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CSCO

Cisco

$31.70

0.45 (1.44%)

, VMW

VMware

$88.81

1.45 (1.66%)

04:55
06/14/17
06/14
04:55
06/14/17
04:55

Pure Storage to hold a conference

2nd Annual Technology Conference: Pure/Accelerate 2017 is being held in San Francisco on June 12-14.

CSCO

Cisco

$31.70

0.45 (1.44%)

VMW

VMware

$88.81

1.45 (1.66%)

DPZ

Domino's Pizza

$208.40

4.79 (2.35%)

PSTG

Pure Storage

$12.66

0.49 (4.03%)

  • 21

    Jun

  • 22

    Jun

  • 28

    Jun

  • 29

    Jun

  • 12

    Jul

CSCO Cisco
$31.70

0.45 (1.44%)

06/05/17
NEED
06/05/17
NO CHANGE
Target $50
NEED
Buy
Gigamon worth $50-$55 per share to acquirer, says Needham
After Reuters reported that Gigamon (GIMO) has responded to Elliot Management's urging and has undertaken an active review of its options, including a potential sale, Needham analyst Alex Henderson estimated that a fair value for Gigamon is in the $50-$55 range. Henderson - who lists Cisco (CSCO), Juniper (JNPR), F5 (FFIV), HP (HPE), Dell/EMC (EMC), Palo Alto (PANW), and Fortinet (FTNT) among the companies that he thinks could be interested - said he would not be surprised to see Gigamon attract multiple suitors. He raised his price target on Gigamon to $50 from $34 and keeps a Buy rating on the stock.
06/05/17
CHLM
06/05/17
NO CHANGE
Target $12.5
CHLM
Buy
Extreme Networks set to enter top 3 in enterprise networking, says Craig-Hallum
Craig-Hallum analyst Christian Schwab noted that Extreme Networks (EXTR) is poised to become the third largest enterprise networking vendor - behind Cisco (CSCO) and HP Enterprise (HPE) - post the closing of its deals with Avaya and Brocade (BRCD). Management has introduced a FY18 target for revenue of over $1B and, combined with its just revealed margin targets, Extreme should be earning 90c-95c per share annually, estimated Schwab, who reiterates his Buy rating and $12.50 price target on the stock following the company's analyst day.
06/02/17
OPCO
06/02/17
NO CHANGE
Target $160
OPCO
Outperform
Arista Networks legal risk is dissipating, says Oppenheimer
Oppenheimer analyst Ittai Kidron says Arista Networks' (ANET) legal risk is dissipating after the Patent and Trial Appeal Board yesterday issued a final decision invalidating all relevant claims of one of the Cisco (CSCO) patents involved in the ongoing Arista/Cisco litigation. This follows a May 25 PTAB decision invalidating a different Cisco patent. Taken together, these decisions are a positive for Arista, Kidron tells investors in a research note. He believes the invalidation of these patents eliminates the infringement and the need to develop workarounds. The analyst keeps an Outperform rating on Arista shares with a $160 price target.
06/13/17
DBAB
06/13/17
NO CHANGE
Target $40
DBAB
Buy
Cisco upcoming analyst day a positive catalyst, says Deutsche Bank
Deutsche Bank analyst Vijay Bhagavath views Cisco Systems' analyst day on June 28 as a positive catalyst for the shares. The analyst expects an update to the company's three-to-five year target model and views the stock's current risk/reward as attractive. He reiterates a Buy rating on Cisco with a $40 price target.
VMW VMware
$88.81

1.45 (1.66%)

05/31/17
BARD
05/31/17
UPGRADE
Target $115
BARD
Outperform
VMware upgraded to Outperform at Baird
As reported previously, Baird analyst Jason Noland upgraded VMware (VMW) to Outperform from Neutral citing the company's strategic shift to partner with firms rather than compete with the public cloud. The analyst believes the company's deal with Amazon Web Services (AMZN) is a big deal and believes its parent Dell will be able to help with harder-to-reach geographies with cost effectiveness. Noland raised his price target to $115 from $90 on VMware shares.
05/31/17
05/31/17
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. Donaldson (DCI) upgraded to Buy from Hold at Jefferies with analyst Laurence Alexander saying he sees "increasing evidence" the company's end-markets are exiting the multi-year trough and believes operating leverage should translate into above-average compound growth over the next few years. He recommends building positions in the stock during the second half of 2017. 2. VMware (VMW) upgraded to Outperform from Neutral at Baird with analyst Jason Noland citing the company's strategic shift to partner with firms rather than compete with the public cloud. 3. Akari Therapeutics (AKTX) upgraded to Neutral from Sell at Chardan. 4. Vale (VALE) upgraded to Buy from Hold at HSBC with analyst Jonathan Brandt saying the recent decline in iron ore prices has mitigated risk, and the focus should now shift to the company's "strong" free cash flow generation and 6% dividend yield. 5. Potbelly (PBPB) upgraded to Buy from Hold at Maxim with analyst Stephen Anderson citing news that Chief Executive Officer Aylwin Lewis is resigning, as he believes new management could reinvigorate performance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/02/17
JEFF
06/02/17
NO CHANGE
Target $116
JEFF
Buy
VMware price target raised to $116 from $105 at Jefferies
Jefferies analyst John DiFucci raised his price target for VMware to $116 saying the company reported "strong" Q1 results when adjusting for the vCloud Air sale and the shift in fiscal year. The analyst believes VMware is seeing strength across all its businesses. He keeps a Buy rating on the shares.
06/02/17
RAJA
06/02/17
NO CHANGE
Target $106
RAJA
Outperform
VMware price target raised to $106 from $98 at Raymond James
Raymond James analyst Michael Turits raised VMware's price target to $106 from $98 and reiterated his Outperform rating following the "strong" Q1 report and raised FY18 guidance.
DPZ Domino's Pizza
$208.40

4.79 (2.35%)

06/09/17
LBOW
06/09/17
DOWNGRADE
LBOW
Neutral
Domino's Pizza Q2 comps tracking below consensus, says Longbow
As previously reported, Longbow downgraded Domino's Pizza to Neutral from Buy. Analyst Alton Stump's checks indicate Q2 domestic franchised comps are up 6.25%-6.75%, versus consensus of 7.4%, and recommends investors take a pause on putting new money to work given recent share strength.
06/09/17
06/09/17
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. Snap (SNAP) downgraded to Neutral from Buy at Citi with analyst Mark May saying a slower than expected roll-out of new platforms and channels like self-serve is slowing down the pace of monetization growth. 2. Domino's Pizza (DPZ) downgraded to Neutral from Buy at Longbow with analyst Alton Stump saying his checks indicate second quarter domestic franchised comparables are up 6.25%-6.75%, versus consensus of 7.4%, and recommends investors take a pause on putting new money to work given recent share strength. 3. Nordstrom (JWN) downgraded to Neutral from Buy at Guggenheim with analyst Michael Binetti saying he does not see much further upside potential, even in a leveraged buyout scenario. The analyst believes a going private buyer could only pay $46 per share to generate a 10% internal rate of return. 4. Cantel Medical (CMD) downgraded to Hold from Buy at Benchmark with analyst Raymond Myers saying that he is increasingly concerned that its comparisons become tougher in the next two quarters. 5. Endo (ENDP) downgraded to Hold following Opana ER removal from market at Stifel with analyst Annabel Samimy saying Endo's recovery "just got harder" following the FDA's request for the company to voluntarily remove Opana ER from the market. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/01/17
MAXM
06/01/17
NO CHANGE
Target $200
MAXM
Hold
Domino's Pizza target raised to $200 after refinancing announcement at Maxim
Maxim analyst Stephen Anderson said he views Domino's refinancing announcement as a modest long-term positive and raised his price target on the stock to $200 from $186. The net EPS upside from the refinancing, assuming an additional 4M share buyback beyond what he'd already modeled, would add about 4c to EPS in 2017 and as much as 22c in 2018, Anderson estimated. He maintains a Hold rating on Domino's, as he believes the 33% year-to-date advance bakes in several positives already.
06/09/17
LBOW
06/09/17
DOWNGRADE
LBOW
Neutral
Domino's Pizza downgraded to Neutral from Buy at Longbow
PSTG Pure Storage
$12.66

0.49 (4.03%)

04/04/17
SUSQ
04/04/17
UPGRADE
Target $15
SUSQ
Positive
Pure Storage upgraded to Positive from Neutral at Susquehanna
04/04/17
SUSQ
04/04/17
UPGRADE
Target $15
SUSQ
Positive
Pure Storage upgraded to Positive at Susquehanna
As reported previously, Susquehanna analyst Mehdi Hosseini upgraded Pure Storage to Positive from Neutral. The analyst cited an attractive risk/reward in the context of his new revenue growth estimates, operating leverage potential, and a "call option" on successful execution of Flashblade. Hosseini raised his price target to $15 from $12 on Pure Storage shares.
05/18/17
MSCO
05/18/17
DOWNGRADE
Target $12
MSCO
Equal Weight
Pure Storage downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Katy Huberty downgraded Pure Storage to Equal Weight and cut its price target to $12 from $17 citing increased competition and slower new product traction. Huberty sees uncertainty surrounding the company's opportunity to expand TAM with FashBlade and other new products as re-sellers note increasing competition in the low-end of the market.
05/23/17
UBSW
05/23/17
NO CHANGE
Target $15
UBSW
Buy
Pure Storage weakness a buying opportunity, says UBS
UBS analyst Steven Milunovich said the recent pullback in Pure Storage has created a buying opportunity and an attractive risk/reward. He believes the current stock price discounts the current risks, while the company has the advantages of the flash market being hot and its differentiated hardware and software. Milunovich reiterated his Buy rating and $15 price target on Pure Storage shares.

TODAY'S FREE FLY STORIES

A

Agilent

$69.96

1.17 (1.70%)

08:57
11/21/17
11/21
08:57
11/21/17
08:57
Recommendations
Agilent analyst commentary  »

Agilent price target…

03/08/13
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03/06/13
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  • 30

    Nov

GE

General Electric

$17.98

-0.23 (-1.26%)

, BAC

Bank of America

$26.74

0.12 (0.45%)

08:55
11/21/17
11/21
08:55
11/21/17
08:55
Options
Notable open interest changes for November 21st »

Monday's total…

GE

General Electric

$17.98

-0.23 (-1.26%)

BAC

Bank of America

$26.74

0.12 (0.45%)

BABA

Alibaba

$188.00

2.87 (1.55%)

AAPL

Apple

$169.98

-0.17 (-0.10%)

03/08/13
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SGY

Stone Energy

$35.49

1.15 (3.35%)

08:55
11/21/17
11/21
08:55
11/21/17
08:55
Hot Stocks
Breaking Hot Stocks news story on Stone Energy »

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NETS

Netshoes

08:53
11/21/17
11/21
08:53
11/21/17
08:53
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Netshoes analyst commentary  »

Netshoes valuation overly…

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CUB

Cubic

$53.50

0.5 (0.94%)

08:51
11/21/17
11/21
08:51
11/21/17
08:51
Recommendations
Cubic analyst commentary  »

Cubic price target raised…

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03/08/13
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  • 28

    Nov

AXGN

AxoGen

$24.30

0.7 (2.97%)

08:51
11/21/17
11/21
08:51
11/21/17
08:51
Recommendations
AxoGen analyst commentary  »

AxoGen price target…

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  • 28

    Nov

CPB

Campbell Soup

$49.93

0.21 (0.42%)

08:48
11/21/17
11/21
08:48
11/21/17
08:48
Hot Stocks
Campbell continues to expect Campbell Fresh to return to profitability this year »

Says back to normal…

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  • 21

    Nov

GE

General Electric

$17.98

-0.23 (-1.26%)

08:48
11/21/17
11/21
08:48
11/21/17
08:48
Recommendations
General Electric analyst commentary  »

Deutsche Bank cuts target…

03/08/13
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EV

Eaton Vance

$52.27

0.48 (0.93%)

08:48
11/21/17
11/21
08:48
11/21/17
08:48
Hot Stocks
Eaton Vance reports AUM $382.4B for FY17 »

This represents an…

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  • 21

    Nov

EV

Eaton Vance

$52.27

0.48 (0.93%)

08:46
11/21/17
11/21
08:46
11/21/17
08:46
Earnings
Eaton Vance reports Q4 adjusted EPS 70c, consensus 71c »

Reports Q4 revenue…

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  • 21

    Nov

MBI

MBIA

$8.95

-0.06 (-0.67%)

, GME

GameStop

$16.44

0.13 (0.80%)

08:45
11/21/17
11/21
08:45
11/21/17
08:45
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

MBI

MBIA

$8.95

-0.06 (-0.67%)

GME

GameStop

$16.44

0.13 (0.80%)

AAOI

Applied Optoelectronics

$43.48

-1.56 (-3.46%)

XLV

Health Care Select Sector SPDR

$80.90

-0.34 (-0.42%)

NUGT

Direxion Gold Miners Bull

$28.92

-0.88 (-2.95%)

OSTK

Overstock.com

$56.65

4.25 (8.11%)

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

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  • 21

    Nov

  • 28

    Nov

  • 29

    Nov

08:45
11/21/17
11/21
08:45
11/21/17
08:45
General news
U.S. October Chicago Fed National Activity index rose 0.29 points to 0.65 »

U.S. October Chicago Fed…

SSY

SunLink Health Systems

08:45
11/21/17
11/21
08:45
11/21/17
08:45
Hot Stocks
Breaking Hot Stocks news story on SunLink Health Systems »

Sunlink Health Systems…

03/08/13
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03/06/13
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LOW

Lowe's

$81.46

1.24 (1.55%)

08:44
11/21/17
11/21
08:44
11/21/17
08:44
Recommendations
Lowe's analyst commentary  »

Lowe's quarter…

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  • 21

    Nov

PANW

Palo Alto Networks

$142.53

-0.19 (-0.13%)

08:43
11/21/17
11/21
08:43
11/21/17
08:43
Recommendations
Palo Alto Networks analyst commentary  »

Palo Alto Networks price…

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  • 11

    Dec

  • 11

    Dec

  • 17

    Jan

  • 17

    Jan

CPB

Campbell Soup

$49.93

0.21 (0.42%)

08:43
11/21/17
11/21
08:43
11/21/17
08:43
Hot Stocks
Campbell Soup says expects to complete Pacific Foods acquisition by year-end »

Says saw lower seasonal…

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  • 21

    Nov

SHOP

Shopify

$108.56

3.67 (3.50%)

, FB

Facebook

$178.74

-0.26 (-0.15%)

08:43
11/21/17
11/21
08:43
11/21/17
08:43
Recommendations
Shopify, Facebook analyst commentary  »

Shopify price target…

SHOP

Shopify

$108.56

3.67 (3.50%)

FB

Facebook

$178.74

-0.26 (-0.15%)

03/08/13
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03/06/13
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AMZN

Amazon.com

$1,126.31

-3.57 (-0.32%)

, RAD

Rite Aid

$1.56

-0.03 (-1.89%)

08:41
11/21/17
11/21
08:41
11/21/17
08:41
Recommendations
Amazon.com, Rite Aid analyst commentary  »

Amazon pharmacy…

AMZN

Amazon.com

$1,126.31

-3.57 (-0.32%)

RAD

Rite Aid

$1.56

-0.03 (-1.89%)

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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  • 18

    Mar

SGY

Stone Energy

$35.49

1.15 (3.35%)

08:41
11/21/17
11/21
08:41
11/21/17
08:41
Hot Stocks
Stone Energy, Talos to become wholly-owned subsidiaries of new holding company »

Under the terms of the…

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08:40
11/21/17
11/21
08:40
11/21/17
08:40
General news
Breaking General news story  »

Week of 11/18 Redbook to…

VKTX

Viking Therapeutics

$2.77

-0.02 (-0.72%)

08:39
11/21/17
11/21
08:39
11/21/17
08:39
Initiation
Viking Therapeutics initiated  »

Viking Therapeutics…

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QD

Qudian

$20.08

-1.12 (-5.28%)

08:39
11/21/17
11/21
08:39
11/21/17
08:39
Periodicals
Netease reports China stops approving new online micro lenders, Bloomberg says »

China's Internet…

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SGY

Stone Energy

$35.49

1.15 (3.35%)

08:39
11/21/17
11/21
08:39
11/21/17
08:39
Hot Stocks
Stone Energy, Talos Energy combination to have ADP of about 47 Mboe »

The combination will…

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PRGO

Perrigo

$85.20

-0.69 (-0.80%)

08:38
11/21/17
11/21
08:38
11/21/17
08:38
Hot Stocks
Perrigo completes divestiture of its API business »

Perrigo Company announced…

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SGY

Stone Energy

$35.49

1.15 (3.35%)

08:36
11/21/17
11/21
08:36
11/21/17
08:36
Hot Stocks
Stone Energy to combine with Talos Energy in an all-stock transaction »

Talos Energy and Stone…

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