Breaking News Instant updates and real-time market news.

NOK

Nokia

$4.74

-0.025 (-0.53%)

, AAPL

Apple

$117.06

0.11 (0.09%)

11:39
12/22/16
12/22
11:39
12/22/16
11:39

Nokia expands patent litigation against Apple in Asia, EU, U.S.

Nokia (NOK) has filed further complaints alleging that Apple (AAPL) products infringe a number of Nokia patents, expanding its litigation originally announced on December 21. Across actions in 11 countries, there are now 40 patents in suit, which cover technologies such as display, user interface, software, antenna, chipsets and video coding. Since agreeing a license covering some patents from the Nokia Technologies portfolio in 2011, Apple has declined subsequent offers made by Nokia to license other of its patented inventions which are used by many of Apple's products.

NOK

Nokia

$4.74

-0.025 (-0.53%)

AAPL

Apple

$117.06

0.11 (0.09%)

  • 23

    May

NOK Nokia
$4.74

-0.025 (-0.53%)

10/28/16
LYON
10/28/16
DOWNGRADE
LYON
Underperform
Nokia downgraded to Underperform from Outperform at CLSA
CLSA analyst Avi Silver downgraded Nokia to Underperform and lowered its price target to $5 from $6.75 and questions its ability to drive significant margin expansion in 2017/2018.
11/15/16
BOFA
11/15/16
DOWNGRADE
BOFA
Neutral
Nokia downgraded to Neutral from Buy at BofA/Merrill
11/15/16
BMOC
11/15/16
DOWNGRADE
BMOC
Market Perform
Nokia downgraded to Market Perform from Outperform at BMO Capital
11/16/16
BMOC
11/16/16
DOWNGRADE
BMOC
Market Perform
Nokia downgraded on end market weakness at BMO Capital
As noted earlier, BMO Capital downgraded Nokia to Market Perform from Outperform. Analyst Tim Long says that the decline in the company's end market has been sharper than expected. He expects the spending of the company's core customers to "remain nearly flat through 2021. Target $4.
AAPL Apple
$117.06

0.11 (0.09%)

12/16/16
PIPR
12/16/16
INITIATION
Target $155
PIPR
Overweight
Apple assumed with an Overweight at Piper Jaffray
Piper Jaffray analyst Michael Olson assumes coverage of Apple from the departing Gene Munster and keeps an Overweight rating on the shares with a $155 price target. Olson expects "growing anticipation" around the upcoming iPhone 8 and sees a favorable long-term trajectory for Apple's services growth. He believes Apple shares offer a favorable risk/reward. The shares closed yesterday up 63c to $115.82.
12/16/16
UBSW
12/16/16
NO CHANGE
Target $28
UBSW
Buy
Jabil comments point to iPhone weakness now, strength later, says UBS
UBS analyst Steven Milunovich noted that Jabil Circuit (JBL) does not comment directly on its business with Apple (AAPL), though he points out that the iPhone maker accounts for about 24% of Jabil's revenue. Jabil said handsets were soft in the quarter and appear to be down again in the February period, suggesting worries about Apple's units in the March quarter may be justified, Milunovich tells investors. However, Jabil expects an "unusually strong" August-end quarter, making it sound like units should be strong for the initial iPhone 8 build and possibly into FY18, added the analyst, who keeps a Buy rating on Jabil and tweaked his price target up to $28 from $27 on its shares.
12/16/16
BMOC
12/16/16
NO CHANGE
BMOC
Apple outlook mixed, says BMO Capital
After conducting channel checks in Asia, BMO Capital analyst Tim Long raised his December quarter iPhone 7 estimates above consensus levels. However, he lowered his estimates for the company's March and June quarters, citing cautious statements by Apple's supply chain partners.
12/16/16
12/16/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Apple (AAPL) assumed with an Overweight at Piper Jaffray with analyst Michael Olson assumes coverage of Apple from the departing analyst Gene Munster and keeps an Overweight rating on the shares with a $155 price target. 2. Alphabet (GOOG, GOOGL) initiated with a Neutral at Cleveland Research. 3. Clorox (CLX) initiated with an Outperform at BMO Capital. 4. Biogen (BIIB) initiated with a Neutral at Cantor. 5. Ulta Beauty (ULTA) initiated at BMO Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

WWR

Westwater Resources

$1.32

-0.14 (-9.59%)

18:16
08/22/17
08/22
18:16
08/22/17
18:16
Hot Stocks
Westwater Resources acquires water rights for Columbus Basin Project in Nevada »

Westwater Resources is…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ZTO

ZTO Express

$14.01

0.11 (0.79%)

18:03
08/22/17
08/22
18:03
08/22/17
18:03
Earnings
Breaking Earnings news story on ZTO Express »

ZTO Express sees Q3…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Aug

ZTO

ZTO Express

$14.01

0.11 (0.79%)

18:02
08/22/17
08/22
18:02
08/22/17
18:02
Earnings
ZTO Express reports Q2 earnings per ADS 15c, consensus 14c »

Reports Q2 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Aug

URI

United Rentals

$112.44

4.04 (3.73%)

, CMI

Cummins

$153.10

1.04 (0.68%)

17:48
08/22/17
08/22
17:48
08/22/17
17:48
Hot Stocks
United Rentals acquires power equipment assets from Cummins »

United Rentals (URI) has…

URI

United Rentals

$112.44

4.04 (3.73%)

CMI

Cummins

$153.10

1.04 (0.68%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Aug

MXIM

Maxim Integrated

$44.39

0.68 (1.56%)

, LZB

La-Z-Boy

$31.25

0.1 (0.32%)

17:40
08/22/17
08/22
17:40
08/22/17
17:40
Hot Stocks
On The Fly: After Hours Movers »

HIGHER: Maxim Integrated…

MXIM

Maxim Integrated

$44.39

0.68 (1.56%)

LZB

La-Z-Boy

$31.25

0.1 (0.32%)

CREE

Cree

$23.03

0.46 (2.04%)

VNET

21Vianet

$4.58

0.03 (0.66%)

CRM

Salesforce

$92.95

1.19 (1.30%)

RTNB

root9B Technologies

$2.98

1.72 (136.51%)

RARE

Ultragenyx

$58.85

1.94 (3.41%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Aug

  • 22

    Aug

  • 22

    Aug

  • 23

    Aug

  • 29

    Aug

  • 05

    Sep

  • 06

    Sep

  • 06

    Sep

  • 12

    Sep

  • 16

    Nov

CRM

Salesforce

$92.95

1.19 (1.30%)

17:40
08/22/17
08/22
17:40
08/22/17
17:40
Hot Stocks
Salesforce says sees FY18 margin up 125-150 bps »

Sees "slight…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Aug

  • 05

    Sep

MXIM

Maxim Integrated

$44.39

0.68 (1.56%)

17:34
08/22/17
08/22
17:34
08/22/17
17:34
Hot Stocks
Maxim Integrated names Sumeet Gagneja principal accounting officer »

According to a regulatory…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Sep

  • 06

    Sep

  • 12

    Sep

CTIC

CTI BioPharma

$3.30

0.01 (0.30%)

17:33
08/22/17
08/22
17:33
08/22/17
17:33
Hot Stocks
CTI BioPharma: Chief Business Officer Matthew Plunkett resigns »

Effective August 22,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

UNM

Unum Group

$47.84

0.51 (1.08%)

17:32
08/22/17
08/22
17:32
08/22/17
17:32
Syndicate
Breaking Syndicate news story on Unum Group »

Unum Group files…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Sep

FTK

Flotek

$5.50

-0.1 (-1.79%)

17:29
08/22/17
08/22
17:29
08/22/17
17:29
Hot Stocks
Flotek announces conclusion of SEC inquiry »

Flotek Industries…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Nov

  • 16

    May

CRM

Salesforce

$92.95

1.19 (1.30%)

17:24
08/22/17
08/22
17:24
08/22/17
17:24
Hot Stocks
Salesforce says 'had best quarter ever' »

Says can reach $20B in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Aug

  • 05

    Sep

THO

Thor Industries

$103.90

0.45 (0.43%)

17:17
08/22/17
08/22
17:17
08/22/17
17:17
Hot Stocks
Jayco announces expansion of Middlebury campus, will add 300 jobs »

Jayco, a subsidiary of…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GOOG

Alphabet

$924.69

18.03 (1.99%)

, GOOGL

Alphabet Class A

$940.40

19.53 (2.12%)

17:14
08/22/17
08/22
17:14
08/22/17
17:14
Hot Stocks
Google introduces Chrome Enterprise »

Google introduced Chrome…

GOOG

Alphabet

$924.69

18.03 (1.99%)

GOOGL

Alphabet Class A

$940.40

19.53 (2.12%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Aug

VNET

21Vianet

$4.58

0.03 (0.66%)

17:11
08/22/17
08/22
17:11
08/22/17
17:11
Earnings
21Vianet reports Q2 EPS (12c), one estimate (11c) »

Reports Q2 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Aug

RTNB

root9B Technologies

$2.98

1.72 (136.51%)

17:05
08/22/17
08/22
17:05
08/22/17
17:05
Hot Stocks
root9B Technologies announces incremental funding, status of foreclosure »

root9B Holdings announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GPT

Gramercy Property Trust

$29.13

-0.03 (-0.10%)

17:03
08/22/17
08/22
17:03
08/22/17
17:03
Hot Stocks
Gramercy Property Trust launches new JV over Class A distribution centers »

Gramercy Property Trust…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GPT

Gramercy Property Trust

$29.13

-0.03 (-0.10%)

17:01
08/22/17
08/22
17:01
08/22/17
17:01
Hot Stocks
Gramercy Property Trust to acquire $479M core logistics portfolio »

Gramercy Property Trust…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

WIFI

Boingo Wireless

$19.57

0.32 (1.66%)

16:55
08/22/17
08/22
16:55
08/22/17
16:55
Hot Stocks
Boingo Wireless director Michael Finley sells 7,500 shares »

Boingo Wireless director…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 13

    Sep

RTNB

root9B Technologies

$2.98

1.72 (136.51%)

16:55
08/22/17
08/22
16:55
08/22/17
16:55
Hot Stocks
Breaking Hot Stocks news story on root9B Technologies »

root9B Technologies…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PTHN

Patheon

$34.96

-0.04 (-0.11%)

, TMO

Thermo Fisher

$176.79

2.78 (1.60%)

16:47
08/22/17
08/22
16:47
08/22/17
16:47
Hot Stocks
Patheon to voluntarily delist from NYSE »

Patheon (PTHN) announced…

PTHN

Patheon

$34.96

-0.04 (-0.11%)

TMO

Thermo Fisher

$176.79

2.78 (1.60%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Sep

SNCR

Synchronoss

$16.71

-0.08 (-0.48%)

16:46
08/22/17
08/22
16:46
08/22/17
16:46
Hot Stocks
Synchronoss receives Nasdaq letter »

Synchronoss Technologies…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CRM

Salesforce

$92.95

1.19 (1.30%)

16:38
08/22/17
08/22
16:38
08/22/17
16:38
Earnings
Salesforce raises FY18 adjusted EPS view to $1.29-$1.31 from $1.28-$1.30 

FY18 consensus $1.30.

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Aug

  • 05

    Sep

16:36
08/22/17
08/22
16:36
08/22/17
16:36
General news
API crude inventories for week of August 18 »

API reports that crude…

VNRX

VolitionRx

$2.46

0.01 (0.41%)

16:36
08/22/17
08/22
16:36
08/22/17
16:36
Hot Stocks
VolitionRx signs agreement with Technical University of Munich, Germany »

VolitionRx announced a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Sep

  • 26

    Sep

ABG

Asbury Automotive

$51.25

0.4 (0.79%)

, GPI

Group 1 Automotive

$54.86

-0.08 (-0.15%)

16:34
08/22/17
08/22
16:34
08/22/17
16:34
Hot Stocks
Asbury Automotive announces CEO succession plan »

The Board of Directors of…

ABG

Asbury Automotive

$51.25

0.4 (0.79%)

GPI

Group 1 Automotive

$54.86

-0.08 (-0.15%)

PAG

Penske Automotive

$40.00

0.3 (0.76%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 30

    Oct

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.