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VZ

Verizon

$50.03

-0.2363 (-0.47%)

, GOGO

Gogo

$11.27

0.18 (1.62%)

10:13
10/06/16
10/06
10:13
10/06/16
10:13

Verizon sets path forward for Airborne LTE Operations

Verizon (VZ) announced its strategy to drive innovation and wide-spread adoption for in-flight wireless connectivity through its Airborne LTE Operations initiative. Verizon's plan includes the successful completion of technical trials in various locations across the country using a combination of unmanned and manned aircraft on Verizon's 4G LTE network; An early adopter simulation exercise in Cape May, New Jersey using unmanned aircraft systems to demonstrate how Verizon's 4G LTE network can help first responders and emergency management personnel; The launch of a new suite of services as early as 2017 on Verizon's ThingSpace IoT platform to help developers and businesses create and manage a wide-range of ALO-enabled applications; A new device certification process, now available, that sets forth requirements to enable access to wireless connectivity for unmanned aerial vehicles and unmanned aerial systems on Verizon's 4G LTE network; and collaboration with innovative partners such as American Aerospace and Sierra Wireless to pave the way for aerial long-range applications beyond line of sight. In 2016, Verizon evolved its Airborne LTE Operations even further by engaging American Aerospace Technologies to test connectivity between aerial platforms and Verizon's 4G LTE network. As a result of the successful trial, Verizon deemed its 4G LTE 700 MHz network safe for in-flight wireless connectivity, which led to the creation of device and service requirements as part of Verizon's ALO initiative. Together with AATI, Verizon is also exploring next steps in in-flight cellular services for UAVs nationally on its 4G LTE network. Once federal regulations allow UAV operation beyond visual line of sight, new tests will focus on BVLOS command-and-control cellular network communications for long-distance UAVs. Early weakness in shares of Gogo (GOGO) has been attributed to Verizon's announcement, according to trading contacts.

VZ

Verizon

$50.03

-0.2363 (-0.47%)

GOGO

Gogo

$11.27

0.18 (1.62%)

  • 20

    Oct

  • 07

    Nov

VZ Verizon
$50.03

-0.2363 (-0.47%)

09/06/16
RHCO
09/06/16
NO CHANGE
Target $18
RHCO
Neutral
SunTrust sees 'limited' list of Twitter suitors, says activist action unlikely
SunTrust analyst Robert Peck reiterated his belief that Twitter (TWTR) is unlikely to sell itself in 2016 in a new note to investors, but noted that investors have asked him who would be interested if Twitter were open to a sale. While giving his opinion on potential acquirers - which he sees possibly including Google (GOOG), Facebook (FB), Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), AT&T (T), Verizon (VZ), Disney (DIS), Fox (FOXA), and Alibaba (BABA) - Peck said the company's high price and "unique" asset limit the potential buyers and gave his view that a PE buyer is highly unlikely given the company's lack of free cash flow. Additionally, Peck thinks activist action at Twitter seems "extremely unlikely" despite "unsubstantiated investor conjecture" and media reports. The analyst keeps Neutral rating and $18 price target on Twitter shares.
09/19/16
WELS
09/19/16
NO CHANGE
WELS
Concerns about Frontier Communications leverage overdone, says Wells Fargo
Wells Fargo says that some investors have expressed concern about Frontier's leverage ratio. Specifically, the firm says there are some worries that if Frontier has difficulty integrating the Verizon (VZ) assets it purchased, it may trigger bank covenants. However, Wells says that Frontier's synergy realization and subscription outlook have improved since Q2. Wells adds that the company's dividend is "very secure neat-term," and it keeps an Outperform rating on the shares.
09/23/16
RHCO
09/23/16
NO CHANGE
RHCO
Yahoo hack is probably not a material adverse change, says SunTrust
After Yahoo (YHOO) reported that over 500M of its accounts had been hacked, SunTrust analyst Robert Peck thinks that the news is probably not a material adverse change, or MAC, that would jeopardize the company's acquisition by Verizon (VZ). He notes that the sales contract says that a MAC will not be triggered by "any failure by Yahoo to meet its internal or published projections, budgets, plans, or forecasts of its revenues, earnings, or other financial performance or results of operations." The analyst says that the hack "may be manageable," since a majority of the victims could be e-mail users who are sticky. He keeps a Neutral rating on Yahoo.
09/23/16
BOFA
09/23/16
NO CHANGE
Target $55
BOFA
Buy
BofA thinks Verizon deal stays on track despite Yahoo data breach
Bank of America Merrill Lynch analyst Justin Post said that Yahoo's (YHOO) disclosure of the massive data breach impacting over 500M of its users is clearly a negative for the company that could result in email account closures, but he does not anticipate a major impact on Yahoo's business related to this breach, citing as evidence the fact that he is not aware of any significant business impairment or financial liability related to security breaches at LinkedIn (LNKD) in 2012 and at eBay (EBAY) in 2014. Post adds that the Target (TGT) data breach, which did include credit card info, is not directly comparable to Yahoo's breach. For Verizon (VZ) to back out of its acquisition agreement, Post thinks the company would need to assume Yahoo acted in bad faith during negotiations and that the Yahoo asset is impaired or comes with significant liability, neither of which he sees as being the case. The analyst keeps a Buy rating on Yahoo and bumped his target on the shares to $55 from $53, citing an increased price target on Alibaba (BABA) that a peer at the firm recently set.
GOGO Gogo
$11.27

0.18 (1.62%)

07/06/16
WBLR
07/06/16
NO CHANGE
WBLR
Bull/bear analysis keeps William Blair bullish on Gogo
William Blair analyst Jim Breen published a bull/bear report on Gogo, calling the stock one of the more controversial names that his firm covers. Bulls point to Gogo's leading incumbent position with many of the top airlines, improved technology and low industry penetration, while bears point to the company's low margins, close to $800M in debt and convertible bonds, and $100M-plus cash burn over the next couple of years, Breen tells investors in a research note. The analysis keeps the analyst bullish on shares of Gogo. Cost management and the margin structure will "improve greatly" as international revenue begins to grow and domestic installation of 2KU improves revenue per plane, Breen argues. He keeps an Outperform rating on the shares. The provider of in-flight Internet connectivity closed yesterday at $8.40.
07/18/16
UBSW
07/18/16
NO CHANGE
Target $13
UBSW
Buy
Gogo price target lowered to $13 from $20 at UBS
UBS lowered its price target on Gogo (GOGO) to $13 from $20 to reflect the new American Airlines (AAL) contract, which cuts the existing number of covered planes in half with the new deal. UBS maintained its Buy rating on Gogo shares despite the limited near-term catalysts, as they believe investors will gain confidence in the story as the company's backlog is installed and it begins to generate revenue and cash flow.
08/18/16
STPT
08/18/16
DOWNGRADE
STPT
Hold
Gogo downgraded to Hold from Buy at Standpoint Research
08/31/16
STPT
08/31/16
UPGRADE
STPT
Buy
Gogo upgraded to Buy from Hold at Standpoint Research

TODAY'S FREE FLY STORIES

KBR

KBR

$14.05

-1.43 (-9.24%)

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SMMT

Summit Therapeutics

$11.00

-0.4 (-3.51%)

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Summit Therapeutics publishes results from CoDIFy trial online »

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TKPYY

Takeda Pharmaceutical Co. Ltd.

$24.83

0.85 (3.54%)

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FNBC

First NBC Bank

$2.65

-0.2 (-7.02%)

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FDIC named receiver of First NBC Bank »

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SGBK

Stonegate Bank

$45.90

-0.52 (-1.12%)

17:47
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Earnings
Stonegate Bank reports Q1 non-GAAP EPS 56c, consensus 57c »

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PROV

Provident Financial

$19.23

-0.03 (-0.16%)

17:45
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Provident Financial announces extension of stock repurchase plan »

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YGE

Yingli Green Energy

$2.66

-0.03 (-1.12%)

17:40
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Hot Stocks
Yingli Green Energy files extension for 2016 Form 20-F filing »

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EPC

Edgewell Personal Care

$71.49

-0.14 (-0.20%)

17:40
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17:40
Hot Stocks
Breaking Hot Stocks news story on Edgewell Personal Care »

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ORC

Orchid Island Capital

$10.60

-0.33 (-3.02%)

17:35
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Syndicate
Breaking Syndicate news story on Orchid Island Capital »

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AEP

American Electric

$67.83

-0.27 (-0.40%)

17:35
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AEP Generation Resources seeks bids for supply of coal »

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ORC

Orchid Island Capital

$10.60

-0.33 (-3.02%)

17:34
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Breaking Syndicate news story on Orchid Island Capital »

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  • 28

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HBHC

Hancock Holding

$46.70

-0.5 (-1.06%)

, FNBC

First NBC Bank

$2.65

-0.2 (-7.02%)

17:34
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17:34
Hot Stocks
Whitney to acquire branches, assets, liabilities of First NBC from FDIC »

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HBHC

Hancock Holding

$46.70

-0.5 (-1.06%)

FNBC

First NBC Bank

$2.65

-0.2 (-7.02%)

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  • 06

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TSLA

Tesla

$314.07

5.44 (1.76%)

17:31
04/28/17
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Periodicals
Tesla aims to hire engineers from Mexico to work at CA plant, Reuters says »

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LMT

Lockheed Martin

$269.45

-1.69 (-0.62%)

17:22
04/28/17
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Lockheed Martin awarded $332.1M government contract »

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  • 31

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BA

Boeing

$184.83

1.61 (0.88%)

17:21
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Boeing awarded $541M government contract modification »

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  • 31

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WBA

Walgreens Boots Alliance

$86.54

0.65 (0.76%)

, RAD

Rite Aid

$4.00

0.05 (1.27%)

17:20
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Periodicals
Walgreens to push regulators over decision on Rite Aid deal, NY Post says »

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WBA

Walgreens Boots Alliance

$86.54

0.65 (0.76%)

RAD

Rite Aid

$4.00

0.05 (1.27%)

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GE

General Electric

$28.99

-0.09 (-0.31%)

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General Electric awarded $670.7M government contract »

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SIX

Six Flags

$62.61

-0.26 (-0.41%)

17:19
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Six Flags in agreement to repurchase 5M shares from HP Partners »

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LMT

Lockheed Martin

$269.45

-1.69 (-0.62%)

17:18
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Lockheed Martin awarded $1.38B government contract »

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  • 31

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SBBP

Strongbridge Biopharma

$4.50

0.05 (1.12%)

17:16
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Breaking Syndicate news story on Strongbridge Biopharma »

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  • 11

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CYH

Community Health

$8.61

0.18 (2.14%)

17:12
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Hot Stocks
Community Health completes divestiture of Anniston, Alabama hospital »

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MRUS

Merus

$22.20

-0.14 (-0.63%)

17:07
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Earnings
Merus reports Q4 EPS (EUR1.91) vs. (EUR0.77) last year »

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AEZS

Aeterna Zentaris

$3.35

0.3 (9.84%)

17:01
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  • 09

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ANY

Sphere 3D

$0.19

-0.006 (-3.13%)

17:00
04/28/17
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17:00
Syndicate
Breaking Syndicate news story on Sphere 3D »

Sphere 3D files to sell…

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  • 11

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MRUS

Merus

$22.20

-0.14 (-0.63%)

16:56
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Merus provides anticipated 2017 pipeline milestones »

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