Acme Packet target raised to $13 from $9.50 at Cantor
Cantor raised its target on Acme Packet after the company reported results that the firm views as strong and raised its Q4 guidance. The firm maintains a Buy rating on the stock. :theflyonthewall.com
News For APKT From The Last 14 Days
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Today's noteworthy downgrades include: Research in Motion (RIMM) downgraded to Underperform from Hold at Jefferies...Cablevision (CVC) downgraded to Underweight from Neutral at JP Morgan...Edwards Lifesciences (EW) downgraded to Market Perform from Outperform at Wells Fargo...Rofin-Sinar (RSTI) downgraded to Neutral from Overweight at Piper Jaffray...Kforce (KFRC) downgraded to Hold from Buy at Deutsche Bank...Airgas (ARG) downgraded to Neutral from Buy at Goldman...Vertex Pharmaceuticals (VRTX) downgraded to Neutral from Buy at Goldman...Aetna (AET) downgraded to Buy from Conviction Buy at Goldman...Amerigroup (AGP) downgraded to Neutral from Buy at Goldman...ONEOK (OKE) downgraded to Neutral from Buy at Citigroup...Acme Packet (APKT) downgraded to Underperform from Neutral at Mizuho...RadioShack (RSH) downgraded to Equal Weight from Overweight at Morgan Stanley...Brocade (BRCD) downgraded to Market Perform from Outperform at JMP Securities...Merck (MRK) downgraded to Neutral from Buy at Davenport...CarMax (KMX) downgraded to Sector Perform from Outperform at RBC Capital...International Paper (IP) downgraded to Sector Perform from Outperform at RBC Capital...Abercrombie & Fitch (ANF) downgraded to Neutral from Outperform at Macquarie...Rowan Companies (RDC) downgraded to Neutral from Outperform at Macquarie. :theflyonthewall.com
Acme Packet February volatility elevated at 136 into Q4
Acme Packet February put option implied volatility is at 136, March is at 58; compared to its 26-week average of 67 according to Track Data, suggesting larger near term price movement into the expected release of Q4 results on February 2. :theflyonthewall.com
Today's noteworthy initiations include: Spirit Airlines (SAVE) initiated with a Buy at Deutsche Bank...Acme Packet (APKT) initiated with an Equal Weight at Morgan Stanley...Cummins (CMI) initiated with a Market Perform at William Blair...Brocade (BRCD) initiated with a Hold at Kaufman Bros...QLogic (QLGC) initiated with a Buy at Kaufman Bros. :theflyonthewall.com