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ANET

Arista Networks

$282.81

7.355 (2.67%)

, MSFT

Microsoft

$136.62

0.33 (0.24%)

08:57
07/22/19
07/22
08:57
07/22/19
08:57

Microsoft 2H optimism reflected in Arista shares, says Morgan Stanley

Morgan Stanley analyst James Faucette said he thinks Arista Networks' (ANET) share price is fairly valuing the optimism for a better than forecast second half from Microsoft (MSFT), which he thinks has "become pervasive." He also expects hyperscale demand to return to normalized levels ahead of the 400G cycle and thinks enterprise data center activity remains healthy for Arista, but he currently values the stock at a slight discount to software peers given some uncertainty of timing around hyperscale demand improvement, said Faucette, who keeps an Equal Weight rating and $275 price target on the stock ahead of Arista's earnings report on August 1.

ANET

Arista Networks

$282.81

7.355 (2.67%)

MSFT

Microsoft

$136.62

0.33 (0.24%)

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ANET Arista Networks
$282.81

7.355 (2.67%)

06/12/19
WBLR
06/12/19
DOWNGRADE
WBLR
Market Perform
William Blair downgrades Cisco Systems, sees growth pressures in 2020
William Blair analyst Jason Ader downgraded Cisco Systems (CSCO) to Market Perform from Outperform. The analyst sees "signs of tightening demand" across IT infrastructure, which he believes could pressure growth in Cisco's fiscal 2020, "especially when compared against unusually strong demand in fiscal 2019." Further, one-time tailwinds to the company's fiscal 2019 revenue growth, including ASC 606 and tariff-driven price hikes, will expire, Ader tells investors in a research note. The analyst also sees long-term threats to Cisco from Arista Networks' (ANET) entry into the campus market. Ader now believes upside to Cisco's consensus estimates, as well as multiple expansion, "will be more challenging from here."
06/13/19
ARGS
06/13/19
NO CHANGE
Target $320
ARGS
Buy
Arista Networks retreat presents opportunity to add to positions, says Argus
Argus analyst Jim Kelleher kept his Buy rating and $320 price target on Arista Networks (ANET), saying that while the company offered a "generally upbeat" presentation at its June 6th investor day, the stock price fell about 4% on a "more cautious growth outlook." The analyst notes however that Arista's announced campus strategy refinement and expanded partnership with Microsoft (MSFT) Azure highlight the widening of its available market. Kelleher adds that the company's stock price was also "slammed" by about 15% after its Q1 earnings in May, but sees the decline as an opportunity to add to positions as Arista works through the "digestive phase" in 2019 and positions itself for strong growth among "cloud titans" resuming in 2020.
07/08/19
SBSH
07/08/19
DOWNGRADE
Target $24
SBSH
Sell
Juniper downgraded to Sell from Neutral at Citi
Citi analyst Jim Suva downgraded Juniper Networks (JNPR) to Sell from Neutral and cut his price target for the shares to $24 from $28. The analyst has picked up recent competitive share gains by Arista Networks (ANET) and Cisco Systems (CSCO). This sets up for more share loss to Juniper and "too lofty" expectations in the second half of 2019, Suva tells investors in a research note.
07/16/19
JPMS
07/16/19
NO CHANGE
JPMS
JPMorgan favors Ciena, Lumentum and Viavi into Q2 reports
JPMorgan analyst Samik Chatterjee previewed the Q2 earnings reports for the Networking Equipment/IT Hardware space. The analyst favors suppliers with greater exposure to service provider customers, as he's increasingly confident of a spending ramp towards 5G preparedness, relative to suppliers with higher than average exposure to either cable customers or cloud customers, where he believes visibility relative to timing of recovery in customer capex remains low. Chatterjee's top picks going into Q2 earnings are Ciena (CIEN), Lumentum (LITE), and Viavi (VIAV). He's cautious on Arista Networks (ANET) and F5 Networks (FFIV) due to "company-specific challenges" relative to the competitive landscape with the entry of VMware (VMW) into the application delivery controllers market.
MSFT Microsoft
$136.62

0.33 (0.24%)

07/19/19
FBCO
07/19/19
NO CHANGE
Target $155
FBCO
Outperform
Microsoft price target raised to $155 from $145 at Credit Suisse
Credit Suisse analyst Brad Zelnick raised his price target for Microsoft to $155 from $145 and maintained an Outperform rating following the company's "strong" Q4 results, which came in ahead of expectations, driven by broad-based strength with Azure. In a research note to investors, Zelnick says it is still "early days" of public cloud adoption, and expects Microsoft will continue to to benefit from its hybrid strength and longstanding enterprise relationships.
07/19/19
OPCO
07/19/19
NO CHANGE
Target $160
OPCO
Outperform
Microsoft price target raised to $160 from $145 at Oppenheimer
Oppenheimer analyst Timothy Horan raised his price target for Microsoft to $160 from $145 and maintained an Outperform rating following the company's "impressive" Q4 beat. In a research note to investors, Horan says Microsoft's cloud-based business keeps building momentum, and its legacy and consumer businesses are healthy. With its large installed base of enterprise customers, hybrid cloud services and lack of channel conflicts, Horan views Microsoft as the best- positioned provider of cloud for enterprise adoption, which is accelerating and is a very large opportunity.
07/19/19
WELS
07/19/19
NO CHANGE
Target $160
WELS
Outperform
Microsoft still has 'more ahead' following 'great year,' says Wells Fargo
Wells Fargo analyst Phil Winslow noted that Microsoft reported EPS and revenue in all segments that was near the high end of guidance and above consensus estimates, citing both strong execution and robust demand. Following the report and guidance on the call from CFO Amy Hood, Winslow raised his FY2020 estimates for revenue and EPS to $140.98B and $5.26 from $139.5B and $5.25, respectively. After what he called "a great year," he thinks "there's more ahead" for Microsoft given that recurring subscription revenue from Azure and Office 365 continue to "grow robustly" and he sees headwinds abating from a declining PC market and the transition to the cloud. Winslow keeps an Outperform rating and $160 price target on Microsoft shares.
07/19/19
MSCO
07/19/19
NO CHANGE
Target $155
MSCO
Overweight
Microsoft price target raised to $155 from $145 at Morgan Stanley
Morgan Stanley analyst Keith Weiss raised his price target on Microsoft shares to $155 from $145, stating that company's commercial momentum drove outperformance across all revenue segments in a "strong end to a very strong year." Given the highly recurring nature of its commercial revenues and the very high renewal rate for core enterprise systems, Microsoft should prove much less cyclical than the current multiple would imply, contends Weiss, who continues to believe the company remains "the best positioned name in tech for the emerging Hybrid Cloud architecture." Weiss maintains an Overweight rating on Microsoft shares.

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SFTBY

SoftBank

$0.00

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SoftBank

$0.00

(0.00%)

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SoftBank

$0.00

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SFTBF

SoftBank

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WE

We Company

$0.00

(0.00%)

DB

Deutsche Bank

$7.99

-0.08 (-0.99%)

BNPQY

BNP Paribas

$0.00

(0.00%)

JNJ

Johnson & Johnson

$131.73

1.75 (1.35%)

TEVA

Teva

$7.44

-0.08 (-1.06%)

ENDP

Endo

$3.48

0.115 (3.42%)

MNK

Mallinckrodt

$2.46

0.01 (0.41%)

ABT

Abbott

$83.56

0.35 (0.42%)

AMRX

Amneal Pharmaceuticals

$3.34

0.21 (6.71%)

MYL

Mylan

$21.01

0.03 (0.14%)

MCK

McKesson

$146.83

1.06 (0.73%)

CAH

Cardinal Health

$47.89

-0.14 (-0.29%)

ABC

AmerisourceBergen

$85.13

0.475 (0.56%)

WAB

Wabtec

$74.01

0.26 (0.35%)

CVS

CVS Health

$64.28

0.65 (1.02%)

REAL

RealReal

$17.00

0.21 (1.25%)

CMG

Chipotle

$835.17

3.67 (0.44%)

MCD

McDonald's

$209.44

-1.12 (-0.53%)

YUM

Yum! Brands

$112.31

-1.83 (-1.60%)

WEN

Wendy's

$20.77

0.22 (1.07%)

QSR

Restaurant Brands

$72.64

-1.24 (-1.68%)

CMCSA

Comcast

$46.36

-0.32 (-0.69%)

CMCSK

Comcast

$0.00

(0.00%)

DAL

Delta Air Lines

$58.63

-0.05 (-0.09%)

FANG

Diamondback Energy

$96.90

-0.45 (-0.46%)

EHC

Encompass Health

$64.41

-0.01 (-0.02%)

FB

Facebook

$189.88

-0.27 (-0.14%)

MSFT

Microsoft

$139.34

-1.74 (-1.23%)

PG

Procter & Gamble

$122.22

0.37 (0.30%)

KO

Coca-Cola

$53.90

-0.62 (-1.14%)

PEP

PepsiCo

$134.49

-0.98 (-0.72%)

CL

Colgate-Palmolive

$70.97

0.01 (0.01%)

KMB

Kimberly-Clark

$135.13

0.9 (0.67%)

K

Kellogg

$63.79

0.07 (0.11%)

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BGNE

BeiGene

$135.62

2.61 (1.96%)

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CE

Celanese

$122.73

-1.06 (-0.86%)

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BA

Boeing

$379.33

-5.28 (-1.37%)

19:21
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AA

Alcoa

$21.70

-0.26 (-1.18%)

19:15
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19:15
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AA

Alcoa

$21.70

-0.26 (-1.18%)

, SCHN

Schnitzer Steel

$23.55

-0.27 (-1.13%)

19:15
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Downgrade
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AA

Alcoa

$21.70

-0.26 (-1.18%)

SCHN

Schnitzer Steel

$23.55

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CMC

Commercial Metals

$17.94

-0.42 (-2.29%)

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CMC

Commercial Metals

$17.94

-0.42 (-2.29%)

19:08
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SCHN

Schnitzer Steel

$23.55

-0.27 (-1.13%)

19:06
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FNSR

Finisar

$24.31

1.25 (5.42%)

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BNPQY

BNP Paribas

$0.00

(0.00%)

, DB

Deutsche Bank

$7.99

-0.08 (-0.99%)

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$0.00

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DB

Deutsche Bank

$7.99

-0.08 (-0.99%)

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VRSK

Verisk Analytics

$158.47

-0.21 (-0.13%)

18:00
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T

AT&T

$37.92

0.78 (2.10%)

, CMCSA

Comcast

$46.36

-0.32 (-0.69%)

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T

AT&T

$37.92

0.78 (2.10%)

CMCSA

Comcast

$46.36

-0.32 (-0.69%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$59.19

-0.19 (-0.32%)

LGF.A

Lionsgate

$9.49

-0.47 (-4.72%)

LGF.B

Lionsgate

$8.88

-0.435 (-4.67%)

DIS

Disney

$132.18

-1.14 (-0.86%)

VIAB

Viacom

$24.92

-0.28 (-1.11%)

VIA

Viacom

$26.67

-0.85 (-3.09%)

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