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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
VZ
Oct 20, 2020 | 13:28 EDT
Notable companies reporting before tomorrow's open, with earnings consensus, include Verizon (VZ), consensus $1.22... Abbott (ABT), consensus 90c... Thermo Fisher (TMO), consensus $4.31... NextEra Energy (NEE), consensus $2.58... Biogen (BIIB), consensus $8.13... Baker Hughes (BKR), consensus 4c... KeyCorp (KEY), consensus 37c... Knight-Swift (KNX), consensus 63c... Interpublic Group (IPG), consensus 33c... AutoNation (AN), consensus $1.60... Winnebago (WGO), consensus 90c.
EA
Oct 20, 2020 | 12:37 EDT
For this week's edition of "Game On," The Fly spoke with SunTrust analyst Matthew Thornton on a variety of gaming subjects, including the upcoming earnings season for big publishers, cloud gaming, and more. NEW CONSOLES: Both... To see the rest of the story go to thefly.com. See Story Here
VZ
Oct 19, 2020 | 14:36 EDT
Verizon (VZ) announced that it is joining forces with Microsoft (MSFT) to "create new ways for enterprises to accelerate the delivery of fast and secure 5G applications, benefiting from reliable and low latency connections." Verizon said: "The collaboration brings Azure cloud and edge capabilities together with Verizon's on-site 5G Edge, a mobile edge computing platform designed to enable developers to build applications for mobile end-users and wireless edge devices with ultra-low latency. By providing on-site private 5G, businesses will realize increased power efficiencies and reduced costs of end user devices, while helping to address their privacy and security needs." Moving forward, Verizon will explore opportunities to co-innovate with Microsoft to deliver new value to industries ranging from manufacturing to healthcare, the company added.