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INFN

Infinera

$8.42

-0.02 (-0.24%)

04:55
08/15/18
08/15
04:55
08/15/18
04:55

Infinera management to meet with Needham

Meeting to be held in Boston on August 15 hosted by Needham.

  • 15

    Aug

  • 20

    Aug

INFN Infinera
$8.42

-0.02 (-0.24%)

07/24/18
NORL
07/24/18
UPGRADE
Target $12
NORL
Outperform
Infinera upgraded to Outperform at Northland on added Coriant opportunity
As reported earlier, Northland analyst Tim Savageaux upgraded Infinera to Outperform from Market Perform with a $12 price target, saying the calculus of his March downgrade changes with the acquisition of Coriant, giving the company a double-digit market share in 100G+ optical systems. The analyst also sees the deal price as "attractive" at 0.6-times revenue and the model as "viable" even with conservative synergy assumptions and Infinera's prior acquisition integration challenges.
07/24/18
WBLR
07/24/18
NO CHANGE
WBLR
Outperform
Positives of Infinera deal 'meaningfully' outweigh risks, says William Blair
William Blair analyst Dmitry Netis believes the positives of Infinera's (INFN) acquisition of Coriant "meaningfully" outweigh the risks. If nothing else, the deal takes out a "nonsensical price disrupter from the market," Netis tells investors in a research note. The deal could be also very accretive, if management can execute, which is "no slam dunk," the analyst adds. His first cut pro forma model yields pro forma earnings per share of 78c by 2020 and $1.25 by 2021. Using a 15 times multiple on $1.25 in EPS in 2021, discounted back three years at 15%, yields a fair value of Infinera shares in the low- to mid-teens, Netis writes. He keeps an Outperform rating on Infinera. He also believes Ciena (CIEN) will trade up on the news while Acacia Communications (ACIA) may be pressured given customer consolidation, potential for greater discounting through longer-term price contracts, and risks of vertical integration by Infinera.
07/24/18
07/24/18
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. Mosaic (MOS) double upgraded to Buy from Underperform at BofA/Merrill with analyst Steve Byrne saying he believes 2018 will mark a bottom in global phosphate utilization rates and now believes there is more upside risk to consensus estimates as the cycle improves. 2. Live Nation (LYV) upgraded to Buy from Neutral at BTIG with analyst Brandon Ross saying he is now more convinced that the company will outperform expectations amid inflecting growth rate with an added possibility of M&A. 3. Infinera (INFN) upgraded to Outperform from Market Perform at Northland with analyst Tim Savageaux saying the calculus of his March downgrade changes with the acquisition of Coriant, giving the company a double-digit market share in 100G+ optical systems. 4. Baker Hughes (BHGE) upgraded to Buy from Hold at SunTrust with analyst Ken Sill saying the EPS miss was due to higher interest expense and taxes, as well as an asset charge that is "hopefully non-recurring." 5. Werner (WERN) upgraded to Neutral from Underperform at BofA/Merrill with analyst Ken Hoexter saying Q2 freight demand in One way Truckload was much stronger than normal and revenue per load mile was up 13.3% year-over-year, the strongest level in more than 20 years. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/24/18
07/24/18
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. Whirlpool (WHR) downgraded to Neutral from Buy at Longbow with analyst David MacGregor calling its quarter "disappointing across most dimensions of the business." 2. Gogo (GOGO) downgraded to Market Perform from Outperform at Raymond James with analyst Ric Prentiss saying he expects several more quarters of "turbulence" given potential dilution/rollover risks from 2020 bond convertible bond maturities, churn pressures, continued negative free cash flow, and the airline industry shift to directed pricing. 3. Marriott (MAR) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Thomas Allen saying he is more bullish on the Gaming REITs, given their attractive, dependable yields, and has become more cautious on Lodging, he tells investors. 4. Infinera (INFN) downgraded to Underperform from Market Perform at Raymond James. 5. Hasbro (HAS) downgraded to Neutral from Buy at Monness Crespi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

BIIB

Biogen

$319.85

0.22 (0.07%)

16:58
12/11/18
12/11
16:58
12/11/18
16:58
Conference/Events
Biogen to hold a conference call »

Management provides an…

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  • 12

    Dec

RSYS

RadiSys

$1.72

(0.00%)

16:58
12/11/18
12/11
16:58
12/11/18
16:58
Syndicate
RadiSys requests withdrawal of registration statement »

The company is applying…

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  • 13

    Dec

LDOS

Leidos

$58.65

-0.82 (-1.38%)

, MSFT

Microsoft

$108.67

1.11 (1.03%)

16:51
12/11/18
12/11
16:51
12/11/18
16:51
Hot Stocks
Leidos to collaborate with Microsoft on government and commercial cloud clients »

Leidos (LDOS) announced…

LDOS

Leidos

$58.65

-0.82 (-1.38%)

MSFT

Microsoft

$108.67

1.11 (1.03%)

03/08/13
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  • 03

    Mar

FLS

Flowserve

$44.66

0.055 (0.12%)

16:48
12/11/18
12/11
16:48
12/11/18
16:48
Conference/Events
Flowserve to host analyst day »

Analyst Day to be held in…

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  • 13

    Dec

NEO

NeoGenomics

$13.87

-0.07 (-0.50%)

16:47
12/11/18
12/11
16:47
12/11/18
16:47
Syndicate
Breaking Syndicate news story on NeoGenomics »

NeoGenomics files to sell…

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  • 13

    Dec

DLPH

Delphi Technologies

$16.07

0.26 (1.64%)

16:47
12/11/18
12/11
16:47
12/11/18
16:47
Conference/Events
Delphi Technologies to hold a conference call »

Electronic Controllers…

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  • 12

    Dec

URI

United Rentals

$101.89

0.02 (0.02%)

16:40
12/11/18
12/11
16:40
12/11/18
16:40
Hot Stocks
United Rentals resumes $1.25B share repurchase »

United Rentals announced…

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  • 11

    Dec

  • 13

    Dec

  • 14

    Dec

MRO

Marathon Oil

$15.33

0.03 (0.20%)

16:36
12/11/18
12/11
16:36
12/11/18
16:36
Hot Stocks
Marathon Oil reports successful Bakken core extension in Ajax area »

Marathon Oil announced…

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  • 18

    Dec

URI

United Rentals

$101.89

0.02 (0.02%)

16:36
12/11/18
12/11
16:36
12/11/18
16:36
Earnings
United Rentals sees FY19 revenue $9.15B-$9.55B, consensus $9.15B »

Sees FY19 adjusted EBITDA…

03/08/13
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  • 11

    Dec

  • 13

    Dec

  • 14

    Dec

16:35
12/11/18
12/11
16:35
12/11/18
16:35
General news
API crude inventories for week of December 7 »

API reports that crude…

TPH

TRI Pointe

$11.39

-0.11 (-0.96%)

16:35
12/11/18
12/11
16:35
12/11/18
16:35
Hot Stocks
TRI Pointe acquires Dunhill Homes, Nathan Carlisle Homes for $60M »

TRI Pointe announced that…

03/08/13
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03/06/13
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03/06/13
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MDP

Meredith

$55.82

0.81 (1.47%)

16:35
12/11/18
12/11
16:35
12/11/18
16:35
Conference/Events
Meredith management to meet with Stephens »

Meeting to be held in…

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03/06/13
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  • 17

    Dec

BEN

Franklin Resources

$31.53

-0.52 (-1.62%)

16:34
12/11/18
12/11
16:34
12/11/18
16:34
Hot Stocks
Franklin Resources raises quarterly dividend 13% to 26c per share »

The dividend is payable…

03/08/13
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03/06/13
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BHLB

Berkshire Hills Bancorp

$31.32

0.09 (0.29%)

, SIFI

SI Financial

$13.09

-0.1 (-0.76%)

16:33
12/11/18
12/11
16:33
12/11/18
16:33
Hot Stocks
Berkshire Hills to acquire SI Financial in $180M deal »

Berkshire Hills Bancorp…

BHLB

Berkshire Hills Bancorp

$31.32

0.09 (0.29%)

SIFI

SI Financial

$13.09

-0.1 (-0.76%)

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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URI

United Rentals

$101.89

0.02 (0.02%)

16:33
12/11/18
12/11
16:33
12/11/18
16:33
Earnings
Breaking Earnings news story on United Rentals »

United Rentals backs FY18…

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  • 11

    Dec

  • 13

    Dec

  • 14

    Dec

16:33
12/11/18
12/11
16:33
12/11/18
16:33
Conference/Events
Wedbush enterprise software analyst to hold a luncheon »

Enterprise Software…

CLF

Cleveland-Cliffs

$9.01

0.185 (2.10%)

16:32
12/11/18
12/11
16:32
12/11/18
16:32
Hot Stocks
Cleveland-Cliffs names Clifford Smith as COO »

Cleveland-Cliffs…

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BAC

Bank of America

$24.58

-0.17 (-0.69%)

16:32
12/11/18
12/11
16:32
12/11/18
16:32
Downgrade
Bank of America rating change  »

Bank of America…

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  • 12

    Feb

MED

Medifast

$138.87

2.265 (1.66%)

16:31
12/11/18
12/11
16:31
12/11/18
16:31
Hot Stocks
Medifast raises quarterly dividend 56% to 75c per share »

Medifast announced that…

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16:31
12/11/18
12/11
16:31
12/11/18
16:31
Conference/Events
RBC Capital retail-hardlines analyst to hold a group luncheon »

Retail/Hardlines Analyst…

MS

Morgan Stanley

$40.62

-0.07 (-0.17%)

16:31
12/11/18
12/11
16:31
12/11/18
16:31
Downgrade
Morgan Stanley rating change  »

Morgan Stanley downgraded…

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03/06/13
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03/06/13
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16:30
12/11/18
12/11
16:30
12/11/18
16:30
Options
Preliminary option volume of 18.9M today »

Preliminary option volume…

JE

Just Energy

$4.05

0.015 (0.37%)

, KO

Coca-Cola

$49.54

0.29 (0.59%)

16:29
12/11/18
12/11
16:29
12/11/18
16:29
Conference/Events
RBC Capital consumer analysts to hold a luncheon meeting »

Consumer Networking…

JE

Just Energy

$4.05

0.015 (0.37%)

KO

Coca-Cola

$49.54

0.29 (0.59%)

MKS

Mikasa

$0.00

(0.00%)

03/08/13
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03/06/13
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  • 11

    Dec

  • 18

    Dec

  • 18

    Dec

  • 03

    Mar

MS

Morgan Stanley

$40.62

-0.07 (-0.17%)

16:27
12/11/18
12/11
16:27
12/11/18
16:27
Downgrade
Morgan Stanley rating change  »

Morgan Stanley downgraded…

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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ANGI

Angi Homeservices

$16.62

-0.11 (-0.66%)

16:26
12/11/18
12/11
16:26
12/11/18
16:26
Syndicate
Angi Homeservices files to sell 1.5M shares of Class A common stock for holders »

Goldman Sachs & Co.…

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