Latest news with #BrandonNispel
Yahoo
3 days ago
- Business
- Yahoo
Arista Networks (ANET) Gets $145 Price Target as Meta and Microsoft Boost Capex
Arista Networks Inc (NYSE:ANET) is one of the . On August 6, KeyBanc analyst Brandon Nispel raised the price target on the stock to $145.00 (from $115.00) while maintaining an Overweight rating. The price target raise follows Arista's second-quarter results which exemplified strong artificial intelligence demand, flourishing opportunities from NeoClouds, and traction in the Enterprise and Campus markets. The firm also believes that Meta and Microsoft will continue to increase their capital expenditures, and that overall hyperscale cloud capital expenditure will rise. 'We think with: 1) Meta/Microsoft capex expected to continue ramping; 2) overall Hyperscale cloud capex expected to rise >50% in '25 and >20% in '26; and 3) increased levels of opportunity from emerging segments, ANET appears well positioned. While the stock is expensive, we think ANET appears poised to continue to grow at midteens+ with best-in-class margins that continue to deserve a premium valuation.' Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels Arista Networks Inc (NYSE:ANET) develops, markets, and sells cloud networking solutions. While we acknowledge the potential of ANET as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Disney stock slides amid sharp decline in linear TV business as outlook fails to impress
Disney (DIS) reported fiscal third quarter earnings on Wednesday that beat expectations, driven by continued strength in its domestic parks business and a year-over-year swing to profitability in its streaming unit. Still, Disney stock closed down nearly 3% as a sharp decline in the company's linear TV segment raised investor concerns and the company's outlook raise failed to impress markets. Disney raised its full-year profit forecast to $5.85 a share, up from its May forecast of $5.75. But some Wall Street analysts said the outlook left more to be desired. "The updated guide was not as good as bulls likely hoped,' KeyBanc analyst Brandon Nispel wrote in reaction, noting that while the quarter featured some bright spots, softer underlying results in parks and streaming could increase investor scrutiny ahead of Disney's fiscal 2026 guidance, due next quarter. All in on ESPN: New NFL, WWE deals Prior to its earnings update, Disney confirmed previous reports that ESPN has reached a preliminary deal to acquire key NFL Media assets, including NFL Network, NFL RedZone, and NFL Fantasy, in exchange for a 10% equity stake in the network. Alongside the sale of NFL Network, the league and ESPN have also agreed to a second deal under which the league will license certain NFL content and intellectual property to ESPN for use across NFL Network and related assets. The announcement comes as ESPN confirmed an Aug. 21 launch date for its new standalone service, which is set to cost $29.99 per month. The NFL agreement comes ahead of another major rights deal unveiled this week: ESPN will become the exclusive US streaming home of WWE Premium Live Events, including WrestleMania and SummerSlam, beginning in 2026 — a move seen as further strengthening the content lineup for its new DTC service. The five-year deal will cost ESPN an average of $325 million per year, according to the Wall Street Journal. Disney declined to confirm the financials when asked by Yahoo Finance. Analysts see the ESPN streaming debut as a key step toward more bundling opportunities with Disney+ and Hulu as streamers across the industry work to retain subscribers and reduce churn. The NFL deal had been previously reported by the Athletic. Ahead of its confirmation, Morgan Stanley analyst Ben Swinburne wrote in a Monday note, "With the NFL as an investor, ESPN's long-term future is incrementally more secure." Legacy headwinds meet digital gains Disney reported revenue of $23.65 billion for the quarter, roughly in line with analyst expectations of $23.68 billion and up 2% from the same period last year. Adjusted earnings per share of $1.61 were ahead of the $1.46 expected by analysts polled by Bloomberg. Earnings increased from $1.39 per share a year ago. However, ongoing weakness in Disney's linear networks business weighed on the quarter. Revenue in the segment fell 15% year over year while operating income dropped 28%. On the streaming front, Disney said it will merge its Disney+ and Hulu platforms next year. "This will create an impressive package of entertainment, pairing the highest-caliber brands and franchises, great general entertainment, family programming, news, and industry-leading live sports content in a single app," the executive team wrote on Wednesday. Disney+ added 1.8 million subscribers in the quarter, falling short of the 2.05 million analysts polled by Bloomberg had expected. Disney's direct-to-consumer segment, which includes Hulu and Disney+, posted a profit of $346 million, compared to a $19 million loss a year ago. The company continues to prioritize consistent profitability in streaming amid the ongoing shift away from traditional pay-TV. Disney is targeting approximately $875 million in streaming profits for fiscal 2025. Theme parks power on Meanwhile, the parks business continued to shine in the quarter, though analysts flagged potential headwinds ahead. Revenue of $9.09 billion beat expectations of $8.87 billion, with the company posting a 22% rise in operating income at its domestic parks. Walt Disney World delivered record Q3 revenue, while broader gains were fueled by increased guest spending, higher hotel occupancy, and a rise in cruise volumes following the successful launch of the Disney Treasure late last year. On the earnings call, executives said bookings for the Experiences segment are tracking about 6% higher so far in the current quarter, signaling continued strength across parks, cruises, and resorts. Still, attendance growth at domestic parks came in flat compared to last year, suggesting intensifying competition in key markets like Orlando, where NBCUniversal's new Epic Universe theme park opened in May. Allie Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at Sign in to access your portfolio
Business Insider
6 days ago
- Business
- Business Insider
Arista Networks price target raised to $145 from $115 at KeyBanc
KeyBanc analyst Brandon Nispel raised the firm's price target on Arista Networks to $145 from $115 and keeps an Overweight rating on the shares. The firm notes Q2 results demonstrated AI demand, expanding opportunity from the NeoClouds, and traction in the Enterprise/Campus market. KeyBanc thinks that with Meta (META)/Microsoft (MSFT) capex expected to continue ramping; overall Hyperscale cloud capex expected to rise over 50% in 2025 and more than 20% in 2026; and increased levels of opportunity from emerging segments, Arista (ANET) appears well positioned. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Yahoo
7 days ago
- Business
- Yahoo
Disney stock slides amid sharp decline in linear TV business, tepid outlook
Disney (DIS) reported fiscal third quarter earnings on Wednesday that beat expectations, driven by continued strength in its domestic parks business and a year-over-year swing to profitability in its streaming unit. Still, shares slipped about 3% in mid-morning trade as a sharp decline in the company's linear TV segment and a tepid outlook raised investor concerns. Disney raised its full-year profit forecast to $5.85 a share, up from its May forecast of $5.75. But some Wall Street analysts said the outlook left more to be desired. "The updated guide was not as good as bulls likely hoped,' KeyBanc analyst Brandon Nispel wrote in reaction, noting that while the quarter featured some bright spots, softer underlying results in parks and streaming could increase investor scrutiny ahead of Disney's fiscal 2026 guidance, due next quarter. All in on ESPN: New NFL, WWE deals Prior to its earnings update, Disney confirmed previous reports that ESPN has reached a preliminary deal to acquire key NFL Media assets, including NFL Network, NFL RedZone, and NFL Fantasy, in exchange for a 10% equity stake in the network. Alongside the sale of NFL Network, the league and ESPN have also agreed to a second deal under which the league will license certain NFL content and intellectual property to ESPN for use across NFL Network and related assets. The announcement comes as ESPN confirmed an August 21 launch date for its new standalone service, which is set to cost $29.99 per month. The NFL agreement comes ahead of another major rights deal unveiled this week: ESPN will become the exclusive US streaming home of WWE Premium Live Events, including WrestleMania and SummerSlam, beginning in 2026 — a move seen as further strengthening the content lineup for its new DTC service. The five-year deal will cost ESPN an average of $325 million per year, according to the Wall Street Journal. Disney declined to confirm the financials when asked by Yahoo Finance. Analysts see the ESPN streaming debut as a key step toward more bundling opportunities with Disney+ and Hulu, as streamers across the industry work to retain subscribers and reduce churn. The NFL deal had been previously reported by the Athletic. Ahead of its confirmation, Morgan Stanley analyst Ben Swinburne wrote in a Monday note, 'With the NFL as an investor, ESPN's long-term future is incrementally more secure.' Legacy headwinds meet digital gains Disney reported revenue of $23.65 billion for the quarter, roughly in line with analyst expectations of $23.68 billion and up 2% from the same period last year. Adjusted earnings per share of $1.61 were ahead of the $1.46 expected by analysts polled by Bloomberg. Earnings increased from $1.39 per share a year ago. However, ongoing weakness in Disney's linear networks business weighed on the quarter. Revenue in the segment fell 15% year over year while operating income dropped 28%. On the streaming front, Disney+ added 1.8 million subscribers in the quarter, falling short of the 2.05 million analysts polled by Bloomberg had expected. Disney's direct-to-consumer segment, which includes Hulu and Disney+, posted a profit of $346 million, compared to a $19 million loss a year ago. The company continues to prioritize consistent profitability in streaming amid the ongoing shift away from traditional pay-TV. Disney is targeting approximately $875 million in streaming profits for fiscal 2025. Theme parks power on Meanwhile, the parks business continued to shine in the quarter, though analysts flagged potential headwinds ahead. Revenue of $9.09 billion beat expectations of $8.87 billion, with the company posting a 22% rise in operating income at its domestic parks. Walt Disney World delivered record Q3 revenue, while broader gains were fueled by increased guest spending, higher hotel occupancy, and a rise in cruise volumes following the successful launch of the Disney Treasure late last year. On the earnings call, executives said bookings for the Experiences segment are tracking about 6% higher so far in the current quarter, signaling continued strength across parks, cruises, and resorts. Still, attendance growth at domestic parks came in flat compared to last year, suggesting intensifying competition in key markets like Orlando, where NBCUniversal's new Epic Universe theme park opened in May. Allie Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Disney raises profit outlook as parks, streaming fuel Q3 earnings beat — but investor caution lingers
Disney (DIS) reported fiscal third quarter earnings on Wednesday that beat expectations, driven by continued strength in its domestic parks business and a year-over-year swing to profitability in its streaming unit. Still, shares slipped about 2% at the market open as a sharp decline in the company's linear TV segment and a tepid outlook raised investor concerns. Disney raised its full-year profit forecast to $5.85 a share, up from its May forecast of $5.75 and ahead of Wall Street expectations of $5.77. But some Wall Street analysts said the outlook left more to be desired. "The updated guide was not as good as bulls likely hoped,' KeyBanc analyst Brandon Nispel wrote in reaction, noting that while the quarter featured some bright spots, softer underlying results in parks and streaming could increase investor scrutiny ahead of Disney's fiscal 2026 guidance, due next quarter. All in on ESPN: New NFL, WWE deals Prior to its earnings update, Disney confirmed previous reports that ESPN has reached a preliminary deal to acquire key NFL Media assets, including NFL Network, NFL RedZone, and NFL Fantasy, in exchange for a 10% equity stake in the network. Alongside the sale of NFL Network, the league and ESPN have also agreed to a second deal under which the league will license certain NFL content and intellectual property to ESPN for use across NFL Network and related assets. The announcement comes as ESPN confirmed an August 21 launch date for its new standalone service, which is set to cost $29.99 per month. The NFL agreement comes ahead of another major rights deal unveiled this week: ESPN will become the exclusive US streaming home of WWE Premium Live Events, including WrestleMania and SummerSlam, beginning in 2026 — a move seen as further strengthening the content lineup for its new DTC service. The five-year deal will cost ESPN an average of $325 million per year, according to the Wall Street Journal. Disney declined to confirm the financials when asked by Yahoo Finance. Analysts see the ESPN streaming debut as a key step toward more bundling opportunities with Disney+ and Hulu, as streamers across the industry work to retain subscribers and reduce churn. The NFL deal had been previously reported by the Athletic. Ahead of its confirmation, Morgan Stanley analyst Ben Swinburne wrote in a Monday note, 'With the NFL as an investor, ESPN's long-term future is incrementally more secure.' Legacy headwinds meet digital gains Disney reported revenue of $23.65 billion for the quarter, roughly in line with analyst expectations of $23.68 billion and up 2% from the same period last year. Adjusted earnings per share of $1.61 were ahead of the $1.46 expected by analysts polled by Bloomberg. Earnings increased from $1.39 per share a year ago. However, ongoing weakness in Disney's linear networks business weighed on the quarter. Revenue in the segment fell 15% year over year while operating income dropped 28%. On the streaming front, Disney+ added 1.8 million subscribers in the quarter, falling short of the 2.05 million analysts polled by Bloomberg had expected. Disney's direct-to-consumer segment, which includes Hulu and Disney+, posted a profit of $346 million, compared to a $19 million loss a year ago. The company continues to prioritize consistent profitability in streaming amid the ongoing shift away from traditional pay-TV. Disney is targeting approximately $875 million in streaming profits for fiscal 2025. Theme parks power on Meanwhile, the parks business continued to shine in the quarter, though analysts flagged potential headwinds ahead. Revenue of $9.09 billion beat expectations of $8.87 billion, with the company posting a 22% rise in operating income at its domestic parks. Walt Disney World delivered record Q3 revenue, while broader gains were fueled by increased guest spending, higher hotel occupancy, and a rise in cruise volumes following the successful launch of the Disney Treasure late last year. On the earnings call, executives said bookings for the Experiences segment are tracking about 6% higher so far in the current quarter, signaling continued strength across parks, cruises, and resorts. Still, attendance growth at domestic parks came in flat compared to last year, suggesting intensifying competition in key markets like Orlando, where NBCUniversal's new Epic Universe theme park opened in May. Allie Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at
