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VZ

Verizon

$58.67

-0.05 (-0.09%)

, MSI

Motorola Solutions

$126.92

-0.01 (-0.01%)

19:16
11/13/18
11/13
19:16
11/13/18
19:16

Verizon discloses completion of its first 5G data transmission on a smartphone

Verizon (VZ) - in partnership with Motorola (MSI), Samsung Electronics (SSNLF) and Qualcomm Technologies, a subsidiary of Qualcomm (QCOM) - completed the world's first 5G data transmission on a smartphone on a commercial 3GPP 5G New Radio network. This successful test was completed with a moto z3 paired with a 5G moto mod, the world's first 5G-upgradeable smartphone, in Providence, RI. This is the same 5G-upgradeable smartphone device consumers will use on Verizon's 5G mobile network when commercial service begins in 2019. This is the latest in a series of 5G milestones Verizon and its technology partners have achieved in recent months. The companies performed several tests over the 5G connection, including browsing the internet and placing a video call. The transmissions were completed over Verizon's 28 GHz spectrum and Samsung 5G New Radio solutions. The moto z3 with 5G moto mod is powered by the Qualcomm Snapdragon X50 5G modem, along with the groundbreaking QTM052 mmWave antenna modules.

VZ

Verizon

$58.67

-0.05 (-0.09%)

MSI

Motorola Solutions

$126.92

-0.01 (-0.01%)

SSNLF

Samsung

$0.00

(0.00%)

QCOM

Qualcomm

$54.19

-0.29 (-0.53%)

  • 13

    Nov

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    Nov

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    Nov

VZ Verizon
$58.67

-0.05 (-0.09%)

10/24/18
RHCO
10/24/18
NO CHANGE
Target $61
RHCO
Buy
Verizon price target raised to $61 from $58 at SunTrust
SunTrust analyst Greg Miller raised his price target on Verizon to $61 and kept his Buy rating after its "solid" Q3 results. The analyst notes that its core wireless operations were "solid", modestly outperforming expectations and making up for the weakness in the company's smaller wireline and Oath segments. Miller is also positive on the management's capital deployment and 5G upgrade cycle investment.
10/23/18
GUGG
10/23/18
INITIATION
Target $59
GUGG
Buy
Verizon assumed with a Buy at Guggenheim
Guggenheim analyst Mike McCormack assumed coverage of Verizon Communications with a Buy rating and unchanged price target of $59. The rating is unchanged from the prior analyst's coverage.
10/23/18
MOFT
10/23/18
NO CHANGE
MOFT
Verizon more or less fairly valued, says MoffettNathanson
10/19/18
ROTH
10/19/18
NO CHANGE
Target $3
ROTH
Buy
Roth Capital sees Digital Turbine powering Verizon pre-installs of Netflix app
Roth Capital analyst Darren Aftahi said he believes Digital Turbine's (APPS) software is powering Verizon's (VZ) pre-installations of the Netflix (NFLX) app on Android phones, which he noted the streaming service partially attributed for its solid domestic subscriber add performance in Q3. The success Netflix has seen has the potential to expand to other carriers and markets and provide a tailwind for Digital Turbine, said Aftahi, who keeps a Buy rating and $3 price target on the shares.
MSI Motorola Solutions
$126.92

-0.01 (-0.01%)

11/05/18
GABE
11/05/18
DOWNGRADE
GABE
Hold
Motorola Solutions downgraded to Hold on valuation at Gabelli
Gabelli analyst Hendi Susanto downgraded Motorola Solutions to Hold from Buy citing valuation.
11/05/18
11/05/18
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. Starbucks (SBUX) downgraded to Sell from Hold at DZ Bank. 2. Encana (ECA) downgraded to Equal Weight from Overweight at Morgan Stanley and to Market Perform from Outperform at BMO Capital. 3. Hilton (HLT) downgraded to Hold from Buy at Argus with analyst John Staszak saying that while the company is seeing success from its franchised business model, some of its markets are facing more challenging economic conditions and competition from other hoteliers and Airbnb is growing tighter. 4. Motorola Solutions (MSI) downgraded to Hold on valuation at Gabelli with analyst Hendi Susanto citing valuation. 5. UMC (UMC) downgraded to Sell from Underperform at CLSA with the firm's analyst citing the U.S. federal grand jury indictment into the company's potential involvement in IP-theft from Micron (MU). This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/25/18
SBSH
09/25/18
NO CHANGE
Target $146
SBSH
Buy
Motorola Solutions price target raised to $146 from $130 at Citi
Citi analyst Jim Suva raised his price target for Motorola Solutions to $146 saying recent market multiples and peer multiples have increased from prior levels. He maintains a Buy rating on the shares.
08/28/18
JEFF
08/28/18
NO CHANGE
Target $145
JEFF
Buy
Motorola Solutions price target raised to $145 from $140 at Jefferies
Jefferies analyst George Notter raised his price target for Motorola Solutions to $145 after spending time with management at the company's headquarters. Notter says the meetings reinforced his positive views of the Avigilon deal, their Public Safety Software efforts, as well as the health of the overall business. He reiterates a Buy rating on Motorola Solutions.
SSNLF Samsung
$0.00

(0.00%)

10/10/18
BFIN
10/10/18
NO CHANGE
BFIN
BlueFin checks show Lumentum received increased orders from Apple
BlueFin analysts John Donovan and Steve Mullane say their firm's latest supply chain checks suggest "strong and stable" iPhone demand. While unit demand has not changed, the mix to higher storage models has increased, which should benefit Toshiba (TOSBF), Samsung (SSNLF), and Micron Technology (MU), Donovan and Mullane tell investors in a research note. Further, BlueFin's latest checks reveal Lumentum (LITE) has received increased orders recently while competitors II-VI (IIVI) and Finisar (FNSR) continue to focus on securing second-source positioning. The latest on the two latter companies is mixed, but overall "encouraging," the analysts contend. As far as the rumors that Apple is exploring internal VCSEL development, they believe this is "more of a negotiating tactic at this point." VCSEL demand "looks to be skyrocketing" and the frustration in developing a secure second-source has likely caused Apple to explore internal development, write Donovan and Mullane. They understand Apple has looked into fabs in Taiwan to see about VCSEL development but note the earliest this could materialize is 2020-2021. This is likely more of a "call to arms" by Apple for Finisar, II-VI, and Lumentum to increase production to meet the demand, "or else face the consequences."
09/25/18
MKMP
09/25/18
NO CHANGE
Target $7.5
MKMP
Buy
Nokia gaining 5G market share with AT&T, says MKM Partners
MKM Partners analyst Michael Genovese kept his Buy rating and $7.50 price target on Nokia (NOK), saying his checks indicate that the company has "gained significant 5G base station market share at AT&T (T) at Ericsson's (ERIC) expense". The analyst notes that while 4G/LTE market share at AT&T was 65% Ericsson and 35% Nokia, the 5G Wireless Access infrastructure market share is likely at 65% Nokia and 35% Samsung (SSNLF). Genovese sees Nokia becoming the "prime infrastructure vendor" heading into 2019 - the year of "major positive global inflection for 5G".
09/17/18
ARGS
09/17/18
NO CHANGE
Target $320
ARGS
Buy
Adobe price target raised to $320 from $289 at Argus
Argus analyst Joseph Bonner raised his price target on Adobe to $320 from $289 and kept his Buy rating after its Q3 earnings beat, also raising his FY18 EPS view to $6.80 from $6.66 and FY19 to $7.73 from $7.22. The analyst is positive on the company's positioning "at the center of the exploding market for digital video content and advertising creation and management" with its "unique" software assets. Bonner adds that Adobe is accelerating its organic product refreshes and new rollouts while also partnering with industry leaders like Microsoft (MSFT), Accenture (ACN), Publicis, and Samsung (SSNLF) to drive continued growth. The analyst further notes the management's pattern of providing "underpromised and overdelivered" results.
11/02/18
NEED
11/02/18
NO CHANGE
Target $125
NEED
Buy
Universal Display price target lowered to $125 from $145 at Needham
Needham analyst James Ricchiuti lowered his price target on Universal Display (OLED) to $125 after its Q3 results and implied guidance suggesting a sequential revenue decline in Q4 of up to 9%. The analyst cites the management's discussion of weaker recovery in materials revenue amid weakness in the smartphone market and the complications from ASC606 standard magnifying changes in the impact of license revenue by a customer such as Samsung (SSNLF). Ricchiuti keeps his Buy rating on Universal Display, saying that the expected decline in the stock price today will bring its risk-reward to "particularly attractive" levels based on the company's 2019 growth expectations.
QCOM Qualcomm
$54.19

-0.29 (-0.53%)

11/08/18
ADAM
11/08/18
NO CHANGE
Target $75
ADAM
Buy
Qualcomm price target lowered to $75 from $86 at Canaccord
Canaccord analyst T. Michael Walkley lowered his price target on Qualcomm (QCOM) to $75 from $86 despite strong Q4 results, citing the loss of iPhone business combined with a soft smartphone market as the reason for the price change. His price assumptions take into account share buybacks and settling the licensing disputes with Apple (AAPL) and Huawei, he noted. Walkley maintained his Buy rating on Qualcomm shares.
11/08/18
DBAB
11/08/18
NO CHANGE
Target $65
DBAB
Hold
Qualcomm price target lowered to $65 from $70 at Deutsche Bank
Deutsche Bank analyst Ross Seymore lowered his price target for Qualcomm to $65 saying the company's fiscal Q1 guidance "disappointed on a number of metrics." The weaker guide reflects a "wide array of headwinds" that appear likely to persist through the first half of 2019, including China inventory adjustment, Apple share loss and a lack of industry-wide handset unit growth, says the analyst. He keeps a Hold rating on Qualcomm.
10/31/18
10/31/18
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. Electronic Arts (EA) downgraded to Neutral from Overweight at Atlantic Equities with analyst Kunaal Malde saying "Live Services slowed again, contrary to our prior expectations." 2. Qualcomm (QCOM) downgraded to Neutral from Buy at BofA/Merrill with analyst Tal Liani saying Qualcomm is facing licensing disputes with Huawei and Apple (AAPL) with resolution timing uncertain and royalty rates that are likely trend lower over time. 3. Container Store (TCS) downgraded to Underweight from Neutral at JPMorgan with analyst Christopher Horvers saying he expects the 2019 consumer environment to "soften with housing appearing to moderate as well." 4. Clovis (CLVS) downgraded to Neutral from Overweight at JPMorgan with analyst Cory Kasimov saying the company's Q3 report was "clearly surprising and disappointing," as Rubraca sales of $22.8M fell well below consensus of $31.3M and represented a sequential decline versus $23.8M in Q2. 5. Weatherford (WFT) downgraded to Neutral from Buy at Guggenheim with analyst Sasha Sanwal citing the company's Q3 results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/08/18
STFL
11/08/18
NO CHANGE
Target $58
STFL
Hold
Qualcomm price target lowered to $58 from $62 at Stifel
Stifel analyst Kevin Cassidy lowered his price target on Qualcomm (QCOM) to $58 from $62 following the company's quarterly report, noting that MSM shipments are expected to decline about 20% in fiscal Q1, 50% of which is due to Apple (AAPL) now using Intel (INTC) modems. He is impressed with the 5G traction highlighted by management and believes Qualcomm's lead in 5G may encourage Apple to settle, but various litigation issues keep Cassidy on the sidelines with a Hold rating on Qualcomm shares.

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PENN

Penn National

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AUTL

Autolus Therapeutics

$26.67

0.09 (0.34%)

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MDSO

Medidata

$90.30

11.44 (14.51%)

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Dassault Systemes

$0.00

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07:52
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Downgrade
Medidata, Dassault Systemes rating change  »

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Medidata

$90.30

11.44 (14.51%)

DASTY

Dassault Systemes

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AZRX

AzurRx BioPharma

$2.60

0.185 (7.68%)

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AzurRx BioPharma surpasses 50% enrollment for Phase 2 OPTION study »

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HAL

Halliburton

$31.09

-0.03 (-0.10%)

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JBLU

JetBlue

$16.84

-0.13 (-0.77%)

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ACHC

Acadia

$29.66

0.16 (0.54%)

07:49
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PAG

Penske Automotive

$44.64

-1.305 (-2.84%)

07:48
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07:48
Conference/Events
Penske Automotive management to meet with Stephens »

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JBLU

JetBlue

$16.84

-0.13 (-0.77%)

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JEC

Jacobs Engineering

$78.69

1.755 (2.28%)

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Jacobs Engineering extends contract with Watercare »

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PRIM

Primoris

$22.00

0.14 (0.64%)

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Primoris announces natural gas distribution awards with value over $25M »

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PACW

PacWest Bancorp

$38.85

-0.39 (-0.99%)

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Conference/Events
PacWest Bancorp management to meet with JMP Securities »

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ISRG

Intuitive Surgical

$490.70

-37.34 (-7.07%)

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NVR

NVR

$3,260.82

173.72 (5.63%)

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LMT

Lockheed Martin

$315.24

0.94 (0.30%)

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CVE

Cenovus Energy

$10.43

0.345 (3.42%)

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NUE

Nucor

$57.00

-0.495 (-0.86%)

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ZTO

ZTO Express

$19.30

-0.3 (-1.53%)

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DLR

Digital Realty

$119.37

-1.06 (-0.88%)

07:43
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WSO

Watsco

$150.99

-0.39 (-0.26%)

07:42
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07:42
Earnings
Watsco reports Q1 EPS 88c, consensus 88c »

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TWTR

Twitter

$34.39

-0.01 (-0.03%)

07:42
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Twitter sees FY19 CapEx $550M-$600M »

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