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CSCO

Cisco

$41.30

-2.28 (-5.23%)

, ANET

Arista Networks

$263.20

-15.275 (-5.49%)

14:03
07/13/18
07/13
14:03
07/13/18
14:03

RBC says Amazon entry would be 'notable negative' for Cisco, networking peers

After The Information reported that Amazon's (AMZN) AWS unit is now targeting the data center switching market, RBC Capital analyst Mitch Steves said that, if true, this would be a notable negative for those in the networking equipment space, including Cisco (CSCO), Arista Networks (ANET) and Juniper Networks (JNPR). While others have created their own white-box hardware, none have created a commercial product so far and AWS would be the first major commercial provider of white-box switches, said Steves, who also said "it is important to note" that current sales and revenue trends will likely be safe since the report said a launch could potentially occur in 18 months. He also thinks Cisco and Arista in particular have "solid" software products that would help them compete against a new entrant such as AWS.

CSCO

Cisco

$41.30

-2.28 (-5.23%)

ANET

Arista Networks

$263.20

-15.275 (-5.49%)

JNPR

Juniper

$27.58

-0.925 (-3.25%)

AMZN

Amazon.com

$1,807.88

10.87 (0.60%)

  • 18

    Jul

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    Jul

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    Aug

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    Aug

  • 16

    Aug

  • 04

    Sep

CSCO Cisco
$41.30

-2.28 (-5.23%)

06/28/18
FBCO
06/28/18
NO CHANGE
Target $303
FBCO
Outperform
Arista continues to take share in data center switching, says Credit Suisse
Credit Suisse analyst Sami Badri notes Arista Networks (ANET) continues to take over the data center switching market. According to I.H.S. Markit, Arista grew its revenue market share in Q1 to 14.8%, taking share away from Cisco (CSCO) and Huawei. The analyst recommends Arista for its strong market position, as it grew its market share 210bps, and highlights its strength in the DC market as the company was able to maintain its product revenues on an absolute basis, despite Q1 being a seasonally weak quarter across the industry. Badri reiterates an Outperform rating and $303 price target on Arista shares.
07/05/18
ARGS
07/05/18
NO CHANGE
Target $90
ARGS
Buy
NetApp price target raised to $90 from $76 at Argus
Argus analyst Jim Kelleher raised his price target on NetApp (NTAP) to $90 and kept his Buy rating, citing the company's new offerings along with its partner Cisco (CSCO) in their FlexPod data management solutions business. The analyst notes that the first of these solutions designed to simplify IT infrastructure and data management for healthcare customers and organizations has already been launched, with more verticals expected to be addressed by additional solutions later this year. While "vanishing into Cisco's vast P&L", Kelleher tells investors that FlexPod is a material part of NetApp's business, adding that its market share may grow as rival Dell EMC is focused to bring a part of the company public.
07/09/18
PIPR
07/09/18
NO CHANGE
Target $50
PIPR
Overweight
Piper checks imply Cisco losing security share to Palo Alto
Piper Jaffray analyst James Fish says his firm's recent channel survey work across networking and security were weaker than he's have seen in past calendar quarters for Cisco Systems (CSCO). Cisco in previous quarters had positive 40% net-scores in Networking compared to a negative 2% this quarter, suggesting a more in-line quarter, Fish tells investors in a research note. Further, Cisco's Security survey results were "especially weak," implying Palo Alto Networks (PANW) is taking market share, the analyst adds. Fish "slightly reduced" his estimates for Cisco but says the stock remains his top networking pick. He keeps an Overweight rating on the name with a $50 price target.
07/09/18
07/09/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. GAMESTOP STARTED WITH A BUY: Jefferies analyst Stephanie Wissink started GameStop (GME) with a Buy rating and $18 price target. Her contrarian view on the stock is that under potential new leadership with a well defined vision and execution plan, the stock's valuation, which she feels is "overlooked and overly discounted," could improve. GameStop is higher by 2.5% in midday trading. PIPER SEES CISCO LOSING SECURITY SHARE TO PALO ALTO: Piper Jaffray analyst James Fish says his firm's recent channel survey work across networking and security were weaker than he's seen in past calendar quarters for Cisco Systems (CSCO). Cisco's Security survey results were "especially weak," implying Palo Alto Networks (PANW) is taking market share, the analyst said, although the former remains his top networking pick. He kept an Overweight rating on Cisco shares, which were down almost 1% in midday trading. JEFFERIES DOWNGRADES P&G: Jefferies analyst Kevin Grundy downgraded Procter & Gamble (PG) to Hold from Buy and lowered his price target for the shares to $79 from $83. Slowing market growth, volatility in emerging markets, U.S. retail difficulties, the stronger U.S. dollar and "pricing challenges" should drive estimates lower, Grundy told investors in a research note titled "Tide Unlikely to Turn: Downgrade to Hold as Bull Thesis Wanes." Grundy said he preferred shares of Church & Dwight (CHD) and Energizer (ENR) for exposure to the Home and Personal Care space. TRADE DESK STARTED WITH A SELL: Pivotal Research analyst Brian Wieser initiated Trade Desk (TTD) with a Sell rating and $58 price target, stating that he believes the company can grow rapidly this year but should then see its growth decelerate. He believes its growth will plateau at a size smaller than Criteo's (CRTO), on which Wieser also initiated coverage this morning with a Buy rating. WELLS FARGO DOWNGRADES TWO THEME PARKS: Wells Fargo analyst Timothy Conder downgraded both SeaWorld (SEAS) and Six Flags (SIX) to Market Perform from Outperform, citing valuation, negative seasonal trading patterns, and weather impact, despite ongoing favorable consumer fundamentals and the key Q3 just starting. SeaWorld is trading down 1.3%, while Six Flags is down 1.7% at midday.
ANET Arista Networks
$263.20

-15.275 (-5.49%)

06/13/18
RSBL
06/13/18
NO CHANGE
RSBL
Sell
Applied Optoelectronics could be pressured by Google tightening, says Rosenblatt
Rosenblatt analyst Jun Zhang said checks point to a modest new tightening of capital spending at Alphabet's (GOOG) Google in Q2, which could lead to pressure on Applied Optoelectronics (AAOI). Among suppliers with modest exposure to Alphabet, Zhang currently sees minimal impact to Arista (ANET) and Juniper (JNPR). Zhang keeps a Sell rating on Applied shares.
07/09/18
PIPR
07/09/18
UPGRADE
Target $315
PIPR
Overweight
Piper upgrades Arista to Overweight on 'strong' demand trends
Piper Jaffray analyst James Fish upgraded Arista Networks to Overweight from Neutral and raised his price target for the shares to $315 from $268. The analyst's Q2 channel survey suggests Arista will report revenue of at least $519M, above the Street's estimate of $510M. Investor expectations are not as high as past quarters, presenting a potential near-term catalyst when the company reports on August 2, Fish tells investors in a research note. He sees "strong" demand trends for the company and lowered investor sentiment.
07/09/18
PIPR
07/09/18
UPGRADE
Target $315
PIPR
Overweight
Arista Networks upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray analyst James Fish upgraded Arista Networks to Overweight and raised his price target for the shares to $315 from $268. The analyst says his firm's Q2 networking channel survey suggest suggests another quarter of upside for Arista.
JNPR Juniper
$27.58

-0.925 (-3.25%)

06/15/18
RSBL
06/15/18
DOWNGRADE
RSBL
Sell
Juniper downgraded to Sell from Neutral at Rosenblatt
06/15/18
06/15/18
DOWNGRADE
Target $24

Sell
Juniper downgraded to Sell on key account weakening at Rosenblatt
As previously reported, Rosenblatt analyst Ryan Koontz downgraded Juniper (JNPR) to Sell from Neutral, stating that he believes the company is starting to see weakness in several key accounts, including AT&T (T), Comcast (CMCSA), and Alphabet (GOOGL). Those three customers collectively represent about 15% of sales, Koontz estimates. He cut his second half revenue and EPS estimates for Juniper to below consensus and lowered his price target on the shares to $24 from $28.
07/11/18
07/11/18
UPGRADE

Mixed
Juniper upgraded to Mixed following checks at OTR Global
As previously reported, OTR Global upgraded Juniper to Mixed from Negative. The firm's checks indicate router and switch sales improved at Juniper partners during Q2, but weakness in security and aggressive competitive continued to limit gains.
07/11/18
OTRG
07/11/18
UPGRADE
OTRG
Mixed
Juniper upgraded to Mixed from Negative at OTR Global
AMZN Amazon.com
$1,807.88

10.87 (0.60%)

07/12/18
ADAM
07/12/18
NO CHANGE
Target $240
ADAM
Buy
Privacy concerns at Facebook linger, but Canaccord says 'constructive' on shares
Canaccord analyst Michael Graham maintained a Buy rating on Facebook (FB) shares ahead of the company's quarterly earnings, telling investors in a research note that he is the most constructive among the "FANG" stocks on Facebook and Amazon (AMZN), although he adds that the FANG stocks are trading at a multiple that's low by historical standards but high compared to the past eight years. Looking ahead, Graham says slowing ad load growth places greater burden for revenue growth on ad pricing, and data and privacy concerns will linger and may intensify, but he still sees a very constructive case for fundamentals and estimates for the rest of the year and find the valuation reasonable relative to growth. The analyst says he is "comfortable" with his $240 price target, which is based on 26x 2019 EPS.
07/13/18
LOOP
07/13/18
NO CHANGE
Target $61
LOOP
Buy
United Natural Foods positioned for rise of online grocery, says Loop Capital
Loop Capital analyst Andrew Wolf kept his Buy rating and $61 price target on United Natural Foods, saying the company is best positioned to capitalize on the growing shopping trend of buying groceries online. The analyst notes that the company already supplies Whole Foods (AMZN) and Kroger (KR) with natural and specialty foods as well as health and beauty care goods. Wolf adds that United Natural Foods also offers "backstage capabilities and merchandising curation" that serve the broader market as well as independent natural retailers. The analyst further points to the company's 23% sales increase in e-commerce reported in its most recent quarter.
07/13/18
LEHM
07/13/18
NO CHANGE
Target $1850
LEHM
Overweight
Amazon.com price target raised to $1,850 from $1,700 at Barclays
Barclays analyst Ross Sandler backed an Overweight rating on Amazon and raised his price target to $1,850, telling investors in a research note that the company is likely to report broadly in line revenue and another solid OI quarter in Q2. Sandler, who believes the company may guide conservatively for Q3 on FX and seasonally low OI, says he would add to positions into the print as Amazon has traded up four out of the past seven July earnings, and says Amazon is one of his favorite long-term ideas in consumer internet.
07/13/18
JEFF
07/13/18
NO CHANGE
Target $240
JEFF
Buy
Facebook price target raised to $240 from $215 at Jefferies
Jefferies analyst Brent Thill raised his price target for Facebook (FB) shares to $240 from $215 ahead of the Q2 reporting season for the Internet space. The social media giant closed yesterday up 2% to $206.98. Amazon.com (AMZN), Facebook and Google (GOOGL) are the analyst's top large-cap picks into the earnings season. Expedia (EXPE) is Thill's top value play while IAC (IAC) and GoDaddy (GDDY) are his favorite names among smaller caps. Facebook continues to be the best return on investment for advertisers as Instagram shows continued strength and more ad opportunities are being added, Thill tells investors in a research note on the Internet space. He sees earnings per share of $10-plus "on the horizon." A 25-30 times multiple off that yields a stock price of $250-$300 for Facebook, the analyst points out. Thill keeps a Buy rating on the name.

TODAY'S FREE FLY STORIES

CAMP

CalAmp

$19.44

0.44 (2.32%)

08:55
10/15/18
10/15
08:55
10/15/18
08:55
Initiation
CalAmp initiated  »

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ELAN

Elanco

$32.66

0.31 (0.96%)

08:55
10/15/18
10/15
08:55
10/15/18
08:55
Initiation
Elanco initiated  »

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  • 06

    Nov

BAC

Bank of America

$28.42

0.07 (0.25%)

, GE

General Electric

$12.29

-0.43 (-3.38%)

08:55
10/15/18
10/15
08:55
10/15/18
08:55
Options
Notable open interest changes for October 15th »

Friday's total…

BAC

Bank of America

$28.42

0.07 (0.25%)

GE

General Electric

$12.29

-0.43 (-3.38%)

AAPL

Apple

$222.10

7.61 (3.55%)

AMD

AMD

$26.37

1.07 (4.23%)

03/08/13
Wedge Partners
03/08/13
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  • 15

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  • 06

    Dec

AAPL

Apple

$222.10

7.61 (3.55%)

08:55
10/15/18
10/15
08:55
10/15/18
08:55
Recommendations
Apple analyst commentary  »

China consumer slowdown…

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AMTD

TD Ameritrade

$50.52

0.72 (1.45%)

08:55
10/15/18
10/15
08:55
10/15/18
08:55
Conference/Events
TD Ameritrade to hold a daily program »

TD Ameritrade Network, a…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 23

    Oct

HRS

Harris

$154.88

0.61 (0.40%)

, LLL

L3 Technologies

$195.99

0.74 (0.38%)

08:53
10/15/18
10/15
08:53
10/15/18
08:53
Recommendations
Harris, L3 Technologies analyst commentary  »

Harris, L3 should trade…

HRS

Harris

$154.88

0.61 (0.40%)

LLL

L3 Technologies

$195.99

0.74 (0.38%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 15

    Oct

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  • 16

    Oct

KLAC

KLA-Tencor

$93.18

1.37 (1.49%)

08:53
10/15/18
10/15
08:53
10/15/18
08:53
Downgrade
KLA-Tencor rating change  »

KLA-Tencor downgraded to…

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03/06/13
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08:50
10/15/18
10/15
08:50
10/15/18
08:50
General news
Treasury Action: yields retreated on the damp retail sales print »

Treasury Action: yields…

SCHW

Charles Schwab

$49.02

0.89 (1.85%)

08:49
10/15/18
10/15
08:49
10/15/18
08:49
Earnings
Charles Schwab reports Q3 EPS 65c, consensus 65c »

Reports Q3 revenue…

03/08/13
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03/08/13
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03/06/13
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  • 19

    Oct

WNC

Wabash

$13.54

-3.24 (-19.31%)

08:48
10/15/18
10/15
08:48
10/15/18
08:48
Recommendations
Wabash analyst commentary  »

Wabash price target…

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  • 31

    Oct

  • 06

    Nov

AQ

Aquantia

$11.45

0.13 (1.15%)

08:47
10/15/18
10/15
08:47
10/15/18
08:47
Initiation
Aquantia initiated  »

Aquantia initiated with a…

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03/06/13
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  • 25

    Oct

TDOC

Teladoc

$65.99

3.57 (5.72%)

08:46
10/15/18
10/15
08:46
10/15/18
08:46
Recommendations
Teladoc analyst commentary  »

Teladoc price target…

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  • 01

    Nov

ACRX

AcelRx

$3.95

(0.00%)

08:45
10/15/18
10/15
08:45
10/15/18
08:45
Recommendations
AcelRx analyst commentary  »

AcelRx price target…

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  • 03

    Nov

CGC

Canopy Growth

$49.79

2.64 (5.60%)

, CWH

Camping World

$21.37

0.42 (2.00%)

08:45
10/15/18
10/15
08:45
10/15/18
08:45
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

CGC

Canopy Growth

$49.79

2.64 (5.60%)

CWH

Camping World

$21.37

0.42 (2.00%)

BLUE

Bluebird Bio

$125.92

-0.81 (-0.64%)

BGS

B&G Foods

$25.83

-0.16 (-0.62%)

CPB

Campbell Soup

$37.10

-0.05 (-0.13%)

IYT

iShares Transportation Average

$188.69

1.55 (0.83%)

NTR

Nutrien

$54.11

0.05 (0.09%)

SHPG

Shire

$170.37

2.14 (1.27%)

GERN

Geron

$1.69

0.02 (1.20%)

CX

Cemex

$6.23

0.145 (2.38%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 22

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  • 06

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  • 13

    Nov

  • 01

    Dec

  • 21

    Dec

08:45
10/15/18
10/15
08:45
10/15/18
08:45
General news
FX Action: The dollar »

FX Action: The dollar…

08:45
10/15/18
10/15
08:45
10/15/18
08:45
General news
U.S. October Empire State index rebounded 2.1 ticks to 21.1 »

U.S. October Empire State…

BYD

Boyd Gaming

$31.86

0.13 (0.41%)

, GLPI

Gaming and Leisure Properties

$34.09

0.01 (0.03%)

08:43
10/15/18
10/15
08:43
10/15/18
08:43
Hot Stocks
Boyd Gaming completes acquisition of four Pinnacle Entertainment assets »

Boyd Gaming has completed…

BYD

Boyd Gaming

$31.86

0.13 (0.41%)

GLPI

Gaming and Leisure Properties

$34.09

0.01 (0.03%)

03/08/13
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  • 01

    Nov

ROK

Rockwell Automation

$172.89

2.3 (1.35%)

08:43
10/15/18
10/15
08:43
10/15/18
08:43
Downgrade
Rockwell Automation rating change  »

Rockwell Automation…

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VIPS

Vipshop

$5.41

0.345 (6.82%)

08:43
10/15/18
10/15
08:43
10/15/18
08:43
Recommendations
Vipshop analyst commentary  »

Vipshop price target…

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03/06/13
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FTSI

FTS International

$12.21

0.3 (2.52%)

08:41
10/15/18
10/15
08:41
10/15/18
08:41
Upgrade
FTS International rating change  »

FTS International…

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  • 30

    Oct

SPY

SPDR S&P 500 ETF Trust

$275.95

3.51 (1.29%)

, SPX

S&P 500

$0.00

(0.00%)

08:41
10/15/18
10/15
08:41
10/15/18
08:41
General news
Trump says Saudi Arabia's King denies knowledge of what happened to journalist »

President Donald Trump…

SPY

SPDR S&P 500 ETF Trust

$275.95

3.51 (1.29%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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HSC

Harsco

$24.87

-0.24 (-0.96%)

08:40
10/15/18
10/15
08:40
10/15/18
08:40
Hot Stocks
Harsco Rail awarded multiyear MTA contract valued at approx. $40M »

Harsco Corporation's…

03/08/13
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03/06/13
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  • 31

    Oct

08:40
10/15/18
10/15
08:40
10/15/18
08:40
General news
U.S. retail sales rose 0.1% in September, and fell 0.1% excluding autos »

U.S. retail sales rose…

KRYS

Krystal Biotech

$15.49

0.58 (3.89%)

08:40
10/15/18
10/15
08:40
10/15/18
08:40
Conference/Events
Krystal Biotech to hold a conference call »

Management holds a…

03/08/13
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03/08/13
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03/06/13
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  • 15

    Oct

DLGNF

Dialog Semiconductor

$0.00

(0.00%)

08:39
10/15/18
10/15
08:39
10/15/18
08:39
Upgrade
Dialog Semiconductor rating change  »

Dialog Semiconductor…

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03/06/13
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