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PTC

PTC

$87.30

-1.02 (-1.15%)

, VOD

Vodafone

$16.30

-0.17 (-1.03%)

16:01
06/12/19
06/12
16:01
06/12/19
16:01

PTC forms strategic alliance with Vodafone Business

PTC (PTC) and Vodafone Business (VOD) announced from the LiveWorx digital transformation event a strategic alliance that builds on an existing three-year relationship and will enable customers across multiple industry segments to rapidly develop and deploy revenue-generating IoT and AR applications. Commencing in June 2019, this alliance will combine the strengths of both companies to enable customers to more simply create an end-to-end solution to solve business challenges. These challenges could include improving the customer experience, reducing the cost of operations, or building better products and services. By enabling smart decision-making capabilities, supporting rapid development, and tapping into existing expertise, the companies aim to significantly reduce extended development processes, enabling companies to scale at a much quicker pace. PTC and Vodafone Business will showcase the capabilities of the alliance at PTC's annual digital transformation event, LiveWorx, between June 10-13 in Boston.

PTC

PTC

$87.30

-1.02 (-1.15%)

VOD

Vodafone

$16.30

-0.17 (-1.03%)

PTC PTC
$87.30

-1.02 (-1.15%)

04/25/19
BOFA
04/25/19
DOWNGRADE
BOFA
Underperform
PTC downgraded to Underperform from Neutral at BofA/Merrill
04/25/19
BOFA
04/25/19
DOWNGRADE
BOFA
Underperform
PTC downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill analyst Shankar Subramanian downgraded PTC to Underperform with an $86 price target following lowered bookings guidance for FY19. Subramanian has concerns around execution uncertainty and increasing competitive risks.
04/25/19
STFL
04/25/19
NO CHANGE
Target $105
STFL
Buy
Stifel remains a buyer of PTC despite mixed quarter, guidance cut
Stifel analyst Adam Borg sees PTC shares remaining "in the penalty box" until execution improves but he remains a buyer of the stock as he continues to believe that industry and company-specific drivers and PTC's model transformation "offer plenty of opportunity for low-teens bookings growth and operating margin and FCF expansion." He sees the company's FY19 guidance cut being driven by two related issues, namely that PTC has hired less sales capacity than expected in IoT and AR and that it is seeing lower than expected bookings in the "lower-priority, lower-growth" areas of SLM and ALM. Borg keeps a Buy rating and $105 price target on PTC shares, which are down 10% to $91.32 in pre-market trading.
04/25/19
04/25/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) downgraded to Neutral from Outperform at Wedbush with analyst Daniel Ives saying the demand story is quickly changing and the company has "unfortunately not adjusted to an evolving EV landscape." 2. PTC (PTC) downgraded to Underweight from Neutral at JPMorgan, to Underperform from Neutral at BofA/Merrill, and to Neutral on IoT/AR uncertainties at Wedbush. 3. Xilinx (XLNX) downgraded to Hold from Buy at Needham and to Neutral from Buy at Goldman Sachs. 4. Spirit Airlines (SAVE) downgraded to Neutral from Buy at BofA/Merrill with analyst Andrew Didora saying industry pricing has not improved and sees some cost pressures that limit upside potential. 5. CyberArk (CYBR) downgraded to Neutral from Buy at UBS with analyst Fatima Boolani saying she remains bullish on the company's fundamentals as well as its execution consistency and "expanding mindshare in a market gone mainstream," which have accelerated the company's revenue growth to over 30% and supported the 70% year-to-date run-up in the stock price. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
VOD Vodafone
$16.30

-0.17 (-1.03%)

03/20/19
MACQ
03/20/19
UPGRADE
MACQ
Outperform
Vodafone upgraded to Outperform from Neutral at Macquarie
04/11/19
DBAB
04/11/19
NO CHANGE
DBAB
Buy
Vodafone added to short-term catalyst buy list at Deutsche Bank
05/24/19
HSBC
05/24/19
UPGRADE
HSBC
Buy
Vodafone upgraded to Buy from Hold at HSBC
05/24/19
HSBC
05/24/19
UPGRADE
HSBC
Buy
HSBC upgrades Vodafone to Buy with trends seen as set to improve
As previously reported, HSBC analyst Stephen Howard upgraded Vodafone to Buy from Hold, citing his view that the decision to rebase the dividend to 9.0 eurocents per share and the New Zealand disposal point to welcome proactive management of the balance sheet. Revenue trends are set to improve through FY20 and he believes "the tone of the company's commentary should get progressively brighter," Howard tells investors. While the dividend cut may leave Vodafone trading at a discount to peers, he believes this gap to the sector average will narrow, Howard added. He maintains a 160p price target on Vodafone shares.

TODAY'S FREE FLY STORIES

CGC

Canopy Growth

$43.70

0.92 (2.15%)

20:00
06/20/19
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Earnings
Canopy Growth reports Q4 revenue $94.1M vs. $22.8M last year »

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  • 21

    Jun

WOPEY

Woodside Petroleum

$0.00

(0.00%)

19:47
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06/20
19:47
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19:47
Upgrade
Woodside Petroleum rating change at Deutsche Bank »

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CCLAY

Coca-Cola Amatil

$0.00

(0.00%)

19:40
06/20/19
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19:40
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19:40
Downgrade
Coca-Cola Amatil rating change at Credit Suisse »

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UNH

UnitedHealth

$247.78

-2.47 (-0.99%)

19:29
06/20/19
06/20
19:29
06/20/19
19:29
Periodicals
UnitedHealth to acquire Equian from New Mountain Capital, WSJ says »

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  • 20

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KFY

Korn/Ferry

$48.61

1.04 (2.19%)

, EXEL

Exelixis

$21.14

0.15 (0.71%)

19:05
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19:05
Hot Stocks
Fly Intel: After Hours Movers »

DOWN AFTER EARNINGS:…

KFY

Korn/Ferry

$48.61

1.04 (2.19%)

EXEL

Exelixis

$21.14

0.15 (0.71%)

SEE

Sealed Air

$43.68

-0.13 (-0.30%)

PYPL

PayPal

$118.82

1.66 (1.42%)

03/08/13
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  • 20

    Jun

EXEL

Exelixis

$21.14

0.15 (0.71%)

, RHHBY

Roche

$0.00

(0.00%)

19:01
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Hot Stocks
Exelixis informed by Genentech that IMspire170 did not meet primary endpoint »

In a regulatory 8-k…

EXEL

Exelixis

$21.14

0.15 (0.71%)

RHHBY

Roche

$0.00

(0.00%)

03/08/13
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    Nov

INVH

Invitation Homes

$27.68

-0.07 (-0.25%)

18:55
06/20/19
06/20
18:55
06/20/19
18:55
Syndicate
Invitation Homes 37.5M share Spot Secondary priced at ~$26.67 »

The deal priced for $1B…

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  • 21

    Jun

MDB

MongoDB

$173.76

-0.33 (-0.19%)

18:44
06/20/19
06/20
18:44
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18:44
Hot Stocks
MongoDB CEO: Every company is becoming a software company »

In an interview on…

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  • 10

    Jul

VRML

Vermillion

$0.89

-0.1575 (-15.00%)

18:37
06/20/19
06/20
18:37
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18:37
Hot Stocks
Vermillion adds two contracted agreements for OVA1 cancer risk test »

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CAT

Caterpillar

$133.66

2.97 (2.27%)

18:34
06/20/19
06/20
18:34
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18:34
Hot Stocks
Caterpillar CEO: We take a long-term view »

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UNH

UnitedHealth

$247.78

-2.47 (-0.99%)

18:22
06/20/19
06/20
18:22
06/20/19
18:22
Periodicals
Breaking Periodicals news story on UnitedHealth »

UnitedHealth said to…

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  • 20

    Jun

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    Jul

BKS

Barnes & Noble

$6.71

0.055 (0.83%)

18:20
06/20/19
06/20
18:20
06/20/19
18:20
Downgrade
Barnes & Noble rating change at Gabelli »

Barnes & Noble…

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CSGP

CoStar Group

$555.39

-0.78 (-0.14%)

18:11
06/20/19
06/20
18:11
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18:11
Hot Stocks
CoStar Group acquires Off Campus Partners »

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  • 13

    Nov

BDX

Becton Dickinson

$245.32

7.2 (3.02%)

17:55
06/20/19
06/20
17:55
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17:55
Hot Stocks
Becton Dickinson backs safety of its Lutonix drug-coated balloons in SFA »

BD issued the following…

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  • 20

    Jun

CPF

Central Pacific

$28.49

-0.13 (-0.45%)

17:41
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Hot Stocks
Central Pacific authorizes buyback of up to $30M in common stock »

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  • 06

    Nov

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AEL

American Equity

$27.51

0.3 (1.10%)

17:33
06/20/19
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17:33
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Hot Stocks
American Equity director Debra Richardson sells almost $2.2M in company shares »

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SEE

Sealed Air

$43.68

-0.13 (-0.30%)

17:28
06/20/19
06/20
17:28
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17:28
Earnings
Sealed Air backs FY19 adjusted EPS view $2.65-$2.75, consensus $2.73 »

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SEE

Sealed Air

$43.68

-0.13 (-0.30%)

17:27
06/20/19
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17:27
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17:27
Hot Stocks
Sealed Air names James Sullivan as new CFO, effective June 24 »

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AJRD

Aerojet Rocketdyne

$43.01

1.49 (3.59%)

17:27
06/20/19
06/20
17:27
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17:27
Hot Stocks
Aerojet Rocketdyne subsidiary awarded $140.18M missile defense modification »

Coleman Aerospace, a…

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SEE

Sealed Air

$43.68

-0.13 (-0.30%)

17:25
06/20/19
06/20
17:25
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Hot Stocks
Sealed Air terminates CFO William Stiehl for cause, effective immediately »

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BBU

Brookfield Business Partners

$41.25

1.28 (3.20%)

, BAM

Brookfield

$48.38

0.29 (0.60%)

17:15
06/20/19
06/20
17:15
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17:15
Syndicate
Brookfield Business Partners announces $795M equity offering »

Brookfield Business…

BBU

Brookfield Business Partners

$41.25

1.28 (3.20%)

BAM

Brookfield

$48.38

0.29 (0.60%)

03/08/13
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  • 08

    Aug

AXLA

Axcella

$10.39

0.27 (2.67%)

17:13
06/20/19
06/20
17:13
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17:13
Earnings
Axcella reports Q1 EPS ($2.43), consensus (49c) »

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LKSD

LSC Communications

$5.83

0.07 (1.22%)

17:11
06/20/19
06/20
17:11
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17:11
Hot Stocks
LSC comments on DOJ action regarding proposed transaction with Quad »

LSC Communications…

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QUAD

Quad/Graphics

$9.75

0.09 (0.93%)

, LKSD

LSC Communications

$5.83

0.07 (1.22%)

17:10
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Hot Stocks
Quad/Graphics intends to defend proposed LSC Communications acquisition »

Quad/Graphics (QUAD)…

QUAD

Quad/Graphics

$9.75

0.09 (0.93%)

LKSD

LSC Communications

$5.83

0.07 (1.22%)

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SFM

Sprouts Farmers Market

$19.52

0.14 (0.72%)

17:04
06/20/19
06/20
17:04
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17:04
Hot Stocks
Sprouts Farmers Market interim co-CEO/CFO Brad Lukow resigns »

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  • 13

    Nov

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