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Apple Developers Could Have Saved Facebook $19 Billion - Here's How
Wednesday, June 4, 2014 - 12:23pm | 503Read More...Apple (NASDAQ: AAPL) typically hires or acquires talent and builds innovative technology from within the company. Other tech companies might wish they had done the same. Earlier this year, Facebook (NASDAQ: FB) paid roughly $19 billion to acquire WhatsApp. Global Equities Research analyst...
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Groupon Shares Continue To Recover; Sterne Agee Comments Aid The Rebound
Friday, May 9, 2014 - 2:10pm | 134Read More...Shares of Groupon (NASDAQ: GRPN) are continuing to recover Friday (up ~8 percent) after plummeting ~20 percent on Wednesday following the release of its Q1 2014 earnings results. One of the few bulls and Sterne Agee analyst Arvind Bhatia is feeling "incrementally more convinced in the potential...
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UPDATE: Sterne Agee Upgrades Twitter
Wednesday, April 16, 2014 - 12:08pm | 100Read More...Shares of Twitter (NYSE: TWTR) are giving back a portion of Tuesday's 12 percent gains, down 1.8 percent to $44.67, in the face of an upgrade from Sterne Agee. Analyst Arvind Bhatia raised the rating from Underperform to Neutral and maintained the $43 price target. The prior Underperform rating...
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UPDATE: Sterne Agee Initiates Coverage on King Digital
Thursday, March 27, 2014 - 10:29am | 134Read More...Sterne Agee initiated coverage on King Digital Entertainment (NYSE: KING) with a Neutral rating following Wednesday's 15 percent drop on the first day of trading. Shares are down another 2.6 percent in Thursday's trading. Analyst Arvind Bhatia sees two critical factors near-term for the company...
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Are Massive Xbox One 'Titanfall' Sales To Blame For Xbox 360 Game Delay?
Wednesday, March 19, 2014 - 3:01pm | 486Read More...The Xbox 360 version of Titanfall, the highly anticipated first-person shooter from Electronic Arts (NASDAQ: EA), has been delayed again. The game was originally scheduled to ship alongside its Xbox One and PC counterparts on Tuesday, March 11. EA initially delayed the Xbox 360 edition until March...
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WhatsApp Wasn't A 'Desperate Acquisition' For Facebook
Sunday, February 23, 2014 - 10:17am | 400Read More...Facebook's (NASDAQ: FB) $16 billion acquisition might seem extreme, but Sterne Agee analyst Arvind Bhatia said that it shouldn't remind users of the bloated dot-com days. "I think it is quite different this time around," he told Benzinga. "Facebook is not struggling. This isn't like a desperate...
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Facebook Plans To 'Dominate Mobile Real Estate' With WhatsApp
Friday, February 21, 2014 - 3:52pm | 633Read More...Facebook (NASDAQ: FB) spent a colossal amount of money to acquire WhatsApp, a mobile messaging app. The deal -- which includes $4 billion in cash and $12 billion in Facebook stock -- greatly exceeds the $1 billion price tag associated with Instagram. It also exceeds the $3 billion offer to...
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Did Instagram Get Screwed By Facebook's $1 Billion Payout?
Friday, February 21, 2014 - 12:25pm | 503Read More...Facebook (NASDAQ: FB) was once criticized for paying $1 billion to acquire Instagram. After paying $16 billion for WhatsApp, the previous acquisition is much less impressive. Some might even say that $1 billion is a tad low considering how much Facebook offered to pay for Snapchat. "...
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Shares of Zynga Respond to Sterne Agee's Consensus Estimate Concerns
Thursday, January 16, 2014 - 5:13pm | 193Read More...Shares of Zynga, Inc. (NASDAQ: ZNGA) fall as much 12.41% following Sterne Agee analyst Arvind Bhatia's concern over estimates and expectations. Bhatia wrote that he sees risks to consensus estimates for the fourth quarter, first quarter and FY2014 estimates based on current traffic trends for...
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UPDATE: Sterne Agee Initiates Coverage on Twitter on Positive Growth Outlook
Monday, November 11, 2013 - 9:27am | 121Read More...In a report published Monday, Sterne Agee analyst Arvind Bhatia initiated coverage on Twitter (NYSE: TWTR) with a Neutral rating. In the report, Sterne Agee noted, “TWTR is likely to grow at a meaningfully faster pace than many of its social media peers. Also, its ‘mobile first' strategy positions...
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UPDATE: Sterne Agee Initiates Coverage on Twitter Ahead of IPO Completion
Tuesday, October 29, 2013 - 8:59am | 127Read More...In a report published Tuesday, Sterne Agee analyst Arvind Bhatia initiated coverage on Twitter (NYSE: TWTR), but did not name a rating or price target. In the report, Sterne Agee noted, “Our valuation work suggests in the base case TWTR shares could be worth $25 to $32 in the next 12 to 24 months...
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UPDATE: Sterne Agee Raises PT on Facebook as Instagram Monetization will Begin Before Year-End
Friday, October 4, 2013 - 11:53am | 120Read More...In a report published Friday, Sterne Agee analyst Arvind Bhatia reiterated a Buy rating on Facebook (NASDAQ: FB), and raised the price target from $50.00 to $58.00. In the report, Sterne Agee noted, “We are raising our FY14 and FY15 revenue/adjusted EBITDA estimates to reflect monetization of...
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Vivendi Finding Scant Interest While Shopping Activision Stake
Friday, July 13, 2012 - 1:38pm | 474Read More...Vivendi SA is currently trying to find a buyer for its $8.1 billion stake in Activision Blizzard (NASDAQ: ATVI). Interest is lukewarm, according to Bloomberg. The company's Chairman, Jean-Rene Fourtou said in an interview at the Allen & Co. media conference being held in Sun Valley, Idaho that...
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World of Warcraft Crushes Star Wars: The Old Republic
Tuesday, May 8, 2012 - 2:20pm | 1040Read More...The Force is with Activision's beloved MMO. Sadly, the same cannot be said for EA and Star Wars: The Old Republic. Electronic Arts (NASDAQ: EA) had high hopes for its long-awaited Star Wars MMO, touting it as the next great game in the only genre that has successfully persuaded consumers to pay a...
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EA Could Replace Zynga As 15% of Facebook's Revenue
Monday, May 7, 2012 - 1:03pm | 370Read More...Analyst Arvind Bhatia of Sterne Agee says he doubts Zynga (NASDAQ: ZNGA) will be 15% of Facebook's (NASDAQ: FB) revenue in the future. Bhatia explains, “Facebook's own revenue is going to continue to grow at a much higher pace than Zynga's revenue.” Bhatia says he believes Electronic Arts (NASDAQ:...
