Breaking News Instant updates and real-time market news.

AMZN

Amazon.com

$1,562.30

11.3 (0.73%)

, ATTU

Attunity

$19.56

0.04 (0.20%)

11:55
12/19/18
12/19
11:55
12/19/18
11:55

William Blair software & IT services analyst to hold a group luncheon

Software & IT Services Analyst Suri holds a group luncheon meeting in New York on December 19 at 12:30 pm hosted by William Blair.

AMZN

Amazon.com

$1,562.30

11.3 (0.73%)

ATTU

Attunity

$19.56

0.04 (0.20%)

BL

BlackLine

$39.64

(0.00%)

CRM

Salesforce

$135.02

2.73 (2.06%)

DATA

Tableau

$124.94

3.34 (2.75%)

EVBG

Everbridge

$55.53

1.57 (2.91%)

HUBS

HubSpot

$130.61

2.49 (1.94%)

MITK

Mitek Systems

$10.11

-0.07 (-0.69%)

OOMA

Ooma

$13.43

0.07 (0.52%)

PVTL

Pivotal Software

$15.73

0.24 (1.55%)

RDC

Rowan Companies

$9.04

0.14 (1.57%)

TDC

Teradata

$36.97

0.5 (1.37%)

TWLO

Twilio

$87.94

2.7 (3.17%)

ZEN

Zendesk

$57.38

1.965 (3.55%)

  • 19

    Dec

  • 20

    Dec

  • 04

    Jan

  • 07

    Jan

  • 10

    Feb

  • 03

    Mar

AMZN Amazon.com
$1,562.30

11.3 (0.73%)

12/12/18
LOOP
12/12/18
NO CHANGE
Target $88
LOOP
Buy
Best Buy 'undervalued' with 'favorable near-term prospects', says Loop Capital
Loop Capital analyst Anthony Chukumba kept his Buy rating and $88 price target on Best Buy (BBY), saying his latest pricing study relative to Amazon.com (AMZN) shows that excluding two significantly higher priced items, the average item was priced only 0.4% higher. The analyst states that he is encouraged by the "competitive" pricing gap of Best Buy with just 2 weeks to go to Christmas and expects the stores to be the "go to" consumer electronics retailer for last-minute shoppers. Chukumba further contends that Best Buy shares are undervalued at 10.1-times his forward earnings, pointing to the company's "market leadership, favorable near-term prospects, track record of far exceeding consensus, and copious free cash flow generation".
12/12/18
COWN
12/12/18
NO CHANGE
Target $280
COWN
Outperform
FedEx margins likely to improve on y/y, q/q basis, says Cowen
Cowen analyst Helane Becker reiterated an Outperform rating and $280 price target on FedEx (FDX), telling investors in a research note that she believes margins will improve on a y/y and q/q basis, albeit at a moderately slower than expected pace. She lowered her 2Q19 earnings estimates to reflect higher purchase transportation costs and softer international pricing, but raised 2H19 estimates due to a strong peak and improving Express and Ground operations. She notes that investors are concerned Amazon (AMZN) will mitigate rising transportation costs by launching their own delivery network to compete with FedEx and its peers, but says that a new entrant will have to meaningfully ramp up its cost profile and forgo other investment opportunities to achieve the operating efficiencies of FedEx, UPS (UPS) and others.
12/18/18
WBLR
12/18/18
NO CHANGE
WBLR
Amazon close to getting permit for more Kornit printers, says William Blair
William Blair analyst Brian Drab has learned that the Pennsylvania Department of Environmental Protection is close to issuing a permit to Amazon (AMZN) that would allow the company to expand textile printing capacity in its Norristown, Pennsylvania, facility by 50%. Specifically, the permit would allow Amazon to place a total of 72 textile printers in the facility, up from the limit of 48 associated with the original permit, Drab tells investors in a research note. The PDEP expects to issue the expansion permit by February 15, 2019, says the analyst, who originally broke the news regarding Amazon's application for this permit in August. Drab says the "timing and significance" of the permit gives him increased confidence in his 2019 forecast for Kornit Digital (KRNT). He believes the Norristown facility currently operates about 40 Kornit printers. As such, the permit creates the opportunity for the facility to take about 30 additional machines. Drab's 2019 forecast for Kornit's consolidated revenue includes the sale of 30 machines to Amazon. The permit also gives increased confidence in the long-term outlook for Kornit because it is affirmation that Amazon is committed to utilizing Kornit technology in its textile printing operations, says the analyst. He keeps an Outperform rating on Kornit Digital, which closed yesterday down 29c to $17.53.
12/19/18
UBSW
12/19/18
NO CHANGE
Target $2100
UBSW
Buy
Amazon Prime U.S. usage trends stable and growing, says UBS
UBS analyst Eric Sheridan said the firm's analysis of Amazon's Prime ecosystem in the U.S. is showing stable and growing usage trends. He said he still sees opportunity for Amazon Prime to grow its wallet share and to improve profitability. Sheridan reiterated his Buy rating and $2,100 price target on Amazon shares.
ATTU Attunity
$19.56

0.04 (0.20%)

11/01/18
CHLM
11/01/18
NO CHANGE
Target $24
CHLM
Buy
Attunity price target raised to $24 from $20 at Craig-Hallum
Craig-Hallum analyst Chad Bennett raised his price target for Attunity to $24 after the company reported Q3 results above his expectations with license revenue growth of 50% and total revenue growth of 35%. The company's mix of term-based deals continues to trend higher as greater than 60% of Replicate deals were term-based in nature, Bennett tells investors in a post-earnings research note. He believes a growing mix of recurring revenues will likely result in a higher valuation for the stock. The analyst reiterates a Buy rating on Attunity.
09/19/18
ROTH
09/19/18
NO CHANGE
Target $25
ROTH
Buy
Attunity price target raised to $25 from $20 at Roth Capital
Roth Capital analyst Richard Baldry reiterated a Buy rating for Attunity and raised his price target to $25 from $20 following the company's investor day, telling investors in a research note that the even highlighted the company's increasing pace of large deal wins and offered a stage for recent management additions poised to bolster its sales efforts.
07/26/18
CHLM
07/26/18
NO CHANGE
Target $20
CHLM
Buy
Attunity price target raised to $20 from $14 at Craig-Hallum
Craig-Hallum analyst Chad Bennett raised his price target for Attunity to $20 from $14 after the company reported Q2 results above his expectations. The analyst reiterates a Buy rating on the shares.
07/26/18
ROTH
07/26/18
NO CHANGE
Target $20
ROTH
Buy
Attunity price target raised to $20 from $13 at Roth Capital
Roth Capital analyst Richard Baldry raised his price target for Attunity to $20 from $13 as its Q2 results again offered good top line growth, building on 2H17 and Q1's performances. The analyst reiterates a Buy rating on the shares.
BL BlackLine
$39.64

(0.00%)

09/18/18
KEYB
09/18/18
NO CHANGE
Target $65
KEYB
Overweight
BlackLine price target raised to $65 from $52 at KeyBanc
KeyBanc analyst Brent Bracelin reiterated an Overweight rating on BlackLine (BL) and raised his price target to $65 from $52. In a research note to investors, Bracelin says the firm's proprietary analysis of Key First Look Data: Jobs gives him an upward bias to 2H18 growth estimates of 25% for BlackLine as an increasing number of enterprises are looking to modernize back-office accounting functions. The analyst says he is also "encouraged" by partner momentum at SAP (SAP), KMPG, EY and Deloitte that he believes are helping further elevate BlackLine's role in transforming legacy financial operations.
10/10/18
KEYB
10/10/18
NO CHANGE
KEYB
Shopify, Salesforce should be bought on October pullback, says KeyBanc
KeyBanc analyst Brent Bracelin notes that the 55 largest SaaS stocks had an incredible run through the end of Q3, as the group benefited from robust secular tailwinds and multiple expansion with forward EV/S levels increasing by two full turns above the five-year average. That said, the "Big Chill" has quickly set in during the first nine days of October as the group is down 11% this month and 21% from the highs, on average, he adds. The analyst has identified eight high-quality SaaS stocks that he would buy on the October pullback based on attractive risk-reward and growth profiles looking out into 2020, namely Shopify (SHOP), Salesforce (CRM), Twilio (TWLO), Wix.com (WIX), Zendesk (ZEN), BlackLine (BL), Avalara (AVLR), and Mindbody (MB).
10/19/18
OPCO
10/19/18
INITIATION
OPCO
Perform
BlackLine initiated with a Perform at Oppenheimer
Oppenheimer analyst Koji Ikeda initiated BlackLine with a Perform rating, telling investors in a research note that while he is positive on the company's long-term opportunity and "visionary" management team, he thinks shares are fairly valued at this time and will wait on the sidelines for a better entry point.
11/16/18
KEYB
11/16/18
NO CHANGE
Target $56
KEYB
Overweight
BlackLine price target cut to $56 from $65 at KeyBanc
KeyBanc analyst Brent Bracelin lowered his price target on BlackLine (BL) to $56 but maintained an Overweight rating, citing a favorable risk/reward and a strong competitive moat in cloud accounting. In a research note to investors, Bracelin says that despite positive feedback at the user conference this week, he is lowering our 2019 revenue estimates by $17.7M based on risks that could temper 2019 growth but provide a stronger foundation for upside in 2020, including SAP's (SAP) shift to a revenue-share model starting in Q4 and sales investments by new leadership that may take more time given several new hires joined in late summer.
CRM Salesforce
$135.02

2.73 (2.06%)

11/28/18
MSCO
11/28/18
NO CHANGE
Target $178
MSCO
Overweight
Durability of Salesforce's growth not yet priced in, says Morgan Stanley
Morgan Stanley analyst Keith Weiss said Salesforce's Q3 results were "very strong" and he believes the company's guidance for Q4 billings and FY20 revenue growth look conservative. He sees Salesforce being well positioned to deliver 30% free cash flow CAGR through FY22 on its path toward hitting the company's $21B-$23B revenue goal, said Weiss, who does not think the durability of its growth has been priced into the stock yet. He keeps an Overweight rating on Salesforce with a $178 price target.
11/28/18
BMOC
11/28/18
NO CHANGE
Target $175
BMOC
Outperform
Salesforce price target raised to $175 at BMO Capital after earnings
BMO Capital analyst Keith Bachman raised his price target on Salesforce to $175 from $174 and kept his Outperform rating after its Q3 earnings beat and a higher than anticipated outlook for FY20. The analyst notes that among the positives of the quarter was the company's strong billings growth which "more than offset" below-consensus billings outlook for Q4. Bachman maintains his positive view on Salesforce longer term, saying that its "scale provides brand, sales, and cost advantages versus other SaaS vendors".
11/28/18
BARD
11/28/18
NO CHANGE
Target $165
BARD
Outperform
Salesforce price target lowered to $165 from $180 at Baird
Baird analyst Rob Oliver lowered his price target on Salesforce to $165 from $180 following Q3 results. The analyst noted its beat-and-raise results and strong initial 2020 guidance. He also noted CEO Mark Benioff's comments around strong macro conditions in the Americas, which gives him conviction in his rating but a lower target assumption due to the pullback in SaaS comp group valuations. Oliver maintained his Outperform rating on Salesforce shares.
11/28/18
JMPS
11/28/18
NO CHANGE
Target $178
JMPS
Outperform
After Q3 report, JMP Securities says Salesforce 'never been stronger'
After Salesforce reported Q3 results that he called "strong," JMP Securities analyst Patrick Walravens said the company has "never been stronger or been in a better position." He raised his FY19, FY20 and FY21 non-GAAP EPS estimates after the company's Q4 and FY20 revenue guidance came in above the consensus, noting that the company appears to be "well on track" to achieve its goal of $21-$23B of revenue in FY22. Walravens keeps an Outperform rating and $178 price target on Salesforce shares.
DATA Tableau
$124.94

3.34 (2.75%)

11/08/18
NEED
11/08/18
NO CHANGE
Target $74
NEED
Buy
Alteryx price target raised to $74 from $65 at Needham
Needham analyst Jack Andrews raised his price target on Alteryx (AYX) to $74 and kept his Buy rating after its "strong" Q3 results and raised FY18 outlook. The analyst notes that the company's revenue growth accelerated for the 2nd straight quarter in spite of the competitive fears regarding the availability of Tableau (DATA) Prep, which he sees as a comparable product that "arguably mimics" some of Alteryx's data cleansing capabilities. Andrews adds that he is positive on the company's sales execution and customer additions growth at a rate higher than 130% for the past 2 years.
11/25/18
FANA
11/25/18
UPGRADE
Target $123
FANA
Outperform
Tableau upgraded to Outperform from Neutral at First Analysis
First Analysis analyst Frank Sparacino upgraded Tableau Software to Outperform from Neutral and raised his price target for the shares to $123 from $105. The stock closed Friday up 99c to $108.60. The analyst cites valuation for the upgrade following the company's "strong" Q3 results. Tableau is seeing "strong" sales momentum, with Q3 license revenue up 19% year-over-year, Sparacino tells investors in a research note. Further, he points out the company's transition to a subscription/recurring revenue model is largely complete. In addition, the stock has returned to levels seen before the Q3 results were released, says Sparacino.
11/26/18
BARD
11/26/18
NO CHANGE
BARD
Outperform
Baird suggests M&A targets for Google to boost cloud ambitions
Baird analyst Colin Sebastian said he continues to view Google (GOOGL) as fully capable of addressing the entire public cloud opportunity, but its progress has been a bit slower than he expected, noting that the company is still the number-three player in the cloud platform market. The analyst believes the company should embark on a more aggressive "shopping spree" to improve commercialization and compiled a list of suggestions for compatible and complementary acquisitions that met his criteria to be "game-changing" based on core product/service, enterprise reputations, growth profile, and post-integration potential. The list of Sebastian and Baird software analyst Rob Oliver includes Workday (WDAY), ServiceNow (NOW), Atlassian (TEAM), Salesforce (CRM), Zendesk (ZEN), LogMeIn (LOGM), Tableau (DATA) and Box (BOX), he tells investors in a note titled "Google Should Lead Another Cloud Consolidation Wave." Sebastian maintains an Outperform rating on shares of Google parent Alphabet.
12/07/18
WEDB
12/07/18
INITIATION
Target $72
WEDB
Outperform
Alteryx initiated with an Outperform at Wedbush
Wedbush analyst Steve Koenig initiated Alteryx (AYX) with an Outperform rating and $72 price target. In a research note to investors, Koenig says Alteryx occupies a "sweet spot" in next-generation analytics, with a differentiated focus on data producers, and is a disruptive force in a large TAM of more than $19B, forging share gains and expanding the market for data preparation and data science platforms. Koenig believes concerns about emerging competition with Tableau (DATA) appear overdone.
EVBG Everbridge
$55.53

1.57 (2.91%)

06/19/18
ADAM
06/19/18
NO CHANGE
Target $57
ADAM
Buy
Investors should own starter position in Everbridge, says Canaccord
After attending Everbridge's analyst day, Canaccord analyst Richard Davis said that although the stock is expensive like many software stocks, he believes investors should own at least a starter position. He sees potential in the future for multiple compression, but he sees the five-year trend line forecasting a low 20% revenue growth. If that happens, it makes Everbridge an exceptional investment, said Davis, who reiterated his Buy rating on the shares.
10/22/18
BARD
10/22/18
INITIATION
Target $60
BARD
Outperform
Everbridge initiated with an Outperform at Baird
Baird initiated Everbridge with an Outperform and $60 price target.
06/15/18
NEED
06/15/18
NO CHANGE
Target $60
NEED
Buy
Everbridge price target raised to $60 from $50 at Needham
Needham analyst Scott Berg raised his price target on Everbridge to $60 after the company's analyst day, saying he is now more confident in its growth supported by the new Federal, International, and CEM opportunities. The analyst adds that near-term bookings assumptions could see upside from these drivers, sustaining the company's 30% revenue growth profile for a longer period than expected. Berg sees the announcement of a CEO transition potentially posing an overhang on the stock in the near term, but also expects the 12-18 month transition period to be sufficiently long to ensure a smooth handoff.
06/07/18
ADAM
06/07/18
NO CHANGE
Target $52
ADAM
Buy
Everbridge price target raised to $52 ahead of analyst day at Canaccord
Canaccord analyst Richard Davis raised his price target on Everbridge to $52 from $46 ahead of the company's analyst day. The analyst believes expectations are conservative, but even at the current growth rate and with little multiple expansion he thinks the shares can go up 25-30% over the next 12-18 months. The analyst also sees upside optionality later in the year as the company has been working for a couple of years to receive FedRamp certification, which can be gained by year end. Davis reiterated his Buy rating on Everbridge shares.
HUBS HubSpot
$130.61

2.49 (1.94%)

10/04/18
RSBL
10/04/18
INITIATION
Target $170
RSBL
Buy
HubSpot initiated with a Buy at Rosenblatt
Rosenblatt analyst Marshall Senk initiated HubSpot with a Buy and $170 price target saying it has emerged as a leading provider of digital marketing and sales solutions for small and medium-sized business market.
10/04/18
10/04/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Cypress Semiconductor (CY) initiated with a Buy at MKM Partners. 2. Orion Engineered (OEC) initiated with a Buy at Loop Capital. 3. PGT Innovations (PGTI) initiated with a Buy at Jefferies and an Outperform at Wells Fargo. 4. Mercury Systems (MRCY) initiated with a Buy at Canaccord. 5. HubSpot (HUBS) initiated with a Buy at Rosenblatt. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/17/18
BOFA
10/17/18
NO CHANGE
Target $160
BOFA
Buy
HubSpot price target raised to $160 from $150 at BofA/Merrill
BofA/Merrill analyst Brad Sills raised his price target on HubSpot to $160 and kept his Buy rating ahead of its Q3 results on November 7th, saying he expects another "solid quarter" with potential upside in revenues and bookings. The analyst notes that the feedback received from the "key agency partners" points to customer signings tracking ahead of expectations. Sills also points to HubSpot's "traditional" marketing partners gradually ramping up their Sales Hub pipelines. The analyst also notes that his model assumes slower decline in average selling prices than seen in Q2.
11/08/18
OPCO
11/08/18
NO CHANGE
Target $160
OPCO
Outperform
HubSpot price target raised to $160 from $150 at Oppenheimer
Oppenheimer analyst Koji Ikeda raised his price target for HubSpot to $160 from $150 after the company delivered "strong" Q3 results and raised guidance above consensus. The analyst reiterates an Outperform rating on the shares.
MITK Mitek Systems
$10.11

-0.07 (-0.69%)

10/26/18
BNCH
10/26/18
NO CHANGE
BNCH
Hold
Mitek poison pill evidence it has no interest in being acquired, says Benchmark
Benchmark analyst Mark Schappel called Mitek Systems' shareholder rights plan "essentially a poison pill" that he sees being aimed at fending off a takeover by ASG Technologies, which is backed by Elliott Management. He views the rights plan as further evidence that Mitek has no interest in entertaining an acquisition by Elliott and he keeps a Hold rating on the shares.
11/27/18
BNCH
11/27/18
UPGRADE
Target $12
BNCH
Buy
Mitek Systems upgraded to Buy from Hold at Benchmark
Benchmark analyst Mark Schappel upgraded Mitek Systems to Buy with a $12 price target. The analyst believes the rescinded resignation of CFO Jeffrey Davison removes a hurdle for the company.
11/27/18
BNCH
11/27/18
UPGRADE
Target $12
BNCH
Buy
Benchmark upgrades Mitek to Buy, sees CFO about-face helping to fend off Elliott
As previously reported, Benchmark analyst Mark Schappel upgraded Mitek Systems to Buy from Hold with a $12 price target. The analyst views CFO Jeffrey Davison rescinding his resignation and agreeing to stay on as a vote of confidence in new CEO Max Carnecchia and believes filling the CFO vacancy was one of the remaining hurdles in the company's attempt to fend-off the pending takeover proposal from Elliott. Given his view that Mitek is now better positioned to fend off Elliott's $10 per share proposal, Schappel thinks the activist will either need to up its offer meaningfully, drop its bid altogether or formulate additional steps such as proposing a dissident slate of directors.
12/13/18
BTIG
12/13/18
NO CHANGE
Target $14
BTIG
Buy
BTIG positive on Mitek Systems' mobile deposit system
BTIG analyst Joel Fishbein kept his Buy rating and $14 price target on Mitek after meeting with its CFO, saying the discussions support his confidence in the company's long-term and near-term plans as it "navigates ASG Technologies' activist involvement." The analyst has a "bullish" view on Mitek's "highly profitable mobile deposit business and rapidly developing ID verification segment".
OOMA Ooma
$13.43

0.07 (0.52%)

11/28/18
11/28/18
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. Spirit Airlines (SAVE) upgraded to Overweight from Neutral at JPMorgan with analyst Jamie Baker saying he admits to being "clearly misgauged" over the elasticity of Spirit's passenger base following the company's Q4 TRASM outlook "surprise." 2. Ooma (OOMA) upgraded to Outperform from Market Perform at William Blair with analyst Bhavan Suri saying the "solid" quarter shows Ooma's "consistent execution." 3. DaVita (DVA) upgraded to Outperform from Market Perform at Raymond James with analyst John Ransom saying the stock has fallen about 18% since the company reported a Q3 earnings miss and since the defeat of the California ballot initiative, creating an attractive entry point. 4. Aspen Technology (AZPN) upgraded to Buy from Hold at Canaccord with analyst David Hynes citing valuation. 5. Union Pacific (UNP) upgraded to Buy from Hold at Deutsche Bank with analyst Amit Mehrotra saying after several years of "weak" cost control, Union Pacific is now positioned for at least $3B in profit improvement. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/28/18
WBLR
11/28/18
UPGRADE
WBLR
Outperform
Ooma upgraded to Outperform from Market Perform at William Blair
William Blair analyst Bhavan Suri upgraded Ooma to Outperform following the company's Q3 results. The "solid" quarter shows Ooma's "consistent execution," Suri tells investors in a research note. Further, the stock's multiple is currently less than half that of the peer group, which makes now an attractive time to buy the stock, says the analyst.
08/10/18
FBCO
08/10/18
INITIATION
Target $13
FBCO
Neutral
Ooma assumed with a Neutral at Credit Suisse
Target $13.
08/23/18
RILY
08/23/18
NO CHANGE
Target $20
RILY
Buy
Ooma price target raised to $20 from $15.50 at B. Riley FBR
B. Riley FBR analyst Josh Nichols raised his price target for Ooma to $20 ahead of the company's Q2 results on August 28. The company's expanding UCaaS and home security platform should support subscription growth, Nichols tells investors in a research note. The analyst keeps a Buy rating on the shares.
PVTL Pivotal Software
$15.73

0.24 (1.55%)

10/22/18
NEED
10/22/18
INITIATION
Target $25
NEED
Buy
Pivotal Software initiated with a Buy at Needham
Needham analyst Jack Andrews initiated Pivotal Software with a Buy and $25 price target.
10/23/18
NEED
10/23/18
INITIATION
NEED
Buy
Red Hat, Pivotal Software, ServiceNow initiated with a Buy at Needham
As reported earlier, Needham analyst Jack Andrews initiated Red Hat (RHT), Pivotal Software (PVTL), and ServiceNow (NOW) with Buy ratings as part of his broader research note on select cloud-driven infrastructure software companies. The analyst notes that he expects new proprietary applications to generate rapid growth of cloud-based workloads, making the "platform as a service", or PaaS, market "one of the fastest growing segments in the technology stack". Andrews also points out that in addition to allowing "enterprises to run machine learning and deep learning algorithms in order to glean insights on how to improve customer experiences", a unique characteristic of infrastructure software companies is their pricing model driven by "per compute" or "consumption basis". The analyst contends that this makes them an attractive investment as "an infrastructure software vendor can maintain a long tail of growth within an enterprise by continuing to add licenses". Andrews assigns Red Hat a price target of $183, Pivotal Software a target of $25, and ServiceNow a price target of $224.
10/29/18
MSCO
10/29/18
NO CHANGE
MSCO
IBM deal reinforces Morgan Stanley confidence in Hybrid Cloud emergence
After IBM (IBM) announced its intention to acquire Red Hat (RHT) for about $34B in a deal with an over 60% premium to Red Hat's Friday closing price, Morgan Stanley analyst Keith Weiss said the announcement reinforced both his confidence in the emergence of Hybrid Cloud architectures and the strength of IT spending into 2019. Red Hat has been Microsoft's (MSFT) primary competitor within server operating systems, and has generally been taking share, said Weiss, who thinks the longer-term opportunity or threat for Microsoft hinges on the ability of IBM to execute well and maintain the open source enthusiasm around the Red Hat distributions. For VMware (VMW) and Pivotal Software (PVTL), while Weiss sees little near-term impact, he adds that the proposed combination would likely result in a fiercer competitive environment going forward. For New Relic (NEWR), he sees little direct competitive impacts from the proposed merger. Given HortonWorks' (HDP) strong existing ties to IBM, Cloudera (CLDR) could benefit by becoming a preferred data management vendor within the OpenShift ecosystem, Weiss added.
12/12/18
NEED
12/12/18
NO CHANGE
Target $28
NEED
Buy
Pivotal Software price target raised to $28 from $25 at Needham
Needham analyst Jack Andrews raised his price target on Pivotal Software to $28 and kept his Buy rating after its "solid" Q3 results. The analyst notes that the demand for the company's platform is seen as "robust" with "more blue chip customers willing to adopt new technologies to become software-first". Andrews further cites the inflection in the platform usage patterns indicating that a "majority of development centers around modernization of legacy applications", making Pivotal Software a "vital bridge in an enterprise's transition" toward creating "value-added applications".
RDC Rowan Companies
$9.04

0.14 (1.57%)

12/19/18
FBCO
12/19/18
DOWNGRADE
Target $10
FBCO
Neutral
Rowan Companies downgraded to Neutral at Credit Suisse
As previously reported, Credit Suisse analyst James Wicklund downgraded Rowan Companies to Neutral from Outperform as he updates his sector-wide macro forecasts for a lower expected oil price. In 2019, the analyst sees the overall U.S. rig count declining by about 5%, a 5% decline in completions and a 3% decline in pressure pumping horsepower needed. Wicklund also lowered his price target on the shares to $10 from $20.
12/19/18
FBCO
12/19/18
DOWNGRADE
FBCO
Neutral
Rowan Companies downgraded to Neutral from Outperform at Credit Suisse
10/30/18
DNBM
10/30/18
DOWNGRADE
DNBM
Hold
Rowan Companies downgraded to Hold from Buy at DNB Markets
10/12/18
JPMS
10/12/18
DOWNGRADE
Target $19
JPMS
Neutral
Rowan Companies downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Sean Meakim downgraded Rowan Companies (RDC) to Neutral and raised his price target for the shares to $19 from $16 to reflect the announced all-stock merger agreement with Ensco (ESV).
TDC Teradata
$36.97

0.5 (1.37%)

05/30/18
MZHO
05/30/18
UPGRADE
MZHO
Buy
Teradata upgraded to Buy from Underperform at Mizuho
Mizuho analyst Abhey Lamba upgraded Teradata two notches to Buy from Underperform and raised its price target to $50 from $32. Lamba believes Teradata's subscription-only portion of recurring revenues is underappreciated given spending dynamics. His field work indicates greater installed base stickiness and smaller workload erosion to competing cloud-native platforms. Lamba is more favorable following recent re-invigoration of product and go-to-market engines with the deployment menu extending to managed offerings housed on premise, appliances hosted at Teradata's datacenter and software-only deployments on public cloud infrastructures. The analyst believes expectations have been de-risked with potential upside over 2018-2019.
06/28/18
SBSH
06/28/18
INITIATION
Target $42
SBSH
Neutral
Teradata initiated with a Neutral at Citi
Citi analyst Tyler Radke started Teradata with a Neutral rating and $42 price target.
07/24/18
STPT
07/24/18
DOWNGRADE
STPT
Hold
Teradata downgraded to Hold from Buy at Standpoint Research
08/10/18
MSCO
08/10/18
NO CHANGE
MSCO
Equal Weight
After checks, Morgan Stanley sees NetApp beating consensus estimates
Morgan Stanley analyst Katy Huberty believes NetApp (NTAP) will report Q1 revenue and EPS that beat consensus estimates given her bullish reseller checks. She additionally notes that one of NetApp's OEM customers, Teradata (TDC), reported Q2 earnings upside partially due to a large hardware deal, which she said may benefit NetApp's July quarter results. Huberty, however, thinks a "beat and raise" report will be required for NetApp shares, which are already up 50% year-to-date, to maintain their strength. She keeps an Equal Weight rating on NetApp shares.
TWLO Twilio
$87.94

2.7 (3.17%)

12/18/18
DBAB
12/18/18
NO CHANGE
Target $110
DBAB
Buy
Twilio price target raised to $110 from $100 at Deutsche Bank
Deutsche Bank analyst Michael Turrin raised his price target for Twilio to $110 after examining the company's contact center software opportunity. He keeps a Buy rating on Twilio shares.
12/03/18
OPCO
12/03/18
NO CHANGE
OPCO
New Relic, VMware best positioned to benefit from secular shifts, says Oppenheimer
Oppenheimer analyst Ittai Kidron notes that he attended AWS' (AMZN) re:Invent user conference in Las Vegas, where he conducted a user survey giving him insight into application development and migration trends, the pace of DevOps adoption, forward IT spending intentions, and vendor positioning. Citing the survey, the analyst points out that DevOps practices are rapidly being adopted, and developers' prominence in IT budget/architecture decisions is driving market participants to offer end-to-end toolchains; hybrid/multi-cloud architectures are increasing in popularity, benefiting a select few providers; and legacy application migration activity is in early stages but set to gain momentum encompassing a broad range of applications. Within his coverage, Kidron sees New Relic (NEWR), Atlassian (TEAM), VMware (VMW) and Twilio (TWLO) as best positioned to benefit from secular shifts emphasizing the DevOps culture and adoption of hybrid/multi-cloud architectures.
11/23/18
OPCO
11/23/18
NO CHANGE
OPCO
Outperform
Twilio deal proxy suggests 'strong upside potential,' says Oppenheimer
Twilio (TWLO) on Wednesday filed a proxy in connection to its proposed acquisition of SendGrid (SEND), Oppenheimer analyst Ittai Kidron tells investors in a research note titled "SendGrid Proxy Reveals Strong Upside Potential." The analyst points out that Twilio made four cash offers for SendGrid before internal forecasts were shared and a stock deal was deemed as offering superior value. Further, Twilio's internal forecasts were materially above consensus calling for 136.3% net dollar expansion rate versus the consensus of 125.7%, says Kidron. SendGrid's projections were also well above consensus, he adds. Overall, Kidron continues to see "strong core business upside and compelling SendGrid deal rationale/synergies." He remains bullish on Twilio with an Outperform and $110 price target.
11/12/18
WBLR
11/12/18
NO CHANGE
WBLR
Outperform
William Blair still sees value in owning shares of Twilio
After taking a fresh look at Twilio's valuation following last week's post-earnings rally, William Blair analyst Bhavan Suri believes "there is still value in owning the stock." While the 35% rally on earnings "was probably a bit overdone," consensus expectations for 2019 and 2020 could prove conservative, Suri tells investors in a research note titled "Dreaming the Dream." The analyst says that if he were to assume Twilio can grow revenues 40% in 2019 and 30% in 2020, he would consider a cumulative growth rate of roughly 80% over the next two years. Applying an enterprise value of 10 times this forward revenue estimate, Suri says he would be able to justify a stock price of roughly $110. The analyst remains positive on Twilio's long-term fundamentals and thinks that "accumulating shares on any significant rationalization of the recent move makes sense." He keeps an Outperform rating on the name.
ZEN Zendesk
$57.38

1.965 (3.55%)

12/06/18
WEDB
12/06/18
INITIATION
Target $71
WEDB
Outperform
Zendesk initiated with an Outperform at Wedbush
Target $71.
12/07/18
WEDB
12/07/18
INITIATION
Target $71
WEDB
Outperform
Zendesk initiated with an Outperform at Wedbush
Wedbush analyst Steve Koenig initiated Zendeck with an Outperform rating and $71 price target. In a research note to investors, Koenig says the company is prospering by bringing simple but functional SaaS offerings for customer engagement to the SMB market, which hasn't been well served by majors and has legacy products ripe for replacement, adding that Zendesk is complementing its strength in customer support for SMBs with a move into the enterprise space and a broader set of CRM offerings.
12/07/18
12/07/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Zendesk (ZEN) initiated with an Outperform at Wedbush. 2. Skyworks (SWKS) and Qorvo (QRVO) were initiated with a Neutral at Susquehanna. 3. Western Union (WU) initiated with a Market Perform at Keefe Bruyette. 4. Becton Dickinson (BDX) initiated with a Buy at Deutsche Bank. 5. Keurig Dr Pepper (KDP) initiated with a Buy at SunTrust. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/17/18
WBLR
12/17/18
NO CHANGE
WBLR
Outperform
Zendesk shares can offer 'meaningful' long-term upside, says William Blair
William Blair analyst Bhavan Suri says recent meetings with Zendesk management had a positive tone with the company upbeat about its momentum and growth opportunities heading into 2019. The analyst came away impressed with Zendesk's progress in its move upmarket "as the conversation around the land motion is shifting from five-figure deals to six figures." He believes the stock an offer "meaningful" long-term upside and keeps an Outperform rating on the name.

TODAY'S FREE FLY STORIES

11:55
10/14/19
10/14
11:55
10/14/19
11:55
Conference/Events
JPMorgan telecom/networking equip analyst holds analyst/industry conference call »

Telecom & Networking…

VST

Vistra Energy

$27.00

-0.08 (-0.30%)

11:55
10/14/19
10/14
11:55
10/14/19
11:55
Options
Vistra Energy put volume heavy and directionally bearish »

Bearish flow noted in…

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

SDC

SmileDirectClub

$10.11

-0.99 (-8.92%)

11:50
10/14/19
10/14
11:50
10/14/19
11:50
On The Fly
SmileDirectClub drops after Dental Board of California sunset bill signed »

Shares of SmileDirectClub…

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

RVNC

Revance

$13.01

0.84 (6.90%)

11:47
10/14/19
10/14
11:47
10/14/19
11:47
Recommendations
Revance analyst commentary  »

Stifel surprised by CEO…

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

  • 25

    Oct

HAL

Halliburton

$18.43

-0.515 (-2.72%)

11:45
10/14/19
10/14
11:45
10/14/19
11:45
Options
Halliburton call volume above normal and directionally bullish »

Bullish option flow…

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

  • 21

    Oct

  • 13

    Nov

NKE

Nike

$94.87

0.97 (1.03%)

, WDC

Western Digital

$59.11

0.75 (1.29%)

11:41
10/14/19
10/14
11:41
10/14/19
11:41
On The Fly
Nike, Western Digital upgrades among today's top analyst calls »

Check out today's top…

NKE

Nike

$94.87

0.97 (1.03%)

WDC

Western Digital

$59.11

0.75 (1.29%)

TPR

Tapestry

$24.94

-1.03 (-3.97%)

HPE

HP Enterprise

$14.77

0.42 (2.93%)

XLNX

Xilinx

$96.33

0.15 (0.16%)

DAL

Delta Air Lines

$52.71

-0.23 (-0.43%)

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

    Oct

  • 22

    Oct

  • 23

    Oct

  • 23

    Oct

  • 07

    Nov

  • 14

    Nov

  • 19

    Nov

  • 20

    Nov

SDC

SmileDirectClub

$10.33

-0.77 (-6.94%)

11:32
10/14/19
10/14
11:32
10/14/19
11:32
Recommendations
SmileDirectClub analyst commentary  »

SmileDirectClub may have…

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

INTC

Intel

$51.65

-0.41 (-0.79%)

11:28
10/14/19
10/14
11:28
10/14/19
11:28
Periodicals
Intel may skip 10nm for desktop CPUs, Wccftech reports »

Intel is planning to skip…

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

    Oct

  • 20

    Nov

BKNG

Booking Holdings

$1,985.99

11.08 (0.56%)

, FB

Facebook

$183.97

-0.23 (-0.12%)

11:25
10/14/19
10/14
11:25
10/14/19
11:25
Periodicals
Booking Holdings no longer supporting Facebook's Libra cryptocurrency, CNBC says »

CNBC Now tweeted…

BKNG

Booking Holdings

$1,985.99

11.08 (0.56%)

FB

Facebook

$183.97

-0.23 (-0.12%)

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

  • 27

    Oct

  • 30

    Oct

M

Macy's

$15.17

-0.56 (-3.56%)

11:25
10/14/19
10/14
11:25
10/14/19
11:25
Options
Macy's call volume above normal and directionally bullish »

Bullish option flow…

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

  • 21

    Nov

CARA

Cara Therapeutics

$19.13

0.29 (1.54%)

11:22
10/14/19
10/14
11:22
10/14/19
11:22
Recommendations
Cara Therapeutics analyst commentary  »

Stifel still optimistic…

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

AZUL

Azul

$37.10

0.25 (0.68%)

, UAL

United Airlines

$86.50

-0.68 (-0.78%)

11:20
10/14/19
10/14
11:20
10/14/19
11:20
Periodicals
Azul in talks to join United, Copa, Avianca partnership, Reuters reports »

Brazilian airline Azul…

AZUL

Azul

$37.10

0.25 (0.68%)

UAL

United Airlines

$86.50

-0.68 (-0.78%)

CPA

Copa Holdings

$98.68

-0.67 (-0.67%)

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

  • 16

    Oct

  • 12

    Nov

  • 14

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
10/14/19
10/14
11:17
10/14/19
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is below average…

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

$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
10/14/19
10/14
11:16
10/14/19
11:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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

KEM

Kemet

$20.96

0.305 (1.48%)

11:15
10/14/19
10/14
11:15
10/14/19
11:15
Options
Kemet put volume heavy and directionally bearish »

Bearish flow noted in…

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

I

Intelsat

$24.59

0.26 (1.07%)

11:05
10/14/19
10/14
11:05
10/14/19
11:05
Options
Intelsat call volume above normal and directionally bullish »

Bullish option flow…

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

DE

Deere

$169.81

-1.16 (-0.68%)

11:03
10/14/19
10/14
11:03
10/14/19
11:03
Hot Stocks
Deere to acquire Unimil, terms not disclosed »

Deere & Company 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

  • 27

    Nov

SDC

SmileDirectClub

$10.48

-0.62 (-5.59%)

11:01
10/14/19
10/14
11:01
10/14/19
11:01
Hot Stocks
Breaking Hot Stocks news story on SmileDirectClub »

SmileDirectClub says…

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

SDC

SmileDirectClub

$10.44

-0.66 (-5.95%)

11:00
10/14/19
10/14
11:00
10/14/19
11:00
Hot Stocks
SmileDirectClub says CA assembly bill 1519 creates 'unnecessary hurdles' »

SmileDirectClub issued 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

  • 12

    Nov

TPR

Tapestry

$24.69

-1.28 (-4.93%)

10:55
10/14/19
10/14
10:55
10/14/19
10:55
Options
Tapestry put volume heavy and directionally bearish »

Bearish flow noted in…

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

  • 22

    Oct

  • 07

    Nov

10:55
10/14/19
10/14
10:55
10/14/19
10:55
Conference/Events
Evercore REITs analyst to hold a luncheon »

REITs Analyst Sakwa holds…

PUBGY

Publicis

$0.00

(0.00%)

, DIS

Disney

$129.71

-0.37 (-0.28%)

10:54
10/14/19
10/14
10:54
10/14/19
10:54
Periodicals
Disney splitting $3B media business with Publicis, Omnicom, Campaign reports »

Disney (DIS) is set to…

PUBGY

Publicis

$0.00

(0.00%)

DIS

Disney

$129.71

-0.37 (-0.28%)

OMC

Omnicom

$74.82

0.17 (0.23%)

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

    Oct

  • 24

    Oct

  • 24

    Oct

  • 07

    Nov

ALXN

Alexion

$99.63

0.37 (0.37%)

10:45
10/14/19
10/14
10:45
10/14/19
10:45
Options
Alexion call volume above normal and directionally bullish »

Bullish option flow…

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

    Oct

  • 23

    Oct

WDC

Western Digital

$59.26

0.9 (1.54%)

, AAPL

Apple

$237.68

1.47 (0.62%)

10:39
10/14/19
10/14
10:39
10/14/19
10:39
On The Fly
Western Digital rises as analyst says buy on rising flash prices »

Shares of Western Digital…

WDC

Western Digital

$59.26

0.9 (1.54%)

AAPL

Apple

$237.68

1.47 (0.62%)

STX

Seagate

$53.60

-0.2 (-0.37%)

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

  • 30

    Oct

  • 01

    Nov

  • 04

    Nov

  • 14

    Nov

  • 19

    Nov

  • 20

    Nov

HUM

Humana

$264.13

-2.2 (-0.83%)

10:34
10/14/19
10/14
10:34
10/14/19
10:34
Hot Stocks
Humana among five MA plans selected for Florida Medicare retirees »

Humana (HUM), which…

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

  • 13

    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.