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Ken flagg's Blog Posts Tagged ')' (172)

SMF Notes AAPL Apple iPhone unit estimates cut at (598.90 )

They lowered their iPhone build assumptions for June as they now believe legacy build of iPhone 4S will now be below 20M units, which is well below expectations. The firm cut these at the beginning of the quarter to 25M (street was at 35M) and now street expectations have come down to ~25M. But now Avian thinks builds will be much lower. Slowdown of legacy 4S into a 5 release has already been considered. While they cut their estimated units to reflect…

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Added by ken flagg on July 13, 2012 at 10:42am — No Comments

SMF Notes Apple: Details on tgt raise (568.10 )

Apple: Details on tgt raise (568.10 )

Canaccord notes since it attended the iPad launch last week, its checks have indicated record pre-orders with wait times for shipping iPad models now reaching 2-3 weeks. Given the new iPad's leading hardware specs and iOS developer and application ecosystems versus all tablet competitors, firm anticipates Apple will continue to dominate both market and value share of the growing…

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Added by ken flagg on March 14, 2012 at 8:30am — No Comments

SMF Notes Microsoft: Color on yesterday's pre-developmental demo of Windows 8 (26.04 )

Ticonderoga believes that Windows 8.0 is likely to be the most significant operating system release by MSFT since Window 95. With major changes in user interface, support of touch, better performance, and backwards compatibility, Windows 8.0 should represent not only an upgrade cycle, but also an opportunity to garner success in other form-factors such as tablets.

Collins Stewart notes users it spoke to and… Continue

Added by ken flagg on September 14, 2011 at 8:06am — No Comments

SMF Notes FXI China Aug CPI +6.2% vs +6.5% in Aug 2010 (36.95 )

Aug PPI +7.3% vs +7.5% in Aug 2010
Aug Industrial Production +13.5% vs.+14.0% in Aug 2010
Aug Retail Sales +17.0% vs +17.2% in Aug 2010

Added by ken flagg on September 9, 2011 at 2:55pm — No Comments

SMF Notes FFIV F5 Networks upgraded to Buy at Stifel Nicolaus; tgt $84 (73.46 )

Stifel Nicolaus upgrades FFIV to Buy from Hold and sets target price at $84. While firm believes that there is risk to our numbers given the macro backdrop, it believes that the shares have gotten cheap enough that further downside potential is likely limited. As a backdrop, firm stress tested all its models. In that test, firm concluded that F5's 2012 estimates could see a downside of around 22% from $4.47 to $3.50. While the decline is fairly steep, firm believes… Continue

Added by ken flagg on August 25, 2011 at 2:55pm — No Comments

SMF Notes MMI Motorola Mobility/ Google (GOOG) Conference Call (24.47 ) -Update-

Mildly accretive on a non GAAP business; GOOG says it keeps plenty of financial flexibility; notes strong track record on acquisitions... see deal as opportunity to increase value to shareholders... Patent portfolio ramifications: says patents will help against AAPL; will protect Andriod eco system under threat from some companies; not prepared to talk about specific strategies; says MMI patents will help protect the ecosystem; MMI has over 17K patents worldwide;… Continue

Added by ken flagg on August 15, 2011 at 2:08pm — No Comments

SMF Notes WYNN Macau Gaming Inspection and Coordination Bureau reports July gross rev +48% YoY to ~$3.0 bln (153.68 )

Macau Gaming Inspection and Coordination Bureau reports July gross rev +48.4% YoY to 24.21 bln patacas (~$3.0 bln, just shy of May's all-time monthly high of 24.3 bln patacas), vs. +70% in July 2010; Macau Gaming rev is now +45% YTD.

Added by ken flagg on August 1, 2011 at 9:00am — No Comments

SMF Notes CME Group beats by $0.18, beats on revs (278.51 ) :

Reports Q2 (Jun) earnings of $4.38 per share, $0.18 better than the Capital IQ Consensus Estimate of $4.20; revenues rose 3.0% year/year to $838.3 mln vs the $819.6 mln consensus. The company expects 2011 total operating expense of $1.235 billion, down from $1.26 billion. The company expects 2011 total capital expenditures of $165 million, down from $180 million. For the second half of 2011, the company estimates an effective tax rate of approximately 42.5…

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Added by ken flagg on July 28, 2011 at 8:40am — No Comments

SMF Notes FSLR First Solar initiated with a Buy at Auriga; tgt $157 (124.12 )

Auriga initiates FSLR with a Buy and price target of $157 saying the co is the solar PV industry's low cost leader with a flexible business model targeted at the solar module and solar power project markets. They believe First Solar's efficient manufacturing, solid operational track record, and strong balance sheet positions it better than its peers to weather the continued ASP pressure across the solar PV value chain.…

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Added by ken flagg on July 25, 2011 at 1:09pm — No Comments

SMF Notes CF CF Industries upgraded to Buy at Dahlman Rose; tgt $180 (160.25 )

Dahlman Rose upgrades CF to Buy from Hold and sets target price at $180 saying they believe current year grain production challenges may lead to higher grain and nutrient prices. While shares have rallied 20% YTD, they believe nearterm momentum may lead to further upside.

Added by ken flagg on July 25, 2011 at 8:32am — No Comments

SMF Notes Baidu.com 2Q11 earnings preview; several new catalysts - Stifel Nicolaus (154.00 )

Stifel Nicolaus, for 2Q11, estimates rev of $503.8 mln, adjusted EBITDA of $305.9 mln, and diluted pro forma EPADS of $0.69 (consensus $502.3 mln/$290.0 mln/$0.66). Mgmt's 2Q11 guidance calls for rev between $493.3-503.9 mln. According to Analysys International, Baidu's market share in terms of search revenues has increased to 75.9%, compared to 75.8% in 1Q11. BIDU reports after the close. In July, Baidu released the beta version of its new Internet browser product… Continue

Added by ken flagg on July 25, 2011 at 8:28am — No Comments

SMF Notes MCD McDonald's beats by $0.07, beats on revs (86.54 )

Reports Q2 (Jun) earnings of $1.35 per share, $0.07 better than the Capital IQ Consensus Estimate of $1.28; revenues rose 16.1% year/year to $6.91 bln vs the $6.66 bln consensus. "Global comparable sales increased 5.6%, with the U.S. up 4.5%, Europe up 5.9% and Asia/Pacific, Middle East and Africa up 5.2%. "As we begin the third quarter, our momentum continues with July global comparable sales expected to be between 4 and 5%."

Added by ken flagg on July 22, 2011 at 8:34am — No Comments

SMF Notes GE General Electric beats by $0.02, beats on revs (19.16 )

Reports Q2 (Jun) earnings of $0.34 per share, $0.02 better than the Capital IQ Consensus Estimate of $0.32; revenues fell 3.5% year/year to $35.63 bln vs the $34.7 bln consensus. primarily driven by the absence of NBCU revenues after the sale of GE's majority position to Comcast. Excluding this impact, revs were up 7%. GE Capital Services' (GECS) revs decreased 1% from last year to $12.4 bln. Industrial sales of $23.0 bln decreased 6% YoY. Segment profit increased… Continue

Added by ken flagg on July 22, 2011 at 8:27am — No Comments

SMF Notes GOOG Google+ has reportedly had 20 mln unique visitors in first 3 weeks (606.99 )

Last week the company said it had 10 mln users.

Added by ken flagg on July 22, 2011 at 8:25am — No Comments

SMF Notes Wynn Resorts Q2 call summary (164.89 )

On July 3, WYNN matched its entire FY10 cash flow in Vegas. Brand recognition from China has boosted international business at Wynn's properties in Vegas. WYNN was expecting July to be the worst month of the year; with conventions picking up in August and October sold out; Q4 looks great. July occupancy surprised to the upside; bookings are coming in at the last minute, days in advance, at higher rates. Q2 hotel rev was a record; co's strength in non-gaming… Continue

Added by ken flagg on July 19, 2011 at 3:47pm — No Comments

SMF Notes IBM: Color on qtr (175.28 )

Ticonderoga notes, last night, IBM reported 2Q11 revenue of $26.7 bln (up 8% Q/Q) that handily outpaced the Street's estimate of $25.4 bln. IBM delivered 8% Q/Q sales and above the average sales uptick of 5% Q/Q over the past eight years. The overall tone of the call was positive. IBM highlighted strength across its hardware, services and software businesses, while the company remains on track to double its cloud revenue in 2011. Although the overall services… Continue

Added by ken flagg on July 19, 2011 at 3:45pm — No Comments

SMF Notes Google: Color on Quarter (528.94 ) -Update-

The Benchmark Company notes Google reported strong 2Q11 results, well ahead of Street expectations. Net rev growth accelerated for the eighth quarter in a row. Google sites drove the performance, particularly in international markets. CEO Larry Page's commentary about hiring and expenses was encouraging. They raise their 2011 rev growth estimate from 25% to 29% y/y and their adjusted EPS from $34.35 to $35.00 (consensus prior to Q: $33.80, now at $34.77); $700… Continue

Added by ken flagg on July 15, 2011 at 9:04am — No Comments

SMF Notes RVBD Riverbed Technology: Strength in the field continuing to play out - FBR Capital Markets (38.96 )

FBR notes 2Q11 (June) field checks on RVBD have been strong across geographies and end markets with some healthy linearity trends seen during the course of the quarter-a positive dynamic that gives us increased comfort with its ests on the heels of strong secular growth trends/solid execution in the field. In particular, FBR believes the co saw strength from the federal and financials verticals in the quarter, as a combination of a strong product cycle and… Continue

Added by ken flagg on June 30, 2011 at 8:53am — No Comments

SMF Notes V Color on final interchange rules -- slightly less onerous; uncertainty reduced - FBR Capital (86.57 )

FBR Capital views the final interchange rule as positive for shares of Visa (V) and MasterCard (MA), given the slightly higher-than-expected fee cap (they estimate the fee cap equates to $0.24 per average debit transaction) and the selection of alternative "A" regarding exclusivity. The issuance of the final rule removes a significant overhang from V and MA shares. They see the final rule as having less impact on AXP (excluded from the definition of "payment card… Continue

Added by ken flagg on June 30, 2011 at 8:48am — No Comments

SMF Notes FSLR Avian initiates select solar stocks (129.42 )

Thursday, June 30, 2011 8:00 AM

Avian initiates FSLR tgt $160, and JKS tgt $43 with Positives. The firm also initiates STP tgt $6.50, YGE tgt $8, and SPWRA tgt $10 with Negatives. The firm initiates CSIQ, HSOL, JASO, SOL, and TSL with Neutrals.

Added by ken flagg on June 30, 2011 at 8:23am — No Comments