Analyst Downgrades: FireEye Inc, Transocean LTD, and Vivint Solar Inc

Analysts downwardly revised their ratings on FEYE, RIG, and VSLR

Nov 11, 2014 at 9:27 AM
facebook X logo linkedin


Analysts are weighing in today on cybersecurity firm FireEye Inc (NASDAQ:FEYE), offshore drilling specialist Transocean LTD (NYSE:RIG), and Wall Street rookie Vivint Solar Inc (NYSE:VSLR). Here's a quick roundup of today's bearish brokerage notes on FEYE, RIG, and VSLR.

  • Macquarie initiated coverage on FEYE (and a pair of its sector peers) with a "neutral" rating -- less than a day after the firm was added to J.P. Morgan Securities' "Focus" list, and discovered a bug in Apple Inc.'s (NASDAQ:AAPL) iOS. On the charts, FireEye Inc has struggled in 2014, losing more than one-quarter of its value to sit at $32.39. This technical weakness hasn't been lost on short sellers. During the past two reporting periods, short interest on FEYE spiked 16.1%, and now makes up 18.1% of the stock's total float.

  • RIG -- which has tumbled roughly 41% year-to-date to rest at $29.28 -- saw its price target cut to $28 from $38 at UBS (which affirmed its "neutral" rating), and to $27 from $30 at Cowen (which reiterated its "market perform" opinion). Conversely, Evercore lifted its price target to $27 from $24, while maintaining its "sell" assessment. Taking a step back, sentiment toward Transocean LTD is pretty bearish everywhere one looks on the Street. The equity's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 3.31 rests just 2 percentage points from an annual high, while 24% of RIG's float is sold short -- which would take more than a week to buy back, at the stock's average daily volume.

  • Finally, VSLR posted a big earnings miss last night, prompting Barclays to trim its price target to $16 from $17, and Goldman Sachs to reduce its target to $20 from $22 -- though both maintained their respective "equal weight" and "buy" ratings. As such, the shares are set to open 11.3% lower, exacerbating the technical struggles already encountered by the Wall Street freshman. Since going public on Oct. 1, the stock has slipped roughly 13% to its Monday close at $14.74. Nevertheless, bullish betting has been prevalent in Vivint Solar Inc's options pits. Specifically, the security's 10-day ISE/CBOE/PHLX call/put volume ratio is 3.54, meaning more than three calls have been bought to open for every put during the past two weeks.
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI