Breaking News Instant updates and real-time market news.

AVGO

Broadcom

$296.56

3.77 (1.29%)

, SYMC

Symbol changed to NLOK

$23.43

0.56 (2.45%)

08:56
11/04/19
11/04
08:56
11/04/19
08:56

Broadcom completes acquisition of Enterprise Security business of Symantec

Broadcom (AVGO) announced that it has completed its acquisition of the Enterprise Security business of Symantec (SYMC). ymantec's Enterprise Security business will now operate as the Symantec Enterprise division of Broadcom and will be led by Art Gilliland as SVP and General Manager. Gilliland most recently served as General Manager of Symantec's Enterprise Security business where he oversaw the Enterprise Security product and engineering teams, Enterprise Security Worldwide Sales and the Enterprise Security customer support organization. He brings more than 20 years of experience in the security software industry.

AVGO

Broadcom

$296.56

3.77 (1.29%)

SYMC

Symbol changed to NLOK

$23.43

0.56 (2.45%)

  • 07

    Nov

AVGO Broadcom
$296.56

3.77 (1.29%)

09/16/19
ARGS
09/16/19
NO CHANGE
Target $350
ARGS
Buy
Broadcom attractively valued at 'significant discount', says Argus
Argus analyst Jim Kelleher kept his Buy rating and $350 price target on Broadcom after its Q3 results, saying that while the quarter topped expectations, the company guided cautiously for Q4 and the stock dipped. The analyst believes however that Broadcom's strong cash flow outlook remains intact, and it is now "attractively valued" at a "significant discount" relative to its recent valuations. Kelleher states that investors may have hoped for higher guidance given the improving enterprise demand, but contends that the reaffirmed FY19 outlook suggests the management expects the upcoming smartphone season to be "okay".
10/01/19
KEYB
10/01/19
NO CHANGE
KEYB
iPhone 11 Pro/Max demand in line, iPhone 11 sell-through disappoints, says KeyBanc
KeyBanc analyst John Vinh says his initial round of carrier surveys for the Apple (AAPL) iPhone 11/Pro cycle indicates soft demand for the new lineup, especially the iPhone 11. While Apple's initial ramp was split evenly between 11 and Pro, the Pro/Max series demand is apparently better than iPhone 11 despite the price cut, he adds. Overall, the analyst notes that sell-through is tracking close to last year's iPhone XS/XR cycle, while somewhat worse than store expectations. Meanwhile, inventory appears to be lean for iPhone 11 Pro/Max as most stores ran out of stock soon after launch, whereas iPhone 11 inventory stood at one-plus days, he contends. Vinh's favorite Apple supply chain name is Broadcom (AVGO).
10/02/19
OTRG
10/02/19
NO CHANGE
OTRG
Broadcom largest RF dollar content vendor for new iPhones, says OTR Global
OTR Global said its review of available teardowns for Apple's (AAPL) new iPhones confirms that Broadcom (AVGO) was "again" the largest RF dollar content vendor and has gained share in device SKUs from Qorvo (QRVO).
10/10/19
LBOW
10/10/19
UPGRADE
Target $260
LBOW
Buy
Longbow upgrades Apple to Buy on better than forecast demand for new iPhones
As previously reported, Longbow analyst Shawn Harrison upgraded Apple to Buy from Neutral with a $260 price target. His contacts, who previously gave him initial conservative forecasts for up to a 10% year-over-year decline in iPhone production in the calendar third quarter, now see flat production in the period of Apple's fiscal fourth quarter, Harrison tells investors. He estimate the iPhone 11 comprises approximately 50% of new model production and his contacts now see fiscal Q1 year-over-year growth in iPhone shipments of potentially 10% or more, Harrison stated. He also calls out Apple suppliers Skyworks (SWKS), Qorvo (QRVO) and Broadcom (AVGO) as those he covers that are best positioned to see upside based on better than expected iPhone production.
SYMC Symbol changed to NLOK
$23.43

0.56 (2.45%)

08/30/19
MACQ
08/30/19
NO CHANGE
Target $100
MACQ
Outperform
Macquarie sees limited impact on Crowdstrike from Carbon Black buyout
Macquarie analyst Sarah Hindlian says he's been fielding numerous questions on implications from VMware's (VMW) purchase of Carbon Black (CBLK) with Crowdstrike (CRWD) investors concerned over its Dell (DELL) channel partnership. The analyst, however, sees little impact on Crowdstrike. While the Carbon Black purchase could create "some nepotism" in the Dell channel in favor of the Carbon Black product, Crowdstrike's March 2019 partnership is limited in size and unlikely to affect the company's trajectory, says Hindlian. Further, she believes the company's larger opportunity is Symantec's endpoint revenues. Ultimately, the analyst views Crowdstrike as best in class for endpoint security products. She keeps a Buy rating on the shares with a $100 price target.
09/09/19
WELS
09/09/19
NO CHANGE
Target $25
WELS
Market Perform
Symantec Consumer Cyber Safety a candidate to be taken private, says Wells Fargo
Wells Fargo analyst Philip Winslow notes that after announcing last month that Broadcom (AVGO) will acquire Symantec's (SYMC) Enterprise Security business, various news outlets reported that Advent International and Permira Holdings are interested in purchasing Symantec's Consumer Cyber Safety business for $26-$27 per share. The analyst believes Symantec's Consumer Cyber Safety business would be a potential candidate to be taken private in a leveraged buyout due given the relative stability of the segment's revenue and cash flow. Winslow reiterates a Market Perform rating and $25 price target on Symantec's shares.
09/13/19
KEYB
09/13/19
NO CHANGE
Target $340
KEYB
Overweight
Broadcom price target raised to $340 from $330 at KeyBanc
KeyBanc analyst John Vinh raised his price target for Broadcom (AVGO) to $340 from $330 and maintained an Overweight rating, citing the company's solid execution in a challenging environment following the company's "mixed" Q3 results and maintained FY19 outlook, saying strength in networking and ASICs, as well as the ramp of the new iPhone and content growth, offset weakness in storage and broadband. Vinh tells investors in a research note that he expects the close of the Symantec (SYMC) deal will continue to sustain outsized earnings growth.
10/09/19
MSCO
10/09/19
NO CHANGE
MSCO
CIOs see continued pressure on IT budgets in 2020, says Morgan Stanley
Morgan Stanley analysts Katy Huberty, James Faucette and Keith Weiss noted that rising economic uncertainty has been reflected in the firm's past several CIO surveys, with 2019 overall IT budget growth expectations falling for 4 straight quarters. In keeping with that trend, 53% of the CIOs surveyed by the firm expect lower IT budget growth in 2020 and their composite initial read on 2020 IT spending calls for a 100 basis points growth deceleration, the firm's U.S. tech team stated in a note to investors. Among those surveyed, Amazon (AMZN) and Microsoft (MSFT) are seen as having taken over the lead in Artificial Intelligence and Machine Learning while IBM (IBM) "maintains strong mind share," the analysts said. The team continues to favor companies they see as well positioned for key secular trends with good valuation, such as Microsoft, Adobe (ADBE) and Salesforce (CRM), while they are more cautious on legacy players at risk of losing share as organizations move to the cloud, like Symantec (SYMC) and VMware (VMW).

TODAY'S FREE FLY STORIES

EDIT

Editas Medicine

$30.34

-0.6 (-1.94%)

18:02
12/09/19
12/09
18:02
12/09/19
18:02
Hot Stocks
Editas Medicine announces in vivo proof-of-concept data for EDIT-301 »

Editas Medicine announced…

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

MSB

Mesabi Trust

$23.93

0.71 (3.06%)

, CLF

Cleveland-Cliffs

$8.52

0.38 (4.67%)

17:56
12/09/19
12/09
17:56
12/09/19
17:56
Hot Stocks
Mesabi Trust initiates arbitration against Northshore Mining, Cleveland-Cliffs »

The Trustees of Mesabi…

MSB

Mesabi Trust

$23.93

0.71 (3.06%)

CLF

Cleveland-Cliffs

$8.52

0.38 (4.67%)

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

FFBC

First Financial Bancorp

$24.67

0.12 (0.49%)

17:51
12/09/19
12/09
17:51
12/09/19
17:51
Hot Stocks
First Financial Bancorp chairman Davis sells 25,000 common shares »

In a regulatory filing,…

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

GPRE

Green Plains

$14.26

-0.49 (-3.32%)

17:47
12/09/19
12/09
17:47
12/09/19
17:47
Hot Stocks
Green Plains CEO Todd Becker sold over 607K in company shares »

Green Plains CEO Todd…

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

MDT

Medtronic

$111.12

-2.02 (-1.79%)

17:43
12/09/19
12/09
17:43
12/09/19
17:43
Hot Stocks
Medtronic director buys 5K shares of common stock »

In a regulatory filing,…

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

    Feb

VAC

Marriott Vacations

$123.77

-0.1 (-0.08%)

17:41
12/09/19
12/09
17:41
12/09/19
17:41
Hot Stocks
Marriott Vacations raises quarterly dividend to 54c from 45c per share »

The dividend is payable…

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

FSLY

Fastly

$20.82

-0.35 (-1.65%)

17:36
12/09/19
12/09
17:36
12/09/19
17:36
Hot Stocks
Fastly director Sunil Dhaliwal sells almost $576K in company shares »

Fastly director Sunil…

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

  • 09

    Dec

  • 11

    Dec

SFIX

Stitch Fix

$25.17

1.04 (4.31%)

17:36
12/09/19
12/09
17:36
12/09/19
17:36
Hot Stocks
Stitch Fix says saw healthy growth in both women's, men's categories »

Says shows online…

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

  • 09

    Dec

  • 11

    Dec

  • 12

    Dec

  • 19

    Dec

F

Ford

$9.00

-0.015 (-0.17%)

17:32
12/09/19
12/09
17:32
12/09/19
17:32
Hot Stocks
Ford expects to roughly halve 2018 China EBIT loss »

During a meeting with…

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

  • 09

    Dec

  • 10

    Dec

  • 07

    Jan

  • 04

    Feb

VEEV

Veeva

$143.56

-1.115 (-0.77%)

17:28
12/09/19
12/09
17:28
12/09/19
17:28
Hot Stocks
Veeva CMO sells 5K shares of common stock »

In a regulatory filing,…

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

  • 11

    Dec

BLDR

Builders FirstSource

$25.71

0.45 (1.78%)

17:25
12/09/19
12/09
17:25
12/09/19
17:25
Hot Stocks
Builders FirstSource acquires assets of Raney Components, Construction »

Builders FirstSource…

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

  • 19

    Dec

S

Sprint

$5.40

-0.145 (-2.62%)

, TMUS

T-Mobile

$75.90

-1.87 (-2.40%)

17:16
12/09/19
12/09
17:16
12/09/19
17:16
Periodicals
Judge seeks speedy trial over T-Mobile, Sprint deal, WSJ reports »

U.S. District Judge…

S

Sprint

$5.40

-0.145 (-2.62%)

TMUS

T-Mobile

$75.90

-1.87 (-2.40%)

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

  • 09

    Dec

  • 16

    Dec

WEN

Wendy's

$21.72

0.15 (0.70%)

17:15
12/09/19
12/09
17:15
12/09/19
17:15
Hot Stocks
Wendy's sees FY20 FCF of $210M-$220M including impact of settlement »

As a result of the…

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

  • 11

    Dec

BANX

StoneCastle

$22.99

0.25 (1.10%)

17:15
12/09/19
12/09
17:15
12/09/19
17:15
Hot Stocks
Breaking Hot Stocks news story on StoneCastle »

StoneCastle trading…

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

AIZ

Assurant

$130.91

-0.66 (-0.50%)

17:14
12/09/19
12/09
17:14
12/09/19
17:14
Hot Stocks
Assurant director sells 21.8K shares of common stock »

In a regulatory filing,…

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

XAIR

Beyond Air

$4.13

0.005 (0.12%)

17:14
12/09/19
12/09
17:14
12/09/19
17:14
Syndicate
Beyond Air announces offering of common stock, concurrent private placement »

Beyond Air 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

MSFT

Microsoft

$151.35

-0.42 (-0.28%)

, UPWK

Upwork

$11.15

-0.16 (-1.41%)

17:10
12/09/19
12/09
17:10
12/09/19
17:10
Hot Stocks
Upwork CEO Stephane Kasriel to step down, Hayden Brown to succeed »

Upwork (UPWK) announced…

MSFT

Microsoft

$151.35

-0.42 (-0.28%)

UPWK

Upwork

$11.15

-0.16 (-1.41%)

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

  • 09

    Dec

AMZN

Amazon.com

$1,749.61

-1.18 (-0.07%)

, MSFT

Microsoft

$151.35

-0.42 (-0.28%)

17:10
12/09/19
12/09
17:10
12/09/19
17:10
On The Fly
Fly Intel: Wall Street's top stories for Monday »

Stocks slid to kick off…

AMZN

Amazon.com

$1,749.61

-1.18 (-0.07%)

MSFT

Microsoft

$151.35

-0.42 (-0.28%)

ARQL

ArQule

$19.71

10.035 (103.77%)

THOR

Synthorx

$67.72

42.74 (171.10%)

SNY

Sanofi

$45.30

-0.755 (-1.64%)

DPLO

Diplomat Pharmacy

$3.91

-1.91 (-32.82%)

UNH

UnitedHealth

$277.56

-2.62 (-0.94%)

MS

Morgan Stanley

$49.60

-0.2 (-0.40%)

VIAC

ViacomCBS

$38.65

-1.05 (-2.64%)

VIACA

ViacomCBS

$41.78

-1.64 (-3.78%)

FTSV

Forty Seven

$30.44

16.04 (111.39%)

FATE

Fate Therapeutics

$19.32

5.68 (41.64%)

TTWO

Take-Two

$120.07

-3.69 (-2.98%)

THO

Thor Industries

$64.28

-3.485 (-5.14%)

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

  • 09

    Dec

  • 09

    Dec

  • 09

    Dec

  • 09

    Dec

  • 09

    Dec

  • 09

    Dec

  • 09

    Dec

  • 13

    Dec

  • 13

    Dec

  • 13

    Dec

BANX

StoneCastle

$22.99

0.25 (1.10%)

17:09
12/09/19
12/09
17:09
12/09/19
17:09
Hot Stocks
ArrowMark Partners to acquire StoneCastle Asset Management »

StoneCastle Financial…

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

WEN

Wendy's

$21.72

0.15 (0.70%)

17:08
12/09/19
12/09
17:08
12/09/19
17:08
Hot Stocks
Wendy's to realign resources in its information technology organization »

On December 5, the Board…

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

  • 11

    Dec

INVH

Invitation Homes

$30.14

0.12 (0.40%)

17:05
12/09/19
12/09
17:05
12/09/19
17:05
Hot Stocks
Invitation Homes sells 708 Nashville homes to Tricon for $210M »

Invitation Homes…

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

BRO

Brown & Brown

$38.22

-0.14 (-0.36%)

17:04
12/09/19
12/09
17:04
12/09/19
17:04
Hot Stocks
Brown & Brown enters agreement to acquire Special Risk Insurance Managers »

J. Scott Penny, Chief…

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

  • 26

    Feb

PYX

Pyxus

$7.40

-0.345 (-4.45%)

, PM

Philip Morris

$83.60

0.34 (0.41%)

17:02
12/09/19
12/09
17:02
12/09/19
17:02
Hot Stocks
Alliance One expands relationship with Philip Morris' Argentine affiliate »

Alliance One…

PYX

Pyxus

$7.40

-0.345 (-4.45%)

PM

Philip Morris

$83.60

0.34 (0.41%)

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

TSN

Tyson Foods

$89.69

0.2 (0.22%)

17:01
12/09/19
12/09
17:01
12/09/19
17:01
Hot Stocks
Tyson Fresh Meats signs agreement with Republic of Kazakhstan »

Tyson Fresh Meats, the…

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

AES

AES Corp.

$18.79

0.07 (0.37%)

17:01
12/09/19
12/09
17:01
12/09/19
17:01
Hot Stocks
AES Corp. raises quarterly dividend 5% to 14.33 per share »

The board of directors of…

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

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.