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VMW

VMware

$151.00

2.27 (1.53%)

, TSLA

Tesla

$352.40

3.58 (1.03%)

18:42
12/11/19
12/11
18:42
12/11/19
18:42

VMware's Poonen: Our networking business is on fire

In an interview on CNBC's Mad Money, VMware (VMW) COO, customer operations Sanjay Poonen said: We are the Tesla (TSLA) of networking... Everything we do is for the long term... We're going to become the indispensable nervous system for companies... Two key words customers are talking about are migration and modernization...Our partnership with Dell (DELL) is better than ever... Our business in China is growing.

VMW

VMware

$151.00

2.27 (1.53%)

TSLA

Tesla

$352.40

3.58 (1.03%)

DELL

Dell Technologies

$47.73

0.37 (0.78%)

  • 11

    Dec

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    Dec

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    Dec

  • 07

    Jan

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    Jan

  • 09

    Jan

  • 27

    Feb

VMW VMware
$151.00

2.27 (1.53%)

12/10/19
PIPR
12/10/19
INITIATION
Target $170
PIPR
Overweight
VMware initiated with an Overweight at Piper Jaffray
Piper Jaffray analyst James Fish initiated coverage of VMware with an Overweight rating and $170 price target. VMware is one of the few companies that has a true hybrid cloud strategy, and hybrid cloud "is here for the medium-term," Fish tells investors in a research note.
11/27/19
RBCM
11/27/19
NO CHANGE
Target $200
RBCM
Outperform
VMware price target raised to $200 from $190 at RBC Capital
RBC Capital analyst Matthew Hedberg raised his price target on VMware to $200 and kept his Outperform rating after its Q3 earnings beat and raised FY20 guidance, noting that the management appears to be "more optimistic" about the company's FY21 outlook with low-double-digit revenue growth forecast. The analyst maintains his view that VMware is "well positioned" to invest in the hybrid-cloud offerings, also citing the company's strong results globally, including in China.
11/27/19
WELS
11/27/19
NO CHANGE
Target $200
WELS
Outperform
VMware price target raised to $200 from $180 at Wells Fargo
Earlier this morning, Wells Fargo analyst Philip Winslow reiterated his Outperform rating on VMware and increased his price target on the stock to $200 from $180 after the company reported what he called "strong" Q3 results with continuing sales momentum. The company also gave above-consensus FY21 revenue guidance that he sees reinforcing his view that VMware's revenue growth will be sustainable.
12/05/19
BOFA
12/05/19
DOWNGRADE
Target $140
BOFA
Underperform
F5 Networks downgraded two notches to Underperform from Buy at BofA/Merrill
BofA/Merrill analyst Tal Liani double-downgraded F5 Networks (FFIV) to Underperform from Buy with a price target of $140, down from $185. The analyst warns about pressure on the company's revenue growth amid a "secular shift in demand from appliance-based Application Delivery Controllers to software and cloud-based solutions", which has weighed on pricing and also brought in competition from VMware (VMW), Amazon (AMZN), Google (GOOG) along with content delivery network providers like Akamai (AKAM). Liani's new price target assumes a forward earnings multiple of 13-times, down from 16.5-times in his prior model.
TSLA Tesla
$352.40

3.58 (1.03%)

12/11/19
BARD
12/11/19
NO CHANGE
Target $355
BARD
Outperform
Baird sees several drivers of earnings growth at Tesla
Baird analyst Ben Kallo keeps his Outperform rating and $355 price target on Tesla after his factory tour of the company's Fremont facility, saying the set-up on the stock remains positive heading into 2020 with "several drivers of earnings growth" in the intermediate term. The analyst cites the ramp of Model 3 production in Fremont and China, the launch of Model Y with volume production expected mid-2020, and FCA credits as Tesla's key factors. Kallo adds that the company's focus on profitability will coincide with multiple expansion.
12/10/19
BNPP
12/10/19
NO CHANGE
Target $400
BNPP
Buy
Tesla price target raised to $400 from $300 at BNP Paribas
BNP Paribas analyst Stuart Pearson raised his price target on Tesla to $400 from $300 and reiterated a Buy rating on shares.
12/06/19
MSCO
12/06/19
NO CHANGE
Target $250
MSCO
Equal Weight
Morgan Stanley, still not bullish longer term, ups Tesla 'bull case' to $500
Morgan Stanley analyst Adam Jonas raised his "bull case" for Tesla shares to $500 from $440 while keeping an Equal Weight rating on the name with a $250 price target. Tesla closed Thursday down $2.66 to $330.37. The analyst's higher bull case reflects the potential success of the Cybertruck and incorporates the "bull case potential" of China. However, Jonas' "base case" forecast of $250 per share remains unchanged, which he notes is fairly square at the midpoint of his $500 bull case and $10 bear case. "To be clear, we are not bullish on Tesla longer term," Jonas tells investors in a research note. He believes that over time, Tesla could be perceived by the market more and more like a traditional auto manufacturer. The analyst says that while he's prepared for a potential surge in sentiment through the first half of 2020, he questions the sustainability.
12/04/19
SBSH
12/04/19
NO CHANGE
Target $222
SBSH
Sell
Tesla price target raised to $222 from $191 at Citi
Citi analyst Itay Michaeli raised his price target for Tesla to $222 from $191 while keeping a Sell rating on the shares. The analyst rescinded his 2019 and 2020 earnings estimates to reflect the Q3 beat and expected Model Y pull-forward. He also introduced a 2020 earnings per share estimate of $13.33. Michaeli, however, still views Tesla's risk/reward profile as unattractive.
DELL Dell Technologies
$47.73

0.37 (0.78%)

11/27/19
FBCO
11/27/19
NO CHANGE
Target $55
FBCO
Neutral
Dell Technologies price target lowered to $55 from $61 at Credit Suisse
Credit Suisse analyst Matthew Cabral lowered his price target for Dell Technologies to $55 from $61 saying the company reported "mixed" Q3 results, with a revenue shortfall that was more than offset by margin upside to drive an earnings beat. Looking ahead, the updated fiscal 2020 guidance implies Q4 revenue growth could swing negative year-over-year, Cabral tells investors in a research note. He believes the demand environment for enterprise hardware remains soft and keeps a Neutral rating on Dell.
11/21/19
11/21/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Noble Energy (NBL) initiated with a Buy at MKM Partners. 2. Smith & Nephew (SNN) initiated with a Buy at Citi. 3. Dell Technologies (DELL) initiated with a Neutral at Nomura Instinet. 4. Virgin Galactic (SPCE) initiated with an Outperform at Credit Suisse. 5. Alector (ALEC) initiated with a Buy at BTIG. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/21/19
NOMU
11/21/19
INITIATION
Target $60
NOMU
Neutral
Nomura starts Dell at Neutral, says 'not compelling' without VMware
Nomura Instinet analyst Jeffrey Kvaal initiated coverage of Dell Technologies (DELL) with a Neutral rating and $60 price target. The analyst believes "classic Dell has positives that may fade," threatened by public cloud growth, and notes that Dell is exposed to a softening macro climate. As such, investors may choose to invest in VMware's (VMW) growth directly, Kvaal tells investors in a research note. The analyst says Dell is "not compelling" without VMware.
11/21/19
NOMU
11/21/19
INITIATION
Target $60
NOMU
Neutral
Dell Technologies initiated with a Neutral at Nomura Instinet
Nomura Instinet analyst Jeffrey Kvaal initiated coverage of Dell Technologies with a Neutral rating and $60 price target.

TODAY'S FREE FLY STORIES

AMRC

Ameresco

$19.78

-0.1 (-0.50%)

04:55
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HRB

H&R Block

$24.48

-0.48 (-1.92%)

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MSM

MSC Industrial

$76.89

-1.58 (-2.01%)

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FB

Facebook

$222.01

0.23 (0.10%)

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SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

, SPX

S&P 500

$0.00

(0.00%)

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SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

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$0.00

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TSLA

Tesla

$510.34

-3.065 (-0.60%)

16:33
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16:33
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JPM

JPMorgan

$138.15

0.89 (0.65%)

, BNPQY

BNP Paribas

$0.00

(0.00%)

16:28
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Periodicals
JPMorgan to acquire former BNP building in Paris, Bloomberg reports »

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JPM

JPMorgan

$138.15

0.89 (0.65%)

BNPQY

BNP Paribas

$0.00

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03/06/13
Citigroup
03/06/13
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BAC

Bank of America

$34.70

-0.03 (-0.09%)

16:25
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16:25
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Periodicals
CEO tells FT Bank of America aims to 'double' slice of U.S. retail business »

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CEL

Cellcom Israel

$3.18

(0.00%)

16:16
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Cellcom Israel announces CTO resignation »

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VRCA

Verrica Pharmaceuticals

$15.94

0.21 (1.34%)

16:12
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Verrica announces presentation of data from Phase 3 CAMP trials of VP-102 »

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SO

Southern Company

$67.25

1.08 (1.63%)

, XEL

Xcel Energy

$65.38

0.34 (0.52%)

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SO

Southern Company

$67.25

1.08 (1.63%)

XEL

Xcel Energy

$65.38

0.34 (0.52%)

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LIZI

Lizhi

$11.72

(0.00%)

, DNK

Phoenix Tree

$13.50

(0.00%)

09:10
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LIZI

Lizhi

$11.72

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DNK

Phoenix Tree

$13.50

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VEL

Velocity Financial

$13.58

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IMAB

I-MAB

$12.90

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BSBK

Bogota Financial

$11.70

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TLGT

Teligent

$0.40

-0.0025 (-0.62%)

15:53
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AYTU

Aytu BioScience

$0.80

0.0014 (0.18%)

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DVA

DaVita

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  • 23

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TSM

TSMC

$58.58

-0.18 (-0.31%)

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KKR

KKR

$31.20

0.7 (2.30%)

, APO

Apollo Global

$50.35

1.26 (2.57%)

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KKR

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$31.20

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APO

Apollo Global

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ARES

Ares Management

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BX

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CG

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HLNE

Hamilton Lane

$67.25

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SPCE

Virgin Galactic

$15.65

0.685 (4.58%)

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SPCE

Virgin Galactic

$15.65

0.685 (4.58%)

TWNK

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$14.03

0.02 (0.14%)

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GOOG

Alphabet

$1,480.28

28.34 (1.95%)

, NFLX

Netflix

$339.56

0.89 (0.26%)

08:47
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GOOG

Alphabet

$1,480.28

28.34 (1.95%)

NFLX

Netflix

$339.56

0.89 (0.26%)

CMCSK

Comcast

$0.00

(0.00%)

CMCSA

Comcast

$47.48

0.62 (1.32%)

GOOGL

Alphabet Class A

$1,479.12

29.29 (2.02%)

03/08/13
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JWN

Nordstrom

$40.34

-0.15 (-0.37%)

, WMT

Walmart

$114.93

-0.96 (-0.83%)

08:36
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JWN

Nordstrom

$40.34

-0.15 (-0.37%)

WMT

Walmart

$114.93

-0.96 (-0.83%)

CSPR

Casper Sleep

$0.00

(0.00%)

03/08/13
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BA

Boeing

$324.11

-7.89 (-2.38%)

, DDAIF

Daimler AG

$0.00

(0.00%)

08:12
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On The Fly
Week in Review: How Trump's policies moved stocks »

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BA

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$324.11

-7.89 (-2.38%)

DDAIF

Daimler AG

$0.00

(0.00%)

FCAU

Fiat Chrysler

$13.76

-0.14 (-1.01%)

VWAGY

Volkswagen

$0.00

(0.00%)

FSLR

First Solar

$53.51

-0.42 (-0.78%)

AAPL

Apple

$318.66

3.33 (1.06%)

DQ

Daqo New Energy

$53.61

-0.025 (-0.05%)

03/08/13
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  • 28

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SPOT

Spotify

$148.20

-3.59 (-2.37%)

18:15
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01/17
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Spotify in talks to acquire The Ringer, WSJ reports »

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  • 05

    Feb

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