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Fly News Breaks for April 4, 2018
Apr 4, 2018 | 10:31 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PTC Therapeutics (PTCT) downgraded to Underweight from Equal Weight at Barclays with analyst Gena Wang saying she sees limited upside to 2018 revenue expectations and believes PTC's growth trajectory is fully priced in at current valuation levels. 2. Cloudera (CLDR) downgraded to Neutral from Overweight at JPMorgan and to Hold from Buy at Deutsche Bank. 3. Domino's Pizza (DPZ) downgraded to Hold from Buy at Deutsche Bank with analyst Brett Levy citing valuation. 4. Virtusa (VRTU) downgraded to Hold from Buy at SunTrust with analyst Frank Atkins saying while Virtusa stock has risen 166% since November of 2016, future upside may be more limited. 5. ResMed (RMD) downgraded to Neutral from Buy at Citi with analyst Victor Windeyer citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, Reference Link
News For PTCT;CLDR;DPZ;VRTU;RMD From the Last 2 Days
Oct 16, 2018 | 15:01 EDT
Cloudera announced a strategic partnership with NEC Corporation to accelerate the use of big data. Through this strategic partnership, customers will be able to obtain NEC's advanced technical, consulting and support services, and access to Cloudera's data management software, Cloudera Enterprise.
Oct 16, 2018 | 09:05 EDT
In later pre-market trading the stock was last down over 3.6% to $263.06. At that price next support is at the $262 area. Resistance is at $263.97. The stock had been down over 6% at one point following earnings news but has since recovered nearly half of the losses.
Oct 15, 2018 | 12:49 EDT
Notable companies reporting before tomorrow's open, with earnings consensus, include Johnson & Johnson (JNJ), consensus $2.03... UnitedHealth (UNH), consensus $3.29... Goldman Sachs (GS), consensus $5.38... Morgan Stanley (MS), consensus $1.02... BlackRock (BLK), consensus $6.84... Prologis (PLD), consensus 35c... Progressive (PGR), consensus $1.12... W.W. Grainger (GWW), consensus $3.94... Omnicom (OMC), consensus $1.21... Comerica (CMA), consensus $1.76... J.B. Hunt (JBHT), consensus $1.39... Domino's Pizza (DPZ), consensus $1.75... First Horizon National (FHN), consensus 36c.