The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

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The number of jobs lost due to the coronavirus shutdown continue to mount, with the latest weekly total of Americans applying for unemployment benefits topping 2 million, yet again. Yahoo Finance’s Zack Guzman and Heidi Chung discuss.

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Stocks fell Friday morning, extending losses from the regular session Thursday as investors eyed renewed tensions between the U.S. and China.

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Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]

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Stock futures fell Friday morning, extending losses from the regular session Thursday as investors eyed renewed tensions between the U.S. and China.

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Tesla (TSLA) CEO Elon Musk has now received access to the first of 12 potential stock option awards from his extensive 2018 compensation plan- and thanks to the stock’s recent rally, these shares are now worth a whopping $775M.To receive his stock options, the company’s market cap had to stay at $100B or more on a 30-day and six-month moving average, alongside trailing four-quarter revenue of $20B or EBITDA of $1.5B.Musk can now purchase 1.7M Tesla shares at $350.02 each, or $591M total. Based on Thursday’s closing price, these shares now have a total value of about $775M. Of course, the actual profit Musk makes will depend on whether he exercises the option, and when he decides to sell his shares.Tesla shareholder Richard Tornetta recently sued Tesla’s board, claiming that it breached its fiduciary duty by awarding Musk excessive compensation. The judge ruled in 2019 that the board must now defend Musk’s compensation package, writing: “Plaintiff has well pled, however, that the board level review was not divorced from Musk’s influence.”Indeed, Tesla stock has almost doubled recently, gaining 93% on a year-to-date basis. And according to Wedbush analyst Daniel Ives, the electric vehicle maker is currently ‘turning a corner’ in terms of both demand and production. Although he reiterated his hold rating on the stock, Ives boosted his TSLA price target over 30% to $800- which is now in-line with the stock’s current share price.“While Tesla (and every other auto manufacturer) is navigating this unprecedented COVID-19 environment, the company took a major step forward around fulfilling demand and production concerns with the Fremont artery now up and running after the Musk vs. Alameda County stand-off got resolved,” Ives said.“While 2Q delivery numbers remain in flux due to a host of logistical issues as well as overall lockdown conditions now starting to ease across the US and Europe, it appears underlying demand for Model 3 in China is strong with a solid May and June likely in the cards and clear momentum heading into 2H” the analyst continued.Overall, Tesla scores a cautious Hold consensus from the Street, with analysts concerned the stock has rallied too far, too fast. Indeed the $620 average analyst price target indicates 23% downside potential from current levels. (See Tesla stock analysis on TipRanks).Related News: GM Delays Some Production Shifts At 3 U.S. Truck Plants – Report Tesla Asks China To Build Model 3 Cars With LFP Batteries – Report Fiat Chrysler Shares Decline on Dividend Payout Withdrawal More recent articles from Smarter Analyst: * Costco Pulls Back On Earnings; Top Analyst Sees Buying Opportunity * Cisco To Buy ThousandEyes For Reported $1B; Top Analyst Sees Strong Synergy Potential * Salesforce Sinks 3.5% After-Hours As Guidance Slashed * 5G’s Significant Memory Content a Key Growth Driver for Micron, Says 5-Star Analyst

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Cisco Systems (CSCO) has announced its intent to acquire privately held ThousandEyes, Inc. for a reported sum of close to $1B, in a deal that is expected to close before the end of Cisco’s Q1 FY’21.San Francisco-based ThousandEyes is a SaaS-based NPM vendor focused on diagnosing performance issues with applications and underlying network infrastructure (cloud, enterprise, and Internet) using synthetic and user experience monitoring methods. Notably, the company recently announced that its customer contractual commitments surpassed $100M in FY20, growing almost 80% year-over-year.Cisco will incorporate ThousandEyes’ capabilities across Cisco’s core Enterprise Networking and Cloud, and AppDynamics portfolios.“The combination of Cisco and ThousandEyes will enable deeper and broader visibility to pin-point deficiencies and improve the network and application performance across all networks” cheered Todd Nightingale of Cisco Enterprise Networking and Cloud.Oppenheimer’s Ittai Kidron remarked that he is ‘positive on the acquistion’ and reiterated his CSCO buy rating on May 28, writing “We see a strong synergetic opportunity for Cisco and believe ThousandEyes’ global network could be bundled with and enhance the value proposition of AppDynamics (bundle NPM/APM), SDWAN/branch portfolio (improve route performance/visibility), and ISR router portfolio (extend visibility reach).”The analyst believes ThousandEyes can also add automation capabilities using AI and machine learning longer-term to further reduce customer OpEx.Overall, CSCO scores a cautiously optimistic Moderate Buy analyst consensus, with 11 recent buy ratings offset by 10 hold ratings. Meanwhile the average analyst price target of $47 indicates 4% upside potential lies ahead. Shares are currently trading down 5% year-to-date. (See Cisco stock analysis on TipRanks).Related News: Salesforce Sinks 3.5% After-Hours As Guidance Slashed Microsoft Seeks $2B Stake In India’s Jio Platforms- Report Apple Snaps Up AI Startup Inductiv, As Analysts Boost PTs On Store Reopenings More recent articles from Smarter Analyst: * Elon Musk Reaps Payout Worth $775M, As Analyst Admits Tesla Is ‘Turning A Corner’ * Costco Pulls Back On Earnings; Top Analyst Sees Buying Opportunity * Salesforce Sinks 3.5% After-Hours As Guidance Slashed * 5G’s Significant Memory Content a Key Growth Driver for Micron, Says 5-Star Analyst

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Top news and what to watch in the markets on Friday, May 29, 2020.

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