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Stock Market & Financial Investment News

News Breaks
June 8, 2012
10:30 EDTCFNL, SD, RVBD, NEON, LGND, JNPR, HSKA, FFIV, CY, CSCO, TECHOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Cardinal Financial (CFNL) initiated with a Buy at Janney Capital... Cisco (CSCO) initiated with a Buy at Citigroup... Cypress Semiconductor (CY) initiated with a Sell at Cantor... F5 Networks (FFIV) initiated with a Buy at Citigroup... Heska (HSKA) initiated with a Buy at C.K. Cooper... Juniper (JNPR) initiated with a Buy at Citigroup... Ligand Pharmaceuticals (LGND) initiated with a Buy at Cantor... Neonode (NEON) initiated with a Buy at Cantor... Riverbed (RVBD) initiated with a Buy at Citigroup... SandRidge Energy (SD) initiated with an Outperform at RBC Capital... Techne (TECH) initiated with a Market Perform at William Blair.
News For CFNL;CSCO;CY;FFIV;HSKA;JNPR;LGND;NEON;RVBD;SD;TECH From The Last 14 Days
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October 9, 2014
08:31 EDTRVBDRiverbed narrows Q3 adjusted EPS view to 30c-31c from 30c-32c
Consensus is 31c. Cuts Q3 revenue view to $276M-$277M from $285M-$291M, consensus $286.75M. The revised guidance primarily reflects lower than expected growth in the company’s WAN Optimization and virtual ADC businesses.
06:52 EDTCSCOTechnology producer settles China facility demonstrations, Reuters says
Hon Hai Precision Industry confirmed that it had settled a demonstration which involved close to 1K staff members at its Chongqing plant in China, and noted that manufacturing at the facility was not affected by the strike, according to Reuters, citing a statement from the company. Hon Hai constructs Apple (AAPL) products, as well as HP (HPQ) and Cisco (CSCO) computers and servers. The Chongqing facility isn't listed by Apple as one of its certified suppliers. Reference Link
06:40 EDTFFIVSource of JPMorgan cyberattack still unclear, NY Times says
The source of the cyberattack on JPMorgan (JPM) and other U.S. financial institutions this summer is still unclear, according to The New York Times. The hackers may have tried to hit about a dozen financial institutions , and E-Trade(ETFC) and Fidelity Investments may have been victimized in some way, the newspaper stated, citing an unnamed source who was briefed on the matter. At least five other banks, including Citigroup (C), HSBC (HBC) and Regions Financial (RF), discovered that one of the web addresses used by those who hacked JPMorgan tried to penetrate their systems, The Times quoted unnamed sources briefed on the matter as saying. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
October 8, 2014
13:20 EDTFFIVF5 Networks shares overvalued, says Northland
Northland believes F5 Networks shares are overvalued due to lower growth, competitor guidance reduced due lengthening U.S. sales cycles, and lack of priority spending for ADC's. Shares are Market Perform rated with a $110 price target.
11:11 EDTLGNDLigand Q3 pre-announcement unlikely to rally stock, says Cantor
Cantor said its views Ligand's pre-announcement of better than expected Q3 results as no more than "a shuffling of the deck chairs" since the company did not also raise its view for the fiscal year. The firm said it does not expect upward momentum for the stock in the near-term and maintains its Hold rating on the shares.
10:38 EDTCYHigh option volume stocks
High option volume stocks: FRAN RMTI ACM CY CLNY SMH BEAV SIG CTB DUG SHLD
10:00 EDTJNPROn The Fly: Analyst Downgrade Summary
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09:38 EDTCSCOCisco breakup would not create much value, says Citigroup
Citigroup says its analysis shows that a breakup of Cisco would not create much more value than the current share price. With CEO John Chambers' likely retirement next year, however, Citi thinks the Cisco board is likely to at least entertain the option of a split. The firm sees a low probability of a breakup taking place and keeps a Sell rating on Cisco shares. Citi upped its price target for the stock to $22 from $20.50. Citi's analysis of Cisco follows breakup decisions by HP (HPQ) and JDSU (JDSU) and Bloomberg's report this morning that Symantec (SYMC) is in advanced talks to split into two separate companies. This report corrects the rating on Cisco shares to Sell.
08:38 EDTCYCypress Semiconductor 2015 results could beat expectations, says Sterne Agee
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08:34 EDTLGNDLigand maintains FY14 adjusted EPS $1.50-$1.55, consensus $1.55
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08:33 EDTLGNDLigand sees Q4 revenue $22.5M-$24.5M, consensus $23.54M
08:33 EDTLGNDLigand sees Q3 adjusted EPS 33c-37c, consensus 32c
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07:38 EDTJNPRJuniper downgraded at MKM Partners
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07:32 EDTJNPRJuniper downgraded at MKM Partners
As noted earlier, MKM Partners downgraded Juniper to Neutral from Buy. The firm thinks that the bull case on the stock is too centered on cost cuts and low valuation, and not enough on the company's growth outlook. MM Partners also believes that the service provider router market faces numerous overhangs. Target $24.
07:10 EDTJNPRJuniper downgraded to Neutral from Buy at MKM Partners
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06:35 EDTCSCOCisco's reorganization affects up to 25,000 employees, Business Insider reports
Cisco's reorganization of its routing and switching engineering business could affect up to 25,000 employees, reports Business Insider. Citing sources in Silicon Valley, the reorganization involves massive changes for the unit, moving from individual teams to two big overarching teams with one group focused on software and the other on hardware. Due to the changes, sources say a lot of senior employees have begun send out resumes. Reference Link
October 7, 2014
09:36 EDTCYActive equity options trading on open
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08:18 EDTJNPRJuniper execution could drive 40% upside, says Bernstein
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07:36 EDTCSCOCisco unlikely to split-up despite speculation, says UBS
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06:52 EDTCSCOAruba Networks may be displacing Cisco in some verticals, says RBC Capital
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