For Immediate Release
Chicago, IL – July 28, 2020 – Zacks Equity Research Shares of Best Buy Co. BBY as the Bull of the Day, Groupon GRPN asthe Bear of the Day. In addition, Zacks Equity Research provides analysis on Fortinet, Inc. FTNT, Check Point Software Technologies Ltd. CHKP and Zix Corp. ZIXI.
Here is a synopsis of all five stocks:
Bull of the Day:
Headquartered in Richfield, MN, Best Buy Co. is a popular consumer electronics retailer that offers a wide range of home office products, entertainment software, communication, appliances, wellness, heath, security, appliances and related services.
Q1 Earnings Recap
Overall, Best Buy reported better-than-expected first quarter fiscal 2021 earnings, despite selling off by nearly 6% after the report was released.
The retailer beat consensus estimates on both the top and bottom line, earning $0.67 per share on sales of $8.56 billion. However, BBY suffered some pretty tough