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FEYE

FireEye

$14.09

0.19 (1.37%)

, NTNX

Nutanix

$35.99

0.93 (2.65%)

04:55
12/12/17
12/12
04:55
12/12/17
04:55

FBN Securities to hold a tour

13th Semi-Annual Silicon Valley Technology Bus Tour travels throughout the Silicon Valley on December 7-8 and picks up on December 11-12

FEYE

FireEye

$14.09

0.19 (1.37%)

NTNX

Nutanix

$35.99

0.93 (2.65%)

CHKP

Check Point

$105.85

1.07 (1.02%)

TWTR

Twitter

$22.05

0.95 (4.50%)

ZEN

Zendesk

$34.00

0.29 (0.86%)

  • 12

    Dec

  • 17

    Jan

  • 07

    Feb

FEYE FireEye
$14.09

0.19 (1.37%)

11/02/17
11/02/17
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. Yelp (YELP) upgraded to Outperform from Sector Perform at RBC Capital with analyst Mark Mahaney saying the 5% after-market decline on lower fourth quarter outlook is not warranted since it is driven entirely by the Eat24 sale. 2. Domino's Pizza (DPZ) upgraded to Buy from Hold at Maxim with analyst Stephen Anderson saying that despite the 15% pullback in stock price, the company's fundamental trends remain solid. 3. U.S. Steel (X) upgraded to Market Perform from Underperform at Cowen with analyst Novid Rassouli telling investors the company's revitalization program has improved cost performance and driven stable financial results for two consecutive quarters. 4. FireEye (FEYE) upgraded to Buy from Neutral at Dougherty with analyst Catharine Trebnick saying FireEye reproted solid third quarter results across key financial metrics beating her estimates on sales execution, strong NX appliance refresh/renewals, endpoint sales and Mandiant services. 5. Newpark Resources (NR) upgraded to Buy from Hold at SunTrust with analyst Ken Sill saying the latest quarter did not show a hurricane related boost to mat rentals as the market expected, which should result in subsequent quarters growing from a higher base established in Q3 as well as an accretive acquisition announced this week. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/21/17
BMOC
11/21/17
NO CHANGE
Target $170
BMOC
Market Perform
Palo Alto Networks price target raised to $170 from $160 at BMO Capital
BMO Capital analyst Keith Bachman raised his price target on Palo Alto Networks (PANW) to $170 after Q2 earnings that showed above-peer 14% product revenue growth. Bachman says the better than expected results were due to a "broadening revenue portfolio, improved go-to-market execution, and product upgrade cycle". The analyst keeps his Market Perform rating on Palo Alto, saying the results may not lessen investors' uncertainty around the durable growth rates in perimeter defense in the wake of weak results/guidance from CheckPoint (CHKP), Fortinet (FTNT), and FireEye (FEYE).
11/02/17
WBLR
11/02/17
NO CHANGE
WBLR
Outperform
FireEye billings outlook could bring buying opportunity, says William Blair
William Blair analyst Jonathan Ho says FireEye's lowered full-year billings outlook, based purely on a reduction in expectation around the duration of billings, should create a buying opportunity. The analyst recommends buying the shares given the "relatively strong results and unchanged medium- to long-term opportunity." He keeps an Outperform rating on FireEye.
11/02/17
11/02/17
UPGRADE

Buy
FireEye upgraded to Buy at Dougherty
As previously reported, Dougherty upgraded FireEye to Buy from Neutral. Analyst Catharine Trebnick said FireEye reproted solid Q3 results across key financial metrics beating her estimates on sales execution, strong NX appliance refresh/renewals, endpoint sales and Mandiant services. The analyst said Q4 outlook was generally inline but FY17 billings were lower-than-expected based on shorter contract duration on a few large subscription services orders. Trebnick would be buyers of FireEye on weakness based on new product traction, a simplified product message/pricing, and data indicated the company's growth and profitability goals are achievable.
NTNX Nutanix
$35.99

0.93 (2.65%)

12/01/17
PIPR
12/01/17
NO CHANGE
Target $40
PIPR
Overweight
Nutanix price target raised to $40 from $28 at Piper Jaffray
Piper Jaffray analyst Andrew Nowinski raised his price target for Nutanix to $40 saying the company's transition to a software model highlighted its "solid" Q1 results. The transition will result in "significant" gross and operating margin expansion, and should ultimately drive a "re-rating of the multiple," Nowinski tells investors in a research note. He reiterates an Overweight rating on Nutanix.
11/29/17
BARD
11/29/17
NO CHANGE
Target $41
BARD
Outperform
Nutanix price target raised to $41 from $31 at Baird
Baird analyst Jayson Noland raised his price target on Nutanix to $41 from $31 ahead of tomorrow's Q1 report. The analyst said despite its recent share appreciation, the stock still has room to run. He sees multiple expansion as the company shifts to software-only sales. Noland reiterated his Outperform rating on Nutanix.
12/01/17
OPCO
12/01/17
NO CHANGE
Target $40
OPCO
Outperform
Nutanix price target raised to $40 from $34 at Oppenheimer
Oppenheimer analyst Ittai Kidron raised his price target for Nutanix to $40 saying the company last night reported another strong quarter ahead of expectations. The "clear highlight" was management's commitment to a software-focused model going forward, Kidron tells investors in a post-earnings research note. The analyst us bullish on the transition and looks forward to a "large gross margin boost over time." He maintains an Outperform rating on Nutanix.
12/01/17
MAXM
12/01/17
NO CHANGE
Target $51
MAXM
Buy
Nutanix price target raised to $51 from $39 at Maxim
Maxim analyst Nehal Chokshi raised his price target on Nutanix to $51 and kept his Buy rating after yesterday's earnings beat. Chokshi says the company's latest guidance removes hardware related revenue from his models, improving the sales productivity metric from 32% to 39% in FY19.
CHKP Check Point
$105.85

1.07 (1.02%)

11/01/17
11/01/17
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. General Motors (GM) downgraded to Neutral from Buy at Nomura Instinet with analyst Anindya Das citing "limited scope" for raising his estimates much higher given the competitive landscape in the North American market. 2. Under Armour (UAA, UA) was downgraded to Hold from Buy at SunTrust and to Sell from Hold at Canaccord. 3. Alaska Air (ALK) and JetBlue (JBLU) were downgraded to Neutral from Overweight at JPMorgan, while United Continental (UAL) and Spirit Airlines (SAVE) were downgraded to Underweight from Neutral. 4. Check Point (CHKP) was downgraded to Equal Weight from Overweight at Stephens, to Neutral from Buy at BTIG, and to Market Perform from Outperform at Cowen. 5. Goodyear Tire (GT) downgraded to Neutral from Buy at Guggenheim with analyst Emmanuel Rosner saying he sees additional downside at current levels due to concerns "deep share losses and margin erosion" could continue given the increasingly competitive tire 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.
11/14/17
DBAB
11/14/17
NO CHANGE
DBAB
Deutsche cautious on firewall demand after field work
Deutsche Bank analysts Karl Keirstead and Gray Powell are "incrementally more cautious" on Check Point (CHKP), Fortinet (FTNT) and Palo Alto Networks (PANW) after doing some field work in the network security space. The consensus view of resellers was that traditional firewall demand is "stable at best, and more likely weakening," the analysts tell investors in a research note. The channel work suggests the disappointing Q4 guidance from Check Point and Fortinet may not be company-specific, and raise the risk level for Palo Alto's earnings report next week, they contend. Keirstead and Powell do not see any significant signs of recovery in product revenue growth at the main network security vendors in the first half of 2018. They add that their channel work is positive for email security and Proofpoint (PFPT).
11/20/17
JPMS
11/20/17
NO CHANGE
JPMS
Overweight
Palo Alto quarter positive for Check Point, Fortinet, says JPMorgan
JPMorgan analyst Sterling Auty says Palo Alto Networks' (PANW) October quarter beat and guidance raise, despite showing market share gains, is good for the overall network security market, specifically Check Point Software (CKHP) and Fortinet (FTNT). The results prove investor concerns over the shift to the cloud have been overdone, Auty tells investors in a research note. In after-hours trading, Palo Alto is trading up 7% to $152.20 while Fortinet is up 23c to $41.00.
TWTR Twitter
$22.05

0.95 (4.50%)

12/05/17
EVER
12/05/17
INITIATION
Target $21
EVER
In Line
Twitter initiated with an In Line at Evercore ISI
As reported earlier, Evercore ISI analyst Anthony DiClemente initiated Twitter with an In Line rating and a price target of $21. DiClemente notes that the stock already accounts for recovery in valuation, pricing in both a rebound in revenue growth and margin improvement. The analyst also states that there is no reason for Monthly Active User metric to accelerate its growth, though the average revenue per user potential is enhanced by the platforms's indexing. DiClemente further says that lower advertising pricing has started to attract attention, while video supports monetization efforts.
12/05/17
EVER
12/05/17
INITIATION
Target $21
EVER
In Line
Twitter initiated with an In Line at Evercore ISI
Evercore ISI analyst initiated Twitter with an In Line and $21 price target.
11/30/17
MKMP
11/30/17
NO CHANGE
Target $21.5
MKMP
Neutral
Twitter price target raised to $21.50 from $18 at MKM Partners
MKM Partners analyst Rob Sanderson raised his price target on Twitter to $21.50 based on his new 2019 estimates. Sanderson says that while the company shows signs of a turnaround, valuation already reflects the expected return of mid-teens growth or higher. The analyst keeps his Neutral rating, noting that his 14-times multiple on 2019 EBITDA estimate is a "generous valuation" that recognizes the "uniqueness of the Twitter network" and the ongoing efforts by management to execute a "difficult turnaround".
12/11/17
RHCO
12/11/17
UPGRADE
Target $58
RHCO
Buy
Trade Desk upgraded to Buy at SunTrust on post-Q3 stock pullback
As noted earlier, SunTrust analyst Youssef Squali upgraded Trade Desk (TTD) to Buy from Hold and kept his $58 price target after a 30% pullback in the stock price following Q3 earnings. Squali cites a reset of risk-reward profile for Q4 based on the current valuation and 20% short interest, the benefits of the new Twitter (TWTR) partnership announced last week, and "under-appreciated" benefits from the anticipated tax reform legislation.
ZEN Zendesk
$34.00

0.29 (0.86%)

10/09/17
SPHN
10/09/17
DOWNGRADE
Target $25
SPHN
Underweight
Zendesk downgraded to Underweight from Equal Weight at Stephens
Stephens analyst Samad Samana downgraded Zendesk to Underweight from Equal Weight, citing concerns that sales productivity and enterprise traction will not ramp as quickly as anticipated, putting the company's growth at risk. Samana keeps a $25 price target on Zendesk shares.
10/12/17
PIPR
10/12/17
NO CHANGE
Target $35
PIPR
Overweight
Zendesk checks suggest Q3 better than expected, says Piper Jaffray
Piper Jaffray analyst Alex Zukin says his channel checks Zendesk suggest that the company's re-focused efforts on the medium-sized business are paying off with close rates exceeding expectations. Conversations indicate the company saw an uptick in average deal sizes in the enterprise segment and that the velocity business was also strong, Zukin tells investors in a research note titled "3Q Checks Suggest 'It's Clobberin' Time'; Raising PT to $35." The analyst, who says he's a "strong" buyer at current share levels, raised his price target for the stock to $35 from $33 and keeps an Overweight rating on Zendesk.
11/02/17
WELS
11/02/17
NO CHANGE
Target $40
WELS
Outperform
Zendesk price target raised to $40 from $32 at Wells Fargo
Wells Fargo analyst Phil Winslow raised his price target for Zendesk to $40 from $32 following quarterly results. The analyst reiterates an Outperform rating on the shares.
11/09/17
UBSW
11/09/17
DOWNGRADE
Target $37
UBSW
Neutral
Zendesk assumed with a Neutral from Buy at UBS
UBS analyst Jennifer Swanson Lowe downgraded Zendesk to Neutral with a $37 price target after assuming coverage of the name. The analyst sees the shares as range-bound until the company can demonstrate growing momentum in the Enterprise.

TODAY'S FREE FLY STORIES

MSI

Motorola Solutions

$129.97

0.72 (0.56%)

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PCG

PG&E

$24.39

6.62 (37.25%)

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ABX

Barrick Gold

$13.04

0.05 (0.38%)

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WTR

Aqua America

$33.05

0.165 (0.50%)

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XLRE

Real Estate SPDR

$33.45

0.445 (1.35%)

, XLB

S&P Select Materials SPDR

$55.23

0.53 (0.97%)

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General news
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$54.86

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XLI

Industrial Select Sector SPDR

$72.00

(0.00%)

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Health Care Select Sector SPDR

$92.05

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Financial Select Sector

$26.78

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Consumer Staples Sector SPDR

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Communication Services Select Sector SPDR Fund

$44.88

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Technology Select Sector SPDR

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Consumer Discretionary Sector SPDR

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GLD

SPDR Gold Shares

$115.56

0.82 (0.71%)

SLV

iShares Silver Trust

$13.55

0.115 (0.86%)

USO

United States Oil Fund

$12.07

0.08 (0.67%)

UNG

United States Natural Gas Fund

$35.43

3.63 (11.42%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$83.24

-0.27 (-0.32%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$111.73

0.23 (0.21%)

TLT

iShares 20+ Year Treasury Bond Fund

$114.65

0.61 (0.53%)

IEF

iShares 7-10 Year Treasury Bond ETF

$101.13

0.3 (0.30%)

SHY

iShares 1-3 Year Treasury Bond

$83.13

0.08 (0.10%)

03/08/13
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AQST

Aquestive Therapeutics

$17.02

0.23 (1.37%)

17:36
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DAKT

Daktronics

$7.67

0.07 (0.92%)

17:35
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  • 21

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TI

Telecom Italia

$6.02

0.12 (2.03%)

17:33
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Gubitosi viewed as frontrunner for Telecom Italia CEO job, Reuters says »

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MAXR

Maxar Technologies

$18.77

-0.59 (-3.05%)

17:30
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PLUG

Plug Power

$1.83

(0.00%)

17:28
11/16/18
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Syndicate
Breaking Syndicate news story on Plug Power »

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GSB

GlobalSCAPE

$4.55

-0.02 (-0.44%)

17:22
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Syndicate
Breaking Syndicate news story on GlobalSCAPE »

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EQIX

Equinix

$388.18

2.67 (0.69%)

17:19
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Equinix's Lee sells 2,792 common shares »

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LMT

Lockheed Martin

$301.06

-4.42 (-1.45%)

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TLGT

Teligent

$2.56

0.045 (1.79%)

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STAF

Staffing 360 Solutions

$1.82

0.07 (4.00%)

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  • 19

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IMMR

Immersion

$9.56

-0.14 (-1.44%)

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ATNX

Athenex

$11.95

0.74 (6.60%)

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  • 27

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TSRO

Tesaro

$34.96

8.39 (31.58%)

17:08
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  • 03

    Dec

EEI

Ecology & Environment

$10.50

-2 (-16.00%)

17:05
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AEE

Ameren

$69.29

0.01 (0.01%)

16:58
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Ameren exec Nelson sells $690,000 worth of common shares »

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EQS

Equus II Inc

$1.86

(0.00%)

16:56
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Equus II Inc reports net assets of $46.6M as of September 30 »

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VAPO

Vapotherm

$17.10

-0.42 (-2.40%)

16:56
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Hot Stocks
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  • 14

    Nov

COTY

Coty

$9.09

0.39 (4.48%)

16:55
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11/16
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16:55
Hot Stocks
Coty CEO acquires 2.3M common shares »

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  • 03

    Mar

NVS

Novartis

$87.74

0.52 (0.60%)

16:54
11/16/18
11/16
16:54
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16:54
Upgrade
Novartis rating change at Goldman Sachs »

Novartis upgraded to…

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  • 02

    Dec

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    Dec

VIAB

Viacom

$33.00

1.13 (3.55%)

16:52
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11/16
16:52
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16:52
Syndicate
Breaking Syndicate news story on Viacom »

Viacom files automatic…

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  • 16

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