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CYBR

CyberArk

$66.31

-2.26 (-3.30%)

, FTNT

Fortinet

$66.71

-1.52 (-2.23%)

09:18
07/25/18
07/25
09:18
07/25/18
09:18

Checks point to continued cybersecurity momentum, says JMP Securities

JMP Securities analyst Erik Suppiger said his industry checks lead him to believe the cybersecurity spending environment was robust in the June quarter and he raised his price target for CyberArk (CYBR) to $75 from $63 and his target for Fortinet (FTNT) to $78 from $58 to reflect his positive channel checks along with the appreciation of valuation multiples in the space. However, his checks on Extreme (EXTR) suggest the company's challenges with the integration of its recently acquired data center switching business continued this quarter and he trimmed his price target on the stock to $12 from $14. Suppiger keeps Outperform ratings on all three stocks mentioned above.

CYBR

CyberArk

$66.31

-2.26 (-3.30%)

FTNT

Fortinet

$66.71

-1.52 (-2.23%)

EXTR

Extreme Networks

$8.83

-0.03 (-0.34%)

  • 01

    Aug

  • 07

    Aug

  • 08

    Aug

CYBR CyberArk
$66.31

-2.26 (-3.30%)

03/09/18
BOFA
03/09/18
UPGRADE
Target $60
BOFA
Buy
CyberArk upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Daniel Bartus upgraded CyberArk to Buy from Neutral and increased its price target to $60 from $51. Bartus said CyberArk is one of the strongest companies in the high growth market of Privileged Account Management, one of the most critical areas of security, has an attractive relative valuation, and recurring revenue streams that are under-appreciated. The analyst is positive on market tailwinds and sees the potential for 20%+ CAGR through 2020.
05/04/18
JPMS
05/04/18
NO CHANGE
Target $60
JPMS
Neutral
CyberArk price target raised to $60 from $50 at JPMorgan
JPMorgan analyst Sterling Auty raised his price target for CyberArk to $60 saying the company posted one of "cleanest quarters so far this earnings season in cyber security." CyberArk reported "solid" sales results with license revenue coming in ahead of expectations and let all of the upside drop through to the bottom line creating a significant beat for earnings, Auty tells investors in a post-earnings research note. The analyst notes, however, that the March quarter outlook indicates the company needs a higher level of investment to drive growth. Auty keeps a Neutral rating on CyberArk.
06/07/18
UBSW
06/07/18
NO CHANGE
Target $71
UBSW
Buy
CyberArk price target raised to $71 from $64 at UBS
UBS analyst Fatima Boolani raised her price target on CyberArk to $71 from $64 after meeting with management. The analyst cited better visibility into growth drivers, a sales organization on much more stable footing than a year ago, an easier to consume portfolio, and technical advancements that have removed adoption friction. Boolani reiterated her Buy rating on CyberArk shares.
07/17/18
NEED
07/17/18
NO CHANGE
Target $80
NEED
Buy
CyberArk price target raised to $80 from $62 at Needham
Needham analyst Alex Henderson raised his price target on CyberArk to $80 and kept his Buy rating, saying its valuation remains "well under" the security peer group average even though its growth rate is comparable and its operating margins are better than average. The analyst further states that his visits to over 25 security companies suggests a strong quarter for the industry after GDPR went into effect in May.
FTNT Fortinet
$66.71

-1.52 (-2.23%)

06/19/18
COWN
06/19/18
DOWNGRADE
Target $65
COWN
Market Perform
Fortinet downgraded to Market Perform at Cowen
As reported previously, Cowen analyst Gregg Moskowitz downgraded Fortinet to Market Perform from Outperform. The analyst said the company remains well positioned in the network security space, but the historical execution has been inconsistent and he is uncertain as to whether the company can sustain its momentum going forward. Moskowitz raised his price target to $65 from $60 on Fortinet shares.
07/19/18
CLVD
07/19/18
UPGRADE
CLVD
Buy
Fortinet upgraded to Buy from Neutral at Cleveland Research
06/29/18
CLVD
06/29/18
INITIATION
Target $68
CLVD
Neutral
Fortinet initiated with a Neutral at Cleveland Research
Cleveland Research initiated Fortinet with a Neutral and $68 price target.
06/19/18
COWN
06/19/18
DOWNGRADE
COWN
Market Perform
Fortinet downgraded to Market Perform from Outperform at Cowen
EXTR Extreme Networks
$8.83

-0.03 (-0.34%)

12/20/17
12/20/17
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. Weight Watchers (WTW) initiated with a Buy at B. Riley FBR. 2. Cloudera (CLDR) initiated with a Buy at Drexel Hamilton. 3. Trade Desk (TTD) initiated with an Outperform at Wells Fargo. 4. RGC Resources (RGCO) initiated with a Neutral at Janney Capital. 5. Extreme Networks (EXTR) initiated with an Outperform at Cowen. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/03/18
JMPS
01/03/18
INITIATION
Target $16
JMPS
Outperform
Extreme Networks initiated with an Outperform at JMP Securities
JMP Securities analyst Erik Suppiger started Extreme Networks with an Outperform rating and $16 price target, citing his view that its three major acquisitions over the past 18 months bring an opportunity to cross-sell within its installed base and improve gross margins. His checks indicate the company's current channel is excited about the acquisitions, Suppiger added.
01/03/18
01/03/18
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. Itron (ITRI) initiated with a Strong Buy at Raymond James. 2. Extreme Networks (EXTR) initiated with an Outperform at JMP Securities. 3. Flex Pharma (FLKS) resumed with a Buy at Roth Capital. 4. Zynga (ZNGA) initiated with an Outperform at Consumer Edge. 5. Bank of the Ozarks (OZRK) initiated with an Overweight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/20/17
COWN
12/20/17
INITIATION
Target $16
COWN
Outperform
Extreme Networks initiated with an Outperform at Cowen
Cowen initiated Extreme Networks with an Outperform and $16 price target.

TODAY'S FREE FLY STORIES

SWDBY

Swedbank

$0.00

(0.00%)

21:49
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07/17
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21:49
Downgrade
Swedbank rating change  »

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FULC

Fulcrum Therapeutics

$0.00

(0.00%)

20:53
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NFLX

Netflix

$362.50

-3.22 (-0.88%)

20:50
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20:50
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20:50
Recommendations
Netflix analyst commentary at Pivotal Research »

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PSMT

PriceSmart

$61.77

-0.43 (-0.69%)

20:43
07/17/19
07/17
20:43
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20:43
Upgrade
PriceSmart rating change at Scotiabank »

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GMAB

Genmab

$0.00

(0.00%)

20:32
07/17/19
07/17
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20:32
Syndicate
Genmab 28.5M share IPO priced at $17.75 per ADS »

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  • 18

    Jul

POWI

Power Integrations

$79.67

-0.22 (-0.28%)

20:29
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07/17
20:29
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20:29
Upgrade
Power Integrations rating change at Stifel »

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  • 25

    Jul

UNH

UnitedHealth

$266.71

2.11 (0.80%)

, HON

Honeywell

$168.81

-6 (-3.43%)

20:25
07/17/19
07/17
20:25
07/17/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

UNH

UnitedHealth

$266.71

2.11 (0.80%)

HON

Honeywell

$168.81

-6 (-3.43%)

PM

Philip Morris

$81.06

-0.49 (-0.60%)

UNP

Union Pacific

$164.05

-11.05 (-6.31%)

DHR

Danaher

$139.60

-0.22 (-0.16%)

MS

Morgan Stanley

$43.78

-0.63 (-1.42%)

BX

Blackstone

$45.27

-0.555 (-1.21%)

BBT

BB&T

$49.68

0.04 (0.08%)

STI

SunTrust

$63.99

0.08 (0.13%)

NUE

Nucor

$54.71

-0.87 (-1.57%)

GPC

Genuine Parts

$102.27

-3.07 (-2.91%)

ALLY

Ally Financial

$31.44

-0.26 (-0.82%)

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  • 07

    Nov

ADTN

Adtran

$15.84

0.09 (0.57%)

20:07
07/17/19
07/17
20:07
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20:07
Earnings
Adtran reports Q2 adjusted EPS 14c, consensus 8c »

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  • 18

    Jul

BHC

Bausch Health

$22.91

-0.26 (-1.12%)

, PGNX

Progenics

$5.38

0.055 (1.03%)

19:52
07/17/19
07/17
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19:52
Hot Stocks
NJ District Court upholds validity of Relistor patent »

Bausch Health (BHC) and…

BHC

Bausch Health

$22.91

-0.26 (-1.12%)

PGNX

Progenics

$5.38

0.055 (1.03%)

TEVA

Teva

$8.11

-0.07 (-0.86%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 24

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EFC

Ellington Financial

$18.30

0.045 (0.25%)

19:31
07/17/19
07/17
19:31
07/17/19
19:31
Syndicate
Ellington Financial 3.5M share Spot Secondary priced at $17.66 »

Credit Suisse Securities…

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  • 18

    Jul

EPRT

Essential Properties Realty Trust

$19.83

-0.27 (-1.34%)

19:26
07/17/19
07/17
19:26
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19:26
Syndicate
Essential Properties Realty Trust 22.86M share Secondary priced at $19.75 »

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  • 18

    Jul

FTSV

Forty Seven

$8.77

-1.38 (-13.60%)

19:22
07/17/19
07/17
19:22
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Syndicate
Forty Seven 9.38M share Secondary priced at $8.00 »

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  • 09

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SNDE

Sundance Energy

$1.67

-0.17 (-9.24%)

19:20
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Hot Stocks
Sundance Energy to sell Dimmit County assets for $29.5M »

Sundance Energy Australia…

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NYMT

New York Mortgage

$6.25

-0.01 (-0.16%)

19:18
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Syndicate
New York Mortgage 20M share Spot Secondary priced at $6.11 »

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  • 18

    Jul

IBKC

Iberiabank

$74.44

-0.7 (-0.93%)

18:57
07/17/19
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Hot Stocks
Iberiabank raises quarterly dividend by 5% to 45c per share »

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  • 19

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IBKC

Iberiabank

$74.44

-0.7 (-0.93%)

18:56
07/17/19
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Hot Stocks
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  • 19

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EBAY

eBay

$39.03

-0.87 (-2.18%)

, LLNW

Limelight Networks

$2.77

0.18 (6.95%)

18:52
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Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: eBay…

EBAY

eBay

$39.03

-0.87 (-2.18%)

LLNW

Limelight Networks

$2.77

0.18 (6.95%)

NFLX

Netflix

$362.50

-3.22 (-0.88%)

URI

United Rentals

$131.55

-6.05 (-4.40%)

CCK

Crown Holdings

$59.38

-0.88 (-1.46%)

AA

Alcoa

$23.15

-0.18 (-0.77%)

KMI

Kinder Morgan

$20.60

-0.3 (-1.44%)

TCBI

Texas Capital

$58.67

-0.76 (-1.28%)

IBM

IBM

$143.07

-0.47 (-0.33%)

AMRN

Amarin

$21.06

-0.68 (-3.13%)

ROKU

Roku

$109.33

-2.575 (-2.30%)

NYMT

New York Mortgage

$6.25

-0.01 (-0.16%)

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NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:42
07/17/19
07/17
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18:42
Hot Stocks
Breaking Hot Stocks news story on Netflix »

Netflix says will add $5B…

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  • 17

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    Jul

MIRM

Mirum Pharmaceuticals

$0.00

(0.00%)

18:42
07/17/19
07/17
18:42
07/17/19
18:42
Syndicate
Mirum Pharmaceuticals 5M share IPO priced at $15.00 »

The deal priced at the…

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  • 18

    Jul

GSBC

Great Southern Bancorp

$57.85

-0.78 (-1.33%)

18:31
07/17/19
07/17
18:31
07/17/19
18:31
Earnings
Great Southern Bancorp reports Q2 adjusted EPS $1.28, two estimates $1.15 »

Reports Q2 NII $44.9M,…

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  • 18

    Jul

NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:28
07/17/19
07/17
18:28
07/17/19
18:28
Hot Stocks
Netflix makes 'large investment' in original animation »

Says "Stranger…

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  • 17

    Jul

  • 17

    Jul

NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:17
07/17/19
07/17
18:17
07/17/19
18:17
Hot Stocks
Netflix says European shows reaching 12M-15M viewers »

Says European shows…

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  • 17

    Jul

  • 17

    Jul

NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:13
07/17/19
07/17
18:13
07/17/19
18:13
Hot Stocks
Netflix says rate of investment 'extremely high' »

Says has some discretion…

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  • 17

    Jul

  • 17

    Jul

NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:08
07/17/19
07/17
18:08
07/17/19
18:08
Hot Stocks
Netflix says overall additions have returned to normal in Q3 »

Says it's easy to…

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  • 17

    Jul

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    Jul

IBM

IBM

$143.07

-0.47 (-0.33%)

17:53
07/17/19
07/17
17:53
07/17/19
17:53
Hot Stocks
Breaking Hot Stocks news story on IBM »

IBM pares initial…

03/08/13
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03/08/13
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03/06/13
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  • 17

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    Jul

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