Tech ratings change roundup: Intel, Facebook, Yelp, Nokia


Intel (INTC +2.2%) has been upgraded to Overweight by JPMorgan ahead of Thursday's Q4 report.

Facebook (FB +1.1%) and Yelp (YELP +1.7%) have been started at Outperform by FBN as part of an Internet sector coverage launch. Facebook reports on Jan. 29.

Nokia (NOK -1.1%) has been cut to Underperform by Raymond James. Q4 results arrive on Jan. 23.

Juniper (JNPR -0.6%) has been upgraded to Outperform by Oppenheimer a day after Elliott Management disclosed a 6.2% stake and called for big changes.

SAP (SAP -0.7%) has been cut to Underweight by Santander four days after releasing preliminary Q4 results. Pac Crest downgraded shares yesterday, albeit to little effect.

Brocade (BRCD +2.5%) and VeriFone (PAY +4%) have been upgraded to Overweight by JPMorgan.

Jabil (JBL +5.1%) has been upgraded to Conviction Buy by Goldman. Shares cratered last month after the company provided disappointing guidance.

ON Semi (ONNN +2.2%) has been upgraded to Outperform by Credit Suisse.

Logitech (LOGI +2.8%) has been upgraded to Buy by Goldman.

ChannelAdvisor (ECOM -5.5%) and Demandware (DWRE -2.1%) have been cut to Neutral by Goldman. Though offering different products/services, both companies cater to e-commerce firms.

TripAdvisor (TRIP -2%) has been cut to Hold by Wunderlich.

Mellanox (MLNX +3.5%) has been started at Outperform by Macquarie.

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Comments (24)
  • HansKristian
    , contributor
    Comments (254) | Send Message
     
    S&P just upped Nokia to 7 Euros. (after Raymond James ) Who can you trust? No profitwarning is issued for the last Q 2013 and the only cloud I can see is The Indian tax issue.
    14 Jan 2014, 10:08 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (18345) | Send Message
     
    I can see four big cumulonimbiform clouds from my window:

     

    1. No CEO for a long time now
    2. No strategy clients as well as the market can digest
    3. HERE is losing to Google and OSM on many fronts and automotive
    4. NSN always wins less than Alcatel-Lucent and has no good SDN/NFV or vectoring offer
    14 Jan 2014, 11:04 AM Reply Like
  • slcUTAH
    , contributor
    Comments (542) | Send Message
     
    Then keep shorting it.
    14 Jan 2014, 11:15 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (18345) | Send Message
     
    Don't be angry with yourself having made no profit with NOK since early November. You can always buy better stock and buy back into NOK should it pop sustainably.
    14 Jan 2014, 11:17 AM Reply Like
  • Freddo70
    , contributor
    Comments (46) | Send Message
     
    1. CEO is there, even if it's a temp, since when does a company stop functioning because that..
    2. Is this English?
    3. You have no clue what you're talking about.....even adding "on many fronts" makes it even funny.
    4. Again, you make little sense. Adding AL to the comparison? Come on! :)

     

    I guess it's just best to get comfort from the fact that at least you are not working for Nokia......
    14 Jan 2014, 05:22 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (18345) | Send Message
     
    You won't get comfort from this one here http://bit.ly/1hUN3lK : D
    14 Jan 2014, 05:35 PM Reply Like
  • Freddo70
    , contributor
    Comments (46) | Send Message
     
    It's showing the period between the announcement of
    the MSFT deal and the actual moment of selling the D&S part to MSFT which off course is flat....

     

    We're you really expecting Nokia to make any major new announcements or initiating parts of any new strategy which may exist while still in the mids of making a clear cut of what needs to go to MSFT?
    14 Jan 2014, 06:16 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (18345) | Send Message
     
    I was indeed, after voting no at the extraordinary shareholder meeting in November : )

     

    For one, I expected a CEO to be named, HERE to be sold to Microsoft and a much needed SDN acquisition being executed as part of a strategy to attack ERIC and ALU. Once these things happen, hopefully rather sooner than later, in one way or another, NOK can pick up again, and also reinstate the regular dividend, by the way.
    14 Jan 2014, 06:46 PM Reply Like
  • Zorro Trades
    , contributor
    Comments (82) | Send Message
     
    Nokia is setting up for run. Clear strategy moving ahead and dividend reinstatement is all this company need for double digits. Will be there very soon.
    14 Jan 2014, 11:09 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (18345) | Send Message
     
    Wake me up when it happens, so I can buy in again.
    14 Jan 2014, 11:15 AM Reply Like
  • Zorro Trades
    , contributor
    Comments (82) | Send Message
     
    now is the time to buy. Stock being manipulated before run up. Below $8 is a gift gift gift , a shame if you can't see that.
    14 Jan 2014, 11:18 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (18345) | Send Message
     
    I can only see a stock moving sideways like a crab since two months plus : )
    14 Jan 2014, 12:51 PM Reply Like
  • Stock Market Mike
    , contributor
    Comments (3573) | Send Message
     
    Crab walk works fine for me. I unloaded my calls several months back, and sold $8 ones against my shares. It was delightful watching their value plummet to nothing.

     

    At this point I look at NOK as quite stable, thanks to NSN. I don't expect to see a price under $7 unless there's a severe market correction. How well they monetize their IP will determine their upside from here.
    14 Jan 2014, 01:33 PM Reply Like
  • wwu124
    , contributor
    Comments (289) | Send Message
     
    what can I complain about, some consolidation after such a huge rise? none. The fact that it has not suffered a sizable pullback says it all about the strength of this stock. I will start to worry about my long position only if some negative issues come out of the ER in a little over a week.
    14 Jan 2014, 01:34 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (18345) | Send Message
     
    It's a free country. Everyone is fully entitled to waste their resources : )
    14 Jan 2014, 02:38 PM Reply Like
  • wwu124
    , contributor
    Comments (289) | Send Message
     
    I guess, compared to your investment strategy, everybody else is simply wasting their time and resources. you probably have the crystal ball, and you go long right before the rise and sell/short right before the decline. Good for you. I don't even dream to have that.
    14 Jan 2014, 03:00 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (18345) | Send Message
     
    Absolutely. Nokia, in particular, is as reliable as a Nordea ATM ; )
    14 Jan 2014, 03:17 PM Reply Like
  • DWD Investing
    , contributor
    Comments (13054) | Send Message
     
    AH

     

    Averaging %age over a 3 month period gives up around a 33% month over month yield on Nokia. If you choose 8 dollars as your starting point, you can also say that you haven't made anything.

     

    You can surely reason illogically if you want. It is a free country.
    14 Jan 2014, 05:02 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (18345) | Send Message
     
    And a free lunch to go with that. Enjoy http://bit.ly/1hUN3lK : D
    14 Jan 2014, 05:15 PM Reply Like
  • Zorro Trades
    , contributor
    Comments (82) | Send Message
     
    But then again I know that you're just a NOK trader, so yea jump in when it already pops initially you always make money on NOK so shouldnt be problem for ya
    14 Jan 2014, 11:20 AM Reply Like
  • wwu124
    , contributor
    Comments (289) | Send Message
     
    This downgrade appears to have received a muted response, telling me that NOK is trending higher, unless negative material results are announced in earnings report. I wish Nokia will get back the regular dividend of 4 to 5 percent, helping to broadening its share ownership, not a large one-time special dividend.
    14 Jan 2014, 12:05 PM Reply Like
  • DWD Investing
    , contributor
    Comments (13054) | Send Message
     
    I like the price targets that say something like, "6.50" when it's been hard coded at around 8 for 3 months. Those make the analysts look foolish.
    14 Jan 2014, 05:04 PM Reply Like
  • hneumann
    , contributor
    Comments (630) | Send Message
     
    Andreas, better than your Nokia critic. write down your winners for 2014. Let's see end 2014 who won.
    15 Jan 2014, 05:14 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (18345) | Send Message
     
    My bet is on Spain.
    15 Jan 2014, 05:49 PM Reply Like
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