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Stock Market & Financial Investment News

News Breaks
September 19, 2012
10:32 EDTARRS, CMCSAArris sinks after analyst highlights loss of Comcast business
Communications technology company Arris (ARRS) is retreating after Jefferies analyst James Kisner wrote in a note to investors that his sources indicated Comcast's (CMCSA) latest Xfinity Wireless Gateway product was made by Technicolor. The analyst's sources had previously indicated that Arris provided all of Comcast's Wi-Fi terminal adaptors. While Kisner expected Arris to eventually lose some of the Comcast business, the design win by Technicolor happened sooner than he had anticipated. Nonetheless, Kisner still sees significant earnings upside potential for Arris in 2013 and kept a Buy rating on the stock. In mid-morning trading, Arris fell 44c, or 3.14%, to $13.58.
News For ARRS;CMCSA From The Last 14 Days
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February 23, 2015
18:20 EDTCMCSAComcast, Time Warner Cable face $20B racial discrimination suit, Reuters reports
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15:23 EDTCMCSANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 78c... Home Depot (HD), consensus 89c... American Tower (AMT), consensus 51c... Ecolab (ECL), consensus $1.20... Macy's (M), consensus $2.40... Pall Corp. (PLL), consensus 87c... Windstream (WIN), consensus 3c.
15:10 EDTCMCSAComcast $CMCSA Feb weekly 58 straddle priced for 2.7% movement into Q4
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08:33 EDTCMCSA'Fifty Shades' ticket sales retain top spot at box office, Reuters says
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07:38 EDTCMCSAComcast, AT&T deals could be delayed by document access case, WSJ says
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05:07 EDTARRSARRIS selected to build next-generation HFC broadband network by NBN Co
NBN Co, the government business enterprise tasked with delivering open access broadband network to all Australians, has chosen ARRIS to build its next-generation Hybrid Fiber-Coaxial, or HFC, broadband network. Using HFC technology will allow NBN Co to build upon existing cable infrastructure which will mean significant cost savings for Australian tax-payers over alternative technologies. It also will allow advanced broadband speeds to be delivered to subscribers across Australia.
February 20, 2015
12:02 EDTCMCSAComcast management to meet with Jefferies
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07:18 EDTCMCSAComcast volatility elevated into Q4 and outlook
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06:49 EDTCMCSAMSNBC cancels two talk shows, Politico says
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February 19, 2015
07:30 EDTCMCSANBC 'Nightly News' sees drop in ratings post-Brian Williams, WSJ says
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07:19 EDTARRSARRIS results solid, guidance appears conservative, says Brean Capital
Brean Capital said ARRIS reported solid Q4 results, but its guidance appears to be conservative. The firm expects ARRIS to continue to outperform on the back of multiple expansion and upward revision of estimates. Brean Capital reiterated its Buy rating but lowered its price target to $34 from $36 on ARRIS shares.
February 18, 2015
16:03 EDTARRSARRIS sees Q1 adjusted EPS 40c-45c, consensus 55c
Sees Q1 revenue $1.2B-$1.24B, consensus $1.24B. "Our business in the first quarter is being impacted by anticipated reductions in volume, product mix, and price reductions implemented at the beginning of the year," said David Potts, ARRIS CFO.
16:02 EDTARRSARRIS reports Q4 adjusted EPS 78c, consensus 61c
Reports Q4 revenue $1.26B, consensus $1.26B. Order backlog was $631.0M and the company's book-to-bill ratio was 1.03.
15:35 EDTARRSNotable companies reporting after market close
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07:13 EDTCMCSANational Association of Regulatory Utility Commission to hold a meeting
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06:33 EDTCMCSAJAKKS Pacific signs licensing agreement for Universal Pictures franchise
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February 17, 2015
12:56 EDTCMCSADecline of TV viewing accelerated, NY Post reports
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07:15 EDTCMCSA'Fifty Shades' opens to $94.4M, WSJ says
Comcast (CMCSA, CMCSK) subsidiary Universal's "Fifty Shades of Grey" earned roughly $94.4M in its opening weekend, reports the Wall Street Journal. The film earned an additional $172M overseas. Fox' (FOX, FOX.A) "Kingsman: The Secret Service" debuted in second place with $42M, and Viacom (VIA, VIA.B) subsidiary Paramount's "SpongeBob SquarePants: Sponge Out of Water" took $40M in its second week. Reference Link
February 16, 2015
19:13 EDTCMCSALiberty Global may become takeover target, NY Times says
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February 13, 2015
06:28 EDTCMCSAUniversal may top 2015 ticket sales, NY Times says
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