205.28 0.00 (0.00%)
After hours: 6:29PM EDT
|Bid||204.60 x 1100|
|Ask||204.70 x 800|
|Day's Range||205.12 - 207.76|
|52 Week Range||142.00 - 233.47|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||16.94|
|Earnings Date||Apr 30, 2019|
|Forward Dividend & Yield||2.92 (1.54%)|
|1y Target Est||199.77|
Goldman Sachs gets bearish on Apple, it's the Final Round Call of the Day.
Law Offices of Howard G. Smith announces an investigation on behalf of Apple, Inc. investors (“Apple” or the “Company”) (NASDAQ: AAPL) concerning the Company and its officers’ possible violations of federal securities laws. On January 2, 2019, after the close of the market, Apple announced that it would miss its previous quarterly revenue forecast for the first time in fifteen years and reported $84 billion revenue for first quarter 2019, compared to the expected range of $89 billion to $93 billion. The Company attributed the revenue miss to falling iPhone sales in China and to price cuts for iPhone battery replacements, which impacted iPhone sales.
Apple's Earnings Could Fall after Rising for Nine Quarters(Continued from Prior Part)Analysts on Apple stock According to the latest data compiled by Reuters, 52% of analysts covering Apple (AAPL) gave it a “buy” recommendation. The remaining 44%
NEW YORK, NY / ACCESSWIRE / April 25, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...
Bernstein Liebhard LLP announced today that approximately seven weeks remain to make a motion for lead plaintiff in an Apple class action pending in the United States District Court for the Northern District of California on behalf of all persons or entities (the “Class”) who purchased the common stock of Apple Inc. (“Apple” or the “Company”) (AAPL) during the period between November 2, 2018 and January 2, 2019 (the “Class Period”). The complaint alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Apple, Inc. (“Apple” or the “Company”) (AAPL) of the June 17, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. If you invested in Apple stock or options between November 2, 2018 and January 2, 2019 and would like to discuss your legal rights, click here: www.faruqilaw.com/AAPL. There is no cost or obligation to you.
Apple's Earnings Could Fall after Rising for Nine Quarters(Continued from Prior Part)Apple’s Q2 2019 earningsIn April so far, Apple (AAPL) has outperformed the broader market by a wide margin. As of Tuesday closing, it was trading with 9.2% gains
Apple's (AAPL) second-quarter fiscal 2019 earnings are expected to benefit from strength in services, as iPhone sales are estimated to decline due to lackluster demand.
Facebook (FB) shares soared through morning trading Thursday after the company reported stronger-than-expected revenue results and helped prove to Wall Street that privacy worries are overblown. So, is now the time to buy Facebook stock?
Apple's Earnings Could Fall after Rising for Nine Quarters(Continued from Prior Part)Apple’s Q2 2019 earnings Wall Street analysts’ latest estimates suggest that weakness in Apple’s (AAPL) revenue is likely to continue in the quarter ended in
Apple's Earnings Could Fall after Rising for Nine Quarters(Continued from Prior Part)Apple In the last three months, Apple (AAPL) has managed to regain Wall Street’s confidence partly with the help of its improving services segment performance.
Apple's Earnings Could Fall after Rising for Nine QuartersApple Apple (AAPL) is scheduled to release its second quarter of fiscal 2019 results on April 30 after markets close. 2019 began on a terrible note for the company, as its stock fell 10.0% on
At least four firms have raised their price targets on the stock over the past two days, but in each case, the call was tempered with caution, particularly over iPhone sales. Wolfe Research lifted its target by $10 to $185 on Thursday but said it “wouldn’t chase” the shares, which it described as overbought. “The iPhone faces headwinds, China relations still could blow up, we don’t see major new hardware in the next 12 months, and the stock’s discount to the market has closed,” analyst Steven Milunovich wrote in a note to clients.
Investing.com - Intel (NASDAQ:INTC) shares fell more than 6% after hours Thursday after forecasting lower-than-expected results for the second quarter.
By and large, investors shrugged off the fact that Netflix (NASDAQ:NFLX) will be taking on another $2 billion of debt. Indeed, with Netflix stock jumping another 1.2% on Tuesday following Monday's 4.7% post-earnings gain, the market almost seems to be celebrating the streaming giant's indebtedness.Source: Shutterstock Sooner or later though, debts have to stop growing and start being paid off. A company can't burn cash in perpetuity. * 7 Dividend Stocks That Could Double Over the Next Five Years Fans of Netflix stock are generally quick to argue that that day is coming, sooner or later. With "just a little more subscriber growth," they say, NFLX will be self-sustaining and will be able to fund its content-creation operations without borrowing.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPulling off that feat, however, has become significantly more difficult now than it would have been just a few months ago. Debt Continues to Pile UpFor more than a year. NFLX has been spending more and more on video content -- both home-grown and from third parties -- as a means of growing its subscriber base.The approach appears to be working too. Netflix has reportedly budgeted $15 billion for content this year, up from 2018's $12 billion, and last quarter's total subscriber count of 148.86 million set another record. Both numbers have been growing in tandem for years.Netflix has yet to achieve true profitability though.Some investors will argue that point. For the first quarter of 2019, Netflix reported an operating profit of 76 cents per share of Netflix stock, up from the 64 cents per share of NFLX stock the company reported in the same quarter a year earlier.Cash flow remains uncomfortably negative, though. Last quarter's operational cash flow was a negative $379.8 million, growing from the negative cash flow of $236.8 million reported for the first quarter of 2018.Non-GAAP free cash flow grew from a negative $286.5 million in the first quarter of 2018 to a negative $459.9 million in Q1 of this year.In fact, Netflix hasn't reported positive cash flow since the second quarter of 2014. Rising content costs are part of the reason for that.Also contributing to the red ink are the rising interest payments on the junk-rated debt that Netflix continues to issue to fund that content creation and curation. So are increasing marketing costs, which are even more necessary, given new competition from the likes of Walt Disney (NYSE:DIS) and now Apple (NASDAQ:AAPL).The question not enough people are asking is: What's the endgame? When and where might Netflix stop adding debt at a faster clip than it's adding revenue and subscribers?The graphic below puts things in perspective, visually. All the numbers, with the exception of long-term debt, are based on the company's Q1 report which it released on Apr. 16. The bar that reflects long-term debt has been adjusted to reflect the $2 billion in additional debt NFLX recently announced that it plans to take on.Few serious investors would dispute that companies have to spend money to make money. The question for NFLX now is simply, at what point do any of these numbers start to make their long-awaited pivot? The Outlook of Netflix StockA handful of professional and amateur analysts will attribute Netflix's new content-related debt to Disney's and Apple's foray into the streaming-video waters. And that argument probably has some credibility.But the main concern facing Netflix stock at this point is -- as it has been for several quarters -- what's the endgame for NFLX? Is there one? Will Netflix ever reach a point where it can grow its subscriber base without adding tons of new content?In the meantime, a new wrinkle has developed. Even if Netflix does somehow find a cash-generating balance between subscriber counts and content spending, will anyone else in the space allow that to continue for very long?Disney is clearly deep in the game with a majority stake in Hulu as well as with an impending launch of Disney+. The aforementioned Apple is also stepping up its presence, even if its seevice will mostly feature content from third-party providers.AT&T (NYSE:T) is finally going to do something on its own, utilizing Time Warner. In the meantime, Amazon Prime may not be crushing its competitors, but it's making waves, and funneling people toward Amazon.com (NASDAQ:AMZN.) All of these competitors are going to force Netflix to spend more, in exchange for less revenue.The profit opportunity on this latest $2 billion in debt seems much weaker than the ROI prospects of its first $2 billion of debt. The strength of the arguments of those who are bullish on Netflix stock continues to fade.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks That Could Double Over the Next Five Years * 6 S&P 500 Stocks Ready to Break Out * 5 Mining ETFs to Dig Into Compare Brokers The post Netflix's Debt Makes It Tough to Be Bullish on Netflix Stock appeared first on InvestorPlace.
NEW YORK, April 25, 2019 -- The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a.
Microsoft, Apple and Amazon.com Inc have taken turns in recent months to rank as the world's most valuable U.S.-listed company. Apple last traded at $205.91, giving it a market cap of $970.92 billion.