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February 11, 2019
Netflix, Inc. (NFLX:USA) currently trades well above historical averages relative to UAFRS-based (Uniform) Earnings, with a 65.1x Uniform P/E, implying bullish expectations for the firm. However, management has concerns about original content investments, price increases, and third-party content agreements...
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February 11, 2019
Each week, Valens focuses on several companies that were analyzed in the prior week, where material distortions caused by as-reported GAAP accounting need to be corrected to understand a company’s economic fundamentals. This week, we focus on Dentsply Sirona, Inc. (XRAY), Amgen, Inc. (AMGN), MSCI Inc. (MSCI)...
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February 8, 2019
Lam Research Corporation (LRCX:USA) currently trades well below corporate averages relative to UAFRS-based (Uniform) Earnings, with an 11.6x Uniform P/E. At these levels, the market has bearish expectations for the firm, but while management has concerns about earnings growth, demand, and investments, potential macro tailwinds and competitive niches in flash storage suggest longer-term upside remains warrante...
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February 8, 2019
This week the Valens Research team highlights our most interesting equity insight from across our tools and our analysis. COF is set to cash in with accelerating fundamentals, strong management alignment, and a robust business strategy just as markets are overly pessimistic on the company...
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February 7, 2019
Highlighted Top Ideas CAR – Avis Budget Group, Inc. CSTM – Constellium N.V. DOOR – Masonite International Corporation Other Recent Analyses HL – Hecla Mining Company...
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February 6, 2019
Citrix Systems, Inc. (CTXS:USA) currently trades near corporate averages relative to UAFRS-Based (Uniform) Earnings, with a 19.3x Uniform P/E. At these levels, markets are pricing in muted expectations for the firm, and while management has concerns about bookings growth, product innovation, and market headwinds, the firm’s leadership position in the space suggests this bearishness is unwarranted...
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February 6, 2019
Each week the Valens Securities team highlights our most interesting insights from across our tools and our analysis, including individual company industry and macro insights Top Highlight: Ingersoll-Rand Plc Other Highlights: BSX, WEED:CAN, WGO Other Recent Analyses: ADBE, ARMK, BR, CZR, DISH, GDDY, INCY, IRM, LHA:DEU, MTD, NBIX, NDAQ, NKE, OHI, SHOP, TWTR, VMC, YUMC...
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February 5, 2019
Flowserve Corporation (FLS:USA) currently trades above historical averages relative to UAFRS-based (Uniform) Earnings, with a 29.7x Uniform P/E, implying bullish expectations for the firm. However, management has concerns about gross margins, power market sales, backlog issues, and cost management...
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