Notable Downgrades: GoPro (GPRO), F5 Networks (FFIV), Skyworks Solutions (SWKS), Yelp (YELP)

GoPro, Inc. (GPRO) was reiterated a ‘Buy’ by Dougherty & Company analysts on Thursday. The broker however cut its price target on the stock to $13 from $30 following the co.’s initial Q4 guidance which came in below consensus and workforce reduction. GoPro was also cut to $18 from $33 at Wedbush, to $20 from $39 at Northland Capital, and to $9 from $15 at Piper Jaffray.

Analysts at Barclays downgraded F5 Networks, Inc. (FFIV) from ‘Equal Weight’ to ‘Underweight’ in a research report issued to clients on Thursday. The target price for FFIV is lowered from $123 to $98.

On valuation measures, F5 Networks Inc. stock it’s trading at a forward P/E multiple of 12.28x, and at a multiple of 18.95x this year’s estimated earnings. The t-12-month revenue at F5 Networks is $1.92 billion. FFIV ‘s ROE for the same period is 27.18%.

Shares of the $6.71 billion market cap company are down 26.94% year-over-year and 3.05% year-to-date.

F5 Networks Inc., currently with a median Street price target of $119.50 and a high target of $153.00, rose $1.30 to $95.30 in recent trading.

The chart below shows where the equity has traded over the past 52-weeks.

Skyworks Solutions’ (SWKS) price target was cut to $100 from $125 at Craig Hallum.

Shares have traded today between $60.07 and $63.71 with the price of the stock fluctuating between $60.07 to $112.88 over the last 52 weeks.

Skyworks Solutions Inc. shares are currently changing hands at 15.53x this year’s forecasted earnings, compared to the industry’s 21.06x earnings multiple. Ticker has a t-12 price/sales ratio of 3.65. EPS for the same period registers at $4.10.

Shares of Skyworks have gained $1.51 to $63.67 in midday trading on Thursday, giving it a market cap of roughly $12.17 billion. The stock traded as high as $112.88 in June 19, 2015.

Yelp Inc. (YELP) had its rating lowered from ‘Neutral’ to ‘Sell’ by analysts at B. Riley & Co. on Thursday. The firm contends that competition in 2016 could dictate higher ad spending.

Currently there are 11 analysts that rate YELP a ‘Buy’, 1 analyst rates it a ‘Sell’, and 22 rate it a ‘Hold’.

YELP was down $0.64 at $21.43 in midday trade, moving within a 52-week range of $18.94 to $57.70. The name, valued at $1.61 billion, opened at $20.82.

Be the first to comment

Leave a Reply

Your email address will not be published.


*