New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 19, 2013
06:58 EDTCMICummins selected by NextFort for power backup systems
NextFort Ventures Chandler, owner and operator of a first-of-its-kind modular data center, announced the selection of Cummins, Inc., a global power leader, as the provider of a highly efficient distributed redundant backup power system in NextFort's new 180,000 square foot data center set to open in March. NextFort's unique approach requires a distributed parallel configuration and advanced control systems for power and cooling systems. NextFort chose Cummins for its expertise as a leading provider of diesel and gas-powered generator sets, transfer switches and paralleling systems for standby/emergency power, prime power, peak power, distributed power and co-generation. NextFort is installing Cummins generators in 5 megawatt N+1 redundant distributed parallel generator set cluster configuration. This includes NextFort's emphasis on maximum energy efficiency throughout the data center further reducing operating costs.
News For CMI From The Last 14 Days
Check below for free stories on CMI the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 16, 2014
09:59 EDTCMIOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
05:32 EDTCMICummins downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Cummins to Market Perform on concerns the company will struggle to meet 2015 consensus expectations due to emerging market demand weakness, slower power generation improvement and warranty accrual headwinds in Engines. Wells lowered its price target range for shares to $145-$148 from $170-$173.
September 4, 2014
07:53 EDTCMIAugust Class 8 truck orders bwlow consensus, says Morgan Stanley
Subscribe for More Information
07:20 EDTCMIAugsut truck orders well ahead of expectations, says Jefferies
Subscribe for More Information
05:24 EDTCMIAugust Class 8 truck orders below expectations, says Wells Fargo
Wells Fargo notes that ACT Research reported August Class 5-8 truck orders were up 14% year-over-year but declined 6% from July. Class 8 net orders were 25,400, up 30% year-over-year and down 16% sequentially from July, below Wells' expectation of 27,000-30,000. The firm says Class 8 orders remained strong, however. Wells believes the modest Class 8 truck backlog decline may be a short-term neutral to negative for truck-related stocks, such as Cummins (CMI), Navistar (NAV) and PACCAR (PCAR).

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