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ORCL

Oracle

$49.20

-0.05 (-0.10%)

, GOOG

Alphabet

$1,073.75

-2.29 (-0.21%)

17:25
01/24/19
01/24
17:25
01/24/19
17:25

Oracle says Google petition presents arguments that have been discredited

Oracle (ORCL) released the following statement on Google's (GOOG) Petition for Review by the Supreme Court: "Google's petition for certiorari presents a rehash of arguments that have already been thoughtfully and thoroughly discredited. The fabricated concern about innovation hides Google's true concern: that it be allowed the unfettered ability to copy the original and valuable work of others as a matter of its own convenience and for substantial financial gain. This is not, and has never been, a valid justification for copying. Further, the purported 'chill on innovation' is a well known myth. Since the initial decision of the Federal Circuit (and agreement of the Solicitor General's Office) that the Oracle Java code copied by Google was copyright protected, the pace of innovation has only accelerated, spurring job creation and opportunity. Indeed, the sky is not falling on the software industry or technology industry in general. Oracle will continue its efforts to protect and grow its own innovations, as well as those of other innovators, by ensuring that the well established principles of copyright law are not subverted by anyone trying to cut corners. In major victories for software innovation, the Court of Appeals has twice sided with Oracle against Google. The Court of Appeals was correct each time. The Supreme Court should once again deny Google's request to take the case." -- Oracle Executive Vice President and General Counsel Dorian Daley.

ORCL

Oracle

$49.20

-0.05 (-0.10%)

GOOG

Alphabet

$1,073.75

-2.29 (-0.21%)

GOOGL

Alphabet Class A

$1,085.00

-0.27 (-0.02%)

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    Mar

ORCL Oracle
$49.20

-0.05 (-0.10%)

01/15/19
01/15/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PG&E (PCG) downgraded to Sell from Buy at Argus with analyst Jacob Kilstein citing the company's announcement that it will declare bankruptcy based on the potential for $30B in liability costs related to its role in California wildfire, the lack of financing, and the absence of the state government intervention. 2. SL Green Realty (SLG) downgraded to Neutral from Buy at Goldman Sachs with analyst Andrew Rosivach saying he believes the market will value at a lower multiple than real estate ownership. 3. Atlassian (TEAM) and Yext (YEXT) were downgraded to Underweight from Equal Weight at Morgan Stanley while Oracle (ORCL), VMware (VMW), and Autodesk (ADSK) were downgraded to Equal Weight from Overweight. 4. Brookfield Business Partners (BBU) downgraded to Sector Perform at RBC Capital. 5. Edison International (EIX) downgraded to Underperform from Neutral at BofA/Merrill with analyst Julien Dumoulin-Smith citing the challenging operating environment in California following the PG&E (PCG) Chapter 11 filing. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/15/19
MSCO
01/15/19
DOWNGRADE
Target $53
MSCO
Equal Weight
Oracle downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Keith Weiss downgraded Oracle to Equal Weight from Overweight as he does not see the catalysts for a positive inflection in revenue growth coming in 2019. The prospects of a strong database cycle have been pushed further out, added Weiss, who thinks limited operating income growth thru calendar 2019 will not be enough to drive its multiple higher. Based on current multiples applied to his calendar 2020 EPS estimate, Weiss cut his price target for Oracle shares to $53 from $57.
01/09/19
01/09/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Nike (NKE) downgraded to Neutral from Outperform at Baird with analyst Jonathan Komp citing its relative valuation and concerns about its high P/E premium. 2. Oracle (ORCL) downgraded to Equal Weight from Overweight at Barclays with analyst Raimo Lenscho saying the competitive situation in the company's core database market and cloud is "not getting easier." 3. Wendy's (WEN) downgraded to Neutral from Outperform at Wedbush. 4. Booking Holdings (BKNG) downgraded to Equal Weight from Overweight at Morgan Stanley and to Hold from Buy at Jefferies. 5. United Continental (UAL) downgraded to Underperform from In-Line at Imperial Capital while Delta Air Lines (DAL) was downgraded to In-Line from Outperform. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/09/19
ATLE
01/09/19
INITIATION
Target $45
ATLE
Underweight
Oracle initiated with an Underweight at Atlantic Equities
Atlantic Equities analyst Dimitri Kallianiotis started Oracle with an Underweight rating and $45 price target as he believes that AI favors the dominant cloud providers in this "winner takes all" environment and thinks AI will reinforce the dominant position of the largest player in each market segment. This will exacerbate market share loss in applications at Oracle, driven by the decline in legacy on-premise solutions, Kallianiotis contends.
GOOG Alphabet
$1,073.75

-2.29 (-0.21%)

01/24/19
01/24/19
DOWNGRADE

Market Perform
Canada Goose downgraded to Market Perform at Wells Fargo
As previously reported, Wells Fargo analyst Ike Boruchow downgraded Canada Goose (GOOS) to Market Perform from Outperform and lowered his price target on the shares to C$68 from C$80. While the analyst remains confident on the trajectory of the Canada Goose brand and the fundamental story that has developed since their IPO in 2017, he feels the risk/reward is not as compelling as it once was. The analyst notes that the multi-national branded space has become more challenged in recent months, and not only is the stock more expensive today than it was following the company's IPO, but is also trading at a higher P/S multiple than any other brand has ever traded. When looking at search and social trends, Boruchow also sees a recent slowdown in both Google (GOOGL) trend search and Facebook's (FB) Instagram engagement over the holiday quarter as somewhat concerning.
01/23/19
DBAB
01/23/19
NO CHANGE
DBAB
Alphabet best positioned to benefit from Q4 earnings, says Deutsche Bank
Deutsche Bank analyst Lloyd Walmsley continues to view Facebook (FB) as his favorite mega cap Internet name for 2019, but on a short term basis he sees Alphabet (GOOG, GOOGL) as best positioned to benefit from Q4 earnings. Alphabet is particularly well positioned given conservative top line consensus estimates for 2019, Walmsley tells investors in a research note. For Amazon.com (AMZN), the analyst says that while sales growth is on track to decelerate in Q4, guidance for Q1 should point to an acceleration and Web Services and ad margin tailwinds "remain strong" in 2019. Walmsley lowered his price target for Alphabet to $1,300 from $1,350 and for Amazon to $2,250 from $2,300. He keeps Buy ratings on both names.
01/14/19
SBSH
01/14/19
NO CHANGE
Target $44
SBSH
Neutral
Roku valuation still 'relatively high' despite 48% selloff, says Citi
Citi analyst Mark May lowered his price target for Roku to $44 from $60 while keeping a Neutral rating on the shares. The stock closed Friday down 59c to $39.57. The analyst lists five main reasons for maintaining a Neutral rating despite the stock's 48% selloff since the peak on October 1, 2018. The analyst sees signs that Google (GOOG, GOOGL) and Amazon (AMZN) are becoming more competitive in the smart TV market, which he believes could result in pressure on Roku's account growth and/or expenses. Further, despite the recent selloff, Roku's valuation is still relatively high, May tells investors in a research note. The analyst also sees potential for Roku to accelerate its international expansion investments, which he notes could weigh on near-term earnings. In addition, May believes Q4 revenue and gross profit forecasts are already aggressive for Roku. Lastly, the consensus sell-side 2019 adjusted EBITDA forecast of $29M is above management's stated target of "managing the business toward breakeven," May tells investors in a research note.
01/10/19
01/10/19
UPGRADE
Target $39

Buy
BofA/Merrill upgrades Twitter two notches to Buy following social user survey
As previously reported, BofA Merrill Lynch analyst Justin Post upgraded Twitter (TWTR) two notches, to Buy from Underperform, after conducting a survey in early December of more than 1,000 U.S. consumers ages 18-65. The survey showed Twitter penetration increased to 48% of respondents and the percentage of users reporting deceased usage fell slightly. Improving metrics in the 18-29 demographic suggest more younger users are turning to Twitter, noted Post. The analyst, who sees Twitter as a strong play on video ad dollars shifting online and advertisers potentially diversifying their ad spending, raised his price target on Twitter shares to $39. Post added in the note to investors that the survey suggested Google (GOOGL) and Facebook's (FB) Instagram have the most positive usage trends, while the negative effects from Snap's (SNAP) redesign appear to have continued.
GOOGL Alphabet Class A
$1,085.00

-0.27 (-0.02%)

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VLKAY

Volkswagen

$0.00

(0.00%)

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VMI

Valmont

$136.23

2.79 (2.09%)

17:33
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Valmont announces Nebraska site closure »

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FLDM

Fluidigm

$13.78

0.12 (0.88%)

17:32
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Syndicate
Breaking Syndicate news story on Fluidigm »

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FOX

21st Century Fox

$51.06

-0.64 (-1.24%)

, FOXA

21st Century Fox

$51.38

-0.57 (-1.10%)

17:26
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Hot Stocks
Fox, Disney announces distribution adjustment multiple for acquisition »

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FOX

21st Century Fox

$51.06

-0.64 (-1.24%)

FOXA

21st Century Fox

$51.38

-0.57 (-1.10%)

DIS

Disney

$113.07

-1.89 (-1.64%)

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XYF

X Financial

$6.23

0.715 (12.98%)

17:23
03/18/19
03/18
17:23
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17:23
Earnings
X Financial reports Q4 EPS 24c, two estimates 24c »

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CADE

Cadence Bancorp

$20.24

0.51 (2.58%)

17:22
03/18/19
03/18
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17:22
Hot Stocks
Cadence Bancorp President Samuel Tortorici buys almost $1M in company shares »

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CELP

Cypress Energy

$7.41

0.06 (0.82%)

17:22
03/18/19
03/18
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17:22
Syndicate
Breaking Syndicate news story on Cypress Energy »

Cypress Energy files to…

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  • 18

    Mar

JWN

Nordstrom

$44.21

0.465 (1.06%)

17:21
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03/18
17:21
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17:21
Syndicate
Breaking Syndicate news story on Nordstrom »

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GD

General Dynamics

$171.73

2.13 (1.26%)

17:20
03/18/19
03/18
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17:20
Hot Stocks
General Dynamics awarded $2.04B Navy submarine material contract modification »

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  • 28

    May

FFIN

First Financial

$61.60

0.44 (0.72%)

, MBFI

MB Financial

$47.20

0.63 (1.35%)

17:19
03/18/19
03/18
17:19
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17:19
Hot Stocks
S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

First Financial…

FFIN

First Financial

$61.60

0.44 (0.72%)

MBFI

MB Financial

$47.20

0.63 (1.35%)

FOE

Ferro

$18.88

0.125 (0.67%)

FITB

Fifth Third

$28.74

0.42 (1.48%)

03/08/13
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FOE

Ferro

$18.88

0.125 (0.67%)

, FFIN

First Financial

$61.60

0.44 (0.72%)

17:17
03/18/19
03/18
17:17
03/18/19
17:17
Hot Stocks
Breaking Hot Stocks news story on Ferro, First Financial »

Ferro to replace First…

FOE

Ferro

$18.88

0.125 (0.67%)

FFIN

First Financial

$61.60

0.44 (0.72%)

03/08/13
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  • 23

    Apr

FFIN

First Financial

$61.60

0.44 (0.72%)

, MBFI

MB Financial

$47.20

0.63 (1.35%)

17:17
03/18/19
03/18
17:17
03/18/19
17:17
Hot Stocks
First Financial to replace MB Financial in S&P 400 at open on 3/22 »

Fifth Third Bancorp…

FFIN

First Financial

$61.60

0.44 (0.72%)

MBFI

MB Financial

$47.20

0.63 (1.35%)

FITB

Fifth Third

$28.74

0.42 (1.48%)

03/08/13
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CUTR

Cutera

$18.00

-0.29 (-1.59%)

17:13
03/18/19
03/18
17:13
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17:13
Hot Stocks
Cutera director Daniel Plants buys almost $1.5M in company shares »

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  • 28

    Mar

SMTX

SMTC Corp.

$4.41

-0.1 (-2.22%)

17:13
03/18/19
03/18
17:13
03/18/19
17:13
Syndicate
Breaking Syndicate news story on SMTC Corp. »

SMTC Corp. files $50M…

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SNE

Sony

$46.10

-0.16 (-0.35%)

, AAPL

Apple

$188.03

1.83 (0.98%)

17:09
03/18/19
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Periodicals
PlayStation Vue now lets Apple TV users watch four channels at once, Verge says »

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SNE

Sony

$46.10

-0.16 (-0.35%)

AAPL

Apple

$188.03

1.83 (0.98%)

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VRRM

Verra Mobility

$10.89

0.15 (1.40%)

17:08
03/18/19
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Earnings
Verra Mobility reports Q4 net ($38.0M) vs. ($29.2M) last year »

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  • 18

    Mar

EQH

AXA Equitable

$20.86

0.09 (0.43%)

17:06
03/18/19
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17:06
Syndicate
AXA Equitable files to sell 40M shares of common stock for holders »

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DIS

Disney

$113.07

-1.89 (-1.64%)

17:04
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Hot Stocks
ESPN+ to become exclusive distributor of UFC Pay-Per-View events »

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  • 11

    Apr

STML

Stemline

$12.92

-0.71 (-5.21%)

17:02
03/18/19
03/18
17:02
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17:02
Recommendations
Stemline analyst commentary at Piper Jaffray »

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REV

Revlon

$19.39

0.42 (2.21%)

17:02
03/18/19
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Hot Stocks
Revlon down 15% after Q4 results miss estimates »

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  • 18

    Mar

ATR

AptarGroup

$103.69

0.75 (0.73%)

17:01
03/18/19
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Hot Stocks
AptarGroup's Bidose approved by FDA for breakthrough treatment of depression »

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XELA

Exela Technologies

$3.82

-0.03 (-0.78%)

16:57
03/18/19
03/18
16:57
03/18/19
16:57
Earnings
Exela Technologies sees FY19 revenue $1.66B-$1.7B, consensus $1.68B »

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  • 18

    Mar

XELA

Exela Technologies

$3.82

-0.03 (-0.78%)

16:56
03/18/19
03/18
16:56
03/18/19
16:56
Earnings
Exela Technologies reports Q4 revenue $399.6M, consensus $401.4M »

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  • 18

    Mar

BIO

Bio-Rad

$313.64

3.58 (1.15%)

16:55
03/18/19
03/18
16:55
03/18/19
16:55
Hot Stocks
Bio-Rad extends 10-K filing by 15 days to complete year-end procedures »

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AERI

Aerie Pharmaceuticals

$47.09

0.09 (0.19%)

16:55
03/18/19
03/18
16:55
03/18/19
16:55
Conference/Events
Aerie Pharmaceuticals management to meet with JMP Securities »

Group Dinner Meeting to…

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