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FB

Facebook

$193.68

1.96 (1.02%)

, GOOG

Alphabet

$1,274.23

14.23 (1.13%)

07:52
11/04/19
11/04
07:52
11/04/19
07:52

Facebook regulatory compliance costs continue to rise, says Societe Generale

The costs of tighter regulation are kicking in at Facebook (FB), this time in the form of higher capital expenditure guidance next year, as the company addresses a "tornado of privacy, security and regulatory issues," Societe Generale analyst Simon Baker tells investors in a research note following last week's Q3 results. The analyst prefers shares of Alphabet (GOOG) and reiterates a Sell rating on Facebook with a $120 price target. Facebook's earnings beats over the last two years compare with a 50:50 record for Alphabet, and yet Alphabet shares have outperformed Facebook's by 17%, Baker points out.

FB

Facebook

$193.68

1.96 (1.02%)

GOOG

Alphabet

$1,274.23

14.23 (1.13%)

GOOGL

Alphabet Class A

$1,272.90

14.19 (1.13%)

FB Facebook
$193.68

1.96 (1.02%)

11/01/19
PIPR
11/01/19
NO CHANGE
Target $213
PIPR
Overweight
Arista selloff more than reflects change in fundamentals, says Piper Jaffray
Piper Jaffray analyst James Fish lowered his price target for Arista Networks (ANET) to $213 from $272 while keeping an Overweight rating on the shares. The stock is down 25% after the company's Q4 and 2020 guidance miss as a Cloud Titan's orders impacted top-line growth, Fish tells investors in a post-earnings research note. One of the Titans, which the analyst believes to be Facebook (FB), has paused on purchasing and expected 2020 orders. Bears are likely to use the growth outlook to comp Arista as "Juniper 2.0," Fish contends. However, he believes the stock's selloff "more than reflects the changed fundamentals."
11/01/19
COWN
11/01/19
NO CHANGE
Target $212
COWN
Outperform
Arista Networks price target lowered to $212 from $295 at Cowen
Cowen analyst Paul SIlverstein lowered his price target on Arista Networks (ANET) to $212 from $295 following Q3 results. The analyst significantly reduced his operating forecasts to reflect the painful impact of the delayed Facebook (FB) server refresh and he acknowledged it will take time for the company to regain investor confidence. Silverstein maintained his Outperform rating on Arista Networks shares.
11/01/19
NEED
11/01/19
DOWNGRADE
NEED
Hold
Arista Networks downgraded to Hold from Buy at Needham
Needham analyst Alex Henderson downgraded Arista Networks (ANET) to Hold from Buy after its "weak" Q4 guidance, saying this marks the 3rd consecutive quarter of a cut in outlook. The analyst notes that while the prior delay in orders from Microsoft (MSFT) has now come back, another larger customer - "most likely" Facebook (FB) - has sharply reduced its orders from Arista over the span of multiple quarters. Henderson adds that the reduction in outlook, along with the "unpredictability" of cloud demand, are likely to hurt valuations even when demand recovers.
11/01/19
MKMP
11/01/19
NO CHANGE
Target $210
MKMP
Neutral
Arista Networks price target lowered to $210 from $275 at MKM Partners
MKM Partners analyst Michael Genovese lowered his price target on Arista Networks (ANET) to $210 and kept his Neutral rating after is "scary bad guidance" for Q4 and 2020. The analyst attributes the disappointing forecast to the "sudden" slowing in orders from Facebook (FB), which is delaying the refresh of its Switches and Routers by a year.
GOOG Alphabet
$1,274.23

14.23 (1.13%)

10/29/19
GUGG
10/29/19
NO CHANGE
Target $1460
GUGG
Buy
Alphabet price target lowered to $1,460 from $1,525 at Guggenheim
Guggenheim analyst Michael Morris said Alphabet's personnel spending, particularly for R&D and marketing, was the primary cost driver in Q3 and he expects investment to continue into Q4. Though he is still confident in Alphabet's leadership in terms of talent, technology and financial resources, Morris sees bearish concerns about spending weighing on near-term sentiment toward the shares. He lowered his price target on Alphabet shares to $1,460 from $1,525 to reflect higher than previously forecast costs, though he maintains a Buy rating on both classes of the stock.
10/29/19
RAJA
10/29/19
NO CHANGE
Target $1475
RAJA
Outperform
Alphabet price target raised to $1,475 from $1,360 at Raymond James
Raymond James analyst Aaron Kessler raised his price target for Alphabet to $1,475 from $1,360 and maintained an Outperform rating, citing "solid" advertising growth, increasing Google Cloud momentum and an attractive valuation.
10/31/19
ROTH
10/31/19
NO CHANGE
Target $104
ROTH
Buy
Roth backs Buy on InterDigital, says ZTE license validates China model
Roth Capital analyst Scott Searle maintained a Buy rating and $104 price target on InterDigital (IDCC) after the company reported Q3 results, saying that the "real news" of the report was the licensing of ZTE (ZTCOY) for both wireless and video IP. The analyst said that this is the first crossover licensing customer and shows the imperative for Chinese original equipment manufacturers to license and certify solutions for international markets. Searle noted that he raised his estimates for InterDigital on the ZTE, Google (GOOGL), and Technicolor integration progress.
11/04/19
SBSH
11/04/19
UPGRADE
Target $7.35
SBSH
Neutral
Fitbit upgraded to Neutral from Sell at Citi
Citi analyst Jim Suva upgraded Fitbit (FIT) to Neutral from Sell with a price target of $7.35, up from $2.00. The analyst cites the takeover by Alphabet (GOOGL) for the upgrade to Neutral as he believes the acquisition will likely occur. He does not see any antitrust hurdles nor additional bidders.
GOOGL Alphabet Class A
$1,272.90

14.19 (1.13%)

TODAY'S FREE FLY STORIES

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CAMT

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TEAM

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UBS

UBS

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-0.06 (-0.45%)

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RMED

Ra Medical Systems

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LTHM

Livent

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0.05 (0.57%)

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EQT

EQT Corporation

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ARWR

Arrowhead

$56.42

-0.65 (-1.14%)

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KSU

Kansas City Southern

$166.57

4.77 (2.95%)

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INTC

Intel

$59.58

(0.00%)

06:49
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Periodicals
Intel to cut PC processor prices in second half of 2020, DigiTimes reports »

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  • 23

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CMA

Comerica

$68.62

0.37 (0.54%)

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Comerica sees 2%-3% growth in average loans in FY20 »

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  • 21

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SBH

Sally Beauty

$15.27

-0.46 (-2.92%)

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  • 30

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SELB

Selecta Biosciences

$3.30

0.1 (3.13%)

06:48
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HAL

Halliburton

$23.96

0.15 (0.63%)

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  • 21

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BIG

Big Lots

$28.27

-0.515 (-1.79%)

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HOME

At Home Group

$6.03

-0.225 (-3.60%)

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LRCX

Lam Research

$307.98

2.1 (0.69%)

, MKSI

MKS Instruments

$114.80

-0.59 (-0.51%)

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LRCX

Lam Research

$307.98

2.1 (0.69%)

MKSI

MKS Instruments

$114.80

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TSM

TSMC

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  • 29

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DLTR

Dollar Tree

$91.57

0.495 (0.54%)

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CMA

Comerica

$68.62

0.37 (0.54%)

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HAL

Halliburton

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0.15 (0.63%)

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  • 21

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WPX

WPX Energy

$12.67

-0.105 (-0.82%)

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CAT

Caterpillar

$147.75

1.92 (1.32%)

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CDEV

Centennial Resource Development

$4.41

-0.095 (-2.11%)

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EOG

EOG Resources

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EDU

New Oriental Education

$135.69

-5.08 (-3.61%)

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