Sony Corporation SNE is set to unveil its new lineup of products for the year at CES 2017, starting Jan 5 in Las Vegas, NV.
Since the past 50 years, CES (Consumer Electronics Show) has been a prime platform for companies to showcase their line of innovation products. Held in Las Vegas every year, it is the world’s next-generation marketplace for all technology lovers.
This year, the company will showcase its latest offerings and initiatives, which primarily include its HDR (High Dynamic Range) technology. Sony will be unveiling its latest range of 4K HDR TVs and audio equipment, three-dimensional acoustics, cameras, projectors, and gaming consoles.
New Product Launches
In its Home Entertainment & Sound segment, Sony will be providing its customers a glimpse of its new A1E series of BRAVIA OLED and BRAVIA X93E series of 4K HDR TV. The BRAVIA OLED consists of the best of Sony's unique picture quality technology, along with its unique Acoustic Surface technology. The BRAVIA X93E series is equipped with Sony's unique and advanced Slim Backlight Drive+ (plus) technology, which provides improved brightness and contrast.
In audio equipment, the company announced a range of its new flagship sound bar, the HT-ST5000, equipped with cutting-edge technology to enable customers enjoy the impact of 4K HDR.
In this segment, the company announced its new VPL-VZ1000ES Ultra-Short Throw laser light projector, which is a space-saving design that can comfortably fit into a living room.
The company has showcased its PlayStationVR, to boost gaming experience for its customers with its Play Station series.
Sunny Days Ahead?
Sony recorded an average negative return of -12.65%, underperforming the Zacks categorized Audio Video Production industry’s average of -10.40% decline, over the past three months. Further, the company’s earnings estimates have moved south over the past couple of months as analysts have become increasingly bearish on the stock.
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The company expects its new product lineup to improve its top line in the near future. PlayStation and Home Entertainment & Sound segment are key revenue generators for the company.
Diligent efforts to improve its internal administration and an uptick in sales in Mobile Communications, Home Entertainment & Sound and Imaging Products & Solutions segments signal brighter days ahead for Sony.
Currently, this Japanese conglomerate carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks in the broader sector include Bridgepoint Education, Inc. BPI, Perry Ellis International, Inc. PERY and Universal Technical Institute, Inc. UTI, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Universal Technical provides technical education training in automotive, diesel, collision repair and refinishing, motorcycle, marine and personal watercraft technologies. The company has a long-term growth expectation of 5%.
Perry Ellis International operates as a mountain resort and adventure company which delivers vacation and travel experiences to its customers. The company has registered two solid earnings beats for the trailing four quarters.
Bridgepoint Education provides post secondary education services. The company has strongly surpassed estimates thrice in the trailing four quarters, with an average beat of 60.61%.
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