Trading Radar for 11/3: GoPro (GPRO), Chesapeake (CHK), Activision (ATVI), Fossil (FOSL), Starbucks (SBUX) Report
- Nasdaq, S&P stumble as Netflix, chip stocks drag; AmEx boosts Dow
- Sony/Apollo bid for Paramount could be worth as much as $29 billion - Source
- Netflix Q1 earnings top estimates on blowout subscriber growth
- Wall St indexes split, Treasuries dip amid earnings, geopolitical crosscurrents
- Gold prices rally past $2,400 on reports of Israel strikes on Iran
- Tritium DCFC Limited (DCFC): Three Australian subsidiaries were determined to be insolvent or likely to become insolvent
- Hasbro (HAS) Announces Resignation of Cynthia Williams, President of Wizards of the Coast and Hasbro Gaming
- Jabil falls after placing CEO on paid leave amid internal investigation
- Frontier Communications (FYBR) says third party had gained unauthorized access to portions of its information technology environment
- Ibotta (IBTA) Prices 6.56M Share IPO at $88/sh
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
- After-hours movers: Netflix, Intuitive Surgical, Nordstrom, KB Home
- Midday movers: Tesla, Blackstone, Las Vegas Sands fall; DR Horton rises
- After-hours movers: Alcoa rises; Equifax and Las Vegas Sands fall
- Midday movers: Travelers, JB Hunt fall; United Airlines rises
Jefferies Raises Price target on Arista Networks (ANET) Following Strong 3Q
November 4, 2016 10:26 AM EDTJefferies reiterated an Underperform rating on Arista Networks (NYSE: ANET), and raised the price target to $50.00 (from $40.25), following the company's 3Q earnings report. September sales of $290.3 million beat the Street's $283 million estimate. Non-GAAP EPS totaled $0.83 versus Street numbers looking for $0.73.
Analyst George... More
Jefferies Raises Price Target on Charter Communications (CHTR) to $280
November 4, 2016 10:17 AM EDTJefferies reiterated a Hold rating on Charter Communications (NASDAQ: CHTR), and raised the price target to $280.00 (from $244.00), following the company's 3Q.
Analyst Mike McCormack commented, "Despite modestly weaker sub metrics and in-line revenue, Charter reported strong EBITDA growth as synergies appear... More
Jefferies Cuts Price Target on Cigna Corp. (CI) Following 3Q
November 4, 2016 9:44 AM EDTJefferies maintained a Buy rating on CIGNA (NYSE: CI), and cut the price target to $149.00 (from $153.00), following the company's 3Q earnings report. Management was emphatic about strong 2017 EPS growth after this year's 8% decline. EPS guidance was unchanged. However, Healthcare earnings guidance was lowered by... More
Jefferies Cuts Price Target on On Deck Capital (ONDK) Following 3Q Miss
November 4, 2016 9:35 AM EDTJefferies maintained a Hold rating on On Deck Capital (NYSE: ONDK), and cut the price target to $5.40 (from $6.50), following the company's 3Q earnings report. Gross revenue was up +15% Y/Y to $77.4MM vs. consensus estimates of $75.3MM and guidance of $73MM-$76MM.... More
Drexel Hamilton Reiterates Buy on Hortonworks (HDP) Following Solid 3Q
November 4, 2016 9:27 AM EDTDrexel Hamilton reiterated a Buy rating and $18.00 price target on Hortonworks (NASDAQ: HDP) following the company's 3Q earnings report. Hortonworks reported sales of $47.5 million, which beat the Street's estimate of $45.1 million. Loss per share of $0.68 compared to the consensus of negative $0.66.
Analyst Brian White... More
Jefferies Cuts Price Target on Gain Capital (GCAP); Reiterates Buy
November 4, 2016 9:22 AM EDTJefferies maintained a Buy rating on Gain Capital Holdings (NYSE: GCAP), and cut the price target to $7.00 (from $8.00), following the company's 3Q earnings report. Net revenues of $72.2M came in ahead of $69.0M estimates with retail revenue the primary driver.
Analyst Daniel... More
Jefferies Cuts Price Target on Fossil Group (FOSL) to $24
November 4, 2016 9:13 AM EDTJefferies maintained a Hold rating on Fossil Group (NASDAQ: FOSL), and cut the price target to $24.00 (from $29.00), following the company's 3Q earnings report.
Analyst Randal Konik commented, "While 3Q beat, it marked another overall challenging quarter. Improvement in watch revs is encouraging,... More
Jefferies Cuts Price Target on Prestige Brands (PBH) to $42 Following Soft 2Q
November 4, 2016 9:08 AM EDTJefferies maintained an Underperform rating on Presitge Brands (NYSE: PBH), and cut the price target to $42.00 (from $45.00), following the company's 2Q earnings report. 2Q topline missed Street estimates by 1%, with lower GM% offset by lower A&P and SG&A, driving a ~0.5%... More
Oppenheimer Remains Bullish as Activision Blizzard (ATVI) Reports 3Q
November 4, 2016 8:40 AM EDTOppenheimer maintained an Outperform rating and $53.00 price target on Activision Blizzard (NASDAQ: ATVI) following the company's 3Q earnings report. Adjusted revenues and EPS of $1,630M and $0.52 beats consensus of $1,567M/$0.42. Activision revenues were down 36% Y/Y, Blizzard was up 97% Y/Y thanks to strong... More
Needham & Company Cuts Price Target on Imperva (IMPV) Following 3Q
November 4, 2016 8:21 AM EDTNeedham & Company maintained a Buy rating on Imperva (NYSE: IMPV), and cut the price target to $43.00 (from $64.00), following the company's 3Q earnings report. After the material guide-down last quarter, the results for IMPV were a solid beat, with $68.4m and $0.08 EPS well above $63.2m and ($0.16) loss per share consensus. CY16 was... More
RBC Capital Raises Price Target on TrueCar (TRUE) to $12 Following 3Q Beat
November 4, 2016 8:11 AM EDTRBC Capital reiterated a Sector Perform rating on TrueCar (NASDAQ: TRUE), and raised the price target to $12.00 (from $10.00), following the company's 3Q earnings report. Revenue of $75.1MM was above the Street estimates of $71MM and above guidance of $70-72MM. Adjusted EBITDA of... More
FBR Capital Reiterates Outperform on Callaway Golf (ELY) Following 3Q Beat
November 4, 2016 7:45 AM EDTFBR Capital reiterated an Outperform rating and $12.00 price target on Callaway Golf (NYSE: ELY) following the company's 3Q earnings report. ELY reported a 3Q16 EPS beat of ($0.06) versus consensus of ($0.12). The results reflect revenue growth of +6.9% versus consensus of +0.1%. The revenue beat was driven by the Japan apparel joint venture, golf balls (+11.6% versus consensus of... More
Mizuho Securities Raises Price Target on Ironwood Pharma (IRWD) Following 3Q Beat
November 4, 2016 7:38 AM EDTMizuho Securities reiterated a Buy rating on Ironwood Pharmaceuticals (NASDAQ: IRWD), and raised the price target to $20.00 (from $19.00), following the company's 3Q earnings report. IRWD reported revenues of $66.1M and a loss of ($0.18) vs. StreetAccount consensus of $59.8M and ($0.24).
Analyst Irina... More
Mizuho Securities Reiterates Buy on Activision Blizzard (ATVI) Following 3Q
November 4, 2016 7:31 AM EDTMizuho Securities reiterated a Buy rating and $48.00 price target on Activision Blizzard (NASDAQ: ATVI) following the company's 3Q earnings report. A|B reported revenue of $1.63b, surpassing Street expectations by 4%, or $60m. Non-GAAP EPS was $0.52, significantly ahead of the Street estimates of $0.42. For... More
Drexel Hamilton Reiterates Buy on Skyworks Solutions (SWKS) Following 4Q Beat and Raise
November 4, 2016 7:05 AM EDTDrexel Hamilton reiterated a Buy rating and $90.00 price target on Skyworks Solutions (NASDAQ: SWKS) following the company's 4Q report. SWKS turned in revenue of $835.4 million, exceeding the Street's consensus of $831.3 million. EPS of $1.47 also beat the Street's consensus of $1.43. For the December... More
Cowen Cuts Price Target on Fossil Group (FOSL) to $25 as Core Watch Business Remains Weak
November 4, 2016 6:51 AM EDTCowen maintained a Market Perform rating on Fossil Group (NASDAQ: FOSL), and cut the price target to $25.00 (from $30.00), following the company's 3Q earnings report. On the call, management highlighted that initial demand for the new Michael Kors ACCESS line has exceeded expectations. The... More
TherapeuticsMD (TXMD) Misses Q3 EPS by 2c
November 3, 2016 4:31 PM EDTTherapeuticsMD (NYSE: TXMD) reported Q3 EPS of ($0.13), $0.02 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $5.53 million versus the consensus estimate of $5.76 million.
We are making excellent progress this year advancing our pipeline and enhancing our commercial capabilities... More
Trecora Resources (TREC) Misses Q3 EPS by 8c
November 3, 2016 4:25 PM EDTTrecora Resources (NYSE: ) reported Q3 EPS of $0.08, $0.08 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $57.1 million versus the consensus estimate of $60.3 million.
Trecora President and CEO Simon Upfill-Brown commented, "Despite a challenging petrochemical market environment, we saw a 16.4% sequential increase in prime product... More
Tremor Video (TRMR) Misses Q3 EPS by 2c
November 3, 2016 4:22 PM EDTTremor Video (NYSE: TRMR) reported Q3 EPS of ($0.07), $0.02 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $41.3 million versus the consensus estimate of $37.43 million.
In the third quarter we delivered profitable EBITDA and strong growth in our Total... More
TrueCar (TRUE) Tops Q3 EPS by 5c
November 3, 2016 4:18 PM EDTTrueCar (NASDAQ: TRUE) reported Q3 EPS of ($0.01), $0.05 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $75.01 million versus the consensus estimate of $71.17 million.
"In the third quarter, we achieved record results on virtually every operating metric across... More
Vital Therapies (VTL) Reports In-Line Q3 EPS
November 3, 2016 4:07 PM EDTVital Therapies (NASDAQ: VTL) reported Q3 EPS of ($0.32), in-line with the analyst estimate of ($0.32).
For earnings history and earnings-related data on Vital Therapies (VTL) click here.
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