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ERIC

Ericsson

$9.80

0.14 (1.45%)

06:38
04/17/19
04/17
06:38
04/17/19
06:38

Ericsson says recently started settlement discussions with SEC, DOJ

As previously disclosed, Ericsson is voluntarily cooperating with investigations by the United States Securities and Exchange Commission and the United States Department of Justice into Ericsson's compliance with the U.S. Foreign Corrupt Practices Act. "The company continues to cooperate with the SEC and the DOJ, and has recently begun settlement discussions. These discussions are in a very early stage and therefore the company is not able to estimate their length. Further, as this is an ongoing legal matter Ericsson cannot provide any detail. However, based on the current status of the discussions, it is the company's assessment that the resolution of these matters will result in material financial and other measures, the magnitude and impact of which cannot be reliably estimated or ascertained at this time. Potential future cash outflows are currently not capable of being reliably estimated. Accordingly, no provisions have been recorded for such potential exposure."

  • 17

    Apr

ERIC Ericsson
$9.80

0.14 (1.45%)

04/15/19
GSCO
04/15/19
DOWNGRADE
Target $5.5
GSCO
Sell
Goldman sees risks to Nokia estimates, downgrades shares to Sell
Goldman Sachs analyst Alexander Duval downgraded Nokia (NOK) to Sell from Neutral and cut his price target for the shares to $5.50 from $6.40. Consensus estimates have further downside as analysts factor in lower Networks revenues, a more conservative margin trajectory and "more muted" growth in the Nokia's "highly profitable" Patents business, Duval tells investors in a research note. The analyst reduced his Networks growth rate on "subseasonal" growth in the first half of 2019 as well as management's "cautious" statements. Duval says these contrast with his industry discussions suggesting a wireless market growth inflection, due to 5G. He sees risks to Nokia's market share "given newsflow implying share gains by its main competitor, Ericsson" (ERIC).
03/26/19
MKMP
03/26/19
NO CHANGE
Target $8
MKMP
Buy
Nokia a top pick for 'steadily moving forward' 5G market, says MKM Partners
MKM Partners analyst Michael Genovese kept his Buy rating and $8 price target on Nokia (NOK), maintaining his view of the company as the "top pick for 5G", which he sees as "steadily moving forward". The analyst notes that the stock outperformed the Nasdaq by 10% over the past 6 months but underperformed the index by 8% over the past 3 months on investors perceptions that the rollout is proceeding slowly. Genovese adds that the most recent headwinds of wrongdoing in the company's Alcatel-Lucent transactions are unlikely to be material, and maintains that Nokia should be favored over Ericson (ERIC) in 5G because of its "greater exposure to IP Routing, Optical and Wireline".
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.
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.

TODAY'S FREE FLY STORIES

SPR

Spirit AeroSystems

$85.57

-0.12 (-0.14%)

, BA

Boeing

$380.02

2.48 (0.66%)

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16:45
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Boeing, Spirit Aero reach pact to cover production costs for B737 program »

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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
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16:45
General news
Treasury Market Summary: »

Treasury Market Summary:…

16:40
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Fed Balance Sheet Level data reported »

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16:40
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BLK

BlackRock

$465.67

-1.99 (-0.43%)

16:38
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BlackRock CFO sells 2,750 common shares »

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TRV

Travelers

$138.82

2.93 (2.16%)

, HON

Honeywell

$169.01

6.09 (3.74%)

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On The Fly
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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%)

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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…

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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 »

Bloomin' Brands…

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  • 26

    Apr

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    Apr

APHA

Aphria

$7.65

-0.165 (-2.11%)

16:32
04/18/19
04/18
16:32
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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
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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%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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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
04/18/19
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
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16:28
Hot Stocks
Zosano Pharma CEO buys 100K shares of common stock »

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SJI

South Jersey Industries

$31.46

-0.16 (-0.51%)

16:26
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Elizabethtown Gas files rate case with NJBPU »

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  • 21

    May

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BCBP

BCB Bancorp

$13.09

0.08 (0.61%)

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

Total cash and cash…

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  • 25

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    May

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 »

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03/08/13
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OKE

Oneok

$69.13

-0.59 (-0.85%)

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

Oneok increased its…

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  • 01

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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…

03/08/13
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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

    May

HES

Hess Corp.

$65.87

-0.05 (-0.08%)

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

Hess Corporation…

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  • 25

    Apr

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    May

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    May

16:15
04/18/19
04/18
16:15
04/18/19
16:15
General news
Breaking General news story  »

Week of 4/17 Fed Balance…

16:15
04/18/19
04/18
16:15
04/18/19
16:15
General news
Breaking General news story  »

Week of 4/8 Money Supply…

DTRM

Determine

$0.00

(0.00%)

16:13
04/18/19
04/18
16:13
04/18/19
16:13
Hot Stocks
Determine announces winding up, liquidation, and dissolution »

Determine announced that…

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PRTA

Prothena

$10.67

-0.08 (-0.74%)

16:12
04/18/19
04/18
16:12
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16:12
Hot Stocks
Prothena will explore potential business development opportunities for NEOD001 »

Prothena reports results…

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  • 06

    May

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