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COHU

Cohu

$26.53

-0.89 (-3.25%)

, EXTR

Extreme Networks

$6.09

-2.875 (-32.09%)

08:21
08/09/18
08/09
08:21
08/09/18
08:21

DA Davidson to hold a forum

10th Annual Technology Forum will be held in New York on August 9.

COHU

Cohu

$26.53

-0.89 (-3.25%)

EXTR

Extreme Networks

$6.09

-2.875 (-32.09%)

NANO

Nanometrics

$41.86

0.14 (0.34%)

RTEC

Rudolph Technologies

$28.00

0.4 (1.45%)

  • 09

    Aug

  • 12

    Aug

  • 28

    Aug

  • 06

    Sep

  • 12

    Sep

COHU Cohu
$26.53

-0.89 (-3.25%)

05/29/18
STFL
05/29/18
DOWNGRADE
Target $14
STFL
Hold
Xcerra downgraded to Hold from Buy at Stifel
Stifel analyst Patrick Ho downgraded Xcerra (XCRA) to Hold from Buy citing his belief that its acquisition by Cohu (COHU) will be completed before year end. The analyst, who raised his price target for Xcerra to $14 from $13, does not believe there will be any competitive bids and sees the deal passing U.S. and European regulatory hurdles.
05/25/18
DADA
05/25/18
NO CHANGE
Target $14
DADA
Neutral
Xcerra attractive in either scenario of Cohu deal uncertainty, says DA Davidson
DA Davidson analyst Thomas Diffely keeps his Neutral rating and $14 price target on Xcerra (XCRA), saying that its "solid" results and momentum from recent share gains make it an attractive investment regardless of the outcome of the pending Cohu (COHU) acquisition. The analyst notes that the regulatory process has been unpredictable over the past year, but he is positive on the stock based on the "combination of a somewhat modest premium to be paid by Cohu and the strong underlying business activity".
05/09/18
RILY
05/09/18
DOWNGRADE
Target $14
RILY
Neutral
Xcerra downgraded to Neutral from Buy at B. Riley FBR
B. Riley FBR analyst Craig Ellis downgraded Xcerra (XCRA) to Hold and lowered his price target for the shares to $14 from $15 to reflect the takeover by Cohu (COHU).
05/09/18
NEED
05/09/18
DOWNGRADE
NEED
Hold
Xcerra downgraded to Hold at Needham on acquisition
As reported earlier, Needham analyst Y. Edwin Mok downgraded Xcerra (XCRA) to Hold from Buy after the announcement that it is being acquired by Cohu for $9 per share in cash and 0.21 a share of Cohu (COHU) stock. Mok says there is limited upside from the deal's combined price of $13.92 per share and does not see the possibility of another bidder emerging. While the analyst expects some regulatory scrutiny given the product overlaps of the two companies, he ultimately sees the deal winning approval.
EXTR Extreme Networks
$6.09

-2.875 (-32.09%)

07/25/18
JMPS
07/25/18
NO CHANGE
JMPS
Outperform
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.
08/08/18
NEED
08/08/18
DOWNGRADE
NEED
Hold
Extreme Networks downgraded to Hold from Buy at Needham
08/08/18
08/08/18
DOWNGRADE

Hold
Extreme Networks downgraded to Hold on data center issues at Needham
As previously reported, Needham analyst Alex Henderson downgraded Extreme Networks to Hold from Buy, stating that in addition to working through previously disclosed pricing issues at Avaya and Brocade, Extreme announced new data center issues it must also address. He thinks it will take well into 2019 to prove these issues can be effectively managed and expects the stock to "tread water" in the meantime, Henderson tells investors.
08/09/18
COWN
08/09/18
DOWNGRADE
COWN
Market Perform
Extreme Networks downgraded to Market Perform from Outperform at Cowen
NANO Nanometrics
$41.86

0.14 (0.34%)

08/01/18
BNCH
08/01/18
NO CHANGE
Target $43
BNCH
Buy
Nanometrics price target raised to $43 from $36 at Benchmark
Benchmark analyst Mark Miller noted that Nanometrics reported "record" Q2 results and he believes that its push outs will lower second half sales but provide a boost to FY19. He raised his price target on the stock to $43 following the Q2 report and keeps a Buy rating on Nanometrics.
07/02/18
DADA
07/02/18
NO CHANGE
Target $42
DADA
Buy
Nanometrics price target raised to $42 from $35 at DA Davidson
DA Davidson analyst Thomas Diffely raised his price target on Nanometrics to $42 and kept his Buy rating, saying the 18% decline in the stock price over the past few weeks reflecting 3D NAND push out and CFO resignation present a buying opportunity. The analyst notes that the price reaction is "overdone", anticipating the company to be a "relative outperformer" over the next couple of quarters amid a "slug of business" by its new customer in China. Diffely also raises his FY19 EPS target on Nanometrics to $2.45 from $2.25.
05/29/18
05/29/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Novartis (NVS) downgraded to Hold from Buy at HSBC. 2. Nokia (NOK) downgraded to Hold from Buy at Nordea. 3. Infinera (INFN) downgraded to Underperform from Hold at Jefferies with analyst George Notter saying he believes the upside case is fairly reflected at current valuation levels while the company's innovation lagging peers. 4. Saratoga Investment (SAR) downgraded to Neutral from Buy at Compass Point. 5. Nanometrics (NANO) downgraded to Hold from Buy at Stifel with analyst Patrick Ho citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/29/18
05/29/18
DOWNGRADE
Target $40

Hold
Nanometrics downgraded to Hold following rally at Stifel
As previously reported, Stifel analyst Patrick Ho downgraded Nanometrics to Hold from Buy citing valuation following the stock's strong price performance year-to-date. Ho, who made no change in his favorable thesis on Nanometrics' market position and opportunities in the metrology market, raised his price target on the stock to $40 from $35 to reflect a slightly higher multiple on his unchanged FY19 EPS estimate.
RTEC Rudolph Technologies
$28.00

0.4 (1.45%)

09/18/17
DADA
09/18/17
NO CHANGE
DADA
Rudolph Technologies seeing share gains, says DA Davidson
After attending Rudolph's Analyst Meeting, DA Davidson analyst Thomas Diffely says that the company has "significant growth drivers" and is seeing share gains, driven by its new products. He believes that its "current markets remain robust," and he notes that it raised the high end of its revenue model by $400M. The analyst believes that the company's EPS can approach $3.25 in the medium term and he keeps a Buy rating on the stock.
03/16/18
SIDC
03/16/18
INITIATION
Target $36
SIDC
Neutral
Rudolph Technologies initiated with a Neutral at Sidoti
Sidoti started Rudolph Technologies with a Neutral rating and $36 price target.
04/02/18
SIDC
04/02/18
UPGRADE
SIDC
Buy
Rudolph Technologies upgraded to Buy from Neutral at Sidoti
06/04/18
SIDC
06/04/18
DOWNGRADE
SIDC
Neutral
Rudolph Technologies downgraded to Neutral from Buy at Sidoti

TODAY'S FREE FLY STORIES

ADBE

Adobe

$247.71

2.27 (0.92%)

17:46
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17:46
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Adobe says adding Marketo immediately adds revenue growth »

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  • 13

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AES

AES Corp.

$15.78

-0.11 (-0.69%)

17:45
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17:45
Conference/Events
AES Corp. management to meet with SunTrust »

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  • 13

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MTN

Vail Resorts

$221.16

-3.77 (-1.68%)

17:42
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17:42
Hot Stocks
Vail Resorts director John Sorte sells over $500,000 in company shares »

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YECO

Yulong Eco-Materials

$5.00

0.42 (9.17%)

17:42
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Hot Stocks
Yulong Eco-Materials delisting from Nasdaq »

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OLP

One Liberty Properties

$26.17

-0.09 (-0.34%)

17:42
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Hot Stocks
One Liberty Properties acquires industrial property in Missouri for $10M »

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UNFI

United Natural Foods

$11.58

-1.18 (-9.25%)

17:38
12/13/18
12/13
17:38
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17:38
Hot Stocks
United Natural Foods Chairman Steven Spinner buys 18,000 shares »

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EME

Emcor

$64.78

-1.07 (-1.62%)

17:37
12/13/18
12/13
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17:37
Initiation
Emcor initiated  »

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CECE

CECO Environmental

$7.54

-0.14 (-1.82%)

17:36
12/13/18
12/13
17:36
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17:36
Initiation
CECO Environmental initiated  »

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  • 13

    Dec

  • 14

    Dec

CPA

Copa Holdings

$77.37

-2.55 (-3.19%)

17:34
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Hot Stocks
Copa Holdings reports November traffic up 6.7% »

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GVA

Granite Construction

$41.40

-1.35 (-3.16%)

17:32
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17:32
Hot Stocks
Granite Construction appoints Michael Barker VP, Corporate Controller »

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TSLA

Tesla

$376.86

10.1 (2.75%)

17:30
12/13/18
12/13
17:30
12/13/18
17:30
Initiation
Tesla initiated  »

Deutsche Bank starts…

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  • 13

    Dec

JBHT

J.B. Hunt

$95.89

-2.36 (-2.40%)

17:30
12/13/18
12/13
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17:30
Hot Stocks
Breaking Hot Stocks news story on J.B. Hunt »

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CNP

CenterPoint Energy

$29.35

0.45 (1.56%)

17:26
12/13/18
12/13
17:26
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17:26
Upgrade
CenterPoint Energy rating change  »

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ATO

Atmos Energy

$99.55

0.92 (0.93%)

17:26
12/13/18
12/13
17:26
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17:26
Downgrade
Atmos Energy rating change  »

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UGI

UGI Corporation

17:26
12/13/18
12/13
17:26
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17:26
Downgrade
UGI Corporation rating change  »

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TSLA

Tesla

$376.86

10.1 (2.75%)

17:25
12/13/18
12/13
17:25
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17:25
Initiation
Tesla initiated  »

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  • 13

    Dec

GMS

GMS Inc.

$14.88

-0.6 (-3.88%)

17:25
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17:25
Hot Stocks
GMS Inc.'s Ross acquires 100,000 common shares »

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WM

Waste Management

$91.37

0.43 (0.47%)

17:25
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Waste Management boosts dividend, plans $1.5B buyback »

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CIEN

Ciena

$34.90

2.765 (8.60%)

17:20
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  • 13

    Dec

TROX

Tronox

$7.77

0.05 (0.65%)

17:14
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Tronox CFO Timothy Carlson buys 21,000 shares of company stock »

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STX

Seagate

$39.39

-0.61 (-1.53%)

, WDC

Western Digital

$39.95

-1.01 (-2.47%)

17:13
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STX

Seagate

$39.39

-0.61 (-1.53%)

WDC

Western Digital

$39.95

-1.01 (-2.47%)

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  • 07

    Jan

UHS

Universal Health

$132.00

0.765 (0.58%)

17:12
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17:12
Downgrade
Universal Health rating change  »

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WCG

WellCare

$244.34

-0.42 (-0.17%)

17:09
12/13/18
12/13
17:09
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17:09
Upgrade
WellCare rating change  »

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ACIA

Acacia Communications

$42.25

-0.62 (-1.45%)

17:08
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17:08
Hot Stocks
Acacia reports 400G single carrier DWDM transmission on Marea cable »

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IMAX

Imax

$19.35

-0.2 (-1.02%)

17:07
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Hot Stocks
Imax to close remaining VR locations, sees one-time charges of $6.9M in Q4 »

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