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March 13, 2013
11:31 EDTANN, P, MTG, CIEN, SKULOptions with decreasing implied volatility: ANN P MTG CIEN SKUL
News For ANN;P;MTG;CIEN;SKUL From The Last 14 Days
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August 13, 2014
11:27 EDTCIENJDSU falls after outlook disappoints, analyst downgrades
Shares of JDSU (JDSU), a provider of equipment to telecommunications service providers, are sharply lower after the company's fourth quarter results and first quarter guidance were reported last night. Following the report, the stock was downgraded this morning at two Street research firms. WHAT'S NEW: Last night, JDSU reported fourth quarter adjusted earnings of 14c per share, beating the consensus forecast by 1c, on revenue of $448.6M, which topped the consensus $436.8M view. However, JDSU expects revenue to be $405M-$425M in its first quarter and sees Q1 EPS of 8c-12c, which fell short of consensus of about $441M and 14c, respectively. JDSU's President and CEO Tom Waechter said, "Looking ahead to fiscal 2015, we believe there are strong market drivers across our three business segments, and that we are well positioned with differentiated products and solutions to support our customers as they transition to Software Defined Networks, Network Function Virtualization and more dependency on cloud infrastructure. We continue to lead in our core network and anti-counterfeiting markets and I am pleased with the momentum we are building in our commercial lasers business on the strength of our highly differentiated fiber laser product line." ANALYST OPINION: Following the company's report, B. Riley analyst Dave Kang cut his rating on JDSU shares to Neutral from a Buy rating, citing near-term uncertainties in the North American telecom market. Kang pointed to two events contributing to that uncertainty, namely an architectural shift to SDN, or Software Defined Networking, and AT&T's (T) planned merger with DirecTV (DTV). The analyst acknowledged previously underestimating the potential impact of the SDN shift on the telecom equipment industry and noted that appears to be impacting JDSU's NSE business more than its optical component unit. Kang prefers Finisar (FNSR) over JDSU given the current environment, noting that about 70% of Finisar's sales come from the datacom sector. Kang lowered his price target on JDS Uniphase shares to $11.75 from $15.50. Piper Jaffray analyst Troy Jensen also downgraded JDSU following its report, lowering his rating on the stock to Neutral from Overweight. Jensen also said the company's worse than expected guidance indicates softer Telco spending and he believes JDSU will have trouble showing significant revenue acceleration even if the optical upgrade cycle starts to ramp up. Piper lowered its price target on the stock to $12 from $14. OTHERS TO WATCH: Other providers of telecom equipment include Ciena (CIEN) and Infinera (INFN). PRICE ACTION: In morning trading, shares of JDSU fell $1.12, or 9.4%, to $10.78. Meanwhile, shares of Finisar were down nearly 2% to $19.58, Ciena slipped 1.5% to $18.92 and Infinera was fractionally higher at $9.09.
11:15 EDTANNAnn Inc. September volatility elevated into Q2 and outlook
Ann Inc. September call option implied volatility is at 34, December is at 31; compared to its 26-week average of 34 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on August 22.
06:35 EDTPPandora coverage resumed with a Buy at Stifel
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August 12, 2014
12:01 EDTPStocks with call strike movement; P SCTY
Pandora (P) January 31 call option implied volatility decreased 1% to 54, SolarCity (SCTY) January 85 call option implied volatility decreased 3% to 54 according to IVolatility.
10:06 EDTSKULSkullcandy gaps up following upgrade
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10:00 EDTSKULOn The Fly: Analyst Upgrade Summary
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05:58 EDTPStocks with implied volatility movement; P AZN
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05:32 EDTSKULSkullcandy upgraded to Hold from Underperform at Jefferies
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August 11, 2014
15:27 EDTMTGSusquehanna to hold a forum
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15:19 EDTPPandora calls activate on company seen attracting interest report
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15:08 EDTPPandora seen attracting interest, DealReporter says
Pandora (P) is seen as attracting buyout interest, DealReporter says, according to contacts.
06:57 EDTMTGUBS to hold a conference
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August 8, 2014
10:00 EDTANNOn The Fly: Analyst Downgrade Summary
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08:53 EDTANNAnn Inc. price target lowered to $41 from $46 at Janney Capital
Janney Capital cut its estimates for Ann Inc. after the company issued a revenue warning for Q2 and lowered its fair value estimate on the stock to $41 from $46. The firm maintains its Buy rating on the stock.
07:01 EDTMTGMGIC Investment reports July primary new insurance written $3.6B
MGIC Investment reports primary new insurance written for May of $3.6B and beginning primary delinquent inventory of 85,416 loans.
06:43 EDTANNAnn Inc. downgraded to Neutral from Buy at UBS
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August 7, 2014
07:49 EDTANNAnn Inc. lowers Q2 rrevenue view to $648M from $670M, consensus $672.43M
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August 6, 2014
13:46 EDTPPandora to partner with record label Merlin
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11:35 EDTPPandora call activity attributed to renewed takeover speculation
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10:02 EDTPRumor: Pandora spike attributed to renewed takeover speculation
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