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CSCO

Cisco

$46.53

0.16 (0.35%)

11:05
10/16/19
10/16
11:05
10/16/19
11:05

Cisco call volume above normal and directionally bullish

Bullish option flow detected in Cisco with 14,652 calls trading, 1.3x expected, and implied vol increasing over 1 point to 28.88%. 11/1 weekly 46 calls and Oct-19 49 calls are the most active options, with total volume in those strikes near 6,100 contracts. The Put/Call Ratio is 0.33. Earnings are expected on November 13th.

  • 13

    Nov

CSCO Cisco
$46.53

0.16 (0.35%)

09/19/19
BOFA
09/19/19
DOWNGRADE
Target $116
BOFA
Underperform
Check Point downgraded to Underperform from Buy at BofA/Merrill
BofA/Merrill analyst Tal Liani issued a double-downgrade of Check Point (CHKP) to Underperform from Buy and lowered his price target on the shares to $116 from $130. The analyst notes that the company's response to market dynamics has been slow for several years relative to competitors like Cisco (CSCO), Palo Alto (PANW) and Fortinet (FTNT), but the reluctance of users to avoid integrating a new platform has diminished while the impact of the "intense competition" has started to become more visible with Check Point's contracting market share. Liani warns that Check Point growth could reemerge with the launch of the new Infinity platform, but the recent increase to investments may pressure the company's margins and possibly require a "downward reset" in his model.
09/23/19
NORL
09/23/19
NO CHANGE
NORL
Underperform
Inphi drops after Northland sees 'large cut' to Amazon 400G rollout plans
Northland analyst Tim Savageaux says datapoints at the European Conference on Optical Communication support his caution on the timing of 400G ramps both inside/outside the data center, driven in part by technical complexity. Datapoints at the show indicate a "large cut" in 400G rollout plans at Amazon.com (AMZN) this year, which poses a "significant risk" to Inphi (IPHI), the analyst tells investors in a research note. Shares of Inphi are well off their lows on the day but remain down 5% to $60.48 in early afternoon trading. Savageaux also believes that consensus views overestimate the possible impact of the Cisco Systems (CSCO)/Acacia Communications (ACIA) merger on Inphi's coherent application-specific integrated circuit unit. He believes Lumentum (LITE) is more likely to benefit with its Acacia -powered CFP2 DCO platform in the near term. Further, the analyst's early update from the European Conference on Optical Communication is positive for NeoPhotonics (NPTN). Positive Huawei demand dynamics is a notable plus for the company, says Savageaux. He has an Underpeform rating on Inphi, and Outperform ratings on both Lumentum and NeoPhotonics.
10/10/19
GSCO
10/10/19
DOWNGRADE
Target $48
GSCO
Neutral
Cisco downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Rod Hall downgraded Cisco Systems to Neutral from Buy with a price target of $48, down from $56. The stock closed Wednesday up 45c to $46.84. Large enterprise spending will continue to weaken and telecom spending activity will remain depressed in the near term, Hall tells investors in a research note. The analyst notes that Goldman's Enterprise Activity Index deteriorated in September, while his latest reseller survey was also incrementally negative on enterprise spending trends. In the telecom segment, Hall is concerned that negative trends could persist "well into" 2020, driven by carrier pauses ahead of 5G and needed carrier network automation implementation. He thinks the market will move Cisco's multiple down to his price target, which he notes is closer to the company's historical price-to-earnings ratio.
10/10/19
10/10/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Kroger (KR) downgraded to Hold from Buy at Jefferies with analyst Christopher Mandeville saying after the stock's 15% rally in three months, the analyst is "checking out" as his confidence in Kroger's long-term grocery strategy and management's ability to effectively communicate "wanes." 2. HP Inc. (HPQ) downgraded to Sell from Neutral at Goldman Sachs while Cisco (CSCO) was downgraded to Neutral from Buy. 3. Continental Resources (CLR) downgraded to Neutral from Buy at Mizuho analyst Paul Sankey saying while the company has taken steps to reduce leverage and initiated its own cash return strategy, he has too much concern about the trajectory of spending and the quality of its unconventional opportunity longer-term to remain Buy-rated. 4. Evergy (EVRG) downgraded to Neutral from Buy at BofA/Merrill with analyst Julien Dumoulin-Smith citing the Missouri PSC vote in favor of petitioners against the company in the ongoing Sibley Generating Station complaint. 5. ForeScout (FSCT) downgraded to Neutral from Overweight at JPMorgan with analyst Sterling Auty citing the company's announcement of preliminary September quarter revenue that was about 10% short of expectations due primarily to macroeconomic conditions in EMEA. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SDR

SandRidge Mississippian Trust II

$0.00

(0.00%)

08:42
11/12/19
11/12
08:42
11/12/19
08:42
Hot Stocks
SandRidge Mississippian Trust II to be delisted, may begin trading on OTC Pink »

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ALBO

Albireo Pharma

$18.75

-0.46 (-2.39%)

, ASMB

Assembly Biosciences

$14.50

-2.58 (-15.11%)

08:42
11/12/19
11/12
08:42
11/12/19
08:42
Conference/Events
William Blair to hold a conference »

Biotech Focus Day: Boston…

ALBO

Albireo Pharma

$18.75

-0.46 (-2.39%)

ASMB

Assembly Biosciences

$14.50

-2.58 (-15.11%)

NERV

Minerva

$5.22

-0.06 (-1.14%)

VKTX

Viking Therapeutics

$7.69

-0.18 (-2.29%)

03/08/13
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CARB

Carbonite

$22.93

4.54 (24.69%)

08:42
11/12/19
11/12
08:42
11/12/19
08:42
Downgrade
Carbonite rating change  »

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  • 19

    Nov

V

Visa

$179.50

0.55 (0.31%)

08:42
11/12/19
11/12
08:42
11/12/19
08:42
Periodicals
Visa buys 20% stake in Nigerian payments platform Interswitch, Sky News reports »

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  • 10

    Dec

CEMI

Chembio Diagnostics

$4.45

-0.04 (-0.89%)

08:41
11/12/19
11/12
08:41
11/12/19
08:41
Conference/Events
Chembio Diagnostics management to meet with Benchmark »

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    Nov

LFVN

LifeVantage

$14.53

0.06 (0.41%)

08:41
11/12/19
11/12
08:41
11/12/19
08:41
Hot Stocks
LifeVantage opens for business in New Zealand »

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  • 05

    Dec

AKZOY

AkzoNobel

$0.00

(0.00%)

, APD

Air Products

$235.04

1.18 (0.50%)

08:41
11/12/19
11/12
08:41
11/12/19
08:41
Conference/Events
Morgan Stanley to hold a conference »

8th Annual Global…

AKZOY

AkzoNobel

$0.00

(0.00%)

APD

Air Products

$235.04

1.18 (0.50%)

ASIX

AdvanSix

$23.72

-0.4 (-1.66%)

ATR

AptarGroup

$108.56

-0.46 (-0.42%)

BASFY

BASF

$0.00

(0.00%)

BAYRY

Bayer

$0.00

(0.00%)

CG

Carlyle Group

$27.50

0.07 (0.26%)

CCK

Crown Holdings

$74.99

-0.01 (-0.01%)

CE

Celanese

$126.72

-0.58 (-0.46%)

CF

CF Industries

$46.47

-0.15 (-0.32%)

ICL

ICL

$4.80

0.2 (4.35%)

GRA

W.R. Grace

$68.00

-0.36 (-0.53%)

FOE

Ferro

$12.58

0.07 (0.56%)

ESI

Element Solutions

$11.69

-0.05 (-0.43%)

EMN

Eastman Chemical

$82.65

-1.22 (-1.45%)

ECL

Ecolab

$188.83

-1.55 (-0.81%)

DOW

Dow Inc.

$55.80

-0.19 (-0.34%)

CTVA

Corteva

$26.74

0.54 (2.06%)

LYB

LyondellBasell

$97.20

-0.13 (-0.13%)

MOS

Mosaic

$20.93

0.12 (0.58%)

OLN

Olin

$19.33

-0.03 (-0.15%)

PACK

Ranpak Holdings

$6.38

-0.03 (-0.47%)

PPG

PPG

$129.20

0.29 (0.22%)

RPM

RPM

$74.99

-0.61 (-0.81%)

SHW

Sherwin-Williams

$579.31

-1.97 (-0.34%)

SOLVY

Solvay

$0.00

(0.00%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 12

    Nov

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    Nov

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    Dec

PFSW

PFSweb

$3.43

0.17 (5.22%)

08:41
11/12/19
11/12
08:41
11/12/19
08:41
Upgrade
PFSweb rating change  »

Lake Street upgrades…

03/08/13
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03/08/13
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  • 12

    Nov

QRTEA

Qurate Retail

$10.45

1.04 (11.05%)

08:40
11/12/19
11/12
08:40
11/12/19
08:40
Recommendations
Qurate Retail analyst commentary  »

Qurate Retail price…

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  • 21

    Nov

ARAV

Aravive

$6.60

0.07 (1.07%)

, AZN

AstraZeneca

$46.88

-0.37 (-0.78%)

08:40
11/12/19
11/12
08:40
11/12/19
08:40
Hot Stocks
Aravive, AstraZeneca initiates Phase 1/2 study of AVB-500 with durvalumab »

Aravive, Inc. (ARAV) and…

ARAV

Aravive

$6.60

0.07 (1.07%)

AZN

AstraZeneca

$46.88

-0.37 (-0.78%)

03/08/13
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  • 18

    Nov

  • 07

    Dec

REGN

Regeneron

$344.23

2.29 (0.67%)

08:40
11/12/19
11/12
08:40
11/12/19
08:40
Initiation
Regeneron initiated  »

Regeneron initiated with…

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  • 07

    Dec

CARG

CarGurus

$37.80

0.05 (0.13%)

08:40
11/12/19
11/12
08:40
11/12/19
08:40
Conference/Events
CarGurus management to meet with DA Davidson »

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  • 12

    Nov

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  • 09

    Dec

ABAHF

Abacus Health Products

$0.00

(0.00%)

, ACB

Aurora Cannabis

$3.61

-0.195 (-5.12%)

08:40
11/12/19
11/12
08:40
11/12/19
08:40
Conference/Events
Cowen to hold a conference »

2nd Annual Boston…

ABAHF

Abacus Health Products

$0.00

(0.00%)

ACB

Aurora Cannabis

$3.61

-0.195 (-5.12%)

CL

Colgate-Palmolive

$66.54

-0.08 (-0.12%)

CRON

Cronos Group

$8.08

-0.435 (-5.11%)

CVSI

CV Sciences

$0.00

(0.00%)

EMBI

Emergent Biosolutions

$0.00

(0.00%)

GTI

Symbol now EAF

$0.00

(0.00%)

HEXO

Hexo

$2.13

-0.22 (-9.36%)

IMLFF

InMed Pharmaceuticals

$0.00

(0.00%)

NEPT

Neptune Wellness

$2.95

-0.61 (-17.13%)

OGI

Organigram

$3.38

-0.28 (-7.65%)

PKI

PerkinElmer

$87.50

0.18 (0.21%)

RIV

Riviera Holdings

$16.30

-0.04 (-0.24%)

SNDL

Sundial Growers

$3.85

0.08 (2.12%)

TILT

trades on CSE

$121.95

(0.00%)

TLRY

Tilray

$21.97

-1.49 (-6.35%)

TPB

Turning Point Brands

$25.79

-0.92 (-3.44%)

XLY

Consumer Discretionary Sector SPDR

$121.06

-0.27 (-0.22%)

ZYNE

Zynerba

$6.80

0.36 (5.59%)

03/08/13
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03/06/13
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03/06/13
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  • 12

    Nov

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  • 14

    Nov

  • 14

    Nov

08:40
11/12/19
11/12
08:40
11/12/19
08:40
General news
Breaking General news story  »

Week of 11/9 Redbook to…

YGYI

Youngevity

$3.98

-0.11 (-2.69%)

08:38
11/12/19
11/12
08:38
11/12/19
08:38
Hot Stocks
Youngevity's CLR Roasters expands partnership with H&H Coffee Group Export »

CLR Roasters, a wholly…

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  • 13

    Nov

AMZN

Amazon.com

$1,771.70

-13.65 (-0.76%)

08:38
11/12/19
11/12
08:38
11/12/19
08:38
Conference/Events
Amazon.com management to meet with Mizuho »

Meetings to be held in…

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  • 13

    Nov

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    Nov

XFOR

X4 Pharmaceuticals

$14.25

0.6 (4.40%)

08:38
11/12/19
11/12
08:38
11/12/19
08:38
Hot Stocks
X4 Pharmaceuticals receives breakthrough therapy designation for mavorixafor »

X4 Pharmaceuticals…

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  • 12

    Nov

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    Nov

DRTT

DIRTT Environmental

$3.31

0.13 (4.09%)

08:37
11/12/19
11/12
08:37
11/12/19
08:37
Hot Stocks
DIRTT Environmental targets revenue of $450M-$550M by end of 2023 »

DIRTT Environmental…

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ONCS

OncoSec

$2.17

-0.02 (-0.91%)

08:37
11/12/19
11/12
08:37
11/12/19
08:37
Hot Stocks
OncoSec announces results from analysis of TAVO »

OncoSec Medical announced…

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IPHI

Inphi

$73.69

1.65 (2.29%)

08:37
11/12/19
11/12
08:37
11/12/19
08:37
Recommendations
Inphi analyst commentary  »

Inphi price target raised…

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BAESY

BAE Systems

$0.00

(0.00%)

, BAH

Booz Allen

$72.64

0.84 (1.17%)

08:37
11/12/19
11/12
08:37
11/12/19
08:37
Conference/Events
Cowen to hold a bus tour »

2019 Government Services…

BAESY

BAE Systems

$0.00

(0.00%)

BAH

Booz Allen

$72.64

0.84 (1.17%)

CACI

CACI

$227.43

1.49 (0.66%)

GD

General Dynamics

$184.28

-0.73 (-0.39%)

LDOS

Leidos

$87.68

0.5 (0.57%)

MANT

ManTech

$76.00

0.57 (0.76%)

PSN

Parsons

$37.81

-0.36 (-0.94%)

SAIC

SAIC

$81.93

-0.32 (-0.39%)

03/08/13
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03/06/13
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03/06/13
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  • 12

    Nov

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    Nov

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    Nov

  • 05

    Dec

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    Dec

PTCT

PTC Therapeutics

$41.29

0.13 (0.32%)

08:36
11/12/19
11/12
08:36
11/12/19
08:36
Initiation
PTC Therapeutics initiated  »

PTC Therapeutics…

03/08/13
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03/06/13
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LLY

Eli Lilly

$112.78

-0.785 (-0.69%)

08:36
11/12/19
11/12
08:36
11/12/19
08:36
Hot Stocks
Boehringer Ingelheim, Eli Lilly initiate first ever study to assess Jardiance »

Boehringer Ingelheim and…

03/08/13
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  • 30

    Jan

08:36
11/12/19
11/12
08:36
11/12/19
08:36
Conference/Events
Citigroup to hold a conference »

2019 Financial Technology…

FDS

FactSet

$248.24

1.57 (0.64%)

08:35
11/12/19
11/12
08:35
11/12/19
08:35
Hot Stocks
FactSet launches Workstation on OpenFin »

FactSet announced that it…

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