Analyst Downgrades: Cyberark, Advanced Micro Devices

Analysts downwardly revised their ratings on Cyberark Software Ltd (CYBR), Advanced Micro Devices, Inc. (AMD), and Boeing Co (BA)

Feb 23, 2015 at 9:19 AM
facebook twitter linkedin


Analysts are weighing in today on cybersecurity stock Cyberark Software Ltd (NASDAQ:CYBR), chipmaker Advanced Micro Devices, Inc. (NASDAQ:AMD), and blue chip Boeing Co (NYSE:BA). Here's a quick roundup of today's bearish brokerage notes on CYBR, AMD, and BA.

  • CYBR is down 4.4% in electronic trading, after J.P. Morgan Securities downgraded the stock to "underweight" from "neutral," explaining, "A lot needs to go right to justify [the] current share price." The stock has been in rally mode in 2015 -- and more so, this month -- adding 77.4%, and hit a record high of $70.48 on Friday, before settling at $70.35. Against this backdrop, Cyberark Software Ltd's 14-day Relative Strength Index (RSI) has jumped to 89 -- comfortably in overbought territory -- suggesting a near-term pullback may have been in the cards.

  • Exane BNP Paribas started AMD with a lukewarm "underperform" rating, and a price target of $2.30 -- representing expected downside of nearly 25% to last Friday's close at $3.06. Although the stock has made some headway in 2015 -- tacking on 14.6% -- AMD remains a long-term laggard. Specifically, since hitting a two-year high of $4.80 last July, the equity has shed more than 36%. As such, put players have been betting big. In fact, Advanced Micro Devices, Inc.'s Schaeffer's put/call open interest ratio (SOIR) of 2.33 ranks in the 97th annual percentile, meaning short-term speculators have been more put-heavy just 3% of the time within the past year.

  • An upbeat analyst note sent BA to its highest perch on record of $158.83 Friday, before the stock settled at $158.31. Today, the shares are poised to pull back from this notable milestone, after Goldman Sachs cut its outlook on BA to "sell" from "neutral." (Stifel, meanwhile, upped its price target on Boeing Co by $15 to $175.) For the most part, the majority of analysts are optimistic toward a stock that's added 21.8% year-to-date. Of the 17 analysts covering the shares, 12 maintain a "strong buy" rating, versus five "holds," and not a single "sell" to be found.
 

If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

SCHAEFFER'S JULY STOCKS REPORT AD
 


 


 
Special Offers from Schaeffer's Trading Partners