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Stock Market & Financial Investment News

News Breaks
November 7, 2012
07:43 EDTAVNW, CRNT, RDWR, APKT, AUDC, SEAC, CPAH, ALLTNeedham 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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April 16, 2014
12:47 EDTADTNOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as the earnings season picks up steam. Stocks began the session sharply higher, with the market attempting to extend the rally that began on Monday. The move upward comes in spite of the dayís housing data coming in below expectations. This afternoon, investors will be watching the Fedís Beige Book report in hopes it provides evidence that the economy is strengthening. ECONOMIC EVENTS: In the U.S., housing starts in March were up 2.8% from the prior month to a rate of 946K, versus expectations for an increase of 7%. Building permits were down 2.4% to a 990K rate, versus expectations for a decline of 0.4%. Industrial production rose 0.7% in March, which was ahead of the 0.5% forecast. The Fedís Beige Book report, which includes anecdotal reports on business conditions in the various Fed districts, is due out at 2:00 pm ET. In China, data showed its economy grew 7.4% in the first quarter from a year earlier, providing relief after recent signs that growth in the world's second largest economy has been slowing. COMPANY NEWS: Shares of Bank of America (BAC) were down over 2% near midday after the company reported a first quarter loss of 5c per share, which was influenced by $6B in legal charges. The $6B in litigation expense, which was related to a previously announced settlement with the Federal Housing Finance Agency and added reserves for other legacy mortgage-related matters, hurt the banks earnings by about 40c per share... Yahoo (YHOO) rose more than 6% after reporting first quarter profit and sales last night that beat expectations. A great deal of attention was also paid to the 66% year-over-year increase in revenue reported by Alibaba, the Chinese group of e-commerce sites in which Yahoo has a 24% stake. This morning, Wells Fargo upgraded its rating on Yahoo to Outperform from Market Perform and raised its price target range for shares to $45-$47 from $38-$40, while Jefferies assumed coverage of Yahoo and also raised its rating on the stock. MAJOR MOVERS: Among the notable gainers was SodaStream (SODA), which surged 9% after an Israeli website said that the company was in talks to sell a 10% or greater stake to a big name company such as PepsiCo (PEP), Dr Pepper Snapple (DPS), or Starbucks (SBUX). Also higher was drugmaker Zogenix (ZGNX), which gained nearly 10% after confirming that a judge prevented a ban on sales of the company's Zohydro pain medication in Massachusetts. Among the noteworthy losers was Agnico Eagle Mines (AEM), which fell 7.5% after agreeing to jointly acquire Osisko Mining in partnership with Yamana Gold (AUY). Yamana shares were also down 3%. Also lower following their earnings reports were ADTRAN (ADTN), which fell nearly 6%, and CSX (CSX), which dropped about 3%. INDEXES: Near midday, the Dow was up 124.14, or 0.76%, to 16,386.70, the Nasdaq was up 37.86, or 0.94%, to 4,072.02, and the S&P 500 was up 13.52, or 0.73%, to 1,856.50.
11:00 EDTADTNADTRAN sees Q2 GAAP gross margins 49% to 50%
On its Q1 conference, call the company added that it anticipates GAAP operating expenses for Q2 will be slightly higher than operating expense levels experienced in Q1.
10:46 EDTADTNADTRAN reiterates Q2 revenue view $172M-$180M, consensus $174.89M
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10:39 EDTADTNADTRAN says U.S. carrier sales started slower than typical in Q1
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05:04 EDTADTNADTRAN reports Q1 EPS 21c, consensus 17c
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April 14, 2014
07:58 EDTAUDCAudioCodes initiated with a Buy at Needham
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April 9, 2014
05:56 EDTAUDCAudioCodes announces approval of 3-year plan to establish new cloud R&D center
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April 7, 2014
08:56 EDTSEACSeaChange lack of warning could be seen as positive, says BWS Financial
BWS Financial believes SeaChange shares should begin to move higher after the company's in-line Q4 report came with no additional warnings and management reasserted that revenue that was delayed in FY14 would be recognized in FY15. BWS maintains a Strong Buy rating and $30 price target on SeaChange.

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