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Stock Market & Financial Investment News

News Breaks
April 9, 2013
10:00 EDTBCRX, PKI, MAKO, D, AMTG, PRI, GPN, CYS, QLIK, MVO, HILL, BBTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: BB&T (BBT) upgraded to Buy from Neutral at Compass Point... CYS Investments (CYS) upgraded to Buy from Neutral at Compass Point... Dominion (D) upgraded to Overweight from Neutral at Atlantic Equities... Dot Hill Systems (HILL) upgraded to Buy from Hold at Needham... Global Payments (GPN) upgraded to Buy from Neutral at Nomura... MAKO Surgical (MAKO) upgraded to Buy from Neutral at Mizuho... MV Oil Trust (MVO) upgraded to Market Perform from Underperform at Raymond James... Primerica (PRI) upgraded to Outperform from Market Perform at Raymond James... Qlik Technologies (QLIK) upgraded to Overweight from Equal Weight at Evercore... PerkinElmer (PKI) upgraded to Strong Buy from Buy at ISI Group... Apollo Residential Mortgage (AMTG) upgraded to Overweight from Neutral at JPMorgan... BioCryst (BCRX) upgraded to Buy from Hold at MLV Equity.
News For BBT;CYS;D;HILL;GPN;MAKO;MVO;PRI;PKI;QLIK;AMTG;BCRX From The Last 14 Days
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May 28, 2015
11:17 EDTQLIKBofA/Merrill software analyst holds an analyst/industry conference call
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May 26, 2015
20:44 EDTHILLMarcum to hold a conference
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10:38 EDTHILLEMC to expand in cloud with purchase of Virtustream for $1.2B
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09:58 EDTBBTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: L Brands (LB) upgraded to Conviction Buy from Buy at Goldman... Dollar General (DG) upgraded to Conviction Buy from Buy at Goldman... Accenture (ACN) upgraded to Outperform from Market Perform at Cowen... Expedia (EXPE) upgraded to Outperform from Market Perform at JMP Securities... The Fresh Market (TFM) upgraded to Neutral from Underperform at Longbow... Marvell (MRVL) upgraded to Overweight from Equal Weight at Morgan Stanley... Health Care REIT (HCN) upgraded to Buy from Neutral at Mizuho... Gold Fields (GFI) upgraded to Buy from Hold at HSBC... eBay (EBAY) upgraded to Buy from Hold at Axiom... CNOOC (CEO) upgraded to Neutral from Underweight at JPMorgan... Quintiles (Q) upgraded to Buy from Neutral at SunTrust... DCT Industrial (DCT) upgraded to Neutral from Underperform at Credit Suisse... Pebblebrook Hotel (PEB) upgraded to Outperform from Neutral at Credit Suisse... Fortinet (FTNT) upgraded to Buy from Hold at Needham... BB&T (BBT) upgraded to Buy from Neutral at Guggenheim... Hercules Technology (HTGC) upgraded to Outperform from Neutral at Macquarie... InterXion (INXN) upgraded to Buy from Hold at Stifel.
07:22 EDTBBTBB&T upgraded to Buy from Neutral at Guggenheim
May 21, 2015
11:39 EDTHILLNetApp hits 52-week low after results, outlook miss expectations
Shares of storage company NetApp (NTAP) are falling after the company’s fourth quarter results and first quarter outlook significantly trailed analysts’ consensus estimates. WHAT'S NEW: Yesterday, NetApp reported Q4 adjusted earnings per share of 65c and revenue of $1.54B, trailing analysts’ consensus estimates of 72c and $1.59B, respectively. The company raised its quarterly dividend 9% to 18c per share. It also announced a “realignment” that will be implemented through the end of 3Q16. As part of the realignment, NetApp expects to reduce worldwide headcount by approximately 500 employees. The company expects to incur aggregate charges of approximately $25M-$35M for employee terminations and other costs associated with the realignment. WHAT’S NOTABLE: Looking ahead to Q1, NetApp forecast adjusted EPS of 20c-25c and revenue of $1.275B-$1.375B, well below the consensus of 60c and $1.46B, respectively. On the company’s conference call, management said it sees a return to a growth trajectory in second half of FY16. OEM revenue ended at less than 10% of FY15 net revenues and normalized to a level of revenue that the company will no longer discuss separately, management stated, adding that the company is well positioned for the era of cloud computing. They expect to reduce the company’s share count by another 5%, and see operating margins back in range in the second half of the year. ANALYST REACTION: This morning, JP Morgan, Cantor, Summit Research and Needham all downgraded NetApp following its Q4 report. JPMorgan went to Underweight on NetApp, citing the "tough" Cluster ONTAP product transition after the company's Q1 revenue guidance missed expectations. The firm cut its price target for shares to $29 from $35. Cantor Fitzgerald's Brian White downgraded NetApp to Hold from Buy, citing execution issues with the product transition and secular challenges for the storage market, and cut his price target for shares to $35 from $43. Last night marked the seventh time in eight quarters that NetApp missed estimates, Summit Research noted. PRICE ACTION: In late morning trading, NetApp fell $4.17, or about 12%, to $31.16 on nearly four times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $30.90. Including today's pull back, the shares have lost approximately 10% over the past 12 months. OTHERS TO WATCH: Other companies in the in the storage space include EMC Corporation (EMC), Dot Hill Systems (HILL) and Nimble Storage (NMBL).
09:23 EDTDDominion 2.8M share Spot Secondary priced at $72.10
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May 20, 2015
16:45 EDTDDominion completes planned $500M market equity issuances for 2015
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16:39 EDTDDominion files to sell 2.8M shares of common stock
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10:00 EDTGPNOn The Fly: Analyst Initiation Summary
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May 19, 2015
16:48 EDTGPN, GPNGlobal Payments initiated with an Underperform at CLSA
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09:23 EDTQLIKStoltenberg Consulting announces partnership with Qlik Technologies
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07:08 EDTCYSWells Fargo to hold a conference
4th Annual Specialty Finance Conference is being held in New York on May 19.
May 18, 2015
15:17 EDTBCRXBioCryst management to meet with JPMorgan
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07:27 EDTGPNJPMorgan to hold a conference
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07:22 EDTPKIUBS to hold a conference
Global Healthcare Conference is being held in New York on May 18-20 with webcasted company presentations to begin on May 18 at 8 am; not all company presentations may be webcasted. Webcast Link

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