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Stock Market & Financial Investment News

News Breaks
May 6, 2014
07:35 EDTCOMM, ERICRBC Capital to hold a conference
Communications Technology Investor Day is being held in Boston on May 6.
News For COMM;ERIC From The Last 14 Days
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May 5, 2015
10:04 EDTCOMMOn The Fly: Analyst Upgrade Summary
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07:16 EDTERICNational Cable & Telecommunications Association to hold an expo
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06:57 EDTCOMMCommScope upgraded to Buy from Neutral at BofA/Merrill
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May 1, 2015
14:31 EDTCOMMCommScope stockholders approve proxy proposals
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April 30, 2015
07:50 EDTCOMMCommScope CEO sees wireless carrier spending strengthening in 2H15
The acquisition of TE Connectivity’s Telecom, Enterprise and Wireless businesses is expected to be in excess of 20% accretive to CommScope’s adjusted EPS by the end of the first full year after closing. CommScope CEO Eddie Edwards stated, “We continue to believe that the ever increasing global demand for broadband connectivity and our planned transformative acquisition of TE Connectivity’s Telecom, Enterprise and Wireless businesses will position CommScope well for long-term growth and value creation. Given the secular demand for fiber, TE Connectivity’s fiber portfolio is expected to be a driver of growth across CommScope’s businesses."
06:11 EDTCOMMCommScope sees Q2 adjusted EPS 45c-50c, consensus 49c
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06:09 EDTCOMMCommScope reports Q1 adjusted EPS 42c, consensus 36c
Reports Q1 revenue $825M, consensus $823.69M.
April 28, 2015
10:05 EDTERICOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Applied Materials (AMAT) downgraded to Neutral from Buy at Nomura... CGI Group (GIB) downgraded to Hold from Buy at Societe Generale... Celladon (CLDN) downgraded to Neutral from Buy at H.C. Wainwright... Coherent (COHR) downgraded to Neutral from Buy at B. Riley... Commerzbank (CRZBY) downgraded to Neutral from Overweight at JPMorgan... Continental Resources (CLR) downgraded to Neutral from Accumulate at Global Hunter... Crestwood Equity (CEQP) downgraded to Neutral from Overweight at JPMorgan... Crestwood Midstream (CMLP) downgraded to Neutral from Overweight at JPMorgan... Discovery (DISCA) downgraded to Sell from Neutral at UBS... Ericsson (ERIC) downgraded to Neutral from Buy at Goldman... First Merchants (FRME) downgraded to Market Perform from Outperform at Fig Partners... MDC Partners (MDCA) downgraded to Sector Perform from Outperform at RBC Capital... Medidata (MDSO) downgraded to Hold from Buy at Jefferies... Melco Crown (MPEL) downgraded to Underweight from Equal Weight at Morgan Stanley... SM Energy (SM) downgraded to Accumulate from Buy at Global Hunter... Springleaf (LEAF) downgraded to Neutral from Outperform at Macquarie... iGATE (IGTE) downgraded to Sector Perform from Outperform at RBC Capital.
April 27, 2015
16:50 EDTERICEricsson downgraded to Neutral from Buy at Goldman
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April 24, 2015
08:13 EDTERICEricsson disappointing revenues due to North American weakness, says Cowen
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07:52 EDTERICEricsson shares should be bought on weakness, says Bernstein
Bernstein says that Ericsson's results were disappointing. The firm says the company's gross margin miss was driven by its ongoing litigation with Apple (AAPL) and a decline in U.S. software revenues and higher sales in China. The firm says the negative reaction in the stock was overdone and it keeps an Outperform rating on the shares.
April 23, 2015
05:29 EDTERICEricsson expects pace of 4G deployments in China to continue
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05:29 EDTERICEricsson reports Q1 net income SK1.5B vs. SK1.7B last year
Reports Q1 sales SK53.5B vs. SK47.5B. Reports Q1 operating margin 4% vs. 5.5% last year. Significant currency movements impacted sales positively. Gross margin decreased YoY to 35.4% (36.5%), due to lower capacity business in North America and continued fast pace of 4G coverage deployments in Mainland China, increased restructuring charges and a higher share of Global Services sales.

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