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January 23, 2013
10:09 EDTSNA, SUNS, FIS, NFBK, FTK, QLGC, FISV, AVGO, PBF, STRZA, HRG, ELX, ALLT, UTHR, WDAY, EAGLOn 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.
Check below for free stories on ALLT;AVGO;FIS;ELX;FISV;EAGL;HRG;QLGC;WDAY;STRZA;FTK;UTHR;PBF;NFBK;SUNS;SNA the last two weeks.
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April 22, 2014
10:32 EDTELXHigh option volume stocks: MNK SWK TRGP ELX
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10:00 EDTPBFOn The Fly: Analyst Initiation Summary
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08:54 EDTWDAYSaaS fundamentals remain strong, buy pullback, says Morgan Stanley
Morgan Stanley said SaaS fundamentals remain strong and corporate spending and secular drivers remain strong. The analyst would use the pullback to buy favorite names that include ServiceNow (NOW), (CRM), Veeva (VEEV) and Workday (WDAY).
07:33 EDTPBFPBF Energy initiated with a Buy at BofA/Merrill
Target $35.
April 21, 2014
16:16 EDTAVGOITC rules Mellanox does not infringe Avago's laser driver patent
Mellanox Technologies (MLNX) announced that, on April 17, the U.S. International Trade commission issued its Final Determination ruling that Mellanox’s Active Optical Cable products and VCSEL drivers do not infringe Avago’s (AVGO) U.S. Patent Number 5,596,456, directed to a laser driver, which was asserted against Mellanox by Avago in an ITC complaint filed in September 2012. The ITC also affirmed the ALJ ruling that certain Mellanox cable products that contain a particular type of vertical cavity surface emitting laser do infringe another of Avago’s patents, US Patent No. 5,596,595, directed to a VCSEL and issued a limited exclusion order and cease and desist orders with respect to those products. The VCSELs in the products at issue are supplied to Mellanox by third parties. These orders, however, will not interrupt Mellanox’s ability to supply cables or otherwise impact Mellanox’s current or planned product offerings. Those orders are also not expected to have a material adverse effect on the company’s business, financial position, results of operations or cash flow.
April 17, 2014
14:46 EDTSNASnap-On price target range raised to $115-$120 at Barrington
Barrington raised its 2014 EPS estimate for Snap-On following the company's better than expected Q1 report. The firm raised its price target range on Snap-On to $115-$120 from $100-$110, but maintains its Market Perform rating on the shares.
07:04 EDTSNASnap-On sees FY14 CapEx $70M-$80M
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07:03 EDTSNASnap-On reports Q1 EPS $1.62, consensus $1.54
Reports Q1 revenue $837.7M, consensus $781.2M.
April 16, 2014
15:17 EDTSNANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include General Electric (GE), consensus 32c; Philip Morris (PM), consensus $1.16; Schlumberger (SLB), consensus $1.20; PepsiCo (PEP), consensus 75c; Union Pacific (UNP), consensus $2.37; UnitedHealth (UNH), consensus $1.09; Honeywell (HON), consensus $1.26; Goldman Sachs (GS), consensus $3.44; du Pont (DD), consensus $1.59; Morgan Stanley (MS), consensus 60c; Danaher (DHR), consensus 80c; BlackRock (BLK), consensus $4.14; Blackstone (BX), consensus 55c; Chipotle Mexican Grill (CMG), consensus $2.86; Mattel (MAT), consensus 9c; Snap-on (SNA), consensus $1.54; AutoNation (AN), consensus 74c.
April 15, 2014
10:09 EDTFISFIS upgraded to Outperform from Market Perform at Avondale (pre-open)
April 14, 2014
08:28 EDTWDAYChecks positive for Workday, says Wedbush
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08:19 EDTFISFIS acquires CMSI, terms not disclosed
FIS announced the acquisition of CMSI, a provider of consumer loan origination software and services. Terms of the transaction were not disclosed.
April 10, 2014
16:10 EDTELXSkilled Healthcare names COO, CIO
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15:40 EDTWDAYWorkday April volatility increases to 61 on wide price movement
Workday April call option implied volatility is at 61, May is at 54, June is at 58, September is at 49; compared to its 26-week average of 40 according to Track Data, suggesting larger near term price movement.
09:09 EDTWDAYWorkday shares should be bought ahead of results, says Pacific Crest
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08:18 EDTAVGOMicron licenses SerDes IP from Avago for Hybrid Memory Cube
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07:24 EDTUTHRInternational Society for Heart & Lung Transplantation to hold annual meeting
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April 9, 2014
16:03 EDTAVGOLSI Corp. stockholders approve acquisition by Avago
LSI Corporation (LSI) announced that its stockholders approved the previously announced merger agreement with Avago Technologies (AVGO) at a special meeting of stockholders. Upon the closing of the merger, stockholders of LSI will be entitled to receive $11.15 per share in cash, without interest, less any required tax withholding. Completion of the merger is subject to remaining regulatory approvals in various jurisdictions and LSI expects the merger to close in the first half of 2014.
07:28 EDTAVGOAvago price target raised to $76 from $65 at Canaccord
Canaccord raised its price target on Avago (AVGO) citing its growth potential in the China TD-LTE market, strong RF participation in the smartphones market, and improved margins following the close of its acquisition of LSI Corp (LSI). Shares are Buy rated.

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