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NTAP

NetApp

$82.99

1.01 (1.23%)

, PSTG

Pure Storage

$22.58

0.3 (1.35%)

08:41
08/09/18
08/09
08:41
08/09/18
08:41

Stifel raises NetApp, Pure Storage estimates following channel checks

Stifel analyst Matthew Sheerin said his recent survey of storage-focused value-added-resellers indicated a "highly bullish" tone on all-flash-array spending and he raised his July-quarter estimates for both NetApp (NTAP) and Pure Storage (PSTG) to above consensus following the checks. Despite what he sees as a "relatively stretched valuation," he remains positive on Pure Storage shares, Sheerin tells investors. He maintains a Buy rating and raised his price target on NetApp to $91 from $80 ahead of the company's earnings report, due on August 15. Sheerin keeps a Hold rating on Pure Storage as he sees continued investments keeping operating leverage in check.

NTAP

NetApp

$82.99

1.01 (1.23%)

PSTG

Pure Storage

$22.58

0.3 (1.35%)

  • 15

    Aug

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    Aug

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    Aug

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    Sep

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    Sep

NTAP NetApp
$82.99

1.01 (1.23%)

07/24/18
SUSQ
07/24/18
NO CHANGE
Target $105
SUSQ
Positive
NetApp price target raised to $105 from $75 at Susquehanna
Susquehanna analyst Mehdi Hosseini raised his price target on NetApp to $105 from $75, which is supported by his sum-of-the-parts analysis. He said two differentiating factors for NetApp is the installed base migration to flash and the cloud strategy. Hosseini, who does not believe the positive mix shift and the cloud business potential are fully priced into the shares, reiterated his Positive rating on NetApp.
07/12/18
07/12/18
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. Galmed (GLMD) initiated with an Overweight at Cantor Fitzgerald. 2. VF Corp. (VFC) initiated with a Buy at Deutsche Bank. 3. NetApp (NTAP) initiated with a Buy at Guggenheim. 4. Rayonier Advanced Materials (RYAM) initiated with a Buy at Berenberg. 5. Ebix (EBIX) initiated with a Buy at Maxim. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/12/18
GUGG
07/12/18
INITIATION
Target $94
GUGG
Buy
NetApp initiated with a Buy at Guggenheim
Guggenheim initiated NetApp with a Buy and $94 price target.
07/10/18
DADA
07/10/18
NO CHANGE
Target $90
DADA
Buy
NetApp price target raised to $90 from $83 at DA Davidson
DA Davidson analyst Mark Kelleher raised his price target on NetApp to $90 and kept his Buy rating, citing the company's successful transition into the flash storage system market. The analyst adds that NetApp derives strong revenue tailwinds from its strategic products, while the headwinds of its mature products continue to moderate. Kelleher further states that NetApp offers strong cash flow, a commitment to its stock buyback program, and a dividend payout while trading at a multiple that is likely undervalued.
PSTG Pure Storage
$22.58

0.3 (1.35%)

07/27/18
07/27/18
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. NXP Semiconductors (NXPI) reinstated with a Neutral at BofA/Merrill. 2. uniQure (QURE) initiated with an Overweight at Cantor Fitzgerald. 3. Autolus Therapeutics (AUTL) initiated with a Neutral at Goldman Sachs. 4. Pure Storage (PSTG) initiated with an Overweight at JPMorgan. 5. Plains All American (PAA) initiated with a Buy at Seaport Global. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/27/18
JPMS
07/27/18
INITIATION
Target $30
JPMS
Overweight
Pure Storage initiated with an Overweight at JPMorgan
JPMorgan analyst Mark Murphy started Pure Storage with an Overweight rating and $30 price target. Pure is one of the "very few" companies that can "improve the reliability factor of cheap consumer grade flash with the help of software, thus driving cost-efficiencies to make flash broadly palatable for the enterprise," Murphy tells investors in a research note. He expects the company to continue to grow revenue and billings "at a fairly strong clip."
06/05/18
STFL
06/05/18
INITIATION
Target $23
STFL
Hold
Pure Storage resumed with a Hold at Stifel
Stifel analyst Matthew Sheerin resumed coverage of Pure Storage with a Hold rating and $23 price target, stating that he expects significant leverage and cash-flow generation as volumes increase but also noting that the shares are trading at a "fair" valuation that is at the upper end of their historic average.
05/22/18
SRCH
05/22/18
NO CHANGE
Target $30
SRCH
Buy
Pure Storage price target raised to $30, buy on weakness, says Summit Insights
Summit Insights analyst Srini Nandury raised Buy rated Pure Storage's price target to $30 from $25 following another "solid" quarter. The analyst has increased confidence Pure Storage will continue to post solid growth, driven by Flash Blade traction and continued momentum in Flash Array. Further, Nandury expects disruptions at EMC/Dell will be a benefit to the company, and other placers in the space, and recommends using weakness in Pure Storage shares as a buying opportunity.

TODAY'S FREE FLY STORIES

AAPL

Apple

$179.47

-6.33 (-3.41%)

, AMZN

Amazon.com

$1,505.00

-6.67 (-0.44%)

11:06
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Hot Stocks
White House asks for comment on possible emerging technology export restrictions »

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AAPL

Apple

$179.47

-6.33 (-3.41%)

AMZN

Amazon.com

$1,505.00

-6.67 (-0.44%)

GOOGL

Alphabet Class A

$1,027.00

0.77 (0.08%)

GOOG

Alphabet

$1,018.84

-0.16 (-0.02%)

IBM

IBM

$118.62

-1.75 (-1.45%)

FB

Facebook

$133.10

1.48 (1.12%)

03/08/13
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AMZN

Amazon.com

$1,501.81

-9.86 (-0.65%)

11:04
11/20/18
11/20
11:04
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11:04
Technical Analysis
Technical Take: Amazon.com hits highs of the session »

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  • 28

    Nov

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OKTA

Okta

$47.47

-1.17 (-2.41%)

11:03
11/20/18
11/20
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11:03
Hot Stocks
Okta continues expansion of API gateway partner ecosystem »

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  • 05

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    Jan

AJG

Arthur J. Gallagher

$77.73

-0.6 (-0.77%)

11:02
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11:02
Hot Stocks
Arthur J. Gallagher acquires JP Tech Insurance Services, terms not disclosed »

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DNR

Denbury Resources

$2.29

-0.155 (-6.34%)

11:00
11/20/18
11/20
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11:00
Options
2-strike put buyers in Denbury Resources as shares drop 9.3% »

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11:00
11/20/18
11/20
11:00
11/20/18
11:00
General news
Atlanta Fed's Q4 GDPNow estimate was cut to 2.5% »

Atlanta Fed's Q4…

DB

Deutsche Bank

$9.38

-0.39 (-3.99%)

, DNSKY

Danske Bank

$0.00

(0.00%)

10:56
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Periodicals
Deutsche finds $150B of suspicious flows tied to Danske, WSJ reports »

Deutsche Bank's (DB)…

DB

Deutsche Bank

$9.38

-0.39 (-3.99%)

DNSKY

Danske Bank

$0.00

(0.00%)

03/08/13
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NURO

NeuroMetrix

$0.98

-0.02 (-2.00%)

10:53
11/20/18
11/20
10:53
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10:53
Hot Stocks
NeuroMetrix issued new U.S. patent for Quell wearable technology »

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  • 04

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X

U.S. Steel

$26.42

-0.86 (-3.15%)

10:50
11/20/18
11/20
10:50
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10:50
Options
US Steel sees put buying as shares drop 4.4% »

US Steel sees put buying…

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SNAP

Snap

$5.98

-0.075 (-1.24%)

10:47
11/20/18
11/20
10:47
11/20/18
10:47
Periodicals
Snap soon to debut new, higher-priced Spectacles with two cameras, Cheddar says »

Snap is looking to debut…

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TLSA

Tiziana Therapeutics

$0.00

(0.00%)

10:45
11/20/18
11/20
10:45
11/20/18
10:45
Syndicate
Tiziana Therapeutics opens at $10.50, IPO priced at $9.90 »

Tiziana Therapeutics…

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  • 20

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BE

Bloom Energy

$14.00

-0.5 (-3.45%)

10:45
11/20/18
11/20
10:45
11/20/18
10:45
Conference/Events
Bloom Energy has a conference call hosted by JPMorgan »

JPMorgan Analyst Coster…

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  • 20

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$264.96

-4.32 (-1.60%)

10:42
11/20/18
11/20
10:42
11/20/18
10:42
Technical Analysis
Technical Take: SPDR S&P 500 ETF breaks back above $265 »

The SPDR S&P 500 ETF…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$264.96

-4.32 (-1.60%)

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MS

Morgan Stanley

$42.91

-1.51 (-3.40%)

10:40
11/20/18
11/20
10:40
11/20/18
10:40
Options
Put spreads in Morgan Stanley weekly options as shares fall to 52-week lows »

Put spreads in Morgan…

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AMZN

Amazon.com

$1,478.00

-33.67 (-2.23%)

10:38
11/20/18
11/20
10:38
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10:38
Technical Analysis
Technical Take: Amazon.com breaks back above $1500 »

The stock saw a deep low…

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  • 28

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BBY

Best Buy

$63.02

0.83 (1.33%)

10:31
11/20/18
11/20
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Hot Stocks
Best Buy expects calendar shift to have positive impact of approx. 50bps in Q4 »

CFO Corie Barry says…

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  • 20

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BAC

Bank of America

$26.99

-0.77 (-2.77%)

10:30
11/20/18
11/20
10:30
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10:30
Options
Far downside puts opened in BofA »

Far downside puts opened…

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  • 12

    Feb

NVDA

Nvidia

$142.45

-2.21 (-1.53%)

10:23
11/20/18
11/20
10:23
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10:23
Hot Stocks
Nvidia turns positive as Citron sees opportunity to buy »

Shares of Nvidia, which…

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  • 26

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WMT

Walmart

$94.27

-2.53 (-2.61%)

10:23
11/20/18
11/20
10:23
11/20/18
10:23
Downgrade
Walmart rating change  »

Walmart downgraded to…

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BBY

Best Buy

$64.10

1.91 (3.07%)

10:21
11/20/18
11/20
10:21
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10:21
Hot Stocks
Best Buy sees opportunities in connected health space »

CEO Hubert Joly says…

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  • 20

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FXI

iShares China Large-Cap ETF

$40.19

-0.6 (-1.47%)

10:20
11/20/18
11/20
10:20
11/20/18
10:20
Options
Global selloff draws bullish vertical spread in China ETF »

Global selloff draws…

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NVDA

Nvidia

$143.52

-1.14 (-0.79%)

10:20
11/20/18
11/20
10:20
11/20/18
10:20
Periodicals
Citron Research says buying Nvidia »

Citron Research tweeted:…

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  • 26

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10:20
11/20/18
11/20
10:20
11/20/18
10:20
General news
U.S. credit ETFs are probing lows again »

U.S. credit ETFs are…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
11/20/18
11/20
10:17
11/20/18
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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HXL

Hexcel

$57.00

-1.9 (-3.23%)

, CTT

CatchMark Timber

$8.89

-0.26 (-2.84%)

10:16
11/20/18
11/20
10:16
11/20/18
10:16
Initiation
On The Fly: Top five analyst initiations »

Catch up on today's…

HXL

Hexcel

$57.00

-1.9 (-3.23%)

CTT

CatchMark Timber

$8.89

-0.26 (-2.84%)

BBU

Brookfield Business Partners

$36.34

(0.00%)

NVTA

Invitae

$12.12

-0.66 (-5.16%)

MTEM

Molecular Templates

$4.59

(0.00%)

03/08/13
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03/06/13
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03/06/13
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  • 21

    Nov

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