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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

BABA

Alibaba

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TWX

Time Warner

$88.72

0.71 (0.81%)

, CMCSA

Comcast

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CMCSA

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CMCSK

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SNE

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FOX

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DIS

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VIAB

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$26.15

2.46 (10.38%)

VIA

Viacom

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2.9 (9.63%)

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GE

General Electric

$18.21

-0.04 (-0.22%)

17:10
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GE yet to decide which directors will lose seats, WSJ reports »

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GLPG

Galapagos NV

$90.83

-0.66 (-0.72%)

17:01
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BA

Boeing

$262.26

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SBLK

Star Bulk Carriers

$9.60

0.19 (2.02%)

16:53
11/19/17
11/19
16:53
11/19/17
16:53
Earnings
Star Bulk Carriers reports Q3 adjusted EPS (8c), consensus (5c) »

"We released today…

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  • 20

    Nov

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    Nov

BDRBF

Bombardier

$2.43

0.0007 (0.03%)

16:22
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Bombardier predicts Latin America's 60-150 seat aircraft fleet will double »

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  • 28

    Nov

TSLA

Tesla

$315.05

2.55 (0.82%)

10:21
11/18/17
11/18
10:21
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10:21
Periodicals
Tesla new super car to cost $200,000, Recode says »

Alongside its new…

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  • 20

    Nov

  • 21

    Nov

  • 16

    Jan

GT

Goodyear Tire

$29.94

0.63 (2.15%)

10:17
11/18/17
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Goodyear Tire, NASCAR extend relationship »

NASCAR and Goodyear Tire…

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  • 20

    Nov

  • 09

    Jan

  • 16

    Jan

HMC

Honda

$32.62

0.02 (0.06%)

10:05
11/18/17
11/18
10:05
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10:05
Periodicals
Honda recalls 900,000 minivans on tip forward seats, Reuters says »

Honda Motor is recalling…

03/08/13
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PG

Procter & Gamble

$88.43

-0.82 (-0.92%)

09:48
11/18/17
11/18
09:48
11/18/17
09:48
Periodicals
Activist investors Nelson Peltz still in P&G picture, Barron's says »

In a follow-up story,…

03/08/13
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BHGE

Baker Hughes

$30.91

0.76 (2.52%)

, GE

General Electric

$18.21

-0.04 (-0.22%)

09:39
11/18/17
11/18
09:39
11/18/17
09:39
Periodicals
Buy Baker Hughes, Barron's says »

While it is "not…

BHGE

Baker Hughes

$30.91

0.76 (2.52%)

GE

General Electric

$18.21

-0.04 (-0.22%)

03/08/13
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03/06/13
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  • 14

    Dec

CSCO

Cisco

$35.90

0.02 (0.06%)

09:19
11/18/17
11/18
09:19
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09:19
Periodicals
More needed for Cisco to have 'groove back,' Barron's says »

While the Nasdaq…

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03/08/13
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  • 27

    Nov

  • 28

    Nov

  • 29

    Nov

  • 11

    Dec

  • 17

    Jan

  • 17

    Jan

IBM

IBM

$148.97

-0.15 (-0.10%)

09:10
11/18/17
11/18
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Periodicals
IBM could be next to fetch higher valuation, Barron's says »

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  • 27

    Nov

GE

General Electric

$18.21

-0.04 (-0.22%)

09:05
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Periodicals
Option play offer some help given GE dividend, depressed stock, Barron's says »

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GE

General Electric

$18.21

-0.04 (-0.22%)

09:00
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Periodicals
Risk remains after GE dividend cut, Barron's says »

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TWX

Time Warner

$88.72

0.71 (0.81%)

, T

AT&T

$34.51

-0.01 (-0.03%)

08:21
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TWX

Time Warner

$88.72

0.71 (0.81%)

T

AT&T

$34.51

-0.01 (-0.03%)

NYT

New York Times

$17.65

0.05 (0.28%)

TEX

Terex

$44.82

0.8 (1.82%)

03/08/13
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  • 28

    Nov

  • 29

    Nov

TPIC

TPI Composites

$19.06

-0.97 (-4.84%)

07:25
11/18/17
11/18
07:25
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07:25
Conference/Events
TPI Composites to host investor day »

Investor day to be held…

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  • 05

    Dec

SYNA

Synaptics

$38.21

0.57 (1.51%)

04:55
11/18/17
11/18
04:55
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04:55
Conference/Events
Synaptics management to meet with KeyBanc »

Meeting to be held in the…

03/08/13
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  • 18

    Nov

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

18:01
11/17/17
11/17
18:01
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Hot Stocks
S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

S&P Dow Jones Indices…

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

03/08/13
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  • 28

    Nov

  • 06

    Dec

WGL

WGL Holdings

$84.32

-0.14 (-0.17%)

18:01
11/17/17
11/17
18:01
11/17/17
18:01
Earnings
WGL Holdings reports Q4 adjusted EPS (17c), consensus (19c) »

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TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

, LMOS

Lumos Networks

17:58
11/17/17
11/17
17:58
11/17/17
17:58
Hot Stocks
Tactile Systems to replace Lumos Networks in S&P 600 at open on 11/22 »

EQT Infrastructure…

TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

03/08/13
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  • 28

    Nov

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

, MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

17:56
11/17/17
11/17
17:56
11/17/17
17:56
Hot Stocks
Breaking Hot Stocks news story on Invesco Mortgage, MKS Instruments »

Invesco Mortgage to…

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

03/08/13
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03/06/13
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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

17:55
11/17/17
11/17
17:55
11/17/17
17:55
Hot Stocks
MKS Instruments to replace Brocade in S&P 400 at open on 11/22 »

S&P 500 constituent…

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 06

    Dec

UQM

UQM Technologies

$1.18

0.015 (1.29%)

17:24
11/17/17
11/17
17:24
11/17/17
17:24
Syndicate
Breaking Syndicate news story on UQM Technologies »

UQM Technologies files to…

03/08/13
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