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LOGM

LogMeln

$133.80

3.6 (2.77%)

, GOOG

Alphabet

$1,089.52

19.82 (1.85%)

17:35
02/15/18
02/15
17:35
02/15/18
17:35

Google announces intent to acquire LogMeIn unit Xively

Google (GOOG,GOOGL) has announced that it has entered into an agreement to acquire Xively, a division of LogMeIn (LOGM) "By 2020, it's estimated that about 20 billion connected things will come online, and analytics and data storage in the cloud are now the cornerstone of any successful IoT solution. This acquisition, subject to closing conditions, will complement Google Cloud's effort to provide a fully managed IoT service that easily and securely connects, manages, and ingests data from globally dispersed devices. With the addition of Xively's robust, enterprise-ready IoT platform, we can accelerate our customers' timeline from IoT vision to product, as they look to build their connected business.Through this acquisition, Cloud IoT Core will gain deep IoT technology and engineering expertise, including Xively's advanced device management, messaging, and dashboard capabilities. Our customers will benefit from Xively's extensive feature set and flexible device management platform, paired with the security and scale of Google Cloud. With Google Cloud's deep leadership in data analytics and machine learning, our customers will also be uniquely positioned to build turnkey IoT solutions and focus on business value creation," said Google on its Cloud page. Reference Link

LOGM

LogMeln

$133.80

3.6 (2.77%)

GOOG

Alphabet

$1,089.52

19.82 (1.85%)

GOOGL

Alphabet Class A

$1,091.36

18.66 (1.74%)

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LOGM LogMeln
$133.80

3.6 (2.77%)

02/08/18
JPMS
02/08/18
NO CHANGE
JPMS
Overweight
LogMeln acquisition of Jive positive for shareholders, says JPMorgan
JPMorgan analyst Sterling Auty views LogMeln's (LOGM) acquisition of Jive Communications for $342M in cash as positive for both growth and shareholders. The deal will add needed top-line growth, bolster the overall platform, and capitalize on the "robust" unified communications as a service market, Auty tells investors in a research note. He sees LogMeln benefitting as competitors RingCentral (RNG) and 8x8, Inc. (EGHT) focus on moving into the large enterprise segment. The analyst keeps an Overweight rating on LogMeln.
12/20/17
NEED
12/20/17
NO CHANGE
Target $130
NEED
Buy
LogMeln price target lowered to $130 at Needham after analyst day
After attending LogMeln's analyst day meeting, Needham analyst Richard Valera noted that the organic revenue growth targets put forward were below what he and the Street had been expecting and he cut his price target on the stock to $130 from $135. However, he said he suspects the targets "embed some of the company's historical conservatism" and noted that its EBITDA targets remain largely inline with prior expectations. Valera keeps a Buy rating on LogMeIn shares.
12/20/17
PIPR
12/20/17
NO CHANGE
Target $150
PIPR
Overweight
LogMeln outlook not directly comparable to consensus, says Piper Jaffray
Piper Jaffray analyst Alex Zukin says that since LogMeln is no longer incorporating acquisitions into its outlook, yesterday's guidance is not perfectly comparable to consensus estimates. The analyst views both the 2018 outlook and three-year targets issued at yesterday's analyst day as conservative. He sees "significant valuation support" from free cash flow following yesterday's 3% pullback and keeps an Overweight rating on LogMeln. The analyst, however, lowered his price target for the shares to $150 from $183.
12/19/17
JPMS
12/19/17
NO CHANGE
Target $145
JPMS
Overweight
LogMeln cash flow, capital return outlook warrants buying, says JPMorgan
JPMorgan analyst Sterling Auty notes LogMeIn stock reacted negatively on management's 2018 and 2020 outlook for revenue growth as expectations were elevated into the event. However, the analyst thinks this is "a knee-jerk reaction" to a number and not really the market seeing that the fundamentals are still moving in the right direction, given "solid" growth, expanding margins and capital return. Auty reiterates an Overweight rating and $145 price target on the shares.
GOOG Alphabet
$1,089.52

19.82 (1.85%)

02/15/18
MSCO
02/15/18
NO CHANGE
Target $28
MSCO
Underweight
Twitter price target raised to $28 from $15 at Morgan Stanley
Morgan Stanley analyst Brian Nowak said he underestimated Twitter's (TWTR) turnaround efforts throughout 2017 and he has raised his price target on the stock to $28 from $15 given the company's better revenue outlook and high incremental margins. However, despite Twitter's better than expected results, he still sees the stock being a relative underperformer from current levels when compared to faster growing peers like Facebook (FB) and Alphabet (GOOGL), he tells investors. Nowak keeps an Underweight rating on Twitter.
02/06/18
CHLM
02/06/18
NO CHANGE
Target $80
CHLM
Buy
Craig-Hallum remains a buyer of Nutrisystem as Google trends continue to lag
Craig-Hallum analyst Alex Fuhrman says Nutrisystem (NTRI) Google (GOOG; GOOGL) trends continue to lag, setting up a buying opportunity despite mixed indicators. Mixed indicators suggest the Nutrisystem brand is not likely to accelerate revenue growth in 2018 from 2017's 23% levels, however the analyst believes there is still strong potential to exceed his estimate of about 11% growth for the brand in 2018. He reiterates a Buy rating and $80 price target on Nutrisystem's shares.
02/02/18
02/02/18
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. Apple (AAPL) was downgraded to Market Perform from Outperform at Bernstein and to Sector Weight from Overweight at KeyBanc. 2. Alphabet (GOOG, GOOGL) downgraded to Hold from Buy at Stifel with analyst Scott Devitt citing fourth quarter results and saying he has some longer-term concerns around competition from Amazon (AMZN), Google Cloud Platform market share, regulatory risk and rising traffic acquisition cost. 3. Hershey (HSY) downgraded to Neutral from Outperform at Credit Suisse with analyst Robert Moskow saying the stock deserves a "more narrow" valuation premium to food peers than in the past due to the deceleration of its growth rate and the stagnation of its profit margin. 4. Impinj (PI) was downgraded to Neutral from Buy at Dougherty, to Hold from Buy at Needham and Canaccord, and to Sector Perform from Outperform at RBC Capital. 5. Tractor Supply (TSCO) downgraded to Underperform from Buy at BofA/Merrill with analyst Elizabeth Suzuki saying the fourth quarter results were strong, but the outlook for 2018 was disappointing as management outlined expectations for operating margin compression and a store growth trajectory. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/02/18
FBCO
02/02/18
NO CHANGE
Target $1400
FBCO
Outperform
Alphabet price target raised to $1,400 from $1,350 at Credit Suisse
Credit Suisse analyst Stephen Ju attributes greater than expected marketing spending to promote growth in hardware, cloud, and YouTube as driving the shortfall in Alphabet's operating profit compared to estimates, though he said investors should be "happy to underwrite the incremental marketing and capex" spending in pursuit of the longer-term opportunity. As bright spots in the quarter, Ju points to the company's disclosure that Google's Cloud business is now at a $1B per quarter run rate and likely growing well in the triple-digit range and the fact that device shipments in the hardware business are also growing over 100%. Ju raised his price target to $1,400 and keeps an Outperform rating on Alphabet shares.
GOOGL Alphabet Class A
$1,091.36

18.66 (1.74%)

02/05/18
ARGS
02/05/18
NO CHANGE
Target $1300
ARGS
Buy
Alphabet price target raised to $1,300 from $1,220 at Argus
Argus analyst Joseph Bonner raised his price target on Alphabet to $1,300, citing strong growth in mobile search as well as "significant revenue growth" from the company's next-generation businesses - YouTube, Google Cloud, and Google Play. The analyst contends that Alphabet is navigating the desktop-to-mobile paradigm shift successfully while adding that the stock valuation is attractive against the backdrop of rapidly expanding business.

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$31.55

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BMY

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CELG

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CELG

Celgene

$89.01

-0.61 (-0.68%)

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Bristol-Myers

$48.61

-0.31 (-0.63%)

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Celgene

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BMY

Bristol-Myers

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CELG

Celgene

$89.10

-0.52 (-0.58%)

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Bristol-Myers

$48.66

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FITB

Fifth Third

$24.88

-0.55 (-2.16%)

10:30
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DISCB

Discovery Inc.

$31.55

(0.00%)

10:29
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Hot Stocks
Breaking Hot Stocks news story on Discovery Inc. »

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DHI

D.R. Horton

$40.93

0.4 (0.99%)

10:25
03/22/19
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10:25
Options
D R Horton call volume above normal and directionally bullish »

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TRCH

Torchlight Energy Resources

$1.64

0.01 (0.61%)

10:25
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10:25
Conference/Events
Torchlight Energy Resources to hold a conference call »

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INGN

Inogen

$92.59

-2.15 (-2.27%)

10:25
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Conference/Events
Inogen participates in a conference call with JPMorgan »

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Cowen Washington policy strategist to hold an analyst/industry conference call »

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LOV

Spark Networks

$12.78

1.49 (13.20%)

10:25
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Conference/Events
Spark Networks to host conference call »

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UTX

United Technologies

$125.73

-1.16 (-0.91%)

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NORESCO announces $86.8M ESPC to enhance energy security for Navy Region Japan »

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$NSD

NASDAQ Market Internals

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NYSE Market Internals

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BITCOIN

Bitcoin

$0.00

(0.00%)

, BTC

Bitcoin

$0.00

(0.00%)

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BITCOIN

Bitcoin

$0.00

(0.00%)

BTC

Bitcoin

$0.00

(0.00%)

SQ

Square

$76.69

-1.89 (-2.41%)

TWTR

Twitter

$33.68

1.07 (3.28%)

ICE

IntercontinentalExchange

$72.54

-0.82 (-1.12%)

CBOE

Cboe Global Markets

$93.64

-1.14 (-1.20%)

IBM

IBM

$140.22

-1.15 (-0.81%)

BBD

Banco Bradesco

$10.66

-0.56 (-4.99%)

OSTK

Overstock.com

$19.17

-0.32 (-1.64%)

AMD

AMD

$26.94

-0.96 (-3.44%)

NVDA

Nvidia

$181.03

-2.89 (-1.57%)

DPW

DPW Holdings

$0.63

0.0299 (4.98%)

KODK

Kodak

$3.05

-0.125 (-3.94%)

IDEX

Ideanomics

$1.82

0.03 (1.68%)

RIOT

Riot Blockchain

$3.57

-0.1 (-2.72%)

TEUM

Pareteum

$4.57

-0.13 (-2.77%)

SRAX

Social Reality

$2.50

(0.00%)

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TWTR

Twitter

$33.97

1.36 (4.17%)

10:10
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Active trading in Twitter as shares see relative strength »

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NKE

Nike

$84.09

-3.96 (-4.50%)

, FL

Foot Locker

$58.72

-1.05 (-1.76%)

10:08
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On The Fly
Nike drops after sales growth in North America disappoints »

Shares of Nike (NKE)…

NKE

Nike

$84.09

-3.96 (-4.50%)

FL

Foot Locker

$58.72

-1.05 (-1.76%)

UA

Under Armour

$19.00

-0.28 (-1.45%)

UAA

Under Armour

$21.37

-0.32 (-1.48%)

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CHGG

Chegg

$38.57

-1.085 (-2.74%)

10:08
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10:08
Periodicals
Chegg operating illegally in 17 states, short-seller Citron Research claims »

Shares of Chegg are…

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IQ

iQIYI

$25.52

-0.5 (-1.92%)

10:05
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10:05
Options
iQiyi call volume above normal and directionally bullish »

Bullish option flow…

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