Breaking News Instant updates and real-time market news.

INFN

Infinera

$6.24

-0.03 (-0.48%)

16:14
11/06/18
11/06
16:14
11/06/18
16:14

Infinera sees Q4 EPS (28c) +/- 2c, consensus (7c)

Sees Q4 revenue $325M +/- $10M, consensus $432.23M.

INFN Infinera
$6.24

-0.03 (-0.48%)

10/22/18
STFL
10/22/18
INITIATION
Target $8
STFL
Hold
Infinera resumed with a Hold at Stifel
Stifel analyst John Marchetti resumed Infinera with a Hold rating and a price target of $8, saying that while its acquisition of Coriant represents a "strategic positive", the investment comes with some operational risk. The analyst note that he is still "concerned about the revenue growth, margin outlook and profitability of the combined company", but prepared to turn more constructive with increased visibility.
10/03/18
RSBL
10/03/18
NO CHANGE
RSBL
Neutral
Rosenblatt raises Ciena target, lowers Infinera's on expected CenturyLink shift
Rosenblatt analyst Ryan Koontz said he now expects Ciena (CIEN) to secure the lead optical supplier contract at CenturyLink (CTL) that he and many others had previously viewed as incumbent Infinera's (INFN) to lose. Koontz, who estimates the value of the contract for Ciena at $150M-$200M per year, modestly increased his 2019 revenue and earnings estimates and raised his price target to $33 from $31, though keeps a Neutral rating on the stock given the shares' recent strength. He cut his 2019 stand-alone Infinera revenue and earnings estimates and lowered his price target on the shares to $9 from $11.50, but maintains a Buy rating given the "precipitous" recent decline in the stock.
10/02/18
MSCO
10/02/18
NO CHANGE
Target $9.5
MSCO
Overweight
Morgan Stanley sees opportunity in Infinera amid CenturyLink uncertainty
After a fellow analyst said that Infinera (INFN) had lost an RFP with CenturyLink (CTL) and the company rebutted that CenturyLink confirmed that a final decision has not been made, Morgan Stanley analyst Meta Marshall said she has no knowledge of the outcome beyond Infinera's assertion that the matter has not been decided. While the potential customer loss would not be a positive, Marshall noted that her base case did not assume share gains at CenturyLink, but merely that revenue could improve by CenturyLink resuming spending at the completion of its RFP process. The analyst, who sees positive potential catalysts including Coriant synergy targets being more specifically outlined at the upcoming analyst day, Infinera meeting revenue expectations in Q3 and CenturyLink potentially resolving their RFP by year end, sees an opportunity in Infinera shares at current levels and keeps an Overweight rating and $9.50 price target on the stock.
10/01/18
10/01/18
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. OPCO CUTS CHIPOTLE TO UNDERPERFORM: Oppenheimer analyst Brian Bittner downgraded Chipotle Mexican Grill (CMG) to Underperform from Perform with a $400 price target. Since its new CEO announcement in February, Chipotle is up 82% and has been upgraded 10 different times by the Street, Bittner noted. The company's "high-flying" valuation has "priced in" persistent mid-single same-store-sales and a path to at least $20 of earnings per share versus $8-$9 this year, the analyst added. His work suggests this earnings path is too optimistic, even when assuming "healthy sales." INTEL CUT TO UNDERWEIGHT BY BARCLAYS: Barclays analyst Blayne Curtis downgraded Intel (INTC) to Underweight from Equal Weight and lowered his price target for the shares to $38 from $53. End-market tailwinds that propelled the run in shares, namely PC shortages and the slowing of server growth, are likely to reverse, Curtis believes. Further, the analyst expects Intel will see increased competition from AMD (AMD) and declining free cash flow returns. In addition, the names that have been floated in the CEO search "have yet to yield any disruptive potential candidates to take on all of these challenges," Curtis said. By squandering its manufacturing lead, the company now faces a "costly battle to retain share amidst a near-term slowing of its end markets," concluded the analyst. MKM CUTS INFINERA TO SELL: MKM Partners analyst Michael Genovese downgraded Infinera (INFN) to Sell from Neutral and lowered his price target to $5.50 from $10. The analyst said his checks suggest the company's loss of its biggest customer CenturyLink (CTL) to Ciena (CIEN) amid concerns with its ability to produce "new leading edge digital signal processors every 18-30 months". Genovese expects Infinera's upcoming guidance for Q4 and FY19 to be disappointing on revenues and margins, while his price target that assumes a valuation multiple of 0.8-times enterprise value to expected FY19 sales "reflects increasing concerns about the long-term competitiveness of the company." TEVA UPGRADED AT LEERINK, GOLDMAN: Leerink analyst Ami Fadia upgraded Teva (TEVA) to Market Perform from Underperform due to improving business fundamentals as well as the improving multiples for the overall generics sector. The analyst, who believes the company's fundamentals have improved meaningfully and put Teva in a position to pay down $3.5B in debt by YE18, raised his price target on the shares to $24 from $16. Meanwhile, Goldman Sachs analyst Jami Rubin added Teva to Goldman's Conviction List with a Buy rating, calling the recent selloff in the shares a "head scratcher." Recent concerns raised in the marketplace regarding second half of 2018 headwinds and Eli Lilly's (LLY) galcenuzemab approval were already expected and well understood, Rubin tells investors in a research note. DEUTSCHE CUTS LAM RESEARCH, APPLIED MATERIALS TO HOLD: Deutsche Bank analyst Sidney Ho downgraded Lam Research (LRCX) to Hold and lowered his price target for the shares to $170 from $230, and downgraded Applied Materials (AMAT) to Hold and lowered his price target for the shares to $43 from $58. Semicap Equipment stocks are not expensive but lack positive catalysts, Ho said. The analyst believes investor fears over that the industry has reached a cyclical peak will remain as long as the memory market stays weak. Further, he sees risk is for additional capex push-outs, especially in the first half of 2019.

TODAY'S FREE FLY STORIES

NOVN

Novan

$2.50

-0.04 (-1.57%)

06:38
11/14/18
11/14
06:38
11/14/18
06:38
Hot Stocks
Novan Phase 2 molluscum contagiosum trial achieves statistical significance »

Novan announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Nov

  • 27

    Nov

LLESY

Lendlease Group

$0.00

(0.00%)

06:37
11/14/18
11/14
06:37
11/14/18
06:37
Upgrade
Lendlease Group rating change  »

Lendlease Group upgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

VICI

VICI Properties

$21.47

-0.03 (-0.14%)

06:36
11/14/18
11/14
06:36
11/14/18
06:36
Syndicate
VICI Properties files to sell 25M shares of common stock »

Goldman Sachs & Co.,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

HOLI

Hollysys

$18.58

-0.37 (-1.95%)

06:36
11/14/18
11/14
06:36
11/14/18
06:36
Earnings
Hollysys reports Q1 adjusted EPS 46c vs. 36c last year »

Reports Q1 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Nov

ATRO

Astronics

$28.50

-0.13 (-0.45%)

06:35
11/14/18
11/14
06:35
11/14/18
06:35
Earnings
Astronics sees FY19 Aerospace revenue $710M-$745M »

"In our third…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Nov

HOLI

Hollysys

$18.58

-0.37 (-1.95%)

06:35
11/14/18
11/14
06:35
11/14/18
06:35
Upgrade
Hollysys rating change  »

Hollysys upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Nov

GOOG

Alphabet

$1,036.33

-2.89 (-0.28%)

, GOOGL

Alphabet Class A

$1,048.54

-1.06 (-0.10%)

06:34
11/14/18
11/14
06:34
11/14/18
06:34
Periodicals
Google to double New York City staff over next ten years, WSJ reports »

Google (GOOGL) has plans…

GOOG

Alphabet

$1,036.33

-2.89 (-0.28%)

GOOGL

Alphabet Class A

$1,048.54

-1.06 (-0.10%)

AMZN

Amazon.com

$1,631.68

-5.02 (-0.31%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Nov

  • 28

    Nov

  • 04

    Dec

  • 03

    Mar

ZYME

Zymeworks

$13.04

-0.2 (-1.51%)

06:33
11/14/18
11/14
06:33
11/14/18
06:33
Hot Stocks
Zymeworks updates clinical data for ZW25 anti-tumor candidate »

Zymeworks presented…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ATRO

Astronics

$28.50

-0.13 (-0.45%)

06:33
11/14/18
11/14
06:33
11/14/18
06:33
Hot Stocks
Astronics sells semiconductor test business to Advantest for $185M in cash »

Astronics announced it…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Nov

SNAP

Snap

$6.72

0.06 (0.90%)

, FB

Facebook

$142.19

0.67 (0.47%)

06:32
11/14/18
11/14
06:32
11/14/18
06:32
Periodicals
Snap subpoenaed by DOJ, SEC over IPO disclosures, Reuters reports »

The U.S. Justice…

SNAP

Snap

$6.72

0.06 (0.90%)

FB

Facebook

$142.19

0.67 (0.47%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Nov

  • 28

    Nov

TSN

Tyson Foods

$58.16

-3.35 (-5.45%)

06:31
11/14/18
11/14
06:31
11/14/18
06:31
Recommendations
Tyson Foods analyst commentary  »

Tyson Foods shares…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 03

    Mar

MANT

ManTech

$59.20

0.64 (1.09%)

06:29
11/14/18
11/14
06:29
11/14/18
06:29
Recommendations
ManTech analyst commentary  »

Attractive federal budget…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CAG

Conagra Brands

$35.19

-0.06 (-0.17%)

06:28
11/14/18
11/14
06:28
11/14/18
06:28
Downgrade
Conagra Brands rating change  »

Conagra Brands downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AAPL

Apple

$192.23

-1.925 (-0.99%)

, GLW

Corning

$32.03

0.32 (1.01%)

06:28
11/14/18
11/14
06:28
11/14/18
06:28
Downgrade
Apple, Corning, Lumentum rating change  »

Guggenheim sees 5% iPhone…

AAPL

Apple

$192.23

-1.925 (-0.99%)

GLW

Corning

$32.03

0.32 (1.01%)

LITE

Lumentum

$38.95

1.445 (3.85%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Nov

  • 26

    Nov

CDNA

CareDx

$25.49

-2.01 (-7.31%)

06:25
11/14/18
11/14
06:25
11/14/18
06:25
Syndicate
CareDx 2M share Spot Secondary priced at $24.50 »

The deal range was…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 15

    Nov

  • 27

    Nov

  • 27

    Nov

  • 14

    Nov

TRCO

Tribune Media

$38.78

-0.575 (-1.46%)

, APO

Apollo Global

$29.00

-0.4 (-1.36%)

06:23
11/14/18
11/14
06:23
11/14/18
06:23
Periodicals
ION Media teams with Cerberus, Hicks in bid for Tribune, NY Post reports »

ION Media has joined…

TRCO

Tribune Media

$38.78

-0.575 (-1.46%)

APO

Apollo Global

$29.00

-0.4 (-1.36%)

NXST

Nexstar

$80.53

0.26 (0.32%)

SBGI

Sinclair Broadcast

$31.37

0.09 (0.29%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Nov

  • 15

    Nov

MOG.A

Moog

$79.24

0.09 (0.11%)

06:18
11/14/18
11/14
06:18
11/14/18
06:18
Upgrade
Moog rating change  »

Moog upgraded to Buy from…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SCOR

comScore

$17.44

0.33 (1.93%)

06:17
11/14/18
11/14
06:17
11/14/18
06:17
Recommendations
comScore analyst commentary  »

comScore can gain…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 15

    Nov

VICI

VICI Properties

$21.47

-0.03 (-0.14%)

, PENN

Penn National

$19.76

-0.3 (-1.50%)

06:17
11/14/18
11/14
06:17
11/14/18
06:17
Hot Stocks
VICI Properties, Penn National to acquire Greektown Casino-Hotel for ~ $1B cash »

VICI Properties (VICI)…

VICI

VICI Properties

$21.47

-0.03 (-0.14%)

PENN

Penn National

$19.76

-0.3 (-1.50%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

F

Ford

$9.54

0.05 (0.53%)

, WMT

Walmart

$102.95

-0.93 (-0.90%)

06:16
11/14/18
11/14
06:16
11/14/18
06:16
Hot Stocks
Ford, Walmart collaborate to design automated-vehicle delivery »

Brian Wolf, Director,…

F

Ford

$9.54

0.05 (0.53%)

WMT

Walmart

$102.95

-0.93 (-0.90%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Nov

  • 15

    Nov

  • 13

    Dec

  • 23

    Jan

  • 25

    Apr

  • 24

    Jul

  • 23

    Oct

INVH

Invitation Homes

$21.66

0.11 (0.51%)

06:16
11/14/18
11/14
06:16
11/14/18
06:16
Downgrade
Invitation Homes rating change  »

Invitation Homes…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AMH

American Homes 4 Rent

$20.51

0.07 (0.34%)

06:16
11/14/18
11/14
06:16
11/14/18
06:16
Downgrade
American Homes 4 Rent rating change  »

American Homes 4 Rent…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SAP

SAP

$103.75

2.33 (2.30%)

, CRM

Salesforce

$132.18

1.68 (1.29%)

06:14
11/14/18
11/14
06:14
11/14/18
06:14
Periodicals
SAP CEO confident investors will eventually praise Qualtrics deal, FT reports »

SAP (SAP) CEO Bill…

SAP

SAP

$103.75

2.33 (2.30%)

CRM

Salesforce

$132.18

1.68 (1.29%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Nov

  • 14

    Nov

  • 15

    Nov

  • 19

    Nov

  • 20

    Nov

  • 26

    Nov

  • 27

    Nov

  • 27

    Nov

  • 28

    Nov

  • 29

    Nov

  • 06

    Dec

  • 11

    Dec

  • 03

    Mar

PCG

PG&E

$32.70

-0.25 (-0.76%)

06:14
11/14/18
11/14
06:14
11/14/18
06:14
Hot Stocks
PG&E says equipment failed before California wildfire »

In a regulatory filing,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TI

Telecom Italia

$6.07

0.06 (1.00%)

06:11
11/14/18
11/14
06:11
11/14/18
06:11
Downgrade
Telecom Italia rating change  »

Telecom Italia downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.