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Stock Market & Financial Investment News

News Breaks
November 7, 2012
07:43 EDTCPAH, APKT, AVNW, SEAC, RDWR, ALLT, AUDC, CRNTNeedham 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
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January 28, 2015
13:49 EDTSEACRoumell lowers stake in SeaChange to 5.5% from 6.2%, says buyback unecessary
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12:52 EDTRDWROn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as a blowout quarter from Apple (AAPL) offset a bit of the earnings season jitters that several Dow members' misses had sent through the market yesterday. The market saw its highs a short time after the open, as the better than expected earnings reports from both Apple and Boeing (BA) drove an early bounce. The U.S. averages gave up all their gains and moved into the red for a moment, but have managed to drift higher again following the close of the European markets. Next up is the Fed’s rate announcement and accompanying statement, which is due out shortly. ECONOMIC EVENTS: In the U.S., crude oil inventories built up by 8.87M barrels last week, versus the consensus forecast for a build of 3.85M barrels. The price of WTI crude was down 2.5% near noon following the report and dipped back below $45 per barrel earlier in the morning. The Federal Reserve’s rate announcement is due out this afternoon at 2:00 pm ET. COMPANY NEWS: Shares of Apple jumped nearly 8% after the tech giants first quarter results handily topped estimates. A number of analysts hiked their price targets for the stock after the report, with JPMorgan raising its price target for Apple shares to $140 from $112 and Cantor increasing its price target to a "Street high" $160 from $143. Of note, Apple also said that Apple Watch is expected to ship in April... Yahoo (YHOO) shares rose 2.3% after the company reported earnings and announced plans to split into two companies: one that will own Yahoo’s core operating business and its stake in Yahoo Japan and another that will hold a legacy operating business and Yahoo’s remaining 15% stake in Alibaba (BABA). Yahoo plans for a tax-free spin-off of the company's remaining 384M shares of Alibaba, valued at $40B based on the closing price on January 26, and people familiar with the matter told Financial Times that the decision "significantly increases" the chances of Alibaba buying back that stake. MAJOR MOVERS: Among the notable gainers was Abiomed (ABMD), which jumped 30% after announcing that the Impella RP System has received FDA approval under a Humanitarian Device Exemption and raising its FY15 revenue guidance. Also higher following their earnings reports were Freescale Semiconductor (FSL), which rose 20%, U.S. Steel (X), which gained 14%, and Electronic Arts (EA), which advanced 14%. Among the noteworthy losers was Pilgrim's Pride (PPC), which dropped 6% as its shares went "ex-special dividend," meaning investors buying the stock from here forth will not be entailed to the $5.77 per share special dividend, which is payable on February 17. Also lower following their earnings reports were Radware (RDWR), which fell over 13%, and Ethan Allen (ETH), which dropped more than 12%. INDEXES: Near midday, the Dow was up 71.28, or 0.41%, to 17,458.49, the Nasdaq was up 31.54, or 0.67%, to 4,713.03, and the S&P 500 was up 5.31, or 0.26%, to 2,034.86.
09:23 EDTRDWRRadware drops 8.9% after Q1 guidance misses expectations
Radware shares are down 8.9% to $20.40 in pre-market trading after the company's Q1 EPS and revenue guidance fell short of consensus estimates. Radware guided to Q1 EPS 20c-23c and revenue of $56M-$58M on its Q4 earnings conference call. Consensus for Q1 EPS and revenue were 23c and $58.14M, respectively.
09:15 EDTRDWRRadware says seeing 'consistent level of demand' in market
09:01 EDTRDWRRadware says investing more in R&D, marketing to capture opportunities
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08:53 EDTRDWRRadware sees Q1 EPS 20c-23c, consensus 23c
Sees Q1 revenue $56M-$58M, consensus $58.14M. Sees gross margin 82%-83%. Guidance issued on Q4 earnings conference call.
07:03 EDTRDWRRadware reports Q4 EPS 28c, consensus 27c
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January 27, 2015
05:33 EDTAUDCAudioCodes sees FY15 EPS 26c-30c, consensus 28c
Sees FY15 revenue $162M-$167M, consensus $166.22M.
05:32 EDTAUDCAudioCodes reports Q4 EPS 6c, consensus 6c
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January 26, 2015
05:29 EDTALLTAllot Communications secures video optimization orders from 3 mobile operators
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January 22, 2015
11:37 EDTADTNKornitzer Capital reports 7.1% passive stake in ADTRAN
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January 21, 2015
13:45 EDTSEACRoyce & Associates reports 8.49% passive stake in SeaChange
10:46 EDTADTNADTRAN sees Q1 revenue slightly up on sequential basis, consensus $174.48M
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10:45 EDTADTNADTRAN sees Q1 revenue slightly up on sequential basis
Sees gross margins flat to slightly lower in Q1. Sees GAAP operating expenses slightly up on sequential basis. Says sees "several" bright spots in 2015. Says sees continued growth in Tier 3 space. Sees new product wins, continued growth in Latin America and EMEA. Comments made on the Q4 earnings conference call. ADTRAN is down 1.52% to $22.70 in mid morning trading.
05:02 EDTADTNADTRAN reports Q4 EPS 19c, consensus 10c
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January 20, 2015
15:21 EDTADTNNotable companies reporting before tomorrow's open
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07:30 EDTSEACSeaChange upgraded to Buy from Neutral at Dougherty
Dougherty upgraded SeaChange to Buy with a $9 price target based on valuation and potential catalysts from new CEO Jay Samit.
January 15, 2015
10:38 EDTADTNADTRAN volatility elevated into Q4 and outlook
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