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GOOG

Alphabet

$1,019.97

-11.67 (-1.13%)

, GOOGL

Alphabet Class A

$1,025.06

-11.44 (-1.10%)

07:00
04/12/18
04/12
07:00
04/12/18
07:00

Investors want more transparency about YouTube's sales, profit, WSJ reports

Alphabet (GOOG, GOOGL) has previously not shared YouTube's sales or profit as the product is part of a broader suite of ad-supported businesses but now investors and others have renewed calls for additional transparency in light of accounting rules and recent questions by the SEC over its disclosures, the Wall Street Journal reports, citing investors. Investors argue that the video streaming site has become a material part of Alphabet's business and a significant driver of growth warranting quarterly disclosure of revenue, costs and profitability and some say the lack of disclosure could potentially be undervaluing the company. Analyst estimates of YouTube's annual revenue range from $11B to $20B, or 10% to 18% of Alphabet's estimated total revenue of $134B for 2018, meaning YouTube may have more revenue than competitor Netflix (NFLX), which brought in $11.7B last year. Reference Link

GOOG

Alphabet

$1,019.97

-11.67 (-1.13%)

GOOGL

Alphabet Class A

$1,025.06

-11.44 (-1.10%)

NFLX

Netflix

$303.67

5.6 (1.88%)

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    Apr

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    Apr

GOOG Alphabet
$1,019.97

-11.67 (-1.13%)

04/11/18
04/11/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL), Apple (AAPL), and Facebook (FB) were initiated with a Buy at Monness Crespi. 2. Caterpillar (CAT) initiated with a Buy at Buckingham. 3. JPMorgan (JPM) initiated with a Hold at HSBC. 4. eBay (EBAY) assumed with an Overweight at KeyBanc. 5. Ericsson (ERIC) initiated with a Hold at Berenberg. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/11/18
WBLR
04/11/18
NO CHANGE
WBLR
Google interest ups chances of in-flight Wi-Fi acquisition, says William Blair
"We have seen this movie before" is what William Blair analyst Louie DiPalma says after Bloomberg reported yesterday that Google (GOOG, GOOGL) is in advanced talks to acquire Nokia's in-flight connectivity hardware business. Google joins a long list of technology, telecom, and media providers that have exhibited a strategic interest in in-flight Wi-Fi, "although all have thus far stayed on the perimeter," DiPalma tells investors in a research note. The analyst notes that incumbents Gogo (GOGO), Panasonic (PCRFY), ViaSat (VSAT), Global Eagle Entertainment (ENT), and Inmarsat (IMASY) have invested billions toward satellite capacity and infrastructure. The industry is all about scale and potential new entrants would not have any, DiPalma contends. He believes it would take any new entrant many years to build a network from scratch, obtain regulatory approvals, and procure line-fit partnerships. The analyst thinks Google's interest in in-flight connectivity increases the probability that a tech or telecom company would buy an incumbent in the space. DiPalma has Outperform ratings on ViaSat and Gogo and a Market Perform rating on Global Eagle.
04/10/18
MSCO
04/10/18
NO CHANGE
Target $1175
MSCO
Overweight
Morgan Stanley says consensus view on Alphabet expenses seems too optimistic
Morgan Stanley analyst Brian Nowak predicts that Alphabet's Q1 EPS will miss the consensus view by 8% as he believes consensus modeling of a $2B sequential decline in operating expenses, which he notes would be the largest sequential operating expense decline in 5 years, seems too optimistic given the company's investments in the cloud, YouTube and hardware. He also believes the company's large, important strategic investments will reinforce the need for improved disclosure from Alphabet, Nowak tells investors. While he trimmed his price target on the stock to $1,175 from $1,200, Nowak is still bullish about Alphabet's long-term opportunity and he keeps an Overweight rating on the shares.
04/05/18
KEYB
04/05/18
NO CHANGE
KEYB
Sector Weight
Automation the next 'cloud wars' battle, says KeyBanc
KeyBanc analyst Brent Bracelin says the AWS Summit SF exposed an even greater focus by Amazon (AMZN) Web Services on cloud automation. The analyst believes the "cloud wars" in 2018 appear to be moving from a battle of "features" seen in the last two years toward a new battle of "automation." Bracelin sees Automation as having three major benefits for AWS: it can drive material cost savings, it saves developers time, and it serves as a competitive differentiator versus Microsoft Azure (MSFT) and Google Cloud (GOOG; GOOGL). Bracelin reiterates a Sector Weight rating on Amazon's shares.
GOOGL Alphabet Class A
$1,025.06

-11.44 (-1.10%)

04/11/18
MONN
04/11/18
INITIATION
Target $1280
MONN
Buy
Alphabet initiated with a Buy at Monness Crespi
Monness Crespi initiated Alphabet with a Buy and $1,280 price target.
NFLX Netflix
$303.67

5.6 (1.88%)

04/11/18
COWN
04/11/18
NO CHANGE
Target $325
COWN
Outperform
Netflix price target raised to $325 from $275 at Cowen
Cowen analyst John Blackledge raised his price target on Netflix to $325 from $275 ahead of Q1 earnings. The analyst believes its original programming is a positive tailwind as U.S. original hours increased year-over-year. Blackledge reiterated his Outperform rating on Netflix shares.
04/11/18
MONN
04/11/18
INITIATION
Target $350
MONN
Buy
Netflix transferred with a Buy at Monness Crespi
Monness Crespi transferred coverage of Netflix with a Buy rating and $350 price target.
04/11/18
GSCO
04/11/18
NO CHANGE
Target $360
GSCO
Buy
Netflix price target raised to $360 ahead of earnings at Goldman Sachs
Goldman Sachs analyst Heath Terry believes that Netflix's strong Q1 content slate, newer distribution partnerships and marketing investments make it likely to report quarterly results that top consensus expectations. Beyond the just completed and upcoming quarters, he continues to believe long-term subscriber growth and profitability will exceed current consensus expectations, added Terry, who raised his price target on Netflix shares to $360 from $315 and keeps a Buy rating on the stock.
04/10/18
RAJA
04/10/18
NO CHANGE
Target $330
RAJA
Outperform
Netflix U.S. trends remain solid, target to $330 at Raymond James
Raymond James analyst Justin Patterson search and app data analysis indicates U.S. trends remain solid, while international momentum continues. Patterson is slightly cautious on Q2 guidance given the shifting of House of Cards to Fall 2018 and the presence of the World Cup, but said these are largely timing factors and notes the international business has grown in the past during the World Cup. The analyst said Netflix continues to build its programming lead over competitors and his core thesis of share gains, pricing power, and margin expansion remains intact. Patterson reiterated his Buy rating on Netflix and raised his price target on shares to $330 from $290.

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Fed's Bostic said the economy doesn't need as much stimulus as it did before »

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AVNW

Aviat Networks

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CFBK

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TAHO

Tahoe Resources

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BE

Bloom Energy

$22.66

0.44 (1.98%)

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CRK

Comstock Resources

$8.26

-0.46 (-5.28%)

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IBP

Installed Building Products

$46.80

-2.55 (-5.17%)

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LCI

Lannett

$5.55

-7.95 (-58.89%)

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CATM

Cardtronics

$37.25

0.08 (0.22%)

12:00
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08/20
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Options
Second day of call buying in Cardtronics »

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ATV

Acorn International

$22.00

3.14 (16.65%)

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AMRX

Amneal Pharmaceuticals

$23.96

2.43 (11.29%)

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CMCM

Cheetah Mobile

$10.85

1.75 (19.23%)

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PCG

PG&E

$45.05

-0.195 (-0.43%)

, EIX

Edison International

$69.44

-0.42 (-0.60%)

11:59
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Periodicals
California's Dodd says securitization of PG&E liability mulled, Bloomberg says »

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PCG

PG&E

$45.05

-0.195 (-0.43%)

EIX

Edison International

$69.44

-0.42 (-0.60%)

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IMTE

Integrated Media Technology

$12.20

0.2 (1.67%)

11:58
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Integrated Media unit enters distribution agreement with Ai Holdings »

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MSFT

Microsoft

$106.76

-0.82 (-0.76%)

11:57
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Skype's end-to-end encrypted Private Conversations now available for all users »

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TSLA

Tesla

$302.49

-2.84 (-0.93%)

11:55
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11:55
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TSLA

Tesla

$302.35

-2.98 (-0.98%)

11:52
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Periodicals
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PX

Praxair

$157.81

1.86 (1.19%)

, LNEGY

Linde

$0.00

(0.00%)

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PX

Praxair

$157.81

1.86 (1.19%)

LNEGY

Linde

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SPY

SPDR S&P 500 ETF Trust

$285.40

0.38 (0.13%)

11:50
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XLU

Utilities SPDR

$54.43

-0.07 (-0.13%)

11:40
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Options
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IMNP

Immune Pharmaceuticals

$0.00

(0.00%)

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RIG

Transocean

$11.23

0.47 (4.37%)

11:30
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Options
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