Piper lists 10 strategic M&A opportunities for Microsoft in 'defining' 2020 » 14:1901/2301/23/20
MSFT, TWLO, WDAY, CRM, RNG, ZEN, COUP
In a research note to…
RingCentral price target raised to $220 from $190 at Needham » 09:2001/2301/23/20
RNG, AVYA, T
Needham analyst Richard…
Needham analyst Richard Valera raised his price target on RingCentral (RNG) to $220 and kept his Buy rating after meeting with the management of Avaya (AVYA) at the Needham Growth Conference last week. The analyst notes that the progress on the partnership of the two companies appears to be good and the launch of the Avaya Cloud Office product appears to be track. Valera adds that the feedback regarding activity from RingCentral's partnership with AT&T (T) has also been positive.
Notable open interest changes for January 23rd » 08:5501/2301/23/20
TSLA, GE, NIO, T
Wednesday's total option volume of 22.8 million contracts resulted in net open interest growth of 3.74 million calls and 4.19 million puts. Tesla (TSLA), General Electric (GE), NIO (NIO) and AT&T (T) saw the greatest growth. Top five new positions opened include 94k Teva (TEVA) Feb-20 11.5 puts, 48k Cisco (CSCO) Jan-21 30 puts, 41k General Electric (GE) Jun-20 15 calls, 41k General Electric (GE) Jun-20 13 calls and 31k AT&T (T) Feb-20 39 puts.
Comcast's NBC and Sky to jointly launch global news channel, FT reports » 06:1101/2301/23/20
CMCSA, CMCSK, T
Comcast's (CMCSA) NBC and Sky plan to jointly launch a new channel this summer, a move which will mark Comcast's first effort to unite the brands since its $30B acquisition of Sky in 2018, The Financial Times' Alex Barker reports. NBC News Chairman Andy Lack says NBC Sky World News will draw on a combined workforce of 3,500 and over time hire 100-200 dedicated staff. Ten new bureaus will open worldwide, extending the NBC-Sky reporting footprint by about 50%. The channel will compete with CNN International (T) and BBC World News in global television news. Reference Link
Avaya names Simon Harrison as Chief Marketing Officer » 16:0001/2201/22/20
Avaya announced it has…
Avaya announced it has appointed Simon Harrison as senior vice president and Chief Marketing Officer, effective January 27th. Harrison joins Avaya from leading research and advisory firm, Gartner, where he was research director and lead analyst for the Unified Communications and Contact Center industry.
Netflix slips as Street digests domestic subscriber miss, weak guidance » 10:5001/2201/22/20
NFLX, AAPL, DIS, CMCSA, CMCSK, T
Shares of Netflix (NFLX)…
Tempering of expectations could make Netflix 'a tough stock,' says Wells Fargo » 07:1501/2201/22/20
NFLX, CMCSA, CMCSK, T, DIS
Wells Fargo analyst…
Wells Fargo analyst Steven Cahall maintains an Underweight and $265 price target on Netflix's (NFLX) shares following quarterly results. The analyst notes that Q4 paid streaming net adds of 8.8M beat Street's and ARPU across regions demonstrated "solid" year over year growth. However, he points out that Q1 net add guidance of 7M misses Street's 8.7M. While the subscriber growth is "impressive," the cost to grow is what he thinks investors should be watching. If subscriber growth falters, the focus will quickly shift to profitability and Q2 tends to be seasonally weakest for subscribers, with this year including launches like Peacock (CMCSA) and HBO Max (T), and Disney (DIS) elsewhere, he adds. Cahall still thinks a tempering of expectations in 2020 could make Netflix a "tough stock."
Fly Intel: What to watch in Netflix earnings report » 13:1801/2101/21/20
NFLX, DIS, CMCSA, T
Netflix (NFLX) is…
RingCentral upgraded to Buy from Neutral at Goldman Sachs » 05:1701/2101/21/20
Goldman Sachs analyst…
Goldman Sachs analyst Heather Bellini upgraded RingCentral (RNG) to Buy from Neutral with a price target of $230, up from $189. The analyst sees "continued runway for outperformance" driven by secular growth from unified communications as a service adoption and enterprise traction. Growth drivers, including RingCentral's recently announced partnership with Avaya (AVYA), should drive share upside, Bellini tells investors in a research note. Goldman Sachs this morning also upgraded Avaya to Buy from Neutral.
Avaya upgraded to Buy from Neutral at Goldman Sachs » 05:1201/2101/21/20
Goldman Sachs analyst Rod…
Goldman Sachs analyst Rod Hall upgraded Avaya Holdings (AVYA) to Buy from Neutral with a price target of $18, up from $16. The economics of the announced RingCentral (RNG) deal are likely to drive Avaya's revenue and profitability above consensus expectations, Hall tells investors in a research note. The analyst estimates that Avaya Cloud Office conversions could add $28M in revenue to Avaya in the first full year of its availability.