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Stock Market & Financial Investment News

News Breaks
September 10, 2012
10:26 EDTTWO, HCLP, CYTR, SEE, FNSR, PDH, EFC, APKT, BMS, ATROn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Acme Packet (APKT) initiated with a Sector Perform at RBC Capital... AptarGroup (ATR) initiated with a Neutral at JPMorgan... Bemis (BMS) initiated with a Neutral at JPMorgan... CytRx (CYTR) initiated with an Outperform at Rodman & Renshaw... Ellington Financial (EFC) initiated with a Buy at BofA/Merrill... Finisar (FNSR) initiated with a Sector Perform at RBC Capital... Hi-Crush Partners (HCLP) initiated with a Buy at UBS... Hi-Crush Partners initiated with an Outperform at Credit Suisse... PetroLogistics (PDH) initiated with a Buy at Dahlman Rose... Sealed Air (SEE) initiated with an Overweight at JPMorgan... Two Harbors (TWO) initiated with a Buy at BofA/Merrill.
News For APKT;ATR;BMS;CYTR;EFC;FNSR;HCLP;PDH;SEE;TWO From The Last 14 Days
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February 8, 2016
10:06 EDTCYTRHigh option volume stocks
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February 5, 2016
17:05 EDTEFCEllington Financial reports estimated book value per share $22.06 as of Jan 31
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February 4, 2016
18:22 EDTATRAptarGroup sees Q1 EPS 69c-74c, consensus 74c
18:21 EDTATRAptarGroup reports Q4 adjusted EPS 67c, consensus 65c
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17:03 EDTBMSBemis raises share repurchase authorization by 20M shares, increases dividend 4%
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February 3, 2016
12:12 EDTFNSROclaro spikes after quarterly results, optical peers follow
Shares of optical networking firm Oclaro (OCLR) are advancing, along with its peers, after Oclaro reported better than expected quarterly results. WHAT'S NEW: After the close on Tuesday, Oclaro reported second quarter adjusted earnings per share of 3c on revenue of $94.1M. Both EPS and revenue were better than consensus estimates of (1c) and $91.5M, respectively. The company's adjusted gross margin rate for the quarter was 28.8%, much better than the 16.5% in the year ago quarter. Oclaro CEO Greg Dougherty pointed out the continuing growth in the company's 100G portfolio and said he expects revenue growth to continue in 2016. According to the CEO, revenue growth in the quarter "drove higher gross margin and net income." The company sees continued "robust" demand for its 100G product portfolio as it expands capacity in Asia. WHAT'S NOTABLE: Along with its Q2 results, Oclaro said it sees Q3 revenue of $97M-$103M, ahead of analyst expectations of $90.7M. On its Q2 earnings call, the company said it sees strong demand from China, with contract awards form China Telecom (CHA) and China Unicom (CHU ), which have deliveries slated for later in calendar year 2016. PRICE ACTION: Shares of Oclaro are up 10% in early afternoon trading. OPTICAL PEERS: Shares of other companies in the optical networking space are also out performing the market, including Finisar (FNSR), Infinera (INFN), Lumentum Holdings (LITE), NeoPhotonics (NPTN), and Ciena (CIEN).
February 2, 2016
16:26 EDTTWOTwo Harbors approves additional 50M shares repurchase
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January 29, 2016
06:44 EDTBMSBemis shares still have room to run, says Citi
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January 28, 2016
06:52 EDTBMSBemis sees FY16 EPS $2.68-$2.83, consensus $2.74
Sees FY16 effective tax rate of slightly above 33%. Sees FY16 cash from operations $450M-$500M. This includes continued reductions in working capital that are expected to meet the Company's objective of working capital as a percent of net sales in the range of 14 to 16 percent by the end of 2016. Sees FY16 CapEx $200M to support productivity and efficiency projects as well as growth projects driven by increased customer demand for value-added products.
06:50 EDTBMSBemis reports Q4 EPS 58c, consensus 59c
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January 26, 2016
11:42 EDTSEEOptions with increasing call volume; TEX MTW MTG SEE KBH SNDK WDC VALE VIAB PII
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07:38 EDTATRAptarGroup to host conference call
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January 25, 2016
17:03 EDTATRAptarGroup to acquire Mega Airless for $218M
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