Barrington analyst James Goss reiterated a Hold rating on Dolby Laboratories (DLB – Research Report) today. The company’s shares opened today at $78.07.
Goss covers the Communication Services sector, focusing on stocks such as TEGNA, Fluent, and Townsquare Media. According to TipRanks, Goss has an average return of -6.9% and a 35.96% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dolby Laboratories with a $93.00 average price target.
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Based on Dolby Laboratories’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $273.11 million and a net profit of $16.4 million. In comparison, last year the company earned a revenue of $289.59 million and had a net profit of $39.6 million
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Dolby Laboratoties, Inc. designs and manufactures audio and imaging products for the cinema, television, broadcast, and entertainment industries. Its products include Cinema Imaging, Cinema Audio, Dolby Conference Phone, Dolby Voice Room, and Other Products. The company was founded by Ray Milton Dolby in 1965 and is headquartered in San Francisco, CA.
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