New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 7, 2014
10:00 EDTTTGT, PTCT, SONS, NAO, FUEL, MDCA, CLGX, GLNG, CHEF, MOBL, EBMTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Chef's Warehouse (CHEF) initiated with a Market Perform at BMO Capital... CoreLogic (CLGX) initiated with a Buy at Monness Crespi... Eagle Bancorp (EBMT) initiated with an Outperform at Fig Partners... Golar LNG (GLNG) initiated with a Buy at BofA/Merrill... MDC Partners (MDCA) initiated with an Overweight at Evercore... MobileIron (MOBL) initiated with a Buy at Deutsche Bank... Nordic American Offshore (NAO) initiated with an Overweight at Morgan Stanley... PTC Therapeutics (PTCT) initiated with a Buy at Roth Capital... Rocket Fuel (FUEL) initiated with a Market Perform at Wells Fargo... Sonus Networks (SONS) initiated with an Outperform at Pacific Crest... TechTarget (TTGT) initiated with a Buy at Craig-Hallum.
News For CHEF;CLGX;EBMT;GLNG;MDCA;MOBL;NAO;PTCT;FUEL;SONS;TTGT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
March 24, 2015
11:26 EDTSONSSonus downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Sonus to Market Perform citing the reduced Q1outlook from carrier delays.
11:07 EDTMDCAMDC Partners management to meet with FBR Capital
Subscribe for More Information
10:09 EDTSONSHigh option volume stocks
Subscribe for More Information
09:47 EDTSONSSonus shares maintained as a Buy at Jefferies
Jefferies said Sonus' long-term story is intact and expects the company to benefit from the transition to IP-based real-time communications. Shares are Buy rated with a $25 price target.
09:22 EDTSONSOn The Fly: Pre-market Movers
Subscribe for More Information
08:12 EDTSONSSonus down 33.21% in pre-market trading after cutting Q1 guidance
Subscribe for More Information
07:47 EDTSONSSonus volatility flat at 46 into cutting Q1 guidance
Subscribe for More Information
07:35 EDTSONSSonus says 'no longer expects to receive certain orders' this quarter
Subscribe for More Information
07:33 EDTSONSSonus sees FY15 revenue up to 25% below midpoint of previous $326M-$330M view
Subscribe for More Information
07:32 EDTSONSSonus initiates company-wide review of cost structure
Subscribe for More Information
07:32 EDTSONSSonus cuts Q1 EPS view to (34c)-(29c) from 3c
Subscribe for More Information
07:31 EDTSONSSonus cuts Q1 revenue view to $47M-$50M from $74M
Subscribe for More Information
March 23, 2015
12:55 EDTSONSFollow-up: Sonus downgraded at Wedbush
Subscribe for More Information
12:41 EDTSONSSonus downgraded to Neutral from Outperform at Wedbush
Subscribe for More Information
March 20, 2015
14:55 EDTCLGXCoreLogic management to meet with Piper Jaffray
Subscribe for More Information
March 19, 2015
08:11 EDTPTCTPTC Therapeutics and University of Pennsylvania partner for disease research
Subscribe for More Information
06:53 EDTCLGXCoreLogic management to meet with Oppenheimer
Meeting to be held in the Mid-Atlantic area on March 25 hosted by Oppenheimer.
06:52 EDTCLGXCoreLogic management to meet with William Blair
Subscribe for More Information
March 18, 2015
07:03 EDTSONSSonus transitions enterprises to Microsoft Skype for business
Subscribe for More Information
March 17, 2015
07:38 EDTNAONordic American Offshore chairman increases stake, lowers dividend
Nordic American Offshore (NAO) Chairman, Herbjorn Hansson released a letter to shareholders stating that he has increased his stake by 50,000 shares. The letter stated, "A company owned and controlled by my son Alexander and I bought 50,000 NAO shares yesterday at about $7.83 per share, in addition to the stock ownership we have direct and indirect in NAO. Currently the market for our vessels is turbulent - the decline in oil price has led to reductions in exploration activity in the North Sea, in turn lowering the number of working oil rigs and the demand for PSVs. Five vessels in our eight vessel fleet are currently employed on contracts, up from three last quarter. Three of our vessels are operating in the spot market. At the time of this letter to you, we enter a period of greater visibility on earnings and security in the current challenging environment. We have achieved in excess of 80% utilization which is a sound performance in the current market conditions. Rates for the spot ships have been reduced this year as a consequence of the low oil prices." The letter also stated that the company will continue to pay a dividend but at a rate less than the previous quarterly dividend of 45c per share. "In our 2014 start-up year we declared total dividends of $1.80 per share. Going forward we will review the dividend on a quarterly basis in the same way as Nordic American Tankers (NAT) has done in the past. NAO basically employs the same strategy as NAT. A strong balance sheet and low cost breakeven are the key elements of our robust long-term performance. We expect to continue to pay a dividend going forward although, for the time being, at a lower level than for the previous quarters when the dividend was 45c per share."
1 | 2 | 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