Salesforce Likely to Benefit From Bundling Strategy, Generative AI in Q4, RBC Says

/ / Technology /

Salesforce (CRM) could see incremental growth levers emerging in its new bundling strategy and generative AI product cycle amid macro headwinds, RBC Capital Markets said in a note. “We view an initial FY25 growth guide of 10% as the most likely scenario, at least until there is more visibility into tangible benefits from the aforementioned growth levers or a better macro,” said RBC analysts, including Rishi Jaluria. Following its quarterly checks, RBC said the majority of Salesforce contracts up for renewal seemed to be taking the 9% price increase, while an increase in deal volumes appeared to be counterbalanced by a decrease in large-sized deals. It also said that Einstein GPT was being adopted but it was still in the trial phase. The company will release its fiscal Q4 results on Feb. 28.

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Verizon Set for Strong 2024 With MyPlan Growth and Data-Driven Strategies, Analyst Forecasts

/ / Telecommunications /

KeyBanc analyst Brandon Nispel had an Overweight rating on Verizon Communications Inc (NYSE:VZ) with a price target of $46. The analyst hosted a vNDR with Verizon’s CEO of Verizon Consumer Group (VCG), Sowmyanarayan Sampath (Sampath). Nispel noted that with operational changes implemented in 2023, Verizon will see better performance on the VCG in 2024. The analyst flagged the interesting commentary mainly centered around myPlan, where Verizon is seeing intake ARPUs increasing double digits Y/Y, myPlan lines will likely double in 2024 from 13 million as of the fourth quarter, and the attach rate on perks is up, which could help improve the margins. He noted that several changes should help enhance KPIs for VCG going forward. The analyst stated that Verizon is beginning to talk more openly about using data within its business, whereby it tracks over 1,500 data points on every customer. The data allows VZ to implement personalized offers, break down

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Dell Poised for Continued Server Momentum, Order Growth in Fourth Quarter, BofA Says

/ / Technology /

Dell Technologies (DELL) is expected to see continued momentum in its server business and further growth in orders in its fiscal fourth quarter, with artificial intelligence servers and AI-enabled personal computers likely to drive growth in the medium term, BofA Securities said. The computer maker is scheduled to report its fourth-quarter financial results Thursday. BofA projects per-share earnings at $1.73 on revenue of about $22.24 billion. Wall Street is looking for $1.72 and $22.15 billion, respectively, according to the brokerage. In the previous quarter, the company’s pipeline for AI-optimized servers tripled sequentially, Chief Operating Officer Jeff Clarke said in November on a call discussing Dell’s third-quarter results, according to a Capital IQ transcript. Demand was ahead of supply, Clarke told analysts at the time, adding that the company was working to convert its pipeline “into real sales, into orders.” “Given its focus on enterprise (versus) hyperscale, Dell should see strong

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Nvidia Is the ‘Magnificent One’ Now – but These Rivals Are Closing in

/ / Technology /

By Daniel Newman The competition is real, and it’s coming for Nvidia’s growth and stock price More competition pressures Nvidia’s pricing, margins and market share. Nvidia Corp.’s (NVDA) earnings results felt like a national holiday of sorts. Countdowns and endless commentary surrounded the biggest moment in the stock market so far this year for what Goldman Sachs is now referring to as the most important stock in the world. On CNBC, Jim Cramer was quick to point out that Nvidia CEO Jensen Huang is a bigger visionary than Tesla’s Elon Musk. Nvidia’s results didn’t disappoint, unless you were short on the stock (R.I.P.). Wall Street analysts’ price-target increases quickly followed. Some of these new targets suggest Nvidia will race to a $2.5 trillion valuation in short order. And why not? The Nvidia bandwagon is packed and everyone is jumping on it. It’s fun to be right and more fun to

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WARNER BROS. DISCOVERY (NASDAQ:WBD) REPORTS FOURTH-QUARTER AND FULL-YEAR 2023 RESULTS

/ / Consumer Discretionary /

WARNER BROS. DISCOVERY REPORTS FOURTH-QUARTER AND FULL-YEAR 2023 RESULTS PR Newswire NEW YORK, Feb. 23, 2024 NEW YORK, Feb. 23, 2024 /PRNewswire/ — Warner Bros. Discovery, Inc. (the “Company”) (Nasdaq: WBD) today reported financial results for the quarter and year ended December 31, 2023. Please visit the “Investor Relations” section of the Company’s website at to view the financial results and other earnings materials. The Company will conduct a conference call today at 8:00 a.m. ET (5:00 a.m. PT) to discuss the results. A link to the live webcast of the conference call will be available in the “Investor Relations” section of the Company’s website at A telephone replay of the call will be available approximately two hours after the completion of the call until March 2, 2024. The replay can be accessed via phone by dialing +1 800-770-2030 or +1 647-362-9199 using playback passcode 1493434. A replay of the

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Warner Bros. Discovery (NASDAQ:WBD) Q4 2023 GAAP EPS $(0.16) Misses $(0.07) Estimate, Sales $10.28B Miss $10.34B Estimate

/ / Consumer Discretionary /

Warner Bros. Discovery (NASDAQ:WBD) reported quarterly losses of $(0.16) per share which missed the analyst consensus estimate of $(0.07) by 128.57 percent. The company reported quarterly sales of $10.28 billion which missed the analyst consensus estimate of $10.34 billion by 0.59 percent.

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Warner Bros. Discovery (NASDAQ:WBD) Posts Lower 4Q Revenue, Narrows Loss

/ / Consumer Discretionary /

By Will Feuer Warner Bros. Discovery posted lower fourth-quarter revenue, dragged down by lagging results in its studios and cable networks. The media conglomerate, which owns cable networks such as TNT and CNN, as well as film studios and the Max streaming platform, reported a fourth-quarter loss of $400 million, or 16 cents a share, compared with a loss of $2.1 billion, or 86 cents a share, in the same period a year earlier. Analysts surveyed by FactSet had expected a loss of 8 cents a share. Revenue fell 7% to $10.28 billion. Analysts surveyed by FactSet were expecting $10.34 billion. In the studios business, revenue fell 17%, while sales fell 9% in the networks segment. In the direct-to-consumer segment, which includes the company’s streaming platforms, revenue rose 3% to $2.53 billion. Total DTC subscribers in the U.S. and Canada fell to 52 million, from 54.6 million a year earlier.

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Warner Bros. Discovery’s (NASDAQ:WBD) Stock Slides 5% After Earnings Fall Short of Estimates

/ / Consumer Discretionary /

Warner Bros. Discovery Inc.’s stock (WBD) fell 5% early Friday after the company posted a wider-than-expected fourth-quarter loss and revenue that fell short of estimates, weighed down by weak ad revenue and the impact of the recent writers and actors’ strikes. The company had a net loss of $400 million for the quarter, or 16 cents a share, narrower than the loss of $2.101 billion, or 86 cents a share, posted in the year-earlier period. Revenue fell to $10.824 billion from $11.008 billion. The FactSet consensus was for a loss of 10 cents a share and revenue of $10.337 billion. Studio revenue fell 18% excluding the impact of foreign exchange, while network revenue was down 8%. Ad revenue fell 14%, mostly due to shrinking audiences in domestic general entertainment and news networks, as well as the impact from the exit of the AT&T SportsNet business. The stock has fallen 39%

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Intuit Inc. (NASDAQ:INTU) Q2 2024 Earnings Conference

/ / Technology /

The following is a summary of the Intuit Inc. (INTU) Q2 2024 Earnings Call Transcript: Financial Performance: Intuit reported Q2 revenue of $3.4 billion, growing 11%, with GAAP operating income of $369 million, an increase of 37%. Non-GAAP operating income grew by 17% to reach $1 billion. Small Business and Self-Employed Group revenue increased 18% during the quarter; online ecosystem revenue saw a growth of 21%. The company reported GAAP diluted earnings per share of $1.25, and non-GAAP diluted earnings per share of $2.63, a 20% increase. The company repurchased $536 million of stock during the second quarter and approved a quarterly dividend of $0.90 per share. Business Progress: The company is working on Intuit Assist, an AI and machine learning technology aimed at automating financial management and tax filing. The integration of MailChimp with QuickBooks and TurboTax with Credit Karma is part of the company’s marketing strategy to increase

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