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Stock Market & Financial Investment News

News Breaks
January 23, 2013
10:09 EDTSNA, SUNS, NFBK, PBF, UTHR, FTK, STRZA, WDAY, QLGC, HRG, EAGL, FISV, ELX, FIS, AVGO, ALLTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Allot Communications (ALLT) initiated with an Overweight at Barclays... Avago (AVGO) initiated with an Outperform at RBC Capital... Emulex (ELX) initiated with a Neutral at Piper Jaffray... FIS (FIS) initiated with a Buy at UBS... Fiserv (FISV) initiated with a Neutral at UBS... Global Eagle Acquisition (EAGL) initiated with an Outperform at Imperial Capital... Harbinger Group (HRG) initiated with a Buy at Jefferies... Mellanox (MLNX) initiated with an Overweight at Piper Jaffray... QLogic (QLGC) initiated with a Neutral at Piper Jaffray... Starz (STRZA) initiated with a Neutral at ISI Group... Workday (WDAY) initiated with a Neutral at RW Baird... Flotek (FTK) initiated with an Outperform at Barrington... United Therapeutics (UTHR) initiated with a Neutral at Guggenheim... PBF Energy (PBF) initiated with a Neutral at Citigroup... Northfield Bancorp (NFBK) initiated with a Buy at Sterne Agee... Solar Senior Capital (SUNS) initiated with a Buy at Maxim... Snap-On (SNA) initiated with a Neutral at Sidoti.
News For ALLT;AVGO;FIS;ELX;FISV;EAGL;HRG;QLGC;WDAY;STRZA;FTK;UTHR;PBF;NFBK;SUNS;SNA From The Last 14 Days
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August 19, 2014
17:34 EDTPBFPBF Energy announces $200M share repurchase program
PBF Energy announced that its board of directors has authorized the repurchase of up to $200M of PBF Class A common stock. This repurchase authorization expires on September 30, 2016. “Returning capital to our shareholders is fundamental to creating value and enhancing shareholder returns,” said PBF Energy CEO Tom Nimbley. “Today’s announcement reaffirms this ongoing commitment to our shareholders.”
06:29 EDTAVGOMorgan Stanley remains a buyer of Avago
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August 18, 2014
11:41 EDTUTHRCubist rises after report sparks takeover interest speculation
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10:29 EDTAVGOGoldman cuts sector view on semiconductors to Cautious
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08:04 EDTAVGOSemiconductors sector downgraded to Cautious from Neutral at Goldman
Goldman downgraded the Semiconductors sector to Cautious given signs the cycle is turning based on expectations for a slowdown in semiconductor revenue growth, above trend semi unit shipments that should normalize, and stretching lead times. As a result, the analyst sees risk to Q4 estimates and sees further downside of 10%-25% for the SOX (SOX) and downgraded NXP Semiconductors (NXPI) to Sell from Neutral, InvenSense (INVN) to Neutral from Buy, and removed Maxim Integrated (MXIM) from the Conviction Buy List.
August 14, 2014
16:54 EDTSTRZABerkshire Hathaway gives quarterly update on stakes
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05:52 EDTAVGOOpco sees Cicso results as favorable for supply chain
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August 13, 2014
17:38 EDTAVGOAvago to sell Axxia Networking Business to Intel for $650M
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10:01 EDTWDAYOn The Fly: Analyst Initiation Summary
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August 12, 2014
16:06 EDTWDAYWorkday initiated with a Buy at Cantor
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August 11, 2014
11:33 EDTWDAYWorkday rises after reportedly winning record deal with McDonald's
Shares of cloud-based human capital management solution provider Workday (WDAY) are rising after the company is said to have won a deal with global fast food giant McDonald's (MCD) that would be the biggest in its history. WHAT'S NEW: JMP Securities analysts Patrick Walravens and Peter Lowry wrote in a note to investors this morning that the firm's checks indicate that Workday was awarded the human capital management business at McDonald’s, which the analysts said could be the biggest deal in the company’s history. The firm increased its estimate for Workday's Q2 billings to $185M from $182M, noting that both are above the company's guidance of $180M in billing for Q2. JMP maintains its Market Outperform rating and $126 price target on Workday, but the analysts noted that they like the stock over the longer-term, citing its market leading position in the Software-as-a-Service Enterprise Resource Planning space, which is set to triple from 2013 to 2020. PRICE ACTION: In late morning trading, shares of Workday gained $2.43, or 2.9%, to $86.34.
06:49 EDTWDAYWorkday won human capital business at McDonald's, says JMP Securities
JMP Securities says its due diligence indicates Workday (WDAY) won the human capital management business at McDonald's (MCD). JMP believes the contract could be the biggest deal in Workday's history and it raised its Q2 billings estimate to $185M from $182M. The firm keeps an Outperform rating on Workday with a $126 price target.
August 8, 2014
08:33 EDTHRGHarbinger Group reports Q3 EPS 28c, compared to 25c a year ago
Reports Q3 revenue $1.6B, compared to $1.4B a year ago.
August 7, 2014
17:06 EDTELXEmulex sees Q1 EPS 7c-11c, consensus 6c
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17:04 EDTELXEmulex reports Q4 EPS 7c, consensus 3c
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August 6, 2014
17:18 EDTFTKFlotek reports Q2 EPS 20c, consensus 23c
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10:00 EDTFISV, FISOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Burlington Stores (BURL) initiated with a Neutral at Sterne Agee... EZchip (EZCH) initiated with an Outperform at Imperial Capital... FIS (FIS) initiated with a Buy at Monness Crespi... Fiserv (FISV) initiated with a Buy at Monness Crespi... Michaels Stores (MIK) initiated with a Buy at Deutsche Bank... Nordson (NDSN) initiated with a Market Perform at Wells Fargo... PepsiCo (PEP) initiated with a Reduce at Nomura... Restoration Hardware (RH) coverage assumed with an Outperform at Avondale... RingCentral (RNG) initiated with an Outperform at Oppenheimer... ServiceMaster (SERV) initiated with a Buy at BofA/Merrill... Tesla (TSLA) initiated with an Outperform at Pacific Crest... Under Armour (UA) initiated with a Fair Value at CRT Capital.
07:47 EDTFISVFiserv initiated with a Buy at Monness Crespi
Target $76.
07:47 EDTFISFIS initiated with a Buy at Monness Crespi
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