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WDC

Western Digital

$88.78

1.4 (1.60%)

08:22
09/13/17
09/13
08:22
09/13/17
08:22

iPhone 64GB starting point a 'pleasant surprise' for NAND makers, says Longbow

Longbow analyst Joe Wittine said many had expected a 32GB starting point for the memory in the new iPhones, consistent with the 7/7+, calling the new 64GB starting point for the iPhone 8/8+ a "pleasant surprise" for companies in the NAND supply chain. Rising NAND consumption could help smooth the eventual downside of the cycle for Western Digital, helping it maintain greater than 40% gross margins for longer, added the analyst. Wittine keeps a Buy rating and $120 price target on Western Digital shares.

WDC Western Digital
$88.78

1.4 (1.60%)

09/12/17
RBCM
09/12/17
NO CHANGE
RBCM
Western Digital likely to hold minority stake in Toshiba, says RBC Capital
After Japanese newspaper Nikkan reported that a consortium which includes Western Digital (WDC) would buy Toshiba's (TOSBF) memory assets, RBC Capital analyst Amit Daryanani says that Western Digital will likely hold a minority stake in the assets, given anti-trust concerns. The analyst estimates that a 12%-13% stake would boost Western Digital's EPS by 25c-30c in 2018. Daryanani believes that the deal will be positive for the company as it will enable it to secure NAND bit capacity, prevent Foxconn/SK Hynix from getting the asset, and could boost its profits. He keeps a $115 price target and an Outperform rating on the stock.
09/11/17
JEFF
09/11/17
DOWNGRADE
JEFF
Hold
Seagate downgraded to Hold from Buy at Jefferies
Jefferies analyst James Kisner downgraded Seagate Technology (STX) to Hold after his channel checks indicated the company may still be struggling with the ramp of its 10TB helium drives. The analyst is also hearing about about potential increased price competition in nearline. He cut his price target for Seagate shares to $29 from $40. Kisner maintains a Hold rating on Seagate peer Western Digital (WDC).
08/30/17
MAXM
08/30/17
NO CHANGE
Target $108
MAXM
Buy
Western Digital deal to buy Tegile another 'bold' move, says Maxim
Maxim analyst Nehal Chokshi said he has viewed Tegile as a leader in the hybrid storage array market since 2013 and he views Western Digital's deal to buy the company favorably. He thinks Western Digital will need to continue to build out its enterprise sales and marketing capability, which he estimates will require an incremental $0.5B investment over a 3-4 year period, but if the company does that he believes it will be able to successfully compete in the evolving IT systems market. Chokshi reiterates his Buy rating and $108 price target on Western Digital shares.
08/23/17
COWN
08/23/17
NO CHANGE
Target $117
COWN
Outperform
Western Digital deal with Toshiba would eliminate overhang, says Cowen
Cowen analyst Karl Ackerman said a deal between Western Digital (WDC) and Toshiba (TOSBF) could be voted on by the end of August, which would remove an overhang on Western Digital shares. The analyst sees a deal being accretive through calendar year 2019 and also believes it would eliminate risks surrounding IP leakage and NAND technology leadership. Ackerman reiterated his Outperform rating and $117 price target on Western Digital shares.

TODAY'S FREE FLY STORIES

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The Michigan sentiment drop to a 6-month low of 94.4 »

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AMZN

Amazon.com

$1,293.32

-1.68 (-0.13%)

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URG

UR-Energy

$0.72

-0.0279 (-3.72%)

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UR-Energy to hold a conference call »

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BDX

Becton Dickinson

$233.54

1.42 (0.61%)

, ATHN

athenahealth

$125.53

-0.65 (-0.52%)

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BDX

Becton Dickinson

$233.54

1.42 (0.61%)

ATHN

athenahealth

$125.53

-0.65 (-0.52%)

CRBP

Corbus Pharmaceuticals

$7.95

-0.25 (-3.05%)

TTD

Trade Desk

$48.36

-1.12 (-2.26%)

IPCI

Intellipharmaceutics

$0.80

-0.02 (-2.44%)

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Z

Zillow

$43.97

-0.57 (-1.28%)

, ZG

Zillow

$43.86

-0.49 (-1.10%)

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Z

Zillow

$43.97

-0.57 (-1.28%)

ZG

Zillow

$43.86

-0.49 (-1.10%)

BLMN

Bloomin' Brands

$21.96

0.02 (0.09%)

PH

Parker-Hannifin

$210.94

0.4 (0.19%)

MKC

McCormick

$100.10

-2.81 (-2.73%)

WNS

WNS Holdings

$44.30

-0.98 (-2.16%)

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NKE

Nike

$66.12

2.0086 (3.13%)

, ANF

Abercrombie & Fitch

$19.45

0.5 (2.64%)

10:24
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NKE

Nike

$66.12

2.0086 (3.13%)

ANF

Abercrombie & Fitch

$19.45

0.5 (2.64%)

CMG

Chipotle

$338.74

1.21 (0.36%)

FL

Foot Locker

$49.49

0.8999 (1.85%)

PM

Philip Morris

$107.12

2.05 (1.95%)

MO

Altria Group

$71.38

1.35 (1.93%)

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  • 24

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ADT

ADT Inc.

, APO

Apollo Global

$34.07

-1.005 (-2.87%)

10:22
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Syndicate
Breaking Syndicate news story on ADT Inc., Apollo Global »

ADT Inc. opens at $12.65,…

ADT

ADT Inc.

APO

Apollo Global

$34.07

-1.005 (-2.87%)

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  • 01

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NSPR

InspireMD

$0.17

-0.0019 (-1.11%)

10:21
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10:21
Hot Stocks
InspireMD reports independent publication highlighting advantages of CGuard EPS »

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ODP

Office Depot

$3.51

0.01 (0.29%)

10:20
01/19/18
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10:20
Options
Defensive option play in Office Depot »

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10:20
01/19/18
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General news
Treasury Action: yields paused at highs after surging »

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10:18
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Conference/Events
RBC Capital technology analysts hold an analyst/industry conference call »

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$NSD

NASDAQ Market Internals

10:17
01/19/18
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10:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

10:16
01/19/18
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Technical Analysis
NYSE market internals summary »

Volume is above average…

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10:15
01/19/18
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10:15
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General news
FX Action: The dollar »

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FAZ

Direxion Financial Bear 3x

$10.45

-0.1438 (-1.36%)

10:10
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Options
Direxion Daily Financial Bear 3X Shares draws a notable option block »

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NINE

Nine Energy Services

10:09
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Syndicate
Breaking Syndicate news story on Nine Energy Services »

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  • 19

    Jan

COLD

Americold Realty Trust

10:09
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Breaking Syndicate news story on Americold Realty Trust »

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  • 19

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QRVO

Qorvo

$68.76

-1.92 (-2.72%)

10:05
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Technical Analysis
Technical Take: Qorvo drops, levels to watch »

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10:04
01/19/18
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General news
Potential government shutdown not doing much to rattle market »

Stock futures were a bit…

ADT

ADT Inc.

, APO

Apollo Global

$34.37

-0.7 (-2.00%)

10:03
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10:03
Syndicate
ADT Inc. IPO indicated to open at $12.75-$13.00 on 5M shares »

ADT Inc. priced 105M…

ADT

ADT Inc.

APO

Apollo Global

$34.37

-0.7 (-2.00%)

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TCON

TRACON Pharmaceuticals

$3.05

0.05 (1.67%)

10:02
01/19/18
01/19
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10:02
Hot Stocks
TRACON reports partial responses by Recist 1.1 in 25% of patients in study »

TRACON Pharmaceuticals…

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10:01
01/19/18
01/19
10:01
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10:01
General news
Consumer Sentiment Index data reported »

Consumer Sentiment Index…

AXP

American Express

$97.92

-1.945 (-1.95%)

10:00
01/19/18
01/19
10:00
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10:00
Options
American Express call buyers on early weakness in shares »

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NWL

Newell Brands

10:00
01/19/18
01/19
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Options
Notable put buying in Newell Brands »

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10:00
01/19/18
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10:00
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10:00
General news
Treasury announced a $25 M 6-day cash management bill »

Treasury announced a $25…

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