We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog Highlights Apple, Absolute Software, Paylocity and Synchronoss
Read MoreHide Full Article
For Immediate Release
Chicago, IL – September 9, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Apple (AAPL - Free Report) , Absolute Software , Paylocity (PCTY - Free Report) and Synchronoss (SNCR - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Apple (AAPL - Free Report) Unveils 4 iPhone 14 Models at Yearly Event
Apple unveiled four new iPhone models – iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max – at its product launch event on Sep 7.
The company also launched the next-gen Airpods Pro, the Apple Watch Series 8, the new Apple Watch SE, Apple Watch Ultra and updates to Fitness+ at the event.
iPhone 14: iOS 16 and Emergency SOS via Satellite
Apple's 5G-supported iPhone 14 (6.1-inch) and iPhone 14 Plus (6.7-inch) are powered by the A15 Bionic chip with a 5-core GPU and feature an eSIM.
Apple stated that support for 5G on iPhone is now available from more than 250 carrier partners in more than 70 markets globally, with expanded support for standalone networks. Moreover, Apple has removed the SIM tray in the latest models in the United States replacing it with eSIM.
iPhone 14 models will be powered by iOS 16, featuring a reimagined Lock Screen. iOS 16 offers a host of new features. For instance, with Messages, users can now edit or recall recently sent messages, and mark conversations as unread to revisit them later. iCloud Shared Photo Library makes it easier for users to share a collection of photos with family.
iPhone 14 and 14 Plus models offer camera upgrades with a 12MP Main camera featuring a larger sensor and larger pixels, a new front TrueDepth camera, an Ultra-Wide camera to capture more of a scene and a Photonic Engine for great low-light performance.
The iPhone Pro (6.1-inch) and Pro Max (6.7-inch) models feature Dynamic Island (a new design) and the Always-On display. These models are powered by an A16 Bionic chip.
iPhone 14 Pro introduces a 48MP Main camera, featuring a quad-pixel sensor and Photonic Engine.
Apple has launched iPhone 14 and iPhone 14 Plus in five new colors, midnight, blue, starlight, purple and red. These models will be available beginning Oct 7.
iPhone 14 Pro and iPhone 14 Pro Max will be available in four colors, deep purple, silver, gold, and space black. iPhone 14 Pro and Pro Max will be available beginning Sep 16.
Apple enhanced the safety features of iPhone 14 models with the introduction of Crash Detection and Emergency SOS via satellite. The latter feature will be available to users in the United States and Canada in November, and the service will be free for two years.
Apple Extends Fitness+ to All iPhone Users
Apple Fitness+ users will no longer need an Apple Watch to access Fitness+ features. Apple is expanding Fitness+ to all iPhone users in the 21 countries it is available.
Fitness+ will be fully integrated with the Fitness app coming with iOS 16 and located in the middle tab.
Beginning Sep 12, Fitness+ will introduce the fourth season of Time to Walk, featuring new guests including award-winning actor Regina Hall, Latin Grammy winner Nicky Jam and Emmy Award-winning performer Leslie Jordan.
Apple announced that with iOS 16, all Time to Walk and Time to Run episodes are available in the Fitness app on iPhone with a Fitness+ subscription.
Will New iPhones Boost Apple's Share Price?
Apple has been struggling in 2022, primarily due to coronavirus-induced supply-chain disruptions, industry-wide silicon shortage, unfavorable forex and the ongoing Russia-Ukraine conflict.
Shares of the iPhone maker have been down 12.2% year to date. However, it has managed to outperform the Zacks Computer & Technology sector's decline of 30.2%.
The near-term outlook is not enthusiastic, given the headwinds. Apple did not provide revenue guidance for the third quarter of fiscal 2022. Apple expects COVID-induced supply chain disruptions and the industry-wide silicon shortage to hurt its top line by $4-$8 billion. Unfavorable forex is also expected to hurt revenues by 300 basis points (bps).
Moreover, the absence of revenues from Russia is expected to hurt the top line by 150 bps. Apple paused all sales in Russia during the fiscal second quarter (March quarter).
Nevertheless, the new iPhones are expected to boost sales in the first quarter of fiscal 2023. Moreover, the Services portfolio, of which Fitness+ and Apple TV+ are a part, has emerged as Apple's new cash cow. Apple had more than 860 million paid subscribers across its Services portfolio at the end of the fiscal third quarter.
Zacks Rank & Stocks to Consider
Apple currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Computer & Technology sector are Absolute Software, Paylocity and Synchronoss, all sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here.
Absolute shares have gained 14.9% in the year-to-date period. The Zacks Consensus Estimate for ABST's fiscal 2023 earnings has moved 487.5% higher over the past 30 days to 47 cents per share.
Paylocity shares have gained 4.4% in the year-to-date period. The Zacks Consensus Estimate for PCTY's fiscal 2023 earnings has been steady over the past 30 days to $3.58 per share.
Synchronoss shares have lost 39.3% in the year-to-date period. The consensus mark for SNCR's 2022 earnings has moved 220% higher to 16 cents per share over the past 30 days.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights Apple, Absolute Software, Paylocity and Synchronoss
For Immediate Release
Chicago, IL – September 9, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Apple (AAPL - Free Report) , Absolute Software , Paylocity (PCTY - Free Report) and Synchronoss (SNCR - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Apple (AAPL - Free Report) Unveils 4 iPhone 14 Models at Yearly Event
Apple unveiled four new iPhone models – iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max – at its product launch event on Sep 7.
The company also launched the next-gen Airpods Pro, the Apple Watch Series 8, the new Apple Watch SE, Apple Watch Ultra and updates to Fitness+ at the event.
iPhone 14: iOS 16 and Emergency SOS via Satellite
Apple's 5G-supported iPhone 14 (6.1-inch) and iPhone 14 Plus (6.7-inch) are powered by the A15 Bionic chip with a 5-core GPU and feature an eSIM.
Apple stated that support for 5G on iPhone is now available from more than 250 carrier partners in more than 70 markets globally, with expanded support for standalone networks. Moreover, Apple has removed the SIM tray in the latest models in the United States replacing it with eSIM.
iPhone 14 models will be powered by iOS 16, featuring a reimagined Lock Screen. iOS 16 offers a host of new features. For instance, with Messages, users can now edit or recall recently sent messages, and mark conversations as unread to revisit them later. iCloud Shared Photo Library makes it easier for users to share a collection of photos with family.
iPhone 14 and 14 Plus models offer camera upgrades with a 12MP Main camera featuring a larger sensor and larger pixels, a new front TrueDepth camera, an Ultra-Wide camera to capture more of a scene and a Photonic Engine for great low-light performance.
The iPhone Pro (6.1-inch) and Pro Max (6.7-inch) models feature Dynamic Island (a new design) and the Always-On display. These models are powered by an A16 Bionic chip.
iPhone 14 Pro introduces a 48MP Main camera, featuring a quad-pixel sensor and Photonic Engine.
Apple has launched iPhone 14 and iPhone 14 Plus in five new colors, midnight, blue, starlight, purple and red. These models will be available beginning Oct 7.
iPhone 14 Pro and iPhone 14 Pro Max will be available in four colors, deep purple, silver, gold, and space black. iPhone 14 Pro and Pro Max will be available beginning Sep 16.
Apple enhanced the safety features of iPhone 14 models with the introduction of Crash Detection and Emergency SOS via satellite. The latter feature will be available to users in the United States and Canada in November, and the service will be free for two years.
Apple Extends Fitness+ to All iPhone Users
Apple Fitness+ users will no longer need an Apple Watch to access Fitness+ features. Apple is expanding Fitness+ to all iPhone users in the 21 countries it is available.
Fitness+ will be fully integrated with the Fitness app coming with iOS 16 and located in the middle tab.
Beginning Sep 12, Fitness+ will introduce the fourth season of Time to Walk, featuring new guests including award-winning actor Regina Hall, Latin Grammy winner Nicky Jam and Emmy Award-winning performer Leslie Jordan.
Apple announced that with iOS 16, all Time to Walk and Time to Run episodes are available in the Fitness app on iPhone with a Fitness+ subscription.
Will New iPhones Boost Apple's Share Price?
Apple has been struggling in 2022, primarily due to coronavirus-induced supply-chain disruptions, industry-wide silicon shortage, unfavorable forex and the ongoing Russia-Ukraine conflict.
Shares of the iPhone maker have been down 12.2% year to date. However, it has managed to outperform the Zacks Computer & Technology sector's decline of 30.2%.
The near-term outlook is not enthusiastic, given the headwinds. Apple did not provide revenue guidance for the third quarter of fiscal 2022. Apple expects COVID-induced supply chain disruptions and the industry-wide silicon shortage to hurt its top line by $4-$8 billion. Unfavorable forex is also expected to hurt revenues by 300 basis points (bps).
Moreover, the absence of revenues from Russia is expected to hurt the top line by 150 bps. Apple paused all sales in Russia during the fiscal second quarter (March quarter).
Nevertheless, the new iPhones are expected to boost sales in the first quarter of fiscal 2023. Moreover, the Services portfolio, of which Fitness+ and Apple TV+ are a part, has emerged as Apple's new cash cow. Apple had more than 860 million paid subscribers across its Services portfolio at the end of the fiscal third quarter.
Zacks Rank & Stocks to Consider
Apple currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Computer & Technology sector are Absolute Software, Paylocity and Synchronoss, all sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here.
Absolute shares have gained 14.9% in the year-to-date period. The Zacks Consensus Estimate for ABST's fiscal 2023 earnings has moved 487.5% higher over the past 30 days to 47 cents per share.
Paylocity shares have gained 4.4% in the year-to-date period. The Zacks Consensus Estimate for PCTY's fiscal 2023 earnings has been steady over the past 30 days to $3.58 per share.
Synchronoss shares have lost 39.3% in the year-to-date period. The consensus mark for SNCR's 2022 earnings has moved 220% higher to 16 cents per share over the past 30 days.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.