Nokia Co. (NYSE: NOK), Electronic Arts Inc. (NYSE: EA), Yahoo! Inc. (NASDAQ: YHOO), Google Inc. (NASDAQ: GOOG), Micron Technology, Inc. (NYSE: MU) and ON Semiconductor (NASDAQ: ONNN) ratings and price targets.
Electronic Arts Inc. (EA) had its price target lowered by Brean Murray from $28.00 to $22.00. They have a “Buy” rating on the company.
Global Equities Research reiterated its “Equal Weight” rating on Yahoo! Inc. (YHOO). They have a price target of $12.00 on the company.
BGC Financial reiterated its “Equal Weight” rating on Google Inc. (GOOG).
Nomura (NYSE:NMR) reiterated its “Equal Weight” rating on Micron Technology, Inc. (MU).
Nomura reiterated its “Equal Weight” rating on Nokia Co. (NOK).
ON Semiconductor (ONNN) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating. They have a price target of $11.00 on the company, up from $7.00.
Showing posts with label Nokia. Show all posts
Showing posts with label Nokia. Show all posts
Friday, January 20, 2012
Thursday, June 2, 2011
Analysts' Responses to Nokia (NOK) Transition Woes
Nokia (NYSE:NOK), unsurprisingly, experienced several downgrades and a lowering of its price target from analysts, as the company announced it is struggling with its lower-end mobile phone models as it transitions to the Windows Phone 7 platform of Microsoft (NASDAQ:MSFT) for the more profitable smartphone segment.
Wedbush slashed their price target on Nokia Co. (NOK) from $8.50 to $7.00. They have a “neutral” rating on the company.
Sanford C. Bernstein downgraded Nokia Co. from a “market perform” rating to an “underperform” rating.
Canaccord Genuity downgraded Nokia Co. from a “buy” rating to a “hold” rating. They have a price target of $8.00 on the company, down from $11.00.
Goldman Sachs (NYSE:GS) downgraded Nokia Co. from a “buy” rating to a “neutral” rating.
WestLB downgraded Nokia Co. from a “neutral” rating to a “reduce” rating.
Wedbush slashed their price target on Nokia Co. (NOK) from $8.50 to $7.00. They have a “neutral” rating on the company.
Sanford C. Bernstein downgraded Nokia Co. from a “market perform” rating to an “underperform” rating.
Canaccord Genuity downgraded Nokia Co. from a “buy” rating to a “hold” rating. They have a price target of $8.00 on the company, down from $11.00.
Goldman Sachs (NYSE:GS) downgraded Nokia Co. from a “buy” rating to a “neutral” rating.
WestLB downgraded Nokia Co. from a “neutral” rating to a “reduce” rating.
Tuesday, May 31, 2011
Nokia (NOK) Crushed on Low-End Business Outlook
The market was responding to the warning from Nokia (NYSE:NOK) today that in the second quarter the company will face pressure on its lower end products in China and Europe, which had been the short-term hope of the company while it transfers to the Windows Phone 7 from Microsoft (NASDAQ:MSFT) in the smartphone segment.
Nokia said sales from its devices and services division would only break even for the quarter, far below the estimated €6.1 billion to €6.6 billion it had projected.
Many are acting surprised by this, but it had to be expected as the company moves toward the more lucrative smartphone market as its major strategy.
But the idea was for Elop and Nokia to reasonably defend its low-end phones while it made that transition; something apparently they're having a difficult time doing.
In the first quarter Nokia's operating profit in the devices and services segment was $985.6 million. This quarter the company may only break even, suggesting possible losses or very meager gains.
Naysayers are already making the entire strategy of Nokia look questionable, as to its shift to Microsoft, but again, this can't really come as a surprise, because the company knew its competitors were going to come after them in the low-end market while they transitioned to the more lucrative smartphone market.
All the announcement today does is confirm what most already knew, although it's being peddled as a surprise.
The only real question was how deeply Nokia was going to be affected during the transition, not if it was going to be affected.
Either way, the market is responding as if it was caught off guard and is punishing the company today.
Shares in New York are trading at $7.05, falling $1.14, or 13.96 percent, as of 1:13 PM EDT.
Nokia said sales from its devices and services division would only break even for the quarter, far below the estimated €6.1 billion to €6.6 billion it had projected.
Many are acting surprised by this, but it had to be expected as the company moves toward the more lucrative smartphone market as its major strategy.
But the idea was for Elop and Nokia to reasonably defend its low-end phones while it made that transition; something apparently they're having a difficult time doing.
In the first quarter Nokia's operating profit in the devices and services segment was $985.6 million. This quarter the company may only break even, suggesting possible losses or very meager gains.
Naysayers are already making the entire strategy of Nokia look questionable, as to its shift to Microsoft, but again, this can't really come as a surprise, because the company knew its competitors were going to come after them in the low-end market while they transitioned to the more lucrative smartphone market.
All the announcement today does is confirm what most already knew, although it's being peddled as a surprise.
The only real question was how deeply Nokia was going to be affected during the transition, not if it was going to be affected.
Either way, the market is responding as if it was caught off guard and is punishing the company today.
Shares in New York are trading at $7.05, falling $1.14, or 13.96 percent, as of 1:13 PM EDT.
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