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News Breaks
January 23, 2014
10:02 EDTSBGI, WCG, TIBX, QLIK, VAC, ECOM, WYN, WWE, SPLK, PANW, JIVE, SC, WDAY, DATA, SWI, MSTR, DRIIOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ChannelAdvisor (ECOM) initiated with a Hold at Deutsche Bank... Diamond Resorts (DRII) initiated with an Outperform at JMP Securities... Jive Software (JIVE) initiated with a Hold at Deutsche Bank... Marriott Vacations (VAC) initiated with an Outperform at JMP Securities... MicroStrategy (MSTR) initiated with a Hold at Deutsche Bank... Palo Alto (PANW) initiated with a Buy at Deutsche Bank... Qlik Technologies (QLIK) initiated with a Hold at Deutsche Bank... SolarWinds (SWI) initiated with a Hold at Deutsche Bank... Splunk (SPLK) initiated with a Buy at Deutsche Bank... TIBCO (TIBX) initiated with a Hold at Deutsche Bank... Tableau Software (DATA) initiated with a Buy at Deutsche Bank... WWE (WWE) initiated with a Buy at Benchmark Co... WellCare (WCG) initiated with a Neutral at Credit Suisse... Workday (WDAY) initiated with a Hold at Deutsche Bank... Wyndham (WYN) initiated with an Outperform at JMP Securities... Sinclair Broadcast (SBGI) initiated with a Buy at CRT Capital... Santander Consumer USA (SC) initiated with a Buy at BTIG.
News For ECOM;DRII;JIVE;VAC;MSTR;PANW;QLIK;SWI;SPLK;TIBX;DATA;WWE;WCG;WDAY;WYN;SBGI;SC From The Last 14 Days
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February 1, 2016
15:58 EDTDATATableau upgraded to Neutral from Underweight at Mitsubishi UFJ
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11:45 EDTSCJPMorgan to buy almost $1B worth of LendingClub personal loans, WSJ says
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10:02 EDTSCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AIG (AIG) downgraded at BMO Capital... ARMOUR Residential (ARR) downgraded to Underweight from Equal Weight at Barclays... Abraxas Petroleum (AXAS) downgraded to Neutral from Buy at SunTrust... Anchor BanCorp Wisconsin (ABCW) downgraded to Equal Weight from Overweight at Stephens... Ashford Hospitality Prime (AHP) downgraded to Hold from Buy at Canaccord... Ashford Hospitality (AHT) downgraded to Hold from Buy at Canaccord... Axiall (AXLL) downgraded to Neutral from Buy at Citi... Boston Private Financial (BPFH) downgraded to Neutral from Buy at SunTrust... Colliers International (CIGI) downgraded to Sector Perform from Outperform at RBC Capital... Companhia Brasileira de Distribuicao (CBD) downgraded to Neutral at Credit Suisse... Connecticut Water (CTWS) downgraded to Market Perform from Outperform at Wells Fargo... Duke Realty (DRE) downgraded on valuation, growth outlook at BMO Capital... EP Energy (EPE) downgraded to Neutral from Buy at SunTrust... Eastman Chemical (EMN) downgraded at SunTrust... Equity Residential (EQR) downgraded to Neutral from Buy at Mizuho... Genuine Parts (GPC) downgraded to Neutral from Overweight at JPMorgan... Hersha Hospitality (HT) downgraded to Hold from Buy at Canaccord... Jones Energy (JONE) downgraded to Neutral from Buy at SunTrust... Mondelez (MDLZ) downgraded to Neutral from Positive at Susquehanna... Nokia (NOK) downgraded to Hold from Buy at Canaccord... Ollie's Bargain Outlet (OLLI) downgraded to Neutral from Outperform at Credit Suisse... Oshkosh (OSK) downgraded to Hold from Buy at Drexel Hamilton... Outerwall (OUTR) downgraded on Redbox weakness at Roth Capital... PACCAR (PCAR) downgraded to Underperform from Peer Perform at Wolfe Research... Restoration Hardware (RH) downgraded to Market Perform from Outperform at Cowen... Rex Energy (REXX) downgraded to Neutral from Buy at SunTrust... Sanchez Energy (SN) downgraded to Neutral from Buy at SunTrust... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Santander Consumer (SC) downgraded to Underperform from Neutral at BofA/Merrill... Tiffany (TIF) downgraded to Market Perform from Outperform at Cowen... Trex Company (TREX) downgraded to Hold from Buy at BB&T... U.S. Steel (X) downgraded to Neutral from Outperform at Macquarie... United Community Financial (UCFC) downgraded to Neutral from Outperform at Boenning & Scattergood... Xerox (XRX) downgraded to Equal Weight from Overweight at Morgan Stanley.
09:31 EDTSCSantander Consumer downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill downgraded Santander Consumer to Underperform given a weaker outlook due to higher credit costs.
January 29, 2016
12:50 EDTDRIIOptions with increasing put volume
Options with increasing put volume: MNST STLD LC LPX DRII MEOH STMP VMW XRX XLP
10:56 EDTPANWIT security stocks rise after Fortinet meets expectations
The shares of a number of IT security companies are rising after one of the companies in the sector, Fortinet (FTNT), reported in-line fourth quarter results last night. JPMorgan and RBC Capital were upbeat on the company's outlook. WHAT'S NEW: Fortinet reported Q4 EPS of 18c, in line with analysts' consensus outlook. The company's revenue was also in-line with the consensus outlook, while its billings jumped 35% versus the same period a year earlier. Moreover, Fortinet's fiscal 2016 guidance also came in near consensus estimates. ANALYST REACTION: Fortinet's results show that it is gaining market share, especially overseas and among U.S. small and medium businesses, JPMorgan analyst Sterling Auty stated. Additionally, the company's margins look set to reach about 15% in fiscal 2016, up from 13% the previous year, and its free cash flow should jump 33% in fiscal 2016, the analyst predicted. He kept a $54 price target and Overweight rating on the shares, saying the quarter should bring a "welcomed lift" following the recent selloff in shares. Fortinet's guidance suggests that it will have more leverage than expected in fiscal 2016, but its outlook is also "somewhat conservative," RBC Capital analyst Dan Bergstrom wrote. Fortinet's stock is relatively cheap versus its peers and its historical norms, the analyst believes. However, he kept a $32 price target and Sector Perform rating on the shares. WHAT'S NOTABLE: Yesterday morning IT security company Check Point (CHKP) reported stronger than expected Q4 results and provided in-line fiscal 2016 EPS guidance, excluding certain items. Last night IT security company Proofpoint (PFPT) reported in-line Q4 results but provided lower than expected fiscal 2016 EPS guidance. PRICE ACTION: In late morning trading, Fortinet climbed 6% to $28. Other IT security companies also advanced, with Palo Alto (PANW) surging 7.5%, Barracuda (CUDA) gaining 2.5% to $10.60, FireEye (FEYE) rising 1.5% to $14, Check Point adding 1% to $77.70 and Symantec (SYMC) rising 1.2% to $129.75.
07:03 EDTPANWProofpoint results suggest demand remains strong, says Piper Jaffray
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January 28, 2016
19:09 EDTPANWOn The Fly: After Hours Movers
UP AFTER EARNINGS: Gigamon (GIMO), up 15.2%... QLogic (QLGC), up 11%... Fortinet (FTNT), up 9.2%... ShoreTel (SHOR), up 5.7%... Skyworks (SWKS), up 3.6%... Flextronics (FLEX), up 4.6%... Microsoft (MSFT), up 3.6%... Proofpoint (PFPT), up 3.1%. ALSO HIGHER: Palo Alto Networks (PANW) is up 1.1% and FireEye (FEYE) is up 1.6% after Fortinet reported quarterly results. DOWN AFTER EARNINGS: Amazon.com (AMZN), down 13.2%... Synaptics (SYNA), down 3.8%... Electronic Arts (EA), down 8%... Quality Systems (QSII), down 9%... Visa (V), down 1.2%. ALSO LOWER: Facebook (FB) is down 1.2%, Netflix (NFLX) is down 2.7%, and Alphabet (GOOG, GOOGL) is down 1.5% and 1.7%, respectively, after Amazon reported quarterly results.
11:18 EDTDRIIOptions with increasing put volume
Options with increasing put volume: DRII SNE LH CAVM KSS UCO ILMN JBLU AVT SWK JNPR RRC CL HES
09:19 EDTMSTROn The Fly: Pre-market Movers
UP AFTER EARNINGS: Facebook (FB), up 13.9%... Under Armour (UA), up 14.6%... MicroStrategy (MSTR), up 8.9%... Harley-Davidson (HOG), up 8%... Paypal (PYPL), up 6%... Mellanox (MLNX), up 7.9%... Cirrus Logic (CRUS), up 6.2%... Alibaba (BABA), up 4.5%. ALSO HIGHER: Neos Therapeutics (NEOS), up 61.4% after the FDA approved Adzenys XR-ODT for the treatment of ADHD... Exelixis (EXEL), up 4.7% after the U.S. FDA determined the company's New Drug Application for cabozantinib is sufficiently complete... Kinder Morgan (KMI), up 6.7% after being upgraded at Credit Suisse and Stifel. DOWN AFTER EARNINGS: OSI Systems (OSIS), down 21.3%... ServiceNow (NOW), down 22.3%... eBay (EBAY), down 11.5%... InvenSense (INVN), down 10.5%... Juniper Networks (JNPR), down 9.3%... Hologic (HOLX), down 4.4%... Abbott Laboratories (ABT), down 3.6%... Potash (POT), down 2.1%... Qualcomm (QCOM), down 3.6%.
08:18 EDTSCSantander Consumer shares fundamentally undervalued, says Jefferies
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08:07 EDTWWE2K, WWE announce multi-year extension for WWE video game properties
2K (TTWO) and WWE (WWE) announced that the companies have extended their partnership with a new multi-year exclusive agreement granting 2K the worldwide rights to develop and publish WWE video game properties across all major platforms and distribution channels. WW 2K, the simulation-based flagship series developed by 2K's Visual Concepts studio and Yuke's, will continue an 18-year tradition established by past WWE titles, including the recently released WWE 2K16. In addition, 2K will continue to invest in WWE SuperCard, the breakout hit card-battling game developed by its Cat Daddy Games studio, which has been downloaded more than nine million times since its initial release. Financial terms of the new agreement were not disclosed.
07:45 EDTSBGISinclair Broadcast to hold a conference call
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07:43 EDTSCSantander Consumer valuation remains attractive, says UBS
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07:35 EDTWDAYWorkday checks positive, says Oppenheimer
Oppenheimer says its checks on Workday indicate that the company's business is strong. The firm says that the company is "a clear secular winner with open-ended growth and low risk to estimates," while its valuation is attractive. The firm thinks the company's profitability could reach a positive turning point in 2H16, and it keeps a $90 price target and Outperform rating on the shares.
January 27, 2016
16:41 EDTSBGISinclair Broadcast to acquire Tennis Channel for $350M
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16:17 EDTMSTRMicroStrategy reports Q4 EPS $3.38, consensus $2.19
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06:21 EDTSCSantander Consumer reports Q4 EPS 19c, may not compare to consensus 56c
Reports Q4 CET1 capital ratio 11.2%.
January 25, 2016
09:22 EDTSPLKSplunk poised to break out in 2016, says KeyBanc
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06:21 EDTDRIIDiamond Resorts says NYT article 'does not accurately reflect who we are'
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