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VSAT

ViaSat

$82.53

-0.3 (-0.36%)

, ACIA

Acacia Communications

$64.87

0.23 (0.36%)

15:31
07/17/19
07/17
15:31
07/17/19
15:31

Viasat wins IP suit against Acacia

Viasat (VSAT) announced a jury in the Superior Court for San Diego County found that Acacia Communications (ACIA) violated intellectual property law by misusing Viasat's proprietary technology. Viasat was awarded $49.3M in damages stemming from Acacia's breach of contract and unauthorized use of Viasat's soft decision forward error correction technology, which Acacia used in the development of its Sky, Denali and Meru products. Viasat licensed its SDFEC technology to Acacia a decade ago in an agreement that required Acacia to pay royalties for its use of any of Viasat's encoding and decoding methods. Acacia paid royalties on the first generation of its products using Viasat's SDFEC technology, but stopped paying for subsequent generations. During the trial, Viasat presented evidence that Acacia copied its SDFEC technology to create derivative, backwards-compatible products. Viasat expects to seek additional royalty damages under the breach of contract, as well as attorney's fees, including cost of proof sanctions. Such requests will be decided by the Court in subsequent proceedings. Acacia has the option to appeal the decision.

VSAT

ViaSat

$82.53

-0.3 (-0.36%)

ACIA

Acacia Communications

$64.87

0.23 (0.36%)

VSAT ViaSat
$82.53

-0.3 (-0.36%)

05/24/19
NEED
05/24/19
NO CHANGE
Target $100
NEED
Buy
ViaSat price target raised to $100 from $78 at Needham
Needham analyst Richard Valera raised his price target on Viasat to $100 and kept his Buy rating after its "strong" Q4 results. The analyst says the company topped expectations across the board with a "record year on most metrics", generating "steady" average revenue per user and service revenue growth with the churn of low-end wholesale subs. Valera expects Viasat's service revenue and EBITDA growth to continue thanks to the ramp of its "other satellite services" that include in-flight connectivity, community Wi-Fi, and enterprise."
05/30/19
RAJA
05/30/19
DOWNGRADE
RAJA
Market Perform
ViaSat downgraded to Market Perform from Outperform at Raymond James
05/30/19
05/30/19
DOWNGRADE

Market Perform
ViaSat downgraded to Market Perform on valuation at Raymond James
As previously reported, Raymond James downgraded ViaSat to Market Perform from Outperform. Analyst Rick Prentiss notes shares are up 55% year-to-date, reflecting good news, and expects an increase in R&D and capex from VS-3 satellite builds and deployments, expanding LatAm operations, and acquiring STCs.
05/30/19
05/30/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Verizon (VZ) downgraded to Neutral from Buy at UBS with analyst John Hodulik saying with the valuation back in-line with historical levels and more difficult comps ahead, Verizon's risk/reward is more balanced at current share levels. 2. Canada Goose (GOOS) downgraded to Neutral from Buy at BofA/Merrill with analyst Robert Ohmes saying the Direct-to-Consumer, or DTC, slowdown indicates saturation risk and warrants a lower multiple. 3. ViaSat (VSAT) downgraded to Market Perform from Outperform at Raymond James with analyst Rick Prentiss saying shares are up 55% year-to-date, reflecting good news, and expects an increase in R&D and capex from VS-3 satellite builds and deployments, expanding LatAm operations, and acquiring STCs. 4. Teva (TEVA) double downgraded to Underperform from Buy at BofA/Merrill with analyst Jason Gerberry saying Teva's financial downside to ongoing opioid litigation is difficult to gauge and the highly fragmented nature of the lawsuits makes a global settlement unlikely. 5. Toll Brothers (TOL) downgraded to Market Perform from Outperform at Raymond James with analyst Buck Horne saying he is "concerned" that shares will be range-bound near-term due to reduced estimates, a lack of upcoming catalysts, and lingering West Coast issues. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
ACIA Acacia Communications
$64.87

0.23 (0.36%)

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
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.
07/11/19
MKMP
07/11/19
NO CHANGE
Target $54
MKMP
Buy
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".
07/16/19
RSBL
07/16/19
DOWNGRADE
RSBL
Neutral
Acacia Communications downgraded to Neutral from Buy at Rosenblatt
Rosenblatt analyst Ryan Koontz downgraded Acacia Communications (ACIA) to Neutral from Buy citing the acquisition agreement by Cisco (CSCO).

TODAY'S FREE FLY STORIES

JMIA

Jumia Technologies

$12.25

-2.44 (-16.61%)

17:14
08/21/19
08/21
17:14
08/21/19
17:14
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Jumia Technologies rating change  »

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SKT

Tanger Factory

$14.30

0.04 (0.28%)

17:06
08/21/19
08/21
17:06
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17:06
Hot Stocks
Tanger Factory director David Henry buys 10K shares of company stock »

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JWN

Nordstrom

$26.51

1.38 (5.49%)

17:05
08/21/19
08/21
17:05
08/21/19
17:05
Hot Stocks
Nordstrom says tariff impact will be relatively immaterial for the year »

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FRGI

Fiesta Restaurant

$10.01

0.0897 (0.90%)

17:02
08/21/19
08/21
17:02
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17:02
Hot Stocks
Fiesta Restaurant names Dirk Montgomery as new CFO »

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SMPL

Simply Good Foods

$27.35

0.55 (2.05%)

17:02
08/21/19
08/21
17:02
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17:02
Hot Stocks
Breaking Hot Stocks news story on Simply Good Foods »

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ZAYO

Zayo Group

$33.81

0.01 (0.03%)

17:02
08/21/19
08/21
17:02
08/21/19
17:02
Earnings
Zayo Group reports Q4 EPS 26c, consensus 14c »

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  • 23

    Sep

USEG

U.S. Energy

$0.45

0.02 (4.65%)

17:01
08/21/19
08/21
17:01
08/21/19
17:01
Hot Stocks
U.S. Energy receives Nasdaq notice regarding non-compliance »

U.S. Energy Corp.…

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SMPL

Simply Good Foods

$27.35

0.55 (2.05%)

17:00
08/21/19
08/21
17:00
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17:00
Hot Stocks
Breaking Hot Stocks news story on Simply Good Foods »

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MICR

Micron Solutions

$2.20

(0.00%)

16:57
08/21/19
08/21
16:57
08/21/19
16:57
Hot Stocks
Micron Solutions announces compliance plan acceptance letter from NYSE American »

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TLGT

Teligent

$0.70

0.0031 (0.45%)

16:53
08/21/19
08/21
16:53
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16:53
Hot Stocks
Eversept Partners reports 5.01% passive stake in Teligent »

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LB

L Brands

$20.35

0.455 (2.29%)

16:47
08/21/19
08/21
16:47
08/21/19
16:47
Earnings
L Brands raises FY19 free cash flow view to ~$750M from ~$700M »

Backs FY19 SSS view of…

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  • 22

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  • 23

    Sep

AFG

American Financial Group

$99.71

0.53 (0.53%)

16:47
08/21/19
08/21
16:47
08/21/19
16:47
Hot Stocks
American Financial Group increases annual dividend 12.5% to $1.80 per share »

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  • 04

    Sep

JNJ

Johnson & Johnson

$131.55

0.98 (0.75%)

16:45
08/21/19
08/21
16:45
08/21/19
16:45
Periodicals
Oklahoma judge to deliver decision Monday on J&J opioid suit, Reuters says »

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  • 04

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  • 09

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  • 16

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  • 01

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  • 15

    Oct

JWN

Nordstrom

$26.51

1.38 (5.49%)

16:45
08/21/19
08/21
16:45
08/21/19
16:45
Hot Stocks
Nordstrom says one-third of customers visit a store before purchasing online »

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  • 21

    Aug

SPRT

Support.com

$1.72

0.055 (3.31%)

16:41
08/21/19
08/21
16:41
08/21/19
16:41
Hot Stocks
Julian Singer discloses 4.9% stake in Support.com, urges strategic alternatives »

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HTHT

Huazhu Group

$31.64

-1.36 (-4.12%)

16:37
08/21/19
08/21
16:37
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16:37
Hot Stocks
Huazhu Group approves $750M share repurchase program »

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  • 21

    Aug

HTHT

Huazhu Group

$31.64

-1.36 (-4.12%)

16:35
08/21/19
08/21
16:35
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16:35
Earnings
Breaking Earnings news story on Huazhu Group »

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  • 21

    Aug

LB

L Brands

$20.35

0.455 (2.29%)

16:35
08/21/19
08/21
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16:35
Hot Stocks
L Brands reports Q2 Stores Only SSS down 4% »

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  • 22

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  • 23

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HTHT

Huazhu Group

$31.64

-1.36 (-4.12%)

16:34
08/21/19
08/21
16:34
08/21/19
16:34
Earnings
Breaking Earnings news story on Huazhu Group »

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  • 21

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LB

L Brands

$20.35

0.455 (2.29%)

16:34
08/21/19
08/21
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16:34
Hot Stocks
L Brands reports Q2 Stores and Direct SSS down 1% »

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  • 22

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  • 23

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BGNE

BeiGene

$145.78

0.93 (0.64%)

16:33
08/21/19
08/21
16:33
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16:33
Hot Stocks
BeiGene announces FDA acceptance of zanubrutinib NDA to treat MCL patients »

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  • 09

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HTHT

Huazhu Group

$31.64

-1.36 (-4.12%)

16:33
08/21/19
08/21
16:33
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16:33
Earnings
Huazhu Group reports Q2 adjusted EPS 24c, consensus 26c »

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  • 21

    Aug

TGT

Target

$103.11

17.54 (20.50%)

, LOW

Lowe's

$108.00

9.96 (10.16%)

16:33
08/21/19
08/21
16:33
08/21/19
16:33
On The Fly
Fly Intel: Wall Street's top stories for Wednesday »

Stocks began the day…

TGT

Target

$103.11

17.54 (20.50%)

LOW

Lowe's

$108.00

9.96 (10.16%)

GS

Goldman Sachs

$200.69

0.77 (0.39%)

AAPL

Apple

$212.69

2.34 (1.11%)

LEDS

SemiLEDs

$2.90

0.68 (30.63%)

PDD

Pinduoduo

$30.14

4.165 (16.04%)

URBN

Urban Outfitters

$22.38

1.45 (6.93%)

JMIA

Jumia Technologies

$12.25

-2.44 (-16.61%)

CREE

Cree

$49.01

-9.18 (-15.78%)

03/08/13
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  • 21

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  • 21

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  • 21

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  • 21

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  • 22

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  • 15

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  • 19

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  • 25

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  • 30

    Oct

  • 19

    Nov

LB

L Brands

$20.35

0.455 (2.29%)

16:32
08/21/19
08/21
16:32
08/21/19
16:32
Earnings
Breaking Earnings news story on L Brands »

L Brands backs FY19 EPS…

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  • 22

    Aug

  • 23

    Sep

WH

Wyndham Hotels & Resorts

$50.66

-0.065 (-0.13%)

16:32
08/21/19
08/21
16:32
08/21/19
16:32
Initiation
Wyndham Hotels & Resorts initiated at Baird »

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  • 11

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  • 12

    Sep

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