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AAPL

Apple

$203.17

1.9 (0.94%)

, ZM

Zoom Video

$92.60

1.39 (1.52%)

06:21
07/11/19
07/11
06:21
07/11/19
06:21

Apple releases Mac update to combat flaw in Zoom, TechCrunch reports

Apple (AAPL) has quietly pushed out a Mac update to combat a flaw in Zoom (ZM) that left users vulnerable to having their webcams hijacked, TechCrunch's Zack Whittaker reports. The update removes a hidden web server on users' devices, originally put there by Zoom. Apple says the update does not require any user interaction and is deployed automatically. Reference Link

AAPL

Apple

$203.17

1.9 (0.94%)

ZM

Zoom Video

$92.60

1.39 (1.52%)

  • 11

    Jul

  • 30

    Jul

AAPL Apple
$203.17

1.9 (0.94%)

07/08/19
07/08/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Sell from Neutral at Rosenblatt with analyst Jun Zhang citing his view that its fundamental will deteriorate over the next 6-12 months. 2. Verizon (VZ) downgraded to Neutral from Buy at Citi with analyst Michael Rollins saying rising long-term industry risks and the stock's current valuation premium are likely to limit returns over the next 12-months. 3. F5 Networks (FFIV) downgraded to Sell from Neutral at Goldman Sachs with analyst Rod Hall saying the company's earnings risks are increasing due to the weaker short-term spending environment and increasing competitive threat. 4. BNY Mellon (BK) and State Street (STT) were double downgraded to Underweight from Overweight at Morgan Stanley. 5. American Airlines (AAL) downgraded to Underperform from Neutral at Credit Suisse with analyst Jose Caiado citing labor and Boeing (BA) 737 Max risk. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/09/19
JPMS
07/09/19
NO CHANGE
Target $239
JPMS
Overweight
JPMorgan turns 'incrementally positive' on iPhone shipments, boosts Apple target
JPMorgan analyst Samik Chatterjee is turning "incrementally positive" on the volume outlook for iPhone shipments in 2020. Global supply chain and smartphone channel checks suggest that Apple is likely to "pull an additional lever" in the form of a refresh of the legacy iPhone SE/iPhone 8 model to address a much more "value" category relative to recent launches, Chatterjee tells investors in a research note. The analyst believes the incrementally positive volume outlook for 2020 is likely to drive upgrades to consensus earnings expectations and positive sentiment for Apple shares. This would mark a "significant change" from downward revisions to near-term earnings over the last few months amid concerns around the impact of the U.S.-China trade war, Chatterjee believes. He increased his 2020 iPhone shipment outlook to 195M units and his fiscal 2020 and 2021 earnings per share estimates to $13.00 and $15.30 from $12.85 and $15.10, respectively. The analyst also boosted his price target for Apple to $239 from $233 and keeps an Overweight rating on the name.
07/09/19
MSCO
07/09/19
NO CHANGE
Target $231
MSCO
Overweight
Data points to Apple services re-acceleration, says Morgan Stanley
Morgan Stanley analyst Katy Huberty noted that third-party data from Sensor Tower indicates that Apple's June quarter App Store net revenue grew 17.5%, which she notes would mark the second straight quarter of accelerating App Store growth. If she uses the Sensor Tower App Store revenue figure of $3.85B and keeps all her other Apple Services forecasts unchanged, it would imply June quarter normalized Services revenue growth of 20.0%, which Huberty notes is 1.5% higher than consensus. She maintains an Overweight rating and $231 price target on Apple shares.
07/10/19
MSCO
07/10/19
NO CHANGE
MSCO
Morgan Stanley ups PayPal price target, but sees Apple Pay narrowing volume gap
Morgan Stanley's analyst team, led by James Faucette, Katy Huberty, Betsy Graseck and Brian Nowak, introduced a new U.S. digital wallet model with forecasts out to 2027 that anticipates Apple Pay (AAPL) will likely narrow the volume gap with PayPal (PYPL) largely because of their expectation that Apple Pay will sustain its offline growth. However, they expect that PayPal's revenue generation will remain "substantially greater" than Apple Pay's due to the much higher take rates associated with online transactions and think that PayPal's volume lead could persist if the company can successfully address technology and user interface issues for offline. Faucette raised his price target on PayPal shares to $129 from $114 citing a combination of increased confidence in EPS growth and what he sees as the unexploited potential for PayPal to grow offline acceptance. In terms of Square's (SQ) Cash App, the team think it can grow volumes, but given the losses the company seems willing to endure they see little incremental value from it. Morgan Stanley has Overweight ratings on PayPal and Apple and an Equal Weight rating on Square.
ZM Zoom Video
$92.60

1.39 (1.52%)

06/18/19
06/18/19
INITIATION
Target $140

Buy
RingCentral initiated with a Buy at Needham
As previously reported, Needham analyst Richard Valera initiated RingCentral (RNG) with a Buy rating and a price target of $140, calling the company a "clear leader" in the Unified Communication as a Service, or UCaaS, market with the highest revenue and growth rate of any of its scale competitors. The analyst sees the company deriving benefits from the continued shift from premises-based communications to the cloud as well as RingCentral's "strong product and superior execution". Valera notes that he is monitoring the UCaaS competitive landscape with an eye on Zoom Video Communications (ZM) as a new competitor, but believes that RingCentral remains well positioned to grow its revenue and increase profitability.
06/30/19
GSCO
06/30/19
DOWNGRADE
GSCO
Sell
Zoom Video downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Heather Bellini downgraded Zoom Video to Sell from Neutral.
07/01/19
GSCO
07/01/19
DOWNGRADE
Target $66
GSCO
Sell
Zoom Video downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Heather Bellini last night downgraded Zoom Video Communications (ZM) to Sell from Neutral while raising her price target for the shares to $66 from $53. The stock closed Friday down $1.48 to $88.79. The analyst says her "blue sky scenario" is already more than factored into investor expectations at current valuation levels. Bellini, however, adds that her view on Zoom Video's ability to continue to execute well and exceed consensus expectations remains unchanged. Nonetheless, the potential for long-term performance is well understood by the market, contends the analyst. Bellini last night also downgraded SolarWinds (SWI) to Sell from Neutral and upgraded Anaplan (PLAN) to Buy from Neutral.
07/01/19
07/01/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. SolarWinds (SWI) downgraded to Sell from Neutral at Goldman Sachs with analyst Heather Bellini saying while the company's valuation, on an absolute basis, does not appear "overly expensive," the shares have "limited possibility" for multiple expansion given its end market exposure and already best in class operating margins. 2. SM Energy (SM) downgraded to Underweight from Equal Weight at Barclays with analyst William Thompson saying while the company's high leverage provides "oil beta with arguably premier Midland acreage," continuous drilling obligations could restrict it from pivoting away from the Eagle Ford condensate. 3. Zoom Video (ZM) downgraded to Sell from Neutral at Goldman Sachs with analyst Heather Bellini saying her "blue sky scenario" is already more than factored into investor expectations at current valuation levels. 4. Carnival (CCL) downgraded to Hold from Buy at Berenberg with analyst Stuart Gordon saying the company appears to be "finely balanced between a deteriorating operating performance and a cheap valuation." 5. Yum! Brands (YUM) downgraded to Underperform from Neutral at Longbow with analyst Alton Stump saying the stock is trading at nearly a 25% premium to its closest quick-service peers despite similar comp growth, unit growth and leverage. 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

UBNK

United Financial

$14.07

0.05 (0.36%)

16:27
07/16/19
07/16
16:27
07/16/19
16:27
Earnings
United Financial reports Q2 EPS (6c), consensus 24c »

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03/08/13
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03/06/13
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  • 17

    Jul

ERYP

Erytech Pharma

$6.69

(0.00%)

16:24
07/16/19
07/16
16:24
07/16/19
16:24
Syndicate
Erytech Pharma files to sell $100M of ADSs »

Representing ordinary…

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CSX

CSX

$79.57

1.05 (1.34%)

16:23
07/16/19
07/16
16:23
07/16/19
16:23
Earnings
CSX sees FY19 revenue down 1%-2% vs. prior view of growth »

CSX sees FY19 revenue…

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  • 16

    Jul

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    Aug

  • 13

    Nov

INAP

Internap

$3.56

0.13 (3.79%)

16:22
07/16/19
07/16
16:22
07/16/19
16:22
Hot Stocks
Internap to streamline organization, initiates search for new CFO »

Internap announced that…

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FNF

Fidelity National

$41.57

0.02 (0.05%)

16:21
07/16/19
07/16
16:21
07/16/19
16:21
Earnings
Fidelity National reports Q2 adjusted EPS 92c, consensus 87c »

Reports Q2 revenue $2.1B,…

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  • 17

    Jul

  • 01

    Aug

  • 13

    Nov

RM

Regional Management

$26.62

-0.28 (-1.04%)

16:20
07/16/19
07/16
16:20
07/16/19
16:20
Hot Stocks
Regional Management appoints Robert Beck CFO »

Regional Management…

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  • 13

    Nov

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
07/16/19
07/16
16:20
07/16/19
16:20
Options
Closing CBOE SPX and VIX Index summary for July 16th »

The CBOE Volatility Index…

03/08/13
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WLL

Whiting Petroleum

$15.54

-0.65 (-4.01%)

16:19
07/16/19
07/16
16:19
07/16/19
16:19
Hot Stocks
Whiting Petroleum names Correne S. Loeffler CFO »

Whiting Petroleum…

03/08/13
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  • 13

    Aug

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    Aug

UAL

United Continental

$94.00

2.7 (2.96%)

16:19
07/16/19
07/16
16:19
07/16/19
16:19
Hot Stocks
Breaking Hot Stocks news story on United Continental »

United Continental…

03/08/13
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03/08/13
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  • 17

    Jul

CSX

CSX

$79.57

1.05 (1.34%)

16:19
07/16/19
07/16
16:19
07/16/19
16:19
Hot Stocks
Breaking Hot Stocks news story on CSX »

CSX Q2 CapEx down to…

03/08/13
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  • 16

    Jul

  • 26

    Aug

  • 13

    Nov

BPMX

BioPharmX

$0.44

-0.0183 (-3.97%)

16:19
07/16/19
07/16
16:19
07/16/19
16:19
Hot Stocks
BioPharmX appoints Steven Bosacki COO »

BioPharmX Corporation…

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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CCCL

China Ceramics

$0.87

(0.00%)

16:18
07/16/19
07/16
16:18
07/16/19
16:18
Hot Stocks
China Ceramics receives Nasdaq notification of non-compliance »

China Ceramics announced…

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UAL

United Continental

$94.00

2.7 (2.96%)

16:18
07/16/19
07/16
16:18
07/16/19
16:18
Hot Stocks
United Continental reports Q2 total passenger revenue up 6.1% y/y »

Consolidated…

03/08/13
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  • 17

    Jul

VNDA

Vanda Pharmaceuticals

$13.45

-0.13 (-0.96%)

16:18
07/16/19
07/16
16:18
07/16/19
16:18
Hot Stocks
Vanda Pharmaceuticals announces study results for tradipitant »

Vanda Pharmaceuticals…

03/08/13
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  • 16

    Aug

STIM

Neuronetics

$12.65

-0.2 (-1.56%)

, UNH

UnitedHealth

$264.60

-1.31 (-0.49%)

16:18
07/16/19
07/16
16:18
07/16/19
16:18
Recommendations
Neuronetics, UnitedHealth analyst commentary  »

UnitedHealth coverage…

STIM

Neuronetics

$12.65

-0.2 (-1.56%)

UNH

UnitedHealth

$264.60

-1.31 (-0.49%)

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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  • 18

    Jul

CTAS

Cintas

$239.46

-3.85 (-1.58%)

16:17
07/16/19
07/16
16:17
07/16/19
16:17
Earnings
Cintas sees FY20 EPS $8.30-$8.45, consensus $8.32 »

Sees FY20 revenue…

03/08/13
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  • 16

    Jul

UAL

United Continental

$94.00

2.7 (2.96%)

16:17
07/16/19
07/16
16:17
07/16/19
16:17
Earnings
United Continental raises FY19 adj. EPS view to $10.50-$12.00, consensus $11.33 »

Prior view was…

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  • 17

    Jul

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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

Volume was average for…

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CTAS

Cintas

$239.46

-3.85 (-1.58%)

16:16
07/16/19
07/16
16:16
07/16/19
16:16
Earnings
Cintas reports Q4 EPS ex-items $2.07, consensus $1.93 »

Reports Q4 revenue…

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  • 16

    Jul

CSX

CSX

$79.57

1.05 (1.34%)

16:16
07/16/19
07/16
16:16
07/16/19
16:16
Hot Stocks
CSX says merchandise growth 'offset' intermodal weakness »

Chemicals increased as…

03/08/13
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  • 16

    Jul

  • 26

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  • 13

    Nov

PETX

Aratana Therapeutics

$4.94

-0.11 (-2.18%)

16:16
07/16/19
07/16
16:16
07/16/19
16:16
Hot Stocks
Aratana Therapeutics shareholders vote to adopt merger with Elanco Animal Health »

Aratana Therapeutics…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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

Volume is above average…

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UAL

United Continental

$94.00

2.7 (2.96%)

16:15
07/16/19
07/16
16:15
07/16/19
16:15
Earnings
United Continental reports Q2 adjusted EPS $4.21, consensus $4.08 »

Reports Q2 revenue…

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

KSFTF

Kingsoft

$0.00

(0.00%)

16:15
07/16/19
07/16
16:15
07/16/19
16:15
Downgrade
Kingsoft rating change  »

Kingsoft downgraded to…

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CSX

CSX

$79.68

1.16 (1.48%)

16:13
07/16/19
07/16
16:13
07/16/19
16:13
Hot Stocks
CSX reports Q2 operating ratio fell to 57.4% since Q2 last year »

Last year's Q2…

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  • 16

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  • 13

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