Breaking News Instant updates and real-time market news.

OKTA

Okta

$114.54

-3.66 (-3.10%)

, PFPT

Proofpoint

$126.70

-0.68 (-0.53%)

07:39
10/11/19
10/11
07:39
10/11/19
07:39

Okta announced innovative products and partnerships, says Oppenheimer

Okta (OKTA) remains "laser focused" on identity centric security, which is based on Zero Trust and a dissolving network perimeter, Oppenheimer analyst Shaul Eyal tells investors in a research note following the company's Showcase Event. The analyst continues to see a "sizeable market opportunity" for the company and keeps an Outperform rating on the shares with a $140 price target. Key takeaways from the event include the announcement of DynamicScale, a customer-identity-focused solution able to support peak loads during traffic bursts up to 500,000 authentications per minute, and SecurityInsights, a security detection and remediation technology designed to improve an organization's security posture, as well as partnerships with Atlassian (TEAM) and Proofpoint (PFPT), says Eyal.

OKTA

Okta

$114.54

-3.66 (-3.10%)

PFPT

Proofpoint

$126.70

-0.68 (-0.53%)

TEAM

Atlassian

$125.93

-0.75 (-0.59%)

  • 15

    Oct

  • 17

    Oct

  • 24

    Oct

  • 13

    Nov

  • 19

    Nov

  • 12

    Dec

  • 16

    Dec

OKTA Okta
$114.54

-3.66 (-3.10%)

10/02/19
RHCO
10/02/19
UPGRADE
Target $134
RHCO
Buy
Okta upgraded to Buy from Hold at SunTrust
SunTrust analyst Joel Fishbein upgraded Okta to Buy from Hold and raised his price target on the shares to $134 from $130.
10/03/19
10/03/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Raytheon (RTN) upgraded to Outperform from Neutral at Credit Suisse WITH analyst Robert Spingarn saying he believes United Technologies' (UTX) aerospace businesses are undervalued and that the market has yet to appropriately discount Raytheon's ~43.1% ownership of the proposed combined entity. 2. Wipro (WIT) upgraded to Neutral from Sell at Goldman Sachs with analyst Sumeet Jain citing valuation. 3. Dova Pharmaceuticals (DOVA) upgraded to Neutral from Underweight at JPMorgan with analyst Joel Fishbein saying the company's "strong" execution continues to drive "impressive growth at scale" as customer deal sizes grow amid larger initial deployments and customers adopting multiple products. 4. Crowdstrike (CRWD) upgraded to Buy from Hold at SunTrust with analyst Joel Fishbein saying the company has developed a "category-defining" cloud platform for cyber security, a market that is "ripe for disruption." 5. Newmont Goldcorp (NEM) upgraded to Buy from Hold at Deutsche Bank with analyst Chris Terry saying shares of Newmont have significantly underperformed compared to its closest peer Barrick Gold (GOLD) and also versus the gold price. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/04/19
DBAB
10/04/19
NO CHANGE
DBAB
Buy
Okta could exceed 41% growth expectations for fiscal 2020, says Deutsche Bank
Deutsche Bank analyst Gray Powell left conversations with management and partner contacts feeling positive on the broader demand environment in the identity space and confident in the sector's growth prospects, even in the event of a slowdown in broader technology spending. In addition, insights around new initiatives, like the Okta Access Gateway and Advanced server Access, were positive, Powell tells investors in a research note. The analyst remains "very confident" in his forecasts for Okta. In an upside scenario, the company could end up growing revenue in excess of 45% in fiscal 2020 versus the Street's estimates that call for growth of 41%, says Powell. He keeps a Buy rating on the shares.
10/02/19
RHCO
10/02/19
UPGRADE
Target $134
RHCO
Buy
SunTrust upgrades Okta to Buy on expectations of 30%-plus sales growth
SunTrust analyst Joel Fishbein upgraded Okta to Buy from Hold with a $134 price target after taking over coverage from Terry Tillman. The company's "strong" execution continues to drive "impressive growth at scale" as customer deal sizes grow amid larger initial deployments and customers adopting multiple products, Fishbein tells investors in a research note. The analyst models Okta's revenue will 30%-plus through fiscal 2024, while achieving 20%-plus free cash flow margins.
PFPT Proofpoint
$126.70

-0.68 (-0.53%)

10/02/19
RHCO
10/02/19
INITIATION
RHCO
SunTrust initiates infrastructure and security sector
SunTrust analyst Joel Fishbein initiated fourteen stocks in the infrastructure and security sector. Regarding infrastructure, he said he believes "we are in the 3rd inning of a multi year (even multi-decade) opportunity" and projected on-demand penetration of 70% by 2028, adding that "spending on cloud software is projected to grow at ~3x the overall software market rate, resulting in a greater than $208B market opportunity through 2025." However, Fishbein cautioned to "stay selective" as while he is bullish on the underlying trends, "too many investors are chasing too few stories." For cybersecurity, Fishbein noted that it remains a top priority for the corporations, and cited the IDC stating that "worldwide spending on security-related hardware, software, and services is forecast to reach $133.7B in 2022 at a compound annual growth rate of 9.9%." He believes that emerging vendors with innovative technology are growing much faster, and sees a "shift in spending from legacy security providers to next generation technology providers and multi-product platforms." The analyst started eight names with Buy ratings -- Atlassian (TEAM), New Relic (NEWR), ServiceNow (NOW), Splunk (SPLK), Palo Alto Networks (PANW), Rapid7 (RPD), SailPoint (SAIL), and Zscaler (ZS). The other six names Fishbein started with Hold ratings -- PagerDuty (PD), Check Point (CHKP), FireEye (FEYE), Proofpoint (PFPT), Qualys (QLYS), and Tenable Holdings (TENB).
10/02/19
RHCO
10/02/19
INITIATION
RHCO
Hold
Proofpoint initiated with a Hold at SunTrust
SunTrust analyst Joel Fishbein initiated Proofpoint with a Hold rating and $135 price target.
08/13/19
BOFA
08/13/19
NO CHANGE
Target $103
BOFA
Buy
Crowdstrike price target raised to $103 from $89 at BofA/Merrill
BofA Merrill Lynch analyst Tal Liani noted that he had expected and incorporated some share gains for Crowdstrike (CRWD) from Symantec (SYMC) in his model, but following the recent announcement that Broadcom (AVGO) intends to buy Symantec's enterprise business he sees the potential for those share gains to accelerate. Liani, who raised his price target on Crowdstrike shares to $103 from $89, reiterated a Buy rating on the stock. Aside from the potential for Crowdstrike in antivirus, Liani sees other areas of cyber security where Symantec leads and he could see shares losses should Broadcom's deal create any uncertainty around Symantec's roadmap or commitment to R&D in the space. In email security the beneficiaries would be Proofpoint (PFPT) and Mimecast (MIME) and in secure web gateways the beneficiary could be Zscaler (ZS), Liani noted.
09/04/19
DBAB
09/04/19
UPGRADE
DBAB
Buy
Proofpoint upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Karl Keirstead upgraded Proofpoint to Buy from Hold.
TEAM Atlassian
$125.93

-0.75 (-0.59%)

10/11/19
OPCO
10/11/19
NO CHANGE
OPCO
Oppenheimer lowers price targets for MongoDB, Twilio, New Relic ahead of reports
Oppenheimer analyst Ittai Kidron said he expects solid results from the Analytics, Collaboration, and Infrastructure software group, though upside may be more constrained given several vendors face tougher year-over year comparisons and it seems investors have become more sensitive to high valuations. While he said MongoDB (MDB), Twilio (TWLO), Smartsheet (SMAR) and Elastic (ESTC) remain top picks, he sees lower near-term upside given tough comps in the second half and sees them as better positioned to deliver bigger upside in calendar 2020, Kidron tells investors in his group preview. Ahead of results from the group, Kidron lowered his price target for MongoDB to $155 from $180, for Twilio to $145 from $160 and for New Relic (NEWR) to $80 from $85. He also noted that he is bullish on Alteryx (AYX), Atlassian (TEAM) and VMware (VMW).
09/13/19
WBLR
09/13/19
NO CHANGE
WBLR
Atlassian price hikes broader, more drastic than expected, says William Blair
On September 3, Atlassian started notifying customers that it was increasing pricing on its cloud, server, and data center products effective October 3, William Blair analyst Bhavan Suri tells investors in a research note. Larger customers generally saw a greater price increase than smaller customers as Atlassian looked to reduce the impact of volume discounts, adds the analyst. He says the price increases are more drastic and broader than he expected. And despite the increases, Atlassian still remains a price leader in the market with quality software, contends Suri. The analyst, who notes the price increases are already baked into guidance, keeps an Outperform rating on Atlassian.
10/02/19
RHCO
10/02/19
INITIATION
RHCO
Buy
Atlassian initiated with a Buy at SunTrust
SunTrust analyst Joel Fishbein initiated Atlassian with a Buy rating and $162 price target.

TODAY'S FREE FLY STORIES

CMCSA

Comcast

$45.60

-0.34 (-0.74%)

, CMCSK

Comcast

$0.00

(0.00%)

14:44
10/18/19
10/18
14:44
10/18/19
14:44
Periodicals
Comcast, AT&T among bidders for 'South Park' streaming rights, Bloomberg says »

Comcast's (CMCSA)…

CMCSA

Comcast

$45.60

-0.34 (-0.74%)

CMCSK

Comcast

$0.00

(0.00%)

T

AT&T

$38.38

0.555 (1.47%)

VIAB

Viacom

$22.13

-0.48 (-2.12%)

VIA

Viacom

$24.88

-0.72 (-2.81%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Oct

  • 24

    Oct

  • 27

    Oct

  • 28

    Oct

  • 29

    Oct

  • 14

    Nov

  • 14

    Nov

  • 18

    Nov

  • 19

    Nov

FDX

FedEx

$149.86

-0.805 (-0.53%)

14:38
10/18/19
10/18
14:38
10/18/19
14:38
Hot Stocks
FedEx announces launch of drone delivery pilot program in Virginia »

FedEx announced that,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 29

    Oct

  • 13

    Nov

  • 17

    Dec

PUMP

ProPetro Holding

$8.85

0.245 (2.85%)

14:35
10/18/19
10/18
14:35
10/18/19
14:35
Periodicals
ProPetro Holding under investigation by SEC, Reuters says »

The SEC is probing…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

NLY

Annaly Capital

$8.77

0.1 (1.15%)

, IVZ

Invesco

$15.76

0.12 (0.77%)

14:26
10/18/19
10/18
14:26
10/18/19
14:26
Hot Stocks
Annaly Capital, Invesco named as stock picks by Bill Gross »

Bill Gross, during an…

NLY

Annaly Capital

$8.77

0.1 (1.15%)

IVZ

Invesco

$15.76

0.12 (0.77%)

D

Dominion

$82.18

-0.2 (-0.24%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Oct

  • 31

    Oct

  • 01

    Nov

  • 10

    Nov

  • 10

    Nov

  • 12

    Nov

BCS

Barclays

$8.49

0.12 (1.43%)

14:25
10/18/19
10/18
14:25
10/18/19
14:25
Options
Barclays call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Oct

  • 27

    Oct

  • 12

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
10/18/19
10/18
14:17
10/18/19
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
10/18/19
10/18
14:16
10/18/19
14:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

FANG

Diamondback Energy

$82.71

-1.42 (-1.69%)

14:15
10/18/19
10/18
14:15
10/18/19
14:15
Options
Diamondback Energy put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Nov

QQQ

Invesco QQQ Trust

$192.00

-1.56 (-0.81%)

, SPY

SPDR S&P 500 ETF Trust

$298.50

-0.74 (-0.25%)

14:13
10/18/19
10/18
14:13
10/18/19
14:13
Technical Analysis
On The Fly: ETF fund flow highlights »

For the week creations…

QQQ

Invesco QQQ Trust

$192.00

-1.56 (-0.81%)

SPY

SPDR S&P 500 ETF Trust

$298.50

-0.74 (-0.25%)

IWM

iShares Trust Russell 2000 Index Fund

$152.78

-0.56 (-0.37%)

XLU

Utilities SPDR

$63.76

0.16 (0.25%)

IVV

iShares Core S&P 500

$300.17

-0.76 (-0.25%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

XEC

Cimarex Energy

$42.31

-0.36 (-0.84%)

14:05
10/18/19
10/18
14:05
10/18/19
14:05
Options
Cimarex Energy call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Nov

SPXC

SPX Corporation

$40.48

0.265 (0.66%)

13:58
10/18/19
10/18
13:58
10/18/19
13:58
Initiation
SPX Corporation initiated  »

SPX Corporation initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 30

    Oct

  • 20

    Nov

  • 20

    Nov

  • 21

    Nov

  • 21

    Nov

WE

We Company

$0.00

(0.00%)

, JPM

JPMorgan

$120.80

0.41 (0.34%)

13:58
10/18/19
10/18
13:58
10/18/19
13:58
Periodicals
SoftBank, JPMorgan submit competing rescue packages for WeWork, FT says »

SoftBank (SFTBF) and…

WE

We Company

$0.00

(0.00%)

JPM

JPMorgan

$120.80

0.41 (0.34%)

SFTBF

SoftBank

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Oct

  • 27

    Oct

  • 04

    Nov

  • 21

    Nov

  • 14

    Jan

13:55
10/18/19
10/18
13:55
10/18/19
13:55
General news
Action Economics Survey results: »

Action Economics Survey…

JNJ

Johnson & Johnson

$129.11

-7.09 (-5.21%)

13:48
10/18/19
10/18
13:48
10/18/19
13:48
Recommendations
Johnson & Johnson analyst commentary  »

Credit Suisse says…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Oct

  • 07

    Dec

DIS

Disney

$131.17

-1.2 (-0.91%)

, SNE

Sony

$58.86

-1.195 (-1.99%)

13:47
10/18/19
10/18
13:47
10/18/19
13:47
On The Fly
Box Office Battle: 'Maleficent,' 'Zombieland' sequels hit theaters »

Welcome to "Box Office…

DIS

Disney

$131.17

-1.2 (-0.91%)

SNE

Sony

$58.86

-1.195 (-1.99%)

T

AT&T

$38.09

0.27 (0.71%)

VIA

Viacom

$25.00

-0.6 (-2.34%)

VIAB

Viacom

$22.24

-0.37 (-1.64%)

CMCSA

Comcast

$45.49

-0.45 (-0.98%)

CMCSK

Comcast

$0.00

(0.00%)

LGF.A

Lionsgate

$8.50

-0.1 (-1.16%)

LGF.B

Lionsgate

$8.00

-0.07 (-0.87%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Oct

  • 24

    Oct

  • 24

    Oct

  • 24

    Oct

  • 27

    Oct

  • 28

    Oct

  • 29

    Oct

  • 30

    Oct

  • 07

    Nov

  • 07

    Nov

  • 07

    Nov

  • 14

    Nov

  • 14

    Nov

  • 18

    Nov

  • 19

    Nov

MAS

Masco

$43.82

0.18 (0.41%)

13:45
10/18/19
10/18
13:45
10/18/19
13:45
Options
Masco call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 30

    Oct

IGT

International Game

$13.15

-0.25 (-1.87%)

13:25
10/18/19
10/18
13:25
10/18/19
13:25
Options
International Game call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

13:25
10/18/19
10/18
13:25
10/18/19
13:25
General news
Wall Street is taking a hit on a couple of news items »

Wall Street is taking a…

13:25
10/18/19
10/18
13:25
10/18/19
13:25
Conference/Events
JPMorgan autos/auto parts analyst to hold an analyst/industry conference call »

Autos & Auto Parts…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
10/18/19
10/18
13:17
10/18/19
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
10/18/19
10/18
13:16
10/18/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GGAL

Grupo Financiero

$12.45

-0.05 (-0.40%)

13:15
10/18/19
10/18
13:15
10/18/19
13:15
Options
Grupo Financiero put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

NWBO

Northwest Biotherapeutics

$0.00

(0.00%)

13:12
10/18/19
10/18
13:12
10/18/19
13:12
Syndicate
Breaking Syndicate news story on Northwest Biotherapeutics »

Northwest Biotherapeutics…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Nov

BA

Boeing

$355.77

-13.36 (-3.62%)

13:12
10/18/19
10/18
13:12
10/18/19
13:12
Periodicals
Boeing pilot said he 'lied' to FAA in texts to colleague, NY Times reports »

Mark Forkner, a Boeing…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Oct

MAT

Mattel

$11.18

0.07 (0.63%)

13:06
10/18/19
10/18
13:06
10/18/19
13:06
Recommendations
Mattel analyst commentary  »

Jefferies sees increased…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 29

    Oct

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.