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Stock Market & Financial Investment News

News Breaks
August 8, 2014
10:00 EDTSLAB, PFPT, NMBL, NXPI, INVN, GCO, CSTE, BCRX, ASHOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Ashland (ASH) initiated with a Buy at UBS... BioCryst (BCRX) initiated with an Overweight at JPMorgan... Caesarstone (CSTE) initiated with a Buy at UBS... Genesco (GCO) initiated with a Hold at Jefferies... InvenSense (INVN) initiated with a Buy at Canaccord... NXP Semiconductors (NXPI) initiated with a Buy at Canaccord... Nimble Storage (NMBL) initiated with an Outperform at Wells Fargo... Proofpoint (PFPT) initiated with an Outperform at Wells Fargo... Silicon Laboratories (SLAB) initiated with a Buy at Canaccord.
News For ASH;BCRX;CSTE;GCO;INVN;NXPI;NMBL;PFPT;SLAB From The Last 14 Days
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February 5, 2016
09:02 EDTNXPINXP Semiconductors 'back on track,' says Pacific Crest
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07:54 EDTNXPINXP Semiconductors remains top large-cap semiconductor pick, says Canaccord
Canaccord said NXP Semiconcductors remains its top large-cap semiconductor pick for the remainder of 2016. The firm noted the company reported solid Q4 results and believes it is fundamentally the best positioned mixed-signal semiconductor firm regardless of market cap. Canaccord reiterated its Buy rating and $120 price target on NXP Semiconductors shares.
February 4, 2016
07:26 EDTNXPINXP Semiconductors results 'look good,' says Bernstein
After NXP reported stronger than expected results, Bernstein says the company's gross margins are "impressive," while its guidance "appears solid." The firm keeps a $110 price target and Outperform rating on the shares.
07:00 EDTSLABSilicon Laboratories an attractive acquisition target, says Citi
Citi analyst Atif Malik calls Silicon Laboratories (SLAB) an attractive acquisition target after the company beat Q4 earnings expectations. He contends Silicon would garner a 15% premium to peer Atmel's (ATML) takeout price. If Atmel is worth $8.15 per share, Silicon Laboratories is worth $50, Malik tells investors in a post-earnings research note. He lowered his price target for Silicon to $50 from $58 and keeps a Buy rating on the name.
February 3, 2016
20:08 EDTNXPINXP Semiconductors sees Q1 adjusted EPS $1.05-$1.15, consensus $1.09
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20:07 EDTNXPINXP Semiconductors reports Q4 adjusted EPS $1.25, consensus $1.07
Reports Q4 revenue $1.61B, consensus $1.29B. Reports HPMS segment revenue $1.31B, up 12% year-over-year. Reports Standard Product revenue $271M, down 18%. Quarterly results include operating results from Freescale Semiconductor from December 7 onward. Recognized restructuring charge of $239M as result of Freescale merger.
14:48 EDTNXPINotable companies reporting after market close
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10:54 EDTINVNOptions with decreasing implied volatility
Options with decreasing implied volatility: WMB INVN FTNT NOW SNDK HOG UA CTXS KORS AMZN
07:09 EDTSLABSilicon Laboratories sees Q1 adjusted EPS 42c-48c, consensus 45c
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07:08 EDTSLABSilicon Laboratories reports Q4 adjusted EPS 63c, consensus 48c
Reports Q4 revenue $160.1M, consensus $158.3M.
February 2, 2016
18:21 EDTNXPINXP Semiconductors assumed with a Neutral at Goldman
Goldman Sachs analyst Toshiya Hari assumed NXP Semiconductors with a Neutral rating and $80 price target.
10:12 EDTINVNOptions with decreasing implied volatility
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February 1, 2016
16:13 EDTNMBLNimble Storage surpasses 7,500 customers worldwide
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10:15 EDTINVNOptions with decreasing implied volatility
Options with decreasing implied volatility: INVN SWFT SNDK AMZN NOW COH VMW CTXS STX
10:00 EDTPFPTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Air Products (APD) upgraded to Buy from Neutral at UBS... American Airlines (AAL) upgraded to Outperform from Market Perform at Cowen... Axiall (AXLL) upgraded to Overweight from Neutral at JPMorgan... BASF (BASFY) upgraded to Buy from Hold at Societe Generale... CNH Industrial (CNHI) upgraded to Neutral from Underperform at BofA/Merrill... CU Bancorp (CUNB) upgraded to Outperform from Market Perform at Fig Partners... CaixaBank (CAIXY) upgraded to Hold from Sell at Societe Generale... Chipotle (CMG) upgraded to Neutral from Underperform at BofA/Merrill... Concho Resources (CXO) upgraded to Buy from Neutral at SunTrust... Continental Building (CBPX) upgraded to Buy from Hold at BB&T... Eastman Chemical (EMN) upgraded to Buy from Outperform at CLSA... Extreme Networks (EXTR) upgraded to Buy from Hold at Needham... Glacier Bancorp (GBCI) upgraded to Outperform from Market Perform at Fig Partners... IBERIABANK (IBKC) upgraded to Strong Buy from Outperform at Raymond James... Infineon (IFNNY) upgraded to Buy from Neutral at UBS... Jarden (JAH) upgraded to Outperform from Market Perform at Raymond James... Joy Global (JOY) upgraded to Overweight from Equal Weight at Barclays... KT Corporation (KT) upgraded to Overweight from Neutral at JPMorgan... Kennametal (KMT) upgraded to Neutral from Underperform at BofA/Merrill... L-3 Communications (LLL) upgraded to Buy on valuation at BofA/Merrill... Maximus (MMS) upgraded to Outperform from Market Perform at Raymond James... Micron (MU) upgraded to Neutral from Sell at Goldman... Monster Beverage (MNST) upgraded to Outperform from Market Perform at Wells Fargo... Newell Rubbermaid (NWL) upgraded to Outperform from Market Perform at Raymond James... Northrop Grumman (NOC) upgraded to Buy from Neutral at BofA/Merrill... PTC (PTC) upgraded to Buy from Neutral at Sterne Agee CRT... Peoples Bancorp (PEBO) upgraded to Outperform from Neutral at Boenning & Scattergood... Praxair (PX) upgraded to Buy from Neutral at UBS... Proofpoint (PFPT) upgraded to Outperform from In-Line at Imperial Capital... Seagate (STX) upgraded to Hold from Sell at Benchmark... Siemens (SIEGY) upgraded to Buy from Neutral at Nomura... Superior Drilling (SDPI) upgraded to Buy from Hold at Wunderlich... Vertex (VRTX) upgraded to Buy from Hold at Jefferies... Werner (WERN) upgraded to Strong Buy from Outperform at Raymond James... ZAIS Financial (ZFC) upgraded to Overweight from Equal Weight at Barclays.
08:17 EDTPFPTProofpoint should be bought on weakness, says RBC Capital
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05:42 EDTPFPTProofpoint upgraded to Outperform from In-Line at Imperial Capital
Imperial Capital analyst Michael Kim upgraded Proofpoint to Outperform citing the recent pullback in shares and share gains in the company's core protection business. Kim raised his price target for the stock to $68 from $65. Proofpoint closed Friday down 6%, or $3.47, to $50.36 following the company's Q4 results.
January 29, 2016
10:56 EDTPFPTIT security stocks rise after Fortinet meets expectations
The shares of a number of IT security companies are rising after one of the companies in the sector, Fortinet (FTNT), reported in-line fourth quarter results last night. JPMorgan and RBC Capital were upbeat on the company's outlook. WHAT'S NEW: Fortinet reported Q4 EPS of 18c, in line with analysts' consensus outlook. The company's revenue was also in-line with the consensus outlook, while its billings jumped 35% versus the same period a year earlier. Moreover, Fortinet's fiscal 2016 guidance also came in near consensus estimates. ANALYST REACTION: Fortinet's results show that it is gaining market share, especially overseas and among U.S. small and medium businesses, JPMorgan analyst Sterling Auty stated. Additionally, the company's margins look set to reach about 15% in fiscal 2016, up from 13% the previous year, and its free cash flow should jump 33% in fiscal 2016, the analyst predicted. He kept a $54 price target and Overweight rating on the shares, saying the quarter should bring a "welcomed lift" following the recent selloff in shares. Fortinet's guidance suggests that it will have more leverage than expected in fiscal 2016, but its outlook is also "somewhat conservative," RBC Capital analyst Dan Bergstrom wrote. Fortinet's stock is relatively cheap versus its peers and its historical norms, the analyst believes. However, he kept a $32 price target and Sector Perform rating on the shares. WHAT'S NOTABLE: Yesterday morning IT security company Check Point (CHKP) reported stronger than expected Q4 results and provided in-line fiscal 2016 EPS guidance, excluding certain items. Last night IT security company Proofpoint (PFPT) reported in-line Q4 results but provided lower than expected fiscal 2016 EPS guidance. PRICE ACTION: In late morning trading, Fortinet climbed 6% to $28. Other IT security companies also advanced, with Palo Alto (PANW) surging 7.5%, Barracuda (CUDA) gaining 2.5% to $10.60, FireEye (FEYE) rising 1.5% to $14, Check Point adding 1% to $77.70 and Symantec (SYMC) rising 1.2% to $129.75.
10:10 EDTINVNOptions with decreasing implied volatility
Options with decreasing implied volatility: ETE INVN FTNT VMW CTXS NOW COH AMZN NWL NYRT
07:03 EDTPFPTProofpoint results suggest demand remains strong, says Piper Jaffray
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