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EGHT

8x8, Inc.

$21.36

-1.125 (-5.00%)

, ZM

Zoom Video

$76.06

-3.625 (-4.55%)

08:59
09/30/19
09/30
08:59
09/30/19
08:59

BofA/Merrill downgrades 8x8 to Underperform, cuts price target to $21

As previously reported, BofA Merrill Lynch analyst Nikolay Beliov downgraded 8x8, Inc. (EGHT) to Underperform from Neutral and lowered his price target PO to $21 from $28, noting that Q1 subscription growth was only in-line "despite a beat-and-raise set-up" and that both mid-market ARR growth and enterprise ARR growth slowed in Q1 compared to the prior year. Additionally, he sees the company have "one of the worst sales efficiencies amongst peers," which makes it harder trying to compete with Zoom Video (ZM) and Twilio (TWLO), Beliov tells investors.

EGHT

8x8, Inc.

$21.36

-1.125 (-5.00%)

ZM

Zoom Video

$76.06

-3.625 (-4.55%)

TWLO

Twilio

$106.53

-4.41 (-3.98%)

  • 13

    Nov

EGHT 8x8, Inc.
$21.36

-1.125 (-5.00%)

07/31/19
RILY
07/31/19
DOWNGRADE
Target $18.5
RILY
Sell
8x8, Inc. downgraded to Sell from Neutral at B. Riley FBR
B. Riley FBR analyst Josh Nichols downgraded 8x8, Inc. to Sell from Neutral while raising his price target for the shares to $18.50 from $17.50. The company's cash burn is accelerating while its organic growth expectations were again reduced, Nichols tells investors in a post-earnings research note.
09/13/19
RSBL
09/13/19
NO CHANGE
RSBL
Cloud communications leaders signal positive indications, says Rosenblatt
After visits with three "leaders" in cloud-hosted communications - Twilio (TWLO), RingCentral (RNG), and 8x8 (EGHT) - Rosenblatt analyst Ryan Koontz said he came away with "positive indications on all tactical fronts." Twilio expressed high confidence in its market leadership position in APIs and noted no changes in the competitive environment; RingCentral indicated that it continues to move "aggressively" up-market; and 8x8 management said they feel all issues are addressed following past major missteps with its channel program and said its pipeline now reflects more healthy demand, according to Koontz. He has Buy ratings on Twilio and RingCentral and a Neutral rating on shares of 8x8.
07/31/19
DOTC
07/31/19
UPGRADE
DOTC
Buy
8x8, Inc. upgraded to Buy from Neutral at Dougherty
09/30/19
BOFA
09/30/19
DOWNGRADE
BOFA
Underperform
8x8, Inc. downgraded to Underperform from Neutral at BofA/Merrill
ZM Zoom Video
$76.06

-3.625 (-4.55%)

09/16/19
09/16/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. American Finance Trust (AFIN) initiated with a Neutral at B. Riley FBR. 2. Investors Real Estate (IRET) initiated with a Buy at BTIG. 3. Preferred Apartment (APTS) initiated with a Buy at National Securities. 4. Enphase Energy (ENPH) initiated with an Overweight at JPMorgan. 5. Zoom Video (ZM) initiated with an Outperform at Baird. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/06/19
STFL
09/06/19
NO CHANGE
Target $90
STFL
Hold
Zoom Video results 'pretty darn close' to 'perfection,' says Stifel
Stifel analyst Tom Roderick said Zoom Video reported Q2 results that "easily" beat Street expectations again in the company's second earnings report as a public company. Additionally, the company's guidance for the rest of FY20 "will serve to completely shred all Street models," said Roderick, who thinks the shares are "priced for perfection" but Zoom's results were "pretty darn close" to that. He keeps a Hold rating on the stock, entirely on valuation, but raised his price target on Zoom shares to $90 from $80.
09/10/19
FBNS
09/10/19
INITIATION
Target $85
FBNS
Sector Perform
Zoom Video initiated with a Sector Perform at FBN Securities
FBN Securities analyst Shebly Seyrafi started Zoom Video with a Sector Perform rating and $85 price target.
09/16/19
BARD
09/16/19
INITIATION
Target $100
BARD
Outperform
Zoom Video initiated with an Outperform at Baird
Baird analyst William Power initiated Zoom video with an Outperform as he believes it has revolutionized video conferencing marketing driving year-over-year revenue growth along with strong profitability. He believes its sets them apart from other SaaS names. The analyst also believes Zoom Phone opens another large frontier in replacing legacy phone systems. Power has a $100 price target on Zoom Video shares.
TWLO Twilio
$106.53

-4.41 (-3.98%)

09/30/19
BOFA
09/30/19
NO CHANGE
Target $160
BOFA
Buy
Twilio's Conversations API marks 'another growth lever', says BofA/Merrill
BofA/Merrill analyst Nikolay Beliov kept his Buy rating and $160 price target on Twilio, saying his deep-dive analysis of its Conversations API suggests the service marks another "growth lever" for the company and supports his view of the stock as his 2019 top pick. The analyst notes that the shares have traded flat relative to the Nasdaq year-to-date, even though the company is an "unquestionable market leader in a very large market" with base revenue growth of over 50% this year, adding that investor concerns over the slowdown in expansion rate and Flex ramp are overblown. Beliov further contends that Twilio is "out-innovating everybody" while staying "many steps" ahead of the competition with its TaskRouter, Flex, and now Verify and Conversations offerings.
09/19/19
09/19/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Hyatt (H) upgraded to Buy from Neutral at Goldman Sachs with analyst Stephen Grambling saying the company is moving more aggressively towards asset light model, which should drive free cash flow and a re-rating in the shares. 2. Ligand (LGND) upgraded to Overweight from Equal Weight at Barclays with analyst Balaji Prasad saying he believes greater clarity on its pipeline offers strong support for its revenue potential and he revised his revenue forecasts for FY19-FY23 due to increased royalty estimates. 3. Twilio (TWLO) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Meta Marshall saying the company is building out a next-generation communication platform, with multiple expansion markets "still in their infancy." 4. KKR (KKR) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Alexander Blostein saying KKR is entering a period of accelerated earnings growth, driven by its upcoming fund-raising cycle and maturing investment portfolio, which should yield above-consensus incentive income and earnings. 5. Cousins Properties (CUZ) upgraded to Outperform from Market Perform at Wells Fargo with analyst Blaine Heck saying the company's share underperformance year-to-date relative to peers is not warranted given its exposure to office markets that should see solid rent growth over the next 12-24 months. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/19/19
MSCO
09/19/19
UPGRADE
Target $135
MSCO
Overweight
Morgan Stanley upgrades Twilio to Overweight, boosts price target to $135
Morgan Stanley analyst Meta Marshall upgraded Twilio to Overweight from Equal Weight with a price target of $135, up from $130. The stock closed Wednesday up 23c to $112.55. The company is building out a next-generation communication platform, with multiple expansion markets "still in their infancy," Marshall tells investors in a research note. The analyst believes Twilio continues to remove the constraints of traditional business-to-consumer communication, and thinks the recent pullback in the shares provides an opportunity. The company takes top placement in Marshall's newly introduced unified communications framework. The analyst coupled the upgrade of Twilio with a downgrade of Bandwidth (BAND) to Underweight.
09/19/19
MSCO
09/19/19
DOWNGRADE
Target $67
MSCO
Underweight
Morgan Stanley downgrades Bandwidth to Underweight on relative valuation
Morgan Stanley analyst Meta Marshall downgraded Bandwidth (BAND) to Underweight from Equal Weight with a price target of $67, down from $74. The company is a good play on the growth of next-generation communications but its relative valuation versus peers "gives too much credit for platform depth," Marshall tells investors in a research note. Bandwidth's software capabilities are more limited than communication platform names like Twilio (TWLO), which should limit its valuation, says the analyst. Marshall sees better opportunities in the unified communications space.

TODAY'S FREE FLY STORIES

PUMP

ProPetro Holding

$7.34

-0.36 (-4.68%)

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    Nov

DXCM

DexCom

$202.81

-3.35 (-1.63%)

, WBA

Walgreens Boots Alliance

$62.24

-0.48 (-0.77%)

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WBA

Walgreens Boots Alliance

$62.24

-0.48 (-0.77%)

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EQS

Equus II Inc

$1.55

(0.00%)

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SSYS

Stratasys

$18.35

-2.39 (-11.52%)

18:04
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  • 13

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GLD

SPDR Gold Shares

$137.98

0.56 (0.41%)

18:03
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SPDR Gold Shares holdings fall to 896.77MT from 897.09MT »

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CPA

Copa Holdings

$107.71

1.89 (1.79%)

17:57
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Copa Holdings reports October capacity down 4.8%, traffic down 1.4% »

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  • 14

    Nov

  • 03

    Dec

CCI

Crown Castle

$131.34

0.67 (0.51%)

17:51
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Crown Castle chairman buys 10.9K shares of common stock »

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  • 12

    Dec

GOOG

Alphabet

$1,298.00

-0.77 (-0.06%)

, GOOGL

Alphabet Class A

$1,296.00

-1.18 (-0.09%)

17:48
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Periodicals
Google confirms several features not available on Stadia at launch, Kotaku says »

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GOOG

Alphabet

$1,298.00

-0.77 (-0.06%)

GOOGL

Alphabet Class A

$1,296.00

-1.18 (-0.09%)

03/08/13
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BAESY

BAE Systems

$0.00

(0.00%)

17:44
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BAE Systems awarded maximum $270.6M Navy contract modification »

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HBT

HBT Financial

$16.99

0.18 (1.07%)

17:38
11/13/19
11/13
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17:38
Hot Stocks
HBT Financial director Patrick Busch buys over 13K shares of company stock »

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TMO

Thermo Fisher

$299.90

3.82 (1.29%)

, QGEN

Qiagen

$35.52

3.26 (10.11%)

17:38
11/13/19
11/13
17:38
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17:38
Periodicals
Thermo Fisher considering purchase of Qiagen, Bloomberg reports »

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TMO

Thermo Fisher

$299.90

3.82 (1.29%)

QGEN

Qiagen

$35.52

3.26 (10.11%)

03/08/13
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03/08/13
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03/06/13
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  • 02

    Dec

  • 07

    Dec

AOBC

American Outdoor Brands

$7.90

0.22 (2.86%)

17:36
11/13/19
11/13
17:36
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17:36
Conference/Events
American Outdoor Brands to hold a conference call »

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CRK

Comstock Resources

$7.18

0.3 (4.36%)

17:33
11/13/19
11/13
17:33
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17:33
Syndicate
Breaking Syndicate news story on Comstock Resources »

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SU

Suncor

$31.90

0.02 (0.06%)

17:32
11/13/19
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Suncor increases share repurchase program by $500M »

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  • 18

    Nov

  • 19

    Nov

VRRM

Verra Mobility

$14.70

0.045 (0.31%)

17:24
11/13/19
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Syndicate
Verra Mobility files to sell 15M shares of Class A common stock for holders »

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  • 13

    Nov

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    Nov

EQ

Equillium

$3.20

-0.19 (-5.60%)

17:22
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Syndicate
Breaking Syndicate news story on Equillium »

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  • 07

    Dec

PAG

Penske Automotive

$51.36

0.015 (0.03%)

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Breaking Syndicate news story on Penske Automotive »

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  • 13

    Nov

LLY

Eli Lilly

$112.85

-0.31 (-0.27%)

17:12
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  • 30

    Jan

PRTH

Priority Technology

$3.24

-0.03 (-0.92%)

17:08
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Earnings
Priority Technology reports Q3 EPS (9c), one estimate (12c) »

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DPZ

Domino's Pizza

$279.24

1.185 (0.43%)

17:07
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Hot Stocks
Domino's Pizza's Goldman sells 2,486 common shares »

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  • 13

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  • 11

    Dec

  • 12

    Dec

WE

We Company

$0.00

(0.00%)

, SFTBF

SoftBank

$0.00

(0.00%)

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Periodicals
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WE

We Company

$0.00

(0.00%)

SFTBF

SoftBank

$0.00

(0.00%)

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GLYC

GlycoMimetics

$6.27

0.31 (5.20%)

17:02
11/13/19
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17:02
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Initiation
GlycoMimetics initiated  »

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BLK

BlackRock

$485.67

-1.24 (-0.25%)

17:00
11/13/19
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17:00
Hot Stocks
BlackRock CFO sells nearly 4,000 common shares »

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  • 10

    Dec

ARVN

Arvinas

$28.35

1.85 (6.98%)

16:58
11/13/19
11/13
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Initiation
Arvinas initiated  »

Arvinas initiated with a…

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FEYE

FireEye

$17.09

-0.04 (-0.23%)

16:57
11/13/19
11/13
16:57
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16:57
Recommendations
FireEye analyst commentary  »

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  • 09

    Dec

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    Dec

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