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ZTCOY

ZTE Corp.

$0.00

(0.00%)

11:04
07/13/18
07/13
11:04
07/13/18
11:04

ZTE Corp. sees 1H loss of 7B yuan-9B yuan, cites suspension of activities

In a regulatory filing out earlier Chinese telecommunications giant ZTE Corp. said it anticipates reporting a net loss of 7B yuan to 9B yuan for the first half of 2018. The company reported a profit of 2.3B yuan in the same period last year. The substantial decrease in results for the reporting period compared to the same period last year was mainly attributable to operating losses and provision for losses resulting from the suspension of the major operating activities of the company and the $1B penalty.

  • 10

    Sep

ZTCOY ZTE Corp.
$0.00

(0.00%)

06/14/18
NEED
06/14/18
NO CHANGE
Target $45
NEED
Strong Buy
Fabrinet price target raised to $45 from $40 at Needham
Needham analyst Alex Henderson raised his price target on Fabrinet (FN) to $45 and kept his Strong Buy rating, saying the company is positioned for a rebound in sales to customers selling to ZTE( ZTCOY) while also benefiting from strong optical demand from the "metro core and ROADM intensive architectures". The analyst also anticipates an acceleration in Fabrinet's industrial laser business as well as an improved FX dynamic following two years of exchange rate pressure on the Thai Baht.
07/02/18
JEFF
07/02/18
UPGRADE
JEFF
Buy
ZTE Corp. upgraded to Buy from Underperform at Jefferies
Jefferies analyst Edison Lee double upgraded ZTE Corp. to Buy from Underperform saying Li Zixue becoming Chairman of the Board is an important step toward meeting the conditions of the company's settlement with the U.S. ZTE shares should further recover as the lifting of the export ban nears, Lee tells investors in a research note. The analyst has a price target of HK$14.41 for the shares.
07/02/18
07/02/18
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. RPM (RPM) upgraded to Neutral from Underweight at JPMorgan with analyst Jeffrey Zekauskas saying he believes investors are now more willing to pay a higher multiple for RPM EBITDA because of new possibilities of cost reduction, changes in capital structure, or overall changes to the company given the involvement of activist Elliott Management. 2. Capital One (COF) upgraded to Outperform from Neutral at Credit Suisse with analyst Moshe Orenbuch citing improving credit quality, ahead of the industry. 3. Wells Fargo (WFC) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Betsy Graseck stating that the bank's passing the 2018 CCAR stress test removes an overhang and indicates to her that the Fed is receptive of the changes Wells is making. 4. ZTE Corp. (ZTCOY) upgraded to Buy from Underperform at Jefferies with analyst Edison Lee saying Li Zixue becoming Chairman of the Board is an important step toward meeting the conditions of the company's settlement with the U.S. 5. Curtiss-Wright (CW) upgraded to Outperform from Market Perform at William Blair with analyst Nicholas Heymann saying the valuation is "compelling" following the recent correction in the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/12/18
BNCH
07/12/18
NO CHANGE
BNCH
Buy
Marvell, Ceva, MaxLinear stand to benefit from ZTE ban ending, says Benchmark
After the U.S. announced it has signed an escrow agreement with ZTE (ZTCOY) that should lift the supplier ban and allow the company to resume operations, Benchmark analyst Gary Mobley identified Ceva (CEVA), Marvell Technology (MRVL) and MaxLinear (MXL) as the stocks that he covers that have the most to gain from the lifting of the ZTE shipment ban. He maintains Buy ratings on all three suppliers.

TODAY'S FREE FLY STORIES

GS

Goldman Sachs

$231.01

4.71 (2.08%)

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IQ

iQIYI

$36.92

3 (8.84%)

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NVCR

Novocure

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2.5 (7.55%)

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  • 26

    Jul

RVI

Retail Value

$35.60

-0.36 (-1.00%)

, DDR

DDR Corp.

$14.31

-0.045 (-0.31%)

07:36
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07:36
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Initiation
Retail Value, DDR Corp. initiated  »

Retail Value initiated…

RVI

Retail Value

$35.60

-0.36 (-1.00%)

DDR

DDR Corp.

$14.31

-0.045 (-0.31%)

03/08/13
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  • 25

    Jul

GS

Goldman Sachs

$231.01

4.71 (2.08%)

07:36
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Goldman Sachs reports Q2 annualized ROE 12.8% »

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XXII

22nd Century

$2.64

-0.12 (-4.35%)

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NFLX

Netflix

$400.24

4.32 (1.09%)

, MSFT

Microsoft

$104.91

-0.51 (-0.48%)

07:35
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Options
Unusual call flow in option market yesterday »

Notable call activity was…

NFLX

Netflix

$400.24

4.32 (1.09%)

MSFT

Microsoft

$104.91

-0.51 (-0.48%)

SNAP

Snap

$13.07

-0.295 (-2.21%)

FOXA

21st Century Fox

$46.71

-0.84 (-1.77%)

MS

Morgan Stanley

$48.91

0.85 (1.77%)

TGT

Target

$77.20

-0.525 (-0.68%)

FSLR

First Solar

$53.99

-0.08 (-0.15%)

CZR

Caesars

$11.63

0.075 (0.65%)

FTI

TechnipFMC

$30.58

-0.36 (-1.16%)

HFC

HollyFrontier

$68.91

0.25 (0.36%)

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  • 17

    Jul

  • 18

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  • 18

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    Jul

  • 26

    Jul

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    Jul

  • 27

    Jul

  • 02

    Aug

  • 07

    Aug

  • 08

    Aug

  • 08

    Aug

  • 04

    Sep

BCRX

BioCryst

$6.20

0.01 (0.16%)

07:34
07/17/18
07/17
07:34
07/17/18
07:34
Upgrade
BioCryst rating change  »

BioCryst upgraded to…

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GS

Goldman Sachs

$231.01

4.71 (2.08%)

07:33
07/17/18
07/17
07:33
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07:33
Earnings
Goldman Sachs reports Q2 EPS $5.98, consensus $4.66 »

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ADS

Alliance Data

$218.91

-24.58 (-10.09%)

, LB

L Brands

$32.01

0.31 (0.98%)

07:32
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ADS

Alliance Data

$218.91

-24.58 (-10.09%)

LB

L Brands

$32.01

0.31 (0.98%)

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  • 19

    Jul

  • 08

    Aug

PRIM

Primoris

$28.12

-0.51 (-1.78%)

07:32
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07/17
07:32
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Primoris announces electrical distribution award valued over $75M »

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ZS

Zscaler

$41.10

1.38 (3.47%)

07:30
07/17/18
07/17
07:30
07/17/18
07:30
Recommendations
Zscaler analyst commentary  »

Zscaler price target…

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TSRO

Tesaro

$40.55

-4.34 (-9.67%)

, QEP

QEP Resources

$12.09

-0.67 (-5.25%)

07:30
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07/17
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Options
Unusual put flow in option market yesterday »

Notable put activity was…

TSRO

Tesaro

$40.55

-4.34 (-9.67%)

QEP

QEP Resources

$12.09

-0.67 (-5.25%)

HUBG

Hub Group

$49.10

-1.85 (-3.63%)

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  • 26

    Jul

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RPM

RPM

$60.00

-0.54 (-0.89%)

07:27
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07/17
07:27
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07:27
Downgrade
RPM rating change  »

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  • 19

    Jul

OSUR

OraSure

$16.28

-1.04 (-6.00%)

07:27
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  • 18

    Jul

  • 08

    Aug

NFLX

Netflix

$400.24

4.32 (1.09%)

07:26
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Netflix analyst commentary  »

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ECOR

ElectroCore

$14.49

-0.51 (-3.40%)

07:25
07/17/18
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07:25
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Initiation
ElectroCore initiated  »

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FTI

TechnipFMC

$30.58

-0.36 (-1.16%)

07:24
07/17/18
07/17
07:24
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07:24
Initiation
TechnipFMC initiated  »

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  • 26

    Jul

QTS

QTS Realty Trust

$40.90

-0.05 (-0.12%)

07:23
07/17/18
07/17
07:23
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07:23
Initiation
QTS Realty Trust initiated  »

QTS Realty Trust resumed…

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  • 26

    Jul

BA

Boeing

$356.01

5.2 (1.48%)

07:22
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  • 25

    Jul

NFLX

Netflix

$400.24

4.32 (1.09%)

07:22
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Netflix analyst commentary  »

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NFLX

Netflix

$400.24

4.32 (1.09%)

07:22
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Netflix analyst commentary  »

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INXN

Interxion

$64.05

0.77 (1.22%)

07:21
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Initiation
Interxion initiated  »

Interxion resumed with a…

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  • 02

    Aug

07:20
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General news
FX Update: The Dollar remained on a softening tack »

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BAESY

BAE Systems

$0.00

(0.00%)

07:19
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Periodicals
BAE Systems wants international partners for UK fighter project, Reuters says »

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