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Stock Market & Financial Investment News

News Breaks
February 4, 2013
13:10 EDTALVR, RKUSAlvarion still has a few positive catalysts, Globes columnist writes
Israel's Alvarion (ALVR) may report stronger than expected Q4 results on February 20, Israeli stock analyst Shlomi Cohen wrote in Globes. The company's results will benefit from the sale of patents, and payments on its Nortel debt, Cohen believes. Alvarion has put its WiMax unit up for sale, and, following the sale, the company will become a pure play on WiFi, which is a "hot item on Wall Street," he wrote. Alvarion could also become a takeover target for Ruckus (RKUS), the analyst added. Reference Link
News For ALVR;RKUS From The Last 14 Days
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May 17, 2013
10:07 EDTRKUSOn The Fly: Analyst Upgrade Summary
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06:05 EDTRKUSRuckus Wireless upgraded to Buy from Neutral at Goldman
Goldman upgraded Ruckus Wireless based on valuation and WiFi growth. Price target is $19.
May 15, 2013
10:00 EDTRKUSRuckus Wireless falls 8.7%
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May 10, 2013
16:03 EDTALVRAlvarion completes sale of carrier licensed division to Telrad
Under the finally agreed terms, Alvarion will receive consideration of $4M, paid in installments over four quarters, with the first payment of $1.3M payable at closing. In addition, Alvarion may receive certain performance-based milestone payments of up to $7.7M. The change in consideration from the originally-agreed consideration of $6M plus up to $6.1M in certain performance-based milestone payments, announced on February 21 resulted from a waiver of certain closing conditions in order to ensure and expedite the closing of the transaction.
May 7, 2013
12:58 EDTRKUSOn The Fly: Midday Wrap
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12:00 EDTRKUSRuckus Wireless falls 22.9%
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10:00 EDTRKUSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Aeropostale (ARO) downgraded to Sell from Hold at Brean Capital... AIG (AIG) downgraded to Neutral from Buy at Goldman... Alpha Natural (ANR) downgraded to Sell from Neutral at Goldman... American Eagle (AEO) downgraded to Market Perform from Outperform at Wells Fargo... Coach (COH) downgraded to Market Perform from Outperform at Wells Fargo... Iconix Brand (ICON) downgraded to Hold from Buy at Brean Capital... International Rectifier (IRF) downgraded to Market Perform at JMP Securities... Mettler-Toledo (MTD) downgraded to Hold from Buy at Jefferies... TJX (TJX) downgraded to Market Perform from Outperform at Wells Fargo... Tiffany (TIF) downgraded to Market Perform from Outperform at Wells Fargo... North American Palladium (PAL) downgraded to Market Perform at Raymond James... Ducommun (DCO) downgraded to Neutral from Buy at B. Riley... International Rectifier (IRF) downgraded at JMP Securities... Hologic (HOLX) downgraded to Buy from Strong Buy at ISI Group... Ruckus Wireless (RKUS) downgraded to Neutral from Buy at Lazard Capital.
10:00 EDTRKUSRuckus Wireless falls 24.4%
Ruckus Wireless is down 24.4%, or $4.64, to $14.36
09:17 EDTRKUSOn The Fly: Pre-market Movers
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09:00 EDTRKUSRuckus Wireless falls 24.1%
Ruckus Wireless is down 24.1%, or $4.58, to $14.42
07:21 EDTRKUSRuckus Wireless downgraded to Neutral from Buy at Lazard Capital
Lazard Capital downgraded Ruckus Wireless following the company's Q1 results.
May 6, 2013
18:56 EDTRKUSOn The Fly: After Hours Movers
UP AFTER EARNINGS: MercadoLibre (MELI), up 10%... Santarus (SNTS), up 11.2%... BroadSoft (BSFT), up 8%. ALSO HIGHER: First Solar (FSLR), up 1.2% after reporting first quarter earnings, affirming its full-year guidance, and announcing plans to cut 150 employees this quarter. DOWN AFTER EARNINGS: Ruckus Wireless (RKUS), down 17%... Forest Oil (FST), down 4.2%. ALSO LOWER: Generac (GNRC), down 3.2% after filing to sell 9M shares of common stock for holders.
16:23 EDTRKUSRuckus Wireless sees Q2 adjusted EPS 3c-4c, consensus 4c
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16:23 EDTRKUSRuckus Wireless reports Q1 adjusted EPS 3c, consensus 4c
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13:16 EDTALVRAlvarion, Eltek could be near major deals, Globes columnist writes
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