New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 17, 2014
15:29 EDTSCSS, ASBC, ISBC, CBF, AMD, ALSN, ACTG, HUBG, CPHD, ATHNNotable companies reporting after market close
Notable companies reporting before tomorrow's market open, with earnings consensus, include athenahealth (ATHN), consensus 17c; Allison Transmission (ALSN), consensus 31c; Investors Bancorp (ISBC), consensus 24c; Cepheid (CPHD), consensus (17c); Advanced Micro Devices (AMD), consensus 0c; Associated Banc-Corp (ASBC), consensus 25c; Hub Group (HUBG), consensus 36c; Capital Bank (CBF), consensus 24c; Select Comfort (SCSS), consensus 32c; Acacia Research (ACTG), consensus 4c.
News For ATHN;ALSN;ISBC;CPHD;AMD;ASBC;HUBG;CBF;SCSS;ACTG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
July 16, 2015
17:36 EDTAMDAMD sees 2H15 revenue up 15%, plus or minus 3%
Subscribe for More Information
16:42 EDTAMDAMD Q2 Computing and Graphics segment revenue decreased 29% sequentially
Subscribe for More Information
16:28 EDTAMDAMD cites near-term challenges in PC processor business
"Strong sequential revenue growth in our EESC segment and channel business was not enough to offset near-term challenges in our PC processor business due to lower than expected consumer demand that impacted sales to OEMs," said Dr. Lisa Su, AMD president and CEO. "We continue to execute our long-term strategy while we navigate the current market environment. Our focus is on developing leadership computing and graphics products capable of driving profitable share growth across our target markets."
16:21 EDTAMDAMD reports Q2 gross margin 25%, non-GAAP gross margin 28%
Subscribe for More Information
16:19 EDTAMDAMD sees Q3 revenue up 6%, plus or minus 3%, sequentially , consensus $1.05B
16:17 EDTAMDAMD reports Q2 adjusted EPS (17c), consensus (17c)
Subscribe for More Information
15:02 EDTAMDNotable companies reporting after market close
Subscribe for More Information
11:41 EDTAMDTSMC slips after reporting Q2 results, cautious outlook
Subscribe for More Information
10:00 EDTATHNOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:15 EDTATHNathenahealth initiated with a Hold at Canaccord
Target $125.
July 15, 2015
19:03 EDTAMDOn The Fly: After Hours Movers
Subscribe for More Information
18:05 EDTAMDIntel pulls semiconductor peers higher after reporting Q2 results
Subscribe for More Information
10:01 EDTAMDOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:41 EDTAMDIDEXX should be watched after 'curious' board change, dealReporter says
IDEXX Laboratories (IDXX), which analysts have previously speculated could be a takeover target for Zoetis (ZTS), should be watched for any possible M&A hints after the "curious addition" of Advanced Micro Devices (AMD) Chairman Bruce Claflin to its board yesterday, said dealReporter, according to contacts.
06:49 EDTAMDAMD initiated with a Neutral at Mizuho
Target $2.25.
July 14, 2015
10:52 EDTAMDAnalysts say Micron could be sold, but not at price Tsinghua said to offer
Research firms have reacted to a Wall Street Journal report, published last night, that Chinese chip maker Tsinghua had offered to acquire Micron (MU) for $23B, or $21 per share. Summit Research said that Tsinghua would probably raise its bid, while JMP Securities wrote that the deal would be logical from Tsinghua's perspective. However, Piper Jaffray contended that the reported buyout offer is illogical and Cowen agreed, saying that the deal makes no sense for shareholders. ANALYST REACTION: Tsinghua may have indicated that it was making the "low ball" offer in order to gauge the reaction of Micron's management and shareholders to it, Summit Research analyst Srini Sundarararjan contended in a note to investors. Tsinghua will probably increase its bid, the analyst predicted, adding that he expects Micron's stock to reach $21 soon. Sundarararjan kept a $34 price target and Buy rating on Micron. JMP Securities analyst Alex Gauna wrote that the deal would be logical for Tsinghua, as it would allow the Chinese company to access leading edge process technology, enable it to deliver more complete system solutions, and give it access to 3D NAND technology. The analyst, who believes that other Chinese companies may make competing bids for Micron, finds it difficult to believe that Micron would accept an offer more than 5%-10% below its 52-week high of $36.50. Piper Jaffray analyst Ruben Roy countered that the deal makes sense for Tsinghua and China, but not for Micron. If a takeover of Micron was based on the average valuation that companies in Micron's sector have received in takeover deals over the last 18 months, it would fetch a takeover price of $43 per share, Roy estimated. Micron and Tsinghua are more likely to reach an intellectual property sharing deal than complete a takeover transaction, according to Roy, who kept an Overweight rating on Micron. Similarly, Cowen analyst Timothy Arcuri wrote that the $21 per share price wouldn't make sense for Micron's shareholders, since it's barely above the estimated replacement cost of the company's capacity. The analyst indicated that he does not believe that Tsinghua would actually make the deal and he thinks that the U.S. Department of Justice would not approve the deal if it does get offered. WHAT'S NOTABLE: In a separate note, Summit's Sundarararjan, noting that Intel (INTC) has a 20% stake in Tsinghua. contended that the U.S. chip giant probably "midwifed" Tsinghua's offer for Micron. The analyst says that Intel "carries a lot of weight" with the U.S. Department of Justice and he believes that the DOJ could approve the deal. PRICE ACTION: In morning trading, Micron jumped 11% to $19.60. Several other semi chip related stocks were also rising, with SanDisk (SNDK) gaining 4%, Advanced Micro Devices (AMD) advancing 3% and Atmel (ATML) adding 2%.
09:20 EDTAMDOn The Fly: Pre-market Movers
HIGHER: Natural Health Trends Corp. (NHTC), up 16.2% following second quarter guidance... Transgenomic (TBIO), up 14% after launching genetic test for Leukodystrophy diagnosis... Biocept (BIOC), up 12.4% after launching diagnostic assay for BRAF mutations in melanoma patients... Micron (MU), up 13.1% after WSJ reports that Tsinghua made $23B acquisition offer... SanDisk (SNDK) and AMD (AMD) are up 3.8% and 3.1%, respectively, following reports of Tsinghua offer to Micron... GoPro (GPRO), up 3.2% after being upgraded to Overweight from Equal Weight at Barclays. DOWN AFTER EARNINGS: Wells Fargo (WFC), down 1%... JPMorgan (JPM), down fractionally. ALSO LOWER: Vince Holding (VNCE), down 16.3% after being downgraded to Market Perform from Outperform at William Blair... Tonix Pharmaceuticals (TNXP), down 8.3% after 2.3M share Spot Secondary priced at $7.50... Spirit Airlines (SAVE), down 7.4% after pricing pressure leads to reduced fiscal 2015 margin view... Orbitz Worldwide (OWW), down 2.8% after being downgraded to Sell from Neutral at UBS.
09:06 EDTCPHDCepheid price target raised to $67 from $58 at Wedbush
Subscribe for More Information
07:38 EDTSCSSSelect Comfort initiated with an Underperform at BofA/Merrill
Subscribe for More Information
07:12 EDTACTGAcacia Research reports patent license agreement with Koito, Stanley Electric
Innovative Display Technologies LLC and Delaware Display Group LLC, subsidiaries of Acacia Research Corporation, said in a regulatory filing that the companies entered into a patent license agreement with Koito Manufacturing Co., Ltd and Stanley Electric Co., Ltd.
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use