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IBM

IBM

$142.75

-0.925 (-0.64%)

, CTL

CenturyLink

$12.39

0.04 (0.32%)

16:33
04/04/19
04/04
16:33
04/04/19
16:33

CenturyLink expands cloud ecosystem to offer IBM Cloud Object Storage

CenturyLink (CTL) announced the expansion of its cloud connectivity and services portfolio to include IBM (IBM) Cloud Object Storage platform. With the addition of this storage option, CenturyLink can offer media and entertainment companies a more scalable, highly-available, and secure way to improve the management and delivery of their content globally, the company said. "Providing high-performance, geographically-diverse origin storage is critical to achieving great user experiences when attempting to reach global audiences - particularly when it comes to serving fast-growing regions like Latin America and Asia-Pacific," said Bill Wohnoutka, vice president of global internet and content delivery solutions for CenturyLink. "IBM Cloud Object Storage combined with CenturyLink's rapidly expanding global CDN footprint offers our customers a scalable, highly-available and resilient option to improve user experience for content delivery globally."

IBM

IBM

$142.75

-0.925 (-0.64%)

CTL

CenturyLink

$12.39

0.04 (0.32%)

  • 08

    Apr

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    Apr

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    May

IBM IBM
$142.75

-0.925 (-0.64%)

01/31/19
TIGR
01/31/19
NO CHANGE
TIGR
Neutral
IBM's Cognitive Solutions strength offset by weak System, says Tigress Financial
Tigress Financial analyst Ivan Feinseth kept his Hold rating on IBM after another set of mixed results reported for Q4 last week. The analyst notes that the company's strong Cognitive Solutions performance continues to be offset by ongoing weakness in Systems revenue. Feinseth adds that its Business Performance is also trending, but sees IBM "starting to benefit from the growing performance of its Cognitive Solutions and Global Business Services business lines", driven by "growing demand for analytics, IoT, and security services."
02/11/19
PIPR
02/11/19
NO CHANGE
PIPR
Piper storage survey positive for Pure Storage, Nutanix, NetApp
Piper Jaffray conducted its fiscal Q4 Storage Reseller Survey by collecting feedback from 28 resellers and distributors. While only five of 14 vendors had net positive results versus six of the 14 last quarter, the firm saw "strong results" for Pure Storage (PSTG), Rubrik, Nutanix (NTNX), Veeam and NetApp (NTAP), analyst Andrew Nowinski told investors earlier in a research note. Pure Storage also had the strongest pipeline heading into the April quarter, added the analyst. The company's results sharply improved in the survey, with 67% of resellers citing "Above Plan" results, the highest level seen in three years, says Nowinski. The stock in early trading is up 19c to $18.47. Of those surveyed by Piper, 36% of resellers said they saw a negative impact from the U.S. government shutdown, with Dell (DELL), HP/3PAR (HPQ) and IBM (IMB) the most impacted.
03/15/19
BMOC
03/15/19
DOWNGRADE
Target $53
BMOC
Market Perform
Oracle downgraded to Market Perform from Outperform at BMO Capital
BMO Capital analyst Keith Bachman downgraded Oracle (ORCL) to Market Perform from Outperform with an unchanged price target of $53 following last night's fiscal Q3 results. The stock in premarket trading is down 3%, or $1.65, to $51.40. The analyst believes Oracle can sustain ~2% constant currency revenue growth, but is "dubious" the company can improve its revenue growth rates. He does not think autonomous database or gradual unfolding of the cloud enterprise resource planning market will help Oracle's growth in fiscal 2020. As demonstrated by IBM (IBM) over the years, an aggressive buyback will not be enough to push the shares meaningfully higher without improved top-line results, Bachman tells investors in a post-earnings research note. As such, he sees a balanced risk/reward profile at current share levels.
03/26/19
BERN
03/26/19
NO CHANGE
BERN
Red Hat worth $190/share 'even as stand alone entity,' says Bernstein
Bernstein analyst Zane Chrane notes that Red Hat's (RHT) Q4 results are unlikely to have a material impact on the stock price given the expected acquisition by IBM (IBM) in the second half of 2019. However, strong growth in emerging products, continued reacceleration in RHEL revenue, and robust growth in deferred revenue and backlog all suggest the company is having increasing success in cross-selling its hybrid cloud solutions to large enterprise customers, he contends, adding that this quarter's results were "strong across the board," suggesting that the pending IBM deal is not having any negative impact on the company's execution. Chrane believes Red Hat is worth $190 per share "even as a stand-alone entity."
CTL CenturyLink
$12.39

0.04 (0.32%)

02/20/19
RBCM
02/20/19
DOWNGRADE
RBCM
Sector Perform
CenturyLink downgraded to Sector Perform from Outperform at RBC Capital
02/20/19
02/20/19
DOWNGRADE
Target $15

Sector Perform
CenturyLink downgraded to Sector Perform at RBC Capital after mixed Q4
As previously reported, RBC Capital analyst Jonathan Atkin downgraded CenturyLink to Sector Perform and lowered his price target to $15 from $24. The analyst cites the company's "mixed" Q4 results, a lack of near-term catalysts, and his view of the stock trading at a fair valuation. Atkin adds that CenturyLink's decision to cut its dividend and prioritize deleveraging has lessened its investment appeal.
02/26/19
BOFA
02/26/19
DOWNGRADE
BOFA
Neutral
CenturyLink downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst David Barden downgraded CenturyLink to Neutral and maintained a $14 price target ahead of Q1 results following recent management meetings. Barden learned that the dividend cut was based on leverage, maturities, and the state of the bond market, not any fundamental change in the business, revenue fixes are being taken but the top line will not inflect this year, and no structural changes are underway at this time. The analyst came away more confident about underlying trends, but believes investors are more focused on near-term revenue and believes Q1 consensus estimates are too high, setting up for poor stock performance.
02/26/19
02/26/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Caterpillar (CAT) downgraded to Sell from Buy at UBS by analyst Steven Fisher, who believes believes ~55% of Caterpillar's end markets will peak in 2019, pressuring revenue and margins in 2020 as demand declines. Continued growth in mining and share buybacks will not be enough to offset headwinds in construction and oil and gas, he said. 2. Foot Locker (FL) downgraded to Hold from Buy at Pivotal Research by analyst Mitchel Kummetz, who sees a less favorable risk/reward into the company's Q4 results on March 1. The analyst expects "solid" Q4 results but believes the company's Q1 is likely off to a slow start. An easy two-year comparison may not be enough for Foot Locker to generate solid Q1 same-store-sales, as the quarter is likely off to a slow start on delayed/reduced tax refunds, he said. 3. Windstream (WIN) downgraded to Underperform from Market Perform at Wells Fargo by analyst Jennifer Fritzsche to reflect the company's filing for Chapter 11 restructuring and uncertainty surrounding the short to medium term operations and financing challenges. 4. Palo Alto Networks (PANW) downgraded to Market Perform from Outperform at Northland by analyst Robert Breza, who stated that he expects upside to Q2 revenue and EPS given the company's track record of earnings beats, but he also expects EPS to be guided down as the company invests for growth while absorbing the Demisto acquisition. 5. CenturyLink (CTL) downgraded to Neutral from Buy at BofA/Merrill by analyst David Barden, who said he learned that the dividend cut was based on leverage, maturities, and the state of the bond market, not any fundamental change in the business, revenue fixes are being taken but the top line will not inflect this year, and no structural changes are underway at this time. The analyst came away more confident about underlying trends, but believes investors are more focused on near-term revenue and believes Q1 consensus estimates are too high, setting up for poor stock performance. 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

BHB

Bar Harbor Bankshares

$25.71

-0.42 (-1.61%)

16:58
04/18/19
04/18
16:58
04/18/19
16:58
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Bar Harbor Bankshares raises quarterly dividend 10% to 22c per share »

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ATVI

Activision Blizzard

$45.29

0.31 (0.69%)

, EA

Electronic Arts

$93.13

1.19 (1.29%)

16:55
04/18/19
04/18
16:55
04/18/19
16:55
Conference/Events
Wedbush digital media analyst to hold an analyst/industry conference call »

Digital Media Analyst…

ATVI

Activision Blizzard

$45.29

0.31 (0.69%)

EA

Electronic Arts

$93.13

1.19 (1.29%)

GME

GameStop

$8.78

-0.15 (-1.68%)

NTDOY

Nintendo

$0.00

(0.00%)

TTWO

Take-Two

$90.73

0.97 (1.08%)

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SCOR

comScore

$12.91

-0.38 (-2.86%)

16:46
04/18/19
04/18
16:46
04/18/19
16:46
Hot Stocks
comScore names Kathy Bachmann as COO, effective April 17 »

On April 12, the Board of…

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SRE

Sempra Energy

$127.42

0.1 (0.08%)

16:46
04/18/19
04/18
16:46
04/18/19
16:46
Hot Stocks
Sempra Energy receives FERC authorization for Texas project »

Sempra Energy announced…

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SPR

Spirit AeroSystems

$85.57

-0.12 (-0.14%)

, BA

Boeing

$380.02

2.48 (0.66%)

16:45
04/18/19
04/18
16:45
04/18/19
16:45
Hot Stocks
Boeing, Spirit Aero reach pact to cover production costs for B737 program »

According to a regulatory…

SPR

Spirit AeroSystems

$85.57

-0.12 (-0.14%)

BA

Boeing

$380.02

2.48 (0.66%)

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16:45
04/18/19
04/18
16:45
04/18/19
16:45
General news
Treasury Market Summary: »

Treasury Market Summary:…

16:40
04/18/19
04/18
16:40
04/18/19
16:40
General news
Fed Balance Sheet Level data reported »

Week of 4/17 Fed Balance…

16:40
04/18/19
04/18
16:40
04/18/19
16:40
General news
Money Supply M2 Weekly Change data reported »

Week of 4/8 Money Supply…

BLK

BlackRock

$465.67

-1.99 (-0.43%)

16:38
04/18/19
04/18
16:38
04/18/19
16:38
Hot Stocks
BlackRock CFO sells 2,750 common shares »

In a regulatory filing,…

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TRV

Travelers

$138.82

2.93 (2.16%)

, HON

Honeywell

$169.01

6.09 (3.74%)

16:38
04/18/19
04/18
16:38
04/18/19
16:38
On The Fly
Fly Intel: Wall Street's top stories for Thursday »

The S&P 500 notched a…

TRV

Travelers

$138.82

2.93 (2.16%)

HON

Honeywell

$169.01

6.09 (3.74%)

AXP

American Express

$113.67

1.89 (1.69%)

PM

Philip Morris

$84.53

-0.96 (-1.12%)

ZM

Zoom Video

$62.00

(0.00%)

PINS

Pinterest

$24.46

(0.00%)

CGC

Canopy Growth

$44.43

1.6 (3.74%)

ACRGF

Acreage Holdings

$0.00

(0.00%)

FB

Facebook

$178.28

-0.49 (-0.27%)

BX

Blackstone

$38.65

2.74 (7.63%)

ADTN

Adtran

$16.60

2.055 (14.13%)

URI

United Rentals

$136.05

10.25 (8.15%)

CHKP

Check Point

$120.01

-9.56 (-7.38%)

SNBR

Sleep Number

$39.23

-8.76 (-18.25%)

SKX

Skechers

$31.60

-3.68 (-10.43%)

03/08/13
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GBCI

Glacier Bancorp

$41.70

-0.7 (-1.65%)

16:36
04/18/19
04/18
16:36
04/18/19
16:36
Earnings
Glacier Bancorp reports Q1 EPS 58c, consensus 58c »

Reports Q1 book value per…

03/08/13
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  • 19

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BLMN

Bloomin' Brands

$19.24

0.42 (2.23%)

16:34
04/18/19
04/18
16:34
04/18/19
16:34
Recommendations
Bloomin' Brands analyst commentary at Tigress Financial »

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APHA

Aphria

$7.65

-0.165 (-2.11%)

16:32
04/18/19
04/18
16:32
04/18/19
16:32
Hot Stocks
Aphria subsidiary secures cannabis cultivation license in Germany »

Aphria Inc. announced…

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CNP

CenterPoint Energy

$30.29

0.28 (0.93%)

, SO

Southern Company

$51.95

-0.22 (-0.42%)

16:32
04/18/19
04/18
16:32
04/18/19
16:32
Hot Stocks
CenterPoint Energy names Xia Liu as CFO, effective April 22 »

CenterPoint Energy (CNP)…

CNP

CenterPoint Energy

$30.29

0.28 (0.93%)

SO

Southern Company

$51.95

-0.22 (-0.42%)

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BANF

BancFirst

$55.58

-0.34 (-0.61%)

16:30
04/18/19
04/18
16:30
04/18/19
16:30
Earnings
BancFirst reports Q1 EPS 96c, consensus 92c »

At March 31, 2019, the…

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16:30
04/18/19
04/18
16:30
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16:30
Options
Preliminary option volume of 20.4M today »

Preliminary option volume…

ZSAN

Zosano Pharma

$3.41

-0.11 (-3.13%)

16:28
04/18/19
04/18
16:28
04/18/19
16:28
Hot Stocks
Zosano Pharma CEO buys 100K shares of common stock »

In a regulatory filing,…

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SJI

South Jersey Industries

$31.46

-0.16 (-0.51%)

16:26
04/18/19
04/18
16:26
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16:26
Hot Stocks
Elizabethtown Gas files rate case with NJBPU »

Elizabethtown Gas, a…

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BCBP

BCB Bancorp

$13.09

0.08 (0.61%)

16:21
04/18/19
04/18
16:21
04/18/19
16:21
Earnings
BCB Bancorp reports Q1 EPS 32c, consensus 30c »

Total cash and cash…

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
04/18/19
04/18
16:20
04/18/19
16:20
Options
Closing CBOE SPX and VIX Index summary for April 18th »

The CBOE Volatility Index…

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OKE

Oneok

$69.13

-0.59 (-0.85%)

16:17
04/18/19
04/18
16:17
04/18/19
16:17
Hot Stocks
Oneok increases quarterly dividend 9% to 86.5c per share »

Oneok increased its…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
04/18/19
04/18
16:17
04/18/19
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
04/18/19
04/18
16:16
04/18/19
16:16
Technical Analysis
NYSE market internals summary »

Volume was average for…

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HEP

Holly Energy Partners

$28.23

0.51 (1.84%)

16:16
04/18/19
04/18
16:16
04/18/19
16:16
Hot Stocks
Holly Energy Partners raises dividend to 67c per unit from 66.75c »

The distribution will be…

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  • 01

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HES

Hess Corp.

$65.87

-0.05 (-0.08%)

16:15
04/18/19
04/18
16:15
04/18/19
16:15
Hot Stocks
Hess Corp. announces 13th discovery offshore Guyana »

Hess Corporation…

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