Axon invests in Flock Safety for automated license plate reading solution » 07:3804/0204/02/20
Axon has entered into a…
Nektar valuation unlikely to be hurt much by COVID-19, says Mizuho » 07:1404/0204/02/20
Mizuho analyst Difei Yang…
Beyond Meat price target lowered to $72 from $115 at Piper Sandler » 06:0604/0204/02/20
Piper Sandler analyst…
Piper Sandler analyst Michael Lavery lowered the firm's price target on Beyond Meat to $72 from $115 and keeps a Neutral rating on the shares. The analyst expects near-term headwinds in Beyond's restaurant and food service channel, which represent 50% of its sales, from the COVID-19 outbreak. There are many uncertain variables in the current situation, Lavery tells investors in a research note. However, Beyond Meat is an early leader in plant-based meat, which could be a $6B-$8B market by 2025, adds the analyst.
AMC lenders hire lawyers for expected restructuring talks, WSJ says » 15:5704/0104/01/20
Lenders for AMC…
Lenders for AMC Entertainment (AMC) have hired the law firm of Gibson, Dunn & Crutcher for assistance on expected restructuring negotiations, according to the Wall Street Journal's Alexander Gladstone, citing people familiar with the matter. This follows the movie theater-chain's shut down of all of its theaters worldwide for up to twelve weeks due to the coronavirus pandemic. Reference Link
AMC Entertainment drops over 13% on report of restructuring 15:4204/0104/01/20
AMC Entertainment lenders tap Gibson Dunn for restructuring talks, DJ says » 15:4104/0104/01/20
AMC Entertainment (AMC)…
AMC Entertainment (AMC) faces a risk of default following the closure of over 1,000 cinemas world-wide, according to Dow Jones.
Workday call volume above normal and directionally bullish » 14:4504/0104/01/20
Bullish option flow…
Bullish option flow detected in Workday with 2,233 calls trading, 1.1x expected, and implied vol increasing over 3 points to 65.59%. 4/3 weekly 130 calls and Jun-20 160 calls are the most active options, with total volume in those strikes near 760 contracts. The Put/Call Ratio is 0.34. Earnings are expected on May 26th.
Okta announces new strategic partnerships with VMware, CrowdStrike » 10:3904/0104/01/20
OKTA, VMW, CRWD
Okta (OKTA) this morning…
Okta (OKTA) this morning announced new strategic partnerships with endpoint protection and management providers VMware Carbon Black (VMW), CrowdStrike (CRWD), and Tanium. "The new integration partnerships provide a broad set of device risk signals to the Okta Identity Cloud, enabling enterprises to combine endpoint risk detection with user identity to deliver unparalleled access security. Made possible through the new Okta Verify application and the Okta Devices Platform Service, these integrations pave the way to enhanced risk analysis and access decisions in a Zero Trust environment," Okta said in a statement.
Northland starts Zynex at Outperform on pain management potential » 07:5804/0104/01/20
Northland analyst James…
Northland analyst James Terwilliger initiated coverage of Zynex with an Outperform rating and $15 price target. Zynex participates in the pain management and rehabilitation market, which the company estimates is approximately $500M worldwide, Terwilliger tells investors in a research note. The analyst believes the pain management market is experiencing significant disruption due to the safety and legal issues surrounding the opioid epidemic and that Zynex will be able to capture additional share.
Zynex initiated with an Outperform at Northland » 07:4704/0104/01/20
Northland analyst James…
Northland analyst James Terwilliger initiated coverage of Zynex with an Outperform rating and $15 price target.