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FIT

Fitbit

09:31
10/07/16
10/07
09:31
10/07/16
09:31

Cleveland Research is cautious on Fitbit heading into Q4 and Q1 2027

Cleveland Research is cautious on Fitbit heading into Q4 and Q1 2027 saying new product uptake is muted and is concerned about inventory levels.

  • 08

    Dec

FIT Fitbit

09/29/16
PACS
09/29/16
DOWNGRADE
PACS
Underweight
Pacific Crest cuts Fitbit to sell, sees share downside to $11
Pacific Crest analyst Brad Erickson downgraded Fitbit (FIT) to Underweight from Sector Weight after his channel checks indicated that Charge 2, the company's flagship holiday product, is off to a slow start. Underweight is Pacific Crest's equivalent of a sell rating. Charge 2 inventory is accumulating in the channel and sell-through is below initial Blaze/Alta levels, Erickson tells investors in a research note. The analyst continues to believe that a large portion of Fitbit owners stop using the device within months. Further, he views the corporate wellness deal between Aetna (AET) and Apple (AAPL) as a "substantial negative" for Fitbit. Erickson sees downside to $11 for shares of Fitbit. The stock closed yesterday up 17c to $16.70.
09/29/16
09/29/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Coca-Cola (KO) downgraded to Hold from Buy at Stifel with analyst Mark Swartzberg saying that Coca-Cola's and Pepsi's organic EPS growth appears to be similar, but he believes that Pepsi is less vulnerable to foreign exchange fluctuations. 2. Fitbit (FIT) downgraded to Underweight from Sector Weight at Pacific Crest analyst Brad Erickson citing his channel checks which indicated that Charge 2, the company's flagship holiday product, is off to a slow start. 3. Discovery (DISCA) downgraded to Market Perform from Outperform at Barrington with analyst James Goss saying that Brexit and sports costs are dragging on its international results and foreign exchange tailwinds are moderating in many geographies. 4. Sonus (SONS) downgraded to Underperform from Market Perform at Cowen with analyst Paul Silverstein saying the firm's industry checks uncovered operational challenges and ongoing employee and executive churn. 5. Alcobra (ADHD) downgraded to Hold from Buy at Cantor and to Perform from Outperform at Oppenheimer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/29/16
MZHO
09/29/16
NO CHANGE
MZHO
Fitbit shares defended at Mizuho
09/29/16
MZHO
09/29/16
NO CHANGE
MZHO
Fitbit Charge 2 checks remain strong, pullback unwarranted, says Mizuho
Mizuho's checks indicate Fitbit's Charge 2 sell through remains strong with favorable reviews, despite investor concerns. The firm's analyst views the pullback in Fitbit shares as unwarranted, especially since Q3 guidance assume minimal unit sales, and expects the Charge 2 to compete well and serve as a catalyst for Holiday season into Spring 2017. Mizuho continues to believe in Fitbit's long-term opportunity to maintain dominant share with in the increasingly growing global market for wearables while pursing opportunities in the healthcare industry.

TODAY'S FREE FLY STORIES

VRSN

VeriSign

$93.77

0.97 (1.05%)

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DD

DuPont

$81.28

0.59 (0.73%)

, DOW

Dow Chemical

$63.25

0.62 (0.99%)

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DD

DuPont

$81.28

0.59 (0.73%)

DOW

Dow Chemical

$63.25

0.62 (0.99%)

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  • 25

    Jul

TPX

Tempur Sealy

$50.87

0.07 (0.14%)

18:33
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ALJ

Alon USA Energy

$13.33

0.15 (1.14%)

, DK

Delek US

$26.43

0.25 (0.95%)

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ALJ

Alon USA Energy

$13.33

0.15 (1.14%)

DK

Delek US

$26.43

0.25 (0.95%)

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  • 28

    Jun

  • 29

    Jun

ANCUF

Alimentation Couche-Tard

$49.30

0.144 (0.29%)

, CST

CST Brands

18:25
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ANCUF

Alimentation Couche-Tard

$49.30

0.144 (0.29%)

CST

CST Brands

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BK

BNY Mellon

$50.60

0.92 (1.85%)

18:04
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  • 20

    Jul

PRGS

Progress Software

$30.82

0.74 (2.46%)

, WOR

Worthington

$47.36

2 (4.41%)

18:03
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Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

PRGS

Progress Software

$30.82

0.74 (2.46%)

WOR

Worthington

$47.36

2 (4.41%)

GEMP

Gemphire Therapeutics

$12.27

0.43 (3.63%)

NXTD

Nxt-ID

$1.66

0.2505 (17.77%)

KLIC

Kulicke & Soffa

$20.02

0.53 (2.72%)

SRPT

Sarepta

$33.86

0.83 (2.51%)

SPLS

Staples

$9.93

0.77 (8.41%)

FITB

Fifth Third

$25.49

0.4 (1.59%)

DFS

Discover

$61.88

0.81 (1.33%)

STI

SunTrust

$56.09

0.88 (1.59%)

C

Citi

$65.18

0.95 (1.48%)

RF

Regions Financial

$14.09

0.09 (0.64%)

BK

BNY Mellon

$50.60

0.92 (1.85%)

JPM

JPMorgan

$89.82

1.77 (2.01%)

CFG

Citizens Financial

$35.34

0.5 (1.44%)

BAC

Bank of America

$23.88

0.61 (2.62%)

MS

Morgan Stanley

$44.32

0.1 (0.23%)

WFC

Wells Fargo

$54.33

1.17 (2.20%)

PNC

PNC Financial

$123.40

2.28 (1.88%)

ZION

Zions Bancorp

$42.97

0.43 (1.01%)

GS

Goldman Sachs

$223.22

2.94 (1.33%)

AXP

American Express

$83.97

0.89 (1.07%)

USB

U.S. Bancorp

$51.98

0.84 (1.64%)

PIR

Pier 1 Imports

$5.38

0.04 (0.75%)

BLCM

Bellicum Pharmaceuticals

$13.32

0.18 (1.37%)

AKBA

Akebia

$15.50

-0.19 (-1.21%)

DOC

Physicians Realty Trust

$21.60

0.08 (0.37%)

CRZO

Carrizo Oil & Gas

$15.61

-0.47 (-2.92%)

COF

Capital One

$82.98

1.6 (1.97%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 28

    Jun

  • 28

    Jun

  • 28

    Jun

  • 28

    Jun

  • 29

    Jun

  • 14

    Jul

  • 14

    Jul

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    Jul

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    Jul

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    Jul

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    Jul

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    Jul

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    Jul

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    Jul

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    Jul

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    Jul

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    Jul

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    Jul

  • 21

    Jul

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    Jul

  • 25

    Jul

  • 26

    Jul

  • 03

    Aug

  • 26

    Sep

  • 12

    Oct

  • 12

    Oct

  • 17

    Oct

  • 18

    Oct

  • 30

    Oct

  • 15

    Jan

  • 17

    Jan

  • 13

    Apr

  • 14

    Jul

  • 12

    Oct

  • 29

    Jun

  • 29

    Jun

  • 29

    Jun

VRX

Valeant

$17.15

0.5 (3.00%)

18:02
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Salix confirms FDA accepts NDA for PLENVU »

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  • 24

    Aug

NTNX

Nutanix

$20.36

1.72 (9.23%)

, GOOG

Alphabet

$940.49

13.16 (1.42%)

18:02
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Hot Stocks
Nutanix announces strategic alliance with Google Cloud »

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NTNX

Nutanix

$20.36

1.72 (9.23%)

GOOG

Alphabet

$940.49

13.16 (1.42%)

GOOGL

Alphabet Class A

$961.01

12.92 (1.36%)

03/08/13
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  • 28

    Jun

  • 28

    Jun

  • 19

    Jul

CE

Celanese

$93.42

0.62 (0.67%)

18:02
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Celanese increases price of Dibutyl Maleate and Dioctyl Maleate in Europe »

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GS

Goldman Sachs

$223.22

2.94 (1.33%)

18:00
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Goldman Sachs: Fed did not object to capital plan »

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  • 18

    Jul

  • 17

    Oct

COLB

Columbia Banking

$39.35

0.49 (1.26%)

17:56
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Columbia Banking names Hadley Robbins CEO »

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NFBK

Northfield Bancorp

$17.36

0.3 (1.76%)

17:55
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Northfield Bancorp CEO John Alexander to retire, Steven Klein to succeed »

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JBLU

JetBlue

$22.96

0.25 (1.10%)

, AAL

American Airlines

$49.25

0.75 (1.55%)

17:43
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Homeland Security announces new aviation security measures »

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JBLU

JetBlue

$22.96

0.25 (1.10%)

AAL

American Airlines

$49.25

0.75 (1.55%)

UAL

United Continental

$76.70

0.7 (0.92%)

DAL

Delta Air Lines

$53.84

1 (1.89%)

LUV

Southwest

$62.01

0.5 (0.81%)

03/08/13
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  • 30

    Jun

  • 07

    Jul

TD

Toronto-Dominion

$50.43

0.86 (1.73%)

17:38
06/28/17
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Toronto-Dominion confirms Fed did not object to 2017 capital plan »

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SC

Santander Consumer

$12.52

0.13 (1.05%)

, SAN

Banco Santander

$6.85

0.19 (2.85%)

17:32
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Santander Consumer confirms portion of Santander USA capital plan »

Santander Consumer (SC)…

SC

Santander Consumer

$12.52

0.13 (1.05%)

SAN

Banco Santander

$6.85

0.19 (2.85%)

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CSGP

CoStar Group

$265.43

2.65 (1.01%)

17:30
06/28/17
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CoStar Group sued by Xceligent for antitrust violations »

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  • 28

    Jun

  • 29

    Jun

BGCP

BGC Partners

$12.16

0.06 (0.50%)

17:29
06/28/17
06/28
17:29
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17:29
Earnings
BGC Partners sees Q2 revenues near high end of previous range, consensus $702M »

Prior view was…

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WOR

Worthington

$47.36

2 (4.41%)

17:27
06/28/17
06/28
17:27
06/28/17
17:27
Earnings
Worthington reports Q4 EPS 87c, consensus 83c »

Reports Q4 revenue…

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  • 29

    Jun

  • 30

    Oct

HBAN

Huntington Bancshares

$13.14

0.23 (1.78%)

17:25
06/28/17
06/28
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Hot Stocks
Huntington Bancshares plans to raise dividend 38%, repurchase $308M of stock »

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  • 21

    Jul

SPLS

Staples

$9.94

0.78 (8.52%)

17:20
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Hot Stocks
Staples to be acquired by Sycamore Partners for roughly $6.9B »

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SPLS

Staples

$9.93

0.77 (8.41%)

17:19
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06/28
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17:19
Hot Stocks
Breaking Hot Stocks news story on Staples »

Staples to be acquired by…

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SPLS

Staples

$9.93

0.77 (8.41%)

17:19
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Breaking Hot Stocks news story on Staples »

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OSG

Overseas Shipholding

$2.84

0.29 (11.37%)

17:18
06/28/17
06/28
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17:18
Hot Stocks
Overseas Shipholding CFO Christopher Wolf resigns »

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LMT

Lockheed Martin

$280.02

2.19 (0.79%)

17:18
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17:18
Hot Stocks
Lockheed Martin awarded $257.8M government contract modification »

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