Telecommunications

Roku, Inc. (NASDAQ: ROKU) Stock Analyst Ratings

/ / Telecommunications /

Roku, Inc. (NASDAQ: ROKU) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 — Seaport Global Upgrades Sell → Neutral 12/18/2023 -12.05% Seaport Global → $75 Downgrades Neutral → Sell 12/15/2023 -22.61% MoffettNathanson $64 → $66 Downgrades Neutral → Sell 11/27/2023 36.02% Cannonball Research → $116 Upgrades Neutral → Buy 11/02/2023 17.26% Susquehanna $95 → $100 Maintains Positive 11/02/2023 -12.05% Pivotal Research $58 → $75 Upgrades Sell → Hold 10/31/2023 -35.51% MoffettNathanson → $55 Upgrades Sell → Neutral 10/23/2023 -17.92% Truist Securities $80 → $70 Maintains Hold 10/11/2023 -5.02% Piper Sandler $90 → $81 Maintains Neutral 10/06/2023 — Seaport Global Initiates Coverage On → Neutral 09/28/2023 -8.54% Citigroup $100 → $78 Maintains Neutral 09/27/2023 — Raymond James Reinstates → Market Perform 09/07/2023 17.26% JP Morgan $95 → $100 Maintains Overweight 09/07/2023 19.61% DA Davidson $100 → $102 Maintains Buy 09/07/2023 17.26% Wedbush […]

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AT&T’s Challenges Are in Rearview Mirror. Analyst Says to Buy the Stock. — Barrons.com

/ / Telecommunications /

By Emily Dattilo The tide is turning for AT&T, one analyst team said, lifting its rating on the telecommunications stock. Oppenheimer analysts Timothy Horan and Edward Yang upgraded AT&T to Outperform from Perform in a Friday research report. They set a target of $21 for the stock price and raised their forecasts for revenue and earnings. “T has underperformed the market and peers the past few years as the company underwent a difficult transition to position itself as a pure connectivity provider,” Horan and Yang wrote. “We believe these headwinds have moved to the rearview, and the stock is set to benefit from a number of tailwinds.” The analyst team presented five positive factors. First, they said, the capacity and coverage of AT&T’s network has improved. Second, the company has made strides in terms of broadband subscribership and revenue, with 60% of its broadband customers using fiber connections, which offer

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Roku Sheds Bear As Promising Data Points Emerge

/ / Telecommunications /

New data points about digital ad spending bode well for streaming-device maker Roku, prompting a stock rating upgrade from one formerly bearish analyst. Seaport Research Partners analyst David Joyce is moving to a neutral rating from sell on the company after recent channel checks found digital ad buyers for a range of industry verticals and portfolio sizes are spending in the mid- to high-teen percentages within the ad-based streaming and internet-connected TV spaces. These new data points convey a 12% expected growth level for Roku’s 4Q, up from previous estimates for about 9.1% growth, Joyce says. He notes too that Roku has maintained its usage share and has a stronger demand profile among streamers.

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Verizon Write-Down Reflects Commercial Market’s Dim Prospects

/ / Telecommunications /

Verizon’s $5.8 billion charge is the latest sign of legacy phone companies adapting to how businesses connect — specifically, for less money after vetting more competitors. AT&T’s business wireline unit took a $13.5 billion write-down a year earlier for similar reasons. The lowered expectations reflect a commercial wireline market that’s been shrinking since 2016, MoffettNathanson analyst Craig Moffett says. “The forces at work here are secular, and they are only getting worse,” he says. “It’s doubly challenging for Verizon and AT&T as the two largest players in the market by far.”

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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 01/08/2024 9.45% Melius Research → $55 Downgrades Buy → Hold 11/17/2023 -0.5% DZ Bank → $50 Downgrades Buy → Hold 11/16/2023 7.46% Oppenheimer $58 → $54 Maintains Outperform 11/16/2023 7.46% UBS $55 → $54 Maintains Neutral 11/16/2023 -0.5% Piper Sandler $57 → $50 Maintains Neutral 11/16/2023 1.49% Rosenblatt $59 → $51 Maintains Neutral 10/30/2023 — Raymond James Downgrades Outperform → Market Perform 09/22/2023 51.24% Tigress Financial $73 → $76 Maintains Buy 09/13/2023 19.4% B of A Securities $56 → $60 Maintains Neutral 08/21/2023 15.42% Deutsche Bank $54 → $58 Maintains Hold 08/17/2023 25.37% Evercore ISI Group $60 → $63 Maintains Outperform 08/17/2023 5.47% Piper Sandler $51 → $53 Maintains Neutral 08/17/2023 18.41% Jefferies $54 → $59.5 Maintains Buy 08/17/2023 9.45% Citigroup $54 → $55 Maintains Neutral 08/17/2023 11.44% Morgan Stanley $55

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Verizon Communications Inc. ((NYSE, NASDAQ:VZ) Stock Analyst Ratings

/ / Telecommunications /

Verizon Communications Inc. ((NYSE, NASDAQ:VZ) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/04/2024 16.78% Wolfe Research → $46 Upgrades Peer Perform → Outperform 01/03/2024 14.24% Keybanc → $45 Upgrades Sector Weight → Overweight 12/19/2023 9.16% Oppenheimer → $43 Reiterates Outperform → Outperform 12/14/2023 6.63% Citigroup $40 → $42 Maintains Buy 12/13/2023 1.55% Wells Fargo $35 → $40 Maintains Equal-Weight 11/02/2023 14.24% Tigress Financial $64 → $45 Maintains Buy 10/25/2023 -3.53% Barclays $37 → $38 Upgrades Equal-Weight → Overweight 08/29/2023 1.55% Citigroup $39 → $40 Upgrades Neutral → Buy 08/22/2023 9.16% Oppenheimer → $43 Reiterates Outperform → Outperform 08/03/2023 11.7% Morgan Stanley $44 → $44 Reiterates Overweight → Overweight 07/27/2023 -0.99% Citigroup $42 → $39 Maintains Neutral 07/26/2023 -8.61% Goldman Sachs $41 → $36 Maintains Neutral 07/26/2023 6.63% Raymond James $51 → $42 Maintains Outperform 07/20/2023 -8.61% Wells Fargo $40 → $36

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Verizon Communications Inc. ((NYSE, NASDAQ:VZ) Stock Analyst Ratings

/ / Telecommunications /

Verizon Communications Inc. ((NYSE, NASDAQ:VZ) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/03/2024 14.65% Keybanc → $45 Upgrades Sector Weight → Overweight 12/19/2023 9.55% Oppenheimer → $43 Reiterates Outperform → Outperform 12/14/2023 7.01% Citigroup $40 → $42 Maintains Buy 12/13/2023 1.91% Wells Fargo $35 → $40 Maintains Equal-Weight 11/02/2023 14.65% Tigress Financial $64 → $45 Maintains Buy 10/25/2023 -3.18% Barclays $37 → $38 Upgrades Equal-Weight → Overweight 08/29/2023 1.91% Citigroup $39 → $40 Upgrades Neutral → Buy 08/22/2023 9.55% Oppenheimer → $43 Reiterates Outperform → Outperform 08/03/2023 12.1% Morgan Stanley $44 → $44 Reiterates Overweight → Overweight 07/27/2023 -0.64% Citigroup $42 → $39 Maintains Neutral 07/26/2023 -8.28% Goldman Sachs $41 → $36 Maintains Neutral 07/26/2023 7.01% Raymond James $51 → $42 Maintains Outperform 07/20/2023 -8.28% Wells Fargo $40 → $36 Maintains Equal-Weight 07/18/2023 12.1% Morgan Stanley $44 → $44 Reiterates Overweight

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Verizon Communications Analyst Turns Bullish, Expects Superior 2024 Performance Over T-Mobile, ATT

/ / Telecommunications /

Shares of Verizon Communications Inc. (NYSE:VZ) have been in focus following news of a merger between Dish Network (NASDAQ:DISH) and EchoStar (NASDAQ:SATS). Contrary to peers, Verizon should deliver an improvement in postpaid phone net additions, despite a decline in market share, according to KeyBanc Capital Markets. The Verizon Communications Analyst: Brandon Nispel upgraded the rating for Verizon Communications from Sector Weight to Overweight, with a price target of $45. The Verizon Communications Thesis: The company is likely to report year-on-year improvements in postpaid phone net adds in every quarter in 2024, versus declines for T-Mobile US Inc (NASDAQ:TMUS) and AT&T Inc (NYSE:T), Nispel said in the upgrade note. Check out other analyst stock ratings. “We expect VZ’s Consumer Broadband business to achieve 1.16M net adds in ’23 and 1.03M in ’24, which compares to our expectations for T of -170K in ’23 and -96K in ’24,” the analyst wrote. “We expect VZ to outperform T given VZ’s growing FiOS (Fiber) and 5G

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Cisco Systems Is Paying Around $650M In Cash For The Startup Isovalent

/ / Telecommunications /

Cisco Systems’ acquisition of Isovalent, a cloud networking and security startup backed by Google and Microsoft, announced on Thursday, suggests that the enterprise software stock rebound is also boosting startup valuations in the sector. Cisco, a pioneer in data center networking equipment that has shifted to serve cloud customers, is paying around $650 million in cash for the startup, or 32 times its annual recurring revenue, said a person with direct knowledge of the figure. That’s well above the average valuation multiple for enterprise software stocks outside artificial intelligence, which are trading at 8.2 times ARR, according to Meritech

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Verizon Communications Inc. ((NYSE, NASDAQ:VZ) Stock Analyst Ratings

/ / Telecommunications /

Verizon Communications Inc. ((NYSE, NASDAQ:VZ) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/19/2023 14.15% Oppenheimer → $43 Reiterates Outperform → Outperform 12/14/2023 11.49% Citigroup $40 → $42 Maintains Buy 12/13/2023 6.19% Wells Fargo $35 → $40 Maintains Equal-Weight 11/02/2023 19.46% Tigress Financial $64 → $45 Maintains Buy 10/25/2023 0.88% Barclays $37 → $38 Upgrades Equal-Weight → Overweight 08/29/2023 6.19% Citigroup $39 → $40 Upgrades Neutral → Buy 08/22/2023 14.15% Oppenheimer → $43 Reiterates Outperform → Outperform 08/03/2023 16.8% Morgan Stanley $44 → $44 Reiterates Overweight → Overweight 07/27/2023 3.53% Citigroup $42 → $39 Maintains Neutral 07/26/2023 -4.43% Goldman Sachs $41 → $36 Maintains Neutral 07/26/2023 11.49% Raymond James $51 → $42 Maintains Outperform 07/20/2023 -4.43% Wells Fargo $40 → $36 Maintains Equal-Weight 07/18/2023 16.8% Morgan Stanley $44 → $44 Reiterates Overweight → Overweight 06/05/2023 3.53% HSBC $42.5 → $39 Maintains Hold

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