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VUZI

Vuzix

$8.30

-0.1 (-1.19%)

, TOSBF

Toshiba, also use TOSYY

$0.00

(0.00%)

14:44
07/12/18
07/12
14:44
07/12/18
14:44

Travers sees Vuzix Blade Smart Glasses as 'quite revolutinary'

In an exclusive interview with The Fly, Vuzix's (VUZI) CEO Paul Travers discussed the company's recently signed supply contract with Toshiba (TOSBF, TOSYY) and the completion of FCC and EU CE certification for its Blade Smart Glasses: "Toshiba was building their own pair of smart glasses and they canceled that project and came to Vuzix, and on the enterprise side they asked us if we would build them a pair of smart glasses. That happened and went into production right toward the end of first quarter this year and we've been getting volume orders now from Toshiba for this device and it looks more like a product for enterprise. That's disconnected from the Blade, but Toshiba loves our Blade, quite frankly. We've told everybody in the past that there are things in the works about next generation stuff that will employ Blade. The importance of having FCC and EU CE is that we are now able to sell these things in Europe, North America... And one of the hurdles to doing that was the FCC and these emission things. So, this is the beginning of a rollout of a product that is really going to be quite revolutionary. It's the coolest pair of Smart Glasses that Vuzix has ever made and quite frankly I think nobody has come close to beat them. This is the beginnings of a rollout and move at Vuzix from conventional optics systems that have been around since the days of Copernicus to this brand new technology that just hasn't been in the marketplace in the consumer form. It's a big change for the industry." "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%)

TOSBF

Toshiba, also use TOSYY

$0.00

(0.00%)

TOSYY

Toshiba, also use TOSBF

$0.00

(0.00%)

  • 10

    Sep

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."
TOSBF Toshiba, also use TOSYY
$0.00

(0.00%)

01/05/18
FBCO
01/05/18
NO CHANGE
Target $42
FBCO
Outperform
Brookfield Business Partners price target raised to $42 from $34 at Credit Suisse
Credit Suisse analyst Nick Stogdill noted that Brookfield Business Partners (BBU) and its institutional partners will acquire 100% of Westinghouse Electric from Toshiba (TOSBF) for $4.6B, which he views as positive news from both a strategic and financial perspective. The analyst, who increased his 2018 EPS estimate 11% to $3.15 to reflect the deal, keeps an Outperform rating on Brookfield Business Partners and raised his price target on the stock to $42.
01/09/18
RBCM
01/09/18
NO CHANGE
Target $48
RBCM
Sector Perform
Seagate price target raised to $48 from $43 at RBC Capital
RBC Capital analyst Amit Daryanani raised his price target on Seagate (STX) to $48 after the company's positive December-quarter pre-announcement and its long-term NAND supply agreement with Toshiba (TOSBF). Daryanani says the discussion around EB shipments and capacity-per-drive metrics suggests that the company is gaining share in the 10TB market. The analyst keeps his Sector Perform rating on Seagate, noting he is "cognizant" of the company's near-term tailwinds.
02/20/18
RBCM
02/20/18
NO CHANGE
Target $115
RBCM
Outperform
Western Digital may be an LBO candidate, says RBC Capital
RBC Capital analyst Amit Daryanani contends that Western Digital (WDC) could be an attractive LBO candidate, considering that the stock has languished at an "attractive valuation" since the Toshiba (TOSBF) resolution on misplaced NAND cycle concerns. The analyst also notes that the likelihood of an LBO is high because of several private equity firms' involvement in the Toshiba asset sale. Daryanani keeps his Outperform rating with a $115 price target, adding that a "sizable potential EPS upside and room for multiple expansion remain" for the stock.
03/13/18
KEYB
03/13/18
NO CHANGE
KEYB
Broadcom could look at Micron next with Qualcomm blocked, says KeyBanc
President Trump's order to block Broadcom's (AVGO) proposed takeover of Qualcomm (QCOM) also likely blocks the possibility of the company trying to acquire any other player with any military/defense exposure, such as Xilinx (XLNX), KeyBanc analyst John Vinh tells investors. However, he expects Broadcom to remain acquisitive and thinks Micron (MU) could be another potential target, citing a lack of security concerns and Broadcom's previous attempts to bid for Toshiba (TOSBF), he noted. Vinh reiterates his Overweight rating and $320 price target on Broadcom, adding that he sees the executive order as a "slight positive," since it removes a near-term distraction and overhang.
TOSYY Toshiba, also use TOSBF
$0.00

(0.00%)

12/13/17
DBAB
12/13/17
UPGRADE
DBAB
Buy
Toshiba upgraded to Buy from Hold at Deutsche Bank

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