Stock Update (NASDAQ:AAPL): Feud Opened by Apple-FBI Case Years From Fix, FireEye Chief Says

[at Bloomberg] – Apple versus the FBI was just the beginning: The debate between privacy and cybersecurity will drag on for years as the government vies with powerful corporations while new forms of hacking attacks arise, … Read more on this. Apple Inc. (AAPL) , with a current value of $612.34B, started the session at $109.45. During the trading session, AAPL traded between $108.66 to $110.50 with a one year range of $92.00 to $134.54. Priced at 12.20x this year’s forecasted earnings, AAPL shares are relatively expensive compared to the industry’s 9.37x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $2.08 per share annually in dividends, yielding 1.91%. Consensus earnings for the current quarter by the 37 sell-side analysts covering the stock is an estimate of $2.00 per share, which would be $0.33 worse than the year-ago quarter and a $0.28 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $9.05, which would be a $0.17 worse when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $52.00 Billion. If realized, that would be a 10.36% decrease over the year-ago quarter. More recently, Needham Initiated AAPL at Strong Buy (Apr 6, 2016). Previously, Cowen upgraded AAPL from Market Perform to Outperform. With the above information in mind, readers should note that the average price target is $133.92, which is 22.36% above where the stock opened this morning. See more in (NASDAQ:AAPL) Similar Articles: Market Update: Apple Inc (NASDAQ:AAPL) – EU competition chief says unclear when Apple tax probe will be decided Company Update: Apple Inc (NASDAQ:AAPL) – Obama says cannot comment on legal case with Apple Inc Company Update: Apple Inc (NASDAQ:AAPL) – Apple Names Jeff Williams Chief Operating Officer
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