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☆ Stocks making the biggest moves midday: New York Community Bancorp, Diamondback Energy, VF Corp. and more
▼ + stars: | 2024-02-12 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Bank of America also reiterated its neutral rating on Monday, while noting that leadership has "the playbook to turn things around." Diamondback Energy — The shale producer jumped 9.4% after announcing its purchase of Endeavor Energy, the biggest private company that produces natural resources from the Permian Basin. CymaBay Therapeutics , Gilead — Shares of CymaBay soared 25.4% after Gilead agreed to buy the drug developer. The deal comes as Gilead, whose shares were up around 1% in Monday's session, looks to expand beyond HIV drugs. Marqeta — The credit card technology stock added 5.7% after a Bank of America upgrade to buy from neutral.

Persons: Gilead, Bracken Darrell, Trimble, —, Joe Ahlersmeyer, Piper Sandler, Teva, Samantha Subin, Sarah Min Organizations: New York Community Bancorp, Bank of America, Endeavor Energy, CymaBay Therapeutics, Gilead, VF Corp, Reuters, Mohawk Industries, Deutsche Bank, Citi, Space Development Agency, Teva Pharmaceutical —, JPMorgan, Nvidia Locations: Israel

☆ Here are Wednesday's biggest analyst calls: Nvidia, Netflix, Apple, Disney, Affirm, Dollar Tree, DraftKings & more
▼ + stars: | 2023-11-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

UBS reiterates Apple as neutral UBS said its survey checks show wait times for Apple's iPhone Pro have subsided. Wells Fargo initiates Matador Energy as overweight Wells said the energy company has a "strong track record of growth." Citi upgrades Vipshop to buy from neutral Citi upgraded the e-commerce company after its earnings report. Bank of America upgrades American Eagle to neutral from underperform Bank of America upgraded the stock ahead of earnings next week. Morgan Stanley reiterates DraftKings as overweight Morgan Stanley said it sees more upside for the stock after its investor day. "

Persons: Holley, Jefferies, Wells, Morgan Stanley downgrades Energizer, Morgan Stanley, Bracken Darrell, Matt Puckett, Investor Relations Allegra Perry, Redburn, RTX, Mizuho, AFRM, Cantor Fitzgerald downgrades, Myers, Cantor, We've, it's, DraftKings Organizations: Jefferies, UBS, Apple, Matador Energy, Citi, Bank of America, underperform Bank of America, Barclays, American, Bears, Netflix, Netflix Inc, Air Corp, Vertiv Holdings Co, Wells Fargo, Warner Music Group, JPMorgan, Corp, Investor Relations, Brands Conference, Raytheon, Canadian, TAM, Deutsche Bank, Disney, Deutsche, Nvidia, Partners Locations: China, Europe, Japan, AXP, Paris, CSIQ, Bristol, F4Q

☆ Activist Engaged Capital sees a path to lift VF Corp’s share price and slash costs
▼ + stars: | 2023-11-04 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Activist Commentary: Engaged Capital was founded by Glenn W. Welling, a former principal and managing director at Relational Investors. Engaged has had great success as an activist, but almost all that success has come at small-cap companies. VF Corp. was in desperate need of a new CEO, and they got one. Engaged also urges VF Corp. to evaluate non-core divestitures to fix the balance sheet. After adding up all the pieces, Engaged sees a path to a $46 share price within three years.

Persons: Glenn W, Steve Rendle, Rendle, Bracken Darrell, Darrell, Rendle's, Ken Squire Organizations: Welling, Relational Investors, VF Corp, Bloomberg, Partners, Management, Vans, Logitech, Corp, 13D

☆ Vans and North Face owner gets slammed. But Jim Cramer likes new CEO's turnaround plan
▼ + stars: | 2023-10-31 | by ( Morgan Chittum | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer said Tuesday that the company behind Vans, The North Face and Timberland has a promising blueprint to turn around its fortunes. Shares of troubled VF Corp (VFC) sank 9.5%, the morning after management withdrew its fiscal year revenue and profit forecasts. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. While acknowledging the near-term challenges due to a more cost-conscious consumer, Cramer said on "Squawk on the Street" that new CEO Bracken Darrell's plan to overhaul the company should lift the stock down the road. Cramer cited Darrell's long track record in leadership roles at Procter & Gamble (PG) and Logitech (LOGI) as a reason to give him the benefit of the doubt.

Persons: CNBC's Jim Cramer, Timberland, Jim Cramer's, Cramer, Bracken Darrell's Organizations: Vans, Procter & Gamble, Logitech, TJX Companies, Marshalls Locations: Maxx

☆ VF Corp. CEO Bracken Darrell goes one-on-one with Jim Cramer
▼ + stars: | 2023-10-30 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVF Corp. CEO Bracken Darrell goes one-on-one with Jim CramerVF Corp. CEO Bracken Darrell joins 'Mad Money' host Jim Cramer to talk his jump from Logitech, consumer spending, and quarterly results.

Persons: Bracken Darrell, Jim Cramer VF, Jim Cramer Organizations: Jim Cramer VF Corp, Logitech

☆ We're reducing cost across the board and reinvesting in innovation: VF Corp. CEO Bracken Darrell
▼ + stars: | 2023-10-30 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're reducing cost across the board and reinvesting in innovation: VF Corp. CEO Bracken DarrellVF Corp. CEO Bracken Darrell joins 'Mad Money' host Jim Cramer to talk his jump from Logitech, consumer spending, and quarterly results.

Persons: Bracken Darrell VF, Bracken Darrell, Jim Cramer Organizations: Corp, Logitech

☆ New VF Corp CEO talks plans to improve business, including Vans turnaround
▼ + stars: | 2023-10-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

After VF Corp 's Monday quarterly report saw the company withdraw its full-year revenue and profit forecasts, new CEO Bracken Darrell laid out his plans to improve business in an interview with CNBC's Jim Cramer. The company, which owns brands including Vans, North Face and Timberland, saw its sales decline 11% in the U.S during its second quarter, with Vans sales alone down 21%. By Monday's close, VF Corp shares were trading down 4.56%. Darrell joined VF Corp in July, and he said he's no stranger to helping companies reinvigorate business, citing his 10-year run as the CEO of Logitech . And Vans really catered to that through the skater community," he said.

Persons: Bracken Darrell, CNBC's Jim Cramer, Monday's, Darrell Organizations: Vans, U.S, VF Corp, Corp, Logitech

☆ Stocks like Rivian are a table-pounding buy ahead of earnings, analysts say
▼ + stars: | 2023-10-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

There are a slew of top stocks to buy this earnings season, analysts say. CNBC Pro combed through the latest Wall Street research to find the most well-positioned stocks heading into earnings. The firm added a tactical outperform rating to the name, saying Roku shares are too attractive to ignore. However, that doesn't mean investors should bail on the stock, the analyst said, adding a beat is very likely. VF Corporation Buy shares of the undervalued retail clothing company, Guggenheim analyst Robert Drbul wrote recently.

Persons: Shweta Khajuria, Khajuria, Roku, Jim Salera, Salera, Robert Drbul, Drbul, Bracken Darrell, Benno Dorer, Utz, Stephens, …, Cantor Fitzgerald Organizations: CNBC, VF Corp, Roku, Guggenheim, Logitech, Corp, ISI Locations: LSEG

☆ Computer parts maker Logitech's second-quarter sales fall
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsOct 24 (Reuters) - Logitech International (LOGN.S) suffered a drop in sales in the second quarter, it said on Tuesday, as the computer peripherals maker struggled to hold on to the gains made during the pandemic. Sales fell 8% to $1.06 billion for the quarter ended September, it said in an exchange filing. However, it reported sales of $2.03 billion in the first half, beating its own forecast of $1.875-$1.975 billion. Non-GAAP operating income rose 17% to $183 million in the second quarter, the Swiss-U.S. company said. It expects sales this fiscal year to be in the range of $4-$4.15 billion and non GAAP operating income between $525 million and $575 million.

Persons: Dado Ruvic, Bracken Darrell, Daniel Borel, Borel, Wendy Becker's, John Revill, Maria Ponnezhath, Dhanya Ann Thoppil Organizations: Logitech, REUTERS, U.S, Thomson Locations: Swiss

☆ Vans, North Face owner VF Corp shares jump after activist investor builds stake
▼ + stars: | 2023-10-17 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Activist investment firm Engaged Capital has taken a stake in VF Corp. , owner of Vans and The North Face brands, and is pushing for cost cuts and changes to the board. Shares of VF Corp jumped roughly 14% following the news, trading at over $18. Engaged said shares of VF Corp. could jump to a share price of $46 within three years if proposed changes are implemented. It is unclear exactly how much of a stake Engaged has taken in VF Corp. VF Corp. said it is aware of Engaged's comments and investment.

Persons: Steve Rendle, Rendle, Rendle's, Bracken Darrell, Mr, Darrell Organizations: Face Inc, VF Corp, Vans, Corp Locations: Easton, Columbus , Ohio, Vans

☆ Logitech founder calls on computer peripherals group to find new chairperson
▼ + stars: | 2023-09-15 | by ( John Revill | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsCompanies Logitech International SA FollowZURICH, Sept 15 (Reuters) - Logitech (LOGN.S) co-founder Daniel Borel stepped up his call for it to find a new chairperson on Friday, after objecting to Wendy Becker's re-election to the role at the Swiss-American computer peripherals maker's AGM earlier this week. Borel, one of three people who founded Logitech (LOGN.S) in 1981, said the maker of computer mice and keyboards had lost its way under Becker, who has chaired it since September 2019. "I am not yet a dinosaur meddling, but I am worried about the future of Logitech, the company I created," Borel told Reuters. "Logitech needs a new chairperson, someone who can react to the changed market situation." Borel, who holds a stake of around 1.5% in Logitech said the downturn had not been recognised quickly enough.

Persons: Dado Ruvic, Daniel Borel, Wendy Becker's, Becker, Borel, Logitech, Jack Wills, Wendy, Bracken Darrell, John Revill, Alexander Smith Organizations: Logitech, REUTERS, Logitech International, Follow ZURICH, Swiss, Reuters, Thomson Locations: American, Swiss

☆ Logitech raises sales forecast for first half of 2024
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +1 min

July 25 (Reuters) - Logitech International (LOGN.S) on Tuesday raised its sales outlook for the first half of its 2024 financial year, in the first set of results since longstanding CEO Bracken Darrell quit the computer peripherals maker last month. The company said it now expects first-half sales of $1.875 billion to $1.975 billion, compared to 1.8 billion to 1.9 billion earlier. It also forecast full year sales of $3.8 billion to $4 billion. Non-GAAP operating profit, meanwhile, was $109 million, better than the $70 million forecast by analysts. After seeing a big jump in sales during the COVID-19 pandemic as people equipped their home offices with the latest keyboards and peripherals, Logitech has been bracing itself for a downturn this year.

Persons: Bracken Darrell, Darrell, John Revill, Subhranshu Sahu, Varun Organizations: Logitech, VF Corp, Thomson Locations: Zurich, Bengaluru

☆ Vans sneakers maker VF taps Logitech's Bracken Darrell as CEO
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: 1 min

June 20 (Reuters) - VF Corp (VFC.N) has appointed Bracken Darrell, who last week stepped down as head of computer accessories maker Logitech (LOGN.S) after a 10-year stint, as its new CEO, the apparel and footwear maker said on Tuesday. VF Corp's CEO Steve Rendle retired in December 2022, after 25 years with the company, with lead independent director Benno Dorer named interim CEO. Darrell, who will take charge on July 17, has previously worked at Procter & Gamble (PG.N), Whirlpool Corp (WHR.N) and General Electric (GE.N). Dorer will remain a board member, VF Corp said. Reporting by Deborah Sophia and Juveria Tabassum in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: Bracken Darrell, Steve Rendle, Benno Dorer, Darrell, Dorer, Deborah Sophia, Juveria, Sriraj Organizations: VF, Logitech, Procter & Gamble, Whirlpool Corp, General Electric, Corp, Thomson Locations: Bengaluru

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, SoFi, ServiceNow, Meta, Netflix, Splunk and more
▼ + stars: | 2023-06-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +12 min

Piper Sandler initiates Domino's as overweight Piper said it sees an attractive risk/reward for Domino's shares. Piper Sandler reiterates Meta as outperform Piper Sandler raised its price target on the stock to $310 per share from $270 and said ad spend is "holding up." Citi downgrades Logitech to neutral from buy Citi downgraded the stock due to the unexpected departure of CEO Bracken Darrell. Citi reiterates Accenture as buy Citi said the Dublin-based IT company is an AI beneficiary. Piper Sandler initiates Bentley Systems as overweight Piper said the company is a "high quality industrial software franchise operating with scale."

Persons: Piper Sandler, Piper, Wolfe, it's bullish, Bernstein, Gordon Haskett downgrades, Gordon Haskett, Needham, ServiceNow, Bracken Darrell, Guy Gecht, Raymond James, Dave, Buster's, Riley downgrades Cinemark, Riley, Li, Morgan Stanley, Tesla, Splunk, TD Cowen, Wingstop, Cowen, it's, Estée Lauder, Berenberg, Roth, Morgan, Bud Light Organizations: Barclays, Netflix, FedEx, Apple, TAM, Citi, Logitech, Materials, SVB Securities, PayPal, Linde, LIN, Bank of America, Oculis, Dave, Cinemark Holdings, Inc, Accenture, IT Services, Li Auto Citi, China, Li, SSS, Bentley Systems, Photonics, Technologies, AMD Data Center, JPMorgan, DG, Anheuser, Busch InBev, Molson Coors, & $ Locations: 3Q22, 4Q22, 2H23, Latin America, Dublin, Bergamo

☆ Stocks making the biggest moves premarket: Toyota, AMD, Shell, UnitedHealth and more
▼ + stars: | 2023-06-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Toyota cars are displayed on the sales lot at Toyota Marin in San Rafael, California, May 11, 2022. Check out the companies making the biggest moves in premarket trading. Vodafone — The cellphone network added nearly 3% in premarket trading after Vodafone and CK Hutchison agreed to merge their U.K. businesses. Shell — The European oil stock was up 2.3% after Shell boosted its dividend and share buybacks and said it would keep oil production steady until 2030. SoFi Technologies — Shares added 3.25% premarket.

Persons: Akio Toyoda, Bracken Darrell, CK Hutchison, UnitedHealth, John Rex, BTIG, — CNBC's Hakyung Kim, Jesse Pound Organizations: Toyota, Toyota Marin, Logitech, Citi, Vodafone, CK, Devices, Amazon, Services, Reuters, Humana, Lumen Technologies, Google, Microsoft, Shell, SoFi Locations: San Rafael , California, Japan

☆ Stocks making the biggest moves midday: Logitech, Toyota, UnitedHealth, AMD and more
▼ + stars: | 2023-06-14 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Logitech — Shares tumbled 12.3% after the company announced president and CEO Bracken Darrell is departing. Toyota — The Japan-based automaker's shares gained 4.5% Wednesday. Lumen Technologies — The telecommunications stock gained 6% during midday trading Wednesday, adding to the 16% advance that was made Tuesday. Earlier in the week, the company announced a new partnership with electric vehicle software charging company ev.energy. Advanced Micro Devices — The chip stock gained nearly 2% in midday trading, a day after the company announced its latest artificial intelligence chips.

Persons: Bracken Darrell, UnitedHealth — UnitedHealth, John Franklin Rex, Akio Toyoda, Lumen, Roth MKM, Goldman Sachs, Bernstein, Bud, Raymond James, Buster's, Cinemark, Riley, Li Auto, Morgan Stanley, Wolfe, it's bullish, Gordon Haskett, SVB, — SoFi, Estée Lauder —, — CNBC's Michelle Fox, Yun Li, Sarah Min, Hakyung Kim Organizations: Logitech, Swiss Federal Institute of Technology of, Citi, Goldman, Global Healthcare, Toyota, Lumen Technologies, Google, Microsoft, Maxeon, Technologies, Reuters, Services, AMD, Anheuser, Busch InBev —, Netflix, Wolfe Research, Barclays, SVB Securities, Berenberg Locations: Swiss Federal Institute of Technology of Lausanne, Lausanne, Switzerland, Japan, Latin America

☆ Logitech says CEO stepping down, to leave company
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +1 min

June 13 (Reuters) - Logitech SA (LOGN.S) said on Tuesday that Chief Executive Officer and President Bracken Darrell is resigning from his role effective immediately and will be leaving the company to pursue another opportunity. Darrell, who assumed the role of Logitech's CEO in 2013, will remain with the company over the coming month to facilitate the transition while a search for a replacement is conducted, the statement said. Meanwhile, board member Guy Getch will step in as interim CEO, the company said. "I feel this is a good point to hand over leadership," Darrell said, adding that he will remain a "customer, shareholder and fan" of the Swiss-American tech company. Reporting by Rahat Sandhu in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Bracken Darrell, Darrell, Guy Getch, Rahat Sandhu, Pooja Desai Organizations: Logitech SA, Logitech, Swiss, Thomson Locations: American, Bengaluru

☆ Logitech CEO Bracken Darrell sits down with Jim Cramer to talk quarterly earnings
▼ + stars: | 2023-05-02 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Logitech CEO Bracken Darrell sits down with Jim Cramer to talk quarterly earnings'Mad Money' host Jim Cramer sits down with Logitech CEO Bracken Darrell to talk the PC market, the gaming sector, operating expenses, and his perspective on the company's future.

☆ Ex-Amazon consumer chief Jeff Wilke backed a $4 million round in preventative healthcare startup AERA Health after seeing this 12-slide pitch deck
▼ + stars: | 2023-03-20 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

A Swiss-German startup has raised $4.25 million for its preventative healthcare platform. AERA Health will offer consumers a mix of digital and in-person treatments and personalized health plans. A startup that aims to bring preventative and personalized healthcare plans to individuals has just secured $4.25 million in funding. Swiss-German startup AERA Health is tapping into the burgeoning field of preventative medicine and longevity — tailing Spotify founder Daniel Ek's recent foray into the sector. This holistic data gives the startup — and any clinicians working collaboratively with it — a starting point to guide their patients through their personalized health plans.

☆ Logitech quarterly sales fall 22% as slowdown fears bite
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado RuvicJan 24 (Reuters) - Computer peripherals maker Logitech International (LOGN.S) said on Tuesday its third-quarter sales fell 22%, confirming its preliminary results which showed that business customers had put the brakes on buying new equipment amid slowdown concerns. The company's preliminary figures published on Jan. 11 showed its sales had fallen to between $1.26 and 1.27 billion. Its non-GAAP operating income fell 32% to $204 million from $302 million a year earlier. It had previously reported preliminary operating income in the range of $198 to $203 million. It still expects full-year sales to drop 13% to 15% in the 12 months to the end of March, and generate non-GAAP operating income of $550 to $600 million.

☆ Logitech cuts sales outlook after Q3 miss; shares seen sinking
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +1 min

ZURICH, Jan 12 (Reuters) - Logitech International (LOGN.S) on Thursday reported lower earnings and sales between October and December and cut its sales outlook, citing a difficult economic backdrop and supply chain uncertainties linked to China's COVID-19 outbreak. CEO Bracken Darrell said the weaker-than-expected results reflected "challenging macroeconomic conditions including a slowdown in sales to enterprise customers in the quarter." The company was cutting its outlook based on the results and on "uncertainty in supply availability related to the current COVID outbreak in China." Last year, COVID restrictions drove Logitech to its highest ever second-quarter sales on the back of strong demand for home office products and computer gaming devices. Reporting by Noele Illien and John Stonestreet; Editing by Jacqueline Wong and Noele IllienOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves midday: Cognizant, American Airlines, Logitech and more
▼ + stars: | 2023-01-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Cognizant — Shares of Cognizant rose 8% after the IT company raised its fourth-quarter revenue guidance. American Airlines — Shares rose more than 7% after the airline boosted its revenue and profit estimates for the fourth quarter. Caterpillar — Shares rose 2.4%, notching a 52-week high, after JPMorgan added the manufacturer to its focus list, saying its margin upside potential is currently underappreciated. Bed Bath & Beyond — Bed Bath & Beyond rallied 18%, building on gains after a handful of meme stocks surged Wednesday. The stock surged almost 69% in Wednesday's session.

☆ Barclays says buy this consumer hardware name, the ‘most underappreciated player in the space’
▼ + stars: | 2022-11-09 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +4 min

Logitech is poised to be a long-term winner in consumer hardware, making now a good time for investors to buy according to Barclays. The firm sees Logitech as "the most underappreciated player in the space, with easier compares and a replacement cycle on the horizon led by gaming," analyst Tim Long wrote in a Nov. 9 note. The company also holds the top market share in all three verticals of its creativity and productivity segment, which is profitable. In addition, the company does face increased competition in the consumer hardware space and could see its market share eroded due to a lack of production innovation. The company also holds the top market share in all three verticals of its creativity and productivity segment, which is profitable.

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