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LOGM

LogMeln

$86.03

-1.97 (-2.24%)

, ANET

Arista Networks

$249.13

-9.03 (-3.50%)

08:16
11/06/18
11/06
08:16
11/06/18
08:16

LogMeln names Arista Networks CFO Ita Brennan to board

LogMeIn, Inc. (LOGM) has named Ita Brennan, CFO of Arista Networks (ANET), to the company's board of directors. Brennan is the second newly appointed director to the LogMeIn Board this year, following the appointment of Sara Andrews, SVP and CISO of PepsiCo (PEP), who was named to the Board in April.

LOGM

LogMeln

$86.03

-1.97 (-2.24%)

ANET

Arista Networks

$249.13

-9.03 (-3.50%)

PEP

PepsiCo

$114.38

3.29 (2.96%)

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LOGM LogMeln
$86.03

-1.97 (-2.24%)

10/01/18
10/01/18
UPGRADE
Target $105

Outperform
LogMeln upgraded to Outperform on stabilizing concerns at Oppenheimer
As previously reported, Oppenheimer analyst Shaul Eyal upgraded LogMeIn to Outperform from Perform, with a $105 price target. In light of a soft 1H18 performance, the analyst views the company's recent retention concerns as gradually stabilizing per his industry checks. Further, he believes LogMeIn's position in the highly competitive UCaas and Enterprise Collaboration arenas is largely intact despite the recent emergence of newcomers.
10/29/18
JPMS
10/29/18
NO CHANGE
JPMS
JPMorgan lists potential Software takeover targets after Red Hat deal
The volume of acquisitions in Software appears to be picking up with over 70 transactions announced year-to-date including last night's Red Hat (RHT) takeover by IBM (IBM), JPMorgan analyst Sterling Auty tells investors in a research note. The analyst puts the deals announced this year into three buckets: strategic, where the acquirer looks to gain a strong foothold in a new segment, vertical acquiring companies, and valuation, with acquirers going after assets with discounted valuations. Auty sees number of companies fitting those same characteristics across his coverage universe. In the strategic category, the analyst sees Okta (OKTA), Palo Alto Networks (PANW), ServiceNow (NOW), RingCentral (RNG), Aspen Technology (AZPN) and DocuSign (DOCU) as potential acquisition targets. In the vertical industry exposure category, Auty lists Guidewire (GWRE), Veeva (VEEV), Medidata (MDSO), Ellie Mae (ELLI) and Q2 Holdings (QTWO) as potential targets. And in the attractive valuation bucket, the analyst sees FireEye (FEYE), Carbon Black (CBLK), Secureworks (SCWX), Akamai (AKAM) and LogMeln (LOGM) as potential candidates to get acquired.
10/15/18
PIPR
10/15/18
NO CHANGE
Target $90
PIPR
Overweight
LogMeln price target lowered to $90 from $95 at Piper Jaffray
Piper Jaffray analyst Alex Zukin lowered his price target for LogMeln to $90 ahead of the company's Q3 results on October 25 and keeps a Neutral rating on the shares. Field work suggests "continued volatility" on fundamentals with pricing/packaging changes, sales turnover and early renewal activity, Zukin tells investors in a research note. The analyst prefers to wait on the sidelines with respect to the shares pending "clear evidence of improving fundamentals."
10/01/18
10/01/18
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. UPS (UPS) upgraded to Outperform from Market Perform at BMO Capital with analyst Fadi Chamoun saying his meetings with institutional investors give him a more constructive outlook as the company proceeds with efforts to "add capacity across its network, implement automation," and (perform) other cost efficiency initiatives with medium-term benefits. 2. LogMeln (LOGM) upgraded to Outperform from Perform at Oppenheimer analyst Shaul Eyal saying in light of a soft 1H18 performance, the analyst views the company's recent retention concerns as gradually stabilizing per his industry checks. 3. Noble Corp. (NE) upgraded to Neutral from Underweight at Piper Jaffray with analyst Ian Macpherson saying he views the stock's risk/reward as balanced at current share levels. 4. Biogen (BIIB) assumed with an Overweight from Neutral at Cantor Fitzgerald. 5. Teva (TEVA) upgraded to Conviction Buy from Buy at Goldman Sachs and to Market Perform from Underperform at Leerink. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
ANET Arista Networks
$249.13

-9.03 (-3.50%)

10/23/18
MSCO
10/23/18
NO CHANGE
Target $310
MSCO
Equal Weight
Arista Networks hyperscale commentary a key focus, says Morgan Stanley
Morgan Stanley analyst James Faucette said his checks suggest Arista Networks continues to outperform channel expectations, adding that he continues to hear that the company is gaining share within traditional service providers. However, ahead of the campus ramp and 400G, he believes the most likely source of surprise upside remains with hyperscale, making the company's commentary on hyperscale capex a "key focus" this quarter, he tells investors in an earnings preview note. Faucette keeps an Equal Weight rating and $310 price target on Arista shares, stating that he would like to have more confidence on the timing of upside before getting more aggressive.
11/02/18
KEYB
11/02/18
NO CHANGE
Target $320
KEYB
Overweight
Arista Networks price target raised to $320 from $310 at KeyBanc
KeyBanc analyst Alex Kurtz said he remains a buyer of Arista Networks and raised his price target to $320 from $310 following "better than expected" upside to Q3 EPS and revenue, led by strength in Cloud Titans and cloud SP/enterprises. Kurtz tells investors in a research note that he continues to see Arista as a must-own name for growth investors given a defensible OS/software stack, unique model leverage, and a large TAM. Kurtz maintains an Overweight rating.
11/02/18
STFL
11/02/18
NO CHANGE
Target $275
STFL
Buy
Arista Networks results, guidance should ease slowdown fears, says Stifel
Stifel analyst John Marchetti believes Arista Networks' Q3 beat "across the board" and in-line Q4 guidance should ease some near-term concerns about potential weakness within its "Cloud Titans" vertical. Increased demand for 100G switching and his expectation for continued share gains in the high-end of the market give Marchetti confidence in his revenue growth assumption for 2019, he said. The analyst keeps an Buy rating and $275 price target on Arista shares.
11/05/18
MKMP
11/05/18
NO CHANGE
Target $275
MKMP
Neutral
Arista Networks price target raised to $275 from $240 at MKM Partners
MKM Partners analyst Michael Genovese raised his price target on Arista Networks to $275 after its Q3 revenue beat that was driven by "strength in the Americas" and performance of its "Cloud Titans" segment. The analyst also keeps his Neutral rating on Arista Networks, stating that the company's earnings beat was in part a function of "significant" operating expenditure retreat while adding that at a 30-times forward earnings multiple implied by his price target, the stock is fully valued.
PEP PepsiCo
$114.38

3.29 (2.96%)

10/03/18
RHCO
10/03/18
NO CHANGE
Target $110
RHCO
Hold
PepsiCo faced with greater FX headwinds, says SunTrust
SunTrust analyst William Chappell kept his Hold rating and $110 price target on PepsiCo after its Q3 results. The analyst says that while organic sales growth in the quarter came in higher than expected, investor focus going forward will be on the sustainability of its EPS growth. Chappell also notes that the 3pts of the earnings growth this year were from one-time items of insurance recoveries and refranchising gains, and while he believes the management will be able to achieve its high-single digit EPS growth objective for FY19, he also lowers his FY19 EPS view to $6.11 from $6.21 to account for greater FX headwinds.
10/05/18
MACQ
10/05/18
DOWNGRADE
Target $107
MACQ
Neutral
PepsiCo downgraded to Neutral from Outperform at Macquarie
Macquarie analyst Caroline Levy downgraded Pepsi to Neutral from Outperform and cut its price target to $107 from $122 following the Q3 report. Levy said Pepsi reported solid Q3 organic sales growth of 5%, but EBIT margins fell do to increased brand spending, higher input costs abroad due to FX hikes, and higher freight. The analyst expects these pressures to remain a drag on margins and cut estimates to reflect dilution from the Sodastream acquisition, tougher comps, and lack of tax reform benefits. Further, Levy expects organic sales growth will require more investment while costs continue to climb.
10/05/18
10/05/18
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. Mylan (MYL) downgraded to Neutral from Buy at Mizuho with analyst Irina Koffler saying the analyst initially believed Mylan's pipeline of complex generics and biosimilars would represent a "sustainable source of growth" relative to generic peers, but her view changed after more due diligence and competitor checks. 2. Eastman Chemical (EMN) downgraded to Neutral from Overweight at JPMorgan with analyst Jeffrey Zekauskas saying he believes raw material trends will probably pressure the company's year-ahead results. 3. CommScope (COMM) downgraded to Neutral from Buy at Nomura Instinet with analyst Jeffrey Kvaal saying the analyst continues to view CommScope as a long-term beneficiary of both mobile and fiber spending growth. 4. HP Inc. (HPQ) downgraded to Neutral from Overweight at JPMorgan with analyst Paul Coster saying despite the company's "excellent execution," the shares have limited catalysts ahead. 5. PepsiCo (PEP) downgraded to Neutral from Outperform at Macquarie with analyst Caroline Levy saying Pepsi reported solid Q3 organic sales growth of 5%, but EBIT margins fell do to increased brand spending, higher input costs abroad due to FX hikes, and higher freight. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/05/18
10/05/18
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. HP CUT TO NEUTRAL AT JPMORGAN: JPMorgan analyst Paul Coster downgraded HP Inc. (HPQ) to Neutral from Overweight while raising his price target for the shares to $29 from $28. Despite the company's "excellent execution," the shares have limited catalysts ahead, Coster told investors in a research note following the company's analyst day. The analyst recommended investors take profits with the stock up 24% year-to-date. HP shares were lower by 1.9% to $25.91 in late morning trading. ELI LILLY UPGRADED TO OUTPERFORM AT BMO: BMO Capital analyst Alex Arfaei upgraded Eli Lilly (LLY) to Outperform from Market Perform and raised his price target on the shares to $130 from $107. The analyst cited the prospects of LY3298176, a GIP and GLP-1 dual receptor agonist presented at EASD 54th Annual Meeting, which he believes "meaningfully improves" the company's long-term growth prospects. Arfaei sees "continued strong growth of the GLP-1 class" and anticipates an annualized revenue growth of about 15% through 2027, adding that he is also positive on Eli Lilly's margins and its other indications in fields such as obesity. Eli Lilly shares were higher by 1.8% to $115.01 in late morning trading. PEPSI CUT TO NEUTRAL AT MACQUARIE: Macquarie analyst Caroline Levy downgraded Pepsi (PEP) to Neutral from Outperform and cut its price target to $107 from $122 following the company's Q3 report. Levy noted that Pepsi reported solid Q3 organic sales growth of 5%, but EBIT margins fell do to increased brand spending, higher input costs abroad due to FX hikes, and higher freight. The analyst said she expects these pressures to remain a drag on margins and cut estimates to reflect dilution from the Sodastream acquisition, tougher comps, and lack of tax reform benefits. Further, Levy expects organic sales growth will require more investment while costs continue to climb. ROKU STARTED WITH A NEUTRAL AT WEDBUSH: Wedbush analyst Michael Pachter initiated Roku (ROKU) with a Neutral rating and $73 price target. While Roku has built an "exceptional" platform on the back of its players and is positioning itself as the best-in-class option for OTT advertising, Roku's growth is fully priced into its share price, Pachter told investors in a research note. The analyst believes that any pullback may provide an opportunity to build a position. SUPER MICRO COMPUTER CUT TO HOLD AT MAXIM: Maxim analyst Nehal Chokshi downgraded Super Micro Computer (SMCI) to Hold from Buy. The analyst stated that while the Bloomberg Businessweek article alleging the company's "servers sold to customers contained malicious microchips" were strongly refuted, the detail, the reputable nature of the source, and the number of cross reference checks lend to its credibility. Chokshi further noted that the company's ongoing delay in releasing its 2017 10K filing adds to his concerns, stating that he no longer sees reward relative to risk as asymmetric. Super Micro Computer shares were higher by 3.1% to $12.99 in late morning trading.

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WMT

Walmart

$100.00

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NVEE

NV5 Global

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OXY

Occidental Petroleum

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ECOR

ElectroCore

$6.82

-0.53 (-7.21%)

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WMT

Walmart

$100.00

1.52 (1.54%)

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MTFB

Motif Bio

$2.67

-0.14 (-4.98%)

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MCO

Moody's

$169.20

5.72 (3.50%)

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MRVL

Marvell

$18.82

-0.37 (-1.93%)

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EDRY

EuroDry

$7.85

-0.02 (-0.25%)

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ViaSat

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Motus GI Holdings

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Wabco

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Iqvia

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Choice Hotels

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Willdan Group

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BrainStorm

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IPIC

iPic Entertainment

$5.36

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Splunk

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TROV

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EGHT

8x8, Inc.

$19.82

0.025 (0.13%)

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