Verizon Communications Inc. (NYSE:VZ) set to acquire Yahoo! Inc. (NASDAQ:YHOO) for cut price after high profile breaches

According to latest publications, Internet giant Yahoo! Inc. (NASDAQ:YHOO) has an agreement in place for a price cut on its preliminary $4.8 billion sale to Verizon Communications Inc. (NYSE:VZ).

Telecommunications-Services sector giant Verizon Communications Inc. (NYSE:VZ) acquisition of Yahoo! Inc. (NASDAQ:YHOO) core internet arm was put in uncertainty last year following revelation of two big scale cyber-attacks.

US publications said Yahoo! Inc.(NASDAQ:YHOO) is now settled for a price cut of up to $350 million and decided to share liability with Verizon Communications Inc.(NYSE:VZ) for possible lawsuits.

NEW YORK, NY-based Verizon aims to combine Yahoo’s search, email and messenger properties, as well as advertising technology tools, with its AOL unit. Verizon acquired AOL in 2015 for $4.4 billion.

Verizon comprehends mobile video and advertising as new sources of revenue outside a congested US telecoms market.

Arguably one of the pioneer of internet search providers, Yahoo self-confessed in December 2016 it had been hit by a large cyber-attack in 2013 which affected more than a billion customer accounts.

In the past Yahoo had already disclosed another similar breach done in 2014 that had affected around half a billion users.

Meanwhile all the eyes are on the deal of Yahoo and Verizon, reports said last month that the US Securities and Exchange Commission has launched an enquiry into whether Yahoo should have make known the breaches sooner.

On Wednesday, Yahoo sent a warning to users whose accounts may have potentially been accessed by hackers between 2015 and 2016, as part of a data security issue related to the breach it disclosed in December. Yahoo did not say how many users may have been affected.

Ever since the hacking exposes, Yahoo has concentrated on trying to reestablish confidence in its key search business.

However during the last quarter of 2016 Yahoo! (YHOO) search revenue dropped almost 6%. Though revenue from other segments of the business, the mobile, video, and social advertising units – surged during the period.

Worth Watching Stock Analyst Recommendations: Verizon Communications Inc. (NYSE:VZ), Symantec Corporation (NASDAQ:SYMC)

Verizon Communications Inc. (NYSE:VZ) showed a decline of -0.23% from the market’s prior closing price. That fall sent the price at $48.28 per share as of February 02,2017 when the total trading capacity was higher compared with their three months average volume of 15.58M shares. The consensus analyst PT for this stock has now been moved to $52.19.

Verizon Communications Inc. (VZ) Price Indications

The firm keeps price-to-earnings ratio at 15.03 in 12 months. In last trade, the intraday high was $48.59, putting the share price -12.47% below its 52-week high and trades 6.06% higher from the lowest price they have traded at during the previous year. It turned lower -5.83% from its 50-day simple moving average. The current price is down -5.01% from the average market prices over a 200-day period.

Verizon Communications Inc. (NYSE:VZ) Thorough Brokerage Views

There are numerous brokerage names which are spending time researching on this stock. Of them, 0 have a Sell, 3 suggested Buy, 5 said Outperform and 22 called Hold rating for the stock, based on Thomson Reuters I/B/E/S. 1 recommends the stock is “underperforming”. The company has a Consensus Recommendation of 2.68, according to Thomson Reuters data.

On February 02,2017, Symantec Corporation (NASDAQ:SYMC) closed session up at $27.76 with 1.87%. The institutional holdings in the company makes up 95.60% while the Beta factor is 1.21. The stock’s RSI (Relative Strength Index) reached 77.59.

Symantec Corporation (SYMC) Price Potential

In recent trade, the price was 24.27% up its 200 day moving average and was brought 10.53% up versus its 50-day simple moving average. The stock exchanged hands at a volume of 15.95M shares whereas, the average volume was 8.26M shares. In the past 12 months, the share price floated in the $14.61 -$27.70 range. The market capitalization arrived at market cap 17.31 billion. After the day trading kicked off at $26.62, the stock was seen approaching $26.44 as its bottom price and $27.84 as its intraday high price. In previous session, the price was settled at $27.25.

Symantec Corporation (NASDAQ:SYMC) Analyst Point of Interest

There were more than a few analysts who recently mentioned the stock in their research. Currently the stock is holding a ‘Buy’ rating from 3 equity analysts. 0 Wall Street brokerages assign ‘Sell’ rating for the firm. 14 analysts are of a belief the stock is a ‘Hold’. ‘Underperform’ verdict was provided by 1 analysts and ‘Overweight’ verdict was shared by 7 analysts. The company has a Mean Recommendation of 2.52 based on a scale of 1-5 provided by Thomson Reuters.

Analyst Coverage That Needs Your Attention: Verizon Communications Inc. (NYSE:VZ), Cisco Systems, Inc. (NASDAQ:CSCO)

Verizon Communications Inc. (NYSE:VZ) showed a decline of -0.73% from the market’s prior closing price. That fall sent the price at $49.01 per share as of January 31,2017 when the total trading capacity was higher compared with their three months average volume of 15.3M shares. The consensus analyst PT for this stock has now been moved to $52.19.

Verizon Communications Inc. (VZ) Price Indications

The firm keeps price-to-earnings ratio at 15.25 in 12 months. In last trade, the intraday high was $49.47, putting the share price -11.14% below its 52-week high and trades 7.66% higher from the lowest price they have traded at during the previous year. It turned lower -4.30% from its 50-day simple moving average. The current price is down -3.59% from the average market prices over a 200-day period.

Verizon Communications Inc. (NYSE:VZ) Thorough Brokerage Views

There are numerous brokerage names which are spending time researching on this stock. Of them, 0 have a Sell, 3 suggested Buy, 5 said Outperform and 22 called Hold rating for the stock, based on Thomson Reuters I/B/E/S. 1 recommends the stock is “underperforming”. The company has a Consensus Recommendation of 2.68, according to Thomson Reuters data.

On January 31,2017, Cisco Systems, Inc. (NASDAQ:CSCO) closed session down at $30.72 with -0.36%. The institutional holdings in the company makes up 77.70% while the Beta factor is 1.37. The stock’s RSI (Relative Strength Index) reached 61.26.

Cisco Systems, Inc. (CSCO) Price Potential

In recent trade, the price was 4.24% up its 200 day moving average and was brought 2.17% up versus its 50-day simple moving average. The stock exchanged hands at a volume of 16.55M shares whereas, the average volume was 22.67M shares. In the past 12 months, the share price floated in the $21.69 -$31.62 range. The market capitalization arrived at market cap 154.21 billion. After the day trading kicked off at $30.68, the stock was seen approaching $30.58 as its bottom price and $30.89 as its intraday high price. In previous session, the price was settled at $30.83.

Cisco Systems, Inc. (NASDAQ:CSCO) Analyst Point of Interest

There were more than a few analysts who recently mentioned the stock in their research. Currently the stock is holding a ‘Buy’ rating from 10 equity analysts. 0 Wall Street brokerages assign ‘Sell’ rating for the firm. 14 analysts are of a belief the stock is a ‘Hold’. ‘Underperform’ verdict was provided by 1 analysts and ‘Overweight’ verdict was shared by 11 analysts. The company has a Mean Recommendation of 2.17 based on a scale of 1-5 provided by Thomson Reuters.

Prominent Analysts Reporting Update: Level 3 Communications, Inc. (NYSE:LVLT), Verizon Communications Inc. (NYSE:VZ)

Level 3 Communications, Inc. (NYSE:LVLT) showed a decline of -0.47% from the market’s prior closing price. That fall sent the price at $59.33 per share as of January 30,2017 when the total trading capacity was lower compared with their three months average volume of 3.73M shares. The consensus analyst PT for this stock has now been moved to $63.00.

Level 3 Communications, Inc. (LVLT) Price Indications

The firm keeps price-to-earnings ratio at 5.81 in 12 months. In last trade, the intraday high was $59.59, putting the share price -0.85% below its 52-week high and trades 42.18% higher from the lowest price they have traded at during the previous year. It turned higher 3.70% from its 50-day simple moving average. The current price is up 12.98% from the average market prices over a 200-day period.

Level 3 Communications, Inc. (NYSE:LVLT) Thorough Brokerage Views

There are numerous brokerage names which are spending time researching on this stock. Of them, 0 have a Sell, 1 suggested Buy, 2 said Outperform and 15 called Hold rating for the stock, based on Thomson Reuters I/B/E/S. 0 recommends the stock is “underperforming”. The company has a Consensus Recommendation of 2.78, according to Thomson Reuters data.

On January 30,2017, Verizon Communications Inc. (NYSE:VZ) closed session down at $49.37 with -0.46%. The institutional holdings in the company makes up 65.30% while the Beta factor is 0.43. The stock’s RSI (Relative Strength Index) reached 32.26.

Verizon Communications Inc. (VZ) Price Potential

In recent trade, the price was -2.89% down its 200 day moving average and was brought -3.51% down versus its 50-day simple moving average. The stock exchanged hands at a volume of 12.15M shares whereas, the average volume was 15.28M shares. In the past 12 months, the share price floated in the $45.52 -$55.16 range. The market capitalization arrived at market cap 201.26 billion. After the day trading kicked off at $49.49, the stock was seen approaching $49.18 as its bottom price and $49.84 as its intraday high price. In previous session, the price was settled at $49.60.

Verizon Communications Inc. (NYSE:VZ) Analyst Point of Interest

There were more than a few analysts who recently mentioned the stock in their research. Currently the stock is holding a ‘Buy’ rating from 3 equity analysts. 0 Wall Street brokerages assign ‘Sell’ rating for the firm. 21 analysts are of a belief the stock is a ‘Hold’. ‘Underperform’ verdict was provided by 1 analysts and ‘Overweight’ verdict was shared by 5 analysts. The company has a Mean Recommendation of 2.67 based on a scale of 1-5 provided by Thomson Reuters.