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On The Fly
Tesla downgrade, Tesla-linked rating changes among today's top Wall Street calls » 10:05
02/05/20
02/05
10:05
02/05/20
10:05
TSLA

Tesla

$798.50 /

-88.28 (-9.96%)

, DIS

Disney

$142.10 /

-2.73 (-1.88%)

, ALB

Albemarle

$86.63 /

-3.84 (-4.24%)

, BASFY

BASF

$0.00 /

+ (+0.00%)

, COVTY

Covestro

$0.00 /

+ (+0.00%)

, UMICY

Umicore

$0.00 /

+ (+0.00%)

, AKAM

Akamai

$95.29 /

+0.11 (+0.12%)

, FSLY

Fastly

$21.67 /

-1.08 (-4.75%)

, FFIV

F5 Networks

$125.58 /

+2.34 (+1.90%)

Check out today's top…

Open Full Text

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Recommendations
Piper says Disney+ success 'strong positive' for Akamai, Fastly, F5 » 07:39
02/05/20
02/05
07:39
02/05/20
07:39
AKAM

Akamai

$95.18 /

+1.5 (+1.60%)

, FSLY

Fastly

$22.75 /

+0.35 (+1.56%)

, FFIV

F5 Networks

$123.24 /

+1.45 (+1.19%)

, DIS

Disney

$145.05 /

+3.75 (+2.65%)

Disney (DIS) is going to…

Disney (DIS) is going to be a large customer for the content delivery networks given the ramp of Disney+, ESPN+ and Hulu, Piper Sandler analyst James Fish tells investors in a research note. The analyst views the one hour of average Disney+ watching, the quick ramp of paid subs, exit subs across all three services, coming original content, less than 5% content delivery networks cost and future launches of the over-the-stop services into new countries as "strong positives" for content delivery networks. Fastly (FSLY) has the most relative exposure to over-the-top within its business, while Akamai (AKAM) will get the largest traffic share among the CDN vendors, according to Fish. Further, the analyst says he recently learned that F5 Networks' (FFIV) NGINX unit has a utility-based enterprise license agreement with Disney+ that should enable it to also benefit as the streaming service grows. In addition, coronavirus fears may also drive more content delivery network business as consumers stay at home more, argues Fish. He believes the early success of Disney+ is a "strong positive" for Akamai, Fastly and F5 and continues to recommend owning all three stocks.

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Recommendations
Fastly Super Bowl sales rose 10%-15% year-over-year, says Piper Sandler » 06:32
02/03/20
02/03
06:32
02/03/20
06:32
FSLY

Fastly

$22.50 /

-0.8 (-3.43%)

The Super Bowl provided…

The Super Bowl provided another data point for the content delivery network space, and for Fastly specifically, Piper Sandler analyst James Fish tells investors in a research note. The Fastly network was running 37% and 32% higher in terms of data usage relative to the 2019 Super Bowl and entering Super Bowl Sunday 2020, respectively, Fish says. With annual pricing declines in the space of 20%-30%, he believes the event gave Fastly a 10%-15% year-over-year boost in revenue. Over-the-top is gaining traffic over cable and Fastly continues to execute well and gain with its largest customers, contends the analyst. Fish maintains an Overweight rating on Fastly shares with a $24 price target.

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Options
Fastly Inc call volume above normal and directionally bullish » 13:25
01/24/20
01/24
13:25
01/24/20
13:25
FSLY

Fastly

$24.28 /

-0.9 (-3.57%)

Bullish option flow…

Bullish option flow detected in Fastly Inc with 1,833 calls trading, 1.4x expected, and implied vol increasing almost 2 points to 69.06%. Mar-20 40 calls and Feb-20 25 calls are the most active options, with total volume in those strikes near 720 contracts. The Put/Call Ratio is 0.24. Earnings are expected on February 20th.

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Over a month ago
Upgrade
Fly Intel: Top five analyst upgrades » 10:13
01/02/20
01/02
10:13
01/02/20
10:13
CPRI

Capri Holdings

$38.62 /

+0.48 (+1.26%)

, GIII

G-III Apparel

$33.60 /

+0.1 (+0.30%)

, DBI

Designer Brands

$16.09 /

+0.35 (+2.22%)

, FSLY

Fastly

$21.46 /

+1.41 (+7.03%)

, SSTI

ShotSpotter

$26.11 /

+0.62 (+2.43%)

, UAL

United Airlines

$90.22 /

+2.11 (+2.39%)

, PGR

Progressive

$73.40 /

+1.03 (+1.42%)

Catch up on today's…

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Capri Holdings (CPRI), G-III Apparel (GIII), and Designer Brands (DBI) were upgraded to Overweight from Equal Weight at Wells Fargo. 2. Fastly (FSLY) upgraded to Overweight from Neutral at Piper Jaffray with analyst James Fish citing the stock's "compelling valuation" and the headwinds around its GPM and float having played out. 3. ShotSpotter (SSTI) upgraded to Outperform from Market Perform at Northland with analyst Tyler Wood saying he views valuation as attractive following the second half 2019 reset and believes an Outperform rating is warranted given attractive fundamentals combined with conservative guidance and Street expectations. 4. United Airlines (UAL) upgraded to Outperform from In Line at Evercore ISI with analyst Duane Pfennigwerth saying shares trade at a "significant valuation" discount versus peers, combined with a longer-term co-brand credit card economics improvement potential and an Evercore ISI view of improved global GDP growth in 2020. 5. Progressive (PGR) upgraded to Buy from Hold at Deutsche Bank with analyst Joshua Shanker citing the 15% of stock underperformance relative to the S&P500 in Q4 of 2019 and believes that the 70% valuation to the index on a relative price to earnings basis represents a "prospective entry point," which should lead to a "material outperformance" for Progressive shares in the next 12 months. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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Hot Stocks
Fastly rises 6.1% » 09:47
01/02/20
01/02
09:47
01/02/20
09:47
FSLY

Fastly

$21.51 /

+1.46 (+7.28%)

Fastly is up 6.1%, or…

Fastly is up 6.1%, or $1.23 to $21.30.

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Upgrade
Fastly upgraded to Overweight from Neutral at Piper Jaffray » 06:40
01/02/20
01/02
06:40
01/02/20
06:40
FSLY

Fastly

$20.05 /

+0.55 (+2.82%)

Piper Jaffray analyst…

Piper Jaffray analyst James Fish upgraded Fastly to Overweight from Neutral with a $24 price target. The analyst cites the stock's "compelling valuation" and the headwinds around its GPM and float having played out. Fish further expects 2020 to be a "very strong year" for content delivery network space as live media events and new streaming services become more material.

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Conference/Events
Fastly management to meet with Craig-Hallum » 04:55
12/11/19
12/11
04:55
12/11/19
04:55
FSLY

Fastly

$21.04 /

+0.22 (+1.06%)

Meeting to be held in…

Meeting to be held in Chicago on December 11 hosted by Craig-Hallum.

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Conference/Events
Fastly management to meet with Craig-Hallum » 09:51
12/10/19
12/10
09:51
12/10/19
09:51
FSLY

Fastly

$20.87 /

+0.05 (+0.24%)

Meeting to be held in…

Meeting to be held in Chicago on December 11 hosted by Craig-Hallum.

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

Fastly

$20.82 /

-0.35 (-1.65%)

Fastly director Sunil…

Fastly director Sunil Dhaliwal disclosed in a filing that he had sold 27,526 shares of company stock at an average price of $20.92 per share between December 5 and December 6. The total transaction value of the sale was $575,921.

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