Technology Roundup – Apple target raised on 5G and Services potential, Twitter says about 130 accounts were targeted in breach

科技精选——苹果目标价获提高,推特说约有130个帐户遭到破坏
Published on: July 16, 2020
Author: Amy Liu

Apple target raised on 5G and Services potential

Joining the chorus of firms praising Apple’s (NASDAQ:AAPL) 5G iPhone tailwind, Canaccord Genuity raises the company’s price target from $310 to $444.

The firm says Apple’s positioning to “benefit from the long-term 5G investment cycle” will support results in 2021.

Growth in Apple’s installed base will also drive ecosystem services and hardware sales benefits, writes the firm.

Canaccord expects Services revenue to outpace Apple’s total growth.

Canaccord maintains a Buy rating on Apple.

Apple shares are down 1.3% pre-market to $385.76 as renewed U.S.-China trade tensions weigh on tech.

Yesterday, BofA cited the 5G iPhones as it raised Apple’s target to $410.

Twitter says about 130 accounts were targeted in breach

In updates on day 2 of its investigation into the bitcoin compromise/scam, Twitter (NYSE:TWTR) says it believes about 130 accounts on the service were targeted by attackers.

“For a small subset of these accounts, the attackers were able to gain control of the accounts and then send Tweets from those accounts,” the company says.

It’s working with those account holders, and still assessing whether nonpublic data was compromised in the breach.

Meanwhile, for all accounts, downloading individuals’ Twitter data is disabled while it continues to investigate, and it’s assessing long-term steps it can take for greater security.

Twitter closed the after-hours session down 0.3%, after finishing Thursday’s regular session down 1.1%.

Take-Two enters new deal with Microsoft covering Xbox One, Series X

Take-Two Interactive Software (NASDAQ:TTWO) notes in an SEC filing that it’s entered into a publishing deal with Microsoft (NASDAQ:MSFT) to make games for the Xbox One platform and the upcoming Xbox Series X.

The deal runs through May 31, 2023, and is set to automatically renew for one-year periods unless one of them gives notice.

TTWO is up 0.5% after-hours.

T-Mobile unifying Sprint under its brand Aug. 2

In an expected formality now realized, T-Mobile (TMUS -0.7%) says that on Aug. 2, it will combine brand operations with Sprint (which it acquired April 1) and unify all operations under the T-Mobile brand nationwide.

That will mean a lot of magenta paint, as legacy Sprint stores get their new branding and new “aggressive” promotions, among other moves.

It’s the next integration step following network moves to ensure Sprint phone owners get access to T-Mobile’s 5G network, and deactivating Sprint’s 2.5 GHz coverage.

The news came as part of its latest “Un-carrier” announcement – a promo for anti-robocall measure Scam Shield.

Cisco -1.5% as J.P. Morgan cuts to Neutral

Cisco Systems (NASDAQ:CSCO) is 1.5% lower premarket after a downgrade to Neutral at J.P. Morgan, from Overweight.

The firm points to a number of continuing headwinds and an “absence of visibility into a return to revenue growth” alongside ongoing macro uncertainty.

That includes the November elections: Observers need to “embed incremental headwinds to IT budgets as Enterprises look to cost discipline to mitigate earnings headwinds from a potentially higher corporate tax rate,” analyst Samik Chatterjee writes.

The firm has a $50 price target vs. current $46.40.

Wall Street analysts are Bullish on the stock overall, as are Seeking Alpha authors. It has a Quant Rating of Neutral.

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