|Bid||157.83 x 800|
|Ask||157.77 x 800|
|Day's Range||156.44 - 158.78|
|52 Week Range||120.89 - 171.78|
|Beta (5Y Monthly)||1.22|
|PE Ratio (TTM)||57.65|
|Earnings Date||Feb 3, 2020 - Feb 7, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||162.00|
Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of June. At Insider Monkey, we follow nearly 750 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are […]
(Bloomberg) -- Google is facing a U.K. investigation into its $2.6 billion takeover of data company Looker Data Sciences Inc., opening up another front in the Alphabet Inc. unit’s ongoing battle with lawmakers.The Competition and Markets Authority on Thursday said that it issued an initial enforcement order, which prevents companies from integrating their services while the regulator carries out a early-stage review of the acquisition. The CMA has asked for comments on the deal by Dec. 20 before it decides whether to begin a formal probe.Google announced in June that it planned to buy U.S.-based Looker for its cloud unit, which lags far behind Amazon.com Inc. and Microsoft Corp. with just 4% of the cloud-computing infrastructure market as of 2018, according to the most-recent figures from analyst Gartner Inc. U.S. regulators cleared the deal in November.The U.K. review -- likely to focus on how Google plans to wield its power over data -- comes as Margrethe Vestager, the European Union’s Competition Commissioner, leads the charge into looking into how companies collect and use information. In August, she called tech giants “robot vacuum cleaners” sucking up valuable data in a way that can undermine competition.Vestager is currently investigating “the data business model” used by Google and others to collect information on how people use the web. She said the EU has posed “many questions to Google and others to get their views” and help the EU understand how the industry works, with a focus on contractual terms.Google agreed to buy smartwatch maker Fitbit Inc. for $2.1 billion. The tie-up, announced in October, has come under scrutiny from U.S. lawmakers.Though Google isn’t a leader in smartwatches or fitness trackers, regulators in the U.S. and elsewhere will likely have questions about what Google intends to do with the data Fitbit users have shared over the years, including intimate health and location information.\--With assistance from Jonathan Browning.To contact the reporter on this story: Giles Turner in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Peter Chapman, Nate LanxonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- U.S. antitrust enforcers have broadened their scrutiny of Amazon.com Inc. beyond its retail operations to include its massive cloud-computing business, according to people familiar with the matter.Investigators at the U.S. Federal Trade Commission have been asking software companies recently about practices around Amazon’s cloud unit, known as Amazon Web Services, said the people, who declined to be named because they weren’t authorized to speak publicly.The outreach by the FTC signals that the agency, which is already looking at Amazon’s conduct in its vast online retail business, is taking a broader look at the company to determine whether it could be violating antitrust laws and harming competition.The FTC and Amazon declined to comment. The agency’s scrutiny won’t necessarily result in an enforcement action against the company.AWS dominates the market for foundational cloud-computing technology that provides the storage and computing power needed to run applications. It is several times bigger than its next largest rival, Microsoft Corp.’s Azure, according to analyst estimates. Gartner Inc. puts AWS’s share at 48% and Microsoft’s at 16%.AWS accounted for 60% of Amazon’s operating income in the most recently reported 12 months. The unit’s profitability in recent years has helped keep investors happy even as the company continues to spend heavily to expand both its retail and cloud-computing businesses.Amazon also sells an array of products that run on top of those basic services, such as databases, machine-learning tools and data-warehousing products. It competes with hundreds of other software companies large and small that offer similar products.One issue the FTC could look at is whether Amazon has an incentive to discriminate against those software companies, which sell their products to clients of AWS, while at the same time competing with Amazon. The fear is that Amazon could punish the companies that work with other cloud providers and favor those that it works with exclusively.The dynamic echos that in Amazon’s retail marketplace, where third-party sellers depend on the platform to reach customers because of its size, but in many cases they also compete with Amazon’s own products. That’s a conflict that threatens competition, according to critics.The FTC’s Amazon inquiry is part of antitrust investigations sweeping across the technology industry. Federal and state authorities are investigating Alphabet Inc.’s Google and Facebook Inc. while the House Judiciary Committee is examining conduct of those companies as well as Amazon and Apple Inc.\--With assistance from Matt Day.To contact the reporters on this story: Dina Bass in Seattle at firstname.lastname@example.org;David McLaughlin in Washington at email@example.com;Naomi Nix in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Sara Forden at email@example.com, ;Jillian Ward at firstname.lastname@example.org, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
When we invest, we're generally looking for stocks that outperform the market average. And the truth is, you can make...
Phone sales contracted by 0.4% compared to one year ago, Gartner reported. Apple's share of smartphone sales fell to 10.5%, compared to 11.8% in the third quarter of 2018. "For the majority of smartphone users, desire has shifted away from owning the least expensive smartphone," said Anshul Gupta, a senior research director at Gartner, in a statement.
(Bloomberg) -- Dell Technologies Inc. will offer business clients more flexible, on-demand buying options for products like servers and personal computers, seeking to counter the lure of cloud services from Amazon.com Inc. and Microsoft Corp.Customers will now be able to use Dell’s hardware based on their consumption, as a service, or through a subscription, the Round Rock, Texas-based company said Tuesday in a statement.Dell and its hardware peers have been under pressure to offer corporate clients the flexibility and simplicity of infrastructure cloud services. Public cloud titans such as Amazon Web Services and Microsoft Azure have cut demand for data-center hardware as more businesses look to rent computing power rather than invest in their own server farms. Rival Hewlett Packard Enterprise Co. said in June that it would move to a subscription model by 2022. Research firm Gartner Inc. predicts 15% of data-center hardware deals will include pay-per-use pricing in 2022, up from 1% in 2019, Dell said.“We really think it’s an important time for Dell to simplify the way we offer our portfolio and meet customers’ needs,” Sam Grocott, Dell’s senior vice president of product marketing, said in an interview. “This type of a model – as a service – was born in the cloud. As organizations have leveraged this model in the past, they have come to like it.”Dell is making it easier for clients to upgrade their hardware since they don’t have to spend a large amount of capital expenditures upfront, but can pay a smaller amount each month that counts toward a company’s operating expenditures. For the consumption programs, customers pay for the amount of storage or computing power they use. Companies can also hire Dell to completely manage their hardware infrastructure for them.While Dell’s overall sales climbed 2% in the quarter that ended Aug. 2, demand for its servers and networking gear dropped 12% in a reversal from last year, when there was unprecedented customer interest in the products.Dell still expects the vast majority of customers to pay upfront for products in the next three to five years, Grocott said.To contact the reporter on this story: Nico Grant in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Upslope Capital Management, a Denver-based alternative investment management firm, recently released its 2019 Q3 Investor Letter – download a copy here. The investment management company had a good quarter, returning 6.8% for the quarter, bringing its year-to-date return to 26.4%. During the same quarter, the S&P Midcap 400 ETF (MDY) and HFRX Equity Hedge Index respectively returned -0.2% and 1.8%. The investor provided […]
Nielsen Holdings is breaking apart—a huge step for the company, known for tracking TV shows’ popularity—yet investors aren’t impressed.
We'd be surprised if Gartner, Inc. (NYSE:IT) shareholders haven't noticed that the Executive Vice President of Human...
(Bloomberg Opinion) -- Fujifilm Holdings Corp. has a chance to get its focus back. The Japanese maker of copiers, cameras and health devices has extricated itself from a messy and time-consuming merger dispute with Xerox Holdings Corp. in a fashion that will relieve investors.The company will pay $2.3 billion to buy 25% of Fuji Xerox from its storied U.S. partner, taking full ownership of their 57-year-old venture. Fujifilm shares jumped 6.7% in Tokyo after the Wall Street Journal reported on the deal before trading closed. That was the biggest gain since the company launched its abortive $6.1 billion takeover bid for Xerox in January 2018.The price looks reasonable, valuing the venture at about one year of sales. Fuji Xerox had revenue of 1 trillion yen ($9.2 billion) in the fiscal year through March. Printers and copiers are hardly a growth business as the world increasingly goes digital. Global printer shipments are expected to drop 2% annually in the five years through 2023, according to figures from Gartner Inc. Yet Fujifilm’s document solutions division (which houses Fuji Xerox) had an operating margin of 9.5% last year, higher than 9.4% for the healthcare and materials solutions unit that is the company’s main growth driver these days.More importantly, the purchase is a clean solution that leaves Fujifilm free from distractions to concentrate on its business. The pursuit of Xerox plunged the company into a two-year morass. Activist investors Carl Icahn and Darwin Deason opposed the takeover, saying it undervalued Xerox. Lawsuits followed, Xerox’s CEO was pushed out, and the deal foundered. Fujifilm, which sued Xerox for $1 billion over the failed takeover, said Tuesday it will withdraw its lawsuits.It’s open to debate whether the acquisition was the right strategic step for Fujifilm. Harder to defend is the company’s decision to stay in the battle once Icahn and Deason had prevailed and pushed Xerox to reject the approach. Pride more than cold business calculation may have had something to do with that. Fujifilm’s chief executive officer, Shigetaka Komori, hates losing and won’t give up easily, a person close to the company told the Financial Times in May 2018.Tuesday’s reaction in Fujifilm shares probably owes as much to the curtailment of those entanglements as to the financial terms of the transaction. Full ownership of Fuji Xerox “will facilitate faster decision making in a rapidly changing business environment,” as Komori noted in the company’s statement. Copy that. To contact the author of this story: Nisha Gopalan at email@example.comTo contact the editor responsible for this story: Matthew Brooker at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Today we'll evaluate Gartner, Inc. (NYSE:IT) to determine whether it could have potential as an investment idea...
NEW YORK, NY / ACCESSWIRE / October 31, 2019 / Gartner, Inc. (NYSE: IT ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on October 31, 2019 at 8:00 AM Eastern ...
Only 36% of diversity and inclusion (D&I) leaders report that their organization has been effective at building a diverse workforce, according to Gartner, Inc. Gartner research also reveals that 80% of organizations rate themselves as ineffective at developing a diverse and inclusive leadership bench. Gartner analysts are discussing D&I and the role of HR in reimagining the future of work to drive performance across the organization in front of more than 1,700 CHROs and senior HR executives at the Gartner ReimagineHR conference, which is taking place here through today. According to a recent Gartner survey, only one-third of employees agree that they have the ability to influence inclusion at their organization.
Gartner, Inc. (IT), the world’s leading research and advisory company, today announced that Craig Safian, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the J.P. Morgan Ultimate Services Investor Conference 2019 in New York City. Gartner’s presentation is scheduled for 11:15 a.m. ET on Wednesday, November 13, 2019.
Employee experience remains a top talent concern for HR leaders, yet 46% of surveyed employees report they are largely dissatisfied with their overall experience at their organization, according to Gartner, Inc. Gartner analysts are discussing the importance of the modern employee experience and how it affects an organization’s overall success in front of more than 1,700 chief human resource officers (CHROs) and senior HR executives at the Gartner ReimagineHR conference, which is taking place here through Wednesday.
Only 9% of chief human resources officers (CHROs) agree that their organization is prepared for the future of work, according to Gartner, Inc. To drive future performance – of the organization, employees and the community at large – senior HR leaders must focus on five areas of work. Gartner analysts are discussing talent issues and the role of HR in reimagining the future of work to drive performance across the organization in front of more than 1,700 CHROs and senior HR executives at the Gartner ReimagineHR conference, which is taking place here today through Wednesday. “Tackling this next phase – the future of work – involves planning for and leveraging the changes in the way work gets done over the next decade, influenced by social, generational and technological shifts,” said Brian Kropp, chief of research for the Gartner HR practice.
Gartner (IT) third-quarter 2019 revenues are likely to have benefited from strength across each of the three business segments - Research, Conferences, and Consulting.
(Bloomberg) -- Intel Corp. gave an upbeat sales and profit forecast, citing improved demand for semiconductors that power cloud-computing data centers, and shrugged off concerns that the trade dispute between the U.S. and China is hurting the electronics industry.The chipmaker late Thursday predicted fourth-quarter revenue and profit will come in ahead of analysts’ projections, sending the stock about 3% higher in after-hours trading. Intel also reported better-than-expected third-quarter results.While Intel’s peers are reporting increasing difficulties amid the China-U.S. trade standoff, the company is benefiting from a rebound in orders for the lucrative server chips that run giant data centers. Intel’s customers are buying more of its priciest chips, boosting revenue even as the number of total units sold declined slightly. The company also committed to buying back an additional $20 billion of its own stock in the next 18 months, a move that Chief Executive Officer Bob Swan said underlines Intel’s belief that investors should have more faith in its growth plan.“The headline number was impressive, ” said Stacy Rasgon, an analyst at Sanford C. Bernstein. “The controversy will come around how much of this is sustainable.”Demand for the company’s chips is “fundamentally strong,” Chief Financial Officer George Davis said in an interview. Unlike some other chipmakers, Intel isn’t seeing demand being hit by the trade tensions. Moves by some customers to stockpile chips ahead of tariffs that may increase prices doesn’t explain the majority of the improvements, he said.“China was a modest positive relative to expectations,” he said.Intel shares jumped as high as $56.95 in extended trading following the report. The stock had earlier closed at $52.23 in New York trading. Shares have gained 11% this year.Sales in the third quarter were little changed at $19.2 billion, the Santa Clara, California-based company said. Analysts on average had predicted $18 billion, according to data compiled by Bloomberg. Net income was $6 billion, or $1.35 a share, compared with estimates for $1.17 a share. Gross margin, or the percentage of sales remaining after deducting the cost of production, was 58.9% in the quarter.Revenue in the current period will be about $19.2 billion, and net income will be about $1.28 a share, Intel said Thursday in a statement. That compares with average analysts’ estimates of $18.9 billion and $1.16 a share. Shares climbed about 3% in late trading.Intel’s stock price has lagged behind those of its peers in the Philadelphia Stock Exchange Semiconductor Index, which has gained 40% this year. The company has been struggling with manufacturing and supply problems and weaker underlying demand in the computer chip markets it dominates. Delays in bringing new production techniques online have given rival Advanced Micro Devices Inc. the opportunity to roll out chips that may be better than big parts of Intel’s lineup.Intel’s Swan and Davis told analysts that they haven’t seen a significant shift in the competitive environment. Swan committed to increasing the output of Intel factories next year so that customers get all of the chips they need. Shortages have been the company’s biggest problem this year, he said. The company will offer its first chip made with 7-nanometer-process technology in the fourth quarter of 2021 and is aiming to regain the lead in the introduction of new techniques.Earlier this week, Texas Instruments Inc. gave a weaker-than-expected forecast and warned that trade tension is making customers far more cautious. On Wednesday, Xilinx Inc., a maker of programmable chips, said it’s still waiting for the U.S. government to approve its application for a license to ship some products to Huawei Technologies Co. and has been forced to exclude all revenue from the Chinese company from its financial targets.Intel’s Xeon processors account for more than 95% of the market for chips that run servers, the machines that provide the backbone of the internet and corporate networks. In the third quarter, the data-center division posted revenue of $6.38 billion, a gain of 4%.Intel’s data-center customers actually bought fewer chips -- volume in the division shrank 6% by units. The boost in revenue came from sales of more expensive models in the Xeon line, which lifted the average selling price by 9%.Revenue at Intel’s Mobileye automotive-chip unit surged 20% from a year earlier to $229 million. Its internet of things division, which makes chips for connected devices outside of computers and phones, had revenue of $1.01 billion, up 9.4% from the same period in 2018. Memory also improved with sales up 19% at $1.29 billion.Only its PC-chip unit had a decline, shrinking 5.1% to $9.7 billion in the recent period. Davis said that was related to Intel’s inability to meet some orders, something that the company aims to fix next year. Overall, worldwide shipments of PCs increased 1.1% in the third quarter, fueled by companies upgrading to Microsoft Corp.’s latest Windows software, researcher Gartner Inc. said earlier this month. Unit shipments climbed to 68 million units in the period that ended Sept. 30.(Updates with analyst’s comments in fourth paragraph.)To contact the reporter on this story: Ian King in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Gartner (IT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Windows has become nearly synonymous with Microsoft. The flagship product of Microsoft, it's long been the favorite operating system of enterprise clients.