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SYMC

Symbol changed to NLOK

$22.11

0.06 (0.27%)

, AVGO

Broadcom

$295.33

-5.03 (-1.67%)

20:39
07/02/19
07/02
20:39
07/02/19
20:39

Symantec jumps after Bloomberg says Broadcom in late stage buyout talks

Broadcom (AVGO) is in advanced talks to acquire Symantec (SYMC) and a deal could be reached within weeks, Liana Baker, Ed Hammond and Kiel Porter of Bloomberg reports, citing people familiar with the matter. Shares of Symantec jumped 22% to $27.00 in after-hours trading following the report. The deal has not been finalized and the talks could still fall through, sources told Bloomberg. Reference Link

SYMC

Symbol changed to NLOK

$22.11

0.06 (0.27%)

AVGO

Broadcom

$295.33

-5.03 (-1.67%)

  • 09

    Jul

SYMC Symbol changed to NLOK
$22.11

0.06 (0.27%)

06/11/19
06/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Wells Fargo (WFC) downgraded to Underweight from Neutral at Atlantic Equities with analyst John Heagerty. 2. Symantec (SYMC) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Keith Weiss saying his recent survey of Chief Security Officers points to Symantec losing share in endpoint security and web security, which poses risk to its revenue growth guidance. 3. Shell Midstream (SHLX) downgraded to Underperform from Neutral at Credit Suisse with analyst Spiro Dounis noting that lower than anticipated re-contracted Zydeco pipeline rates result in a more challenged financial outlook that likely requires the Sponsor to remain accommodative. 4. Beyond Meat (BYND) downgraded to Neutral from Overweight at JPMorgan analyst Ken Goldman saying the stock at around $168 "requires assumptions we are not yet comfortable with." 5. Denny's (DENN) downgraded to Hold from Buy at Maxim with analyst Stephen Anderson saying that he remains "constructive" on the company's continued "brand rejuvenation" and refranchising program, modeling earning growth accelerating to 31% in 2020 from the projected 9% this year. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage,
06/17/19
MZHO
06/17/19
UPGRADE
Target $23
MZHO
Buy
Symantec upgraded to Buy from Neutral at Mizuho
Mizuho analyst Gregg Moskowitz upgraded Symantec to Buy from Neutral and raised his price target for the shares to $23 from $22. While the company's execution has been weak and its competition "remains fierce," the stock's risk/reward has become "too attractive to ignore," Moskowitz tells investors in a research note. The analyst also believes Symantec's new management team will be much more focused on margin improvement, particularly within Enterprise Security. And while the company did announce an 8% headcount restructuring in August 2018, additional headcount cuts are likely going forward, adds Moskowitz. His sum-of-the-parts analysis suggests "healthy" share upside from here.
06/17/19
06/17/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Keurig Dr Pepper (KDP) upgraded to Outperform from Market Perform at BMO Capital with analyst Amit Sharma upgraded stating he company's "widening valuation discount" relative to non-alcoholic beverage peers has "become too large to ignore." 2. Symantec (SYMC) upgraded to Buy from Neutral at Mizuho with analyst Gregg Moskowitz saying while the company's execution has been weak and its competition "remains fierce," the stock's risk/reward has "too attractive to ignore." 3. Corteva (CTVA) upgraded to Buy from Hold at Deutsche Bank with analyst David Begleiter stating he believes a rally in corn prices bodes well for a stronger 2020. 4. ReWalk Robotics (RWLK) upgraded to Buy from Neutral at H.C. Wainwright with analyst Swayampakula Ramakanth saying ReWalk has delivered on several key milestones, including ReStore receiving both EU and U.S. regulatory approvals, progress regarding ReWalk reimbursement with U.S. private payers, and financial health improvements via additional funding. 5. Mosaic (MOS) upgraded to Buy from Neutral at BofA/Merrill with analyst Steve Byrne saying shares are down due to a combination of earnings risks, uncertainty associated with Brazilian tailings dams, and a weaker pricing outlook for phosphate and potash, but he feels that the longer-term potential upside outweighs near-term risks. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/28/19
OTRG
06/28/19
NO CHANGE
OTRG
Crowdstrike 'stands out' in endpoint security market, says OTR Global
In a note to investors earlier, OTR Global said its checks with security distributors, resellers and system integrators showed that in a continued strong endpoint security market in Q2, CrowdStrike (CRWD) gained ground against incumbent vendors. The firm also noted that Carbon Black's (CBLK) Q2 endpoint sales met or exceeded plan for the majority of 11 partners the firm checked with and that only one of 14 sources said that Symantec's (SYMC) endpoint sales exceeded expectations in the quarter.
AVGO Broadcom
$295.33

-5.03 (-1.67%)

06/14/19
CHLM
06/14/19
NO CHANGE
Target $315
CHLM
Buy
Broadcom price target lowered to $315 from $325 at Craig-Hallum
Craig-Hallum analyst Anthony Stoss reiterated a Buy rating on Broadcom (AVGO) but lowered his price target to $315 after the company reported revenues below the Street and his estimate due to the impact of the Huawei ban as well as Apple (AAPL) weakness. Stoss tells investors in a research note that he still expects Broadcom to benefit from content growth at Apple this year due to the socket win back from Qorvo (QRVO) and new content associated with Wi-Fi 6 and says he continues to like Broadcom's position at Apple longer term and notes its recently signed two-year supply agreement positions the company well for 5G inclusion in iPhones likely coming next year.
06/14/19
RHCO
06/14/19
NO CHANGE
Target $307
RHCO
Buy
Broadcom price target lowered to $307 from $339 at SunTrust
SunTrust analyst William Stein lowered his price on Broadcom to $307 after its "mixed" Q1 results and reduced FY19 guidance "poured cold water" on the expected second-half of 2019 recovery in semiconductors. The analyst cites the management's acknowledgement that trade tensions and Huawei export ban make expectations of a second-half recovery unrealistic, but keeps his Buy rating on Broadcom and contends that the 8% sell-off in the stock price during the afterhours session was "at least partly overdone". Stein cuts his FY19 and FY20 EPS estimates by 33c and $2.68 to $22.24 and $24.98, but notes that Broadcom offers "good" margin stability, traction in CA Technologies performance, and dividend growth trajectory.
06/14/19
06/14/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. United Technologies (UTX) upgraded to Buy from Hold at Vertical Research. 2. Bluegreen Vacations (BXG) upgraded to Buy from Hold at Stifel with analyst Simon Yarmak saying that since BBX Capital (BBX) terminated its merger with Bluegreen on May 22, shares of the latter have traded off over 46%. 3. Broadcom (AVGO) upgraded to Buy from Hold at Summit Insights. 4. BJ's Restaurants (BJRI) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Bittner saying he sees an attractive entry point at current share levels. 5. Harmonic (HLIT) upgraded to Outperform from Market Perform at Raymond James with analyst Simon Leopold citing his belief that it benefits from the evolution of cable TV toward virtual Converged Cable Access Platforms and software. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/01/19
SBSH
07/01/19
NO CHANGE
SBSH
Citi sees semiconductor sector trading higher on lift of Huawei ban
Citi analyst Christopher Danely expects the semiconductor sector to trade higher after President Trump over the weekend lifted the ban on selling to Huawei and stated the U.S. would not go through with the additional $300B in tariffs. The analyst maintains his positive stance on the group and keeps a Buy ratings on Broadcom (AVGO), Microchip (MCHP), ON Semiconductor (ON) and Texas Instruments (TXN).

TODAY'S FREE FLY STORIES

EH

Ehang

$0.00

(0.00%)

10:39
12/12/19
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10:39
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Ehang indicated to open at $12.25, IPO priced at $12.50 »

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$2.46

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PTVCA

Protective Insurance

$15.36

(0.00%)

10:36
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Breaking Hot Stocks news story on Protective Insurance »

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ADSK

Autodesk

$178.55

-1.315 (-0.73%)

10:35
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Autodesk put volume heavy and directionally bearish »

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BILL

Bill.com

$0.00

(0.00%)

10:35
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Syndicate
Breaking Syndicate news story on Bill.com »

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  • 12

    Dec

USO

United States Oil Fund

$12.45

0.16 (1.30%)

10:34
12/12/19
12/12
10:34
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10:34
General news
EIA natural gas storage change for week ending December 6 »

Gas inventories 73 Bcf…

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PTVCA

Protective Insurance

$15.36

(0.00%)

10:31
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12/12
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Hot Stocks
Breaking Hot Stocks news story on Protective Insurance »

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KRUS

Kura Sushi

$25.45

0.32 (1.27%)

10:31
12/12/19
12/12
10:31
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10:31
Downgrade
Kura Sushi rating change  »

Kura Sushi downgraded to…

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10:30
12/12/19
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General news
Fed funds futures have slipped as risk appetite climbs »

Fed funds futures have…

BILL

Bill.com

$0.00

(0.00%)

10:27
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10:27
Syndicate
Breaking Syndicate news story on Bill.com »

Bill.com indicated to…

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  • 12

    Dec

ZYME

Zymeworks

$42.45

0.3 (0.71%)

, AZN

AstraZeneca

$48.38

0.19 (0.39%)

10:26
12/12/19
12/12
10:26
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10:26
Recommendations
Zymeworks, AstraZeneca analyst commentary  »

Zymeworks may have…

ZYME

Zymeworks

$42.45

0.3 (0.71%)

AZN

AstraZeneca

$48.38

0.19 (0.39%)

03/08/13
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  • 17

    Dec

WCN

Waste Connections

$90.12

-0.03 (-0.03%)

10:25
12/12/19
12/12
10:25
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10:25
Conference/Events
Waste Connections participates in a conference call with UBS »

Environmental Services…

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  • 12

    Dec

10:25
12/12/19
12/12
10:25
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10:25
Conference/Events
JPMorgan telecom services analyst to hold an analyst/industry conference call »

Telecom Services/Cable…

SGH

Smart Global

$31.00

0.53 (1.74%)

10:21
12/12/19
12/12
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Options
Smart Global option volume jumps as rescheduled earnings date spikes December »

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  • 19

    Dec

ALG

Alamo Group

$116.31

-0.1 (-0.09%)

10:19
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12/12
10:19
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Conference/Events
Alamo Group management to meet with Sidoti »

Meeting to be held in…

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  • 17

    Dec

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
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NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
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NYSE market internals summary »

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MG

Mistras

$13.96

0.12 (0.87%)

10:15
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Conference/Events
Mistras management to meet with Sidoti »

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  • 17

    Dec

PPL

PPL Corp.

$33.93

0.17 (0.50%)

10:15
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PPL Corp. put volume heavy and directionally bearish »

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10:15
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FX Action: USD-JPY »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$316.72

2.305 (0.73%)

10:14
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Periodicals
U.S. offers to cancel upcoming round of China tariffs, WSJ reports »

U.S. trade negotiators…

SPX

S&P 500

$0.00

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SPY

SPDR S&P 500 ETF Trust

$316.72

2.305 (0.73%)

03/08/13
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DL

China Distance Education

$8.05

(0.00%)

10:10
12/12/19
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10:10
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Conference/Events
China Distance Education management to meet with Sidoti »

Meetings to be held in…

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  • 16

    Dec

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    Dec

BILL

Bill.com

$0.00

(0.00%)

10:10
12/12/19
12/12
10:10
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10:10
Syndicate
Bill.com indicated to open at $30.00, IPO priced at $22.00 »

Bill.com (BILL) priced…

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  • 12

    Dec

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