Breaking News Instant updates and real-time market news.

LITE

Lumentum

$73.70

-0.18 (-0.24%)

09:03
12/02/19
12/02
09:03
12/02/19
09:03

Lumentum to sell certain product lines to AFR

Lumentum Holdings and Advanced Fiber Resources announced they have entered into an agreement whereby AFR will acquire the assets associated with certain Lithium Niobate based optical component product lines from Lumentum that are developed and manufactured by Lumentum's San Donato, Italy site. The transaction is subject to certain customary closing conditions for a transaction of this type and is expected to close early in Lumentum's third quarter of fiscal year 2020. The product lines in the proposed transaction are part of the discontinued Telecom and Datacom product lines that Lumentum previously discussed on its first quarter fiscal year 2020 earnings call on October 31.

  • 03

    Dec

  • 09

    Dec

  • 09

    Dec

LITE Lumentum
$73.70

-0.18 (-0.24%)

11/01/19
RILY
11/01/19
NO CHANGE
Target $75
RILY
Buy
Lumentum price target raised to $75 from $71 at B. Riley FBR
B. Riley FBR analyst Dave Kang raised his price target for Lumentum to $75 from $71 and reiterates a Buy rating on the shares following the company's better than expected fiscal Q1 results. Lumentum's growth prospects "remain compelling" in fiscal 2021, as its lead customer introduces 5G models with world facing sensors, resulting in higher dollar content, Kang tells investors in a research note.
11/11/19
MSCO
11/11/19
DOWNGRADE
Target $68
MSCO
Equal Weight
Lumentum downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Meta Marshall downgraded Lumentum Holdings to Equal Weight from Overweight with a $68 price target.
11/11/19
MSCO
11/11/19
DOWNGRADE
Target $68
MSCO
Equal Weight
Morgan Stanley sees 'low hanging fruit' picked at Lumentum, cuts to Equal Weight
As previously reported, Morgan Stanley analyst Meta Marshall downgraded Lumentum to Equal Weight from Overweight with a price target of $68, up from $65. Operating margins have improved 300-400 basis points year-over-year since the Oclaro transaction closed and 3D sensing inventory correction issues that disrupted the trajectory last year did not repeat this year, noted Marshall, who thinks the "low hanging fruit" has been captured for now given the stock's multiple appreciation. She also notes that the market view that a trade deal will be signed has increased, and while Marshall said she "fully expects" that peak can be achieved when a deal is signed and she does feel like there is pent-up demand out of China, she also thinks enthusiasm could fade back to current levels given orders may not pop back immediately.
11/11/19
11/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst James Faucette saying the stock is up 33% since August as Qualcomm's multiple has expanded relative to other semiconductor companies, which he attributes to the market assigning a high probability of a China-U.S. trade agreement, investors becoming more comfortable in a view that the FTC case won't materially impact the company's business, and expectations for the coming of 5G. 2. Lumentum (LITE) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Meta Marshall saying operating margins have improved 300-400 basis points year-over-year since the Oclaro transaction closed and 3D sensing inventory correction issues that disrupted the trajectory last year did not repeat this year. 3. Cisco (CSCO) downgraded to Neutral from Overweight at Piper Jaffray with analyst James Fish citing a slowing macro environment across Enterprise and Service Provider, cycles hitting a peak earlier this year, a lack of a near-term catalyst, and risk to fiscal 2020 and 2021 estimates for the downgrade. 4. L Brands (LB) downgraded to Hold from Buy at Deutsche Bank with analyst Paul Trussell saying his monthly promo watch indicates promotions remain at elevated levels. 5. Expedia (EXPE) downgraded to Perform from Outperform at Oppenheimer with analyst Jed Kelly citing accelerating paid marketing, ADR pressures and Vrbo losing domestic share, all creating a tougher dynamic to sustain double-digit EBITDA growth than previously thought. 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

HD

Home Depot

$213.09

-1.04 (-0.49%)

08:30
12/06/19
12/06
08:30
12/06/19
08:30
Conference/Events
Home Depot to host investor & analyst meeting »

Investor & Analyst…

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

  • 25

    Feb

ROAD

Construction Partners

$19.32

0.09 (0.47%)

, SEMG

SemGroup

$15.03

(0.00%)

08:30
12/06/19
12/06
08:30
12/06/19
08:30
Options
One new option listing and one option delisting on December 6th »

New option listings for…

ROAD

Construction Partners

$19.32

0.09 (0.47%)

SEMG

SemGroup

$15.03

(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

  • 10

    Dec

AWK

American Water

$123.37

0.92 (0.75%)

08:28
12/06/19
12/06
08:28
12/06/19
08:28
Conference/Events
American Water to host investor day »

Investor day to be held…

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

FITB

Fifth Third

$29.88

0.205 (0.69%)

08:27
12/06/19
12/06
08:27
12/06/19
08:27
Initiation
Fifth Third initiated  »

Fifth Third 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

RHHBY

Roche

$0.00

(0.00%)

08:27
12/06/19
12/06
08:27
12/06/19
08:27
Conference/Events
Roche to hold a conference call »

Nanacy Valente, SVP 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

  • 07

    Dec

  • 09

    Dec

  • 16

    Dec

DOCU

DocuSign

$69.51

-0.465 (-0.66%)

08:26
12/06/19
12/06
08:26
12/06/19
08:26
Recommendations
DocuSign analyst commentary  »

DocuSign price target…

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

ALXN

Alexion

$107.42

-8.07 (-6.99%)

08:26
12/06/19
12/06
08:26
12/06/19
08:26
Hot Stocks
Breaking Hot Stocks news story on Alexion »

Alexion trading halted,…

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

  • 07

    Dec

  • 16

    Dec

CLDR

Cloudera

$10.02

0.16 (1.62%)

08:25
12/06/19
12/06
08:25
12/06/19
08:25
Recommendations
Cloudera analyst commentary  »

Cloudera price target…

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

WWD

Woodward

$119.72

0.73 (0.61%)

08:25
12/06/19
12/06
08:25
12/06/19
08:25
Conference/Events
Woodward to host investor & analyst meeting »

Investor & Analyst…

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

    Dec

$DJT

DJ Transportation Average

$0.00

(0.00%)

08:24
12/06/19
12/06
08:24
12/06/19
08:24
Technical Analysis
DJ Transportation Average: Pivot points »

The following are 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

$DJU

DJ Utility Average

$0.00

(0.00%)

08:24
12/06/19
12/06
08:24
12/06/19
08:24
Technical Analysis
DJ Utility Average: Pivot points »

The following are 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

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

08:24
12/06/19
12/06
08:24
12/06/19
08:24
Technical Analysis
Dow Jones Industrial Average: Pivot points »

The following are 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

IYT

iShares Transportation Average

$190.10

-0.08 (-0.04%)

08:24
12/06/19
12/06
08:24
12/06/19
08:24
Technical Analysis
iShares Transportation Average: Pivot points »

The following are 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

XLK

Technology Select Sector SPDR

$86.81

0.36 (0.42%)

08:23
12/06/19
12/06
08:23
12/06/19
08:23
Technical Analysis
Technology Select Sector SPDR: Pivot points »

The following are 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

XLE

Energy Select Sector SPDR

$58.61

-0.28 (-0.48%)

08:23
12/06/19
12/06
08:23
12/06/19
08:23
Technical Analysis
Energy Select Sector SPDR: Pivot points »

The following are 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

XLY

Consumer Discretionary Sector SPDR

$120.78

-0.11 (-0.09%)

08:23
12/06/19
12/06
08:23
12/06/19
08:23
Technical Analysis
Consumer Discretionary Sector SPDR: Pivot points »

The following are 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

XLB

S&P Select Materials SPDR

$59.46

0.39 (0.66%)

08:23
12/06/19
12/06
08:23
12/06/19
08:23
Technical Analysis
S&P Select Materials SPDR: Pivot points »

The following are 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

XLU

Utilities SPDR

$63.40

0.1 (0.16%)

08:22
12/06/19
12/06
08:22
12/06/19
08:22
Technical Analysis
Utilities SPDR: Pivot points »

The following are 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

XLP

Consumer Staples Sector SPDR

$62.45

-0.01 (-0.02%)

08:22
12/06/19
12/06
08:22
12/06/19
08:22
Technical Analysis
Consumer Staples Sector SPDR: Pivot points »

The following are 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

CS

Credit Suisse

$13.00

0.05 (0.39%)

08:22
12/06/19
12/06
08:22
12/06/19
08:22
Conference/Events
Credit Suisse to host investor day »

Investor day to be held…

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

XLV

Health Care Select Sector SPDR

$99.77

0.02 (0.02%)

08:22
12/06/19
12/06
08:22
12/06/19
08:22
Technical Analysis
Health Care Select Sector SPDR: Pivot points »

The following are 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

LULU

Lululemon

$230.74

5.2 (2.31%)

08:22
12/06/19
12/06
08:22
12/06/19
08:22
Recommendations
Lululemon analyst commentary  »

Lululemon price target…

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

IWM

iShares Trust Russell 2000 Index Fund

$160.95

0.12 (0.07%)

08:21
12/06/19
12/06
08:21
12/06/19
08:21
Technical Analysis
iShares Trust Russell 2000 Index Fund: Pivot points »

The following are 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

DIA

Diamonds Fund ETF

$277.36

0.33 (0.12%)

08:21
12/06/19
12/06
08:21
12/06/19
08:21
Technical Analysis
Diamonds Fund ETF: Pivot points »

The following are 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

SPY

SPDR S&P 500 ETF Trust

$312.08

0.61 (0.20%)

08:21
12/06/19
12/06
08:21
12/06/19
08:21
Technical Analysis
SPDR S&P 500 ETF Trust: Pivot points »

The following are 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

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.