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News Breaks
December 12, 2012
05:55 EDTAPP, APP, APP, SKUL, SKUL, SKUL, OSIS, OSIS, OSIS, MTH, MTH, MTH, IMAX, IMAX, IMAX, GLUU, GLUU, GLUU, FC, FC, FC, BDE, BDE, BDE, BBSI, BBSI, BBSI, ZAGG, ZAGG, ZAGGRoth Capital to host facility tours
Utah Corporate Access Event & Facility Tours of various companies throughout Utah on December 12-14.
News For APP;BBSI;BDE;FC;GLUU;IMAX;MTH;OSIS;SKUL;ZAGG From The Last 14 Days
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October 15, 2014
17:48 EDTAPPAmerican Apparel to make interest payment on bonds, Bloomberg says
According to sources retail chain American Apparel will make an interest payment on its bonds, says Bloomberg. American Apparel will make a payment of about $13M by today’s due date, added Bloomberg. Reference Link
13:22 EDTIMAXEarnings Preview: Netflix falls after HBO announced plans of streaming service
Netflix (NFLX) is expected to report third quarter earnings after the market close on Wednesday, October 15 with a conference call scheduled for 6:00 pm ET. Netflix is an Internet subscription service that allows members to watch TV shows and movies through DVD and on-demand streaming. EXPECTATIONS: Analysts are looking for earnings per share of 93c on revenue of $1.41B. The consensus range is 86c-$1.24 for EPS, and $1.39B-$1.43B for revenue, according to First Call. LAST QUARTER: Netflix reported second quarter EPS of $1.15 against estimates of $1.16, on revenue of $1.15B against estimates of $1.33B. It reported Q2 total streaming net additions of 1.69M and Q2-end total streaming members of 50.05M. The company reports Q2 international streaming net additions of 1.12M and Q2-end members of 13.8M. Netflix gave Q3 EPS guidance of 89c and revenue guidance of $1.22B. It also expects to add 3.69M net additions, with international approaching contribution profitability. Netflix said it can achieve U.S.-like margins in its international business. During its Q2 earnings interview, Netflix said it sees a dip in free cash flow for the fourth quarter of 2014 and the first quarter of 2015 as company expands original content. NEWS: Netflix launched in several countries in the past quarter, including France, Germany, Gelgium Austria, Switzerland, and Luxemburg. It also signed a deal with Weinstein Co. to release a feature film sequel to "Crouching Tiger Hidden Dragon" that will be released to a number of IMAX (IMAX) theaters. Netflix signed Judd Apatow to a two-year commitment for an original comedy series, and Adam Sandler to star in four feature films. The company announced a peering deal with Time Warner Cable (TWC) for faster streams and direct access. In a recent post on Facebook, CEO Reed Hastings said the company passed Time Warner's HBO in subscriber revenue. HBO, however, announced plans today to launch a standalone streaming service in the U.S. that does not require a cable TV subscription. STREET RESEARCH: MKM Partners said Netflix's international opportunity is larger than most realize and will eventually be able to provide a global product. The company's price target was raised at RBC Capital due to the opportunities in new European markets, along with favorable survey results in the U.S. and the U.K. Barclays and BTIG upgraded the company, saying international estimates are likely achievable no longer see the stock as underperforming its peers. BTIG expects Netflix's streaming service may reach 100M subscribers worldwide by 2017. Ahead of Q3 earnings, Canaccord said Netflix will likely report in-line results with continued strong subscriber additions and improved international performance. PRICE ACTION: Netflix shares have fell more than to 3.31% since the first day of trading following the company's Q2 report. In Wednesday mid-day trading ahead of Q3 report, Netflix shares are trading down 2.67%.
October 13, 2014
16:04 EDTSKULSkullcandy announces two ASTRO headsets compatible with Xbox One
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10:26 EDTSKULSkullcandy management to meet with Roth Capital
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October 9, 2014
10:50 EDTAPPGap falls after announcing CEO Murphy will step down, weak September sales
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07:57 EDTGLUUGlu Mobile short report riddled with inaccuracies, says Cowen
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05:25 EDTBDEBlack Diamond initiated with an In-Line at Imperial Capital
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October 8, 2014
10:48 EDTGLUUGlu drops despite Benchmark optimism about Kardashian game
Research firm Benchmark Co. upgraded digital video game maker Glu Mobile (GLUU) to Buy from Hold, based on optimism about the company's upcoming third quarter earnings report. WHAT'S NEW: Glu may report higher than expected third quarter sales and earnings before interest taxes depreciation and amortization on October 29, Benchmark analyst Mike Hickey wrote in a note to investors today. The company may also raise its fourth quarter guidance, Hickey believes. Glu's results are being lifted by the success of the company's "Kim Kardashian: Hollywood" game, the analyst believes. He has a $5.90 price target on the name. WHAT'S NOTABLE: Taking the opposite view on Glu Mobile in an article yesterday was a short-selling blog, TheStreetSweeper. The blog said it "wouldn't be surprised" if the company cut its Q4 guidance, as Kim Kardashian and other Glu games "are fading fast." Company insiders are "selling huge chinks" of the company's shares, added the blog. Northland Capital analyst Darren Aftahi yesterday countered by accusing TheStreetSweeper of "acting as a megaphone" for shorts in the name, trying to drive down the stock in a weak market, and producing an article that is "full of conjecture." The analyst said he thinks the company could beat Q3 revenue expectations by a large amount, potentially producing a "massive short squeeze." OTHERS TO WATCH: Other digital video game makers include Zynga (ZNGA) and King Digital (KING). PRICE ACTION: In early trading, Glu dropped 4% to $4.56.
10:00 EDTGLUUOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADTRAN (ADTN) upgraded to Buy from Neutral at Goldman... Applied Materials (AMAT) upgraded to Outperform from Underperform at CLSA... Bill Barrett (BBG) upgraded to Neutral from Underperform at Macquarie... CNOOC (CEO) upgraded to Buy from Hold at Jefferies... Calamos (CLMS) upgraded to Market Perform from Underperform at Keefe Bruyette... Calix (CALX) upgraded to Buy from Neutral at Goldman... Cimarex Energy (XEC) upgraded to Outperform from Neutral at Macquarie... Cogent (CCOI) upgraded to Outperform from Market Perform at Raymond James... Coty (COTY) upgraded to Neutral from Sell at B. Riley... Dassault Systemes (DASTY) upgraded to Equal Weight from Underweight at Barclays... EOG Resources (EOG) upgraded to Outperform from Neutral at Macquarie... Glu Mobile (GLUU) upgraded to Buy from Hold at Benchmark Co.... Goldcorp (GG) upgraded to Overweight from Neutral at HSBC... Goodrich Petroleum (GDP) upgraded to Neutral from Underperform at Macquarie... Greif (GEF) upgraded at Wells Fargo... PHH Corp. (PHH) upgraded to Outperform from Market Perform at Keefe Bruyette... Parsley Energy (PE) upgraded to Outperform from Neutral at Macquarie... Rent-A-Center (RCII) upgraded to Buy from Neutral at Northcoast... Royal Gold (RGLD) upgraded to Overweight from Underweight at HSBC... Rush Enterprises (RUSHA) upgraded to Strong Buy at Raymond James... Sanchez Energy (SN) upgraded to Outperform from Neutral at Macquarie... Springleaf (LEAF) upgraded to Outperform from Neutral at Macquarie... TC PipeLines (TCP) upgraded to Neutral from Underweight at JPMorgan... Tesco (TSCDY) upgraded to Neutral from Underweight at HSBC... Vocera (VCRA) upgraded to Outperform at FBR Capital.
09:20 EDTGLUUOn The Fly: Pre-market Movers
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08:23 EDTGLUUGlu Mobile upgraded to Buy from Hold at Benchmark Co.
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October 7, 2014
17:34 EDTZAGGZAGG COO Jason Schwartz resigns, effective October 1
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10:31 EDTGLUUGlu Mobile setting up for a 'massive' short squeeze, says Northland
Northland said StreetSweeper's article on Glue Mobile does not say anything new and is full of conjecture in his opinion. The analyst would not be surprised if Glu Mobile's Q3 revenues came in closer to $110M vs. consensus of $85M, with similar performance in Q4. Northland believes shares are setting up for a massive short squeeze with over 35% shares short when it reports at the end of October or early November.
09:58 EDTGLUUGlu Mobile may lower Q4 guidance, TheStreetSweeper says
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09:53 EDTGLUUGlu Mobile mentioned cautiously by TheStreetSweeper
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October 6, 2014
10:04 EDTMTHOn The Fly: Analyst Upgrade Summary
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05:36 EDTMTHMeritage Homes upgraded to Outperform from Market Perform at Wells Fargo
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