Breaking News Instant updates and real-time market news.

CIEN

Ciena

$33.08

-0.23 (-0.69%)

10:55
11/14/18
11/14
10:55
11/14/18
10:55

Ciena put volume heavy and directionally bearish

Bearish flow noted in Ciena with 2,116 puts trading, or 2x expected. Most active are 11/23 weekly 33.5 puts and 11/23 weekly 32.5 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 10.69, while ATM IV is up over 2 points on the day. Earnings are expected on December 6th.

CIEN Ciena
$33.08

-0.23 (-0.69%)

10/22/18
STFL
10/22/18
INITIATION
Target $35
STFL
Buy
Ciena resumed with a Buy at Stifel
Stifel analyst John Marchetti resumed Ciena with a Buy rating and a price target of $35, citing its position as a "leading vendor of optical networking systems servicing long-haul, metro, and datacenter interconnect communications networks". The analyst expects the company to return to "market growth driven by bandwidth demand across multiple target market segments" along with more specific growth drivers like opportunities around India market, DCI share gains, and customer and revenue diversification efforts that should yield "operating margin growth and drive multiple expansion."
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.
10/01/18
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.
10/01/18
10/01/18
DOWNGRADE

Market Perform
Ciena downgraded to Market Perform at Northland
As previously reported, Northland downgraded Ciena (CIEN) to Market Perform from Outperform and trimmed its price target to $33 from $34. Analyst Tim Savageaux sees risks to Ciena as switch router suppliers such as Arista (ANET), Cisco (CSCO), and Juniper (JNPR) enter the coherent DCI market with ZR enabled switch based solutons versus purpose built optical transport platforms, with additional challenges for Ciena in developing next gen low power coherent ASIC solutions given the company's current highly differentiated 400G/wavelength but very high power Wavelogic AI solution.

TODAY'S FREE FLY STORIES

BZH

Beazer Homes

$14.25

0.155 (1.10%)

08:08
09/18/19
09/18
08:08
09/18/19
08:08
Hot Stocks
Beazer Homes reports first two months of Q4 sales up 12.5% »

Beazer Homes 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

  • 23

    Sep

TTNP

Titan Pharmaceuticals

$0.34

-0.0289 (-7.86%)

08:08
09/18/19
09/18
08:08
09/18/19
08:08
Hot Stocks
Titan Pharmaceuticals granted $6.1M by NIDA for opioid antagonist development »

Titan has been approved…

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

ARTL

Artelo Biosciences

$2.53

0.14 (5.86%)

08:07
09/18/19
09/18
08:07
09/18/19
08:07
Hot Stocks
Artelo Biosciences announces reference of two CBD studies in Nature Medicine »

Artelo Biosciences…

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

ENTG

Entegris

$47.40

0.13 (0.28%)

08:07
09/18/19
09/18
08:07
09/18/19
08:07
Hot Stocks
Entegris acquires Hangzhou Anow Microfiltration for $73M in cash »

Entegris announced it has…

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

  • 19

    Sep

  • 23

    Sep

SABR

Sabre

$23.27

0.23 (1.00%)

08:06
09/18/19
09/18
08:06
09/18/19
08:06
Hot Stocks
Sabre announces collaboration with Singapore Airlines »

Sabre announced a…

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

AMZN

Amazon.com

$1,822.59

14.38 (0.80%)

, ORCL

Oracle

$52.87

-0.25 (-0.47%)

08:06
09/18/19
09/18
08:06
09/18/19
08:06
Recommendations
Amazon.com, Oracle analyst commentary  »

Larry Ellison keynote…

AMZN

Amazon.com

$1,822.59

14.38 (0.80%)

ORCL

Oracle

$52.87

-0.25 (-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

  • 19

    Sep

  • 26

    Sep

  • 27

    Oct

PMBC

Pacific Mercantile Bancorp

$8.28

0.28 (3.50%)

08:06
09/18/19
09/18
08:06
09/18/19
08:06
Hot Stocks
Pacific Mercantile Bancorp provides $5M credit facility to RoadEx America »

Pacific Mercantile Bank…

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

CBRL

Cracker Barrel

$167.79

2.84 (1.72%)

08:05
09/18/19
09/18
08:05
09/18/19
08:05
Recommendations
Cracker Barrel analyst commentary  »

Cracker Barrel price…

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

SANW

S&W Seed

$2.33

-0.03 (-1.27%)

08:05
09/18/19
09/18
08:05
09/18/19
08:05
Earnings
S&W Seed sees FY20 core revenue $41M-$44M, consensus $54.57M »

Including contributions…

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

  • 18

    Sep

SCPH

scPharmaceuticals

$7.07

0.07 (1.00%)

08:05
09/18/19
09/18
08:05
09/18/19
08:05
Hot Stocks
scPharmaceuticals plans to resubmit FUROSCIX NDA by mid-year 2020 »

scPharmaceuticals…

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

DRIO

DarioHealth

$0.37

-0.0201 (-5.14%)

08:04
09/18/19
09/18
08:04
09/18/19
08:04
Hot Stocks
DarioHealth awarded new U.S. patent »

DarioHealth 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

  • 12

    Nov

CVGI

Commercial Vehicle Group

$7.18

0.08 (1.13%)

08:03
09/18/19
09/18
08:03
09/18/19
08:03
Hot Stocks
Commercial Vehicle Group acquires First Source Electronics for $44.75M »

Commercial Vehicle Group…

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

BE

Bloom Energy

$3.30

-0.89 (-21.24%)

08:03
09/18/19
09/18
08:03
09/18/19
08:03
Recommendations
Bloom Energy analyst commentary  »

Morgan Stanley stays…

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

SANW

S&W Seed

$2.33

-0.03 (-1.27%)

08:03
09/18/19
09/18
08:03
09/18/19
08:03
Earnings
S&W Seed reports Q4 non-GAAP EPS 50c, consensus $1.05 »

Reports Q4 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

  • 18

    Sep

AZO

AutoZone

$1,156.07

26.56 (2.35%)

08:03
09/18/19
09/18
08:03
09/18/19
08:03
Recommendations
AutoZone analyst commentary  »

AutoZone price target…

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

  • 24

    Sep

ALL

Allstate

$107.94

1.56 (1.47%)

08:01
09/18/19
09/18
08:01
09/18/19
08:01
Conference/Events
Executives Club of Chicago to hold a breakfast meeting »

Breakfast Meeting…

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

  • 18

    Sep

  • 30

    Oct

CPRI

Capri Holdings

$31.68

-0.58 (-1.80%)

08:00
09/18/19
09/18
08:00
09/18/19
08:00
Recommendations
Capri Holdings analyst commentary  »

Capri Holdings price…

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

NCR

NCR Corp.

$32.85

-0.26 (-0.79%)

07:59
09/18/19
09/18
07:59
09/18/19
07:59
Initiation
NCR Corp. initiated  »

NCR Corp. initiated with…

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

  • 01

    Oct

ALNA

Allena Pharmaceuticals

$4.20

-0.035 (-0.83%)

07:55
09/18/19
09/18
07:55
09/18/19
07:55
Conference/Events
Allena Pharmaceuticals to hold a KOL breakfast meeting »

Management hosts a Key…

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

  • 18

    Sep

  • 18

    Sep

  • 24

    Sep

AAPL

Apple

$220.77

0.89 (0.40%)

07:52
09/18/19
09/18
07:52
09/18/19
07:52
Recommendations
Apple analyst commentary  »

Apple iPhone launch could…

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

AVP

Avon Products

$4.79

0.09 (1.91%)

07:52
09/18/19
09/18
07:52
09/18/19
07:52
Hot Stocks
Avon Products announces launch of new skincare and make-up brand 'Distillery' »

Avon Products announces…

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

TSM

TSMC

$45.15

0.55 (1.23%)

, AMD

AMD

$31.00

0.17 (0.55%)

07:51
09/18/19
09/18
07:51
09/18/19
07:51
Periodicals
TSMC extends production lead time for 7nm chip capacity, DIgiTimes reports »

TSMC (TSM) is extending…

TSM

TSMC

$45.15

0.55 (1.23%)

AMD

AMD

$31.00

0.17 (0.55%)

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

  • 07

    Nov

CBRL

Cracker Barrel

$167.79

2.84 (1.72%)

07:50
09/18/19
09/18
07:50
09/18/19
07:50
Recommendations
Cracker Barrel analyst commentary  »

Cracker Barrel price…

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

07:50
09/18/19
09/18
07:50
09/18/19
07:50
General news
U.S. MBA reported mortgage applications dipped -0.1% in the September 13 week »

U.S. MBA reported…

AKTS

Akoustis

$7.90

0.1 (1.28%)

07:48
09/18/19
09/18
07:48
09/18/19
07:48
Downgrade
Akoustis rating change  »

Northland downgrades…

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

  • 18

    Sep

  • 12

    Nov

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.