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Stock Market & Financial Investment News

News Breaks
April 8, 2014
10:03 EDTSINA, SWN, GIMO, BOKF, KLAC, SRC, CSCO, AR, LPSN, QCOR, BANC, AEOOn The Fly: Analyst Downgrade Summary
American Eagle (AEO) downgraded to Neutral from Buy at Janney Capital... Antero Resources (AR) downgraded to Neutral from Buy at Citigroup... BOK Financial (BOKF) downgraded to Underperform from Market Perform at BMO Capital... Banc of California (BANC) downgraded to Market Perform at Raymond James... Cisco (CSCO) downgraded to Hold from Buy at Wunderlich... Gigamon (GIMO) downgraded to Sector Perform from Outperform at Pacific Crest... Questcor (QCOR) downgraded to Hold from Buy at Jefferies... Spirit Realty (SRC) downgraded to Equal Weight from Overweight at Morgan Stanley... Southwestern Energy (SWN) downgraded to Neutral from Buy at Citigroup... LivePerson (LPSN) downgraded to Hold from Buy at Benchmark Co.... KLA-Tencor (KLAC) downgraded to Sector Perform from Outperform at Pacific Crest... SINA (SINA) downgraded to Neutral from Buy at Mizuho.
News For AEO;AR;BOKF;BANC;CSCO;GIMO;QCOR;SRC;SWN;LPSN;KLAC;SINA From The Last 14 Days
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February 8, 2016
06:17 EDTCSCOCisco upgraded to Neutral from Underperform at Macquarie
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February 5, 2016
17:24 EDTKLACKLA-Tencor agrees in principle to resolve merger related suit with Lam Research
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10:36 EDTCSCOActive puts: SPY QQQ MDLZ IWM CSCO
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February 3, 2016
16:40 EDTCSCOCisco and Jasper Technologies hold a joint conference call
Cisco Vice President Salvagno and Jasper Technologies CEO Mohammed discuss Cisco's intent to acquire Jasper Technologies on a joint conference call to be held on February 3 at 5 pm. Webcast Link
16:19 EDTCSCOCisco to acquire Jasper Technologies for $1.4B
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14:36 EDTCSCOArista shares jump as analysts encouraged patent issues can be overcome
Shares of Arista Networks (ANET) jumped Wednesday after the U.S. International Trade Commission reached an initial determination in the first of the company's ongoing patent disputes with Cisco (CSCO). The findings, though not entirely in Arista's favor, were cheered by several Wall Street analysts, who foresee little to no impact on Arista's business from the patent fight. NO BUSINESS IMPACT: Oppenheimer analyst Ittai Kidron argued today that, while the ITC's early ruling found Arista in violation of three of the five Cisco patents in question, the company already has workarounds for two of the disputed patents and is working on a third. That last workaround is scheduled for a second quarter rollout and could potentially miss the final determination deadline, but Kidron explained that Arista would simply work with U.S. Customs on the matter at that point. The analyst expects Arista to take the necessary steps to preempt any disruption and foresees zero impact to its business, leading him to keep an Outperform rating on the shares and recommends buying them on any weakness. Kidron noted, however, that the stock could be volatile surrounding the final determination in early June and the rulings for the second ITC investigation, due late April and August. ARISTA ATTRACTIVE: Wells Fargo analyst Jess Lubert echoed Kidron's bullish outlook, saying the ITC findings were largely as expected and "more than priced into" the shares. Arista's story remains attractive, customer sentiment is unlikely to be affected, and securing approval for the Q2 software workaround is "unlikely to be a problem," said the analyst, adding that the additional engineering costs associated with the fix appear already embedded in Arista's financial model. Lubert kept an Outperform rating on the shares, though he too noted potential volatility surrounding future legal findings. PRICE ACTION: Shares of Arista Networks have jumped 5.4% to $60.83, while Cisco has edged up nearly 1%.
07:37 EDTCSCOArista Networks infringement 'largely priced into shares,' says Wells Fargo
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07:17 EDTCSCOArista Networks should be bought o nany weakness, says Oppenheimer
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06:04 EDTCSCOCisco says ITC ruling 'beginning of the end' for Arista's copying
Cisco's (CSCO) Mark Chandler in a blog post last night commented on the International Trade Commission's ruling in the first of their investigations into Arista Networks (ANET). The judge found violations of three Cisco patents, foreshadowed an exclusion order banning imports of all Arista switches and installed a challenging ITC review process for any new designs, Chandler wrote. "The details of the Judge's determination will be published within 30 days, but this notice marks the beginning of the end for Arista's systemic copying of our intellectual property," he added. He listed four options for Arista: Withdraw the products, modify the products so that they no longer infringe, face an exclusion order or evade the ITC exclusion order. Chandler continued, "And this is just the beginning. In April we will see a ruling in the second ITC investigation, which may confirm more violations and import bans. Arista will also face two District Court juries with these rulings on their record. The judges and juries in those trials will note this day as the day that Arista no longer can pretend that its products aren't tainted by misconduct. This will be important as they consider injunctions to remove infringing Arista product from the market." Shares of Arista closed yesterday down $1.56 to $57.70. Cisco closed down 65c to $22.83. Reference Link
February 2, 2016
16:25 EDTCSCOArista responds to initial ruling in Cisco dispute, plans new software in Q2
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15:50 EDTCSCOCisco looks to stop imports of Arista Networks routers, Bloomberg says
Arista (ANET), according to a U.S. trade judge, violates three Cisco (CSCO) patents, adds Bloomberg.
15:16 EDTSWNS&P takes rating actions on U.S. investment-grade E&P companies
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10:26 EDTCSCOFireEye calls active
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10:18 EDTCSCOCisco could be interested in FireEye, dealReporter says citing sources
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10:01 EDTAR, SWNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Agnico Eagle (AEM) downgraded to Hold from Buy at Desjardins... Alere (ALR) downgraded to Hold from Buy at Canaccord... Antero Resources (AR) downgraded to Reduce from Neutral at SunTrust... Carbylan (CBYL) downgraded to Market Perform from Outperform at Leerink... Copa Holdings (CPA) downgraded to Hold from Buy at Deutsche Bank... Dominion (D) downgraded to Neutral from Buy at Citi... Duke Energy (DUK) downgraded to Market Perform from Outperform at Wells Fargo... Hain Celestial (HAIN) downgraded to Neutral from Overweight at Piper Jaffray... Integrated Device (IDTI) downgraded to Neutral from Buy at BofA/Merrill... Logitech (LOGI) downgraded to Underweight from Equal Weight at Morgan Stanley... Merus Labs (MSLI) downgraded to Sector Perform from Outperform at Scotiabank... New Gold (NGD) downgraded to Sell from Buy at Desjardins... Nokia (NOK) downgraded to Underperform from Buy at CLSA... Plantronics (PLT) downgraded to Underperform from Outperform at Raymond James... Pool Corp. (POOL) downgraded to Equal Weight from Overweight at Stephens... Praxair (PX) downgraded to Sector Weight from Overweight at KeyBanc... Rofin-Sinar (RSTI) downgraded to Neutral from Buy at Longbow... Southwestern Energy (SWN) downgraded to Neutral from Overweight at JPMorgan... Stifel cuts Twitter (TWTR) to Sell after noting Yahoo has significantly more users... Superior Energy (SPN) downgraded to In-Line from Outperform at Imperial Capital... Sysco (SYY) downgraded to Underweight from Equal Weight at Morgan Stanley... Telenor (TELNY) downgraded to Underperform from Neutral at Credit Suisse... Twitter (TWTR) downgraded to Sell from Hold at Stifel... Valeo (VLEEY) downgraded to Underweight from Equal Weight at Morgan Stanley.
09:19 EDTARAntero Resources downgraded on commodity prices at SunTrust
As noted earlier, SunTrust downgraded Antero to Reduce from Buy. The firm thinks that the company's margins will drop due to weak commodity prices. Target to $21 from $35.
09:10 EDTSWNSouthwestern Energy downgraded on difficult headwinds at SunTrust
As noted earlier, SunTrust downgraded Southwestern Energy to Neutral from Buy. The firm notes that the company is facing a difficult commodity price environment. Target $9.
07:23 EDTARAntero Resources downgraded to Reduce from Neutral at SunTrust
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07:22 EDTSWNSouthwestern Energy downgraded to Neutral from Buy at SunTrust
05:44 EDTSWNSouthwestern Energy downgraded to Neutral from Overweight at JPMorgan
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