Telecommunications

Comcast (NASDAQ:CMCSA) Stock Analyst Ratings

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Comcast (NASDAQ:CMCSA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/15/2024 4.81% Redburn Atlantic $50 → $44 Downgrades Buy → Neutral 01/30/2024 26.25% Citigroup $51 → $53 Maintains Buy 01/26/2024 19.1% Wells Fargo $45 → $50 Maintains Equal-Weight 12/22/2023 9.58% Rosenblatt $44 → $46 Maintains Neutral 10/30/2023 4.81% Barclays $47 → $44 Maintains Equal-Weight 10/27/2023 4.81% Rosenblatt → $44 Reiterates Neutral → Neutral 10/27/2023 16.72% Scotiabank → $49 Downgrades Sector Outperform → Sector Perform 10/06/2023 26.25% Seaport Global → $53 Initiates Coverage On → Buy 09/25/2023 16.72% JP Morgan $48 → $49 Maintains Neutral 08/09/2023 19.1% Argus Research $45 → $50 Maintains Buy 08/02/2023 — Wolfe Research Upgrades Underperform → Peer Perform 08/01/2023 21.49% Citigroup $47 → $51 Maintains Buy 07/31/2023 2.43% Rosenblatt $39 → $43 Maintains Neutral 07/31/2023 11.96% Barclays $42 → $47 Maintains Equal-Weight 07/28/2023 31.01% Oppenheimer $48 → $55 […]

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Cisco Systems (NASDAQ:CSCO) Stock Analyst Ratings

/ / Telecommunications /

Cisco Systems (NASDAQ:CSCO) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/15/2024 7.82% Wells Fargo → $52 Initiates Coverage On → Equal-Weight 02/12/2024 14.04% UBS $54 → $55 Maintains Neutral 01/08/2024 14.04% Melius Research → $55 Downgrades Buy → Hold 11/17/2023 3.67% DZ Bank → $50 Downgrades Buy → Hold 11/16/2023 11.96% Oppenheimer $58 → $54 Maintains Outperform 11/16/2023 11.96% UBS $55 → $54 Maintains Neutral 11/16/2023 3.67% Piper Sandler $57 → $50 Maintains Neutral 11/16/2023 5.74% Rosenblatt $59 → $51 Maintains Neutral 10/30/2023 — Raymond James Downgrades Outperform → Market Perform 09/22/2023 57.58% Tigress Financial $73 → $76 Maintains Buy 09/13/2023 24.4% B of A Securities $56 → $60 Maintains Neutral 08/21/2023 20.26% Deutsche Bank $54 → $58 Maintains Hold 08/17/2023 30.62% Evercore ISI Group $60 → $63 Maintains Outperform 08/17/2023 9.89% Piper Sandler $51 → $53 Maintains Neutral 08/17/2023 23.37%

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Cisco Systems Guides Lower, Cuts 5% of Staff

/ / Telecommunications /

Cisco Systems is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Cisco Systems posted solid results for its second quarter, but the company provided guidance for the next two quarters that fell short of analysts’ estimates. The company also said it plans to reduce its workforce by about 5% as part of a restructuring plan “in order to realign the organization and enable further investment in key priority.” The company said the plan would result in about $800 million in charges for severance and other costs. Dow Jones & Co. owns Factiva.

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CFRA Lowers Opinion On Shares Of Cisco Systems, Inc. (NASDAQ: CSCO) To Hold From Buy

/ / Telecommunications /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We keep our 12-month target price at $55, 14.3x our FY 25 (Jul.) EPS estimate, in line with its three-year forward average P/E, reflecting our growth concerns. We lower our FY 24 EPS estimate by $0.16 to $3.72 and trim FY 25’s by $0.22 to $3.84. Cisco Systems, Inc. (NASDAQ: CSCO) reported Jan-Q operating EPS of $0.87 vs. $0.88, $0.03 above the consensus. Jan-Q revenue fell 6%, driven by a 12% decline in the Networking segment, due to weak demand across switching, wireless, and routed optical networking, partially offset by 3% growth in Security, driven by its Zero Trust offering and a 3% increase in Collaboration, driven by growth in devices and calling. CSCO announced it would cut its workforce by 5%, or roughly 4.2K employees, in

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Roku Inc (NASDAQ:ROKU) Q4 Earnings Highlights: Revenue Beat, EPS Beat, Q1 Guidance, 80 Million Active Accounts

/ / Telecommunications /

Streaming platform and hardware company Roku Inc (NASDAQ:ROKU) reported fourth-quarter financial results after the market close Thursday. Here are the key highlights. What Happened: Roku reported fourth-quarter revenue of $984.42 million, which was up 14% year-over-year. The revenue came in ahead of a Street consensus estimate of $966.3 million, according to data from Benzinga Pro. The company reported a loss of 55 cents per share, beating a Street estimate of a loss of 57 cents per share. Platform revenue was $828.9 million in the quarter, which was up 13% year-over-year. Devices revenue was $155.6 million in the quarter, which was up 15% year-over-year. Roku ended the fourth quarter with 80 million active accounts, up 14% year-over-year. The company added 4.2 million net accounts in the quarter. Average revenue per user was $39.92 in the fourth quarter, down 4% year-over-year. The company said it had 29.1 billion streaming hours in the fourth quarter, up

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Roku, Inc. (NASDAQ: ROKU) Q4 Net Loss Narrows, Revenue Rises; Q1 Revenue Guidance Set;

/ / Telecommunications /

Roku, Inc. (NASDAQ: ROKU) reported Q4 net loss late Thursday of $0.55 per diluted share, narrowing from the loss of $1.70 a year earlier. Analysts polled by Capital IQ expected a loss of $0.55. Revenue in the quarter ended Dec. 31 rose to $984.4 million from $867.1 million a year earlier. Analysts surveyed by Capital IQ expected $967.1 million. In Q1, the company expects revenue of $850 million. Analysts in a Capital IQ poll expect $834.8 million. Roku shares slumped 14% in recent after-hours trading.

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Roku, Inc. (NASDAQ: ROKU) Q4 2023 Earnings Conference

/ / Telecommunications /

The following is a summary of the Roku, Inc. (ROKU) Q4 2023 Earnings Call Transcript: Financial Performance: Roku’s Q4 total net revenue grew 14% year-over-year to $984 million. Platform revenue was $829 million, a 13% increase from the previous year, driven by streaming services distribution and video advertising. Devices revenue increased by 15% year-over-year, led by the launch of Roku-branded TVs. Q4 total gross margin stood at 44%. Platform gross margin was stable at 55%, while device margin improved to negative 13% due to better supply chain costs and limited promotional discounts. Adjusted EBITDA for Q4 was $48 million, and free cash flow was $176 million over the last 12 months. Roku ended the quarter with over $2 billion in cash and cash equivalents. ARPU decreased by 4% to $39.92 in Q4 due to an increase in international active accounts. For Q1 2024, Roku projects a total net revenue of

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Charter Communications Faces Subscriber Pressure From Rivals, Fading Subsidies

/ / Telecommunications /

Charter Communications is facing heightened competition from Verizon and T-Mobile’s wireless home internet products, and the cable company could soon lose even more subscribers when a key government program runs out of funding in April, JPMorgan analysts say in a research note. Charter’s 4Q results revealed a surprisingly steep loss of broadband subscribers, the analysts note. They add that the end of the Affordable Connectivity Program, which gave $30 a month to eligible customers to put toward their internet bills, could hurt Charter more than its peers. They cut their rating on the stock to neutral. Shares fall 3.1%.

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Verizon Invests in Customer Experience; Names First-ever Chief Experience Officer

/ / Telecommunications /

Verizon invests in customer experience; names first-ever Chief Experience Officer Also taps former Walmart executive Dory Butler to lead work across consumer channels NEW YORK, Feb. 05, 2024 (GLOBE NEWSWIRE) — Verizon is investing more in customer experience with the creation of an organization dedicated solely to creating the best experiences for customers and employees. Under Verizon Consumer CEO Sowmyanarayan Sampath, Brian Higgins has been appointed as the company’s first-ever Chief Customer Experience Officer for the consumer group. Former Walmart executive Dory Butler will join Higgins as senior vice president of Customer Experience, where she will lead the development and delivery of high-quality sales and service experiences focusing on the end-to-end consumer journey. The Customer Experience Organization will invest heavily in transforming the way customers do business with Verizon, and how our employees serve them. Focus areas include AI and personalization, digital channel and systems functionality and delivering best-in-class experiences

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