Analyst Keeps Dolby Buy Rating as Dolby Vision Goes Mainstream in $50 Stick
Dougherty & Co. analyst Steven Frankel maintained a buy rating on Dolby, in a research note to investors Wednesday before the company’s Oct. 24 quarterly earnings report, but he warned the company’s switch to ASC 606 reporting guidelines could “complicate”…
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FY 19 guidance. During the quarter, Dolby expanded its ecosystem, going mainstream with the Dolby Vision-enabled Amazon 4K Fire TV stick ($50) and several new Atmos sound bars. Frankel also cited a growing number of Dolby Vision titles from iTunes and Netflix, along with enhanced device support on the Xbox One and Apple TV 4K.