New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 12, 2013
06:02 EDTCHTR, LMCA, TWC, T, CMCSA, CVC, VZCharter's Rutledge, Liberty's Malone back cable industry consolidation, WSJ says
Several months ago, as Liberty Media's (LMCA) John Malone invested in Tom Rutledge's Charter Communications (CHTR), the deal set in motion an effort by the two men to spark consolidation in the nearly $100B U.S. cable industry. Persuading rivals to join forces won't be easy, reports the Wall Street Journal.Reference Link
News For CHTR;LMCA;TWC;T;CMCSA;CVC;VZ From The Last 14 Days
Check below for free stories on CHTR;LMCA;TWC;T;CMCSA;CVC;VZ the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
August 14, 2014
12:46 EDTVZHayman Capital gives quarterly update on stakes
Subscribe for More Information
12:01 EDTVZThird Point gives quarterly update on stakes
NEW STAKES: Rackspace (RAX), Finisar (FNSR), Amgen (AMGN), Ally Financial (ALLY), and AstraZeneca (AZN). INCREASED STAKES: Dollar General (DG) and Dow Chemical (DOW). DECREASED STAKES: FedEx (FDX), Hertz (HTZ), T-Mobile (TMUS) and Intrexon (XON). LIQUIDATED STAKES: Google Class A (GOOGL), Verizon (VZ) and Mondelez (MDLZ).
10:05 EDTLMCAOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:07 EDTT, VZ, CMCSA, LMCAMorgan Stanley to hold a conference
Subscribe for More Information
06:18 EDTLMCALiberty Media upgraded to Overweight from Equal-Weight at Evercore
Subscribe for More Information
August 13, 2014
11:27 EDTTJDSU falls after outlook disappoints, analyst downgrades
Shares of JDSU (JDSU), a provider of equipment to telecommunications service providers, are sharply lower after the company's fourth quarter results and first quarter guidance were reported last night. Following the report, the stock was downgraded this morning at two Street research firms. WHAT'S NEW: Last night, JDSU reported fourth quarter adjusted earnings of 14c per share, beating the consensus forecast by 1c, on revenue of $448.6M, which topped the consensus $436.8M view. However, JDSU expects revenue to be $405M-$425M in its first quarter and sees Q1 EPS of 8c-12c, which fell short of consensus of about $441M and 14c, respectively. JDSU's President and CEO Tom Waechter said, "Looking ahead to fiscal 2015, we believe there are strong market drivers across our three business segments, and that we are well positioned with differentiated products and solutions to support our customers as they transition to Software Defined Networks, Network Function Virtualization and more dependency on cloud infrastructure. We continue to lead in our core network and anti-counterfeiting markets and I am pleased with the momentum we are building in our commercial lasers business on the strength of our highly differentiated fiber laser product line." ANALYST OPINION: Following the company's report, B. Riley analyst Dave Kang cut his rating on JDSU shares to Neutral from a Buy rating, citing near-term uncertainties in the North American telecom market. Kang pointed to two events contributing to that uncertainty, namely an architectural shift to SDN, or Software Defined Networking, and AT&T's (T) planned merger with DirecTV (DTV). The analyst acknowledged previously underestimating the potential impact of the SDN shift on the telecom equipment industry and noted that appears to be impacting JDSU's NSE business more than its optical component unit. Kang prefers Finisar (FNSR) over JDSU given the current environment, noting that about 70% of Finisar's sales come from the datacom sector. Kang lowered his price target on JDS Uniphase shares to $11.75 from $15.50. Piper Jaffray analyst Troy Jensen also downgraded JDSU following its report, lowering his rating on the stock to Neutral from Overweight. Jensen also said the company's worse than expected guidance indicates softer Telco spending and he believes JDSU will have trouble showing significant revenue acceleration even if the optical upgrade cycle starts to ramp up. Piper lowered its price target on the stock to $12 from $14. OTHERS TO WATCH: Other providers of telecom equipment include Ciena (CIEN) and Infinera (INFN). PRICE ACTION: In morning trading, shares of JDSU fell $1.12, or 9.4%, to $10.78. Meanwhile, shares of Finisar were down nearly 2% to $19.58, Ciena slipped 1.5% to $18.92 and Infinera was fractionally higher at $9.09.
11:12 EDTTWCTime Warner Cable adds NBCUniversal portfolio to TV Everywhere
Time Warner Cable announced the addition of NBCUniversal’s portfolio of broadcast and cable networks to its TV Everywhere offering across multiple platforms and devices. Time Warner Cable and Bright House subscribers will have authenticated access to live and on demand content from NBCUniversal’s cable networks including USA Network, Syfy, Telemundo, Bravo, Oxygen, CNBC, MSNBC, mun2, NBC Sports Network, and Golf Channel, as well as local NBC and Telemundo owned broadcast stations.
August 12, 2014
14:55 EDTTFrontier Communications confirms settlement with Connecticut AG over AT&T deal
Frontier Communications (FTR) announced it has reached an agreement with the Connecticut Attorney General and the Office of Consumer Counsel related to Frontier’s proposed acquisition of AT&T's (T) incumbent local exchange operations and statewide fiber network that provides services to residential, commercial and wholesale customers in Connecticut. As part of the transaction, Frontier will also acquire AT&T's U-verse video and satellite TV operations in Connecticut. Highlights of the agreement state that for a period of not less than 36 months after the closing of the transaction (i) there will be no increases in the basic primary residential rate in effect for transferred exchanges as of the closing date; and (ii) where available, Frontier has agreed to offer its basic broadband and stand-alone basic broadband product at or below Frontier’s current prices. In addition, Frontier has committed to incremental capital investments totaling $63M over 2015, 2016 and 2017 to expand and improve broadband in Connecticut.
10:38 EDTCMCSAAxial collects $11M from backers, Fortune says
Private company financing online platform Axial has collected nearly $11M in Series B funding from backers such as Redpoint Ventures, First Round Capital and Comcast Ventures, according to Fortune, citing comments from Axial CEO Peter Lehrman. Comcast Ventures was the primary backer. Reference Link
08:55 EDTVZVerizon CFO says cash priorites include investing in network, dividend
Subscribe for More Information
August 11, 2014
15:45 EDTTSpherix subsidiary settles with AT&T, files joint motion to dismiss
Spherix (SPEX) subsidiary Guidance IP has reached a settlement with AT&T (T), according to a court document filed August 7 in the U.S. District Court for the Northern District of Texas. The settlement stems from a lawsuit filed on December 6, 2013 by Spherix for infringement of its patent entitled, "System and Method for Determining the Geolocation of a Transmitter." Shares of small-cap Spherix are up 19% to $1.75 in later afternoon trading following the circulation of the court filing. Reference Link
August 8, 2014
11:32 EDTVZ, TSprint is preparing to engage in fierce pricing war, WSJ reports
Sprint (S) is preparing to engage in a fierce price competition on the heels of an almost complete network revamp, according to the Wall Street Journal, citing Masayoshi Son, the CEO of parent company Softbank (SFTBY). Sprint is currently testing new pricing plans, and will utilize its "street fighter" strategies to take on larger rivals Verizon (VZ) and AT&T (T). "Price competition will intensify. Sprint will soon be ready to join the fray," Son said. Reference Link
07:56 EDTTSonus Networks upgraded to Outperform from Market Perform at Barrington
Subscribe for More Information
August 7, 2014
13:25 EDTCMCSAEarnings Preview: CBS shares little changed since Q1 report
Subscribe for More Information
09:36 EDTVZActive equity options trading on open
Subscribe for More Information
August 6, 2014
13:12 EDTCMCSA, TAT&T mulls buying CSN Houston, Bloomberg says
Subscribe for More Information
13:01 EDTCHTRCharter, ESPN sign distribution agreement for SEC Network
Subscribe for More Information
10:00 EDTCVCOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:36 EDTVZActive equity options trading on open
Subscribe for More Information
06:14 EDTCVCCablevision upgraded to Neutral from Sell at Citigroup
Subscribe for More Information
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