Here are the biggest analyst calls of the day: Tesla, Qualcomm, Cisco & more

Tesla founder Elon Musk speaks at the unveiling event by “The Boring Company” for the test tunnel of a proposed underground transportation network across Los Angeles County, in Hawthorne, California, December 18, 2018. Here are the biggest calls on Wall Street on Monday:Jefferies raised its price target on the stock and said it sees the company “maintaining its edge in product, affordability and technology.” “Without assuming it is smooth sailing from here, Q3 reported gross margin levels that a


Tesla founder Elon Musk speaks at the unveiling event by “The Boring Company” for the test tunnel of a proposed underground transportation network across Los Angeles County, in Hawthorne, California, December 18, 2018.
Here are the biggest calls on Wall Street on Monday:Jefferies raised its price target on the stock and said it sees the company “maintaining its edge in product, affordability and technology.”
“Without assuming it is smooth sailing from here, Q3 reported gross margin levels that a
Here are the biggest analyst calls of the day: Tesla, Qualcomm, Cisco & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: michael bloom
Keywords: news, cnbc, companies, affordability, day, product, tesla, company, qualcomm, unveiling, calls, biggest, wall, underground, cisco, analyst, maintaining, 2020, edge


Here are the biggest analyst calls of the day: Tesla, Qualcomm, Cisco & more

Tesla founder Elon Musk speaks at the unveiling event by “The Boring Company” for the test tunnel of a proposed underground transportation network across Los Angeles County, in Hawthorne, California, December 18, 2018.

Here are the biggest calls on Wall Street on Monday:

Jefferies raised its price target on the stock and said it sees the company “maintaining its edge in product, affordability and technology.”

“Without assuming it is smooth sailing from here, Q3 reported gross margin levels that are consistent with sustained profitability while ASPs should stabilize ahead of H2 2020 improvements. Stabilization in 2019 sets a better foundation for a return to growth in 2020 revenue and earnings. We continue to see Tesla maintaining its edge in product, affordability and technology.”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: michael bloom
Keywords: news, cnbc, companies, affordability, day, product, tesla, company, qualcomm, unveiling, calls, biggest, wall, underground, cisco, analyst, maintaining, 2020, edge


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Here are the biggest analyst calls of the day: Tesla, Qualcomm, Cisco & more

Tesla founder Elon Musk speaks at the unveiling event by “The Boring Company” for the test tunnel of a proposed underground transportation network across Los Angeles County, in Hawthorne, California, December 18, 2018. Here are the biggest calls on Wall Street on Monday:Jefferies raised its price target on the stock and said it sees the company “maintaining its edge in product, affordability and technology.” “Without assuming it is smooth sailing from here, Q3 reported gross margin levels that a


Tesla founder Elon Musk speaks at the unveiling event by “The Boring Company” for the test tunnel of a proposed underground transportation network across Los Angeles County, in Hawthorne, California, December 18, 2018.
Here are the biggest calls on Wall Street on Monday:Jefferies raised its price target on the stock and said it sees the company “maintaining its edge in product, affordability and technology.”
“Without assuming it is smooth sailing from here, Q3 reported gross margin levels that a
Here are the biggest analyst calls of the day: Tesla, Qualcomm, Cisco & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: michael bloom
Keywords: news, cnbc, companies, affordability, day, product, tesla, company, qualcomm, unveiling, calls, biggest, wall, underground, cisco, analyst, maintaining, 2020, edge


Here are the biggest analyst calls of the day: Tesla, Qualcomm, Cisco & more

Tesla founder Elon Musk speaks at the unveiling event by “The Boring Company” for the test tunnel of a proposed underground transportation network across Los Angeles County, in Hawthorne, California, December 18, 2018.

Here are the biggest calls on Wall Street on Monday:

Jefferies raised its price target on the stock and said it sees the company “maintaining its edge in product, affordability and technology.”

“Without assuming it is smooth sailing from here, Q3 reported gross margin levels that are consistent with sustained profitability while ASPs should stabilize ahead of H2 2020 improvements. Stabilization in 2019 sets a better foundation for a return to growth in 2020 revenue and earnings. We continue to see Tesla maintaining its edge in product, affordability and technology.”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: michael bloom
Keywords: news, cnbc, companies, affordability, day, product, tesla, company, qualcomm, unveiling, calls, biggest, wall, underground, cisco, analyst, maintaining, 2020, edge


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Here are the best analyst calls of the week on Wall Street including Nike, Sonos

Here are some of the best analyst calls on Wall Street this week:Morgan Stanley- Nike, Overweight ratingMorgan Stanley said it is “cautious” about the 2019 holiday season due to a “difficult” spring season. The firm said it prefers active apparel and footwear, which makes Nike a top pick heading into the holidays. Morgan Stanley- Tal Education Group, Overweight ratingMorgan Stanley said it sees more consolidation in the online education space and that a “$100 billion dollar market cap lies onlin


Here are some of the best analyst calls on Wall Street this week:Morgan Stanley- Nike, Overweight ratingMorgan Stanley said it is “cautious” about the 2019 holiday season due to a “difficult” spring season.
The firm said it prefers active apparel and footwear, which makes Nike a top pick heading into the holidays.
Morgan Stanley- Tal Education Group, Overweight ratingMorgan Stanley said it sees more consolidation in the online education space and that a “$100 billion dollar market cap lies onlin
Here are the best analyst calls of the week on Wall Street including Nike, Sonos Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-09  Authors: michael bloom
Keywords: news, cnbc, companies, wall, sonos, firm, best, analyst, week, including, calls, education, tal, apple, overweight, stanley, market, business, company, street, nike, online


Here are the best analyst calls of the week on Wall Street including Nike, Sonos

Nike Lunar Flyknit HTM Milano Source: Farfetch

(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) Here are some of the best analyst calls on Wall Street this week:

Morgan Stanley- Nike, Overweight rating

Morgan Stanley said it is “cautious” about the 2019 holiday season due to a “difficult” spring season. The firm said it prefers active apparel and footwear, which makes Nike a top pick heading into the holidays. Morgan Stanley said it liked the company’s direct-to-consumer “transformation efforts” among other things. “In particular, we expect NKE to be an outsized winner within our coverage this holiday season, driven primarily by its ongoing direct-to consumer transformation efforts, particularly Nike.com, NikePlus memberships, and its SNKRS app. We note 4Q typically experiences the largest increases in eCommerce activity and penetration, which should benefit not only NKE revenues, but margins as well, as we estimate NKE’s online business carries a 900-1000 bps higher EBIT margin than wholesale.”

Stephens- The Trade Desk, Overweight rating

Stephens initiated coverage of The Trade Desk which is an online advertising marketplace. The firm gave the company an overweight rating and said it had a more “defendable” business model than Netflix. It also said the company had “fewer regulatory risks” than Alphabet or Facebook. “We believe investors should own TTD – the leading, independent demand-side platform in the digital advertising ecosystem – because it is a more distributed, defendable and profitable business model than NFLX or ROKU and it carries fewer regulatory risks than GOOGL or FB. The stock is volatile and expensive , but we are initiating coverage with an OW/V rating and $250 PT, which assumes the stock will trade at 11.1x EV/21E sales and 14.3x gross profit a year from today.”

DA Davidson- Sonos, Buy rating

DA Davidson said the consumer electronics manufacturer was a “natural” acquisition candidate for Apple after Alphabet’s recent purchase of Fitbit. The firm said it expects shares to “appreciate” in value and said it is similar to Apple in that it has “product quality” and “design acumen.” “On the bad block of hardware companies, we consider Sonos to be: 1) the best house on the block and 2) the one adjacent to the mansion on the neighboring block, Apple. Similar to Apple, it: 1) makes products that we believe are, for the most part, superior to the competition, 2) has an eye for design, with products that look better than the competitions’, and 3) boasts a premium brand that enables it, along with the aforementioned reasons, to sell its products at higher prices than others.”

Morgan Stanley- Tal Education Group, Overweight rating

Morgan Stanley said it sees more consolidation in the online education space and that a “$100 billion dollar market cap lies online.” The firm singled out Tal Education Group which is a company headquartered in China that delivers after-school tutoring programs for primary and secondary school students. Morgan Stanley also said it see a $40 billion dollar “opportunity” in the U.S. offline business. “Higher ceiling of online education potential could drive TAL to be a US$100bn company long term: We believe the online education market will be more consolidated. We look for TAL to take a 15% share of the K12 online after-school tutoring market (we estimate it will reach US$160bn), and to achieve a 12.5% OPM in 2030. At 25x long-term P/E, TAL’s online business would have a long-term market value of US$60bn. Further, we expect the offline business will grow to US$40bn in 2030.”

Oppenheimer- Wayfair, Outperform rating


Company: cnbc, Activity: cnbc, Date: 2019-11-09  Authors: michael bloom
Keywords: news, cnbc, companies, wall, sonos, firm, best, analyst, week, including, calls, education, tal, apple, overweight, stanley, market, business, company, street, nike, online


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Here are the biggest analyst calls of the day: McDonald’s, World Wrestling, Target & more

We believe the macro economic backdrop will support another year of solid growth.” Nomura initiated Walmart & Target as “buy” and said it had a positive outlook on retail and that it saw another year of “solid” growth ahead. Citi upgraded the stock and said the risk/reward was now “compelling.” “In 1Q19, WWE sentiment was almost uniformly bullish. As the firm inked its new US TV rights deals, the market extrapolated the step-ups for international markets and assumed most new revenue would flow t


We believe the macro economic backdrop will support another year of solid growth.”
Nomura initiated Walmart & Target as “buy” and said it had a positive outlook on retail and that it saw another year of “solid” growth ahead.
Citi upgraded the stock and said the risk/reward was now “compelling.”
“In 1Q19, WWE sentiment was almost uniformly bullish.
As the firm inked its new US TV rights deals, the market extrapolated the step-ups for international markets and assumed most new revenue would flow t
Here are the biggest analyst calls of the day: McDonald’s, World Wrestling, Target & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: michael bloom
Keywords: news, cnbc, companies, calls, world, analyst, wwe, wall, mcdonalds, wrestler, versus, solid, vince, day, target, walmart, biggest, stock, wrestling


Here are the biggest analyst calls of the day: McDonald's, World Wrestling, Target & more

World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009

Here are the biggest calls on Wall Street on Friday:

“Retail sales as we measure it have grown 3.6% year to date in 2019, solid versus a 15-year average of 3.5%. We believe the macro economic backdrop will support another year of solid growth.”

Nomura initiated Walmart & Target as “buy” and said it had a positive outlook on retail and that it saw another year of “solid” growth ahead.

Citi upgraded the stock and said the risk/reward was now “compelling.”

“In 1Q19, WWE sentiment was almost uniformly bullish. As the firm inked its new US TV rights deals, the market extrapolated the step-ups for international markets and assumed most new revenue would flow to OIBDA. The stock briefly touched $100 a share.”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: michael bloom
Keywords: news, cnbc, companies, calls, world, analyst, wwe, wall, mcdonalds, wrestler, versus, solid, vince, day, target, walmart, biggest, stock, wrestling


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Here are the biggest analyst calls of the day: McDonald’s, World Wrestling, Target & more

We believe the macro economic backdrop will support another year of solid growth.” Nomura initiated Walmart & Target as “buy” and said it had a positive outlook on retail and that it saw another year of “solid” growth ahead. Citi upgraded the stock and said the risk/reward was now “compelling.” “In 1Q19, WWE sentiment was almost uniformly bullish. As the firm inked its new US TV rights deals, the market extrapolated the step-ups for international markets and assumed most new revenue would flow t


We believe the macro economic backdrop will support another year of solid growth.”
Nomura initiated Walmart & Target as “buy” and said it had a positive outlook on retail and that it saw another year of “solid” growth ahead.
Citi upgraded the stock and said the risk/reward was now “compelling.”
“In 1Q19, WWE sentiment was almost uniformly bullish.
As the firm inked its new US TV rights deals, the market extrapolated the step-ups for international markets and assumed most new revenue would flow t
Here are the biggest analyst calls of the day: McDonald’s, World Wrestling, Target & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: michael bloom
Keywords: news, cnbc, companies, calls, world, analyst, wwe, wall, mcdonalds, wrestler, versus, solid, vince, day, target, walmart, biggest, stock, wrestling


Here are the biggest analyst calls of the day: McDonald's, World Wrestling, Target & more

World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009

Here are the biggest calls on Wall Street on Friday:

“Retail sales as we measure it have grown 3.6% year to date in 2019, solid versus a 15-year average of 3.5%. We believe the macro economic backdrop will support another year of solid growth.”

Nomura initiated Walmart & Target as “buy” and said it had a positive outlook on retail and that it saw another year of “solid” growth ahead.

Citi upgraded the stock and said the risk/reward was now “compelling.”

“In 1Q19, WWE sentiment was almost uniformly bullish. As the firm inked its new US TV rights deals, the market extrapolated the step-ups for international markets and assumed most new revenue would flow to OIBDA. The stock briefly touched $100 a share.”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: michael bloom
Keywords: news, cnbc, companies, calls, world, analyst, wwe, wall, mcdonalds, wrestler, versus, solid, vince, day, target, walmart, biggest, stock, wrestling


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Here are the biggest analyst calls of the day: Match Group, Twitter, Papa John’s & more

In this photo illustration the Twitter logo is displayed on the screen of an iPhone in front of a computer screen displaying Twitter logos. We think current valuation represents a compelling risk/reward with the IAC spin-off (expected in 1H’20) acting as a potential catalyst – we upgrade our rating to Buy and see 30%+ upside to our new $88 PT.” UBS upgraded the operator of online dating sites and said it thinks the valuation represents a “compelling” risk/reward. Evercore downgraded the stock an


In this photo illustration the Twitter logo is displayed on the screen of an iPhone in front of a computer screen displaying Twitter logos.
We think current valuation represents a compelling risk/reward with the IAC spin-off (expected in 1H’20) acting as a potential catalyst – we upgrade our rating to Buy and see 30%+ upside to our new $88 PT.”
UBS upgraded the operator of online dating sites and said it thinks the valuation represents a “compelling” risk/reward.
Evercore downgraded the stock an
Here are the biggest analyst calls of the day: Match Group, Twitter, Papa John’s & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: michael bloom
Keywords: news, cnbc, companies, day, screen, growth, represents, papa, view, group, twitter, calls, analyst, biggest, potential, underinvestment, twtr, revenue, match, valuation, johns


Here are the biggest analyst calls of the day: Match Group, Twitter, Papa John's & more

In this photo illustration the Twitter logo is displayed on the screen of an iPhone in front of a computer screen displaying Twitter logos.

“We believe the LT fundamental drivers remain intact: a) the moat (growth & scale) around Tinder is widening; b) efficient allocation of marketing dollars across a family of brands to produce operating leverage & outsized returns; & c) MTCH mgmt remains top notch in terms of capital allocation across its own equity, new brand/product launches & potential M&A. We think current valuation represents a compelling risk/reward with the IAC spin-off (expected in 1H’20) acting as a potential catalyst – we upgrade our rating to Buy and see 30%+ upside to our new $88 PT.”

UBS upgraded the operator of online dating sites and said it thinks the valuation represents a “compelling” risk/reward.

Evercore downgraded the stock and said it was concerned about the social media company’s rising costs.

“While bulls will continue to point to a potential return to the >15% GAAP OI margins achieved in FY18 as an opportunity, in our view, 2018 represented a period of unsustainably high margins; last year, TWTR reaped the benefits of a period of sustained underinvestment. This underinvestment, in our view, played a key role in causing the “bugs” that resulted in last quarter’s surprise revenue miss. While we believe 3Q’s specific tech issues can be addressed in coming quarters, if TWTR is to approach the level of long-term revenue growth implied by consensus, the prerequisite will likely be ongoing growth in R&D spend at rates faster than those of revenue.”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: michael bloom
Keywords: news, cnbc, companies, day, screen, growth, represents, papa, view, group, twitter, calls, analyst, biggest, potential, underinvestment, twtr, revenue, match, valuation, johns


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Here are the biggest analyst calls of the day: Match Group, Twitter, Papa John’s & more

In this photo illustration the Twitter logo is displayed on the screen of an iPhone in front of a computer screen displaying Twitter logos. We think current valuation represents a compelling risk/reward with the IAC spin-off (expected in 1H’20) acting as a potential catalyst – we upgrade our rating to Buy and see 30%+ upside to our new $88 PT.” UBS upgraded the operator of online dating sites and said it thinks the valuation represents a “compelling” risk/reward. Evercore downgraded the stock an


In this photo illustration the Twitter logo is displayed on the screen of an iPhone in front of a computer screen displaying Twitter logos.
We think current valuation represents a compelling risk/reward with the IAC spin-off (expected in 1H’20) acting as a potential catalyst – we upgrade our rating to Buy and see 30%+ upside to our new $88 PT.”
UBS upgraded the operator of online dating sites and said it thinks the valuation represents a “compelling” risk/reward.
Evercore downgraded the stock an
Here are the biggest analyst calls of the day: Match Group, Twitter, Papa John’s & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: michael bloom
Keywords: news, cnbc, companies, day, screen, growth, represents, papa, view, group, twitter, calls, analyst, biggest, potential, underinvestment, twtr, revenue, match, valuation, johns


Here are the biggest analyst calls of the day: Match Group, Twitter, Papa John's & more

In this photo illustration the Twitter logo is displayed on the screen of an iPhone in front of a computer screen displaying Twitter logos.

“We believe the LT fundamental drivers remain intact: a) the moat (growth & scale) around Tinder is widening; b) efficient allocation of marketing dollars across a family of brands to produce operating leverage & outsized returns; & c) MTCH mgmt remains top notch in terms of capital allocation across its own equity, new brand/product launches & potential M&A. We think current valuation represents a compelling risk/reward with the IAC spin-off (expected in 1H’20) acting as a potential catalyst – we upgrade our rating to Buy and see 30%+ upside to our new $88 PT.”

UBS upgraded the operator of online dating sites and said it thinks the valuation represents a “compelling” risk/reward.

Evercore downgraded the stock and said it was concerned about the social media company’s rising costs.

“While bulls will continue to point to a potential return to the >15% GAAP OI margins achieved in FY18 as an opportunity, in our view, 2018 represented a period of unsustainably high margins; last year, TWTR reaped the benefits of a period of sustained underinvestment. This underinvestment, in our view, played a key role in causing the “bugs” that resulted in last quarter’s surprise revenue miss. While we believe 3Q’s specific tech issues can be addressed in coming quarters, if TWTR is to approach the level of long-term revenue growth implied by consensus, the prerequisite will likely be ongoing growth in R&D spend at rates faster than those of revenue.”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: michael bloom
Keywords: news, cnbc, companies, day, screen, growth, represents, papa, view, group, twitter, calls, analyst, biggest, potential, underinvestment, twtr, revenue, match, valuation, johns


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Bill Gates calls his meetings with Jeffrey Epstein ‘a mistake’

Bill Gates calls his meetings with Jeffrey Epstein ‘a mistake’Bill Gates sits down with CNBC’s Andrew Ross Sorkin at the New York Times DealBook Conference to discuss the lessons he’s learned from taking meetings with convicted sexual offender Jeffrey Epstein.


Bill Gates calls his meetings with Jeffrey Epstein ‘a mistake’Bill Gates sits down with CNBC’s Andrew Ross Sorkin at the New York Times DealBook Conference to discuss the lessons he’s learned from taking meetings with convicted sexual offender Jeffrey Epstein.
Bill Gates calls his meetings with Jeffrey Epstein ‘a mistake’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-06
Keywords: news, cnbc, companies, sexual, bill, mistake, calls, epstein, gates, meetings, sorkin, taking, sits, times, york, jeffrey


Bill Gates calls his meetings with Jeffrey Epstein 'a mistake'

Bill Gates calls his meetings with Jeffrey Epstein ‘a mistake’

Bill Gates sits down with CNBC’s Andrew Ross Sorkin at the New York Times DealBook Conference to discuss the lessons he’s learned from taking meetings with convicted sexual offender Jeffrey Epstein.


Company: cnbc, Activity: cnbc, Date: 2019-11-06
Keywords: news, cnbc, companies, sexual, bill, mistake, calls, epstein, gates, meetings, sorkin, taking, sits, times, york, jeffrey


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UAE ‘may lift’ ban on WhatsApp calls, cybersecurity chief says

UAE ‘may lift’ ban on WhatsApp calls, cybersecurity chief saysMohamed Al Kuwaiti, executive director of the UAE’s National Electronic Security Authority, discusses technology regulation in the Gulf country.


UAE ‘may lift’ ban on WhatsApp calls, cybersecurity chief saysMohamed Al Kuwaiti, executive director of the UAE’s National Electronic Security Authority, discusses technology regulation in the Gulf country.
UAE ‘may lift’ ban on WhatsApp calls, cybersecurity chief says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-06
Keywords: news, cnbc, companies, uae, saysmohamed, calls, ban, uaes, lift, national, chief, cybersecurity, kuwaiti, whatsapp, security, regulation, technology


UAE 'may lift' ban on WhatsApp calls, cybersecurity chief says

UAE ‘may lift’ ban on WhatsApp calls, cybersecurity chief says

Mohamed Al Kuwaiti, executive director of the UAE’s National Electronic Security Authority, discusses technology regulation in the Gulf country.


Company: cnbc, Activity: cnbc, Date: 2019-11-06
Keywords: news, cnbc, companies, uae, saysmohamed, calls, ban, uaes, lift, national, chief, cybersecurity, kuwaiti, whatsapp, security, regulation, technology


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UAE may lift ban on WhatsApp calls, head of country’s cybersecurity authority says

Jaap Arriens | NurPhoto | Getty ImagesThe UAE may soon lift its ban on WhatsApp calls, the head of the country’s digital security authority told CNBC. “There might be a lift of that ban for (WhatsApp) voice calls… and this is going to happen soon, this is what we know and understand from the telecommunication authority here in the UAE.” Most voice over Internet Protocol (VoIP) services – including Skype, FaceTime and WhatsApp – which enable free voice and video calls via the internet, are illega


Jaap Arriens | NurPhoto | Getty ImagesThe UAE may soon lift its ban on WhatsApp calls, the head of the country’s digital security authority told CNBC.
“There might be a lift of that ban for (WhatsApp) voice calls… and this is going to happen soon, this is what we know and understand from the telecommunication authority here in the UAE.”
Most voice over Internet Protocol (VoIP) services – including Skype, FaceTime and WhatsApp – which enable free voice and video calls via the internet, are illega
UAE may lift ban on WhatsApp calls, head of country’s cybersecurity authority says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-06  Authors: chloe taylor
Keywords: news, cnbc, companies, platforms, ban, head, internet, telecoms, whatsapp, voice, lift, cybersecurity, security, voip, calls, authority, uae, countrys


UAE may lift ban on WhatsApp calls, head of country's cybersecurity authority says

Jaap Arriens | NurPhoto | Getty Images

The UAE may soon lift its ban on WhatsApp calls, the head of the country’s digital security authority told CNBC. Speaking to CNBC’s “Capital Connection,” on Tuesday, Mohamed Al Kuwaiti, executive director of the UAE’s National Electronic Security Authority, said the UAE had increased its collaborations with big tech platforms — particularly Facebook-owned WhatsApp — on national security initiatives. “The collaboration with WhatsApp has actually increased, and in many of those (projects) we saw a very good understanding (from them) of the concept we have,” he said, referring to the Gulf country’s approach to telecoms regulation. “There might be a lift of that ban for (WhatsApp) voice calls… and this is going to happen soon, this is what we know and understand from the telecommunication authority here in the UAE.”

Most voice over Internet Protocol (VoIP) services – including Skype, FaceTime and WhatsApp – which enable free voice and video calls via the internet, are illegal in the UAE. Messaging platforms attached to the platforms are legal and accessible, however, and residents and businesses in the Gulf state have been known to use virtual private networks (VPNs) to access prohibited communications systems. Encryption and the UAE’s “regulatory framework” have previously been cited as some of the reasons behind the ban. The blocks also benefit the domestic telecoms sector, which is monopolized by state-controlled firms, as residents are forced to pay high prices for phone calls instead of making them for free via an internet connection. Other Gulf nations have softened their stance on VoIP providers in recent years. Saudi Arabia lifted its ban on WhatsApp calls in 2017, while Qatar now allows the use of VoIP services through licensed telecoms operators.

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Company: cnbc, Activity: cnbc, Date: 2019-11-06  Authors: chloe taylor
Keywords: news, cnbc, companies, platforms, ban, head, internet, telecoms, whatsapp, voice, lift, cybersecurity, security, voip, calls, authority, uae, countrys


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