Telecoms equity research

Explore the most viewed and latest equity research and media content for companies within the Telecoms sector. Stocks in this sector provide telecoms services & equipment, and mobile services.

Telecoms equity research

Explore the most viewed and latest equity research and media content for companies within the Telecoms sector. Stocks in this sector provide telecoms services & equipment, and mobile services.

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7DIG ZOO AMO MIRA

Roku tanks following net loss, Qualcomm reports positive 5G forecast, Baidu’s video platform outperforms

Roku stock tanked more than 14% in after-hours trading after the company reported a wider net loss in the quarter, as it spent more to attract subscribers to its video streaming platform. Despite the loss, the video streaming company reported 32.3 million active accounts, up from 30.5 million during the previous quarter, and an average revenue per user of $22.58 compared to the previous quarter's metric of $21.06. Roku is targeting international expansion throughout the North and South American markets and expects to launch its first T.V. models in the UK by the end of 2020. Hardware was always a tough market and competition is heightening in our view. Qualcomm said on Wednesday it expected 200 million 5G smartphones to be sold in 2020, including flagship devices launching next fall, a reference Wall Street took as a hint that Apple would offer the faster technology next year. Once 5G networks are widely available sometime next year, Qualcomm, the world's largest supplier of mobile phone chips, and its rivals stand to benefit because the phones will require more chips to gain the speed boost. We’re bullish 5G – and Apple wading in certainly doesn’t hurt market growth in our view. Shares of Chinese internet giant Baidu surged over 4% in after-hours trade following better-than-expected results for the third quarter. Excluding items, EPS came in at 12.61 yuan, beating market expectations, but representing 34% YoY decline. Baidu has faced several headwinds this year including a slowing Chinese economy amid a protracted U.S.-China trade war, increased competition from new search players like TikTok owner ByteDance and increased scrutiny from regulators on the advertising market in the world's second-largest economy. Baidu is righting the ship belatedly after missing the mobile market. We’re waiting to see what happens with its B2B efforts.

  • 07 Nov 19
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