New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 9, 2014
09:58 EDTTC, SAP, SSI, PGH, NSLP, EDU, MNTA, LPI, DECK, CPE, BWLD, BPTH, AVGOOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Avago (AVGO) reinstated with an Overweight at Barclays... Bio-Path Holdings (BPTH) initiated with a Buy at Maxim... Buffalo Wild Wings (BWLD) initiated with an Underperform at Buckingham... Callon Petroleum (CPE) assumed with a Buy at Brean Capital... Deckers Outdoor (DECK) initiated with an Outperform at Macquarie... Laredo Petroleum (LPI) assumed with a Buy at Brean Capital... Momenta Pharma (MNTA) initiated with a Buy at Maxim... New Oriental Education (EDU) initiated with an Overweight at JPMorgan... New Source Energy (NSLP) initiated with a Buy at Wunderlich... Pengrowth Energy (PGH) coverage assumed with a Sector Perform at RBC Capital... SAP (SAP) initiated with a Market Perform at BMO Capital... Stage Stores (SSI) initiated with a Buy at BofA/Merrill... Thompson Creek (TC) initiated with a Market Perform at BMO Capital.
News For AVGO;BPTH;BWLD;CPE;DECK;LPI;MNTA;EDU;NSLP;PGH;SSI;SAP;TC From The Last 14 Days
Check below for free stories on AVGO;BPTH;BWLD;CPE;DECK;LPI;MNTA;EDU;NSLP;PGH;SSI;SAP;TC the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
July 25, 2014
05:46 EDTDECKDeckers Outdoor upgraded to Buy from Hold at Jefferies
Jefferies upgraded Deckers Outdoor to Buy following the company's Q1 results citing greater conviction in margin expansion potential and new product launches. The firm views the risk/reward on shares as compelling and raised its price target for the stock to $130 from $78. Shares of Deckers rallied 6% to $90.00 following the company's earnings report.
July 24, 2014
18:17 EDTDECKDeckers Outdoor raises FY15 EPS view to up 14.5% from up 13.5%
Raises FY15 revenue guidance to up approximately 14% from up 13%. The company expects FY15 SG&A expenses as a percentage of sales to be approximately 36%. Among other items, these expenses include increased marketing and supply chain costs, investments in IT infrastructure, expenses related to management reorganization, and operating costs associated with opening new stores in 2013 and 2014. The company now expects FY15 UGG brand revenues to increase approximately 12% over the twelve month period ended March 31 from the previous guidance of 11%. The company expects FY15 Teva brand revenues to increase approximately 11% over the twelve month period ended March 31. The company expects FY15 Sanuk brand revenues to increase approximately 15% over the twelve month period ended March 31. Combined FY15 net sales of the company's other brands are expected to be approximately $82M compared to $48.6M for the twelve month period ended March 31.
18:12 EDTDECKDeckers Outdoor reports Q1 EPS ($1.07), consensus ($1.28)
In a regulatory filing, the company reports Q1 revenue $211.5M, consensus $192.01M. Reports Q1 direct-to-consumer comparable sales up 10%. Reports Q1 UGG brand net sales up 22.8% to $123.3M vs. $100.4M last year. Reports Q1 Teva brand net sales up 25.7% to $39.3M vs. $31.2M last year. Reports Q1 Sanuk brand net sales up 19.6% to $36M vs. $30.1M last year. Reports combined net sales of the company's other brands increased 54.5% to $12.9M for Q1 compared to $8.4M last year. Sales for the global retail store business, which are included in the brand sales numbers above, increased 29.4% to $42M compared to $32.5M for the same period last year. This increase was driven by 37 new stores opened after June 30, 2013, partially offset by a same SSS decrease of 2.8% for the thirteen weeks ended June 29, 2014 compared to the thirteen weeks ended June 30, 2013.
15:31 EDTDECKDeckers Outdoor technical comments ahead of results
The shares have moderately outperformed the broader averages in the last three months an are trading relatively close to the 52-week high at $90.09. On a positive surprise on earnings or guidance, that level could be easily tested. Resistance above the 52-week high is at $91.83, and $96.11. If the news disappoints, the uptrend in place off the lows of October 2012 could be violated. A breakdown below the 200-week moving average at $78.37 would snap the trend. Support below that moving average is at $74.35. It should be noted that the short-base in this name is very large. Over 18% of the float is short according to the last available report. On a positive surprise the shares could be fueled higher by a strong short-squeeze.
09:44 EDTSAPThe House Committee on Foreign Affairs to hold a hearing
The Subcommittee on Africa, Global Health, Global Human Rights and International Organizations holds a hearing entitled, "The Global Challenge of Autism" with Vice President Velasco of SAP on July 24 at 2 pm. Webcast Link
09:32 EDTEDUNew Oriental Education downgraded to Neutral from Outperform at Macquarie
Subscribe for More Information
July 23, 2014
11:38 EDTBWLDBrinker retreats after analyst downgrades on industry concerns
Subscribe for More Information
07:33 EDTEDUNew Oriental Education price target lowered to $29-$32 from $34-$38 at Wells Fargo
Wells Fargo cut its price target range on New Oriental Education after the company provided lower than expected Q1 revenue guidance. However, the firm thinks the company continues to have a number of fundamental strengths, and it keeps an Outperform rating on the shares.
06:17 EDTEDUNew Oriental Education downgraded to Perform from Outperform at Oppenheimer
Oppenheimer downgraded New Oriental Education to Perform citing business challenges following the company's Q4 results. Shares were also downgraded this morning at Jefferies.
06:16 EDTEDUNew Oriental Education downgraded to Hold from Buy at Jefferies
Subscribe for More Information
July 22, 2014
15:07 EDTSAPEarnings Preview: Microsoft to report after Nadella makes big job cuts
Subscribe for More Information
10:46 EDTEDUHigh option volume stocks: SBAC KS EDU PII GALT EJ AXL TSEM HLF BCOR
Subscribe for More Information
05:36 EDTEDUNew Oriental Education announces $120M share repurchase program
On July 22, New Oriental's board authorized the repurchase of up to $120M of the company's shares during the period from July 28, 2014, through March 31, 2015.
05:35 EDTEDUNew Oriental Education sees Q1 revenue $412M-$427M, consensus $463.36M
New Oriental Education commented, "This lower-than-normal projected revenue growth rate reflects the anticipated impact on the company's top-line performance of margin expansion initiatives in FY14, the transition to a new POP Kids program, changes in product mix and business seasonality, as well as certain macroeconomic factors. We are in the process of reducing our previous learning center opening plan of 10-12 per quarter in light of the slower than expected revenue growth outlook for our Q1."
05:32 EDTEDUNew Oriental Education reports Q4 EPS 30c, consensus 24c
Subscribe for More Information
July 21, 2014
16:06 EDTNSLPNew Source Energy approves Q2 distribution increase to 58.5c per unit
New Source Energy announced that the board of its General Partner has approved an increase to the Q2 distribution to 58.5c per unit on all outstanding units, or $2.34 on an annualized basis. The Q2 distribution will be paid on August 15, to all unit holders of record on August 1.
07:15 EDTSAPO'Reilly to hold a conference
Subscribe for More Information
July 18, 2014
13:59 EDTSAPMarketo could be 'interesting' target for SAP, says JMP Securities
Subscribe for More Information
July 17, 2014
05:44 EDTSAPSAP backs FY14 non-IFRS operating profit view of EUR 5.8B-EUR 6B
Subscribe for More Information
05:40 EDTSAPSAP reports Q2 Non-IFRS EPS EUR 0.79 vs. EUR 0.71 last year
Reports Q2 revenue EUR 4.15B vs. EUR 4.06B last year. Reports Q2 Non-IFRS cloud subscriptions and support revenue increased 39% at constant currencies. Reports Q2 Non-IFRS calculated cloud billings increased 37% at constant currencies. Approximately 1.55M connected companies transacting approximately $540B. Non-IFRS software and software-related service revenue increased 8% at constant currencies, 4% at actual currencies to EUR 3.48B. IFRS operating profit of EUR 698M vs. EUR 988M last year impacted by provision of EUR 289M for seven-year old Versata litigation.
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