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AKAM

Akamai

$70.10

-1.42 (-1.99%)

11:00
10/02/18
10/02
11:00
10/02/18
11:00

Akamai attracts a defensive option play as shares see relative weakness

Akamai attracts a defensive option play as shares see relative weakness. The stock off $1.43 to $70.21 and 1.9K Nov 65 - 70 put spreads bought for $1.11. Both legs open and the new position reaps a max reward if shares drop another 7.4% to $65 or worse through the expiration in 45 days. The 52-week low is $50 and dates back to one year ago. Earnings expected 10/23 and inside of the November expiration.

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    Nov

AKAM Akamai
$70.10

-1.42 (-1.99%)

10/01/18
PIPR
10/01/18
DOWNGRADE
Target $180
PIPR
Underweight
F5 Networks downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst James Fish downgraded F5 Networks (FFIV) to Underweight while raising his price target for the shares to $180 from $168. F5 has "material earnings risk" due to weaker than anticipated demand trends, a software transition, rising competitive threats, new emerging technologies like SD-WAN, and the limited impact of the current buyback program over the next two years, Fish tells investors in a research note. Further, the current valuation is at "peak" levels despite these "alarming risks," the analyst contends. He views F5's risk/reward as unfavorable and prefers shares of Arista Networks (ANET) and Akamai (AKAM) for networking exposure.
09/10/18
09/10/18
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. ANALYSTS SEE VALUE IN WYNN FOLLOWING PULLBACK: JPMorgan analyst Joseph Greff argued that there is a disconnect between Wynn Resorts' (WYNN) current operating fundamentals and investor sentiment, viewing the recent sector pullback as a buying opportunity. He kept an Overweight rating on Wynn Resorts with a $191 price target. Sharing a similar opinion, Carlo Santarelli at Deutsche Bank said that he would be a buyer of the stock given current valuation and as conditions in Macau remain stable in both the VIP and mass segments. He kept a Buy rating on Wynn Resorts with a $190 price target. AKAMAI UPGRADED TO BUY: DA Davidson analyst Mark Kelleher upgraded Akamai (AKAM) to Buy from Neutral and raised his price target to $93 from $80 after meeting with its management last week to discuss its Q2 results and the company direction going into 2019. The analyst notes that the discussions boosted his confidence in the company's strategic direction as it executes in a transition to a security vendor, saying the company supported by the "enhanced demand" for its security products over the last few quarters. Kelleher further cites the abating headwinds in the company's media segment, which returned to growth after struggling for the past few quarters. CITI DOWNGRADES ANTHEM, UNITEDHEALTH: Citi analyst Ralph Giacobbe downgraded Anthem (ANTM) and UnitedHealth (UNH) to Neutral with unchanged price targets of $290, and $288, respectively. The analyst is taking a more selective view of the managed care sector into year-end and 2019, citing "some reservations" about the commercial risk market. He sees more limited upside to estimates making it difficult to push valuations meaningfully higher "from already-premium levels." SUNTRUST CUTS CONSTELLATION BRANDS TO HOLD: SunTrust analyst William Chappell downgraded Constellation Brands (STZ) to Hold from Buy and lowered his price target to $220 from $260 while also lowering his FY19 EPS view to $9.35 from $9.59 and FY20 to $10.45 from $10.95. The analyst noted that the company's recent $4B investment in Canopy Growth (CGC) may "keep a cloud" over the stock for the next few quarters, as there is "little certainty" in the deal's revenue or profit potential. Chappell adds that the cannabis business generally has "limited near term catalysts", stating that the stock price may be range bound for an extended time as investors adjust to Constellation Brands' higher leverage ratio. BAIRD DESIGNATES TESLA A FRESH PICK: Baird analyst Ben Kallo designated Tesla (TSLA) as a Fresh Pick as he believes the company's strong fundamentals should drive the shares higher. He said the underlying ramp in Model 3 production will also help push the shares higher ahead of the Q3 deliveries and results. Kallo reiterated his Outperform rating and $411 price target on Tesla shares.
09/10/18
09/10/18
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. Foot Locker (FL) upgraded to Outperform from Market Perform at Wells Fargo with analyst Tom Nikic saying after 12-18 months of choppy operating performance, he believes that brighter days are ahead for Foot Locker due primarily to improvement in the Nike-brand (NKE) assortment, an alleviation of the Jordan-brand headwind and an alleviation of the headwinds in Europe. 2. Kennametal (KMT) upgraded to Buy from Neutral at Longbow. 3. Credit Suisse (CS) upgraded to Equal Weight from Underweight at Barclays with analyst Amit Goel saying the risk/reward looks more balanced at current share levels. 4. Cenovus Energy (CVE) upgraded to Overweight from Neutral at JPMorgan with analyst Phil Gresh saying the company's rail deal with Canadian National (CNI) and its deleveraging will unlock "cheap" free cash flow yield. 5. Akamai (AKAM) upgraded to Buy from Neutral at DA Davidson with analyst Mark Kelleher citing his meeting with management last week to discuss its Q2 results and the company direction going into 2019. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/10/18
DADA
09/10/18
UPGRADE
Target $93
DADA
Buy
Akamai upgraded to Buy at DA Davidson on greater strategic direction confidence
As reported earlier, DA Davidson analyst Mark Kelleher upgraded Akamai to Buy from Neutral and raised his price target to $93 from $80 after meeting with its management last week to discuss its Q2 results and the company direction going into 2019. The analyst notes that the discussions boosted his confidence in the company's strategic direction as it executes in a transition to a security vendor, saying the company supported by the "enhanced demand" for its security products over the last few quarters. Kelleher further cites the abating headwinds in the company's media segment, which returned to growth after struggling for the past few quarters.

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PLAB

Photronics

$11.34

-0.05 (-0.44%)

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TPC

Tutor Perini

$17.72

0.25 (1.43%)

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STNG

Scorpio Tankers

$19.66

-0.28 (-1.40%)

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  • 21

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DIN

Dine Brands

$88.52

1.08 (1.24%)

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GMDA

Gamida Cell

$13.46

0.01 (0.07%)

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DIN

Dine Brands

$88.52

1.08 (1.24%)

06:22
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Earnings
Dine Brands sees FY19 adjusted EPS $6.90-$7.20, consensus $6.93 »

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  • 21

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LPCN

Lipocine

$1.71

(0.00%)

06:22
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Lipocine management to meet with Roth Capital »

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  • 21

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KURA

Kura Oncology

$15.06

-0.22 (-1.44%)

06:22
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Conference/Events
Kura Oncology management to meet with Piper Jaffray »

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  • 21

    Feb

DIN

Dine Brands

$88.52

1.08 (1.24%)

06:21
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Earnings
Dine Brands reports Q4 adjusted EPS $1.70, consensus $1.57 »

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JSAIY

J Sainsbury

$0.00

(0.00%)

06:21
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06:21
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J Sainsbury rating change  »

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KNX

Knight-Swift

$34.71

0.475 (1.39%)

06:21
02/21/19
02/21
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Conference/Events
Knight-Swift management to meet with Stephens »

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  • 21

    Feb

KIDS

OrthoPediatrics

$38.34

0.96 (2.57%)

06:21
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02/21
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Conference/Events
OrthoPediatrics management to meet with Piper Jaffray »

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GDOT

Green Dot

$74.69

-0.05 (-0.07%)

06:20
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Green Dot analyst commentary  »

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LOPE

Grand Canyon

$97.13

0.18 (0.19%)

06:20
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KAI

Kadant

$89.52

1.55 (1.76%)

06:19
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Conference/Events
Kadant management to meet with Barrington »

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  • 21

    Feb

SCBFF

Standard Chartered

$0.00

(0.00%)

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PQG

PQ Group

$16.71

0.16 (0.97%)

06:18
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Breaking Earnings news story on PQ Group »

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  • 21

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PQG

PQ Group

$16.71

0.16 (0.97%)

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Earnings
PQ Group sees FY19 revenue $1.64B-$1.67B, consensus $1.68B »

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  • 21

    Feb

PQG

PQ Group

$16.71

0.16 (0.97%)

06:16
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06:16
Earnings
PQ Group reports Q4 adjusted EPS 17c, consensus 13c »

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  • 21

    Feb

TEF

Telefonica

$8.73

0.07 (0.81%)

, TIGO

Millicom

$60.25

(0.00%)

06:16
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TEF

Telefonica

$8.73

0.07 (0.81%)

TIGO

Millicom

$60.25

(0.00%)

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HTGC

Hercules Capital

$13.12

0.07 (0.54%)

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  • 21

    Feb

JOUT

Johnson Outdoors

$65.68

-0.23 (-0.35%)

06:15
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Conference/Events
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CGC

Canopy Growth

$46.18

-0.2 (-0.43%)

06:14
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Canopy Growth analyst commentary  »

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SAP

SAP

$106.91

0.08 (0.07%)

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SAP board recommends FY18 dividend increase of 7% to EUR1.50 per share »

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