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Stock Market & Financial Investment News

News Breaks
June 13, 2014
10:03 EDTATR, TEN, SFUN, MRVL, MRO, IPSEY, FNSR, CSH, CCG, BLL, LULUOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AptarGroup (ATR) downgraded to Underperform from Neutral at BofA/Merrill... Ball Corp. (BLL) downgraded to Neutral from Buy at BofA/Merrill... Campus Crest (CCG) downgraded to Underperform from Neutral at BofA/Merrill... Cash America (CSH) downgraded to Market Perform at FBR Capital... Finisar (FNSR) downgraded to Hold from Buy at Craig-Hallum... Ipsen (IPSEY) downgraded to Neutral from Overweight at JPMorgan... Marathon Oil (MRO) downgraded to Market Perform from Outperform at Wells Fargo... Marvell (MRVL) downgraded at Susquehanna... Rackspace (RAX) downgraded to Underperform from Neutral at DA Davidson... SouFun (SFUN) downgraded to Neutral from Overweight at JPMorgan... Tenneco (TEN) downgraded to Hold from Buy at Deutsche Bank... lululemon (LULU) downgraded to Neutral from Overweight at JPMorgan.
News For ATR;BLL;CCG;CSH;FNSR;IPSEY;MRO;MRVL;SFUN;TEN;LULU From The Last 14 Days
Check below for free stories on ATR;BLL;CCG;CSH;FNSR;IPSEY;MRO;MRVL;SFUN;TEN;LULU the last two weeks.
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September 5, 2014
06:54 EDTFNSRFinisar bottom may be forming, says RBC Capital
After Finisar reported in-line Q1 revenue and slightly higher than expected EPS but provided lower than expected Q2 revenue guidance, RBC Capital thinks the stock may be forming a bottom as it approaches 2x tangible book value. The firm trimmed its price target on the stock to $19 from $21 but keeps an Outperform rating on the shares.
06:40 EDTFNSRFinisar downgraded to Buy from Strong Buy at Needham
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06:39 EDTFNSRFinisar price target lowered to $25.50 from $30 at B. Riley
B. Riley lowered Finisar's price target to $25.50 citing the weak Q2 outlook. Shares remain Buy rated.
06:34 EDTLULUlululemon estimates lowered ahead of Q2 report at Barclays
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05:36 EDTFNSRFinisar sell-off brings attractive entry point, says Piper Jaffray
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September 4, 2014
18:28 EDTFNSROn The Fly: After Hours Movers
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16:04 EDTFNSRFinisar sees Q2 EPS 23c-27c, consensus 35c
Sees Q2 revenue $305M-$320M, consensus $337.5M.
16:02 EDTFNSRFinisar reports Q1 EPS 32c , consensus 32c
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15:23 EDTFNSRNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Cooper Companies (COO), consensus $1.90; Esterline Technologies (ESL), consensus $1.40; Verint Systems (VRNT), consensus 60c; Finisar (FNSR), consensus 32c; Zumiez (ZUMZ), consensus 23c; SeaChange (SEAC), consensus (18c); Ambarella (AMBA), consensus 28c; Infoblox (BLOX), consensus 1c.
13:05 EDTLULULululemon Athletica September volatility elevated into Q2
Lululemon Athletica September 12 weekly call option implied volatility is at 72, September is at 56, October is at 46, January is at 37; compared to its 26-week average of 38 according to Track Data, suggesting larger September price movement into the expected release of Q2 on September 11.
10:29 EDTBLLOn The Fly: Analyst Initiation Summary
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08:07 EDTATRAptarGroup initiated with an Outperform at BMO Capital
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06:32 EDTBLLBall Corp. initiated with a Market Perform at BMO Capital
Target $60.
September 3, 2014
09:17 EDTMROMarathon Oil sees future drilling inventory increased to 4,650 net wells
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08:26 EDTFNSRFinisar weakness a buying opportunity, says Needham
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September 2, 2014
13:04 EDTFNSRFinisar retreats after analyst cuts on pricing, demand worries
Shares of optical components maker Finisar (FNSR) are falling after research firm Jefferies downgraded the stock to Hold from Buy in a note to investors today, citing pricing and demand concerns. WHAT'S NEW: After conducting checks, Jefferies analyst James Kisner wrote that Finisar is facing "brutal" prices for datacom optics, particularly in China. Prices for telecom components in North America are also challenging for Finisar, he reported. Various low-cost competitors are driving down prices for datacom optics, while AT&T (T) is trying to force optical systems vendors to cut the prices of their components by 40%, Kisner stated. Meanwhile, demand for mobile backhaul optics slowed significantly in China over the last month, and two of Finisar's customers - Cisco (CSCO) and Huawei - are exploring alternatives to Finisar's products, Kisner indicated. Additionally, Intel (INTC) and numerous start-ups may launch products that will compete with those of Finisar, potentially cutting into its market share beginning in the second half of 2015, the analyst warned. He cut his price target on the shares to $19 from $25. PRICE ACTION: In early afternoon trading, Finisar slumped 5.5% to $19. Other optical components makers also dropped, with Oclaro (OCLR) falling 1% to $1.75 and JDS Uniphase (JDSU) losing 2% to $11.30.
11:47 EDTFNSRFinisar shares defended at Raymond James
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10:02 EDTFNSROn The Fly: Analyst Downgrade Summary
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07:57 EDTFNSRFinisar downgraded to Hold from Buy at Jefferies
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05:37 EDTFNSRFinisar downgraded to Hold from Buy at Jefferies
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