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INFN

Infinera

$8.84

0.03 (0.34%)

15:20
10/17/16
10/17
15:20
10/17/16
15:20

Flurry of activity in Infinera puts as players hedge earnings

Flurry of activity in Infinera puts as players hedge earnings. Oct 28th 7 puts are swept across the exchanges for 17 to 20c per contract. More than 4K traded at that strike. Oct 28th 6 puts and 8 puts are being bought to open as well. Total volume is 9.2K puts and 550 calls. 92.5% of the flow is in options that expire on the 28th, which is two days after the company's next profit report. Some investors are likely hedging stock after seeing shares tank 33.6% on 7/28 after the last report. It tumbled 22.9% on 4/28 after the report two quarters ago.

  • 26

    Oct

INFN Infinera
$8.84

0.03 (0.34%)

08/25/16
SBSH
08/25/16
NO CHANGE
Target $23
SBSH
Neutral
Ciena Q3 results should be relatively in-line, says Citi
Citi analyst Stanley Kovler raised his price target on Ciena (CIEN) to $23 from $21, saying that he expects a relatively in-line Q3 report from the company. He also removed the firm's High Risk rating on Ciena due to lower share volatility, but keeps a Neutral rating on the shares, saying that Infinera's (INFN) aggressive pricing in Ciena's metro markets outside of Tier 1, along with existing pricing pressure from other players, is a major risk going forward.
08/25/16
08/25/16
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. Northrop Grumman (NOC) downgraded to Neutral from Overweight at JPMorgan with analyst Seth Seifman saying he recommends taking profits on shares and said cash flow estimates are below consensus due to capex projections. 2. Sprint (S) downgraded to Underperform from Neutral at Buckingham with analyst James Ratcliffe saying shares are more than pricing in continued improvement in subscriber and ARPU performance, along with capex at or below industry norms at current levels. 3. DHT Holdings (DHT) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Fotis Giannakoulis saying he expects crude tanker demand to lag fleet supply in 2017-2018 and sees potential pressure on the dividend. 4. Workday (WDAY) downgraded to Equal-Weight from Overweight at First Analysis with analyst Corey Greendale saying the company's second quarter results beat expectations but lowered its rating due to valuation. 5. Infinera (INFN) downgraded to Sell from Neutral at Citi with analyst Stanley Kovler saying he expects additional margin pressure from Research and Development spending and its "aggressive" pursuit of Metro deals translating into "yet another leg down" in the company's earnings. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/30/16
STFL
09/30/16
INITIATION
STFL
Hold
Infinera coverage resumed with a Hold at Stifel
Analyst PAtrick Newton resumed coverage of Infinera with a Hold rating and $9 price target. He says that the company's fate is tied to its 4th generation photonic integrated circuit (PIC) + FlexCoherent processor, dubbed the Infinite Capacity Engine, which will ramp throughout 2017. Consequently, he believes that the company faces elevated execution risk.
10/11/16
GSCO
10/11/16
DOWNGRADE
Target $36
GSCO
Sell
Lumentum downgraded to Sell from Neutral at Goldman
Goldman Sachs analyst Doug Clark downgraded Lumentum (LITE) to Sell saying product substitution and competition are risks to the company's "premium" valuation. Lumentum is slightly behind competitors in terms of timing of new product ramp, Clark tells investors in a research note. His $36 price target represents 19% downside. The analyst this morning also upgraded Finisar (FNSR) to Buy and kept Neutral ratings on Acacia Communications (ACIA) and Infinera (INFN) in a research note on the Optical Components space.

TODAY'S FREE FLY STORIES

AXON

Axovant Sciences

$24.25

-0.74 (-2.96%)

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NUGT

Direxion Gold Miners Bull

$35.50

1.72 (5.09%)

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JNUG

Direxion Daily Jr Gld Mnrs Bull 3X Shrs

$20.07

1 (5.24%)

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DUST

Direxion Daily Gold Miners Bear 3X ETF

$23.21

-1.2 (-4.92%)

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JDST

Direxion Daily Junior Gold Miners Index Bear 3x Shares

$50.66

-2.87 (-5.36%)

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VXX

iPath S&P 500 VIX Short-Term Futures

$41.28

0.03 (0.07%)

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XIV

VelocityShares Daily Inverse VIX Short-Term ETN

$92.69

-0.14 (-0.15%)

06:55
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TVIX

VelocityShares Daily 2x VIX Short-Term ETN

$12.60

0.06 (0.48%)

06:55
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MYE

Myers Industries

$19.70

-0.3 (-1.50%)

06:55
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Syndicate
Breaking Syndicate news story on Myers Industries »

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SVXY

ProShares Short VIX Short-Term Futures

$89.07

-0.04 (-0.04%)

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TXMD

TherapeuticsMD

$6.06

-0.11 (-1.78%)

06:54
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Syndicate
TherapeuticsMD 12.4M share Spot Secondary priced at $5.65 »

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  • 26

    Sep

  • 03

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  • 26

    Sep

MB

Mindbody

$26.10

-0.8 (-2.97%)

06:54
09/26/17
09/26
06:54
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06:54
Conference/Events
Mindbody to host analyst day »

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  • 27

    Sep

USO

United States Oil Fund

$10.55

0.31 (3.03%)

06:53
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SBRA

Sabra Health Care

$22.33

0.12 (0.54%)

06:53
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Syndicate
Sabra Health Care 16M share Spot Secondary priced at $21.00 »

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  • 26

    Sep

  • 26

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XOP

SPDR Oil Exploration and Production Fund

$33.98

0.94 (2.85%)

06:53
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DGAZ

VelocityShares 3x Inv Natural Gas ETN

$24.81

0.55 (2.27%)

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TAST

Carrols Restaurant

$11.55

-0.1 (-0.86%)

06:52
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Carrols Restaurant rating change  »

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UGAZ

VelocityShares 3x Long Natural Gas ETN

$11.35

-0.27 (-2.32%)

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EWZ

MSCI Brazil Index

$41.79

-0.94 (-2.20%)

06:52
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EFA

iShares MSCI EAFE Index Fund

$68.00

-0.39 (-0.57%)

06:51
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SIEGY

Siemens

$68.96

-0.81 (-1.16%)

, ALSMY

Alstom

$3.91

-0.045 (-1.14%)

06:51
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06:51
Periodicals
Siemens, Alstom near rail merger deal, Bloomberg says »

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SIEGY

Siemens

$68.96

-0.81 (-1.16%)

ALSMY

Alstom

$3.91

-0.045 (-1.14%)

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JNK

SPDR Barclays High Yield Bond

$37.23

0.03 (0.08%)

06:50
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SJB

ProShares Short High Yield

$23.17

-0.0401 (-0.17%)

06:50
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HYG

iShares iBoxx $ High Yield Corporate Bond

$88.48

0.05 (0.06%)

06:49
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LQD

iShares iBoxx $ Investment Grade Corporate Bond

$121.43

0.45 (0.37%)

06:49
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