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June 9, 2014
09:58 EDTWM, PBFX, ZEN, TIME, LPG, JONE, DST, GLOP, BTGOn The Fly: Analyst Initiation Summary
Time Inc. (TIME) initiated with an Outperform at Wells Fargo... B2Gold (BTG) initiated with an Overweight at JPMorgan... DST Systems (DST) initiated with a Buy at BofA/Merrill... Dorian LPG (LPG) initiated with a Buy at UBS... GasLog Partners (GLOP) initiated with a Buy at UBS... Jones Energy (JONE) initiated with a Buy at Brean Capital... PBF Logistics (PBFX) initiated with a Buy at UBS... Zendesk (ZEN) initiated with a Neutral at Goldman... Ethan Allen (ETH) initiated with a Buy at Gabelli... Zendesk initiated with a Buy at Canaccord... Zendesk initiated with a Neutral at Credit Suisse... Zendesk initiated with an Outperform at Pacific Crest... Mobile Mini (MINI) initiated with a Buy at Deutsche Bank... Waste Management (WM) initiated with a Hold at Deutsche Bank.
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May 19, 2015
07:31 EDTJONEUBS to hold a conference
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May 18, 2015
08:17 EDTBTGB2Gold called 'rare creature' in precious metals at JPMorgan
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May 15, 2015
16:51 EDTTIMEGreenlight Capital gives quarterly update on stakes
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05:30 EDTBTGB2Gold reports Q1 EPS 0c, consensus 0c
Reports Q1 revenue $138.89M, consensus $130.21M.
May 14, 2015
15:01 EDTBTGNotable companies reporting before tomorrow's open
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09:17 EDTJONEJones Energy 5M share Spot Secondary priced at $10.00
The deal priced below the $10.25-$10.75 range. JPMorgan acted as sole book running manager for the offering.
May 13, 2015
16:07 EDTJONEJones Energy files to sell 5M shares of Class A common stock for holders
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07:21 EDTZENCredit Suisse to hold a conference
4th Annual Disruptive Technology Conference is being held in San Francisco on May 13-14 with webcasted company presentations to begin on May 13 at 10:35 am; not all company presentations may be webcasted. Webcast Link
May 12, 2015
11:38 EDTZENLivePerson sinks to 52-week low after cutting fiscal 2015 outlook
Shares of LivePerson (LPSN), a provider of cloud-based digital engagement solutions, are sinking after the firm lowered its outlook for fiscal 2015. WHAT'S NEW: LivePerson yesterday reported first quarter adjusted earnings per share of 4c, in line with analysts' consensus estimates, on revenue of $59.8M, slightly below analysts' consensus estimates of $60.79M. LivePerson said it signed 147 deals in the quarter, including the addition of 30 new customers. Looking ahead to the second quarter, LivePerson forecast adjusted EPS of 0c-2c and revenue of $58.5M-$59.5M, well below the analysts' consensus estimates of 6c and $63.88M, respectively. WHAT'S NOTABLE: The company lowered its fiscal year 2015 adjusted EPS view to 10c-15c from 27c-32c, significantly trailing analysts' consensus estimates of 28c. LivePerson also cut its FY15 revenue outlook to $243M-$247M from $263M-$269M, also well below analysts' estimates of $264.36M. The company reduced reduced FY15 revenue guidance by $21M when comparing the midpoint of its updated guidance range to the midpoint of its previous guidance range. The adjustment reflects the impact of one large customer contract that ended, an increase in foreign exchange headwinds and a slightly slower start to the year than expected as the company intensified its focus on bringing LiveEngage to the market, the company said. LivePerson said it expects to record a $2.5M charge in Q2 related to cost-cutting move, which it described as "reprioritizing on areas showing the highest potential growth." The company believes its cost-savings initiatives will generate approximately $13M of expense savings in 2015. ANALYST REACTION: Credit Suisse this morning downgraded LivePerson to Neutral from Outperform and lowered its price target to $8 from $19. The firm said LivePerson was "forced" to lower revenue guidance for FY15 primarily due to the loss of AT&T (T) as a pay-for-performance chat customer, as well as from a slow sales start and FX. The firm said the ability of LivePerson to transition its large customer base to LiveEngage 2.0 will take longer than previously estimated. PRICE ACTION: In late morning trading, LivePerson fell $1.16, or 12.26%, to $8.30 on more than five times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $8.10. Including today's pull back, the shares have lost approximately 15% over the past 12 months. OTHERS TO WATCH: Other companies offering cloud-based digital engagement solutions include eGain (EGAN), down 1.2%, Zendesk (ZEN), down 4.05%, and (CRM), up 0.2%.

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