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Stock Market & Financial Investment News

News Breaks
November 7, 2012
07:43 EDTAVNW, SEAC, RDWR, ALLT, AUDC, CRNT, CPAH, APKTNeedham to host a conference
Next-Gen Networks Conference is being held in New York on November 7 with webcasted company presentations to begin at 8 am; not all presentations may be webcasted. Webcast Link
News For ALLT;CPAH;SEAC;AUDC;APKT;ADTN;RDWR;CRNT;AVNW From The Last 14 Days
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February 24, 2015
09:24 EDTCRNTCeragon Networks sees Q1 revenue $90M-$100M, consensus $94.48M
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09:03 EDTAVNWAviat Networks awarded $9M contract for North American LTE network
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08:29 EDTCRNTCeragon Networks reports Q4 non-GAAP EPS (5c), consensus (5c)
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05:20 EDTALLTAllot Communications to acquire operations of Optenet
Allot Communications announced that it has signed a definitive agreement to acquire the operations of Optenet, an IT security company providing high-performance Security-as-a-Service solutions to service providers and large enterprises worldwide. Under the terms of the agreement, Allot will acquire the operations of Optenet for approximately $6.5M in cash to be paid upon and before closing, plus deferred and contingent purchase price. The deferred purchase price consists of approximately $5.5M to be paid over two years following closing. In addition, there will be a performance-based earn-out over a period of five years. The earn-out is capped at approximately $26M and is contingent upon reaching approximately $140 million in revenues in total over the following five years. The transaction is expected to close during the first quarter of 2015. Allot currently expects the acquisition to contribute a few millions of dollars to revenues and to be marginally accretive on a non-GAAP basis during fiscal year 2015.
February 22, 2015
11:39 EDTADTNADTRAN announces retirement of CFO James Matthews
ADTRAN announced the retirement of its CFO, James Matthews. Matthews’ retirement as SVP – Finance, CFO, Treasurer and Secretary of the company will be effective March 16. Matthews’ retirement as a Director will take effect with the company’s Annual Meeting on May 13; he will not stand for reelection. Matthews is retiring in order to spend time with his family. The company also announced that the Board has elected Michael Foliano, SVP – Global Operations, to the position of Interim CFO. Foliano will assume these responsibilities upon the effectiveness of Matthews’ resignation and will work with Matthews in transitioning these responsibilities until and after that date.
February 18, 2015
10:29 EDTALLTAllot Communications management to meet with Oppenheimer
Meeting to be held in New York on February 25 hosted by Oppenheimer.
10:05 EDTSEACOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Agnico Eagle (AEM) upgraded to Overweight from Neutral at JPMorgan... Amarin (AMRN) upgraded to Buy from Neutral at SunTrust... Capital Product (CPLP) upgraded to Accumulate from Neutral at Global Hunter... Carlyle Group (CG) upgraded to Buy from Neutral at Citigroup... Danone (DANOY) upgraded to Neutral from Underperform at Exane BNP Paribas... Express (EXPR) upgraded on lower promotional activity at Piper Jaffray... Kforce (KFRC) upgraded to Outperform from Market Perform at Avondale... Legg Mason (LM) upgraded to Buy from Hold at Jefferies... Rackspace (RAX) upgraded following Q4 results at Pacific Crest... Rosetta Resources (ROSE) upgraded to Buy from Neutral at Global Hunter... SeaChange (SEAC) upgraded to Buy from Hold at Noble Financial... Valero (VLO) upgraded to Outperform from Neutral at Credit Suisse... Veeco (VECO) upgraded to Buy from Hold at Noble Financial... Wolverine World Wide (WWW) upgraded to Neutral from Underperform at Sterne Agee.
08:03 EDTSEACSeaChange upgraded to Buy from Hold at Noble Financial
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February 17, 2015
05:31 EDTADTNADTRAN receives extension of TL 9000 certification in R&D facility
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