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ANET

Arista Networks

$222.32

6.7 (3.11%)

, CSCO

Cisco

$45.69

1.56 (3.54%)

09:12
10/15/18
10/15
09:12
10/15/18
09:12

Arista higher after William Blair uncovers 'game-changing' Pentagon win

William Blair analyst Jason Ader says he recently learned from a federal value-added reseller contact that Arista Networks (ANET) has won a multiyear award with the Department of Defense for the unclassified piece of the Pentagon network, which encompasses 80,000 ports across multiple facilities. Shares of Arista Networks are up 3%, or $7.13, to $229.50 in premarket trading. The analyst's contact estimates the size of the contract at roughly $100M over multiple years, shared among Arista, Aruba, and the VAR. The contract win was a competitive displacement of Cisco Systems (CSCO), and includes Arista for core switching and routing, and Aruba for edge switching, Ader tells investors in a research note. He points out that the award is currently under protest by Cisco. While the deal by itself "should be a needle-mover" for Arista, it also represents a "game-changing development for the company in the U.S. federal vertical, where it has had very limited penetration historically," Ader contends. He believes the win "could open many new doors in the future" for Arista, both in Department of Defense and other government agencies. Ader reiterates an Outperform rating on Arista.

ANET

Arista Networks

$222.32

6.7 (3.11%)

CSCO

Cisco

$45.69

1.56 (3.54%)

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  • 01

    Nov

ANET Arista Networks
$222.32

6.7 (3.11%)

10/11/18
JPMS
10/11/18
NO CHANGE
Target $255
JPMS
Neutral
Arista Networks price target lowered to $255 from $287 at JPMorgan
JPMorgan analyst Samik Chatterjee lowered his price target for Arista Networks to $255 following a closer look at data center capital spending trends for the top four U.S. cloud service providers. This led the analyst to believe that 2019 is likely to be a year of increasing consumption/utilization in conjunction with a slower pace of investments in data centers. He thinks capex could decline 4% year-over-year in 2019, "moderating the strong top-line growth demonstrated by Arista in the past." The analyst trimmed his estimates for the company and keeps a Neutral rating on the name.
10/04/18
10/04/18
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. AMC Networks (AMCX) downgraded to Sell from Neutral at Goldman Sachs with analyst Drew Borst saying he expects AMC to underperform peers and his price target implies 8% downside to current levels. 2. Atlassian (TEAM) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Keith Weiss saying he believes the roughly 100% year-to-date move in the stock leaves limited near-term upside. 3. Arista Networks (ANET) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Rod Hall saying several catalysts have played out including an inflection in the 100G market, resolution of Cisco (CSCO) lawsuits and product qualifications with key customers. 4. Ameresco (AMRC) downgraded to Neutral from Buy at Roth Capital with analyst Craig Irwin citing the company's announcement of the abrupt departure of CFO John Granara effective immediately. 5. Corporate Capital (CCT) downgraded to Market Perform from Outperform at Wells Fargo, while FS Investment (FSIC) and Solar Capital (SLRC) were downgraded to Market Perform from Outperform. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/04/18
FBCO
10/04/18
NO CHANGE
Target $311
FBCO
Outperform
Arista Networks price target raised to $311 from $305 at Credit Suisse
Credit Suisse analyst Sami Badri raised his price target for Arista Networks to $311 from $305 saying that based on his industry channel checks, the company is the best positioned network switching vendor in the market, increasing product list prices by about 3.3% versus competitors that are imposing tariff fees as high as about 25% on core networking products. The analyst reiterates an Outperform rating on the shares.
10/04/18
GSCO
10/04/18
DOWNGRADE
Target $330
GSCO
Buy
Arista Networks downgraded to Buy from Conviction Buy at Goldman Sachs
Goldman Sachs analyst Rod Hall removed Arista Networks (ANET) from his firm's Americas Conviction List but keeps a Buy rating on the name. Several catalysts have played out including an inflection in the 100G market, resolution of Cisco (CSCO) lawsuits and product qualifications with key customers, Hall tells investors in a research note. The analyst, however, continues to view Arista as the best positioned vendor within the high-growth data center networking category. But, he thinks think catalysts for further stock performance are "pushed into 2019 with shorter term growth inflection less certain." Hall has a $330 price target for Arista Networks shares.
CSCO Cisco
$45.69

1.56 (3.54%)

10/01/18
PIPR
10/01/18
NO CHANGE
Target $53
PIPR
Overweight
Cisco price target raised to $53 from $50 at Piper Jaffray
Piper Jaffray analyst James Fish raised his price target for Cisco Systems to $53 to reflect the "strong" demand trends in his recent Networking and Security Channel Surveys as well as a higher multiple. The analyst's channel checks suggest that Cisco could report fiscal Q1 revenue of $12.95B, which is above the consensus estimate of $12.87B. Fish believes tariffs are not having an impact yet on Cisco and he keeps an Overweight rating on the shares.
09/11/18
PIPR
09/11/18
NO CHANGE
Target $50
PIPR
Overweight
Cisco Q1 product estimates may prove conservative, says Piper Jaffray
After reviewing Cisco's recently filed 10K, Piper Jaffray analyst James Fish said he believes Q1 product estimates may prove conservative given that the company's "impressive" product backlog of $6.6B represents about 69% of current product estimates, versus 53% on average. He also notes the 10K shows pricing only had a 1.4% negative impact to GAAP gross margins in FY18, which he contends shows "impressive product pricing discipline." Fish maintains an Overweight rating and $50 price target on Cisco shares.
09/07/18
PIPR
09/07/18
NO CHANGE
Target $250
PIPR
Overweight
Palo Alto Networks price target raised to $250 from $230 at Piper Jaffray
Piper Jaffray analyst Andrew Nowinski raised his price target for Palo Alto Networks (PANW) to $250 saying the company last night reported strong Q4 results, exceeding the high-end of guidance by 3.6%. The analyst believes Palo Alto continues to "leverage the power of the platform," taking market share from both Cisco Systems (CSCO) and Check Point (CHKP). Nowinski thinks Palo Alto "still has a significant opportunity" for further share gains and he keeps an Overweight rating on the name.
08/27/18
GSCO
08/27/18
INITIATION
Target $15
GSCO
Neutral
Presidio initiated with a Neutral at Goldman Sachs
Goldman Sachs analyst Rod Hall started Presidio (PSDO) with a Neutral rating and $15 price target. The analyst views Presidio's "highly concentrated" vendor exposure as a potential positive in the near term as the Cat 9k cycle accelerates but negative in the medium to long term. He comes out on the sidelines saying Cisco Systems' (CSCO) ramping product cycle has so far evaded Presidio and the company's earnings record has been lackluster.

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EFC

Ellington Financial

$18.79

0.01 (0.05%)

20:29
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ACY

AeroCentury

$3.31

-0.66 (-16.62%)

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MYOV

Myovant Sciences

$6.02

-0.14 (-2.27%)

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Invitation Homes

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Boeing

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Periodicals
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Boeing

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GBDC

Golub Capital

$17.79

0.045 (0.25%)

18:42
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Upgrade
Golub Capital rating change at Keefe Bruyette »

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GM

General Motors

$36.62

-0.25 (-0.68%)

, TM

Toyota

$143.53

-0.76 (-0.53%)

18:42
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18:42
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18:42
Periodicals
CA to halt purchase of GM, Toyota, Fiat Chrysler vehicles, Reuters reports »

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GM

General Motors

$36.62

-0.25 (-0.68%)

TM

Toyota

$143.53

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FCAU

Fiat Chrysler

$15.63

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NSANY

Nissan

$0.00

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CRMT

America's Car-Mart

$90.88

3.22 (3.67%)

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58.com

$50.26

-1.35 (-2.62%)

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Fly Intel: After Hours Movers »

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CRMT

America's Car-Mart

$90.88

3.22 (3.67%)

WUBA

58.com

$50.26

-1.35 (-2.62%)

BILI

Bilibili

$16.39

-0.32 (-1.92%)

SAEX

SAExploration

$1.51

-0.05 (-3.21%)

CLVS

Clovis

$7.05

0.68 (10.68%)

NOW

ServiceNow

$266.56

6.65 (2.56%)

OKTA

Okta

$121.21

3.76 (3.20%)

SPLK

Splunk

$122.64

3.49 (2.93%)

WWD

Woodward

$113.64

-1.15 (-1.00%)

KRNT

Kornit Digital

$33.07

-1.13 (-3.30%)

ASH

Ashland

$78.65

0.03 (0.04%)

VNET

21Vianet

$8.28

0.23 (2.86%)

DHT

DHT Holdings

$7.52

-0.2 (-2.59%)

KRTX

Karuna Therapeutics

$94.70

77.44 (448.67%)

EGHT

8x8, Inc.

$20.78

0.13 (0.63%)

I

Intelsat

$7.98

-5.42 (-40.45%)

PFGC

Performance Food Group

$46.09

-0.08 (-0.17%)

EFC

Ellington Financial

$18.79

0.01 (0.05%)

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LEVI

Levi Strauss

$17.06

-0.115 (-0.67%)

18:31
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Levi Strauss CEO: I believe in the importance of innovation »

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CSCO

Cisco

$45.17

0.07 (0.16%)

18:17
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Periodicals
Cisco sues former employees over claims of trade secret theft, Bloomberg says »

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ABBV

AbbVie

$88.71

0.07 (0.08%)

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PRQR

ProQR Therapeutics

$6.27

-0.64 (-9.26%)

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ProQR Therapeutics treatment of retinal dystrophy in P23H granted orphan status »

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BILI

Bilibili

$16.39

-0.32 (-1.92%)

18:04
11/18/19
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18:04
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18:04
Earnings
Bilibili sees Q4 revenue RMB1.93B-RMB1.98B »

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  • 18

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WUBA

58.com

$50.26

-1.35 (-2.62%)

18:03
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18:03
Earnings
58.com sees Q4 revenue up 12%-15% in RMB terms »

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BILI

Bilibili

$16.39

-0.32 (-1.92%)

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Bilibili reports average MAUs reached 127.9M in Q3 »

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WUBA

58.com

$50.26

-1.35 (-2.62%)

18:03
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18:03
Earnings
58.com reports Q3 adjusted EPS 96c, consensus 82c »

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BILI

Bilibili

$16.39

-0.32 (-1.92%)

18:01
11/18/19
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18:01
Earnings
Bilibili reports Q3 adjusted EPS (15c), consensus (14c) »

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DDOG

Datadog

$40.36

-0.33 (-0.81%)

, AMZN

Amazon.com

$1,752.70

15.21 (0.88%)

17:56
11/18/19
11/18
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17:56
Hot Stocks
Datadog announces support for AWS CloudFormation Registry and CLI »

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Datadog

$40.36

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AMZN

Amazon.com

$1,752.70

15.21 (0.88%)

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17:55
11/18/19
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11/18/19
17:55
Conference/Events
Morgan Stanley analyst to hold an analyst/industry conference call »

Managing Director &…

GVA

Granite Construction

$26.50

-0.6 (-2.21%)

17:54
11/18/19
11/18
17:54
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17:54
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Granite Construction awarded $14M airfield improvement project in California »

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ZS

Zscaler

$44.46

-1.37 (-2.99%)

, MSFT

Microsoft

$150.35

0.4 (0.27%)

17:51
11/18/19
11/18
17:51
11/18/19
17:51
Initiation
Zscaler, Microsoft initiated at DA Davidson »

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ZS

Zscaler

$44.46

-1.37 (-2.99%)

MSFT

Microsoft

$150.35

0.4 (0.27%)

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    Dec

OKTA

Okta

$121.21

3.76 (3.20%)

17:51
11/18/19
11/18
17:51
11/18/19
17:51
Upgrade
Okta rating change at DA Davidson »

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  • 05

    Dec

  • 16

    Dec

PANW

Palo Alto Networks

$248.50

1.465 (0.59%)

17:48
11/18/19
11/18
17:48
11/18/19
17:48
Initiation
Palo Alto Networks initiated at DA Davidson »

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