On Friday, Walt Disney Co (NYSE:DIS)’s shares declined -2.41% to $108.09, as Barclays analysts contend that its forthcoming Star Wars movie will likely disappoint investors.
Basing the success of a company as massive as Disney largely on one movie “appears to be more a function of hope than reality given Disney’s multiples,” Barclays asserts, according to Barron’s.
The movie’s success impacts segments that make up less than a fourth of Disney’s EBITDA and an even smaller amount of its cash flow.
Although Barclays concedes that “Star Wars: The Force Awakens” will probably be a commercial success, investors are poised to be disappointed if the movie is not one of the all-time best, Barron’s reports.
The Star Wars franchise lacks familiarity in important international markets such as China, which will hinder the forthcoming movie’s ability to bring in the predictable $2 billion to $3 billion, Barclays adds, Barron’s notes. The international box office has comprised about 66% of the average collections of this year’s biggest movies.
The Walt Disney Company, incorporated on July 28, 1995, together with its subsidiaries and affiliates, is a diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media. Media Networks comprise an array of broadcast, cable, radio.
Ambarella Inc (NASDAQ:AMBA)’s shares dropped -2.32% to $57.63.
Ambarella, Inc. (AMBA), declared that the Global Semiconductor Alliance (GSA) of Santa Clara, California has honored Ambarella with the 2015 awards for Most Respected Public Semiconductor Company and for Best Financially Managed Semiconductor Company; both awards are for companies achieving $100M to $500M in annual sales. The awards were presented to Ambarella executives at the GSA annual awards dinner celebration held on Thursday, December 10, 2015 in Santa Clara, California.
According to GSA, the award for Most Respected Semiconductor Company is decided by GSA member ballot and is designed to identify the public company garnering the most respect from the semiconductor industry in terms of products, vision and future opportunities. In addition, profitability and market capitalization among other financial and product successes are considered. The award for Best Financially Managed Semiconductor Company is determined by GSA analysis of numerous financial metrics in addition to the respective rates of change or year-over-year improvement.
“Over the past 12 years, Ambarella’s administration team has enabled an array of exciting new camera categories with the most recent being home monitoring, wearable and flying cameras,” said Jodi Shelton, president of the Global Semiconductor Alliance. “These awards honor the high standard they hold for themselves and shows their strength in our semiconductor community.”
Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. The company’s system-on-a-chip designs integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
At the end of Friday’s trade, Corporate Office Properties Trust (NYSE:OFC)‘s shares dipped -1.72% to $21.66.
The Board of Trustees of Corporate Office Properties Trust (OFC) declared a quarterly dividend of $0.275 per Common Share of beneficial interest for the fourth quarter 2015, payable on January 15, 2016, to shareholders of record on December 31, 2015.
For the Series K and L Preferred Shares of beneficial interest of the Company listed below, the Board of Trustees declared dividends for the period commencing October 15, 2015, and ending January 14, 2016, payable on January 15, 2016, to shareholders of record on December 31, 2015.
Corporate Office Properties Trust, a real estate investment trust (REIT), engages in the acquisition, development, ownership, administration, and leasing of suburban office properties.