Tag Archive | "Apple Stock"
Apple grossly undervalued compared to other Tech companies
Andy Zaky is at it again, and provides an interesting analysis detailing how Apple is shockingly undervalued compared to other tech heavyweights. There really is no rational reason why Apple has fallen as much as it has while other Tech companies seemingly stay relatively better positioned. At the same time, Apple is one of the […]
Continue reading...Should Apple initiate a stock buy-back?
Thursday, October 30, 2008
Analyst Toni Sacconaghi of Sanford Bernstein suggested today that Apple should use part of its 25 Billion dollars in cash to buy back a good portion of its shares. Sacconaghi speculates that such a move could increase Apple’s earnings by as much as 75 cents a share in 2009. This, of course, sounds incredible — […]
Continue reading...Steve Jobs heart attack story was started by a teenager
Thursday, October 23, 2008
The recent hoax involving a fake rumor about Steve Jobs having a heart attack was started by a teenager, according to a recent report from Bloomberg. Less than a month ago, someone posted a story onto iReport, a user generated news website run by CNN, stating that Steve Jobs had suffered a heart attack and […]
Continue reading...More on Apple’s stellar earnings
Thursday, October 23, 2008
Bullish Cross has the scoop here. “In its recently reported fiscal fourth quarter, Apple’s adjusted net income grew approximately 124.6% from $1.085 billion in Q4 2007 to $2.437 billion in Q4 2008—an extraordinary number when fully accounting for iPhone sales in both periods. Just as impressive is Apple’s 75.1% grow rate in sales. Apple’s adjusted […]
Continue reading...Analyzing the Analysts after Apple’s Q4 Earnings Report
Wednesday, October 22, 2008
With Apple’s Q4 Earnings report behind us, it’s time to go back and see how the analysts did. The most accurate estimates are highlighted in green, and the least accurate are highlighted orange. As you can see below, most iPod estimates were more or less in the right ballpark, while iPhone estimates were all over […]
Continue reading...More Analysts react to Apple’s Earnings Report
Wednesday, October 22, 2008
More analysts have come out with updated targets for Apple. AppleInsider has the scoop here.
Continue reading...USB and Credit Suisse downgrade Apple Stock
Wednesday, October 22, 2008
Today Credit Suisse cut its target price for Apple stock down to $110 from a previous target of $145. USB also downgraded their target price for Apple down to $115 from a previous target of $125 citing market uncertainty and deteriorating economic conditions. Interestingly enough, Apple is trading up 7 points today on the good […]
Continue reading...Apple beats earnings estimates, sells 2.6 million Macs, gives range of guidance
Tuesday, October 21, 2008
Apple Earnings Highlights Apple reached its goal of selling 10 million iPhones in 2008 Apple sold more iPhones this quarter than RIM did Blackberry’s Apple sold more Macs this quarter (2.6 million) than they did in any other previous quarter Apple set a record for most iPods sold in a non-holiday quarter Apple will sell […]
Continue reading...Apple set to report Q4 Earnings October 21
Sunday, October 19, 2008
Apple will announce its Q4 earnings this Tuesday, and like usual, even if Apple blows past all estimates, the stock will likely tank if its guidance for the next quarter isn’t up to par with what analysts are expecting. AppleInsider is reporting that one of the key pieces of information analysts will be paying attention […]
Continue reading...Another analyst downgrades Apple Stock
Friday, October 10, 2008
With the economy flailing, Apple’s struggling stock can’t catch a break. Already at 52 week low levels, the stock was downgraded by Oppenheimer to $145 from $213. A jump from its current price of $88 to $145 is still over a 50% increase, and getting into the stock now at this basement level seems to […]
Continue reading...UBS cuts Apple estimates and price target
Monday, October 6, 2008
UBS cut its price target on Apple to 125, down from a previous target of 195. The reason for the lowered price target and lowered earnings estimates is obviously the current economic downturn we’re all in. In spite of this, Apple seems well positioned to weather the storm a lot better than most other consumer […]
Continue reading...Apple denies report of Steve Jobs heart attack as stock plummets 10 points
Friday, October 3, 2008
A story on CNN’s iReport website claimed that Apple CEO was rushed to the hospital following a massive heart attack. As news of the story broke, Apple’s shares plumeted 10 points. The stock returned to normal levels once Apple categorically denied the story. CNN’s iReport is a forum for ordinary citizens to report the news, […]
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Thursday, October 30, 2008
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