Is Verizon Communications (VZ) CFO Fran Shammo the “canary in the coal mine” when it comes to Apple (AAPL) iPhone sales? On Verizon’s Q4 earnings conference call early Thursday, what Shammo had to say about prospects for Apple’s calendar 2016 iPhone sales could be worrisome amid reported production cuts for the popular product. Apple is scheduled to report December-quarter earnings after the market close Tuesday. Verizon said it added 1.52 million
Enterprise software developer Citrix Systems (CTXS), an IBD 50 stock, found itself a new president and CEO, Kirill Tatarinov, who starts Monday. Shareholders responded to that news, announced late Wednesday, by first sending Citrix stock up as much as 2.2% Thursday, before shares fell along with the market overall, closing down 1.6%, at 65.42. Citrix stock is 22% off its 52-week high set Oct. 28 at 84.17. Sitting at No. 41 in Wednesday’s midweek
Shopify (SHOP), a provider of cloud-based e-commerce platforms, soared Thursday as Wedbush analyst Gil Luria initiated coverage with an outperform rating and price target of 25. Luria said the company’s strong product and channel integration with Amazon.com (AMZN), eBay (EBAY), Facebook (FB) and Twitter (TWTR) distinguishes it from the competition. Luria said Shopify’s payments business will generate as much value for the firm as PayPal (PYPL) did