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Fly News Breaks for March 30, 2016
CSCO, NFLX, ANET, AVGO
Mar 30, 2016 | 07:43 EDT
JPMorgan analyst Harlan Sur believes the 7500R series routers announced yesterday by Arista Networks (ANET) are based on Broadcom Limited's (AVGO) StrataDNX "Jericho" routing chipset. The product release and end customer adoption by Netflix (NFLX), as mentioned in the press release, further reinforce the thesis that Broadcom will experience a growth year in data center switching/routing in 2016 and beyond, Sur tells investors in a research note. The analyst also believes that Cisco (CSCO) will use Broadcom's Jericho chipset in parts of its routing portfolio. Sur reiterates an Overweight rating on Broadcom.
News For AVGO;ANET;NFLX;CSCO From the Last 2 Days
NFLX
Mar 27, 2024 | 08:06 EDT
Wedbush analyst Michael Pachter raised the firm's price target on Netflix to $725 from $615 and keeps an Outperform rating on the shares. The firm also removed Netflix from Wedbush's Best Ideas List after a year of significant growth. The firm's quarterly survey indicates a seasonal deceleration in subscribers and an expansion of subscribers on Netflix's ad tier. As long as global trends remain consistent and the ad market continues to improve this year, Wedbush expects Netflix to continue to report strong results. With that said, some of the major catalysts that drove its Best Ideas List placement have been priced in. The firm thinks the ad tier will continue to limit churn, and it has a significant opportunity to expand its advertising revenue in 2024 and beyond. Furthermore, Wedbush believes Netflix has reached the right formula with global content creation, balancing costs, and increasing profitability.