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Cowen Downgrades Limelight Networks On Revenue Growth, Gross Margin Headwinds
Tuesday, February 2, 2021 - 12:40pm | 266Read More...Limelight Networks, Inc’s (NASDAQ: LLNW) high customer concentration is causing severe pricing pressure that may create a significant impact on revenue growth, while underutilized capacity in South Korea could result in gross margin contraction in 2021, according to Cowen. The Limelight...
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The Telecom Sector: JPMorgan Downgrades Verizon, Upgrades AT&T
Monday, December 3, 2018 - 1:20pm | 516Read More...AT&T Inc. (NYSE: T) was upgraded by two Street analysts Monday, while Verizon Communications Inc. (NYSE: VZ) caught a downgrade from JPMorgan that came with a projection of flat EPS growth. The Analyst JPMorgan analyst Philip Cusick downgraded Verizon from Overweight to Neutral and...
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Switch's 15-Megawatt Lease Deal Silences A Sell-Side Bear
Friday, May 11, 2018 - 1:29pm | 404Read More...Data center company Switch Inc (NYSE: SWCH) signed a new 15-megawatt lease with an unnamed international streaming media company May 4, and the move was notable enough to end Cowen's bearish stance on the stock. The Analyst Cowen's Colby Synesael upgraded Switch from...
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Cowen Names CyrusOne, Digital Realty As Top Data Services Picks
Wednesday, April 25, 2018 - 3:54pm | 574Read More...A handful of companies in the data services sector are on deck to report earnings. After a disappointing performance in the fourth quarter for the sector as a whole, the group is expected to show a "marked improvement," with CyrusOne Inc (NASDAQ: CONE) and Digital Rlty (NYSE: DLR) being...
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InterXion Shares Get Mid-Day Pop Following Cowen Upgrade To Outperform
Wednesday, August 2, 2017 - 2:52pm | 436Read More...InterXion Holding NV (NYSE: INXN) shares spiked by mid-day Wednesday after Cowen upgraded shares of the company. Analysts Colby Synesael, Jonathan Charbonneau and Gregory Williams attributed the upgrade to the strong second-quarter results. The analysts noted that second-quarter revenues, EBITDA...
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Analysis: The M&A Thesis On Sprint Will Play Out Imminently
Tuesday, August 1, 2017 - 1:15pm | 764Read More...In a note Tuesday, Cowen said M&A involving Sprint Corp (NYSE: S) is potentially imminent. The comment shouldn't come as a surprise because as recently as last weekend, the company made a big splash with its stated intention to buy Charter Communications, Inc. (NASDAQ: CHTR), which the latter...
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2 Big Reasons To Like The Digital Realty/DuPont Deal
Monday, June 12, 2017 - 9:28am | 401Read More...Digital Realty Trust, Inc. (NYSE: DLR) $7.6 billion acquisition of DuPont Fabros Technology, Inc. (NYSE: DFT) prompted analysts at Cowen to boost Digital Realty's stock rating and price target. Cowen's Colby Synesael upgrades Digital Realty's stock from Market Perform to Outperform with a price...
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Level 3 Shares Spike After Benzinga Pro Reports Company Considering Strategic Alternatives
Wednesday, July 13, 2016 - 9:23am | 337Read More...Benzinga Professional on Wednesday morning reported Level 3 Communications, Inc. (NYSE: LVLT) is reviewing strategic alternatives. Level 3 is considering a range of options from an outright sale of the company to a large buyback, Benzinga Pro reported to users of its Market-Moving Exclusives...
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Cowen Downgrades Akamai On 'Lack Of Visibility'
Wednesday, October 28, 2015 - 10:07am | 300Read More...Akamai Technologies, Inc. (NASDAQ: AKAM) shares are down 5 percent year-to-date, even after hitting a high of $78 on May 14. Cowen’s Colby Synesael downgraded the rating on the company from Outperform to Market Perform, while reducing the price target from $75 to $70. Lack of...
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Does Equinix Shameless Flirtation With Telecity Foreshadow Breakup For InterXion?
Friday, May 8, 2015 - 1:21pm | 787Read More...In a Barron's article Thursday, Cowen & Co.'s Colby Synesael put forth a compelling rationale for why Equinix Inc (NASDAQ: EQIX) is looking to acquire Netherlands-based TELECITY GROUP PLC (OTC: TLEIY) in what amounts to a global data center courtship chess game. Telecity Group is a European...
