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DLB - Dolby Laboratories Inc News Story

$101.52 -0.8  -0.8%

Last Trade - 09/04/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £7.53bn
Enterprise Value £6.68bn
Revenue £919.0m
Position in Universe 914th / 6827

BUZZ-Dolby Laboratories: Rises as Q3 results, Q1 forecast top estimates

Fri 13th November, 2020 12:02pm
** Shares of audio and imaging product maker  DLB.N  up
6.44% at $87 premarket 
    ** Co's Q3 rev. and adj. profit tops Wall Street
expectations, driven by a sequential rebound across segments
 urn:newsml:reuters.com:*:nGNX71SVHJ
    ** DLB forecasts Q1 rev. and profit, above analysts
estimates; cautions that the implications of COVID-19 on co's
future results remain uncertain
    ** J.P.Morgan raises PT on the stock by $12 to $90, implying
an upside of ~9% from last close 
    ** Brokerage says co's Atmos and Vision tech adoption
continues to accelerate; sees Apple Inc's  AAPL.O  move to
record in DLB Vision as a strong endorsement that may drive
other OEMs to opt for it too
    ** Four of 5 brokerages rate the stock "buy" or higher, and 
1 "hold"; their median PT is $81.5 - Refinitiv Data
    ** Stock up ~19% this year, as of Thursday's close 

 (Reporting by Amal S in Bengaluru)
 ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780;
outside U.S. +91 80 6749 3677;))
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