New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 3, 2014
09:56 EDTAERI, ERIC, PRXL, PE, STBZ, STLOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Aerie Pharmaceuticals (AERI) initiated with a Buy at Canaccord... Alliance Fiber Optic (AFOP) initiated with a Buy at Sidoti... Ericsson (ERIC) initiated with a Hold at Jefferies... PAREXEL (PRXL) initiated with a Hold at KeyBanc... Parsely Energy (PE) initiated with a Sector Perform at RBC Capital... State Bank Financial (STBZ) initiated with a Buy at Wunderlich... Sterling Bancorp (STL) initiated with an Outperform at Raymond James.
News For AERI;ERIC;PRXL;PE;STBZ;STL From The Last 14 Days
Check below for free stories on AERI;ERIC;PRXL;PE;STBZ;STL the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 29, 2014
12:18 EDTPEOn The Fly: Midday Wrap
Subscribe for More Information
11:50 EDTERICEricsson set to buy Ambient Corp.out of bankruptcy, WSJ says
Ericsson is set to acquire Massachusetts-based Ambient Corp. for $7.5M, says the Wall Street Journal. Ambient filed for bankruptcy on July 28 because it was having trouble selling its "smart grid" technology to power companies, added the Wall Street Journal. Reference Link
11:26 EDTPEPermian stocks rally after Athlon bought by Encana
Shares of companies that obtain fossil fuels from the Permian Basin are climbing after one of the names in the sector, Athlon Energy (ATHL), agreed today to be acquired by Canadian energy giant Encana (ECA). Located in Texas and New Mexico, the Permian Basin has been yielding large amounts of oil recently. WHAT'S NEW: Encana agreed to buy Athlon for $58.50 per share in cash, or $5.9B, plus the assumption of debt for a total transaction value of approximately $7.1B. Encana noted that Athlon has about 140,000 net acres focused solely in the heart of the oil-rich Midland Basin within the Permian. "This transformative acquisition further accelerates our strategy and provides us with a prime position in what is widely acknowledged as one of North America's top oil plays," said Encana CEO Doug Suttles. Encana has been looking to increase its focus on oil and natural gas liquids and decrease its emphasis on natural gas. ANALYST REACTION: In a note to investors today, Sterne Agee analyst Tim Rezvan wrote that the Athlon deal provides "a very bullish price marker" for the other pure-play Permian stocks he covers. The terms of the deal suggest that Diamondback Energy (FANG) could jump 33%, while Energen (EGN) could rally 40%, the analyst wrote. PRICE ACTION: In late morning trading, Athlon surged 25% to $58.22 and Encana rose 2.5% to $21.67, Diamondback Energy advanced 2.6% to $75.52, Energen gained 1.5% to $74.14 RSP Permian (RSPP) and Parsely Energy (PE), two other exploration and production companies focused on the Permian Basin, were up 2.4% and 4.6%, respectively.
07:20 EDTPEJohnson Rice to hold a conference
Subscribe for More Information
07:03 EDTERICNeuStar plans to send report to FCC this week, NY Times says
NeuStar (NSR) plans this week to send the Federal Communications Commission a 45-page report done by former secretary of the Department of Homeland Security, Michael Chertoff, New York Times says. The report discusses national security concerns should NeuStar lose its $446M phone call routing contract to Ericsson (ERIC), as recommended to the FCC by a private phone-industry panel, the paper adds. Reference Link
September 24, 2014
09:59 EDTERICOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:56 EDTERICEricsson downgraded to Neutral at UBS
Subscribe for More Information
05:22 EDTERICEricsson downgraded to Neutral from Buy at UBS
September 23, 2014
07:33 EDTPRXLPAREXEL price target raised to $74 from $65 at SunTrust
Subscribe for More Information
September 22, 2014
09:49 EDTERICEricsson to hold a briefing
CEO Vestberg provides a briefing on sustainability and corporate responsibility initiatives at the NASDAQ offices in New York on September 22 at 10:30 am.
09:06 EDTERICEricsson acquires majority stake in Apcera
Apcera also announced that Ericsson has acquired a majority stake in the company. In addition, Ericsson has made a significant commitment to fund future operations and fuel growth and sales channel expansion. The all-cash deal is expected to close in Q4 and marks the most significant investment to date in deploying the next generation of PaaS technology. Apcera will retain its name and operate as a standalone company. Founder and CEO Derek Collison will continue as CEO. The company plans to immediately accelerate hiring as it prepares for expected growth.
08:11 EDTSTBZState Bank Financial receives regulatory approval for merger
Subscribe for More Information
07:14 EDTERICGSM Association to hold a conference
Subscribe for More Information
September 18, 2014
05:15 EDTERICEricsson discontinues development of modems
Ericsson announced it will discontinue future development of modems and shift parts of resources in modems to radio network R&D to better capture growth opportunities in this area. The change in strategy for modems comes as the company completes its previously communicated evaluation of the future of the modems business. In order to capture opportunities in radio networks, especially within small cells, energy efficiency and M2M, Ericsson has an immediate need to increase its R&D resources by approximately 500 people. Parts of the Modems organization have a relevant R&D competence base to support this growth.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use