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FFIV

F5 Networks

$172.71

1.06 (0.62%)

, S

Sprint

$5.46

-0.015 (-0.27%)

13:39
07/20/18
07/20
13:39
07/20/18
13:39

F5 Networks names Sprint CEO Michel Combes to board

F5 Networks (FFIV) announced the appointment of Michel Combes, CEO of Sprint (S), to its board of directors.

FFIV

F5 Networks

$172.71

1.06 (0.62%)

S

Sprint

$5.46

-0.015 (-0.27%)

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FFIV F5 Networks
$172.71

1.06 (0.62%)

07/19/18
07/19/18
DOWNGRADE
Target $130

Underweight
Morgan Stanley sees risk to F5 Networks estimates, downgrades to Underweight
As previously reported, Morgan Stanley analyst James Faucette downgraded F5 Networks to Underweight from Equal Weight after his survey of Value Added Resellers pointed to a continued deceleration in F5 sales over the near-term and declining sales next year. His channel checks suggest an in-line June quarter, but the firm's surveys have typically been a one to two quarter leading indicator on F5 growth, said Faucette. He notes consensus estimates give credit to management's guidance for "low-to-mid single digit" growth, but he sees that as at risk given his survey findings. Faucette keeps a $130 price target on F5 Networks shares.
07/19/18
MSCO
07/19/18
DOWNGRADE
MSCO
Underweight
F5 Networks downgraded to Underweight from Equal Weight at Morgan Stanley
07/05/18
JPMS
07/05/18
NO CHANGE
Target $211
JPMS
Overweight
F5 Networks down nearly 5% from 52-week high, says JPMorgan
Shares of F5 Networks are down 4.7% from their 52-week high on June 15 reflecting concerns that include, in-part, a "misunderstood impact of growth" of public cloud on the company and the use of less appropriate valuation metrics like price-to-earnings, which underappreciate the company's cash flow generation, JPMorgan analyst Samik Chatterjee tells investors in a research note after speaking to investors. In contrast to the largest bear case, which underscores a lower content opportunity for F5 on workloads hosted on the public cloud, the company's virtual ADC products have gained at a 37% annual growth rate over the last two years relative to 18% for the industry, the analyst contends. He reiterates an Overweight rating on F5 with a $211 price target.
06/22/18
DBAB
06/22/18
NO CHANGE
DBAB
Sell
Deutsche cautious on F5 Networks into earnings
Deutsche Bank analyst Vijay Bhagavath is cautious on F5 Networks ahead of the company's earnings report in late July. Current consensus expectations for sales and margins are elevated, Bhagavath tells investors in a research note. The analyst keeps a Sell rating on the shares.
S Sprint
$5.46

-0.015 (-0.27%)

06/28/18
06/28/18
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. Air Transport Services (ATSG) upgraded to Buy from Hold at Stifel with analyst David Ross saying shares are attractive at current levels given long-term growth prospects. 2. T-Mobile (TMUS) upgraded to Outperform from Market Perform at Wells Fargo with analyst Jennifer Fritzsche stating that recent conversations with some of his DC contacts have made him more optimistic that a deal to merge with Sprint (S) could be approved. 3. Talend (TLND) upgraded to Buy from Neutral at with analyst Tyler Radke saying a survey of Chief Data Officers shows "strong spending signals" while the company's competitive backdrop is favorable amid "increasing cloud tailwinds". 4. Regions Financial (RF) upgraded to Neutral from Underperform at Baird with analyst David George citing the recent pullback, which he thinks has made the valuation more reasonable. 5. Twilio (TWLO) upgraded to Buy from Hold at Argus with analyst Jim Kelleher saying the pullback in the stock price has created a more favorable entry point. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/27/18
LEHM
06/27/18
INITIATION
Target $6
LEHM
Equal Weight
Sprint initiated with an Equal Weight at Barclays
Barclays analyst Amir Rozwadowski reinstated coverage of Sprint (S) with an Equal Weight rating and $6 price target, telling investors that while shares should benefit if the proposed deal with T-Mobile (TMUS) is approved, the company's balance sheet and acknowledged need to ramp network investments could strain its financial and competitive flexibility should a deal not come to fruition. Ultimately, Sprint's valuation could see additional pressure if compelled to remain a standalone company, the analyst contends.
06/27/18
LEHM
06/27/18
INITIATION
Target $74
LEHM
Overweight
T-Mobile initiated with an Overweight at Barclays
Barclays analyst Amir Rozwadowski reinstated coverage of T-Mobile (TMUS) with an Overweight rating and $74 price target, telling investors in a research note that while it is difficult to gauge the outcome of the regulatory approval process for the deal between the company and Sprint (S), he thinks T-Mobile's improving cash generation capabilities provide a number of options for investor value creation with or without a deal. The analyst considers T-Mobile the better risk/reward opportunity at current levels.
06/19/18
DBAB
06/19/18
UPGRADE
Target $56
DBAB
Buy
Deutsche sees 23% total return potential in Verizon, upgrades shares to Buy
Deutsche Bank analyst Matthew Niknam upgraded Verizon Communications (VZ) to Buy from Hold with an unchanged price target of $56. The stock closed yesterday down 59c to $47.46. Following a heightened wave of aggressive competitive activity in recent years, wireless fundamentals are "meaningfully improving," Niknam tells investors in a research note. Industry pricing has stabilized, competitive intensity has moderated, and the industry's two biggest disruptors, T-Mobile (TMUS) and Sprint (S), have announced plans to merge, the analyst contends. He expects Verizon's Q2 results to reflect a return to normalized service revenue growth year-over-year for the first time since late 2014. The analyst also sees "upside optionality" for Verizon shares from 5G and Oath. Despite inflecting fundamentals and this optionality, Verizon continues to trade at a discounted valuation, Niknam says. He sees 18% upside from current share levels along with a 5% dividend yield, representing total return potential of 23%.

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