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Stock Market & Financial Investment News

News Breaks
August 14, 2014
05:52 EDTBRCM, CAVM, CSCO, AVGOOpco sees Cicso results as favorable for supply chain
Oppenheimer expects Cisco's (CSCO) Q4 results and outlook to have a favorable response on the supply chain, especially Avago (AVGO) and Cavium (CAVM), which it notes are leveraged to cloud/hyperscale data center and networking. Opco says Cisco's enterprise strength bodes well for Avago, Broadcom (BRCM) and Cavium.
News For AVGO;CAVM;BRCM;CSCO From The Last 14 Days
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July 31, 2015
08:06 EDTCSCOCisco should report strong July quarter results, says Oppenheimer
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July 30, 2015
17:40 EDTAVGO, BRCMIRS not assuring Broadcom Holders that Avago takeover tax-free, WSJ says
The IRS is not assuring that the Avago (AVGO) takeover of Broadcom (BRCM) will be tax-free to Broadcom shareholders, says the Wall Street Journal. Reference Link
16:09 EDTBRCMBroadcom sees Q3 adjusted gross margin 55.3%, plus or minus 75 bps
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16:08 EDTBRCMBroadcom sees Q3 revenue about $2.14B, plus or minus $75M, consensus $2.24B
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16:06 EDTBRCMBroadcom reports Q2 EPS 72c, consensus 75c
Reports Q2 revenue $2.1B, consensus $2.11.
15:04 EDTBRCMNotable companies reporting after market close
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12:26 EDTBRCM, AVGOAvago guided 2015 adjusted earnings above consensus
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09:25 EDTCAVMOn The Fly: Pre-market Movers
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08:26 EDTCAVMCavium price target lowered to $76 from $89 at Canaccord
Canaccord lowered its price target on Cavium to $76 from $89 following Q2 results, citing weakness in the wireless sector including a slowdown in infrastructure capital spending. Canaccord maintained its Buy rating on Cavium as its long-term thesis remains intact.
08:08 EDTCAVMCavium weakness creates buying opportunity, says Oppenheimer
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July 29, 2015
16:20 EDTCAVMCavium reports Q2 adjusted EPS 41c, consensus 41c
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10:36 EDTCSCOLockheed Martin launches healthcare technology alliance
Lockheed Martin (LMT) announced the formation of a new healthcare technology alliance, combining the expertise of health IT providers, medical technology companies, and academic institutions to advance public health. The Lockheed Martin Healthcare Technology Alliance's founding members include: Cisco (CSCO), Cloudera, Illumina (ILMN), Intel (INTC) and Montgomery College. The members of the Lockheed Martin Healthcare Technology Alliance will collaborate on technology solutions that help improve care in rapidly evolving and growing areas of health technology such as those that: secure patient medical information; leverage advances in genomic research; and apply big data solutions to improve public health.
July 27, 2015
11:18 EDTCSCOCisco's new CEO names Biri Singh as CTO, Kevin Brandy as CDO
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July 26, 2015
15:07 EDTCSCOCisco CEO to add 'key external hires' to management team, Barron's says
Cisco CEO Chuck Robbins told Barron's in an interview that "I think itís fair to say I bring the ability to move faster [than predecessor John Chambers] just in how I structure the teams and how I will interact with them," adding that he plans "some key external hires," potentially in cloud computing and security. The publication notes that shares of Cisco could jump "sharply higher" if investors start looking at Cisco's potential strength in the Internet-of-Things space. Reference Link
14:44 EDTCSCOAmazon cloud sales signal risk for traditional data storage, Barron's says
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July 24, 2015
06:17 EDTCSCOCisco new CEO says to exit Q4 with headcount up
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July 23, 2015
06:15 EDTCSCOTechnicolor to acquire Cisco's connected devices unit for EUR550M
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July 22, 2015
14:51 EDTCAVM, BRCM, AVGOEarnings Watch: Qualcomm reports after speculations of potential breakup
Qualcomm (QCOM) is expected to report third quarter earnings after the close on July 22, with a conference call scheduled for 4:45 pm ET. Qualcomm is a maker of semiconductors and telecommunications equipment. EXPECTATIONS: Analysts are looking for earnings per share of 95c on revenue of $5.85B. EPS consensus ranges 90c-$1.05 on a revenue range of $5.59B-$6.08B, according to First Call. LAST QUARTER: On April 22, Qualcomm reported Q2 EPS of $1.40 against expectations for $1.33, and revenue of $6.89B versus estimates of $6.83B. The company also cut its FY15 EPS guidance to $4.60-$5.00 from $4.85-$5.05 and lowered projected revenue to $25B-$27B from $26.3B-$28B, saying it expects pressure in its semiconductor business due to customer shifts in the premium segment and a decline in Qualcomm's share at an unnamed large customer. NEWS: On May 8, Reuters reported that EU antitrust regulators asked Qualcomm's competitors how the company's licensing and business practices affect them, and on July 16, the European Commission confirmed two formal antitrust investigations of the company. On May 25, Qualcomm and Daimler (DDAIF) announced a strategic collaboration to develop connected car technology. Coming on the heels of Avago's (AVGO) May 28 agreement to acquire Broadcom (BRCM), Bloomberg quoted a source later that day as saying Qualcomm, Intel (INTC), Altera (ALTR), Analog Devices (ADI), Maxim Integrated (MXIM), Texas Instruments (TXN), and Microchip Technology (MCHP) are all considering their own M&A opportunities. Note that on June 1, Intel announced an agreement to acquire Altera. On June 23, Semiconductor Manufacturing International (SMI), Qualcomm, Huawei, and Imec announced the formation of a joint venture to focus on a type of 14 nanometer technology. More recently, the Wall Street Journal reported on July 20 that Qualcomm is "expected" to begin a comprehensive strategic review which may include the possibility of a breakup following pressure from "activist" shareholder Jana Partners, according to sources, adding that the move could be announced concurrent with Wednesday's earnings release. STREET RESEARCH: Following last quarter's earnings report, Exane BNP Paribas downgraded Qualcomm to Neutral from Outperform, while both Canaccord and Brean Capital lowered price targets for the stock after "disappointing" guidance. Meanwhile, Citi said it expects the company's chip business to recover in 2016 despite this "very bad year." On May 28, CLSA said it sees continued pressure on Qualcomm chipsets, potentially spurring the company to consider making an acquisition, and on June 2, Craig-Hallum noted that Skyworks (SWKS) would be a great fit for Qualcomm. On June 24, Summit Research called Applied Micro Circuits (AMCC) an "affordable" target for Qualcomm, with AMD (AMD) and Cavium (CAVM) also looking like potential takeover candidates. On June 29, Drexel Hamilton downgraded Qualcomm to Sell from Hold, citing expected price cuts. Lastly, following media reports on July 20 that Qualcomm could be weighing a breakup, Bernstein said that such a "dis-synergistic" split would likely destroy value rather than create it. PRICE ACTION: Shares of Qualcomm are down more than 1% to $64.37 in afternoon trading ahead of Wednesday's earnings report.
July 21, 2015
19:00 EDTBRCM, AVGOOn The Fly: After Hours Movers
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14:24 EDTCSCOEarnings Watch: EMC reports amid M&A speculation in sector
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