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STX

Seagate

$48.95

2.73 (5.91%)

, HPE

HP Enterprise

$16.03

0.15 (0.94%)

06:09
03/22/19
03/22
06:09
03/22/19
06:09

Seagate teams up with HPE, Nvidia for Project Athena, DigiTimes reports

Seagate (STX) has partnered with HPE (HPE) and Nvidia (NVDA) to develop its artificial intelligence platform Project Athena, with which the company's investments in clean room can be cut by 20% and time spent on the manufacturing reduced by 10%, DigiTimes' Aaron Lee and Joseph Tsai report, citing Jeffrey Nygaard, Seagate's EVP and head of operations, products and technology. The project will be implemented in the company's factories worldwide and Nygaard noted the platform is jointly developed by the three firms and the IP will be shared. Reference Link

STX

Seagate

$48.95

2.73 (5.91%)

HPE

HP Enterprise

$16.03

0.15 (0.94%)

NVDA

Nvidia

$183.92

9.54 (5.47%)

  • 27

    Mar

  • 03

    Apr

STX Seagate
$48.95

2.73 (5.91%)

02/05/19
CHLM
02/05/19
NO CHANGE
Target $41
CHLM
Hold
Seagate price target lowered to $41 from $47 at Craig-Hallum
Craig-Hallum analyst Christian Schwab lowered his price target for Seagate to $41 from $47 and reiterated a Hold rating on the shares. The analyst believes Seagate lacks near-term visibility regarding demand and the product demands of a future recovery, particularly from cloud service providers.
02/07/19
02/07/19
DOWNGRADE
Target $19

Hold
Marvell downgraded to Hold on challenging 2019 at Craig-Hallum
As previously reported, Craig-Hallum analyst Christian Schwab downgraded Marvell to Hold from Buy saying the company's Storage business is being significantly impacted by Western Digital (WDC) and Seagate's (STX) unit weakness and inventory management. Although the HDD industry is expecting to rebound in the back half of the calendar year, the improvement is expected to be driven by hyperscale datacenter spending, he contends, adding that these drives have higher ASPs and margins benefiting the HDD manufacturers, but will not drive a material unit recovery. Schwab believes NAND price elasticity will offer an opportunity in the 2H of 2019 for Marvell's SSD controller business to improve. However, NAND price elasticity is not instant and will be driven by new innovations and new platforms coming to market, the analyst contends. He also lowered his price target on Marvell's shares to $19 from $22.
02/13/19
KEYB
02/13/19
NO CHANGE
KEYB
KeyBanc anticipates NAND shortages by year-end
KeyBanc analyst Weston Twigg says that his updated memory supply model indicates that NAND bit supply growth should decelerate to 28% in 2019, down from 47% in 2018, with year over year supply growth dropping sharply in 2H19. The analyst expects NAND shortages by year-end. For DRAM, shipment and capacity restrictions should lower 2019 supply growth to 11%, down from 18% in 2018. Overall, Twigg expects both NAND and DRAM pricing to stabilize in 2H19, a positive for Micron (MU), Western Digital (WDC), and Silicon Motion (SIMO), and neutral for Seagate (STX). The analyst reiterates an Overweight rating on Micron.
03/07/19
BNCH
03/07/19
NO CHANGE
BNCH
Mixed signals being sent by memory market, says Benchmark
Benchmark analyst Mark Miller noted that both Western Digital (WDC) and Seagate (STX) have recently reaffirmed their prior expectations for a 2H19 recovery at an investor conference. However, he believes recent reports of high inventory levels and continued weakness in memory chip prices provide mixed signals for investors and given this he maintains his Hold rating on Western Digital shares.
HPE HP Enterprise
$16.03

0.15 (0.94%)

03/12/19
03/12/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Boeing (BA) downgraded to Hold from Buy at Edward Jones. 2. Monster Beverage (MNST) downgraded to Market Perform from Outperform at BMO Capital with analyst Amit Sharma saying Monster's current valuation, both absolute and relative to peers, "may be as good it gets." 3. Coca-Cola (KO) downgraded to Hold from Buy at HSBC with analyst Carlos Laboy saying in "trying to grow the pie," Coke is being required to drive revenues with low-margin brands that may take years to scale up. 4. HP Enterprise (HPE) downgraded to Sell from Neutral at UBS with analyst John Roy saying the company's on-premises hardware sales are being pressured by the growth in public cloud, while the "stock is expecting better." 5. F5 Networks (FFIV) downgraded to Neutral from Overweight at JPMorgan with analyst Samik Chatterjee saying the "expensive" acquisition of NGINX is "tough to digest" given the integration and execution risk. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/12/19
UBSW
03/12/19
DOWNGRADE
Target $13
UBSW
Sell
HP Enterprise downgraded to Sell from Neutral at UBS
UBS analyst John Roy downgraded HP Enterprise to Sell from Neutral and cut his price target for the shares to $13 from $17. The company's on-premises hardware sales are being pressured by the growth in public cloud, while the "stock is expecting better," Roy tells investors in a research note. Further, HP Enterprise's 15%-plus server selling price growth is unlikely to repeat as component prices decline, the analyst adds. He expects the company's revenue growth to decline from 7% in 2018 to negative 2% in 2019. The stock's multiple should contract from 9.5 times to 8.5 times as revenue inflects from growth to decline, Roy contends.
01/18/19
OPCO
01/18/19
NO CHANGE
Target $18
OPCO
Outperform
HP Enterprise investors should build positions, says Oppenheimer
Oppenheimer analyst Ittai Kidron maintained an Outperform rating and $18 price target on HP Enterprise after meeting with CFO Tarek Robbiati. In a research note to investors, Kidron says near-term business trends remain largely unchanged despite macro concerns and the U.S. government shutdown and he sees little downside and believes investors should build positions ahead of an improving top line and margin story in 2H19/FY20.
01/16/19
01/16/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Citi (C) downgraded to Hold from Buy at Standpoint Research. 2. Snap (SNAP) downgraded to Sector Perform from Outperform at RBC Capital with analyst Mark Mahaney citing the company's recent "mixed" pre-announcement and, more importantly, its latest disclosure of a "surprise" exit by its CFO Tim Stone who was on the job for less than a year. 3. Nordstrom (JWN) downgraded to Neutral from Conviction Buy at Goldman Sachs, to Neutral from Overweight at Atlantic Equities, and to Market Perform from Outperform at Telsey Advisory. 4. AB InBev (BUD) downgraded to Underperform from Hold at Jefferies with analyst Edward Mundy saying market share pressures, some of which have only recently become visible, will likely persist, and could lead to disappointment against high expectations of an emerging-led recovery. 5. HP Enterprise (HPE) downgraded to Equal Weight from Overweight at Morgan Stanley, while NetApp (NTAP) was downgraded to Underweight from Equal Weight. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
NVDA Nvidia
$183.92

9.54 (5.47%)

03/20/19
TIGR
03/20/19
NO CHANGE
TIGR
Buy
Nvidia to overcome headwinds on turnaround in gaming GPU, says Tigress Financial
Tigress Financial analyst Ivan Feinseth kept his Buy rating on Nvidia, saying the company is expected to overcome its near-term headwinds thanks to the "new data center opportunities along with an expected turnaround in gaming GPUs in the second half of this year". The analyst believes that the recent weakness from macro factors and the drop in demand from crypto mining will turn later this year because of the "growing speed needs in e-sports and ongoing cloud migration", while the demand for notebook GPUs and new Turing GPUs will pick up.
03/20/19
WELS
03/20/19
NO CHANGE
Target $200
WELS
Outperform
Nvidia price target raised to $200 from $190 at Wells Fargo
Wells Fargo analyst Aaron Rakers raised his price target for Nvidia to $200 from $190 after the company hosted its Investor Day in conjunction with the Nvidia's GPU Technology Conference. The analyst thinks the company provided what should be viewed as a positive review of its domain-focused platform positioning and improved fundamental drivers looking forward. Rakers reiterates an Outperform rating on the shares.
03/20/19
DBAB
03/20/19
NO CHANGE
Target $160
DBAB
Buy
Nvidia price target raised to $160 from $150 at Deutsche Bank
Deutsche Bank analyst Ross Seymore raised his price target for Hold-rated Nvidia to $160 from $150 saying the company was "bullish as ever" at about its market opportunities and growth outlook at its analyst day. Beyond reiterating its existing message regarding channel inventory burn timing, Nvidia provided no update to either its Q1 or full year outlook, Seymore tells investors in a research note. However, the analyst is encouraged that Nvidia's Gaming inventory digestion is on plan and that confidence of growth resuming in Data Center remains high.
03/20/19
UBSW
03/20/19
NO CHANGE
Target $210
UBSW
Buy
Nvidia price target raised to $210 from $180 at UBS
UBS analyst Timothy Arcuri raised his price target on Nvidia to $210 and kept his Buy rating after its Analyst Day, saying the presentation highlighted the "vast swaths of untapped growth opportunities that remain ahead" for the company. The analyst says the gaming channel inventory and data center correction narratives are now in the past. Instead, Arcuri believes that investors should focus on new "pillars of opportunity", namely "broadening the reach of accelerated compute across all verticals of the economy, bringing Graphics into the data center and catalyzing RTX content development; and gaining traction with large Auto vendors."

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Endo

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Abbott

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McKesson

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Wabtec

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RealReal

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McDonald's

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Yum! Brands

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Wendy's

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Restaurant Brands

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DAL

Delta Air Lines

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Diamondback Energy

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Encompass Health

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FB

Facebook

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MSFT

Microsoft

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Procter & Gamble

$122.22

0.37 (0.30%)

KO

Coca-Cola

$53.90

-0.62 (-1.14%)

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PepsiCo

$134.49

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CL

Colgate-Palmolive

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0.01 (0.01%)

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Kimberly-Clark

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BGNE

BeiGene

$135.62

2.61 (1.96%)

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CE

Celanese

$122.73

-1.06 (-0.86%)

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BA

Boeing

$379.33

-5.28 (-1.37%)

19:21
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Indonesia to fault 737 Max design, oversight lapses in Lion Air crash, WSJ says »

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AA

Alcoa

$21.70

-0.26 (-1.18%)

19:15
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Alcoa rating change at Goldman Sachs »

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AA

Alcoa

$21.70

-0.26 (-1.18%)

, SCHN

Schnitzer Steel

$23.55

-0.27 (-1.13%)

19:15
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19:15
Downgrade
Alcoa downgraded to Neutral from Buy at Goldman Sachs »

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AA

Alcoa

$21.70

-0.26 (-1.18%)

SCHN

Schnitzer Steel

$23.55

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CMC

Commercial Metals

$17.94

-0.42 (-2.29%)

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CMC

Commercial Metals

$17.94

-0.42 (-2.29%)

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SCHN

Schnitzer Steel

$23.55

-0.27 (-1.13%)

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FNSR

Finisar

$24.31

1.25 (5.42%)

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BNP Paribas

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Deutsche Bank

$7.99

-0.08 (-0.99%)

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BNP Paribas

$0.00

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DB

Deutsche Bank

$7.99

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VRSK

Verisk Analytics

$158.47

-0.21 (-0.13%)

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T

AT&T

$37.92

0.78 (2.10%)

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Comcast

$46.36

-0.32 (-0.69%)

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Box Office Battle: 'Downton Abbey' wins weekend with $31M »

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AT&T

$37.92

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CMCSA

Comcast

$46.36

-0.32 (-0.69%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$59.19

-0.19 (-0.32%)

LGF.A

Lionsgate

$9.49

-0.47 (-4.72%)

LGF.B

Lionsgate

$8.88

-0.435 (-4.67%)

DIS

Disney

$132.18

-1.14 (-0.86%)

VIAB

Viacom

$24.92

-0.28 (-1.11%)

VIA

Viacom

$26.67

-0.85 (-3.09%)

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VIVHY

Vivendi

$0.00

(0.00%)

, MDSO

Medidata

$91.77

-0.04 (-0.04%)

16:01
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Medidata

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SoftBank

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SoftBank

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Some WeWork board members seeing to remove Neumann as CEO, WSJ says »

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WE

We Company

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Viacom

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Viacom acquires exclusive cable rights to Seinfeld from Sony Pictures Television »

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Viacom

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SNE

Sony

$59.19

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PWR

Quanta Services

$37.61

-0.28 (-0.74%)

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Quanta Services management to meet with Stephens »

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PTEN

Patterson-UTI

$9.66

0.01 (0.10%)

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Patterson-UTI management to meet with Stephens »

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ESE

Esco Technologies

$78.44

-1.54 (-1.93%)

12:19
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Conference/Events
Esco Technologies management to meet with Stephens »

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CSGP

CoStar Group

$595.10

-3.87 (-0.65%)

12:16
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Conference/Events
CoStar Group participates in a conference call with Stephens »

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