What's New In the Consumer Tech World Last Week? News That You Should Know (June 9-June 15, 2024)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 16 2024
0mins
Should l Buy DXCM?
Source: Benzinga
- Mark Cuban's View on AI: Mark Cuban believes that U.S. government and investor efforts to regulate AI may give Chinese companies an advantage in the field.
- Data Breaches Diplomatic Tensions: Data breaches at a $20 billion internet company co-owned by SoftBank Corp and Naver are causing diplomatic tensions between Japan and South Korea.
- Impact of Gossip App Fizz: The launch of a gossip app, Fizz, at a Vermont high school has led to bullying and controversy, raising concerns about social media's impact on teen mental health.
- Tech Collaborations: Vrio Corporation partners with Amazon's Project Kuiper for satellite broadband, while Apple integrates Google Gemini AI model into its Apple Intelligence feature set.
- Elon Musk Updates: Elon Musk ends speculation about a Tesla smartphone, criticizes Apple's partnership with OpenAI, and withdraws his lawsuit against OpenAI.
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Analyst Views on DXCM
Wall Street analysts forecast DXCM stock price to rise
16 Analyst Rating
13 Buy
2 Hold
1 Sell
Strong Buy
Current: 60.040
Low
68.00
Averages
82.54
High
100.00
Current: 60.040
Low
68.00
Averages
82.54
High
100.00
About DXCM
DexCom, Inc. is a medical device company. The Company is primarily focused on the design, development, and commercialization of continuous glucose monitoring (CGM), systems for the management of diabetes and metabolic health by patients, caregivers, and clinicians. It enables people to take control of health through innovative biosensing technology. The G7 is an integrated continuous glucose monitoring system. Stelo is designed specifically for people with type II diabetes who do not use insulin as the first over-the-counter glucose biosensor in the United States. The Dexcom Share remote monitoring system, offered for use with any Dexcom system, uses an app on the patient’s compatible mobile device. Its Dexcom G7 is for adults and children (2+ years) living with type I or type II diabetes who are on any insulin or medications, at risk of hypoglycemia, and those with gestational diabetes. The G7 and G7 15 Day includes finger stick elimination, continuous glucose readings and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Investigation into DexCom Shareholder Rights
- Shareholder Rights Investigation: Halper Sadeh LLC is investigating whether certain officers and directors of DexCom, Inc. breached their fiduciary duties, potentially leading to shareholder losses.
- Legal Fee Arrangement: The firm promises to handle cases on a contingent fee basis, meaning shareholders will not incur upfront legal costs, thus reducing the financial burden of participation.
- Importance of Participation: Shareholder involvement can help improve company policies and oversight mechanisms, enhancing transparency and accountability, which ultimately boosts shareholder value.
- Global Investor Representation: Halper Sadeh LLC represents investors worldwide, focusing on implementing corporate reforms and recovering millions for defrauded investors, showcasing its expertise in protecting investor rights.
See More
DexCom Announces Investor Day on May 14, 2026
- Investor Day Announcement: DexCom will host its Investor Day on May 14, 2026, from 1:15 PM to 3:30 PM PDT, where management will discuss market opportunities, business strategy, innovation efforts, and long-term financial outlook.
- Live Webcast Availability: The event will feature a live webcast accessible via the DexCom Investor Relations website, ensuring that all stakeholders can stay informed about the company's latest developments in real-time.
- Company Background: Founded in 1999, DexCom has pioneered glucose biosensing technology for over 25 years, focusing on empowering individuals to manage diabetes through innovative solutions.
- Technological Impact: DexCom's technology has transformed diabetes management and glucose tracking, enabling users to take control of their health and live more confidently, showcasing the company's leadership in the health tech sector.
See More
Atlassian and Others See Significant Stock Gains
- Atlassian's Optimistic Guidance: Atlassian shares surged 23% after projecting a 24% revenue growth for the year, exceeding its previous 22% forecast and the FactSet consensus of 22.2%, indicating strong market performance and growth potential.
- nVent Electric's Strong Earnings: nVent's stock jumped 11% as first-quarter EPS and revenue surpassed Wall Street's highest estimates, with full-year revenue growth forecasted at 26% to 28%, significantly above the consensus of 18%, reflecting robust demand in data centers and energy storage.
- Cboe Global Markets Layoffs: Cboe shares rose 9% following the announcement of a 20% workforce reduction, with first-quarter adjusted EPS at $3.70 and revenue of $728.9 million, both exceeding market expectations, demonstrating the company's commitment to operational optimization.
- Roku's Revenue Beat: Roku's stock increased by 4% after reporting first-quarter revenue of $1.25 billion, surpassing the expected $1.20 billion, with adjusted EBITDA also exceeding estimates, showcasing the company's ongoing growth potential in the streaming market.
See More
DEXCOM STOCK RECOVERS IN PREMARKET TRADING, RISING 4.3% FOLLOWING Q1 RESULTS
- Stock Performance: Dexcom shares have reversed their pre-market decline, increasing by 4.3% following the release of Q1 results.
- Market Reaction: The positive movement in Dexcom's stock indicates investor confidence after the company's quarterly performance report.
See More
Apple, Roku, Estée Lauder Beat Earnings Expectations
- Apple's Strong Earnings: Apple reported a fiscal second-quarter earnings of $2.01 per share and revenue of $111.18 billion, surpassing analyst expectations of $1.95 and $109.66 billion, although iPhone sales missed estimates for the third consecutive quarter, indicating increasing market competition pressures.
- Roku's Robust Growth: Roku's first-quarter revenue reached $1.25 billion, exceeding the expected $1.20 billion, with adjusted EBITDA of $148.4 million also above the forecast of $131.3 million, highlighting the company's ongoing growth potential in the streaming market.
- Estée Lauder's Better-Than-Expected Performance: Estée Lauder reported third-quarter earnings of $0.91 per share and revenue of $3.71 billion, both exceeding analyst estimates, despite announcing job cuts as part of its turnaround strategy, reflecting its adaptive measures in a changing market.
- Moderna's Improved Financials: Moderna posted a first-quarter loss of $3.40 per share, better than the anticipated loss of $4.45, with revenues of $389 million surpassing the $236.4 million estimate, indicating its sustained competitiveness in the vaccine market.
See More
DEXCOM INC: TD COWEN LOWERS TARGET PRICE FROM $84 TO $75
Company Update: DEXCOM has announced a reduction in its target price.
New Target Price: The target price has been cut from $84 to $75.
See More
Investigation into DexCom Shareholder Rights
- Shareholder Rights Investigation: Halper Sadeh LLC is investigating whether certain officers and directors of DexCom, Inc. breached their fiduciary duties, potentially leading to shareholder losses.
- Legal Fee Arrangement: The firm promises to handle cases on a contingent fee basis, meaning shareholders will not incur upfront legal costs, thus reducing the financial burden of participation.
- Importance of Participation: Shareholder involvement can help improve company policies and oversight mechanisms, enhancing transparency and accountability, which ultimately boosts shareholder value.
- Global Investor Representation: Halper Sadeh LLC represents investors worldwide, focusing on implementing corporate reforms and recovering millions for defrauded investors, showcasing its expertise in protecting investor rights.
See More
DexCom Announces Investor Day on May 14, 2026
- Investor Day Announcement: DexCom will host its Investor Day on May 14, 2026, from 1:15 PM to 3:30 PM PDT, where management will discuss market opportunities, business strategy, innovation efforts, and long-term financial outlook.
- Live Webcast Availability: The event will feature a live webcast accessible via the DexCom Investor Relations website, ensuring that all stakeholders can stay informed about the company's latest developments in real-time.
- Company Background: Founded in 1999, DexCom has pioneered glucose biosensing technology for over 25 years, focusing on empowering individuals to manage diabetes through innovative solutions.
- Technological Impact: DexCom's technology has transformed diabetes management and glucose tracking, enabling users to take control of their health and live more confidently, showcasing the company's leadership in the health tech sector.
See More
Atlassian and Others See Significant Stock Gains
- Atlassian's Optimistic Guidance: Atlassian shares surged 23% after projecting a 24% revenue growth for the year, exceeding its previous 22% forecast and the FactSet consensus of 22.2%, indicating strong market performance and growth potential.
- nVent Electric's Strong Earnings: nVent's stock jumped 11% as first-quarter EPS and revenue surpassed Wall Street's highest estimates, with full-year revenue growth forecasted at 26% to 28%, significantly above the consensus of 18%, reflecting robust demand in data centers and energy storage.
- Cboe Global Markets Layoffs: Cboe shares rose 9% following the announcement of a 20% workforce reduction, with first-quarter adjusted EPS at $3.70 and revenue of $728.9 million, both exceeding market expectations, demonstrating the company's commitment to operational optimization.
- Roku's Revenue Beat: Roku's stock increased by 4% after reporting first-quarter revenue of $1.25 billion, surpassing the expected $1.20 billion, with adjusted EBITDA also exceeding estimates, showcasing the company's ongoing growth potential in the streaming market.
See More
DEXCOM STOCK RECOVERS IN PREMARKET TRADING, RISING 4.3% FOLLOWING Q1 RESULTS
- Stock Performance: Dexcom shares have reversed their pre-market decline, increasing by 4.3% following the release of Q1 results.
- Market Reaction: The positive movement in Dexcom's stock indicates investor confidence after the company's quarterly performance report.
See More
Apple, Roku, Estée Lauder Beat Earnings Expectations
- Apple's Strong Earnings: Apple reported a fiscal second-quarter earnings of $2.01 per share and revenue of $111.18 billion, surpassing analyst expectations of $1.95 and $109.66 billion, although iPhone sales missed estimates for the third consecutive quarter, indicating increasing market competition pressures.
- Roku's Robust Growth: Roku's first-quarter revenue reached $1.25 billion, exceeding the expected $1.20 billion, with adjusted EBITDA of $148.4 million also above the forecast of $131.3 million, highlighting the company's ongoing growth potential in the streaming market.
- Estée Lauder's Better-Than-Expected Performance: Estée Lauder reported third-quarter earnings of $0.91 per share and revenue of $3.71 billion, both exceeding analyst estimates, despite announcing job cuts as part of its turnaround strategy, reflecting its adaptive measures in a changing market.
- Moderna's Improved Financials: Moderna posted a first-quarter loss of $3.40 per share, better than the anticipated loss of $4.45, with revenues of $389 million surpassing the $236.4 million estimate, indicating its sustained competitiveness in the vaccine market.
See More
DEXCOM INC: TD COWEN LOWERS TARGET PRICE FROM $84 TO $75
Company Update: DEXCOM has announced a reduction in its target price.
New Target Price: The target price has been cut from $84 to $75.
See More
