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COMM

CommScope

$16.00

0.38 (2.43%)

16:52
06/20/19
06/20
16:52
06/20/19
16:52

CommScope's distributed antenna system patents upheld in favorable ruling

CommScope received notification that it won a jury verdict upholding CommScope's patents relating to digital distributed antenna systems. The Northern District of Texas jury found that Dali Wireless willfully infringed each of the five asserted CommScope patents, finding that both Dali's t-Series and Matrix products infringe each of CommScope's five patents. CommScope expects the court will enter an injunction barring Dali from selling the t-Series and Matrix products in the U.S. Further, due to the jury's finding that Dali willfully infringed each of CommScope's five patents, CommScope will request treble damages and an award of its fees associated with bringing the action. The jury also found that CommScope infringed two Dali patents. One of the patents related to a CommScope product that is discontinued and the other patent is currently in Inter Partes Review. The Patent Trial and Appeal Board has already indicated in a preliminary ruling that the claims are likely to be found invalid. None of the infringement was found to be willful and CommScope believes that there are outstanding legal issues that will bar Dali from any recovery of damages in this case. A final decision from the PTAB is expected in August.

  • 21

    Jun

COMM CommScope
$16.00

0.38 (2.43%)

06/14/19
06/14/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Transocean (RIG) downgraded to Neutral from Buy at Citi with analyst Scott Gruber saying his organic cash burn analysis implies the drillers will burn cash until "at least" 2021. 2. CommScope (COMM) downgraded to Outperform from Strong Buy at Raymond James with analyst Simon Leopold saying he is concerned that performance of the acquired ARRIS business will be worse than expected. 3. Spirit AeroSystems (SPR), Astronics (ATRO), and Barnes Group (B) were downgraded to Sell from Hold at SunTrust while Woodward (WWD) and Ducommun (DCO) were downgraded to Hold from Buy. 4. Melinta Therapeutics (MLNT) downgraded to Underweight from Neutral at JPMorgan with analyst Eric Joseph saying while a market cap valuation of $20M-25M "begs the questions of whether shares have yet reached bottom," he believes the answer is "no." 5. Ashland (ASH) downgraded to Neutral from Overweight at JPMorgan with analyst Jeffrey Zekauskas citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/20/19
GSCO
06/20/19
UPGRADE
Target $19
GSCO
Buy
CommScope upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Mark Delaney upgraded CommScope to Buy from Neutral while lowering his price target for the shares to $19 from $20. The analyst sees margin expansion and deleveraging opportunities for the company.
06/20/19
GSCO
06/20/19
UPGRADE
Target $19
GSCO
Buy
Goldman Sachs upgrades CommScope to Buy on margin expansion potential
Goldman Sachs analyst Mark Delaney upgraded CommScope Holding to Buy from Neutral while lowering his price target for the shares to $19 from $20. The company can expand margins from a combination of lower input costs, as DRAM pricing and copper pricing have both fallen, and cost synergies from the Arris transaction, Delaney tells investors in a research note. The analyst views CommScope's price-to-earnings multiple as attractive given his expectations for "solid" free cash flow generation and debt reduction over time. Further, the company has opportunities to benefit from secular trends like 5G and datacenter, adds Delaney.
06/20/19
06/20/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Genomic Health (GHDX) upgraded to Overweight from Neutral at Piper Jaffray analyst William Quirk stating management appears "comfortable" with the pace of the current business ahead of the German reimbursement decision. 2. Bright Horizons (BFAM) upgraded to Buy from Neutral at Goldman Sachs with analyst George Tong sayinh favorable secular trends, a "strong" pipeline of new center openings, enrollment growth and tuition increases create a "robust" revenue growth outlook. 3. CommScope (COMM) upgraded to Buy from Neutral at Goldman Sachs with analyst Mark Delaney stating the company can expand margins from a combination of lower input costs as DRAM pricing and copper pricing have both fallen. 4. First Financial Bancorp (FFBC) upgraded to Overweight from Neutral at Piper Jaffray with analyst Nathan Race saying shares are "overly discounted" at current levels and discussions with management indicate improved visibility on near-term core net interest margin and loan growth trends. 5. AES Corp. (AES) upgraded to Neutral from Underperform at BofA/Merrill with analyst Julien Dumoulin-Smith noting a "constructive" meeting with management and saying he sees upside to renewable development opportunities and expects opportunities in Vietnam and the Atlantic Basin to drive growth. 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

BHVN

Biohaven Pharmaceutical

$44.16

-0.61 (-1.36%)

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CE

Celanese

$107.01

0.9 (0.85%)

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F

Ford

$10.20

-0.06 (-0.58%)

17:48
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Periodicals
Ford plans to lay off 185 employees at Ontario plant, Reuters reports »

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RTN

Raytheon

$178.55

2.45 (1.39%)

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UTX

United Technologies

$132.37

1.08 (0.82%)

17:44
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  • 23

    Jul

LMT

Lockheed Martin

$356.90

0.675 (0.19%)

17:40
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Lockheed Martin awarded $1.47B Missile Defense Agency contract modification »

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  • 23

    Jul

ARES

Ares Management

$28.13

-0.305 (-1.07%)

17:33
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Syndicate
Breaking Syndicate news story on Ares Management »

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  • 31

    Jul

  • 06

    Aug

HAFC

Hanmi Financial

$21.68

-0.105 (-0.48%)

17:33
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Hanmi Financial to delay release of Q2 results »

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  • 23

    Jul

PAYS

Paysign

$17.49

-0.48 (-2.67%)

17:32
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MEOH

Methanex

$43.19

0.83 (1.96%)

17:28
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Methanex reaches final investment decision on methanol plant in Geismar, LA »

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  • 01

    Aug

17:17
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07/19
17:17
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Conference/Events
Credit Suisse biotech analysts to hold an analyst/industry conference call »

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UBS retail/hardlines analyst to hold an analyst/industry conference call »

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SHIP

Seanergy Marine

$0.64

-0.0425 (-6.25%)

17:05
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SONM

Sonim

$13.42

0.24 (1.82%)

16:41
07/19/19
07/19
16:41
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16:41
Conference/Events
Sonim management to meet with Oppenheimer »

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  • 24

    Jul

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    Jul

  • 12

    Sep

KINS

Kingstone Companies

$8.81

0.09 (1.03%)

16:30
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Kingstone names Barry Goldstein CEO »

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  • 07

    Aug

  • 09

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16:30
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Options
Preliminary option volume of 22.6M today »

Preliminary option volume…

BA

Boeing

$377.34

16.17 (4.48%)

, MSFT

Microsoft

$136.62

0.33 (0.24%)

16:24
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07/19
16:24
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16:24
On The Fly
Fly Intel: Wall Street's top stories for Friday »

Stocks were tentatively…

BA

Boeing

$377.34

16.17 (4.48%)

MSFT

Microsoft

$136.62

0.33 (0.24%)

AMZN

Amazon.com

$1,964.78

-13.57 (-0.69%)

AAPL

Apple

$202.62

-3.02 (-1.47%)

WMT

Walmart

$113.91

-0.77 (-0.67%)

DIS

Disney

$139.86

-1.76 (-1.24%)

GCI

Gannett

$9.43

1.53 (19.37%)

CRWD

Crowdstrike

$83.50

10.75 (14.78%)

SKX

Skechers

$39.00

4.25 (12.23%)

PACB

Pacific Biosciences

$5.34

-0.53 (-9.03%)

ILMN

Illumina

$293.10

-5.44 (-1.82%)

CHWY

Chewy

$30.70

-2.09 (-6.37%)

03/08/13
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  • 24

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  • 06

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    Aug

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    Aug

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    Sep

  • 25

    Sep

  • 13

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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16:20
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Options
Closing CBOE SPX and VIX Index summary for July 19th »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
07/19/19
07/19
16:17
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16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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BCBP

BCB Bancorp

$12.71

-0.09 (-0.70%)

16:17
07/19/19
07/19
16:17
07/19/19
16:17
Earnings
BCB Bancorp reports Q2 EPS 30c, consensus 30c »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
07/19/19
07/19
16:16
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16:16
Technical Analysis
NYSE market internals summary »

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CNXM

CNX Midstream Partners

$14.30

-0.205 (-1.41%)

16:16
07/19/19
07/19
16:16
07/19/19
16:16
Hot Stocks
CNX Midstream Partners raises quarterly distribution 3.6% to 38.65c per unit »

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  • 30

    Jul

TELL

Tellurian

$7.25

0.22 (3.13%)

16:16
07/19/19
07/19
16:16
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Syndicate
Breaking Syndicate news story on Tellurian »

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16:15
07/19/19
07/19
16:15
07/19/19
16:15
General news
Breaking General news story  »

Boston Federal Reserve…

ROKU

Roku

$106.83

-2.18 (-2.00%)

16:13
07/19/19
07/19
16:13
07/19/19
16:13
Conference/Events
Roku management to meet with Oppenheimer »

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  • 22

    Jul

  • 07

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