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LITE

Lumentum

$58.00

0.2 (0.35%)

, FNSR

Finisar

$21.80

-0.14 (-0.64%)

17:39
10/11/17
10/11
17:39
10/11/17
17:39

AlphaOne Capital Partners' Dan Niles still likes Lumentum, Finisar

AlphaOne Capital Partners' Dan Niles is still long potential Apple (AAPL) suppliers Lumentum (LITE) and Finisar (FNSR). According to multiple reports, Finisar and Lumentum are possible investmnet plays for the pick up of 3-D sensing and augmented reality. Dan Niles, spoke earlier in a CNBC telephone interview.

LITE

Lumentum

$58.00

0.2 (0.35%)

FNSR

Finisar

$21.80

-0.14 (-0.64%)

AAPL

Apple

$156.55

0.65 (0.42%)

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LITE Lumentum
$58.00

0.2 (0.35%)

10/09/17
PIPR
10/09/17
NO CHANGE
Target $68
PIPR
Overweight
Lumentum remains best way to play 3D sensing market, says Piper Jaffray
Piper Jaffray analyst Troy Jensen says Lumentum remains the best way to play the 3D sensing market after recent data points suggested demand continues to surge. Consensus estimates look too conservative for the company's VCSEL business, Jensen tells investors in a research note. He reiterates an Overweight rating on Lumentum with a $68 price target.
10/06/17
JEFF
10/06/17
NO CHANGE
Target $75
JEFF
Buy
Jefferies boosts Lumentum target to $75 on 3D sensing opportunity
After speaking to contacts and building an industry model, Jefferies analyst James Kisner believes investors may be underestimating the longer-term impact to earnings from 3D sensing, particularly for Lumentum (LITE), given its market leadership. The analyst's base case has the revenue opportunity for lasers and filters for 3D sensing ramping from $31M in 2017 to $1B in 2018 and $3.5B in 2023. Lumentum is the biggest beneficiary of 3D sensing as Finisar (FNSR) is capacity limited and Viavi's (VIAV) filters have relatively low average selling prices, Kisner tells investors in a research note. He raised his estimates for Lumentum while modestly lowering numbers for Finisar and Viavi. The analyst also boosted his price target for Lumentum to $75 from $72. Kisner has Buy ratings on all three names.
10/04/17
RSBL
10/04/17
NO CHANGE
RSBL
Lumentum mentioned positively at Rosenblatt
09/27/17
09/27/17
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. Darden (DRI) was upgraded to Buy from Hold at Maxim and to Outperform from Neutral at Baird. 2. Michael Kors (KORS) upgraded to Buy from Hold at Canaccord with analyst Camilo Lyon saying he believes the strategic steps management has recently begun implementing are showing signs of traction. 3. RBS (RBS) upgraded to Buy from Hold at Jefferies. 4. Lumentum (LITE) upgraded to Buy from Neutral at MKM Partners with analyst Michael Genovese citing valuation and his checks which lead him to believe that orders for the 3D Sensing product "rose significantly"since it reported its results on August 9. 5. Telefonica (TEF) upgraded to Buy from Hold at Berenberg. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
FNSR Finisar
$21.80

-0.14 (-0.64%)

09/08/17
MKMP
09/08/17
NO CHANGE
MKMP
Finisar catlysts just 'delayed,' not 'canceled,' says MKM Partners
After Finisar's Q2 guidance came in well below expectations, MKM Partners analyst Michael Genovese says that "all of the meaningful catalysts for the stock are delayed, but none are canceled." He says that "the most important catalyst," 3D Sensing, "is only delayed by one quarter," while two other positive catalysts - "full Verizon qualification and demand recovery in China" - "are delayed by 1-2 quarters." He trimmed his price target on the name to $31 from $33 but keeps a Buy rating on the stock.
09/08/17
NEED
09/08/17
NO CHANGE
NEED
Finisar price target lowered to $34 from $44 at Needham
Needham analyst Alex Henderson lowered his price target on Finisar after the company cut its Q3 guidance. However, he keeps a Strong Buy rating on the stock.
09/17/17
PIPR
09/17/17
NO CHANGE
Target $26
PIPR
Overweight
Finisar has catalysts to help accelerate growth, says Piper Jaffray
Piper Jaffray analyst Troy Jensen recommends investors revisit Finisar shares as he believes the optical group will likely experience accelerating growth in 2018 and believes Finisar has some company specific catalysts to help accelerate growth. The analyst believes China demand will improve by year-end and into 2018 with inventor levels being reduced and new China tenders helping grow demand. Jensen also believes Finisar will see VCSEL sales start an impressive ramp in October, coupled with initial revenues for the CFP2-ACO qualification at Cisco in the January quarter followed by ROADM line cards in the April quarter. This growth recovery coupled with lowered assumptions and valuation creates an "attractive entry point," he contends. The analyst reiterates an Overweight rating and $26 price target on the shares.
AAPL Apple
$156.55

0.65 (0.42%)

10/11/17
MSCO
10/11/17
NO CHANGE
Target $199
MSCO
Overweight
Apple target raised to $199 on higher U.S. iPhone estimates at Morgan Stanley
Morgan Stanley analyst Katy Huberty said the firm's smartphone survey conducted after Apple's September product launch showed that iPhone retention and "switcher" rates, or the percentage of non-iPhone users expected to move to an iPhone, have increased from the firm's last check in April. Given the new survey data, the firm's estimate of North American iPhone shipments was raised to 74M from 72M units and, keeping the rest of the world unchanged, that drives its global iPhone upgrade forecast to 268M units from 266M. Noting this increased forecast, along with "surprisingly bullish" Apple Watch demand revealed in the survey, Huberty raised her price target on Apple shares to $199 from $194 and keeps an Overweight rating on the stock.
10/11/17
PIPR
10/11/17
NO CHANGE
Target $196
PIPR
Overweight
Piper teen survey shows Apple remains dominant brand
Piper Jaffray analyst Michael Olson says his firm's s bi-annual teen survey shows Apple's place as the dominant device brand among teens remains intact. Of the over 6,000 teens surveyed, 78% have an iPhone, up from 76% in the spring, and 82% anticipate their next phone to be an iPhone, Olson tells investors in a research note. The Apple Watch was the top smartwatch among teens, garnering 12%, with the Samsung Gear next on the list at 2%, the analyst adds. He maintains an Overweight rating on Apple with a $196 price target.
10/10/17
CLVD
10/10/17
NO CHANGE
CLVD
Buy
Apple near-term iPhone unit estimate cut, ASPs raised at Cleveland Research
Cleveland Research lowered its iPhone unit estimate for the December quarter to 81M from 86M citing soft initial traction for the 8/8+ and limited availability of the iPhone X. The firm, which also increased its FY18 iPhone Average Selling Price estimate to $718 from $700, said it remains optimistic on Apple's margin opportunities and keeps a Buy rating on the stock.
10/10/17
COWN
10/10/17
NO CHANGE
COWN
Street estimates too low for RF stocks, says Cowen
Cowen analyst Karl Ackerman believes there may be near-term risk for Broadcom (AVGO), Qorvo (QRVO) and Skyworks (SWKS) due to potential delays in the iPhone, but he said investors are not pricing in an iPhone super-cycle. He believes the sell-side has become more bearish on the Apple (AAPL) supply chain since the iPhone launch, but he feels the Street estimates are too low. Ackerman sees a long RF content growth opportunity moving forward and believes Broadcom, Qorvo, and Skyworks are best positioned.

TODAY'S FREE FLY STORIES

JPM

JPMorgan

$97.99

0.37 (0.38%)

18:12
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VZ

Verizon

$48.65

0.25 (0.52%)

18:10
10/18/17
10/18
18:10
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Periodicals
Verizon targets spring start of delayed online TV service, Bloomberg says »

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STLD

Steel Dynamics

$36.44

0.27 (0.75%)

18:04
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Hot Stocks
Steel Dynamics CEO optimistic conditions in place to benefit FY18 consumption »

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  • 19

    Oct

CE

Celanese

$104.03

-0.24 (-0.23%)

18:03
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10/18
18:03
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18:03
Earnings
Celanese increases price for acetyls and engineered materials products »

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STLD

Steel Dynamics

$36.44

0.27 (0.75%)

18:01
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Earnings
Steel Dynamics reports Q3 ex-items EPS 66c, consensus 66c »

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  • 19

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OPTT

Ocean Power

$2.00

0.56 (38.89%)

17:59
10/18/17
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17:59
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17:59
Syndicate
Ocean Power files to sell common stock in 'best efforts' offering »

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  • 20

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TOSBF

Toshiba, also use TOSYY

$3.02

-0.03 (-0.98%)

, TOSYY

Toshiba, also use TOSBF

$18.20

-0.11 (-0.60%)

17:58
10/18/17
10/18
17:58
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17:58
Periodicals
Japan regulators probing Toshiba reporting practices for FY16/17, Nikkei says »

Japan's Securities…

TOSBF

Toshiba, also use TOSYY

$3.02

-0.03 (-0.98%)

TOSYY

Toshiba, also use TOSBF

$18.20

-0.11 (-0.60%)

03/08/13
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PNW

Pinnacle West

$87.34

-0.42 (-0.48%)

17:53
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Hot Stocks
Pinnacle West raises quarterly divided 6.1% to 69.5c per share »

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GILD

Gilead

$80.01

-0.23 (-0.29%)

17:46
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POT

Potash

$19.24

0.08 (0.42%)

, AGU

Agrium

$107.73

0.55 (0.51%)

17:37
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Hot Stocks
Potash, Agrium: India approves proposed merger of equals transaction »

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POT

Potash

$19.24

0.08 (0.42%)

AGU

Agrium

$107.73

0.55 (0.51%)

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VMI

Valmont

$160.85

1.9 (1.20%)

17:36
10/18/17
10/18
17:36
10/18/17
17:36
Earnings
Valmont lowers FY17 adjusted EPS view to $6.90-$7.04 from $7.06, consensus $7.09 »

Annual guidance was…

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  • 19

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NVO

Novo Nordisk

$50.13

0.82 (1.66%)

17:36
10/18/17
10/18
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17:36
Hot Stocks
Novo Nordisk receives positive 16-0 vote from FDA Advisory Committe »

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  • 18

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CHFS

CHF Solutions

$8.30

-0.69 (-7.68%)

17:35
10/18/17
10/18
17:35
10/18/17
17:35
Syndicate
Breaking Syndicate news story on CHF Solutions »

CHF Solutions files to…

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  • 06

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VTGN

VistaGen Therapeutics

$1.31

0.04 (3.15%)

17:33
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17:33
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Syndicate
Breaking Syndicate news story on VistaGen Therapeutics »

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LLNW

Limelight Networks

$4.48

0.12 (2.75%)

, URI

United Rentals

$144.32

0.98 (0.68%)

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LLNW

Limelight Networks

$4.48

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URI

United Rentals

$144.32

0.98 (0.68%)

KMI

Kinder Morgan

$18.58

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ADBE

Adobe

$153.00

2.62 (1.74%)

CNAT

Conatus

$5.15

0.05 (0.98%)

EBAY

eBay

$37.97

0.48 (1.28%)

HXL

Hexcel

$58.94

0.39 (0.67%)

CCI

Crown Castle

$100.96

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ESTE

Earthstone Energy

$10.54

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PEGI

Pattern Energy

RXDX

Ignyta

$16.25

1.9 (13.24%)

HCA

HCA Healthcare

$77.45

0.63 (0.82%)

KLAC

KLA-Tencor

$108.09

0.08 (0.07%)

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VMI

Valmont

$160.85

1.9 (1.20%)

17:31
10/18/17
10/18
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Earnings
Valmont reports Q3 adjusted EPS $1.56, consensus $1.61 »

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  • 19

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AGEN

Agenus

$4.71

0.04 (0.86%)

17:31
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Syndicate
Breaking Syndicate news story on Agenus »

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  • 24

    Oct

PEGI

Pattern Energy

17:31
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Pattern Energy sees Q3 operating loss greater than Q316 »

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  • 19

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GE

General Electric

$23.12

-0.07 (-0.30%)

17:25
10/18/17
10/18
17:25
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17:25
Periodicals
General Electric CEO cutting expenses, employees, WSJ reports »

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  • 20

    Oct

UNB

Union Bankshares

$47.10

-0.8 (-1.67%)

17:20
10/18/17
10/18
17:20
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Hot Stocks
Union Bankshares sees Q418 charge of $3.2M on plan termination »

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OIS

Oil States

$23.75

-0.2 (-0.84%)

17:19
10/18/17
10/18
17:19
10/18/17
17:19
Earnings
Oil States lowers Q3 revenue view to $164M from $165M-$185M, consensus $177.77M »

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  • 27

    Oct

AXP

American Express

$92.08

0.39 (0.43%)

17:18
10/18/17
10/18
17:18
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17:18
Hot Stocks
American Express says on track to cut $1B in costs by end of the year »

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  • 08

    Nov

OIS

Oil States

$23.75

-0.2 (-0.84%)

17:16
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10/18
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17:16
Hot Stocks
Breaking Hot Stocks news story on Oil States »

Oil States lowers Q3…

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  • 27

    Oct

AXP

American Express

$92.08

0.39 (0.43%)

17:08
10/18/17
10/18
17:08
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17:08
Hot Stocks
American Express says 'right time' for leadership transition »

Comments taken from Q3…

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  • 08

    Nov

APRN

Blue Apron

$5.30

-0.08 (-1.49%)

17:06
10/18/17
10/18
17:06
10/18/17
17:06
Hot Stocks
Blue Apron to cut roughly 6% of total workforce, inclur roughly $3.5M in expense »

Blue Apron said in a…

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  • 02

    Nov

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