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YHOO

Tag AABA

$46.24

0.58 (1.27%)

, VZ

Verizon

$49.81

0.18 (0.36%)

17:26
03/01/17
03/01
17:26
03/01/17
17:26

Yahoo completes hack review, says some executives 'did not properly comprehend'

Yahoo (YHOO) stated in its 10-K annual filing: "As previously disclosed, an independent committee of the board has investigated the security incidents... The independent committee has concluded its investigation, although it will continue to review developments regarding the security incidents and report to the board... Based on its investigation, the committee concluded that the company's information security team had contemporaneous knowledge of the 2014 compromise of user accounts, as well as incidents by the same attacker involving cookie forging in 2015 and 2016. In late 2014, senior executives and relevant legal staff were aware that a state-sponsored actor had accessed certain user accounts by exploiting the company's account management tool. The company took certain remedial actions, notifying 26 specifically targeted users and consulting with law enforcement. While significant additional security measures were implemented in response to those incidents, it appears certain senior executives did not properly comprehend or investigate, and therefore failed to act sufficiently upon, the full extent of knowledge known internally by the company's information security team. Specifically, as of December 2014, the information security team understood that the attacker had exfiltrated copies of user database backup files containing the personal data of Yahoo users but it is unclear whether and to what extent such evidence of exfiltration was effectively communicated and understood outside the information security team. However, the independent committee did not conclude that there was an intentional suppression of relevant information. Nonetheless, the committee found that the relevant legal team had sufficient information to warrant substantial further inquiry in 2014, and they did not sufficiently pursue it. As a result, the 2014 security incident was not properly investigated and analyzed at the time, and the company was not adequately advised with respect to the legal and business risks." Yahoo has agreed to be acquired by Verizon (VZ).

YHOO

Tag AABA

$46.24

0.58 (1.27%)

VZ

Verizon

$49.81

0.18 (0.36%)

  • 06

    Mar

YHOO Tag AABA
$46.24

0.58 (1.27%)

10/28/16
OPCO
10/28/16
NO CHANGE
Target $1000
OPCO
Outperform
Alphabet price target raised to $1000 from $970 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for Alphabet (GOOG) to $1000 from $970 following "strong" Q3 results. The analyst believes Alphabet continues to benefit from the same trends, namely demand for mobile clicks driven by improved ad formats, YouTube ads and shift to programmatic. Further, he sees Google Cloud as the fastest growing unit, and expects increased investor focus in 2017. Meanwhile, Helfstein sees no material signs of share loss to Facebook (FB), with Alphabet gaining from Yahoo (YHOO)/Microsoft (MSFT) and other search players. The analyst reiterates an Outperform rating on Alphabet's shares.
01/05/17
RHCO
01/05/17
NO CHANGE
RHCO
Verizon likely to proceed with Yahoo acquisition, says SunTrust
After Bloomberg reported that Verizon (VZ) was seeking a $5.5B loan, SunTrust analyst Kunal Madhukar says that, assuming the report is accurate, the loan would probably be used to finance Verizon's takeover of Yahoo's (YHOO) core business. The analyst says that if the report is accurate, the deal will probably proceed. Madhukar keeps a Hold rating on Yahoo.
01/24/17
OPCO
01/24/17
NO CHANGE
Target $52
OPCO
Outperform
Yahoo sale will be completed despite hacking disclosure, says Oppenheimer
Following Q4 results, Oppenheimer analyst Jason Helfstein notes that Yahoo (YHOO) pushed back the closing of the core sale to Verizon (VZ) from Q1 to Q2, citing "work required to meet closing conditions." The analyst believes that the sale will be completed regardless of Yahoo's most recent hacking disclosure, as it provided engagement data showing minimal impact and since Verizon needs its content scale to create a profitable ad tech stack, if they are going to build a competitive "third stack" to help publishers compete with Facebook (FB) and Google (GOOG; GOOGL). He reiterated an Outperform on Yahoo's stock but lowered his price target on the shares to $52 from $54 to reflect movements in the share prices of Alibaba (BABA) and Yahoo Japan.
01/24/17
RBCM
01/24/17
NO CHANGE
RBCM
Yahoo results increase probability of deal closing, says RBC Capital
RBC Capital analyst Mark Mahaney says that Yahoo's (YHOO) "improved" Q4 results increase the chances that Verizon (VZ) will close on its acquisition of the Internet conglomerate. However, Mahaney keeps a Sector Perform rating on Yahoo.
VZ Verizon
$49.81

0.18 (0.36%)

02/21/17
MOFT
02/21/17
UPGRADE
Target $54
MOFT
Buy
Verizon upgraded to Buy from Neutral at MoffettNathanson
MoffettNathanson analyst Craig Moffett upgraded Verizon(VZ) to Buy and raised its price target to $54 from $53 saying its 2017 earnings trajectory is better than AT&T's (T) and most, if not all, of the bad news is reflected in valuation.
02/21/17
02/21/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Verizon (VZ) upgraded to Buy from Neutral at MoffettNathanson by analyst Craig Moffett, who said its 2017 earnings trajectory is better than AT&T's (T) and most, if not all, of the bad news is reflected in valuation. 2. Community Health (CYH) upgraded to Neutral from Underperform at Mizuho by analyst Dr. Sheryl Skolnick, who believes Community Health may have given itself some breathing room ahead of its looming 2018/19 maturity wall and taken some credit induced pressure off the stock with its inline Q4 EBITDA report and reasonable 2017 guidance. 3. Meritor (MTOR) upgraded to Overweight from Sector Weight at KeyBanc by analyst Brett Hoselton, who said higher North America Class 8 production and net new business will likely drive revenue growth ahead of consensus expectations. 4. Viper Energy (VNOM) upgraded to Strong Buy from Market Perform at Raymond James by analyst John Freeman, who has increased confidence Viper can outperform significantly following additional clarity into the company's drilling inventory and views Viper as a potential candidate to be added to the Alerian MLP index later this year. 5. Laredo Petroleum (LPI) upgraded to Overweight from Neutral at Piper Jaffrayby analyst Kashy Harrison, citing valuation and the company's improved balance sheet. The analyst sees upside to 2018 consensus production estimates. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, URL
02/22/17
SBSH
02/22/17
NO CHANGE
SBSH
Citi says Comcast could rally 20% with acquisition of Verizon
Citi analyst Michael Rollins believes 2017 will be the year of mergers and acquisitions in the Wireless space. The analyst sees "many motivations" for deals, including capacity shortages, subscale economics and thwarting 5G incursions. Rollins sees four combinations as the most likely: Verizon (VZ) for DISH (DISH), Sprint (S) for T-Mobile (TMUS), Charter (CHTR) for T-Mobile, and Comcast (CMCSA) for Verizon. If buying DISH, the analyst sees Verizon shares rallying 14%. If buying T-Mobile, the analyst sees Sprint shares rallying 5%. If buying T-Mobile, the analyst sees Carter shares rising by 4%. If buying Verizon, the analyst sees Comcast shares rising by 20%.
02/23/17
02/23/17
NO CHANGE
Target $44

Underperform
DISH buildout plan suggests lack of takeover interest, says FBR Capital
FBR Capital analyst David Dixon believes DISH's (DISH) network build plans suggest a lack of interest from potential buyers. The lack of a takeover suitor is the main driver behind DISH's decision to swap assets with EchoStar (SATS), Dixon tells investors in a post-earnings research note. He notes that to DISH bulls, Verizon (VZ) is the most logical buyer. The analyst, however, sees Verizon leaning towards a cable or content deal over time. Verizon's larger strategic threat is cable, not lack of spectrum, Dixon argues. He also believes a Sprint (S) and T-Mobile (TMUS) would remove a potential buyer for DISH spectrum. The analyst keeps an Underperform rating on DISH shares with a $44 price target.

TODAY'S FREE FLY STORIES

02:45
11/21/17
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02:45
General news
FX Update: Narrow ranges have been prevailing »

FX Update: Narrow ranges…

SPN

Superior Energy

$8.81

-0.14 (-1.56%)

21:18
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Superior Energy rating change at SunTrust »

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MDT

Medtronic

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Lowe's

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1.24 (1.55%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

MDT

Medtronic

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Lowe's

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Analog Devices

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DLTR

Dollar Tree

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HRL

Hormel Foods

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CPB

Campbell Soup

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BURL

Burlington Stores

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SIG

Signet Jewelers

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DSW

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CCLP

CSI Compressco

$5.28

-0.16 (-2.94%)

19:32
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CSI Compressco names Owen Serjeant president »

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AMAT

Applied Materials

$57.62

1.13 (2.00%)

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Apple

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-0.17 (-0.10%)

19:04
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Periodicals
Applied Materials expected to purchase former Apple complex, Mercury News says »

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Applied Materials

$57.62

1.13 (2.00%)

AAPL

Apple

$169.98

-0.17 (-0.10%)

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FOX

21st Century Fox

$29.90

-0.58 (-1.90%)

, FOXA

21st Century Fox

$30.66

-0.49 (-1.57%)

18:21
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11/20
18:21
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18:21
Periodicals
Fox reaches $90M settlement over sexual harassment scandal, Reuters says »

21st Century Fox reached…

FOX

21st Century Fox

$29.90

-0.58 (-1.90%)

FOXA

21st Century Fox

$30.66

-0.49 (-1.57%)

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BABA

Alibaba

$188.00

2.87 (1.55%)

18:19
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11/20
18:19
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18:19
Hot Stocks
Muddy Waters says Alibaba numbers 'obviously fake' »

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PANW

Palo Alto Networks

$142.53

-0.19 (-0.13%)

, CHKP

Check Point

$102.98

0.83 (0.81%)

18:15
11/20/17
11/20
18:15
11/20/17
18:15
Recommendations
Palo Alto Networks, Check Point, Fortinet analyst commentary at JPMorgan »

Palo Alto quarter…

PANW

Palo Alto Networks

$142.53

-0.19 (-0.13%)

CHKP

Check Point

$102.98

0.83 (0.81%)

FTNT

Fortinet

$40.77

0.46 (1.14%)

03/08/13
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AMZN

Amazon.com

$1,126.31

-3.57 (-0.32%)

18:14
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11/20
18:14
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18:14
Hot Stocks
Amazon announces cloud software for U.S spy agencies AWS Secret Region »

Amazon announced the new…

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  • 18

    Mar

BIVV

Bioverativ

$50.76

-5.35 (-9.53%)

, RHHBY

Roche

$30.82

1.72 (5.91%)

18:08
11/20/17
11/20
18:08
11/20/17
18:08
Recommendations
Deutsche cuts Bioverativ target to $53 after positive Roche data »

Deutsche Bank analyst…

BIVV

Bioverativ

$50.76

-5.35 (-9.53%)

RHHBY

Roche

$30.82

1.72 (5.91%)

SHPG

Shire

$141.37

-6 (-4.07%)

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CUBI

Customers Bancorp

$27.04

0.28 (1.05%)

18:04
11/20/17
11/20
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18:04
Hot Stocks
Customers Bancorp: Flagship could raise capital in IPO transaction in 1H18 »

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T

AT&T

$34.64

0.13 (0.38%)

, TWX

Time Warner

$87.71

-1.01 (-1.14%)

18:04
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Hot Stocks
AT&T CEO says has offered DOJ solutions that were not accepted »

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AT&T

$34.64

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Time Warner

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NGD

New Gold

$3.21

-0.02 (-0.62%)

18:02
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Hot Stocks
New Gold announces sale of Peak Mines for $58M »

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IMI

Intermolecular

$1.31

0.1 (8.26%)

18:01
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Intermolecular partners with SITRI to develop MtM technologies »

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CMCSA

Comcast

$35.83

-0.33 (-0.91%)

18:00
11/20/17
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18:00
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18:00
Initiation
Comcast initiated at Buckingham »

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MLNX

Mellanox

$51.05

1 (2.00%)

17:59
11/20/17
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Hot Stocks
Mellanox up nearly 6% after Starboard discloses a 9.8% stake in the company »

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PLNT

Planet Fitness

$30.15

0.07 (0.23%)

17:58
11/20/17
11/20
17:58
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17:58
Initiation
Planet Fitness initiated at DA Davidson »

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TER

Teradyne

$44.43

0.86 (1.97%)

17:57
11/20/17
11/20
17:57
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17:57
Downgrade
Teradyne rating change at Deutsche Bank »

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CBS

CBS

$55.93

-0.81 (-1.43%)

17:56
11/20/17
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17:56
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17:56
Periodicals
CBS News suspends Charlie Rose following sexual harassment claims, AP says 

Reference Link

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CBS

CBS

$55.93

-0.81 (-1.43%)

17:55
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Periodicals
Eight women accuse Charlie Rose of sexual harassment, Washington Post says »

Eight women have said…

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MLNX

Mellanox

$51.05

1 (2.00%)

, MRVL

Marvell

$21.59

1.3 (6.41%)

17:53
11/20/17
11/20
17:53
11/20/17
17:53
Hot Stocks
Starboard Value reports 9.8% stake in Mellanox, may seek talks »

Peter A. Feld, a…

MLNX

Mellanox

$51.05

1 (2.00%)

MRVL

Marvell

$21.59

1.3 (6.41%)

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CDXS

Codexis

17:46
11/20/17
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Hot Stocks
Breaking Hot Stocks news story on Codexis »

Telemark Asset Management…

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T

AT&T

$34.64

0.13 (0.38%)

, TWX

Time Warner

$87.71

-1.01 (-1.14%)

17:45
11/20/17
11/20
17:45
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17:45
Hot Stocks
AT&T CEO says giving up control of CNN is a 'non-starter' »

Says plenty of solutions…

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$34.64

0.13 (0.38%)

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-1.01 (-1.14%)

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  • 29

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BBY

Best Buy

$56.35

0.52 (0.93%)

17:45
11/20/17
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17:45
Conference/Events
Best Buy management to meet with SunTrust »

Group dinner to be held…

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T

AT&T

$34.64

0.13 (0.38%)

, TWX

Time Warner

$87.71

-1.01 (-1.14%)

17:43
11/20/17
11/20
17:43
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17:43
Hot Stocks
AT&T CEO says DOJ suit 'defies logic' »

Says has offered…

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$34.64

0.13 (0.38%)

TWX

Time Warner

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-1.01 (-1.14%)

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