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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

OCLR

Oclaro

$9.72

-1.25 (-11.39%)

20:45
02/22/17
02/22
20:45
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20:45
Conference/Events
Oclaro management to meet with Jefferies »

Group dinner to be held…

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  • 22

    Feb

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    Feb

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  • 03

    Mar

GMS

GMS Inc.

$29.79

-0.52 (-1.72%)

20:32
02/22/17
02/22
20:32
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20:32
Syndicate
GMS Inc. 6.95M share Secondary priced at $29.25 »

The deal size was…

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  • 23

    Feb

APA

Apache

$54.91

-0.98 (-1.75%)

, HRL

Hormel Foods

$37.30

-0.3 (-0.80%)

20:25
02/22/17
02/22
20:25
02/22/17
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

APA

Apache

$54.91

-0.98 (-1.75%)

HRL

Hormel Foods

$37.30

-0.3 (-0.80%)

KSS

Kohl's

PF

Pinnacle Foods

$54.63

-0.61 (-1.10%)

CHK

Chesapeake

$5.92

-0.16 (-2.63%)

CNK

Cinemark

$43.39

0.51 (1.19%)

AMCX

AMC Networks

$57.50

-0.19 (-0.33%)

W

Wayfair

$41.26

1 (2.48%)

SFM

Sprouts Farmers Markets

$19.00

-0.32 (-1.66%)

TREE

LendingTree

$112.15

-1.45 (-1.28%)

TXMD

TherapeuticsMD

$5.67

0.08 (1.43%)

03/08/13
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  • 23

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    Feb

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    Mar

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    Mar

  • 07

    May

  • 11

    May

FIT

Fitbit

$5.88

-0.16 (-2.65%)

20:14
02/22/17
02/22
20:14
02/22/17
20:14
Hot Stocks
Fitbit CEO says early adopter segment saturated, says exploring new form factors »

Speaking during the…

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  • 22

    Feb

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    Feb

SQ

Square

$15.04

0.41 (2.80%)

19:57
02/22/17
02/22
19:57
02/22/17
19:57
Upgrade
Square rating change  »

Square upgraded to Buy…

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  • 22

    Feb

FIT

Fitbit

$5.88

-0.16 (-2.65%)

19:50
02/22/17
02/22
19:50
02/22/17
19:50
Hot Stocks
Fitbit says paid $23M for Pebble assets »

Fitbit disclosed in its…

03/08/13
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  • 22

    Feb

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    Feb

SBUX

Starbucks

$57.57

0.03 (0.05%)

19:34
02/22/17
02/22
19:34
02/22/17
19:34
Hot Stocks
Market researcher: Starbucks consumer perception dips after refugee hiring news »

Market researcher YouGov…

03/08/13
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03/06/13
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  • 22

    Mar

LB

Labarge

$58.13

0.43 (0.75%)

19:33
02/22/17
02/22
19:33
02/22/17
19:33
Hot Stocks
L Brands sees Q1 comps down high-single to low-double digits »

Sees Q1 Go-Forwards comps…

03/08/13
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  • 23

    Feb

LB

Labarge

$58.13

0.43 (0.75%)

19:32
02/22/17
02/22
19:32
02/22/17
19:32
Hot Stocks
L Brands sees FY17 comps down low-single digits »

Sees FY17 Go-Forward…

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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  • 23

    Feb

F

Ford

$12.67

-0.02 (-0.16%)

19:30
02/22/17
02/22
19:30
02/22/17
19:30
Conference/Events
Ford to host sales conference call »

Ford U.S. Sales Analyst…

03/08/13
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03/08/13
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  • 01

    Mar

GTLS

Chart Industries

$38.51

-1.21 (-3.05%)

19:27
02/22/17
02/22
19:27
02/22/17
19:27
Hot Stocks
Chart Industries CEO Samuel Thomas named executive chairman »

According to a regulatory…

03/08/13
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TSLA

Tesla

$273.51

-3.88 (-1.40%)

19:24
02/22/17
02/22
19:24
02/22/17
19:24
Periodicals
SolarCity leased with risky homeowners, has ties to foreclosure cases, NYT says »

In "dozens of…

03/08/13
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03/08/13
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  • 22

    Feb

PRU

Prudential

$110.50

-0.72 (-0.65%)

, WFC

Wells Fargo

$58.36

0.11 (0.19%)

19:16
02/22/17
02/22
19:16
02/22/17
19:16
Hot Stocks
Prudential says could seek compensation from Wells Fargo over MyTerm products »

Prudential (PRU) stated…

PRU

Prudential

$110.50

-0.72 (-0.65%)

WFC

Wells Fargo

$58.36

0.11 (0.19%)

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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  • 05

    Mar

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    Apr

  • 06

    Jun

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    Oct

  • 15

    Jan

PSA

Public Storage

$226.24

-1.49 (-0.65%)

19:15
02/22/17
02/22
19:15
02/22/17
19:15
Earnings
Public Storage reports Q4 core FFO $2.65, consensus $1.89 »

Reports Q4 revenue…

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  • 23

    Feb

CS

Credit Suisse

$15.35

-0.13 (-0.84%)

19:10
02/22/17
02/22
19:10
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19:10
Periodicals
Credit Suisse probed for potentially aiding tax evasion, WSJ says »

Less than three years…

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  • 06

    Mar

LZB

La-Z-Boy

$28.40

-1.05 (-3.57%)

19:09
02/22/17
02/22
19:09
02/22/17
19:09
Downgrade
La-Z-Boy rating change  »

La-Z-Boy downgraded to…

03/08/13
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  • 22

    Feb

CLD

Cloud Peak

$5.68

-0.19 (-3.24%)

19:06
02/22/17
02/22
19:06
02/22/17
19:06
Syndicate
Cloud Peak 13.5M share Spot Secondary priced at $5.10 »

Credit Suisse, JPMorgan…

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  • 23

    Feb

SNAP

Snap Inc

18:47
02/22/17
02/22
18:47
02/22/17
18:47
Periodicals
Snap Inc nears $200M ad deal, NY Post says »

Snap Inc is close to…

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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  • 02

    Mar

SBLK

Star Bulk Carriers

$9.59

0.29 (3.12%)

18:40
02/22/17
02/22
18:40
02/22/17
18:40
Earnings
Star Bulk Carriers reports Q4 EPS (29c), consensus (28c) »

Reports Q4 revenue…

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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  • 23

    Feb

  • 22

    Mar

C

Citi

$60.62

0.07 (0.12%)

18:35
02/22/17
02/22
18:35
02/22/17
18:35
Periodicals
Citi forms regulatory affairs team in D.C., Bloomberg says »

Citi is forming a global…

03/08/13
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03/06/13
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  • 27

    Feb

  • 27

    Feb

PRAH

PRA Health

$59.98

-0.71 (-1.17%)

18:34
02/22/17
02/22
18:34
02/22/17
18:34
Earnings
PRA Health sees FY17 EPS $3.08-$3.18, consensus $2.96 »

Sees FY17 revenue…

03/08/13
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  • 23

    Feb

FGL

Fidelity & Guaranty Life

$26.30

-0.1 (-0.38%)

, ATH

Athene Holding

$51.45

0.38 (0.74%)

18:32
02/22/17
02/22
18:32
02/22/17
18:32
Periodicals
Fidelity & Guaranty Life revives sale process, Insurance Insider says »

Fidelity & Guaranty…

FGL

Fidelity & Guaranty Life

$26.30

-0.1 (-0.38%)

ATH

Athene Holding

$51.45

0.38 (0.74%)

APO

Apollo Global

$22.25

0.05 (0.23%)

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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  • 22

    Feb

  • 22

    Feb

PRAH

PRA Health

$59.98

-0.71 (-1.17%)

18:31
02/22/17
02/22
18:31
02/22/17
18:31
Earnings
PRA Health sees Q1 EPS 57c-62c, consensus 67c »

Sees Q1 service revenues…

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  • 23

    Feb

NBR

Nabors Industries

$15.44

0.01 (0.06%)

18:30
02/22/17
02/22
18:30
02/22/17
18:30
Earnings
Nabors Industries reports Q4 EPS ($1.17) with items »

Q4 EPS includes 87c in…

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  • 23

    Feb

AXGN

AxoGen

$10.50

-0.1 (-0.94%)

18:28
02/22/17
02/22
18:28
02/22/17
18:28
Earnings
AxoGen reiterates FY17 revenue growth view of at least 40% »

Management reiterates…

03/08/13
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03/08/13
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03/06/13
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  • 22

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