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Fly News Breaks for February 3, 2020
NOC, VIAC, VZ, XOM, EA
Feb 3, 2020 | 10:13 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Northrop Grumman (NOC) double-downgraded to Sell from Buy at Goldman Sachs with analyst Noah Poponak saying while the company saw "multiple new large program wins," its 2019 revenue was below its target and its growth rate was also less than the industry. 2. Electronic Arts (EA) downgraded to Market Perform from Outperform at BMO Capital with analyst Gerrick Johnson saying the shares "could stall" as the Street grows concerned over uncertainty around monetization of current titles and a "haphazard" fiscal 2021 lineup. 3. Exxon Mobil (XOM) downgraded to Sell from Neutral at Goldman Sachs with analyst Neil Mehta saying after the company's Q4 results, the analyst sees downside to long-term consensus estimates, an elevated relative valuation versus peers, a lack of free cash flow limiting capital returns, and risk to long-term return on capital employed targets. 4. Verizon (VZ) downgraded to Neutral from Outperform at Credit Suisse with analyst Douglas Mitchelson saying he does not see any near-term catalysts for the shares. 5. ViacomCBS (VIAC) downgraded to Neutral from Outperform at Credit Suisse with analyst Douglas Mitchelson citing the "second meaningful" downward free cash flow revision post the Viacom/CBS merger announcement for the downgrade. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For EA;XOM;VZ;VIAC;NOC From the Last 2 Days
EA
Sep 22, 2021 | 17:21 EDT
In a regulatory filing, Electronic Arts disclosed that its CEO Andrew Wilson sold 10K shares of common stock on September 21st in a total transaction size of $1.28M, reducing his stake by about 5%.
VZ
Sep 22, 2021 | 09:11 EDT
Mobility Workx and Verizon Wireless reached a licensing agreement and ended a four-year patent dispute over Mobility Workx's wireless patent portfolio. Principals of Mobility Workx, Dr. Edwin Hernandez and Dr. Sumi Helal, were present at the settlement negotiation. The licensed patents were invented around 2002 as part of Dr. Hernandez' doctoral research at the University of Florida that was directed by Dr. Helal at his Mobile Computing Lab. In early 2000s, Dr. Helal was the director of the Mobile Computing Lab where he directed the inception and creation of many innovative technologies that were envisioned decades before their realization into actual wireless networks and mobile computing devices that we have and use today on a daily basis.
VZ
Sep 22, 2021 | 08:41 EDT
Verizon Frontline has been awarded the contract to deliver connectivity and smartphones for the Harris County, Texas Emergency Services District, or ESD, No. 11. Verizon Frontline delivers the advanced network and technology first responders need to achieve their mission. Verizon Frontline will deliver network and smartphones for use in Harris County ESD No. 11 Emergency Medical Services trucks and ambulances.
EA
Sep 22, 2021 | 12:30 EDT
"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: This... To see the rest of the story go to thefly.com. See Story Here
VZ
Sep 21, 2021 | 09:59 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. MORE BULLISH ON... To see the rest of the story go to thefly.com. See Story Here