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NOK

Nokia

$6.31

0.015 (0.24%)

, ERIC

Ericsson

$9.36

0.015 (0.16%)

13:07
02/16/19
02/16
13:07
02/16/19
13:07

A U.S. ban of Huawei may benefit Ericsson, Samsung, Barron's says

The next salvo in the escalating battle between the U.S. and China could come through an executive order that bans U.S. telecom companies from using equipment from certain foreign companies, and any order would largely be directed at Chinese telecom giant Huawei Technologies, Reshma Kapadia writes in this week's edition of Barron's. While no one walks away a clear winner from a Huawei ban, Nokia (NOK) and Ericsson (ERIC) would benefit by losing their lower-cost rival in wireless-network equipment, Samsung (SSNLF) could benefit as telecom operators try to hedge their bets and diversify their equipment suppliers, and Cisco (CSCO) and Juniper Networks (JNPR) could gain some share if telecom operators move away from Huawei, the publication contends. Reference Link

NOK

Nokia

$6.31

0.015 (0.24%)

ERIC

Ericsson

$9.36

0.015 (0.16%)

SSNLF

Samsung

$0.00

(0.00%)

CSCO

Cisco

$49.45

1.05 (2.17%)

JNPR

Juniper

$27.12

0.16 (0.59%)

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    Feb

NOK Nokia
$6.31

0.015 (0.24%)

02/01/19
ADAM
02/01/19
NO CHANGE
Target $8
ADAM
Buy
Nokia results show targets and thesis intact, says Canaccord
Canaccord analyst T. Michael Walkley noted Nokia reported Q4 results consistent with his estimates. He believes the company is positioned as a long-term industry leader as 5G begins to ramp. The analyst said his Buy thesis and the company's 2020 targets remain intact. Walkley reiterated his Buy rating and raised his price target to $7.50 from $7.00 on Nokia shares.
01/08/19
RAJA
01/08/19
UPGRADE
RAJA
Outperform
Nokia upgraded to Outperform from Market Perform at Raymond James
01/08/19
RAJA
01/08/19
UPGRADE
Target $7.5
RAJA
Outperform
Nokia upgraded to Outperform at Raymond James
As previously reported, Raymond James upgraded Nokia to Outperform from Market Perform with a $7.50 price target. Analyst Simon Leopold sees improving trends led by wireless spending that will aid Nokia's other segments of routing, optical and mobility. Simon also expects Nokia to benefit from the global backlash against Huawei, and views the company as advantaged given the diversity of its portfolio.
01/23/19
MKMP
01/23/19
NO CHANGE
Target $7.5
MKMP
Buy
Nokia Q4 earnings should be solid, says MKM Partners
MKM Partners analyst Michael Genovese kept his Buy rating and $7.50 price target on Nokia (NOK) ahead of its Q4 results, saying that earnings should be solid with evidence of 5G contribution, even though the outlook on its potential "won't settle the debate". The analyst notes that T-Mobile's (TMUS) 5G network build demand should also yield a good Q1 outlook with added contribution coming from the accelerated 5G plans from KT (KT) and SK Telecom in South Korea. Genovese adds that the 5G debate centers around investment plans by AT&T (T) and Verizon (VZ), but his checks indicate that the former has not made any final decisions on the timing.
ERIC Ericsson
$9.36

0.015 (0.16%)

12/20/18
12/20/18
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Humana (HUM) upgraded to Overweight from Neutral at JPMorgan with analyst Gary Taylor saying the upgrade reflects the "significant" recent pullback in the shares, Humana's accelerating market share gains, its "attractive" Medicare Advantage exposure, and "conservative" balance sheet. 2. Ericsson (ERIC) upgraded to Market Perform from Underperform at Raymond James. 3. Patterson-UTI (PTEN) and Halliburton (HAL) were upgraded to Buy from Hold at Societe Generale. 4. PPG (PPG) upgraded to Outperform from Sector Perform at RBC Capital with analyst Arun Viswanathan citing the potential tailwind coming from more favorable pricing in raw materials like oil and titanium dioxide. 5. Synovus (SNV) upgraded to Outperform from Neutral at Baird with analyst Garrett Holland saying core trends should remain solid with better relative loan growth, rising capital return and further efficiency 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.
01/10/19
JPMS
01/10/19
NO CHANGE
JPMS
Neutral
Ericsson restructuring of BSS a 'slight positive' for Amdocs, says JPMorgan
After Ericsson (ERIC) announced that it will be taking about $685M in restructuring charges in the fourth quarter to reshape its Business Support System, or BSS, business, JPMorgan analyst Jackson Ader called the news a "slight positive" for Amdocs (DOX). Ericsson's announcement gives more credence to Amdocs' contention that it has competed well against the equipment providers in the BSS space, it shows that the BSS market is strategic enough to warrant increased focus, and it likely gives Amdocs a leg up in the early stages of the 5G rollout, Ader tells investors. He maintains a Neutral rating on Amdocs shares.
10/19/18
ARGS
10/19/18
UPGRADE
Target $15.5
ARGS
Buy
Ericsson upgraded to Buy at Argus on 5G opportunity
As reported earlier, Argus analyst Jim Kelleher upgraded Ericsson to Buy from Hold with a price target of $15.50. The analyst cites the start of the "age of 5G wireless" leading to improving revenue trends as more carriers increase their spending on 5G infrastructure and network upgrades. Kelleher also points to the company's first organic sales growth reported in Q3 in 4 years, with its network segment also posting a double digit operating margin. The analyst contends that Ericsson has the "technology, global reach, strong base of 4G business and deep carrier relationships" to make it successful in the 5G transition.
12/20/18
RAJA
12/20/18
UPGRADE
RAJA
Market Perform
Ericsson upgraded to Market Perform from Underperform at Raymond James
SSNLF Samsung
$0.00

(0.00%)

01/09/19
OPCO
01/09/19
NO CHANGE
OPCO
Perform
Oppenheimer says 'rare miss' at Skyworks likely hints at downside risk for peers
Oppenheimer analyst Rick Schafer lowered his estimates for Skyworks (SWKS) after the company negatively pre-announced December quarter revenues and EPS, stating that he blames the majority of the company's "rare miss" on disappointing Apple (AAPL) iPhone units, though he also believes Samsung (SSNLF) and China OEMs contributed. Management did not offer a March quarter outlook, so estimates could come down again when Skyworks reports in a few weeks, warned Schafer, who thinks the pre-announcement likely hints at downside risk at peers such as Cirrus Logic (CRUS) and Qorvo (QRVO). He keeps a Perform rating on Skyworks shares, which are up 2% to $66.66 in morning trading.
01/09/19
ADAM
01/09/19
NO CHANGE
Target $84
ADAM
Buy
Skyworks price target lowered to $84 from $96 at Canaccord
Canaccord analyst T. Michael Walkley lowered his price target on Skyworks (SWKS) to $84 from $96 following its preannouncement indicating weak smartphone sales from its leading customers, Apple (AAPL) and Samsung (SSNLF), would lead to lower revenues. The analyst also lowered his estimates due to weak global trends including Android smartphones. He still believes, however, that the company's diverse portfolio positions its broad market division for double digit annual growth and Walkley maintained his Buy rating on Skyworks shares.
01/31/19
01/31/19
DOWNGRADE
Target $38

Hold
Cirrus Logic downgraded to Hold on lower Apple volumes at Craig-Hallum
As previously reported, Craig-Hallum analyst Anthony Stoss downgraded Cirrus Logic (CRUS) to Hold from Buy as likely lower volumes at Apple (AAPL) this year will be hard to offset even with content expansion at Samsung (SSNLF) and other Android OEMs given Apple is about 83% of revenues. The analyst lowered his price target on the shares to $38 from $44.
02/04/19
SBSH
02/04/19
NO CHANGE
SBSH
Texas Instruments, TSMC, Lam among Citi's top global Semi picks for 2019
Citi's global top picks in Semiconductors are Texas Instruments (TXN), TSMC (TSM), Sony (SNE), Samsung (SSNLF), ASML (ASML), and Lam Research (LRCX), analysts led by Christopher Danely tell investors in a research note. Citi is "becoming more constructive as fundamentals are bottoming and semis are shipping below demand." The firm expects revenue for the Semiconductor sector in 2019 to decline 7% year-over-year, down from 15% year-over-year growth in 2018, due to the "memory crash dragging down overall sales." If China goes into recession, Citi believes semis will see "another big leg down." If not, the firm expects upside in the second half of 2019.
CSCO Cisco
$49.45

1.05 (2.17%)

02/14/19
WELS
02/14/19
NO CHANGE
Target $57
WELS
Outperform
Cisco price target raised to $57 from $52 at Wells Fargo
Wells Fargo analyst Aaron Rakers raised his price target for Cisco to $57 from $52 given increased estimates and a belief that the company's execution and business model attributes warrant a sustainable multiple expansion. The analyst reiterates an Outperform rating on the shares.
02/14/19
JEFF
02/14/19
NO CHANGE
Target $55
JEFF
Buy
Cisco price target raised to $55 from $50 at Jefferies
Jefferies analyst George Notter raised his price target for Cisco Systems to $55 saying the company is "clicking on all cylinders." Last night's "print, guidance and the narrative around the business were strong," Notter tells investors in a post-earnings research note. The analyst continues to like Cisco's risk/reward as he believes "there's an improving argument for valuations to continue to re-rate higher." He keeps a Buy rating on the stock.
02/14/19
SBSH
02/14/19
NO CHANGE
Target $56
SBSH
Buy
Citi says buy Cisco, ups price target to $56 from $52
Citi analyst Jim Suva encourages investors to buy shares of Cisco Systems and boosted his price target for the stock to $56 from $52. The company has transitioned to a higher profitable model with strong cash flows and returning cash to shareholders all evidenced by this quarter's better than expected results and outlook, Suva tells investors in a post-earnings research note. He keeps a Buy rating on the shares.
02/14/19
MKMP
02/14/19
NO CHANGE
Target $54
MKMP
Neutral
Cisco price target raised to $54 from $51 at MKM Partners
MKM Partners analyst Michael Genovese raised his price target on Cisco Systems to $54 after its "slightly better" than expected Q2 results, with 7% revenue growth adjusted for divestitures and helped by a 2-point ASC 606 accounting change adjustment. The analyst notes that the company's public sector orders were surprisingly "very strong" given the U.S. Government shutdown in parts of December and January, even though its enterprise order growth decelerated to 11% from 15%. Genovese is keeping his Neutral rating on Cisco, noting that its 8% total product growth rate is likely the peak and that its 18% public sector product order growth may not be sustained.
JNPR Juniper
$27.12

0.16 (0.59%)

01/30/19
JPMS
01/30/19
NO CHANGE
Target $24
JPMS
Underweight
Juniper price target lowered to $24 from $26 at JPMorgan
JPMorgan analyst Samik Chatterjee lowered his price target for Juniper Networks to $24 from $26 and reiterates an Underweight rating on the shares following the company's Q4 results. The primary driver of the softer revenue outlook was the "familiar cloud driven headwind that has challenged Juniper's top-line growth throughout 2018," Chatterjee tells investors in a research note. He sees these cloud headwinds delaying Juniper's return to revenue growth.
01/30/19
01/30/19
DOWNGRADE
Target $25

Underperform
BofA double downgrades Juniper to Underperform on 'weak' fundamentals
As previously reported, BofA Merrill Lynch analyst Tal Liani double downgraded Juniper Networks to Underperform from Buy after the company reported "weak" Q4 results and guidance and management said the demand and pricing trends that are hurting them will likely not improve in the foreseeable future. The company's effort to penetrate cloud vendors with switches will require new products and may take time, Liani added. He lowered his estimates in the wake of the results and guidance and cut his price target on Juniper shares to $25 from $33.
01/30/19
RBCM
01/30/19
NO CHANGE
Target $26
RBCM
Sector Perform
Juniper price target lowered to $26 from $29 at RBC Capital
RBC Capital analyst Mitch Steves lowered his price target on Juniper to $26 after its Q4 results and below-consensus FY19 guidance. The analyst notes that the company cited weaker Q1 cloud revenue, negative impact from the government shutdown, and a shift in its go-to-market strategy. Steves also keeps his Sector Perform rating on Juniper given its track record of "stable performance over the last four years", forecasting low single digit growth longer term on strength in the telecom, cable, and cloud provider market.
01/30/19
WOLF
01/30/19
DOWNGRADE
WOLF
Peer Perform
Juniper downgraded to Peer Perform from Outperform at Wolfe Research

TODAY'S FREE FLY STORIES

CAL

Caleres

$25.72

-0.11 (-0.43%)

15:34
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03/21
15:34
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15:34
Options
Caleres options imply 11.8% move in share price post-earnings, above median historical move »

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CURLF

Curaleaf Holdings

$0.00

(0.00%)

, CVS

CVS Health

$57.28

1.11 (1.98%)

15:28
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CURLF

Curaleaf Holdings

$0.00

(0.00%)

CVS

CVS Health

$57.28

1.11 (1.98%)

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LYG

Lloyds Banking

$3.27

-0.115 (-3.40%)

15:27
03/21/19
03/21
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15:27
Options
Puts lead calls 140:1 in Lloyds Banking as shares underperform sector »

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IVZ

Invesco

$19.88

0.16 (0.81%)

15:21
03/21/19
03/21
15:21
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15:21
Conference/Events
Invesco management to meet with Morgan Stanley »

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BV

BrightView

$15.34

-0.23 (-1.48%)

15:20
03/21/19
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15:20
Hot Stocks
BrightView under investigation for potential securities laws violations »

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XHB

SPDR Homebuilders

$38.38

0.82 (2.18%)

15:20
03/21/19
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15:20
Options
Aggressive call buying in SPDR Homebuilders Fund as the sector sees strength »

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Canada retail sales preview »

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DLAKY

Lufthansa

$0.00

(0.00%)

15:19
03/21/19
03/21
15:19
03/21/19
15:19
Conference/Events
Lufthansa management to meet with Morgan Stanley »

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JEF

Jefferies Financial Group

$19.35

0.04 (0.21%)

15:19
03/21/19
03/21
15:19
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15:19
Options
Jefferies Financial Group options imply 4.0% move in share price post-earnings, below median historical move »

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NEXA

Nexa Resources

$12.46

-0.22 (-1.74%)

15:17
03/21/19
03/21
15:17
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15:17
Conference/Events
Nexa Resources management to meet with Morgan Stanley »

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  • 27

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
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15:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
03/21/19
03/21
15:16
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NYSE market internals summary »

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15:15
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15:15
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General news
Canada CPI preview »

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SPY

SPDR S&P 500 ETF Trust

$284.73

3.29 (1.17%)

, SPX

S&P 500

$0.00

(0.00%)

15:14
03/21/19
03/21
15:14
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15:14
Periodicals
DoubleLine's Gundlach surprised by Fed's dovish double-down, CNBC says »

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SPY

SPDR S&P 500 ETF Trust

$284.73

3.29 (1.17%)

SPX

S&P 500

$0.00

(0.00%)

QQQ

Invesco QQQ Trust

$182.53

2.79 (1.55%)

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TRI

Thomson Reuters

$57.40

0.64 (1.13%)

15:12
03/21/19
03/21
15:12
03/21/19
15:12
Conference/Events
Thomson Reuters management to meet with Morgan Stanley »

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15:10
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15:10
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General news
Treasury Closing Summary: »

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USB

U.S. Bancorp

$49.78

-0.59 (-1.17%)

, WFC

Wells Fargo

$49.91

-0.48 (-0.95%)

15:06
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Hot Stocks
Bank stocks sit out rally, mirroring concern for broader economy »

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USB

U.S. Bancorp

$49.78

-0.59 (-1.17%)

WFC

Wells Fargo

$49.91

-0.48 (-0.95%)

MS

Morgan Stanley

$43.45

0.425 (0.99%)

JPM

JPMorgan

$102.96

-1.58 (-1.51%)

C

Citi

$64.24

-0.05 (-0.08%)

GS

Goldman Sachs

$195.08

0.81 (0.42%)

BAC

Bank of America

$28.33

-0.3 (-1.05%)

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ZUO

Zuora

$24.08

0.36 (1.52%)

15:04
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03/21
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15:04
Options
Zuora options imply 16.5% move in share price post-earnings, below median historical move »

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SMG

Scotts Miracle-Gro

$79.39

2.27 (2.94%)

15:02
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15:02
Hot Stocks
Scotts Miracle-Gro extends partnership with Major League Baseball »

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  • 21

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BA

Boeing

$374.14

-2.27 (-0.60%)

15:00
03/21/19
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15:00
Periodicals
Boeing to slow work on 737 planes for 3 days next week, Bloomberg reports »

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DRI

Darden

$116.09

7.47 (6.88%)

, BLMN

Bloomin' Brands

$19.73

0.37 (1.91%)

14:54
03/21/19
03/21
14:54
03/21/19
14:54
Upgrade
Darden, Bloomin' Brands rating change at Gordon Haskett »

Darden upgraded to Hold…

DRI

Darden

$116.09

7.47 (6.88%)

BLMN

Bloomin' Brands

$19.73

0.37 (1.91%)

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  • 21

    Mar

NSA

National Storage

$28.29

0.5 (1.80%)

14:54
03/21/19
03/21
14:54
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14:54
Conference/Events
National Storage management to meet with Morgan Stanley »

Luncheon Meeting to be…

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  • 25

    Mar

AZO

AutoZone

$999.06

17.86 (1.82%)

14:51
03/21/19
03/21
14:51
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14:51
Conference/Events
AutoZone management to meet with Morgan Stanley »

Group Dinner Meeting to…

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XLK

Technology Select Sector SPDR

$75.09

1.85 (2.53%)

14:50
03/21/19
03/21
14:50
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14:50
Options
Timely call buy in SPDR Technology Fund »

Timely call buy in SPDR…

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