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CSCO

Cisco

$44.20

-0.09 (-0.20%)

, CIEN

Ciena

$26.06

-0.38 (-1.44%)

14:41
03/08/18
03/08
14:41
03/08/18
14:41

Cisco rumored to be 'mulling' deal for packet-optical player, Light Reading says

Ray Le Maistre, the Editor-in-Chief of Light Reading, said that industry sources claim Cisco Systems(CSCO) is "mulling" an M&A deal to beef up its packet-optical transport portfolio and drawing up a short list of possible targets. He lists Ciena (CIEN) and Infinera (INFN) among the "limited" list of options for Cisco. Reference Link

CSCO

Cisco

$44.20

-0.09 (-0.20%)

CIEN

Ciena

$26.06

-0.38 (-1.44%)

INFN

Infinera

$10.91

0.09 (0.83%)

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CSCO Cisco
$44.20

-0.09 (-0.20%)

02/26/18
MSCO
02/26/18
NO CHANGE
Target $50
MSCO
Overweight
Cisco price target raised to $50 from $46 at Morgan Stanley
Morgan Stanley analyst James Faucette raised his price target on Cisco to $50 stating that the introduction of the new Catalyst 9K family has improved order volumes and the market is now more convinced that the company can at least benefit from a typical product cycle. He is hearing increasing anecdotal evidence that improved security and operational capabilities are helping pull through incremental demand for new networking equipment and if Cisco can carry the momentum of the last couple of quarters into the second half of 2018 it would be better than most of the market expects, added Faucette, who keeps an Overweight rating on the stock.
02/16/18
MKMP
02/16/18
NO CHANGE
Target $285
MKMP
Neutral
Arista Networks price target raised to $285 from $190 at MKM Partners
MKM Partners analyst Michael Genovese raised his price target on Arista Networks (ANET) to $285, saying that while Q4 earnings beat consensus, the stock price fell on less than expected Cloud Titan sales. The analyst says that the vertical did not perform up to bull case expectations, with about 20% of workaround certifications slipping from Q4 to Q1 because of Cisco (CSCO) patent lawsuits. Longer term, Genovese keeps his Neutral rating on Arista Networks, saying the company is "fantastic" but its valuation is appropriate.
02/16/18
DADA
02/16/18
NO CHANGE
Target $300
DADA
Buy
Arista Networks price target raised to $300 from $224 at DA Davidson
DA Davidson analyst Mark Kelleher raised his price target on Arista Networks (ANET) to $300 after Q4 results, saying the company offers "good traction" in cloud data centers and an "unabated march" on Cisco (CSCO) market share through a "storm of patent litigation". Kelleher believes that Arista Networks can have "years of strong growth" and market share gains, having launched its new router products. The analyst keeps his Buy rating.
02/15/18
MKMP
02/15/18
NO CHANGE
Target $48
MKMP
Neutral
Cisco price target raised to $48 from $38 at MKM Partners
MKM Partners analyst Michael Genovese raised his price target on Cisco to $48 after its Q2 results, saying the company posted a clean beat with growth in all major reporting segments, including infrastructure. Genovese points to product order growth of 5%, up from 1% in the prior quarter, allowing for Q3 revenue growth outlook of 3%-5% that's above his view of 1.5%. The analyst keeps his Neutral rating on Cisco despite the good quarter, noting "weak secular Routing trends in the Service Provider market" and soft performance in "more sophisticated large Enterprise customer".
CIEN Ciena
$26.06

-0.38 (-1.44%)

03/07/18
RILY
03/07/18
NO CHANGE
Target $31
RILY
Buy
Ciena price target raised to $31 from $27.50 at B. Riley FBR
B. Riley FBR analyst Dave Kang raised his price target for Ciena to $31 citing the company's "solid" Q1 results and outlook. The analyst reiterates a Buy rating on the shares.
03/07/18
NEED
03/07/18
NO CHANGE
Target $29
NEED
Buy
Ciena price target raised to $29 from $24 at Needham
Needham analyst Alex Henderson raised his price target on Ciena (CIEN) to $29 after the company's Q1 earnings beat, helped in part by its effective rate coming down to 26% from about 36%. The analyst expects about 22c of tax-related benefits for FY18 while also pointing to the company's stable Verizon (VZ) and AT&T (T) business, along with brighter opportunities in the cable and international segments. Henderson keeps his Buy rating on Ciena, also pointing to its discussion of two new sub-sea deals signed in January with trans-Pacific and trans-Atlantic cable systems.
03/07/18
BMOC
03/07/18
NO CHANGE
Target $32
BMOC
Outperform
Ciena price target raised to $32 from $25 at BMO Capital
BMO Capital analyst Tim Long raised his price target on Ciena to $32, citing the company's Q1 earnings beat with rising sales and better control of expenses. Long contends that Ciena's portfolio diversification efforts are paying off amid increasing demand among web-scale customers while its service provider revenues also remain "healthy". The analyst keeps his Outperform rating on Ciena, further citing additional customer wins and market share gains.
03/07/18
MKMP
03/07/18
NO CHANGE
Target $32
MKMP
Buy
Ciena price target raised to $32 from $28 at MKM Partners
MKM Partners analyst Michael Genovese raised his price target on Ciena to $32 after Q1 earnings, saying the company's "solid" results and guidance demonstrate its strong fundamentals. The analyst notes the Ciena has "the best Optical Systems technology" as it consolidates its market share. Genovese also sees the trends across the company's end-markets as "constructive", keeping his Buy rating on Ciena.
INFN Infinera
$10.91

0.09 (0.83%)

11/09/17
MKMP
11/09/17
DOWNGRADE
Target $9.5
MKMP
Neutral
Infinera cut to Neutral at MKM Partners on negative customer consolidation
As reported earlier, MKM Partners analyst Michael Genovese downgraded Infinera to Neutral from Buy and lowered his price target to $9.50 from $13. Genovese says his June rating upgrade was based on expectations of revenue growth and margin expansion from an upgrade in technology platform and several product launches, but since then, the company has posted two consecutive quarters of disappointing outlook. The analyst notes that some of the drivers of lower outlook was from a weaker overall market growth and greater than expected negative impact from customer consolidation and tighter competition.
11/09/17
CHLM
11/09/17
NO CHANGE
Target $10
CHLM
Buy
Infinera price target lowered to $10 from $15 at Craig-Hallum
Craig-Hallum analyst Christian Schwab lowered his price target for Infinera to $10 from $15 following quarterly results as challenging market conditions persist. The analyst reiterates a Buy rating on the shares.
02/08/18
NORL
02/08/18
UPGRADE
NORL
Outperform
Infinera upgraded to Outperform from Market Perform at Northland
02/08/18
02/08/18
UPGRADE
Target $11

Outperform
Infinera upgraded to Outperform at Northland
As previously reported, Northland analyst Tim Savageaux upgraded Infinera to Outperform from Market Perform, with $11 price target, saying that the better than expected Q4 report outlook demonstrated both a broadening customer base, with strength in Cable and Cloud, and benefits from a recent flood of new products. The analyst believes the next step is translating that into meaningful earnings power versus current losses. Savageaux sees potential for 2H18 upside and a return toward previously demonstrated EPS power.

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SMBC

Southern Missouri Bancorp

$36.25

0.03 (0.08%)

17:32
10/22/18
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Southern Missouri Bancorp reports Q3 EPS 76c, consensus 69c »

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TMST

TimkenSteel

$12.19

-0.12 (-0.97%)

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Breaking Hot Stocks news story on TimkenSteel »

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CEMI

Chembio Diagnostics

$9.68

-0.05 (-0.51%)

17:27
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17:27
Syndicate
Chembio Diagnostics files to sell $25M of common stock »

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SLM

Sallie Mae

$10.58

(0.00%)

17:23
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Sallie Mae reports Q3 net interest margin up 15bps at 6.00% »

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SLM

Sallie Mae

$10.58

(0.00%)

17:22
10/22/18
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Earnings
Sallie Mae raises FY18 core EPS view to $1.02-$1.03 from 99c-$1.01 »

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SLM

Sallie Mae

$10.58

(0.00%)

17:19
10/22/18
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Earnings
Sallie Mae reports Q3 adjusted EPS 23c, consensus 24c »

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BA

Boeing

$355.98

-0.3 (-0.08%)

17:17
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Hot Stocks
Correction: Boeing maintains quarterly dividend of $1.71 »

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JOE

Saint Joe Co.

$15.08

-0.14 (-0.92%)

, MAR

Marriott

$111.49

-0.58 (-0.52%)

17:15
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Hot Stocks
St. Joe Company, InterMountain break ground on New Towneplace Suites Hotel »

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JOE

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$15.08

-0.14 (-0.92%)

MAR

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$111.49

-0.58 (-0.52%)

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  • 06

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RNST

Renasant

$35.44

-1.1 (-3.01%)

17:11
10/22/18
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Earnings
Renasant reports Q3 adjusted EPS 61c, consensus 77c »

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IAG

IAMGold

$3.84

-0.13 (-3.27%)

17:09
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Hot Stocks
IAMGold announces positive results from a feasibility study for Senegal project »

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  • 07

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HWBK

Hawthorn Bancshares

$23.20

-0.27 (-1.15%)

17:09
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Hot Stocks
Breaking Hot Stocks news story on Hawthorn Bancshares »

Endeavour Capital reports…

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GNBC

Green Bancorp

$19.34

-0.7 (-3.49%)

17:07
10/22/18
10/22
17:07
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17:07
Earnings
Green Bancorp reports Q3 EPS 49c, consensus 47c »

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VBTX

Veritex

$24.43

-1.07 (-4.20%)

17:06
10/22/18
10/22
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17:06
Earnings
Veritex reports Q3 core EPS 34c, consensus 46c »

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IBTX

Independent Bank

$56.47

-3.06 (-5.14%)

17:04
10/22/18
10/22
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17:04
Earnings
Independent Bank reports Q3 EPS $1.20, consensus $1.20 »

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BRO

Brown & Brown

$29.12

0.27 (0.94%)

17:03
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Breaking Hot Stocks news story on Brown & Brown »

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SFNC

Simmons First National

$25.62

-0.78 (-2.95%)

17:03
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Breaking Hot Stocks news story on Simmons First National »

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CR

Crane

$87.33

-0.28 (-0.32%)

17:03
10/22/18
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Earnings
Crane raises FY18 EPS ex-items view to $5.80-$5.90 from $5.60-$5.80 »

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GNBC

Green Bancorp

$19.34

-0.7 (-3.49%)

17:02
10/22/18
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Earnings
Green Bancorp reports Q3 non-GAAP EPS 49c, consensus 47c »

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  • 23

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SFNC

Simmons First National

$25.62

-0.78 (-2.95%)

17:02
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Earnings
Simmons First National reports Q3 core EPS 61c, consensus 58c »

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CR

Crane

$87.33

-0.28 (-0.32%)

17:02
10/22/18
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Earnings
Crane reports Q3 EPS ex-items $1.62, consensus $1.46 »

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BRO

Brown & Brown

$29.12

0.27 (0.94%)

17:01
10/22/18
10/22
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Earnings
Brown & Brown reports Q3 adjusted EPS 38c, consensus 34c »

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NBTB

NBT Bancorp

$36.29

-0.57 (-1.55%)

16:54
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NBT Bancorp raises quarterly dividend to 26c from 25c per share »

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NBTB

NBT Bancorp

$36.29

-0.57 (-1.55%)

16:54
10/22/18
10/22
16:54
10/22/18
16:54
Earnings
NBT Bancorp reports Q3 adjusted EPS 68c, consensus 65c »

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PERY

Perry Ellis

$27.50

(0.00%)

16:51
10/22/18
10/22
16:51
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16:51
Hot Stocks
Perry Ellis announces completion of its acquisition in $437M transaction »

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  • 03

    Mar

FBK

FB Financial

$33.54

-1.36 (-3.90%)

16:51
10/22/18
10/22
16:51
10/22/18
16:51
Earnings
FB Financial reports Q3 adjusted EPS 68c, consensus 72c »

President and Chief…

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