Roku Inc.’s stock surged more than 400% through the first 11 months of the year, and Morgan Stanley analyst Benjamin Swinburne is concerned that it’s about to head in reverse. Swinburne downgraded Roku shares ROKU, -15.91% to underweight from equal-weight on Monday, writing that the stock looks far too expensive,Read More →
Demand for Apple’s new AirPods is surging ahead of Black Friday sales and the wireless earbuds could see shortages heading into the holiday season, according to Wedbush Securities analyst Daniel Ives. The technology company AAPL, +1.34% has reportedly ramped up production due to the success of its latest product. TheRead More →
Sonos Inc.’s product introductions and marketing improvements helped it top sales expectations in the latest quarter and the maker of speakers is feeling optimistic about the year ahead even as recent tariffs are expected to negatively impact results. The company posted a fiscal fourth-quarter net loss of $29.6 million, orRead More →
AMS launched a renewed $5 billion takeover bid for Osram on Thursday, hoping a lower shareholder acceptance requirement will be enough to secure its acquisition of the German lighting company. The Austrian smartphone sensor supplier is still offering the same price of €41 a share, but it now only needsRead More →
The competitive landscape has weighed heavily on the minds of Netflix Inc. investors. In slashing his price target on Netflix NFLX, +0.87% shares to $300 from $380, Evercore ISI analyst Vijay Jayant on Monday said investors are jittery about Netflix’s business model with “a number of new Internet TV serviceRead More →
