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Stock Market & Financial Investment News

News Breaks
January 31, 2013
10:17 EDTTNTEY, JDSU, CLB, IPAR, ISIL, ALGN, CTXS, DB, FIO, VALE, AUDCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Arthur J. Gallagher (AJG) upgraded to Buy from Neutral at BofA/Merrill... Arthur J. Gallagher (AJG) upgraded to Outperform from Market Perform at Keefe Bruyette... AudioCodes (AUDC) upgraded to Outperform from Perform at Oppenheimer... Citrix Systems (CTXS) upgraded to Buy from Neutral at BofA/Merrill... Core Laboratories (CLB) upgraded to Outperform from Market Perform at FBR Capital... MB Financial (MBFI) upgraded to Outperform from Market Perform at Keefe Bruyette... Vale (VALE) upgraded to Buy from Neutral at BofA/Merrill... Align Technology (ALGN) upgraded to Overweight from Equal Weight at Stephens... JDSU (JDSU) upgraded to Buy from Hold at Needham... Fusion-io (FIO) upgraded to Buy from Neutral at Lazard Capital... Intersil (ISIL)upgraded to Neutral from Underweight at JPMorgan... MB Financial (MBFI) upgraded to Buy from Hold at Stifel Nicolaus... Arthur J. Gallagher (AJG) upgraded to Overweight from Equal Weight at Stephens... TNT Express (TNTEY) upgraded to Conviction Buy from Neutral at Goldman... Deutsche Bank (DB) upgraded to Neutral from Underweight at JPMorgan... Inter Parfums (IPAR) upgraded to Buy from Neutral at B. Riley Caris.
News For AUDC;CTXS;CLB;VALE;ALGN;JDSU;FIO;ISIL;TNTEY;DB;IPAR From The Last 14 Days
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January 27, 2016
17:21 EDTCLBCore Laboratories reports Q4 EPS 65c, consensus 65c
Reports Q4 revenue $182.7M, consensus $178.84M.
16:19 EDTISILIntersil sees Q1 EPS 14c-16c, consensus 14c
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16:19 EDTISILIntersil reports Q4 EPS 20c, consensus 14c
Reports Q4 revenue $126.6M, consensus $127.33M.
16:11 EDTCTXSCitrix sees FY16 EPS $4.65 to $4.75, consensus $4.47
Sees FY16 revenue $3.31B-$3.32B , consensus $3.31B.
16:10 EDTCTXSCitrix sees Q1 EPS 91c-93c, consensus 90c
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16:09 EDTCTXSCitrix authorizes $400M increase to share repurchase program
Citrix announced that its Board of Directors has authorized it to repurchase up to an additional $400M of its common stock. As of December 31, 2015, approximately $33M remained for repurchases from previous authorizations.
16:08 EDTCTXSCitrix reports Q4 adjusted EPS $1.66, consensus $1.19
Reports Q4 revenue $905M, consensus $877.5M.
14:34 EDTCTXSNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Facebook (FB), consensus 68c... Qualcomm (QCOM), consensus 90c... Texas Instruments (TXN), consensus 69c... McKesson (MCK), consensus $3.13... PayPal (PYPL), consensus 35c... Las Vegas Sands (LVS), consensus 65c... eBay (EBAY), consensus 50c... Crown Castle (CCI), consensus $1.10... Vertex (VRTX), consensus 17c... Discover (DFS), consensus $1.30... SanDisk (SNDK), consensus 89c... ServiceNow (NOW), consensus 8c... Lam Research (LRCX), consensus $1.43... Citrix Systems (CTXS), consensus $1.19... Hologic (HOLX), consensus 42c... Juniper (JNPR), consensus 59c... Cavium (CAVM), consensus 28c... Cirrus Logic (CRUS), consensus 81c.
13:47 EDTCTXSVMware tanks after providing lower guidance amid Cloud transition
Shares of virtualization software maker VMware (VMW) are falling after providing guidance, confirming layoffs and announcing executive changes. WHAT'S NEW: After the close of trading on Tuesday, the software company that is 80% owned by EMC (EMC) and provides software for corporate data centers, announced fourth quarter financial results while confirming earlier reports of layoffs and announcing a new chief financial officer. VMware, along with parent company EMC, is in the midst of a proposed acquisition by Dell. The company's Q4 earnings per share and revenue came in at $1.26 and $1.87B, respectively, slightly better than analysts were expecting; however, the company's view for fiscal year 2016 EPS and revenue of $4.07-$4.16 and $6.8B-$6.9B, respectively, were well below the $4.20 and $7.21B analysts are expecting. VMware also guided first quarter EPS to 83c-85c, also below analysts' 92c consensus. Along with its results, the company confirmed earlier reports that it intended to reduce its workforce by 800 and plans to take a charge of between $55M-$65M related to this action over the course of the first half of 2016. The company also announced that its CFO Jonathan Chadwick is leaving and will be replaced by EMC CFO Zane Rowe. WHAT'S NOTABLE: On its quarterly conference call discussing its earnings, VMware company referred to its growth in "emerging" products and businesses including NSX and User Computing and Virtual SAN, all of which grew strongly over the quarter. The company said it hopes its newer products are picking up the slack due to the declining growth in its mature "compute products." Pat Gelsinger, VMware's chief executive officer, "We recognize that our blockbuster compute products are reaching maturity and will represent a decreasing portion of our business going forward." The company is upgrading its Cloud strategy to better compete with leaders like Amazon (AMZN) and Microsoft (MSFT), which provide Cloud services via the internet and make the corporate data center that VMware focuses on less necessary. ANALYSTS' VIEWS: Summit Research analyst Srini Nandury downgraded VMware to Hold and lowered his price target for the shares to $40 from $80 following the company's quarterly results. The company's business will get worse before it gets better, Nandury told investors in a research note. Another downgrade came from research firm Baird's analyst Jayson Noland, who cut his rating on VMware to Neutral and lowered his price target to $60 from $80. Noland said the core vSphere business is facing incremental public cloud headwinds and substantial uncertainty related to the Class V common stock being issued to finance the EMC acquisition. Providing a more constructive view was UBS who said the current valuation levels of VMware offer a significant opportunity for patient investors. The firm noted the company will temper spending and focus on leveraging public clouds, which should provide a tailwind to both capital and operating expenditures. UBS reiterated its Buy rating and $72 price target on VMware. PRICE ACTION: Shares of VMware are down approximately 40% since the Dell-EMC deal was announced last October and are down over 9% to $44.84 in afternoon trading. OTHERS TO WATCH. Other companies in the cloud computing space include Amazon, Microsoft and Citrix Systems (CTXS).
January 26, 2016
11:42 EDTVALEOptions with increasing call volume; TEX MTW MTG SEE KBH SNDK WDC VALE VIAB PII
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11:13 EDTVALEActive options; AAPL BAC FB NFLX C MSFT TWTR VALE FCX COH XOM AMZN
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10:00 EDTCLBOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Amec Foster Wheeler (AMFW) downgraded to Hold from Buy at HSBC... CVR Refining (CVRR) downgraded to Sell from Neutral at Goldman... Cenovus Energy (CVE) downgraded to Neutral from Buy at UBS... Clean Harbors (CLH) downgraded to Underperform from Market Perform at Raymond James... Core Laboratories (CLB) downgraded to Reduce from Hold at HSBC... Delek US (DK) downgraded to Neutral from Buy at Goldman... Deutsche Post (DPSGY) downgraded to Underperform from Outperform at Credit Suisse... Disney (DIS) downgraded to Neutral on reduced ESPN forecasts at Atlantic Equities... Dorian LPG (LPG) downgraded to Market Perform from Outperform at Wells Fargo... Encana (ECA) downgraded to Neutral from Buy at UBS... Fortinet (FTNT) downgraded to Hold from Buy at Deutsche Bank... Fortune Brands (FBHS) downgraded to Neutral from Outperform at Credit Suisse... General Growth (GGP) downgraded to Equal Weight from Overweight at Barclays... Golden Ocean (GOGL) downgraded to Underweight from Neutral at JPMorgan... Grupo Mexico (GMBXF) downgraded to Neutral from Overweight at JPMorgan... Halliburton (HAL) downgraded to Hold from Buy at HSBC... Marketo (MKTO) downgraded to Underperform at BofA/Merrill... Navios Maritime (NM) downgraded to Neutral from Overweight at JPMorgan... NetSuite (N) downgraded to Underperform at BofA/Merrill... OM Asset Management (OMAM) downgraded to Equal Weight at Morgan Stanley... Paylocity (PCTY) downgraded to Underperform from Neutral at BofA/Merrill... Pennsylvania REIT (PEI) downgraded to Underweight from Equal Weight at Barclays... Pinnacle West (PNW) downgraded to Hold from Buy at Evercore ISI... Public Storage (PSA) downgraded to Equal Weight from Overweight at Barclays... Red Hat (RHT) downgraded to Neutral from Buy at BofA/Merrill... Regal Entertainment (RGC) downgraded on valuation at RBC Capital... Rouse Properties (RSE) downgraded to Equal Weight from Overweight at Barclays... Star Bulk Carriers (SBLK) downgraded to Neutral from Overweight at JPMorgan... Stratasys (SSYS) downgraded to Neutral from Overweight at JPMorgan... Subsea 7 (SUBCY) downgraded to Reduce from Hold at HSBC... US Ecology (ECOL) downgraded to Market Perform from Outperform at Raymond James... USG (USG) downgraded to Underperform from Neutral at Credit Suisse... Vornado (VNO) downgraded to Equal Weight from Overweight at Barclays... Weir Group (WEIGY) downgraded to Underperform from Hold at Jefferies.
08:03 EDTIPARInter Parfums backs FY16 EPS view $1.05-$1.10, consensus $1.13
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08:02 EDTIPARInter Parfums backs FY15 EPS view of 95c-$1.00, consensus 99c
08:02 EDTIPARInter Parfums reports Q4 revenue $118.2M, consensus $117.78M
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05:35 EDTCLBCore Laboratories downgraded to Reduce from Hold at HSBC
HSBC analyst Phillip Lindsay downgraded Core Laboratories to Reduce with a $75 price target.
05:25 EDTAUDCAudioCodes reports Q4 EPS 7c, consensus 5c
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January 25, 2016
18:52 EDTVALEVale wins injunction reopening Tubarao port, Reuters says
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17:37 EDTVALEVale, BHP to be guarantors of any Samarco deal, Reuters says
Vale (VALE) and BHP Billiton (BHP) will be financial guarantors of any accord reached between Brazil and the two companies' Samarco joint venture, reports Reuters, citing statements from the country's attorney general Luis Adams. Reference Link
08:43 EDTDBDeutsche Bank to slash 2015 bonuses after record loss, Reuters reports
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