stoss said in a research note that although management seemed to paint a more muted picture in the near-term, he is looking for a strong second half of the year driven by a rebound in their wireless business in connection with Apple's (AAPL) next generation phone ramp, and expects Broadcom to pursue smaller M&A with Qualcomm (QCOM) now in the rearview mirror.
AAPL Apple
$190.81

2.92 (1.55%)

07/09/18
CHLM
07/09/18
NO CHANGE
Target $85
CHLM
Buy
Lumentum price target lowered to $85 from $90 at Craig-Hallum
Craig-Hallum analyst Richard Shannon lowered his price target for Lumentum (LITE) to $85 from $90, citing inventory overhang from the hard stop on Apple's (AAPL) iPhone X production, and improved module-level yields that drive temporarily lower VCSEL array bare die demand. The analyst reiterates a Buy rating on Lumentum's shares.
07/10/18
BOFA
07/10/18
NO CHANGE
Target $230
BOFA
Buy
Apple price target raised to $230 on AR upside at BofA/Merrill
BofA Merrill Lynch analyst Wamsi Mohan said Augmented Reality, or AR, adoption is set to grow materially with Apple's launch of the ARKit 2. He sees AR adding $1B to Apple's revenue by the end of FY20 from App Store downloads alone and also thinks increased use of AR apps will help drive higher sales of iPhones. Given his bullish view of the AR opportunity, Mohan raised his price target on Apple shares to $230 from $225 and he keeps a Buy rating on the stock, calling AR "yet another competitive advantage" for the iPhone maker.
07/10/18
CHLM
07/10/18
NO CHANGE
Target $30
CHLM
Buy
Possible eSim win with Apple coming for STMicroelectronics, says Craig-Hallum
Craig-Hallum analyst Anthony Stoss believes STMicroelectronics (STM) may have won a slot for its new eSIM combo chip in the upcoming new Apple (AAPL) iPhones to be launched this fall. Based on his checks, the analyst thinks it is likely that Apple will move to eSIM technology, though Apple could change that decision and keep carrier specific SIM cards. STMicroelectronics would be potentially knocking out NXP Semiconductors (NXPI) as the NFC supplier to Apple. Moreover, Stoss thinks STMicroelectronics continues to win new business at a "phenomenal pace," with several new high-volume wins still underappreciated by the Street. He reiterates a Buy rating and $30 price target on STMicroelectronics shares.
07/12/18
MSCO
07/12/18
NO CHANGE
Target $214
MSCO
Overweight
Third-party data points to sustained App Store growth in Q3, says Morgan Stanley
Morgan Stanley analyst Katy Huberty noted that data from third-party provider Sensor Tower indicates that Apple's App Store generated over $8B in payments to developers in the company's fiscal third quarter, which she said implies App Store net revenue of $3.4B, or year-over-year growth of 27%. The Street consensus models total Apple Services revenue growth decelerating to 26% in the June quarter from up 31% year-over-year in Q2, but she sees this as too conservative given the stable growth pointed to by Sensor Tower's data. Huberty keeps an Overweight rating and $214 price target on Apple shares.

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iQIYI

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Peabody Energy

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SPDR S&P 500 ETF Trust

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DFS

Discover

$71.52

-0.57 (-0.79%)

16:56
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DFS

Discover

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Conference/Events
Stephens business services analyst to hold a dinner meeting »

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WAL

Western Alliance

$58.12

-0.35 (-0.60%)

16:52
07/19/18
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Earnings
Western Alliance reports Q2 EPS 99c, consensus 98c »

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  • 20

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JAZZ

Jazz Pharmaceuticals

$177.06

1.12 (0.64%)

16:47
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  • 27

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ISRG

Intuitive Surgical

$521.30

-6.37 (-1.21%)

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NAVB

Navidea

$0.21

-0.0011 (-0.51%)

16:45
07/19/18
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Conference/Events
Navidea to host business news update conference call »

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  • 19

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NGVT

Ingevity

$90.05

0.07 (0.08%)

16:42
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Ingevity files suit against BASF for infringing on canister systems patent »

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PTCT

PTC Therapeutics

$36.61

1.59 (4.54%)

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AEHR

Aehr Test Systems

$2.81

0.13 (4.85%)

16:38
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  • 19

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BANF

BancFirst

$62.05

0.2 (0.32%)

16:35
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ENFC

Entegra Financial

$30.15

0.05 (0.17%)

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GBCI

Glacier Bancorp

$40.38

0.12 (0.30%)

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STXB

Spirit of Texas Bancshares

$20.45

0.12 (0.59%)

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  • 25

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DATA

Tableau

$110.44

-0.76 (-0.68%)

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DAL

Delta Air Lines

$53.00

0.19 (0.36%)

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16:30
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Options
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FIVE

Five Below

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FAM

First American

$10.06

-0.015 (-0.15%)

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