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ANET

Arista Networks

$299.23

2.45 (0.83%)

, BOX

Box

$19.91

0.04 (0.20%)

08:29
03/19/19
03/19
08:29
03/19/19
08:29

William Blair to hold a bus tour

Silicon Valley Bus Tour throughout the Silicon Valley on March 19.

ANET

Arista Networks

$299.23

2.45 (0.83%)

BOX

Box

$19.91

0.04 (0.20%)

GWRE

Guidewire

$94.92

1.13 (1.20%)

TLND

Talend

$49.97

0.73 (1.48%)

VMW

VMware

$182.71

1.11 (0.61%)

  • 19

    Mar

  • 16

    Apr

  • 17

    Apr

  • 09

    Jul

ANET Arista Networks
$299.23

2.45 (0.83%)

03/07/19
MSCO
03/07/19
NO CHANGE
Target $300
MSCO
Overweight
Arista Networks price target raised to $300 from $265 at Morgan Stanley
Morgan Stanley analyst James Faucette said he has increased confidence in Arista Networks' (ANET) ability to beat consensus estimates as he believes Arista is likely to benefit from hyperscale customers' growth. Faucette explains that he sees Arista sales as most closely tied to hyperscale service revenue and he believes better than expected revenue at Microsoft (MSFT), Google (GOOGL) and Facebook (FB) will lead to better than expected buying of Arista gear. Given that view and his confidence, Faucette raised his price target on Arista shares to $300 from $265 and keeps an Overweight rating on the stock.
02/19/19
GABE
02/19/19
UPGRADE
GABE
Buy
Arista Networks upgraded to Buy from Hold at Gabelli
Gabelli analyst Hendi Susanto upgraded Arista Networks to Buy from Hold after the company reported a "strong and healthy" mix of cloud titan revenues in the fourth quarter along with a "resilient" gross margin of 64%. Susanto has a favorable view of Arista Networks' competitive strengths, avenues of growth and high operating profitability, the analyst tells investors in a post-earnings research note.
02/15/19
NOMU
02/15/19
NO CHANGE
Target $275
NOMU
Buy
Arista Networks price target raised to $275 from $260 at Nomura Instinet
Nomura Instinet analyst Jeffrey Kvaal raised his price target for Arista Networks to $275 saying the company's services unit drove "typical upside to consensus." The analyst keeps a Buy rating on the shares.
02/15/19
JPMS
02/15/19
NO CHANGE
Target $285
JPMS
Neutral
Arista Networks price target raised to $285 from $264 at JPMorgan
JPMorgan analyst Samik Chatterjee raised his price target for Arista Networks to $285 citing the company's better than expected Q4 results and Q1 outlook. The analyst expects Arista's cloud momentum to continue into 2019 but keeps a Neutral rating on the shares.
BOX Box
$19.91

0.04 (0.20%)

02/28/19
02/28/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Booking Holdings (BKNG) downgraded to Neutral from Overweight at Atlantic Equities and Piper Jaffray, as well as to Perform from Outperform at Oppenheimer. 2. Box (BOX) downgraded to Sector Weight from Overweight at KeyBanc and to Neutral from Buy at Rosenblatt. 3. HP Inc. (HPQ) double downgraded to Underperform from Buy at BofA/Merrill with analyst Wamsi Mohan citing the company's Q1 report last night. 4. PSEG (PEG) downgraded to Hold from Buy at Deutsche Bank. 5. Dollar General (DG) and Big Lots (BIG) were downgraded to Hold from Buy at Deutsche Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/28/19
DADA
02/28/19
NO CHANGE
Target $25
DADA
Buy
Box price target lowered to $25 from $30 at DA Davidson
DA Davidson analyst Rishi Jaluria lowered his price target on Box to $25 after its "rough" Q4 results, stating that its billings came in well below consensus. The analyst also notes that the disappointing results and guidance were driven by weakness in EMEA, longer sales cycles pressuring 7-figure deals, and a reduction of spending by one of the company's big customers. Jaluria keeps his Buy rating on Box however, stating that based on the "disappointing quarter, reset to numbers, and potentially growing investor unrest", the company may emerge as a potential private equity takeout target.
02/28/19
ADAM
02/28/19
NO CHANGE
Target $24
ADAM
Buy
Box price target lowered to $24 from $30 at Canaccord
Canaccord analyst Richard Davis lowered his price target on Box following Q4 earnings. The analyst called it the company's worst quarter of execution since its 2015 IPO. He said when the "anger selling" is done, the stock typically makes back upwards of half of the beat down over the next month or so. He said at that point he will reassess his rating. Davis maintained his Buy rating on Box shares.
02/28/19
RSBL
02/28/19
DOWNGRADE
Target $21
RSBL
Neutral
Rosenblatt downgrades Box to Neutral after 'very disappointing quarter'
As previously reported, Rosenblatt analyst Marshall Senk downgraded Box to Neutral from Buy following what he called a "very disappointing quarter," noting that the company missed on all of its top-line metrics. The bottom line is that management failed to meet the expectations they set and his confidence has been diminished, Senk stated. His view is that the company is going to take at least another two, and maybe more, quarters to show improvement, Senk added. He cut his Q1 and FY20 estimates and lowered his price target on Box shares to $21 from $27.
GWRE Guidewire
$94.92

1.13 (1.20%)

02/01/19
GSCO
02/01/19
INITIATION
Target $106
GSCO
Conviction Buy
Guidewire resumed with a Conviction Buy at Goldman Sachs
Goldman Sachs analyst Christopher Merwin resumed coverage of Guidewire with a Buy rating and $106 price target. The analyst also added the shares to his firm's Americas Conviction List. As the leading provider of software solutions to the Property and Casualty insurance industry, Guidewire is well positioned to steadily penetrate a $14B end market, Merwin tells investors in a research note. He points out the company is also still in the early stages of the cloud transition.
03/07/19
STFL
03/07/19
NO CHANGE
Target $100
STFL
Hold
Guidewire 'delivered a stellar quarter' in Q2, says Stifel
Stifel analyst Tom Roderick said Guidewire "delivered a stellar quarter" driven by improved Cloud sales performance and overall operating efficiency gains "just when the investment community seemed to be getting impatient with the Guidewire Cloud transition." While he believes the fact that management doubled down on the pipeline of Cloud opportunities while also closing a deal that had previously slipped a few quarters ought to be encouraging, Roderick keeps a Hold rating on Guidewire shares, citing valuation. He raised his price target on Guidewire to $100 from $95.
12/05/18
DADA
12/05/18
NO CHANGE
Target $118
DADA
Buy
Guidewire selloff a buying opportunity, says DA Davidson
DA Davidson analyst Rishi Jaluria recommends using the recent selloff in shares of Guidewire Software as a buying opportunity. The analyst maintains a Buy rating on the shares with a $118 price target after Guidewire reported fiscal Q1 results. While the cloud commentary was disappointing, the company is making the right investments in its offerings, Jaluria tells investors in a research note. The analyst believes cloud "extends Guidewire's market leadership position and runway of growth, even if it takes longer than expected to see adoption, especially in a notoriously conservative industry."
03/04/19
PIPR
03/04/19
DOWNGRADE
Target $90
PIPR
Neutral
Guidewire downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Alex Zukin downgraded Guidewire Software to Neutral from Overweight and lowered his price target for the shares to $90 from $95 ahead of the company's quarterly results on March 6. The analyst's channel checks suggest that Guidewire is still struggling to sell InsuranceSuite Cloud deals and that the pace of activity is below internal expectations. Zukin says that while other areas of the business continue to execute nicely, with both internal and investor focus being cloud-first, he does not see "meaningful catalysts at this time."
TLND Talend
$49.97

0.73 (1.48%)

11/08/18
RSBL
11/08/18
DOWNGRADE
RSBL
Neutral
Talend downgraded to Neutral from Buy at Rosenblatt
Rosenblatt analyst Marshall Senk downgraded Talend to Neutral following Q3 results saying the Cloud transition weighed on results and Data Center continued to decelerate.
11/19/18
KEYB
11/19/18
NO CHANGE
Target $52
KEYB
Overweight
Talend price target lowered to $52 from $61 at KeyBanc
KeyBanc analyst Brent Bracelin lowered his price target for Talend to $52 from $61 to reflect heightened industry risk tied to on-premise data lakes migrating to the cloud. Given the risk of slowing growth next year appears fully baked into valuation, the analyst reiterates an Overweight rating on the shares.
11/20/18
BTIG
11/20/18
NO CHANGE
Target $50
BTIG
Buy
Talend price target lowered to $50 from $80 at BTIG
BTIG analyst Edward Parker lowered his price target on Talend to $50 after its Q3 earnings miss, below-consensus Q4 guidance, and the company's disappointing FY19 outlook of growth in the "low 20's" vs its prior expectations of at least 27%. The analyst contends that better messaging and transparency are needed from the management, but also attributes the reset to the company's "revenue recognition optics and faster than expected ratable transition, rather than a change in aggregate demand for data integration products." Parker keeps his Buy rating on Talend, adding that "consensus is appropriately optimistic" regarding the company's focus on the cloud integration market.
01/08/19
KEYB
01/08/19
NO CHANGE
KEYB
Microsoft, Salesforce among top Software stocks to own in 2019, says KeyBanc
KeyBanc analyst Brent Bracelin notes that despite challenging market conditions during Q4, the 45 software applications in his coverage universe outperformed the broader market by a wide margin. While industry conditions for application software appear more volatile entering 2019, the analyst sees a favorable backdrop for modern cloud-based applications with recurring subscription-based revenue models and continues to favor growth over value. His top software application stocks to own for 2019 include Microsoft (MSFT), Synopsys (SNPS), PTC (PTC), RealPage (RP), Talend (TLND), Salesforce (CRM), Shopify (SHOP), Twilio (TWLO), Avalara (AVLR).
VMW VMware
$182.71

1.11 (0.61%)

03/14/19
MZHO
03/14/19
INITIATION
Target $160
MZHO
Neutral
Mizuho sees limited upside for VMware. starts at Neutral
Mizuho analyst Gregg Moskowitz last night initiated coverage of VMware with a Neutral rating and $160 price target. The analyst has concerns that VMware's overall business "could somewhat meaningfully decelerate "over the medium term despite a more positive product mix-shift. Further, the "unique" ownership structure requires a discount to VMware's intrinsic value, Moskowitz tells investors in a research note.
03/13/19
MZHO
03/13/19
INITIATION
Target $160
MZHO
Neutral
VMware initiated with a Neutral at Mizuho
Mizuho analyst Gregg Moskowitz initiated VMware with a Neutral rating and $160 price target.
03/12/19
DBAB
03/12/19
NO CHANGE
DBAB
Buy
Deutsche Bank calls VMware an 'overlooked gem'
Deutsche Bank analyst Karl Keirstead calls VMware (VMW) an "overlooked gem" after digging into the company's software-defined storage product vSAN, which he notes is now at $1B in bookings for fiscal 2019 and that competes directly with Nutanix (NTNX). The analyst initiated coverage of the latter this morning with Hold rating. A few weeks ago, VMware posted one of its best quarters in years, marked by 21% product license growth and 16% total revenue growth, Keirstead tells investors in a research note. He keeps a Buy rating on the shares.
03/06/19
03/06/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. TripAdvisor (TRIP) downgraded to Underperform from Market Perform at Cowen with analyst Kevin Kopelman citing a weak start to 2019, expectations for weaker usage, and worries about younger age demos using Google (GOOG). 2. Teva (TEVA) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst David Risinger citing his belief that the stock's premium valuation largely prices in expectations for upside in the coming quarters due to cost cutting and conservative Copaxone guidance. 3. VMware (VMW) downgraded to Sell from Neutral at Goldman Sachs, while Pivotal Software (PVTL) was downgraded to Neutral from Buy. 4. Ormat Technologies (ORA) downgraded to Neutral from Overweight at JPMorgan with the firm's analyst citing a lack of catalysts for share appreciation in 2019. 5. CSX (CSX) downgraded to Hold from Buy at Stifel with analyst Michael Baudendistel saying he no longer sees a solid reason why shares should outperform the market in the next twelve months. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ARQL

ArQule

$8.97

0.32 (3.70%)

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SON

Sonoco

$58.27

0.75 (1.30%)

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SON

Sonoco

$58.27

0.75 (1.30%)

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Earnings
Sonoco reports Q3 base EPS 97c, consensus 90c »

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BWXT

BWX Technologies

$56.09

-0.33 (-0.58%)

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BWX Technologies awarded $806M contract from U.S. Navy »

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NFLX

Netflix

$286.83

2.59 (0.91%)

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  • 29

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AAPL

Apple

$234.59

-0.67 (-0.28%)

06:45
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Periodicals
EU examining Apple Pay for antitrust concerns, FT reports »

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  • 30

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ALV

Autoliv

$80.64

0.93 (1.17%)

06:45
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NOW

ServiceNow

$255.02

-19.58 (-7.13%)

06:44
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ServiceNow analyst commentary  »

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WE

We Company

$0.00

(0.00%)

, SFTBF

SoftBank

$0.00

(0.00%)

06:43
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10/17
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06:43
Periodicals
We Company forms committee to consider financing lifeline, Reuters reports »

The We Company (WE) has…

WE

We Company

$0.00

(0.00%)

SFTBF

SoftBank

$0.00

(0.00%)

SFTBY

SoftBank

$0.00

(0.00%)

JPM

JPMorgan

$119.70

-0.25 (-0.21%)

03/08/13
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  • 17

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CDXC

ChromaDex

$3.41

0.41 (13.67%)

06:41
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ChromaDex reports new study on nicotinamide riboside importance »

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BC

Brunswick

$55.47

0.46 (0.84%)

06:39
10/17/19
10/17
06:39
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06:39
Downgrade
Brunswick rating change  »

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  • 24

    Oct

MTB

M&T Bank

$159.14

0.27 (0.17%)

06:38
10/17/19
10/17
06:38
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06:38
Earnings
M&T Bank reports Q3 EPS $3.47, consensus $3.57 »

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  • 17

    Oct

NEPT

Neptune Wellness

$3.49

0.03 (0.87%)

06:38
10/17/19
10/17
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Hot Stocks
Neptune Wellness to provide extraction services to farming services operation »

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  • 12

    Nov

NSRGY

Nestle

$0.00

(0.00%)

06:38
10/17/19
10/17
06:38
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06:38
Hot Stocks
Nestle says portfolio management 'fully on track' »

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SNA

Snap-On

$157.68

-0.64 (-0.40%)

06:37
10/17/19
10/17
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Snap-On sees 2019 CapEx $95M-$105M »

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  • 17

    Oct

NSRGY

Nestle

$0.00

(0.00%)

06:37
10/17/19
10/17
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06:37
Earnings
Nestle backs underlying FY19 EPS in constant currency up vs. last year »

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NSRGY

Nestle

$0.00

(0.00%)

06:37
10/17/19
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06:37
Earnings
Nestle reports nine month sales CHF68.367B vs. CHF66.424B last year »

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KEY

KeyCorp

$17.70

-0.08 (-0.45%)

06:35
10/17/19
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Earnings
KeyCorp reports Q3 ex-items EPS 48c, consensus 46c »

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  • 17

    Oct

HON

Honeywell

$163.86

0.2 (0.12%)

06:35
10/17/19
10/17
06:35
10/17/19
06:35
Earnings
Honeywell narrows FY19 EPS view to $8.10-$8.15 from $7.95-$8.15, consensus $8.09 »

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  • 17

    Oct

NSRGY

Nestle

$0.00

(0.00%)

06:34
10/17/19
10/17
06:34
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06:34
Hot Stocks
Nestle to distribute CHF20B to shareholders via share buybacks »

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NBEV

New Age Beverages

$3.07

0.335 (12.27%)

, NSRGY

Nestle

$0.00

(0.00%)

06:34
10/17/19
10/17
06:34
10/17/19
06:34
Hot Stocks
New Age Beverages partners with Nestle to relaunch NESTEA in U.S. »

New Age Beverages (NBEV)…

NBEV

New Age Beverages

$3.07

0.335 (12.27%)

NSRGY

Nestle

$0.00

(0.00%)

KO

Coca-Cola

$53.49

-0.02 (-0.04%)

03/08/13
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  • 18

    Oct

TSM

TSMC

$50.14

-0.28 (-0.56%)

06:33
10/17/19
10/17
06:33
10/17/19
06:33
Hot Stocks
Breaking Hot Stocks news story on TSMC »

TSMC sees FY19 CapEx…

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  • 17

    Oct

TSM

TSMC

$50.14

-0.28 (-0.56%)

06:33
10/17/19
10/17
06:33
10/17/19
06:33
Earnings
TSMC sees Q4 revenue $10.2B-$10.3B, consensus $9.63B »

Gross profit margin is…

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  • 17

    Oct

HON

Honeywell

$163.86

0.2 (0.12%)

06:33
10/17/19
10/17
06:33
10/17/19
06:33
Earnings
Honeywell reports Q3 adj. EPS $2.08, consensus $2.01 »

Reports Q3 revenue…

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  • 17

    Oct

TSM

TSMC

$50.14

-0.28 (-0.56%)

06:32
10/17/19
10/17
06:32
10/17/19
06:32
Earnings
TSMC reports Q3 EPS 62c, consensus 60c »

Reports Q3 revenue $9.4B,…

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  • 17

    Oct

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