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TM

Toyota

$112.38

-0.72 (-0.64%)

, INTC

Intel

$36.14

-0.45 (-1.23%)

06:02
08/11/17
08/11
06:02
08/11/17
06:02

Toyota, Intel, Ericsson form Automotive Edge Computing Consortium

DENSO Corporation (DNZOY), Ericsson (ERIC), Intel (INTC), Nippon Telegraph and Telephone Corporation (NTT), NTT DOCOMO (DCM), Toyota InfoTechnology Center and Toyota Motor Corporation (TM) announced that they have initiated the formation of the Automotive Edge Computing Consortium. The objective of the consortium is to develop an ecosystem for connected cars to support emerging services such as intelligent driving, the creation of maps with real-time data and driving assistance based on cloud computing.It is estimated that the data volume between vehicles and the cloud will reach 10 exabytes per month around 2025, approximately 10,000 times larger than the present volume. This expected increase will trigger the need for new architectures of network and computing infrastructure to support distributed resources and topology-aware storage capacity. The architectures will be compliant with applicable standards, which requires collaboration on a local and global scale. The consortium will focus on increasing network capacity to accommodate automotive big data in a reasonable fashion between vehicles and the cloud by means of edge computing and more efficient network design. It will define requirements and develop use cases for emerging mobile devices with a particular focus on the automotive industry, bringing them to standards bodies, industry consortiums and solution providers. The consortium will also encourage the development of best practices for the distributed and layered computing approach recommended by the members. In the coming months, the aforementioned companies will initiate activities to invite relevant global technology leaders and expand the consortium.

TM

Toyota

$112.38

-0.72 (-0.64%)

INTC

Intel

$36.14

-0.45 (-1.23%)

NTT

Nippon Telegraph

DCM

NTT DoCoMo

$23.21

-0.2 (-0.85%)

ERIC

Ericsson

$6.02

-0.09 (-1.47%)

DNZOY

Denso Corporation

$24.06

-0.295 (-1.21%)

  • 15

    Aug

  • 28

    Aug

TM Toyota
$112.38

-0.72 (-0.64%)

06/28/17
DAIW
06/28/17
DOWNGRADE
DAIW
Neutral
Toyota downgraded to Neutral from Outperform at Daiwa
07/11/17
07/11/17
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 Equal Weight from Overweight at Morgan Stanley with analyst Brian Nowak saying he now sees its advertising revenue growth being materially slower than he previously expected given the company's struggles to innovate and improve its ad product paired with the rising competition it faces from Facebook's (FB) Instagram. 2. Lennar (LEN), PulteGroup (PHM) downgraded to Equal Weight from Overweight at Barclays, and TRI Pointe (TPH) were downgraded to Equal Weight from Overweight at Barclays, while Toll Brothers (TOL) was downgraded to Underweight from Equal Weight. 3. Gildan Activewear (GIL) downgraded to Sector Perform from Outperform at RBC Capital with the firm's analyst citing year-to-date share strength and lack of meaningful upside to estimates. 4. PetMed Express (PETS) downgraded to Hold from Buy at Craig-Hallum with analyst Kevin Ellich saying risk/reward is balanced at current levels as the shares are up over 100% in the last 3 months. 5. Toyota (TM) downgraded to Underperform from Neutral at BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/11/17
BOFA
07/11/17
DOWNGRADE
BOFA
Underperform
Toyota downgraded to Underperform from Neutral at BofA/Merrill
07/10/17
NEED
07/10/17
NO CHANGE
Target $200
NEED
Buy
Nvidia price target raised to $200 from $130 at Needham
Needham analyst Rajvindra Gill raised his price target for Nvidia (NVDA) to $200 on higher conviction that the company's agreement with Toyota (TM) will generate "meaningful" revenue over the next 24 months. The analyst believes the deal could generate up to $1.7B of incremental revenue. Meetings with Toyota confirm the automaker has aggressive plans to deploy Level 2 Advanced systems, which will be on Nvidia's Drive PX Xavier platform, in mass market in the U.S. and Japan over the next two-and-a-half years, Gill tells investors in a research note. He keeps a Buy rating on Nvidia. Jefferies this morning raised its price target on Nvidia to $180 from $140. The shares in premarket trading are up $2.23 to $149.00.
INTC Intel
$36.14

-0.45 (-1.23%)

07/31/17
DADA
07/31/17
NO CHANGE
DADA
Super Micro has positive read through from Intel comments, says DA Davidson
DA Davidson analyst Mark Kelleher says that comments by Intel (INTC) indicate that its Skylake processor is "on track." The analyst says that there was previously a possibility that the processor would be delayed, and he views the company's latest comments as positive for Super Micro Computer (SMCI). He keeps a $33 price target and a Buy rating on the stock.
07/31/17
WELS
07/31/17
NO CHANGE
WELS
Wells Fargo downgrades Semiconductor sector to Market Weight
Wells Fargo analyst David Wong downgraded the Semiconductor sector to Market Weight from Overweight. Recent earnings reports from chip companies suggest that year-over-year growth will likely plateau or perhaps even decelerate over the next few months, Wong tells investors in a research note. He believes many chip stocks now have "elevated multiples" off calendar 2018 earnings estimates. Wong still sees good investment opportunities in some specific stocks, however, and reiterates Outperform ratings on Intel (INTC), Qualcomm (QCOM), Micron (MU), AMD (AMD), Skyworks (SWKS) and Microsemi (MSCC).
07/28/17
LOOP
07/28/17
NO CHANGE
Target $45
LOOP
Buy
Intel price target raised to $45 after guidance hike at Loop Capital
Loop Capital analyst Betsy Van Hees increased her price target on Intel shares to $45 from $43 after the company "once again" raised its full year revenue and pro forma EPS outlook. The analyst, who argues that Intel is "no longer just a PC company" and that its ongoing transformation will drive continued earnings and revenue growth, reiterates a Buy rating on the shares.
08/09/17
BNCH
08/09/17
NO CHANGE
BNCH
Buy
CEVA could be pressured by latest in Qualcomm-Apple fight, says Benchmark
Benchmark analyst Gary Mobley noted that Qualcomm (QCOM) announced that the ITC has commenced an investigation into Apple's (AAPL) use of certain mobile devices, radio frequency and processing components" as the companies continue their legal fight over disputed royalties. Intel (INTC) and Qualcomm currently split the iPhone 7 thin modem business and it is expected they'll also evenly split the iPhone 8 business, said Mobley, who noted that CEVA (CEVA) could lose $2M-$2.5M in annual royalties if the Intel-based phones are banned for U.S. import. He keeps a Buy rating on CEVA shares, which are down fractionally in early trading.
NTT Nippon Telegraph

DCM NTT DoCoMo
$23.21

-0.2 (-0.85%)

05/30/17
GSCO
05/30/17
DOWNGRADE
GSCO
Neutral
NTT DoCoMo downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Ikuo Matsuhashi downgraded NTT DoCoMo to Neutral with a 2,800 yen price target citing valuation.
04/27/17
CANT
04/27/17
DOWNGRADE
CANT
Neutral
NTT DoCoMo downgraded to Neutral from Overweight at Cantor
03/07/17
JPMS
03/07/17
DOWNGRADE
JPMS
Neutral
NTT DoCoMo downgraded to Neutral from Overweight at JPMorgan
10/28/16
MACQ
10/28/16
UPGRADE
MACQ
Outperform
NTT DoCoMo upgraded to Outperform from Neutral at Macquarie
ERIC Ericsson
$6.02

-0.09 (-1.47%)

06/14/17
SOCG
06/14/17
INITIATION
SOCG
Hold
Ericsson initiated with a Hold at Societe Generale
06/08/17
SBSH
06/08/17
INITIATION
SBSH
Buy
Ericsson initiated with a Buy at Citi
Citi analyst Amit Harchandani started Ericsson with a Buy rating and SEK 75 price target. The analyst sees improved execution supporting a company turnaround.
06/02/17
06/02/17
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. Synergy Pharmaceuticals (SGYP) initiated with an Overweight at Cantor. 2. Fastenal (FAST) was initiated with an Overweight at Stephens and a Neutral at JPMorgan. 3. Ericsson (ERIC) was reinstated with a Buy at BofA/Merrill while Nokia (NOK) was reinstated with a Neutral. 4. John Bean Technologies (JBT) initiated with a Neutral at JPMorgan. 5. Biocept (BIOC) initiated with a Buy at Chardan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/02/17
BOFA
06/02/17
INITIATION
BOFA
Buy
Ericsson reinstated with a Buy at BofA/Merrill
BofA/Merrill analyst Tal Liani reinstated Ericsson with a Buy citing limited downside given valuation, market near trough levels, and margins.
DNZOY Denso Corporation
$24.06

-0.295 (-1.21%)

TODAY'S FREE FLY STORIES

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  • 01

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SGMS

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$52.00

-0.2 (-0.38%)

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$NSD

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$NYE

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$NSD

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M

Macy's

$21.07

0.44 (2.13%)

, WMT

Wal-Mart

$96.62

0.21 (0.22%)

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M

Macy's

$21.07

0.44 (2.13%)

WMT

Wal-Mart

$96.62

0.21 (0.22%)

TGT

Target

$55.88

-1.61 (-2.80%)

BASFY

BASF

$27.39

-0.13 (-0.47%)

TEVA

Teva

$13.70

0.22 (1.63%)

CBS

CBS

$56.54

0.3 (0.53%)

DISH

Dish

$50.43

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ASX

Advanced Semiconductor

$7.07

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SPIL

Siliconware Precision

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QD

Qudian

$12.22

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BABA

Alibaba

$191.19

1.35 (0.71%)

VIPS

Vipshop

$8.14

-0.3 (-3.55%)

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  • 24

    Nov

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AFL

Aflac

$85.00

-0.05 (-0.06%)

13:26
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13:26
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Aflac to hold a conference call »

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  • 01

    Dec

GBL

GAMCO Investors

, WTS

Watts Water

$72.65

0.15 (0.21%)

13:26
11/24/17
11/24
13:26
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13:26
Hot Stocks
Breaking Hot Stocks news story on GAMCO Investors, Watts Water »

Gabelli reports 6.69%…

GBL

GAMCO Investors

WTS

Watts Water

$72.65

0.15 (0.21%)

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  • 04

    Dec

CC

Chemours

$53.31

0.45 (0.85%)

13:23
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Conference/Events
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  • 01

    Dec

$NSD

NASDAQ Market Internals

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$NYE

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AIMT

Aimmune

$35.74

0.16 (0.45%)

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  • 28

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PN

Patriot National

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CMCM

Cheetah Mobile

$12.02

-0.4 (-3.22%)

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GM

General Motors

$44.47

0.1828 (0.41%)

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EBAY

eBay

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-0.02 (-0.06%)

, OSTK

Overstock.com

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0.6 (0.99%)

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AMZN

Amazon.com

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