HP Inc Rod Hall, CFA; Raghunathan, Rajagopal RK; Kesireddy, Ashwin ...
J.P. Morgan Equities Research Reports,
10/2016
Report
We attended HP's 2016 SAM in New York. On the positive side the management team seems to be gaining momentum with various cost reduction and product initiatives against a tough market backdrop. ...However, cashflow guidance was below Street expectations and commentary on the PC market was more cauti...
Rod Hall's Daily Download Rod Hall, CFA; Kesireddy, Ashwin; Raghunathan, Rajagopal RK ...
J.P. Morgan Equities Research Reports,
10/2016
Report
HPQ 2016 SAM Takeaways: Shareholder return increased, PC commentary cautious. Reit. Neutral, Rod Hall, CFA: HPQ offers enticing potential growth in the A3 and 3D markets but the shorter term outlook ...continues to be challenged by weak core PC and Printing markets as well as lower profits driven by...
Rod Hall's Daily Download Rod Hall, CFA; Kesireddy, Ashwin; Raghunathan, Rajagopal RK ...
J.P. Morgan Equities Research Reports,
10/2016
Report
Ericsson: Bad news continues on the sales front. Mix causes greater earnings impact. Cyclical bottom close, Reit OW, Sandeep Deshpande (Telco Networking: Negative): Ericsson has pre-announced 3Q16, ...blaming very weak sales in Latin America, Middle East and Russia. However, the miss vs. JPMe/consen...
Rod Hall's Daily Download Rod Hall, CFA; Kesireddy, Ashwin; Raghunathan, Rajagopal RK ...
J.P. Morgan Equities Research Reports,
10/2016
Report
October Hall Monitor: Our sector outperformed the S&P 500 this month with a 3.8% gain vs. the S&P at just +0.5%. Our weighted return was a touch better at 4.0% helped by a good performance from ...highly ranked LITE, INFN and ADTN. Lowly ranked CSCO also underperformed as did lowly ranked NTAP. Look...
Our sector outperformed the S&P 500 this month with a 3.8% gain vs. the S&P at just +0.5%. Our weighted return was a touch better at 4.0% helped by a good performance from highly ranked LITE, INFN ...and ADTN. Lowly ranked CSCO also underperformed as did lowly ranked NTAP. Looking into the end of th...
Seagate Technology Rod Hall, CFA; Raghunathan, Rajagopal RK; Kesireddy, Ashwin ...
J.P. Morgan Equities Research Reports,
10/2016
Report
Seagate reported a positive pre-announcement with revenue beating by 2% and gross margin beating by 2pp. The company said this was driven by strength in high capacity enterprise drives. However, opex ...was higher than expected driven by higher variable compensation due to the better revenues. On th...
Seagate Upgrade and HDD Update Rod Hall, CFA; Raghunathan, Rajagopal RK; Kesireddy, Ashwin ...
J.P. Morgan Equities Research Reports,
10/2016
Report
We are upgrading Seagate to Neutral as we raise our HDD numbers driven by more stable trends in the PC market. In addition, high speed drives shipped to servers look like they may decline more slowly ...than HDD array performance drives. We also expect hard drive sales to consoles to ramp further in...
Viavi Rod Hall, CFA; Kesireddy, Ashwin; Raghunathan, Rajagopal RK ...
J.P. Morgan Equities Research Reports,
10/2016
Report
We are upgrading Viavi to Overweight from Neutral and establishing a Dec 2017 price target of $10 (our Dec 2017 price target was $7.50) as our SoTP implies meaningful upside should the company ...improve NSE's operating profits. We believe that better spending in multiple testing end markets could a...
Rod Hall's Daily Download Rod Hall, CFA; Kesireddy, Ashwin; Raghunathan, Rajagopal RK ...
J.P. Morgan Equities Research Reports,
10/2016
Report
2017 Outlook: Early Take: Stock picks and themes heading into 2017, Rod Hall, CFA. Click here for the presentation. Seagate Upgrade and HDD Update: Upgrading Seagate to N. Raising forecasts driven by ...better PC trends and more stable performance drives, Rod Hall, CFA: We are upgrading Seagate...
Rod Hall's Daily Download Rod Hall, CFA; Kesireddy, Ashwin; Raghunathan, Rajagopal RK ...
J.P. Morgan Equities Research Reports,
10/2016
Report
3Q16 preliminary results; All about smartphones, which face a structural issue, JJ Park: LG Electronics reported 3Q16 headline numbers with sales of W13.2 trillion (JPMe: W13.7 trillion) and OP of ...W283 billion (JPMe: W310 billion). Both sales and OP declined 6% Y/Y and 4% Y/Y, respectively and ca...
