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CSCO

Cisco

$43.74

-0.02 (-0.05%)

10:30
08/14/18
08/14
10:30
08/14/18
10:30

Short-term call spreads in Cisco ahead of earnings

Short-term call spreads in Cisco ahead of earnings. The stock off 3c to $43.72 and 1.1K Aug 43.5 - 44.5 call spreads trade at 50c on ISE. The spread was sold and has traded 3K total - probably rolls long calls up one strike, from ITM to OTM, ahead of a profit report Wednesday afternoon.

  • 15

    Aug

  • 29

    Aug

  • 30

    Aug

  • 04

    Sep

  • 12

    Sep

CSCO Cisco
$43.74

-0.02 (-0.05%)

07/19/18
PIPR
07/19/18
NO CHANGE
PIPR
Amazon switching fears 'overblown as suspected,' says Piper Jaffray
After yesterday's market close, it was reported and confirmed by Amazon (AMZN) and Cisco Systems (CSCO) that Amazon is not entering the network switching market as speculated on July 13, Piper Jaffray analyst James Fish tells investors in a research note titled "Fake News! Amazon Switching Fears Were Overblown As Suspected." The confirmation by Amazon removes the potential shadow of Amazon on the space, making Q3 earnings more about the fundamentals than "competitive hype," Fish writes. He notes that shares of Cisco, Arista Networks (ANET) and Juniper Networks (JNPR) are higher following the news. The analyst continues to recommend Cisco and Arista as his top networking picks.
07/19/18
07/19/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. NEEDHAM CUTS TESLA TO UNDERPERFORM: Needham analyst Rajvindra Gill downgraded Tesla (TSLA) to Underperform from Hold, stating the stock remains overvalued in spite of its 16% decline from the the June 2017 peak. The analyst cited expectations of slower Model S/X sales amid increased competition and possible cannibalization from the Model 3, the expiration of credits, slower gross margins improvement with "persistently high" production costs, lower energy segment revenue after recent restructuring, and Tesla's "unsustainable capital structure." Tesla is down 1.9% in midday trading. CREDIT SUISSE UPGRADES SQUARE: Credit Suisse analyst Paul Condra upgraded Square (SQ) to Outperform from Neutral, saying he believes its growing product eco-system is increasing its ability to penetrate larger merchants. He also said positive data points on Cash-App adoption validate Square's two-sided platform strategy to grow both merchant and consumer use-cases. The analyst also raised his price target on the shares to $81 from $44. MORGAN STANLEY UPS SQUARE TARGET: Morgan Stanley analyst James Faucette sees good potential for upward estimate revisions for Square in the near-term and raised his price target on the stock to $75 from $43. However, Faucette kept an Equal Weight rating on Square, calling its valuation "demanding" and citing his continued view that new services are misvalued. Square is higher by 3.5% at midday. MORGAN STANLEY DOWNGRADES LENDINGCLUB, ON DECK: Morgan Stanley's Faucette downgraded LendingClub (LC) to Equal Weight from Overweight as he thinks the previously disclosed FTC investigation into the company's lending practices will be a drag on new investor interest and involvement in the stock until it is resolved. Faucette lowered his price target on LendingClub shares to $5 from $6. Faucette downgraded On Deck Capital (ONDK) to Underweight from Equal Weight, stating that he sees the company needing a long time to meaningfully scale the "OnDeck-as-a-Service," which he believes will limit the stock's potential for valuation expansion above small-to-mid cap banks. Also, Faucette sees limited upside potential to origination growth estimates given the company's preference for delivering profitability versus growth, he tells investors. PIPER POSITIVE ON CISCO AND ARISTA, CALLS AMAZON FEARS OVERBLOWN: Amazon (AMZN) is not entering the network switching market as speculated on July 13, Piper Jaffray analyst James Fish told investors in a research note. The confirmation by Amazon removes the potential shadow of Amazon on the space. The analyst continued to recommend Cisco (CSCO) and Arista (ANET) as his top networking picks.
08/02/18
JPMS
08/02/18
NO CHANGE
JPMS
Overweight
Cisco deal for Duo shouldn't have major impact on Okta, ForeScout, says JPMorgan
After Cisco (CSCO) announced it will acquire privately held Duo Security for $2.35B, JPMorgan analyst Sterling Auty offered his view on the read-through from the deal to Okta (OKTA) and ForeScout (FSCT). Duo Security is best known for its multi-factor authentication, and MFA is only one out of six products that Okta offers, said Auty, who does not see the deal having a major impact on Okta. ForeScout has long competed with Cisco for network access control and the Duo deal does have the potential to bolster Cisco's capabilities in this area, Auty said. However, he does not see this transaction having a meaningful near- or mid-term impact, as he contends that ForeScout has "moved well beyond" its original use case. Auty has Overweight ratings on both Okta and ForeScout.
08/14/18
JMPS
08/14/18
NO CHANGE
JMPS
Market Perform
Cisco shares fairly valued ahead of Q4 results, says JMP Securities
JMP Securities analyst Erik Suppiger reiterated a Market Perform rating on Cisco Systems ahead of the company's Q4 earnings report on August 15, telling investors in a research note that he believes the quarter will be in line with Street estimates of 68c for EPS on revenue of $12.7B. Suppiger says that channel checks indicate that Cisco's flagship switching business was healthy during the quarter, with strength in data center switching, but its routing business was under pressure due to continued slow service provider spending. Additionally, the analyst says checks also indicate that Cisco's security business slowed following a "relatively strong" Q3, and he believes firewall sales may have paused ahead of an upgrade across its firewall product line. Suppiger feels that Cisco shares are fairly valued in light of expectations for in-line results with growth of 5% y/y in Q4.

TODAY'S FREE FLY STORIES

OMI

Owens & Minor

$7.11

-0.19 (-2.60%)

06:32
12/12/18
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06:32
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Owens & Minor names Robert Snead as EVP & CFO »

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BKH

Black Hills

$67.28

0.06 (0.09%)

06:31
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EMR

Emerson

$62.30

-0.28 (-0.45%)

06:30
12/12/18
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06:30
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Emerson rating change  »

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ES

Eversource

$70.18

0.53 (0.76%)

06:30
12/12/18
12/12
06:30
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06:30
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Eversource rating change  »

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  • 13

    Dec

GOOG

Alphabet

$1,051.82

11.8 (1.13%)

, GOOGL

Alphabet Class A

$1,061.32

8.52 (0.81%)

06:29
12/12/18
12/12
06:29
12/12/18
06:29
Periodicals
Google CEO faces questions from lawmakers on alleged political bias, WSJ says »

Google CEO Sundar Pichai…

GOOG

Alphabet

$1,051.82

11.8 (1.13%)

GOOGL

Alphabet Class A

$1,061.32

8.52 (0.81%)

03/08/13
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  • 03

    Mar

CS

Credit Suisse

$10.92

-0.09 (-0.82%)

06:27
12/12/18
12/12
06:27
12/12/18
06:27
Hot Stocks
Credit Suisse sees FY18 reported pre-tax income CHF3.2B-CHF3.4B »

Sees FY18 APAC Markets…

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CS

Credit Suisse

$10.92

-0.09 (-0.82%)

06:25
12/12/18
12/12
06:25
12/12/18
06:25
Hot Stocks
Credit Suisse board approves buyback of up to CHF1.5B »

At its 2018 investor day,…

03/08/13
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MAR

Marriott

$110.04

-0.78 (-0.70%)

06:22
12/12/18
12/12
06:22
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06:22
Periodicals
Chinese hackers behind Marriott data breach, NY Times reports »

The cyberattack on the…

03/08/13
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SIX

Six Flags

$58.40

-1.46 (-2.44%)

06:20
12/12/18
12/12
06:20
12/12/18
06:20
Initiation
Six Flags initiated  »

Six Flags initiated with…

03/08/13
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GOOG

Alphabet

$1,051.82

11.8 (1.13%)

, GOOGL

Alphabet Class A

$1,061.32

8.52 (0.81%)

06:20
12/12/18
12/12
06:20
12/12/18
06:20
Periodicals
Snowden, others call for Pichai to kill Google's 'Project Dragonfly,' BI reports »

NSA whistleblower Edward…

GOOG

Alphabet

$1,051.82

11.8 (1.13%)

GOOGL

Alphabet Class A

$1,061.32

8.52 (0.81%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 03

    Mar

BY

Byline Bancorp

$18.91

-0.32 (-1.66%)

06:18
12/12/18
12/12
06:18
12/12/18
06:18
Conference/Events
Byline Bancorp management to meet with Piper Jaffray »

Meetings to be held in…

03/08/13
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03/08/13
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  • 12

    Dec

RY

Royal Bank of Canada

$69.76

-0.44 (-0.63%)

06:17
12/12/18
12/12
06:17
12/12/18
06:17
Upgrade
Royal Bank of Canada rating change  »

Royal Bank of Canada…

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  • 08

    Jan

CORT

Corcept Therapeutics

$17.16

4.18 (32.20%)

06:17
12/12/18
12/12
06:17
12/12/18
06:17
Upgrade
Corcept Therapeutics rating change  »

Corcept Therapeutics…

03/08/13
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LULU

Lululemon

$116.67

1.66 (1.44%)

06:17
12/12/18
12/12
06:17
12/12/18
06:17
Upgrade
Lululemon rating change  »

Lululemon upgraded to Buy…

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  • 14

    Dec

BBY

Best Buy

, AMZN

Amazon.com

$1,643.50

3.13 (0.19%)

06:16
12/12/18
12/12
06:16
12/12/18
06:16
Recommendations
Best Buy, Amazon.com analyst commentary  »

Best Buy…

BBY

Best Buy

AMZN

Amazon.com

$1,643.50

3.13 (0.19%)

03/08/13
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03/08/13
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03/06/13
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  • 19

    Dec

  • 20

    Dec

KRYS

Krystal Biotech

$23.49

0.38 (1.64%)

06:16
12/12/18
12/12
06:16
12/12/18
06:16
Initiation
Krystal Biotech initiated  »

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FOMX

Foamix

$3.81

-0.19 (-4.75%)

06:13
12/12/18
12/12
06:13
12/12/18
06:13
Initiation
Foamix initiated  »

Foamix initiated with a…

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NSANY

Nissan

$0.00

(0.00%)

, RNSDF

Renault

$0.00

(0.00%)

06:13
12/12/18
12/12
06:13
12/12/18
06:13
Periodicals
Nissan shares detailed allegations against Ghosn with Renault, FT reports »

Nissan (NSANY) has shared…

NSANY

Nissan

$0.00

(0.00%)

RNSDF

Renault

$0.00

(0.00%)

03/08/13
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  • 07

    Jan

BHC

Bausch Health

$23.09

0.25 (1.09%)

, SGYP

Synergy Pharmaceuticals

$0.34

-0.0094 (-2.69%)

06:13
12/12/18
12/12
06:13
12/12/18
06:13
Hot Stocks
Bausch Health to acquire Synergy Pharmaceuticals for $200M through Chapter 11 »

Synergy Pharmaceuticals…

BHC

Bausch Health

$23.09

0.25 (1.09%)

SGYP

Synergy Pharmaceuticals

$0.34

-0.0094 (-2.69%)

03/08/13
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03/08/13
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  • 15

    Feb

  • 25

    Feb

EADSY

Airbus

$0.00

(0.00%)

06:11
12/12/18
12/12
06:11
12/12/18
06:11
Periodicals
Airbus staff error led to fatal 2017 German helicopter crash, Reuters reports »

The fatal crash in 2017…

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KEY

KeyCorp

$15.93

-0.075 (-0.47%)

06:09
12/12/18
12/12
06:09
12/12/18
06:09
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KeyCorp rating change  »

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  • 17

    Jan

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$264.13

0.04 (0.02%)

06:07
12/12/18
12/12
06:07
12/12/18
06:07
Periodicals
Senate confirms Muzinich as Deputy Treasury Secretary, WSJ reports »

The Senate has confirmed…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$264.13

0.04 (0.02%)

03/08/13
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PLAY

Dave & Buster's

$51.08

-1.44 (-2.74%)

06:07
12/12/18
12/12
06:07
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06:07
Recommendations
Dave & Buster's analyst commentary  »

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  • 14

    Dec

LLY

Eli Lilly

$114.49

0.38 (0.33%)

, ACIU

AC Immune

$11.58

0.63 (5.75%)

06:06
12/12/18
12/12
06:06
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06:06
Hot Stocks
Eli Lilly, AC Immune to develop tau aggregation inhibitor small molecules »

Eli Lilly (LLY) and AC…

LLY

Eli Lilly

$114.49

0.38 (0.33%)

ACIU

AC Immune

$11.58

0.63 (5.75%)

03/08/13
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  • 19

    Dec

SBGI

Sinclair Broadcast

$30.30

0.23 (0.76%)

, TRCO

Tribune Media

$45.21

0.05 (0.11%)

06:06
12/12/18
12/12
06:06
12/12/18
06:06
Periodicals
Sinclair seen as top suitor for Fox regional sports networks, Fox Business says »

Sinclair Broadcasting…

SBGI

Sinclair Broadcast

$30.30

0.23 (0.76%)

TRCO

Tribune Media

$45.21

0.05 (0.11%)

FOX

21st Century Fox

$49.00

-0.03 (-0.06%)

FOXA

21st Century Fox

$49.25

-0.1 (-0.20%)

DIS

Disney

$112.00

0.16 (0.14%)

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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