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VZ

Verizon

$50.26

-0.01 (-0.02%)

, YHOO

Yahoo

$43.68

-0.03 (-0.07%)

18:17
10/06/16
10/06
18:17
10/06/16
18:17

Verizon seeking $1B discount on Yahoo deal after cyber breaches, NY Post says

Verizon (VZ) is seeking a $1B discount on its proposed $4.8B acquisition of Yahoo (YHOO) after recent news of a significant cybersecurity breach as well as government-direct email scanning, reports the New York Post, citing sources. "In the last day, we've heard that Tim [Armstrong, chief of Verizon's AOL] is getting cold feet. He's pretty upset about the lack of disclosure and he's saying, 'Can we get out of this or can we reduce the price?'," one of the sources told the publication. Armstrong flew out to meet with Yahoo executives in recent days to "hammer out the case" for a price cut, one of the sources said, adding that Yahoo and CEO Marissa Mayer are "trying to protect shareholders" by pushing back against any discounts. The discussions are ongoing, the report notes. The $1B discount sought by Armstrong would come on top of a potential $1B legal reserve that Verizon could set aside to cover any liabilities associated with the recent Yahoo revelations, one of the sources told the publication. Reference Link

VZ

Verizon

$50.26

-0.01 (-0.02%)

YHOO

Yahoo

$43.68

-0.03 (-0.07%)

  • 20

    Oct

  • 07

    Nov

VZ Verizon
$50.26

-0.01 (-0.02%)

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.
YHOO Yahoo
$43.68

-0.03 (-0.07%)

09/16/16
OPCO
09/16/16
NO CHANGE
Target $55
OPCO
Outperform
Yahoo price target raised to $55 from $48 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for Yahoo (YHOO) to $55 from $48, citing the positive move in Alibaba's (BABA) share price and the $4.1B taxable basis of Yahoo's core, disclosed in a proxy statement. The analyst reiterates an Outperform rating on Yahoo's shares.
09/28/16
SBSH
09/28/16
NO CHANGE
SBSH
Buy
Citi hopes Disney does not acquire Twitter
Citi analyst Jason Bazinet lays out four reasons for why he doesn't like Disney (DIS) pursuing an acquisition of Twitter (TWTR). Going back 15 years, the analyst can't think of a single web-based property that was successfully acquired by a traditional media firm. Two, he calls Twitter trends "troubling." Three, Bazinet estimates a cash offer would lower Disney's stock by $5 per share while an equity offer would drop its stock by $9. Four, the analyst feels it is unclear how Disney's content will help Twitter. Bazinet thinks both Yahoo (YHOO) and Twitter lost "significant money" when they streamed NFL content over the web. The analyst hopes Twitter is acquired by somebody other than Disney. He keeps a Buy rating on Disney shares. Both Loop Capital and Mizuho this morning downgraded Twitter to sell ratings.

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ACHC

Acadia

$42.19

-1.39 (-3.19%)

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UPS

UPS

$107.62

0.26 (0.24%)

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Breaking Hot Stocks news story on UPS »

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MGM

MGM Resorts

$29.79

0.44 (1.50%)

08:48
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Hot Stocks
MGM Resorts sees Q2 domestic gaming revenues lower, non-gaming to be up »

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MGP

MGM Growth

$28.20

0.22 (0.79%)

08:48
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Earnings
Correction: MGM Growth reports Q1 EPS 20c, consensus 22c »

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NOW

ServiceNow

$90.92

0.68 (0.75%)

08:47
04/27/17
04/27
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  • 12

    Jun

MGM

MGM Resorts

$29.79

0.44 (1.50%)

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Hot Stocks
MGM Resorts CFO says focused on maximizing cash flows, improving structure »

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  • 27

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DRYS

DryShips

$1.23

-0.1 (-7.52%)

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Hot Stocks
DryShips announces full repayment of last legacy commercial lender »

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  • 02

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CWT

California Water Service

$38.30

0.65 (1.73%)

08:46
04/27/17
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Earnings
California Water Service reports Q1 EPS 2c, consensus 9c »

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  • 27

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OAK

Oaktree Capital

08:46
04/27/17
04/27
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Earnings
Oaktree Capital reports Q1 adj. EPS 86c, consensus 77c »

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  • 27

    Apr

UAA

Under Armour

$19.71

0.18 (0.92%)

, CTL

CenturyLink

$25.87

-0.06 (-0.23%)

08:46
04/27/17
04/27
08:46
04/27/17
08:46
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

UAA

Under Armour

$19.71

0.18 (0.92%)

CTL

CenturyLink

$25.87

-0.06 (-0.23%)

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  • 03

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CNMD

CONMED

$48.13

0.93 (1.97%)

08:45
04/27/17
04/27
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08:45
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CONMED analyst commentary  »

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  • 03

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ALKS

Alkermes

$57.13

0.13 (0.23%)

08:45
04/27/17
04/27
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Hot Stocks
Alkermes says NDA for ALKS 5461 on track for this year »

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  • 27

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MGM

MGM Resorts

$29.79

0.44 (1.50%)

08:45
04/27/17
04/27
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Hot Stocks
MGM Resorts reports MGM China revenues up 7% to $502M »

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  • 27

    Apr

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General news
FX Action: The dollar »

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AAL

American Airlines

$46.40

-0.21 (-0.45%)

08:44
04/27/17
04/27
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08:44
Technical Analysis
American Airlines trades down after earnings, downgrade »

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  • 27

    Apr

WSM

Williams-Sonoma

$54.66

0.03 (0.05%)

08:43
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Hot Stocks
Williams-Sonoma launches food collaboration with Trisha Yearwood »

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  • 20

    Jun

FFIV

F5 Networks

$137.30

-0.89 (-0.64%)

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MPWR

Monolithic Power

$93.71

-2.5 (-2.60%)

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CLRB

Cellectar Biosciences

$1.87

-0.1399 (-6.96%)

08:42
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Hot Stocks
Cellectar says radiotherapeutic PDCS demonstrates increased survival benefit »

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MGM

MGM Resorts

$29.79

0.44 (1.50%)

08:42
04/27/17
04/27
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Earnings
MGM Resorts reports Q1 EPS 36c, consensus 29c »

Reports Q1 revenue less…

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  • 27

    Apr

DLX

Deluxe

$71.85

0.26 (0.36%)

08:42
04/27/17
04/27
08:42
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08:42
Earnings
Deluxe narrows FY17 EPS view to $5.15-$5.30 from $5.10-$5.30, consensus $5.21 »

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  • 27

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  • 02

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ALKS

Alkermes

$57.13

0.13 (0.23%)

08:42
04/27/17
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Hot Stocks
Alkermes sees FDA meeting on ALKS 5461 in late June, early July »

Alkermes said on…

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UPS

UPS

$107.62

0.26 (0.24%)

08:42
04/27/17
04/27
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Hot Stocks
UPS says plans to announce additional strategic moves in coming weeks »

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RMTI

Rockwell Medical

$8.64

0.28 (3.35%)

08:41
04/27/17
04/27
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Hot Stocks
Rockwell Medical to present on Triferic at Congress of IBIS »

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