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News Breaks
January 14, 2013
10:33 EDTCSCOCisco rises after two analysts boost rating on shares
Cisco Systems (CSCO) is advancing after two analysts upgraded the stock in notes to investors earlier today. William Blair analyst Jason Ader upgraded the shares to Outperform from Market Perform. The company has taken several positive steps, including reducing its costs, instituting a dividend, and getting out of consumer businesses at which it did not excel, Ader wrote. Moreover, looming threats to Cisco's business will not emerge as quickly as previously expected, and the company should continue to execute well, the analyst added. Cisco's stock is relatively safe and inexpensive, Ader believes. Meanwhile, Robert W. Baird analyst Jayson Noland raised the stock to Outperform from Neutral. The firm's research indicates that Cisco is executing very well, Noland wrote. Like Ader, Noland believes that the company has been boosted by its restructuring efforts, while it's unlikely to be threatened by new software networking technologies in the near future. Noland identified Cisco as his favorite large cap stock for 2013, and he increased his price target on the shares to $25 from $21. In mid-morning trading, Cisco rose 30c, or 1.46%, to $20.78.
News For CSCO From The Last 14 Days
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February 10, 2016
16:07 EDTCSCOCisco reports Q2 EPS 57c, consensus 54c
Reports Q2 revenue ex SP Video CPE Business $11.8B, consensus $11.76B.
16:00 EDTCSCOOptions Update; February 10, 2016
iPath S&P 500 VIX Short-Term Futures up 18c to 28.06. Option volume leaders: AAPL FB BAC TWTR DIS NFLX TSLA MSFT CSCO ETE CBOE Volatility Index VIX -24c to 26.30, intra-day range 24.47 to 26.60 cboe.com/VIX
15:13 EDTCSCOCisco February weekly 22.5 straddle priced for 6.4% movement into Q2
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14:32 EDTCSCONotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Cisco (CSCO), consensus 54c... Tesla (TSLA), consensus 8c... Twitter (TWTR), consensus 12c... Whole Foods (WFM), consensus 40c... Mylan (MYL), consensus $1.27... Expedia (EXPE), consensus $1.00... Prudential Financial (PRU), consensus $2.30... O'Reilly Automotive (ORLY), consensus $2.08... Pioneer Natural Resources (PXD), consensus (30c)... Skechers (SKX), consensus 20c... Zynga (ZNGA), consensus 0c.
13:38 EDTCSCOCisco volatility elevated into Q2 and outlook
Cisco February weekly call option implied volatility is at 101, February is at 52, March is at 36; compared to its 52-week range of 15 to 37, suggesting large near term price movement into the expected release of Q4 results today.
09:38 EDTCSCOActive equity options trading on open; FB NFLX INTC DIS AAPL BAC CSCO JNJ SCTY
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February 9, 2016
16:09 EDTCSCOOptions Update; February 9, 2016
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15:07 EDTCSCOOption volume leaders: FB AAPL BAC MSFT NFLX TWTR GE MU DIS TSLA CSCO C GM
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15:02 EDTCSCOCisco volatility elevated into Q2 and outlook
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09:09 EDTCSCOGoldman to hold a conference
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February 8, 2016
10:00 EDTCSCOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: A-Mark Precious Metals (AMRK) downgraded to Neutral from Buy at B. Riley... Antero Midstream (AM) downgraded to Neutral from Outperform at Baird... AstraZeneca (AZN) downgraded to Hold from Buy at HSBC... Baker Hughes (BHI) downgraded to Equal Weight at Morgan Stanley... Brixmor (BRX) downgraded to Neutral from Outperform at Boenning & Scattergood... CBOE Holdings (CBOE) downgraded to Underperform from Outperform at CLSA... Cisco (CSCO) downgraded to Buy from Conviction Buy at Goldman... Citi Trends (CTRN) downgraded to Neutral from Buy at MKM Partners... Commerzbank (CRZBY) downgraded to Underperform from Market Perform at Keefe Bruyette... DexCom (DXCM) downgraded to Neutral from Outperform at Baird... EnLink Midstream (ENLC) downgraded to Underperform from Outperform at Baird... Energy Transfer Equity (ETE) downgraded to Neutral from Outperform at Baird... Energy Transfer Partners (ETP) downgraded to Neutral from Outperform at Baird... Eversource (ES) downgraded to Equal Weight from Overweight at Barclays... Genesis Healthcare (GEN) downgraded to Sell from Neutral at UBS... Givaudan (GVDNY) downgraded to Neutral from Buy at Goldman... HSBC (HSBC) downgraded to Underweight from Equal Weight at Morgan Stanley... Nomura (NMR) downgraded to Hold from Buy at Deutsche Bank... Novo Nordisk (NVO) downgraded to Sell from Neutral at UBS... ONEOK Partners (OKS) downgraded to Underperform from Neutral at Baird... ONEOK (OKE) downgraded to Neutral from Outperform at Baird... PPL Corp. (PPL) downgraded to Hold from Buy at Evercore ISI... Plains All American (PAA) downgraded to Underperform from Outperform at Baird... Plains GP Holdings (PAGP) downgraded to Underperform from Neutral at Baird... Quanta Services (PWR) downgraded to Neutral from Buy at UBS... Ralph Lauren (RL) downgraded to Neutral from Overweight at Atlantic Equities... Sparton (SPA) downgraded to Market Perform from Outperform at Barrington... Tableau (DATA) downgraded to Equal Weight at Morgan Stanley... Tallgrass Energy GP (TEGP) downgraded to Neutral from Outperform at Baird... WisdomTree (WETF) downgraded to Underperform from Market Perform at Keefe Bruyette.
10:00 EDTCSCOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Amedisys (AMED) upgraded to Outperform from Perform at Oppenheimer... American Campus (ACC) upgraded to Buy at Canaccord... Beacon Roofing (BECN) upgraded to Strong Buy from Outperform at Raymond James... Big 5 Sporting (BGFV) upgraded on potential Sports Authority closures at Stifel... CenterState Banks (CSFL) upgraded to Outperform from Market Perform at Fig Partners... Cisco (CSCO) upgraded to Neutral from Underperform at Macquarie... Dollar Tree (DLTR) upgraded to Outperform from Market Perform at Telsey Advisory... Dow Chemical (DOW) upgraded to Positive from Neutral at Susquehanna... Essex Property Trust (ESS) upgraded to Buy from Neutral at Mizuho... Globant (GLOB) upgraded to Buy from Neutral at Citi... Kinross Gold (KGC) upgraded on valuation, higher gold price at BMO Capital... L Brands (LB) upgraded to Buy from Hold at Brean Capital... Marvell (MRVL) upgraded to Buy from Sell at B. Riley... Munich Re (MURGY) upgraded to Neutral from Underperform at Credit Suisse... OM Asset Management (OMAM) upgraded to Buy from Neutral at Citi... Orbital ATK (OA) upgraded to Overweight from Sector Weight at KeyBanc... SCANA (SCG) upgraded to Buy from Neutral at Mizuho... Sensient (SXT) upgraded to Buy from Hold at Gabelli... St. Jude Medical (STJ) upgraded to Hold from Sell at Canaccord... Suffolk Bancorp (SCNB) upgraded to Outperform from Market Perform at Fig Partners... Supernus (SUPN) upgraded to Buy from Hold at Jefferies... Ultimate Software (ULTI) upgraded to Outperform from Market Perform at FBR Capital... ZAGG (ZAGG) upgraded to Outperform from Market Perform at Northland... athenahealth (ATHN) upgraded to Buy from Hold at Topeka.
07:05 EDTCSCOCisco downgraded to Buy from Conviction Buy at Goldman
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06:17 EDTCSCOCisco upgraded to Neutral from Underperform at Macquarie
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February 5, 2016
10:36 EDTCSCOActive puts: SPY QQQ MDLZ IWM CSCO
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February 3, 2016
16:40 EDTCSCOCisco and Jasper Technologies hold a joint conference call
Cisco Vice President Salvagno and Jasper Technologies CEO Mohammed discuss Cisco's intent to acquire Jasper Technologies on a joint conference call to be held on February 3 at 5 pm. Webcast Link
16:19 EDTCSCOCisco to acquire Jasper Technologies for $1.4B
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14:36 EDTCSCOArista shares jump as analysts encouraged patent issues can be overcome
Shares of Arista Networks (ANET) jumped Wednesday after the U.S. International Trade Commission reached an initial determination in the first of the company's ongoing patent disputes with Cisco (CSCO). The findings, though not entirely in Arista's favor, were cheered by several Wall Street analysts, who foresee little to no impact on Arista's business from the patent fight. NO BUSINESS IMPACT: Oppenheimer analyst Ittai Kidron argued today that, while the ITC's early ruling found Arista in violation of three of the five Cisco patents in question, the company already has workarounds for two of the disputed patents and is working on a third. That last workaround is scheduled for a second quarter rollout and could potentially miss the final determination deadline, but Kidron explained that Arista would simply work with U.S. Customs on the matter at that point. The analyst expects Arista to take the necessary steps to preempt any disruption and foresees zero impact to its business, leading him to keep an Outperform rating on the shares and recommends buying them on any weakness. Kidron noted, however, that the stock could be volatile surrounding the final determination in early June and the rulings for the second ITC investigation, due late April and August. ARISTA ATTRACTIVE: Wells Fargo analyst Jess Lubert echoed Kidron's bullish outlook, saying the ITC findings were largely as expected and "more than priced into" the shares. Arista's story remains attractive, customer sentiment is unlikely to be affected, and securing approval for the Q2 software workaround is "unlikely to be a problem," said the analyst, adding that the additional engineering costs associated with the fix appear already embedded in Arista's financial model. Lubert kept an Outperform rating on the shares, though he too noted potential volatility surrounding future legal findings. PRICE ACTION: Shares of Arista Networks have jumped 5.4% to $60.83, while Cisco has edged up nearly 1%.
07:37 EDTCSCOArista Networks infringement 'largely priced into shares,' says Wells Fargo
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07:17 EDTCSCOArista Networks should be bought o nany weakness, says Oppenheimer
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