FBN Securities
FBN Securities is a New York-based independent, agency-only broker-dealer serving institutional investors. Alongside execution, corporate access and capital introduction, it publishes equity research focused on technology infrastructure, including internet, cloud, security and IT hardware.
Company history
FBN Securities was founded in 1983 as an independent broker-dealer serving only institutional investors. It runs an agency-only model, trading neither against clients nor for its own account, and is a member of FINRA and SIPC. From four U.S. offices, in New York, New Jersey, the Philadelphia area and Miami, it provides equity and options execution, research, corporate access, capital introduction, capital markets and private-share trading, and commission management.
- 1983Founded as an institutional broker-dealer
Research
FBN's research covers technology infrastructure (internet, big data and cloud, networking and security, and IT hardware and storage), alongside merger-arbitrage and event-driven work, macroeconomic and technical commentary, and derivative hedging strategy. It also hosts invitation-only idea-sharing dinners for portfolio managers. Stock ratings are Outperform, Sector Perform and Underperform.
Coverage12M
- Stocks
- 11
- Ratings
- 9
- Price targets
- 7
- Median upside
- +21.1%
- Upgrades
- 0
- Downgrades
- 0
- Initiations
- 7
- Reiterations
- 2
- Targets raised
- 0
- Targets cut
- 3
- Positive100%9
- Neutral0%0
- Negative0%0
Sectors
Ratings
Listing
Activity24M
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 CDNSCadence Design Systems, Inc. | Outperform | $375 |
 CLSCelestica Inc. | Outperform | $375 |
 FIVNFive9, Inc. | Outperform | $40 |
 PANWPalo Alto Networks, Inc. | Outperform | $330 |
 TEAMAtlassian Corporation | Outperform | $170 |
 APPAppLovin Corporation | — | $385 |
 CPRTCopart, Inc. | Outperform | — |
 CVLTCommvault Systems, Inc. | Outperform | — |
 NFLXNetflix, Inc. | Outperform | $1,165 |
 PAYXPaychex, Inc. | Outperform | — |
Analysts24M
- Shebly SeyrafiCLS · FIVN · PANW5
- Matthew ThorntonAPP · NFLX · WMG3
Recent actions
| Stock | Rating action | Rating | Target | Date |
|---|---|---|---|---|
| Paychex, Inc.PAYX | Initiate | Outperform | Sep 16 | |
| Five9, Inc.FIVN | Initiate | Outperform | $40 | Sep 16 |
 Ulta Beauty, Inc.ULTA | Initiate | Outperform | Sep 15 | |
| Celestica Inc.CLS | Initiate | Outperform | $375 | Sep 15 |
| Copart, Inc.CPRT | Initiate | Outperform | Sep 11 | |
| Cadence Design Systems, Inc.CDNS | Initiate | Outperform | $375 | Sep 11 |
| Commvault Systems, Inc.CVLT | Initiate | Outperform | Sep 10 | |
| Atlassian CorporationTEAM | Reiterate | Outperform | $400 →$170 | Aug 10 |
Similar coverage12M
References
- FBN Securities | Institutional Brokerage & Investment Servicesfbnsecurities.com
- About | FBN Securitiesfbnsecurities.com
- Investment Research | FBN Securitiesfbnsecurities.com
- Contact | FBN Securitiesfbnsecurities.com
- FBN Securities Stock Recommendations & Analyst Ratings | MarketBeatmarketbeat.com