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Fly News Breaks for February 7, 2020
Feb 7, 2020 | 09:54 EDT
BWS Financial analyst Hamed Khorsand downgraded Netgear (NTGR) to Neutral from Buy with a $27.50 price target. The company's Q4 numbers were better than expected, but that was due selling much more Wi-Fi 5 routers than anticipated, Khorsand tells investors in a research note. Netgear plans to push more Wi-Fi 5 routers through the channel, which will further damage the company's operating margin numbers, adds the analyst. He expects Netgear to face "persistent pricing pressure" from (AMZN) and Alphabet (GOOGL). As such, there is not an underlying catalyst to own the shares, contends Khorsand.
News For NTGR;AMZN;GOOG;GOOGL From the Last 2 Days
Nov 26, 2021 | 13:21 EDT
Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly.  1... To see the rest of the story go to See Story Here
Nov 26, 2021 | 15:50 EDT
Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. ANTITRUST LATEST: European... To see the rest of the story go to See Story Here
Nov 24, 2021 | 07:20 EST
Heading into Thanksgiving, JPMorgan analyst Doug Anmuth continues to expect a strong online holiday season, albeit against tougher comps and with a resurgence in physical retail. He expects U.S. online holiday sales to grow 14.5% year-over-year coming off "outsized pandemic-driven" growth of 32% year-over-year during the 2020 holiday. (AMZN) maintains 40% share of U.S. e-commerce and should surpass Walmart (WMT) as the largest U.S. retailer in 2022, Anmuth tells investors in a research note. He points out that Amazon has doubled its fulfillment network since the pandemic began and is "no longer space-constrained." Anmuth has an Overweight rating on Amazon shares with a $4,350 price target.