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AVGO

Broadcom

$284.85

-10.48 (-3.55%)

, SYMC

Symantec

$25.25

3.14 (14.20%)

07:53
07/05/19
07/05
07:53
07/05/19
07:53

Broadcom reported deal talks likely to raise questions, says Morgan Stanley

After Bloomberg and the Financial Times reported that Broadcom (AVGO) is in advanced talks to buy Symantec (SYMC), Morgan Stanley analyst Craig Hettenbach said he thinks such a potential deal would be less surprising than the company's prior acquisition of CA, but there will likely be many questions about it given the deterioration in Symantec's business. He estimates such a potential deal could be approximately 10% accretive at a typical M&A premium and with a 10% reduction in operating expenses. Given that he thinks questions about Broadcom's strategy could linger, Hettenbach keeps an Equal Weight rating on the shares.

AVGO

Broadcom

$284.85

-10.48 (-3.55%)

SYMC

Symantec

$25.25

3.14 (14.20%)

  • 09

    Jul

AVGO Broadcom
$284.85

-10.48 (-3.55%)

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).
07/03/19
PIPR
07/03/19
NO CHANGE
PIPR
Symantec 'passes the smell test' for Broadcom, says Piper Jaffray
After Bloomberg last night reported that Broadcom (AVGO) is in advanced talks to acquire Symantec (SYMC), Piper Jaffray analyst Harsh Kumar says the deal "passes the smell test." Symantec would make a "perfect fit" for the Broadcom portfolio, Kumar tells investors in a research note. The potential deal reminds the analyst of Broadcom's CA acquisition in mid-2018, which he notes "ultimately turned out be extremely successful under the Broadcom umbrella." There are "striking similarities" between Symantec and CA, Kumar contends. The analyst keeps an Overweight rating on Broadcom with a $330 price target.
07/03/19
WEDB
07/03/19
NO CHANGE
Target $19
WEDB
Neutral
Symantec buyout could value company at $26-$28 per share, says Wedbush
Following a Bloomberg report that Broadcom (AVGO) is in advanced talks to acquire Symantec (SYMC), Wedbush analyst Daniel Ives said he believes $26-$28 per share is the most likely valuation for Symantec in a buyout scenario, adding that he views such a price as one "that many investors would ultimately approve." He also contends "now would be the golden time for the company and its Board to finally consider a sale," given its recent soft results and guidance, sudden departure of its CEO and the other company specific as well as secular headwinds faced by Symantec. However, Ives keeps a Neutral rating and $19 price target on Symantec shares, which are up $3.97, or 18%, to $26.07 in pre-market trading.
07/03/19
OPCO
07/03/19
NO CHANGE
OPCO
Perform
Oppenheimer sees Broadcom growing software focus as positive for Symantec
Oppenheimer analyst Shaul Eyal notes that both Bloomberg and the Financial Times are speculating that Broadcom (AVGO) could be acquiring Symantec (SYMC) for over $15B. The analyst sees Symantec's enterprise business struggling to firmly reestablish itself, Consumer business sustaining solid performance, and stable cash flows as potentially supporting the rationale for a transaction. Further, Eyal believes Broadcom's growing software focus could yield a positive outcome to Symantec's shareholders. The analyst has a Perform rating on Symantec's stock.
SYMC Symantec
$25.25

3.14 (14.20%)

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.

TODAY'S FREE FLY STORIES

17:55
07/15/19
07/15
17:55
07/15/19
17:55
Conference/Events
Stephens business services analyst to hold a group dinner »

Group Dinner Meeting to…

EYEN

Eyenovia

$2.89

0.04 (1.40%)

17:51
07/15/19
07/15
17:51
07/15/19
17:51
Hot Stocks
Eyenovia CEO buys 233.8K shares of common stock »

In a regulatory filing,…

03/08/13
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03/06/13
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ET

Energy Transfer LP

$14.91

0.09 (0.61%)

17:38
07/15/19
07/15
17:38
07/15/19
17:38
Periodicals
Energy Transfer considering sale of 33% Rover pipeline stake, Bloomberg says »

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03/08/13
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INNT

Innovate Biopharmaceuticals

$1.12

0.02 (1.82%)

17:37
07/15/19
07/15
17:37
07/15/19
17:37
Hot Stocks
Innovate Biopharmaceuticals gives corporate update, undertakes CEO search effort »

Innovate…

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LAMR

Lamar Advertising

$80.70

-0.31 (-0.38%)

17:36
07/15/19
07/15
17:36
07/15/19
17:36
Hot Stocks
Lamar Advertising to acquire Ashby Street Outdoor Holdings »

Ashby Street Outdoor…

03/08/13
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03/08/13
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03/06/13
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  • 07

    Aug

LMT

Lockheed Martin

$367.65

-1.81 (-0.49%)

17:24
07/15/19
07/15
17:24
07/15/19
17:24
Hot Stocks
Lockheed Martin awarded $492.11M Army contract for M142 launchers »

Lockheed Martin was…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 23

    Jul

EGHT

8x8, Inc.

$25.62

-0.24 (-0.93%)

, FIVN

Five9

$48.00

-5.53 (-10.33%)

17:15
07/15/19
07/15
17:15
07/15/19
17:15
Conference/Events
Stephens communications analysts to hold an analyst/industry conference call »

Communications Analysts,…

EGHT

8x8, Inc.

$25.62

-0.24 (-0.93%)

FIVN

Five9

$48.00

-5.53 (-10.33%)

LOGM

LogMeln

$76.57

0.41 (0.54%)

RNG

RingCentral

$123.31

0.34 (0.28%)

WORK

Slack Technologies

$34.78

1.04 (3.08%)

TWLO

Twilio

$145.36

3.185 (2.24%)

VG

Vonage

$12.79

-0.2 (-1.54%)

ZM

Zoom Video

$99.76

6.465 (6.93%)

GOOG

Alphabet

$1,150.39

5.84 (0.51%)

MSFT

Microsoft

$138.94

0.08 (0.06%)

AMZN

Amazon.com

$2,021.00

10.38 (0.52%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 17

    Jul

  • 18

    Jul

  • 25

    Jul

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    Jul

  • 25

    Jul

  • 30

    Jul

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    Jul

  • 01

    Aug

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    Aug

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    Aug

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    Aug

  • 27

    Oct

  • 13

    Nov

WTI

W&T Offshore

$4.83

0.13 (2.77%)

17:08
07/15/19
07/15
17:08
07/15/19
17:08
Hot Stocks
W&T Offshore CEO buys 100K shares of common stock »

In a regulatory filing,…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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SRT

StarTek

$7.10

0.04 (0.57%)

17:08
07/15/19
07/15
17:08
07/15/19
17:08
Syndicate
Breaking Syndicate news story on StarTek »

StarTek files $100M mixed…

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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  • 12

    Sep

VTVT

vTv Therapeutics

$1.37

(0.00%)

17:08
07/15/19
07/15
17:08
07/15/19
17:08
Hot Stocks
vTv Therapeutics jumps 20% after saying it will make presentation at AAIC »

vTv Therapeutics…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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JBHT

J.B. Hunt

$92.50

-0.45 (-0.48%)

16:53
07/15/19
07/15
16:53
07/15/19
16:53
Hot Stocks
Breaking Hot Stocks news story on J.B. Hunt »

J.B. Hunt up over 6% at…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 15

    Jul

  • 26

    Aug

  • 13

    Nov

ARW

Arrow Electronics

$68.82

-0.15 (-0.22%)

16:52
07/15/19
07/15
16:52
07/15/19
16:52
Hot Stocks
Breaking Hot Stocks news story on Arrow Electronics »

Arrow Electronics down…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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UBNK

United Financial

$14.02

-0.1 (-0.71%)

16:45
07/15/19
07/15
16:45
07/15/19
16:45
Hot Stocks
Breaking Hot Stocks news story on United Financial »

United Financial trading…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 17

    Jul

TRWH

Twin River Worldwide

$28.90

-0.08 (-0.28%)

16:44
07/15/19
07/15
16:44
07/15/19
16:44
Hot Stocks
Standard General to tender 13M shares from Twin River Worldwide »

Twin River Worldwide…

03/08/13
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03/06/13
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03/06/13
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HQY

HealthEquity

$70.29

-1.38 (-1.93%)

16:44
07/15/19
07/15
16:44
07/15/19
16:44
Hot Stocks
HealthEquity director Robert Selander buys 610K in company shares »

HealthEquity director…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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TSS

TSYS

$133.45

1.26 (0.95%)

, GPN

Global Payments

$165.94

1.69 (1.03%)

16:39
07/15/19
07/15
16:39
07/15/19
16:39
Hot Stocks
Global Payments establishes new credit agreement to support merger with TSYS »

Global Payment (GPN)…

TSS

TSYS

$133.45

1.26 (0.95%)

GPN

Global Payments

$165.94

1.69 (1.03%)

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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  • 30

    Jul

  • 13

    Nov

ECOR

electroCore

$1.61

0.01 (0.63%)

16:34
07/15/19
07/15
16:34
07/15/19
16:34
Syndicate
electroCore files registration statement on Form S-3 »

electroCore announced…

03/08/13
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03/08/13
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03/06/13
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CFMS

Conformis

$3.40

-0.265 (-7.23%)

16:31
07/15/19
07/15
16:31
07/15/19
16:31
Hot Stocks
Conformis announces alliance with Regent Surgical Health »

Conformis announced a new…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 31

    Jul

VIAB

Viacom

$31.72

0.02 (0.06%)

, VIA

Viacom

$36.15

-0.15 (-0.41%)

16:30
07/15/19
07/15
16:30
07/15/19
16:30
Periodicals
CBS and Viacom set August deadline for merger talks, CNBC reports »

According to CNBC's…

VIAB

Viacom

$31.72

0.02 (0.06%)

VIA

Viacom

$36.15

-0.15 (-0.41%)

CBS

CBS

$53.37

0.18 (0.34%)

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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  • 08

    Aug

  • 08

    Aug

  • 08

    Aug

16:30
07/15/19
07/15
16:30
07/15/19
16:30
Options
Preliminary option volume of 15.2M today »

Preliminary option volume…

C

Citi

$71.73

-0.02 (-0.03%)

, FB

Facebook

$203.93

-0.975 (-0.48%)

16:28
07/15/19
07/15
16:28
07/15/19
16:28
On The Fly
On The Fly: Top stock stories for Monday »

Stocks had a quiet start…

C

Citi

$71.73

-0.02 (-0.03%)

FB

Facebook

$203.93

-0.975 (-0.48%)

GILD

Gilead

$68.08

1.83 (2.76%)

GLPG

Galapagos

$170.75

25.08 (17.22%)

CR

Crane

$83.80

0.62 (0.75%)

CIR

Circor

$36.94

-5.375 (-12.70%)

CPE

Callon Petroleum

$5.38

-1.02 (-15.94%)

CRZO

Carrizo Oil & Gas

$10.71

0.2 (1.90%)

AVRO

Avrobio

$16.42

2.115 (14.79%)

BHVN

Biohaven Pharmaceutical

$45.76

3.33 (7.85%)

SYMC

Symantec

$22.84

-2.72 (-10.64%)

AVGO

Broadcom

$288.36

2.97 (1.04%)

OSTK

Overstock.com

$17.23

-1.76 (-9.27%)

03/08/13
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03/06/13
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03/06/13
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  • 15

    Jul

  • 15

    Jul

  • 15

    Jul

  • 15

    Jul

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    Jul

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    Jul

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    Jul

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    Jul

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  • 07

    Aug

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    Aug

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    Aug

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    Sep

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    Sep

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    Sep

CGIX

Cancer Genetics

$0.17

-0.0059 (-3.35%)

, IDXG

Interpace Diagnostics

$0.70

-0.0071 (-1.01%)

16:27
07/15/19
07/15
16:27
07/15/19
16:27
Hot Stocks
Cancer Genetics sells its Biopharma business »

Cancer Genetics (CGIX)…

CGIX

Cancer Genetics

$0.17

-0.0059 (-3.35%)

IDXG

Interpace Diagnostics

$0.70

-0.0071 (-1.01%)

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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NUVSF

Nuvista Energy

$0.00

(0.00%)

16:26
07/15/19
07/15
16:26
07/15/19
16:26
Initiation
Nuvista Energy initiated at Credit Suisse »

Nuvista Energy initiated…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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SVRGF

Seven Generations Energy

$0.00

(0.00%)

16:25
07/15/19
07/15
16:25
07/15/19
16:25
Initiation
Seven Generations Energy initiated at Credit Suisse »

Seven Generations Energy…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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PRMRF

Paramount Resources

$0.00

(0.00%)

16:24
07/15/19
07/15
16:24
07/15/19
16:24
Initiation
Paramount Resources initiated at Credit Suisse »

Paramount Resources…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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