FireEye call volume above normal and directionally bullish » 12:2502/2102/21/20
Bullish option flow…
Bullish option flow detected in FireEye with 18,442 calls trading, 1.4x expected, and implied vol increasing over 9 points to 54.62%. Mar-20 17 calls and 2/28 weekly 16 calls are the most active options, with total volume in those strikes near 9,100 contracts. The Put/Call Ratio is 0.06. Earnings are expected on April 28th.
Fly Intel: Pre-market Movers » 09:0002/2102/21/20
S, TMUS, CHWY, DE, DBX, SFM, CNK, FSLR, TRUE, ZS, AGRX, BXC
HIGHER: Sprint (S), up 6%…
HIGHER: Sprint (S), up 6% after modifying the T-Mobile (TMUS) combination agreement and announcing the deal could close as early as April 1... Chewy (CHWY), up 4% after RBC Capital analyst Mark Mahaney upgraded shares to Outperform from Sector Perform with an unchanged $38 price target. The analyst sees FY20 as a profitability inflection year for the company and believes that the stock offers a "highly favorable" risk-reward. UP AFTER EARNINGS: Deere (DE), up 6%... Dropbox (DBX), up 15%... Sprouts Farmers Market (SFM), up 9%. DOWN AFTER EARNINGS: Cinemark (CNK), down 5%... First Solar (FSLR), down 10%... TrueCar (TRUE), down 28%... Zscaler (ZS), down 13%. ALSO LOWER: T-Mobile, down 1% after Raymond James analyst Ric Prentiss downgraded the stock to Outperform from Strong Buy with a price target of $107, up from $99... Agile Therapeutics (AGRX), down 13% after its 15M share spot secondary offering priced at $3.00 per share... BlueLinx Holdings (BXC), down 28% after the company responded to a press release issued by an investment firm that goes by the name of Bluefin Acquisitions, which claimed that it was making a tender offer to acquire at least 35% of the company's common stock at a price of $24.50 per share. "The company was not aware of this purported offer," BlueLinx stated in its response last night after the market close.
Zscaler weakness a buying opportunity, says Cowen » 07:3502/2102/21/20
Cowen analyst Nick Yako…
Zscaler price target raised to $58 from $50 at Rosenblatt » 06:5902/2102/21/20
Rosenblatt analyst Yun…
Fly Intel: After Hours Movers » 19:0302/2002/20/20
EHTH, AERI, ZIXI, BAND, DBX, NCMI, TXRH, SFM, GLOB, SSRM, PRA, CATM, SBAC, FND, BXRX, S, TRUE, FSLR, LTHM, ZS, APPN, CNDT, BOOM, PBYI, BLDR, FSLY, BYD, ENV, CUBE, BJRI, ROG, COG, OLED, OEC, NBR, CVA, VICI, ASPN, FIT
UP AFTER EARNINGS:…
UP AFTER EARNINGS: eHealth (EHTH) up 17.7%... Aeri Pharma (AERI) up 15.1%... Zix Corp (ZIXI) up 11.9%... Bandwidth (BAND) up 11.7%... Drobox (DBX) up 10.9%... National CineMedia (NCMI) up 8.0%... Texas Roadhouse (TXRH) up 7.2%... Sprouts Farmers (SFM) up 6.1%... Globant (GLOB) up 5.1%... SSR Mining (SSRM) up 4.4%... Pro Assurance (PRA) up 3.2%... Cardtronics (CATM) up 2.4%... SBA Communications (SBAC) up 1.9%... Floor&Decor (FND) up 1.4%. ALSO HIGHER: Baudax Bio (BXRX) up 21.5% after FDA approval of Anjeso for pain management... Sprint (S) up 5.2% after modifying T-Mobile combination closing as early as Apr. 1st. DOWN AFTER EARNINGS: TrueCar (TRUE) down 23.5%... First Solar (FSLR) down 13.7%... Livent Corp (LTHM) down 13.2%... Zscaler (ZS) down 12.3%... Appian Corp (APPN) down 10.6%... Conduent (CNDT) down 9.7%... DMC Global (BOOM) down 9.7%... Puma Biotechnology (PBYI) down 8.1%... Builders FirstSource (BLDR) down 7.7%... Fastly (FSLY) down 5.7%... Boyd Gaming (BYD) down 5.0%... Envestnet (ENV) down 4.3%... CubeSmart (CUBE) down 4.1%... BJ's Restaurants (BJRI) down 3.9%... Rogers Corp (ROG) down 3.9%... Cabot Oil (COG) down 3.8%... Universal Displays (OLED) down 2.9%... Orion Engineered Carbons (OEC) down 2.6%... Nabors (NBR) down 2.6%... Covanta Holding (CVA) down 2.4%... Vici Properties (VICI) down 1.9%... Aspen Aerogels (ASPN) down 1.6%... Fitbit (FIT) down 1.2%. Movers as of 18:30ET.
Zscaler sees FY20 EPS 14c-16c, consensus 15c » 16:3102/2002/20/20
Sees FY20 revenue…
Sees FY20 revenue $414M-$417M, consensus $410.38M.
Zscaler sees Q3 EPS 1c-3c, consensus 4c » 16:2902/2002/20/20
Sees Q3 revenue…
Sees Q3 revenue $105M-$107M, consensus $104.6M.
Zscaler reports Q2 EPS 9c, consensus 3c » 16:2702/2002/20/20
Reports Q2 revenue…
Reports Q2 revenue $101.3M, consensus $98.97M.
Zscaler options imply 16.1% move in share price post-earnings » 15:0402/2002/20/20
Pre-earnings options volume in Zscaler is 3.2x normal with calls leading puts 7:3. Implied volatility suggests the market is anticipating a move near 16.1%, or $10.43, after results are released. Median move over the past eight quarters is 15.5%.
Notable companies reporting after market close » 14:0302/2002/20/20
SBAC, ED, OLED, ZS, DBX, COG, FSLR, GMED, FND, TXRH, BYD, BLDR, FSLY, SFM, FIT
Notable companies reporting after the market close, with earnings consensus, include SBA Communications (SBAC), consensus 39c... Consolidated Edison (ED), consensus 80c... Universal Display (OLED), consensus 74c... Zscaler (ZS), consensus 3c... Dropbox (DBX), consensus 14c... Cabot Oil & Gas (COG), consensus 30c... First Solar (FSLR), consensus $2.72... Globus Medical (GMED), consensus 52c... Floor & Decor (FND), consensus 21c... Texas Roadhouse (TXRH), consensus 52c... Boyd Gaming (BYD), consensus 47c... Builders FirstSource (BLDR), consensus 35c... Fastly (FSLY), consensus (11c)... Sprouts Farmers (SFM), consensus 13c... Fitbit (FIT), consensus 3c.