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The Zacks Analyst Blog Highlights: PayPal, Apple, Facebook, Alphabet's and Cisco

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For Immediate Release

Chicago, IL – August 24, 2017 – 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 PayPal (NASDAQ:PYPL Free Report), Apple (NASDAQ:AAPL Free Report), Facebook (NASDAQ:FB Free Report), Alphabet’s (NASDAQ:GOOGL Free Report) and Cisco (NASDAQ:CSCO Free Report).  

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Here are highlights from Wednesday’s Analyst Blog:

Tech Roundup: Cisco Earnings, YouTube TV Expands

Last week, technology companies took steps to check white supremacy groups on their platforms, in an attempt to check related violence. Ride-hailing app Uber for instance told drivers that they don’t have to pick up racists (it isn’t clear how such people would be identified); Airbnb has taken a proactive stand in this respect, checking up on prospective guests through their social media profiles.

Payment platforms also took a stand: PayPal (NASDAQ:PYPLFree Report) said it could cancel relationships with sites that promote racial intolerance; Discover Financial Services is in the process of ending its agreements with hate groups; and Apple Pay has also moved to block hate sites from using Apple Pay. Apple (NASDAQ:AAPLFree Report) CEO Tim Cook also committed to a donation of a million dollars each to hate tracking organizations Southern Poverty Law Center and the Anti-Defamation League.

Facebook found that eight group pages violated hate-speech policies, including "Right Wing Death Squad" and "White Nationalists United." Facebook (NASDAQ:FBFree Report) relies on user feedback that it then checks out itself before removing any page. Alphabet’s (NASDAQ:GOOGLFree Report) Google is also removing sites GoDaddy stepped off Daily Stormer because of its connections with the neo Nazi movement.

Here are the top stories from last week:    

Cisco Earnings

Cisco (NASDAQ:CSCOFree Report) met earnings estimates for the quarter on revenue that beat. It was a mixed quarter from Cisco in which services revenue was consistent with the year-ago quarter while product revenue declined mid single-digits. The weakness in products was driven by Switching, NGN Routing, Collaboration, Data Center and Service Provider Video, offset by progress in Wireless, Security and Other. The 3% increase in security revenues was not indicative of the underlying strength, which was evident from a double-digit increase in orders and a 49% increase in related deferred revenue.  

YouTube TV Expands

YouTube TV has been adding locations at a rapid pace and reached 14 new locations, or half the U.S. population last week. 17 additional locations are in the works taking the total 46, or around 64% of U.S. households.

Google didn’t roll out the service across America at the initial stage because of its strategic focus on live and local. This is the demand among millennials, according to an in-house survey. And the service does seem to have attracted a younger crowd of between 13 and 35 compared to traditional TV, which is currently patronized by 49 year olds and above.

So how successful has it been thus far? Google has been executing to plan, with local content from at least three of the four local broadcasters ABC, CBS, Fox and NBC (19 of its served markets now offer all four). YouTube now offers more local channels than almost anybody except Hulu. Its customer base is also reportedly hooked on to live content.

As usual, we don’t know the impact on the top or bottom line because Google doesn’t reveal the impact on its revenues or earnings.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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