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LITE

Lumentum

$51.75

-1.75 (-3.27%)

, FNSR

Finisar

$19.30

-0.51 (-2.57%)

11:09
12/13/17
12/13
11:09
12/13/17
11:09

Apple's investment in Finisar's new fab a neutral for Lumentum, says Rosenblatt

Rosenblatt analyst Jun Zhang said Apple's (AAPL) investment in Finisar's (FNSR) new fab is a neutral for Lumentum (LITE). Zhang said Finisar might not be able to supply the Android market as it sold all its potential capacity to Apple, reducing competition for Lumentum in that market. Further, the fab will take several quarters to prepare while the competitive landscape is not likely to change in 2018-2019, leaving Lumentum as the primary supplier to Apple, the analyst wrote.

LITE

Lumentum

$51.75

-1.75 (-3.27%)

FNSR

Finisar

$19.30

-0.51 (-2.57%)

AAPL

Apple

$171.70

-0.97 (-0.56%)

LITE Lumentum
$51.75

-1.75 (-3.27%)

12/11/17
RSBL
12/11/17
NO CHANGE
Target $75
RSBL
Buy
Lumentum's shipments could triple in China, says Rosenblatt
Rosenblatt analyst Jun Zhang's research indicates Lumentum's shipments of high and low modules into Chinese OEMs could triple in 2018, offsetting CFP2 declines. Zhang said the ROADM ramp could deliver improved margins which could be incremental to US ROADM growth. Further, the analyst believes VCSEL laser competitors are behind Lumentum in terms of yield rate and quality and expects the company to hold its leading position at Apple when Apple (AAPL) books VCSEL laser capacity for 2018-19 over the next 2-3 months. Zhang rates Lumentum a Buy with a $75 price target.
12/11/17
NORL
12/11/17
UPGRADE
Target $58
NORL
Outperform
Lumentum upgraded to Outperform on valuation, VCSEL leadership at Northland
As previously reported, Northland analyst Tim Savageaux upgraded Lumentum to Outperform from Market Perform and raised his price target to $58 citing the recent pullback in shares and the company's strengthening leadership in 3DS VCSELs.
12/13/17
PIPR
12/13/17
NO CHANGE
Target $28
PIPR
Overweight
Finisar price target raised to $28 after Apple award at Piper Jaffray
Piper Jaffray analyst Troy Jensen raised his price target on Finisar (FNSR) to $28 from $22 after the company was awarded a $390M investment from Apple (AAPL) to scale VCSEL capacity, saying that he believes the deal solidifies a long-term relationship between the companies. Jensen has previously assumed Finisar only had 25% of the high-powered VCSEL for the iPhone X and Lumentum (LITE) had 75% of the high-power and 100% of the low-power VCSEL, but he now believes Finisar could capture significantly more share than previously expected, he tells investors.
12/13/17
RSBL
12/13/17
NO CHANGE
RSBL
Lumentum weakness a buying opportunity, says Rosenblatt
FNSR Finisar
$19.30

-0.51 (-2.57%)

12/08/17
PIPR
12/08/17
NO CHANGE
Target $22
PIPR
Overweight
Finisar price target lowered to $22 from $26 at Piper Jaffray
Piper Jaffray analyst Troy Jensen lowered his price target for Finisar to $22 saying the company reported mixed October quarter results, with revenues modestly above recently lowered consensus and earnings well below expectations. The analyst likes the setup for Finisar as he expects a "modest" recovery in China, traction with ACO design wins and a meaningful ramp in 3D sensing sales in 2018. He believes the current risk/reward looks attractive and reiterates an Overweight rating on the shares.
12/08/17
CHLM
12/08/17
NO CHANGE
Target $24
CHLM
Buy
Finisar gross margins likely near bottom, says Craig-Hallum
Craig-Hallum analyst Richard Shannon said it could be "a couple more quarters" before Finisar (FNSR) is able to report both meaningful sales and gross margin improvement together. However, he notes that the company is currently guiding its gross margins near levels where they'd previously bottomed twice over the past six years, which indicates to him they may be near a bottom again. Shannon said he is encouraged by the company's apparent 3D sensor qualification, which he believes to be at Apple (AAPL), and maintains a Buy rating on Finisar shares, though he trimmed his price target to $24 from $25.
12/13/17
STFL
12/13/17
NO CHANGE
Target $26
STFL
Buy
Finisar price target raised to $26 after Apple award at Stifel
Stifel analyst Patrick Newton raised his price target for Finisar (FNSR) to $26 from $22 after the company announced it will receive $390M from Apple's (AAPL) Advanced Manufacturing Fund for building out its VCSEL production capabilities at its recently purchased Sherman facility. The analyst sees this as a win, and notes it further legitimizes 3D Sensing technology, eliminating any investor concern that Apple may revert to finger print sensors in the future as some data on iPhone X sell through has lagged expectations. He reiterates a Buy rating on Finisar's shares.
AAPL Apple
$171.70

-0.97 (-0.56%)

12/13/17
SBSH
12/13/17
NO CHANGE
Target $200
SBSH
Buy
Citi lists reasons to own Apple despite 48% year-to-date rally
Citi analyst Jim Suva sees five reasons Apple shares can trade higher in 2018 despite the 48% year-to-date rally in 2017. He reiterates a Buy rating on the stock with a $200 price target. The iPhone maker closed yesterday down 97c to $171.70. The "super upgrade cycle" will continue in 2018 as iPhone production issues have resulted in elongated lead times versus prior cycles, Suva tells investors in a research note. This is his number one reason for the stock moving higher next year. The remaining four are tax reform, continued Services revenue growth from a "sticky" user base, more spending from enterprises growth and an "attractive" valuation with Apple trading at a 20% discount to the S&P 500.

TODAY'S FREE FLY STORIES

KORS

Michael Kors

$68.63

0.25 (0.37%)

, LULU

Lululemon

$106.18

-0.19 (-0.18%)

11:07
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KORS

Michael Kors

$68.63

0.25 (0.37%)

LULU

Lululemon

$106.18

-0.19 (-0.18%)

GME

GameStop

$12.64

-0.1 (-0.78%)

DLTR

Dollar Tree

$95.23

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KHC

Kraft Heinz

$57.78

0.72 (1.26%)

, QCOM

Qualcomm

$59.95

0.85 (1.44%)

10:58
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KHC

Kraft Heinz

$57.78

0.72 (1.26%)

QCOM

Qualcomm

$59.95

0.85 (1.44%)

MRK

Merck

$59.08

-0.03 (-0.05%)

TGT

Target

$71.22

0.28 (0.39%)

OMC

Omnicom

$71.98

-0.1 (-0.14%)

CCL

Carnival

$64.27

0.12 (0.19%)

JNJ

Johnson & Johnson

$121.40

0.06 (0.05%)

MMM

3M

$198.98

-0.38 (-0.19%)

LLY

Eli Lilly

$82.75

0.05 (0.06%)

VLO

Valero

$118.81

-3.06 (-2.51%)

EMR

Emerson

$72.50

-0.77 (-1.05%)

WBA

Walgreens Boots Alliance

$63.52

0.09 (0.14%)

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MU

Micron

$61.33

-0.15 (-0.24%)

10:48
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Periodicals
Micron can solve low valuation, Barron's says »

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ATUS

Altice USA

$18.50

-0.05 (-0.27%)

10:40
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10:40
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Altice's spinoff could be winning bet, Barron's says »

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MU

Micron

$61.33

-0.15 (-0.24%)

, XLNX

Xilinx

$69.63

0.88 (1.28%)

10:35
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Periodicals
AI revolution just getting started, Barron's says »

Artificial Intelligence…

MU

Micron

$61.33

-0.15 (-0.24%)

XLNX

Xilinx

$69.63

0.88 (1.28%)

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ZTCOY

ZTE Corp.

$0.00

(0.00%)

, DDAIF

Daimler AG

$0.00

(0.00%)

08:08
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Hot Stocks
Week in review: How Trump's policies moved stocks »

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ZTCOY

ZTE Corp.

$0.00

(0.00%)

DDAIF

Daimler AG

$0.00

(0.00%)

FCAU

Fiat Chrysler

$21.82

-0.445 (-2.00%)

HMC

Honda

$32.04

-0.34 (-1.05%)

NSANY

Nissan

$0.00

(0.00%)

F

Ford

$11.51

-0.11 (-0.95%)

GM

General Motors

$38.30

-0.09 (-0.23%)

TM

Toyota

$129.97

-2.47 (-1.87%)

VLKAY

Volkswagen

$0.00

(0.00%)

BAC

Bank of America

$30.16

-0.03 (-0.10%)

C

Citi

$68.42

-0.86 (-1.24%)

GS

Goldman Sachs

$235.05

-1.1 (-0.47%)

JPM

JPMorgan

$110.62

-0.64 (-0.58%)

MS

Morgan Stanley

$53.02

-0.96 (-1.78%)

USB

U.S. Bancorp

$50.54

-0.14 (-0.28%)

WFC

Wells Fargo

$54.91

0.25 (0.46%)

TWTR

Twitter

$33.64

0.11 (0.33%)

AA

Alcoa

$47.92

-1.26 (-2.56%)

CENX

Century Aluminum

$16.27

-0.07 (-0.43%)

AOBC

American Outdoor Brands

$12.53

0.05 (0.40%)

RGR

Sturm, Ruger

$63.10

0.5 (0.80%)

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HCLP

Hi-Crush Partners

$13.20

-0.825 (-5.88%)

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Hi-Crush Partners provides update on bulldozer incident in Whitehall facility »

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POST

Post Holdings

$77.98

1.49 (1.95%)

17:37
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Post Holdings reports fire in Michael Foods' plant in Pennsylvania »

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ABMD

Abiomed

$394.49

0.04 (0.01%)

, WYN

Wyndham

$107.98

-0.58 (-0.53%)

17:34
05/25/18
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17:34
Hot Stocks
Abiomed to enter S&P 500 index on May 31 »

S&P MidCap 400…

ABMD

Abiomed

$394.49

0.04 (0.01%)

WYN

Wyndham

$107.98

-0.58 (-0.53%)

MSCC

Microsemi

$68.74

0.005 (0.01%)

PRAH

PRA Health

$81.19

0.33 (0.41%)

GME

GameStop

$12.64

-0.1 (-0.78%)

FRED

Fred's

$1.69

0.05 (3.05%)

PRSP

Symbol now PB

$0.00

(0.00%)

RRTS

Roadrunner

$2.19

0.04 (1.86%)

DXC

DXC Technology

$94.20

-5.42 (-5.44%)

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PRAH

PRA Health

$81.19

0.33 (0.41%)

, ABMD

Abiomed

$394.49

0.04 (0.01%)

17:24
05/25/18
05/25
17:24
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17:24
Hot Stocks
Breaking Hot Stocks news story on PRA Health, Abiomed »

PRA Health to replace…

PRAH

PRA Health

$81.19

0.33 (0.41%)

ABMD

Abiomed

$394.49

0.04 (0.01%)

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WYN

Wyndham

$107.98

-0.58 (-0.53%)

, MSCC

Microsemi

$68.74

0.005 (0.01%)

17:23
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Hot Stocks
Breaking Hot Stocks news story on Wyndham, Microsemi »

Wyndham to replace…

WYN

Wyndham

$107.98

-0.58 (-0.53%)

MSCC

Microsemi

$68.74

0.005 (0.01%)

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ABMD

Abiomed

$394.49

0.04 (0.01%)

, WYN

Wyndham

$107.98

-0.58 (-0.53%)

17:21
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05/25
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Hot Stocks
Breaking Hot Stocks news story on Abiomed, Wyndham »

ABIOMED to replace…

ABMD

Abiomed

$394.49

0.04 (0.01%)

WYN

Wyndham

$107.98

-0.58 (-0.53%)

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PCG

PG&E

$44.67

0.84 (1.92%)

17:16
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CA Forestry Dept rules PG&E equipment responsible for wildfires, Bloomberg says »

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FARM

Farmer Bros.

$28.50

0.15 (0.53%)

17:09
05/25/18
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Levin Capital Strategies reports 8.4% stake in Farmer Bros »

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NDLS

Noodles & Company

$8.90

-0.35 (-3.78%)

17:07
05/25/18
05/25
17:07
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17:07
Syndicate
Breaking Syndicate news story on Noodles & Company »

Noodles & Company…

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WIN

Windstream

$1.22

-0.125 (-9.29%)

17:06
05/25/18
05/25
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17:06
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Windstream completes one-for-five reverse stock split »

Windstream completed its…

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NDLS

Noodles & Company

$8.90

-0.35 (-3.78%)

17:06
05/25/18
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17:06
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17:06
Syndicate
Breaking Syndicate news story on Noodles & Company »

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EPD

Enterprise Products

$27.87

-0.12 (-0.43%)

17:01
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05/25
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17:01
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Enterprise Products conduts open season for West Texas Crude oil expansion »

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INO

Inovio

$4.89

0.06 (1.24%)

16:37
05/25/18
05/25
16:37
05/25/18
16:37
Syndicate
Breaking Syndicate news story on Inovio »

Inovio files $250M mixed…

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RCII

Rent-A-Center

$10.14

0.13 (1.30%)

16:36
05/25/18
05/25
16:36
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16:36
Hot Stocks
Rent-A-Center 16.8% shareholder Engaged Capital nominates Carol McFate to Board »

On May 25, 2018, Engaged…

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AKER

Akers Biosciences

$0.59

0.0086 (1.48%)

16:34
05/25/18
05/25
16:34
05/25/18
16:34
Hot Stocks
Akers Biosciences receives delinquency notice from NASDAQ »

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DHCP

Ditech

$6.60

0.37 (5.94%)

16:31
05/25/18
05/25
16:31
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16:31
Hot Stocks
Ditech discloses receipt of late filing notice from NYSE »

Ditech Holding announced…

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GPS

Gap

$28.15

-4.82 (-14.62%)

, FL

Foot Locker

$55.97

9.585 (20.67%)

16:30
05/25/18
05/25
16:30
05/25/18
16:30
General news
On The Fly: Top stock stories for Friday »

Stocks on Wall Street…

GPS

Gap

$28.15

-4.82 (-14.62%)

FL

Foot Locker

$55.97

9.585 (20.67%)

HLF

Herbalife Nutrition

$48.76

-5.09 (-9.45%)

IEP

Icahn Enterprises

$69.41

0.22 (0.32%)

FCAU

Fiat Chrysler

$21.82

-0.445 (-2.00%)

DGX

Quest Diagnostics

$105.89

5 (4.96%)

UNH

UnitedHealth

$244.96

2.23 (0.92%)

ROST

Ross Stores

$77.35

-5.6 (-6.75%)

ADSK

Autodesk

$132.80

-5.96 (-4.30%)

AAL

American Airlines

$44.89

1.34 (3.08%)

LUV

Southwest

$52.86

1.65 (3.22%)

DAL

Delta Air Lines

$55.89

1.48 (2.72%)

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16:30
05/25/18
05/25
16:30
05/25/18
16:30
Options
Preliminary option volume of 16.4M today »

Preliminary option volume…

VTL

Vital Therapies

$5.65

-0.475 (-7.76%)

16:26
05/25/18
05/25
16:26
05/25/18
16:26
Syndicate
Breaking Syndicate news story on Vital Therapies »

Vital Therapies files to…

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