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CIEN

Ciena

$43.11

-0.19 (-0.44%)

, NOK

Nokia

$5.07

0.025 (0.50%)

09:33
07/11/19
07/11
09:33
07/11/19
09:33

Ciena investment case is strengthening, says MKM Partners

MKM Partners analyst Michael Genovese kept his Buy rating and $54 price target on Ciena (CIEN), saying the "very good investment case" on the stock is "strengthening" after his discussions with the company's SVP of Global Products. The analyst notes that the company has been gaining 1%-1.5% of market share in China annually for the past 5 years and believes that it can gain another 1%-3% this year since the competitive intensity from Acacia (ACIA) and Nokia (NOK) "did not materialze".

CIEN

Ciena

$43.11

-0.19 (-0.44%)

NOK

Nokia

$5.07

0.025 (0.50%)

ACIA

Acacia Communications

$65.56

0.66 (1.02%)

CIEN Ciena
$43.11

-0.19 (-0.44%)

07/10/19
JEFF
07/10/19
NO CHANGE
JEFF
Jefferies says buy Ciena following Cisco, Acacia Communications deal
Jefferies analyst George Notter says Cisco Systems' (CSCO) acquisition of Acacia Communications (ACIA) reinforces his view that the Optical Systems space will continue to consolidate from a market share perspective with Ciena (CIEN) as a primary beneficiary. Ciena remains the analyst's favorite long idea among the Optical Systems suppliers. He recommends buying the stock.
07/01/19
NEED
07/01/19
UPGRADE
Target $59
NEED
Buy
Acacia Communications upgraded to Buy from Hold at Needham
Needham analyst Alex Henderson upgraded Acacia Communications (ACIA) to Buy from Hold with a $59 price target following a round of industry checks and visits. In a research note to investors, Henderson says he believes the landscape is improving for Acacia, as well as for Ciena (CIEN) and Infinera (INFN). By driving more rapid new DSP introductions, the analyst says Acacia has pressured its competitors to keep pace, which he says they are not. He thinks Acacia will gain share, lock in customers, and enhance their advantage on the next chip development cycle.
07/09/19
RILY
07/09/19
NO CHANGE
RILY
B. Riley FBR says China supply chain internalization issue for optical industry
B. Riley FBR analyst Dave Kang lowered his price target for Lumentum (LITE) to $68 from $74 and for Inphi (IPHI) to $45 from $47. While the ban on Huawei has garnered investor attention recently, the bigger issue for the optical industry could be China's internalization of its supply chain, which has been accelerated due to the recent ban, Kang tells investors in a research note. The analyst believes that even after the partial reprieve on Huawei, the U.S. optical companies may not fully recover to the previous levels with Huawei. Recent channel checks revealed that Huawei has significantly accelerated the internalization process of its supply chain, adds the analyst. As a result, he believes the U.S. optical industry is facing "collateral damage" from the trade war with China. Kang keeps a Buy rating on Lumentum and Neutral rating on Inphi. He favors Huawei's competitors such as Ciena (CIEN) and Dasan Zhone Solutions (DZSI), which he believes could gain market share from international customers diversifying away from Huawei.
07/09/19
GSCO
07/09/19
NO CHANGE
Target $62
GSCO
Buy
Goldman says Cisco deal for Acacia positive for Ciena, negative for Infinera
After Cisco (CSCO) announced this morning that it has agreed to acquire Acacia (ACIA) for $70 per share in cash, Goldman Sachs analyst Rod Hall said he sees the proposed deal as a positive for Ciena (CIEN) as he would expect the company to have an opportunity to gain further share. He sees the proposed deal as "incrementally negative" for Infinera (INFN), which is an Acacia customer that does not expect to have its own 800G solution in market until the second half of 2020. Pointing to Lumentum's (LITE) view of itself as an industry consolidator, Hall added that he expects Lumentum shares "to trade off slightly" on the deal news as potential M&A targets increase in value. Hall maintains a Buy rating and $62 price target on Cisco shares following the deal announcement.
NOK Nokia
$5.07

0.025 (0.50%)

05/20/19
NORD
05/20/19
UPGRADE
NORD
Buy
Nokia upgraded to Buy from Hold at Nordea
04/15/19
GSCO
04/15/19
DOWNGRADE
Target $5.5
GSCO
Sell
Goldman sees risks to Nokia estimates, downgrades shares to Sell
Goldman Sachs analyst Alexander Duval downgraded Nokia (NOK) to Sell from Neutral and cut his price target for the shares to $5.50 from $6.40. Consensus estimates have further downside as analysts factor in lower Networks revenues, a more conservative margin trajectory and "more muted" growth in the Nokia's "highly profitable" Patents business, Duval tells investors in a research note. The analyst reduced his Networks growth rate on "subseasonal" growth in the first half of 2019 as well as management's "cautious" statements. Duval says these contrast with his industry discussions suggesting a wireless market growth inflection, due to 5G. He sees risks to Nokia's market share "given newsflow implying share gains by its main competitor, Ericsson" (ERIC).
05/07/19
BMOC
05/07/19
NO CHANGE
Target $28
BMOC
Outperform
Marvell price target raised to $28 from $22 at BMO Capital
BMO Capital analyst Ambrish Srivastava raised his price target on Marvell (MRVL) to $28 and kept his Outperform rating, citing the "attractive valuation" and the recent underperformance of the shares. The analyst is also positive on the company's attractive free cash flow yield, potential for communications infrastructure industry design activity wins, and his expected 35c EPS accretion from its Samsung (SSNLF) and Nokia (NOK) contract wins.
07/01/19
SANT
07/01/19
UPGRADE
SANT
Buy
Nokia upgraded to Buy from Underweight at Santander
ACIA Acacia Communications
$65.56

0.66 (1.02%)

07/10/19
UBSW
07/10/19
DOWNGRADE
Target $70
UBSW
Neutral
Acacia Communications downgraded to Neutral from Buy at UBS
UBS analyst Tejas Venkatesh downgraded Acacia (ACIA) to Neutral but raised his price target to $70 from $64 after the company agreed to be acquired by Cisco (CSCO) at that target price.
07/10/19
JPMS
07/10/19
NO CHANGE
Target $60
JPMS
Overweight
Cisco acquisition of Acacia strengthens core portfolio, says JPMorgan
Cisco Systems (CSCO) continues to strengthen its core networking portfolio with the announcement of its intention to acquire Acacia Communications (ACIA), JPMorgan analyst Samik Chatterjee tells investors in a research note. While the deal's valuation represents a "strong" premium to the other publicly traded optical assets, it does present a "very strong" strategic rationale in expanding and strengthening Cisco's core optical portfolio, adds the analyst. He reiterates an Overweight rating on Cisco with a $60 price target.
07/10/19
NEED
07/10/19
DOWNGRADE
NEED
Hold
Acacia Communications downgraded to Hold from Buy at Needham
Needham analyst Alex Henderson downgraded Acacia Communications (ACIA) to Hold from Buy following the company's agreement to be acquired by Cisco (CSCO).

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 »

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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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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 »

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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 »

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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…

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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
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03/06/13
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  • 17

    Jul

  • 18

    Jul

  • 25

    Jul

  • 25

    Jul

  • 25

    Jul

  • 30

    Jul

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    Jul

  • 01

    Aug

  • 06

    Aug

  • 08

    Aug

  • 08

    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 »

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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…

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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…

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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…

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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…

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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…

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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…

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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 »

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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
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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…

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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…

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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
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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%)

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  • 15

    Jul

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    Jul

  • 15

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  • 16

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  • 17

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  • 22

    Jul

  • 23

    Jul

  • 24

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  • 26

    Jul

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    Jul

  • 07

    Aug

  • 13

    Aug

  • 27

    Aug

  • 09

    Sep

  • 09

    Sep

  • 09

    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
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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
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03/06/13
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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…

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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…

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