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Stock Market & Financial Investment News

News For CREE;ISRG;TPX;FFIV;MDRX From The Last 14 Days
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May 21, 2015
09:58 EDTCREEOn The Fly: Analyst Upgrade Summary
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07:23 EDTCREE, CREECree upgraded to Underperform from Sell at CLSA
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07:16 EDTTPXLongbow to hold a conference
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May 20, 2015
15:55 EDTFFIVCareFirst BlueCross BlueShield confirms cyberattack
CareFirst BlueCross BlueShield has confirmed that cyberattackers gained limited, unauthorized access to a single CareFirst database. This was discovered as a part of the company’s ongoing Information Technology security efforts in the wake of recent cyberattacks on health insurers. CareFirst engaged Mandiant, a unit of FireEye (FEYE), to conduct an end-to-end examination of its IT environment. The review determined that in June 2014 cyberattackers gained access to a single database in which CareFirst stores data that members and other individuals enter to access CareFirst’s websites and online services. Approximately 1.1M current and former CareFirst members and individuals who do business with CareFirst online who registered to use CareFirst’s websites prior to June 20, 2014 are affected by this event. All affected members will receive a letter from CareFirst offering two free years of credit monitoring and identity theft protection. Mandiant completed its review and found no indication of any other prior or subsequent attack or evidence that other personal information was accessed. Other publicly traded companies in the cybersecurity space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).
08:41 EDTFFIVCisco CFO sees potential for acquistions in security
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May 19, 2015
09:58 EDTTPXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ascena Retail (ASNA) upgraded to Outperform from Market Perform at FBR Capital... Enphase Energy (ENPH) upgraded to Strong Buy from Buy at Needham... Fifth Third (FITB) upgraded on Vantiv outlook at Oppenheimer... Hortonworks (HDP) upgraded to Overweight from Equal Weight at Barclays... MasterCard (MA) upgraded to Overweight from Sector Weight at Pacific Crest... NetEase.com (NTES) upgraded to Buy from Neutral at Citigroup... Panera Bread (PNRA) upgraded to Outperform from Market Perform at Cowen... Potash (POT) upgraded to Market Perform from Underperform at Cowen... Reed Elsevier (RUK) upgraded to Buy from Neutral at Goldman... Royal Caribbean (RCL) upgraded to Overweight from Neutral at JPMorgan... Sysco (SYY) upgraded at Credit Suisse... THL Credit (TCRD) upgraded to Buy from Hold at Deutsche Bank... Take-Two (TTWO) upgraded to Buy from Neutral at Sterne Agee CRT... Tempur Sealy (TPX) upgraded on Sealy gross margin improvement at Longbow... TriState Capital (TSC) upgraded to Outperform from Market Perform at Keefe Bruyette... Xilinx (XLNX) upgraded to Overweight from Sector Weight at Pacific Crest.
07:41 EDTTPXTempur Sealy upgraded on Sealy gross margin improvement at Longbow
As previously reported, Longbow upgraded Tempur Sealy to Buy from Neutral. The firm believes the new CEO will accelerate Sealy gross margins and focus on better procurement, plant consolidations, and higher first pass scrap yields, among other improvements. Longbow predicts Sealy gross margins to reach 33% in FY16, a year ahead of management's goal, and established a $73 price target on the shares.
06:10 EDTTPXTempur Sealy upgraded to Buy from Neutral at Longbow
May 18, 2015
18:26 EDTMDRXAllscripts cuts 250 jobs, Crain's says
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13:41 EDTCREECree sees Franco Plastina becoming CEO of Power and RF business post-IPO
In a regulatory filing earlier, Cree reported that on May 5, its board of directors appointed Franco Plastina as the company’s interim EVP, Power & RF, effective June 8. The company additionally noted that it expects Plastina to serve as CEO of Cree Power & RF Division upon the completion of its previously announced initial public offering. Plastina is presently a member of the company’s board, on which he has served since December 2007. Since May 2012, Plastina has served as president and founder of Arc & Company, an advisory and angel investment firm.
08:35 EDTCREECree submits registration statement for IPO of Power and RF Business
Cree announced that Cree’s wholly owned Power and RF subsidiary has submitted a draft registration statement on a confidential basis to the SEC for a potential initial public offering of the subsidiary’s class A common stock. The type and number of shares of stock to be sold and the price range for the proposed initial public offering has not yet been determined, although Cree intends to remain the majority stockholder of the subsidiary post offering. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions. The Power and RF subsidiary is raising capital to invest directly in the business to support targeted future growth. The offering would enable Cree management to focus on Cree’s LED and Lighting businesses, while also creating a dedicated focus on the Power and RF business. The company believes that this transaction should allow Cree shareholders to better realize the full value of both businesses, the company said.
07:27 EDTCREEJPMorgan to hold a conference
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May 15, 2015
10:29 EDTISRGAmerican Urological Association to hold an annual meeting
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May 14, 2015
10:56 EDTMDRXOptions with decreasing implied volatility
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May 12, 2015
10:01 EDTISRGOn The Fly: Analyst Initiation Summary
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05:34 EDTISRGIntuitive Surgical initiated with a Neutral at Piper Jaffray
Piper Jaffray analyst Matt O'Brien started shares of Intuitive Surgical with a Neutral rating and $505 price target. O'Brien calls the stock "simply too expensive" relative to expected sales and earnings, but admits Intuitive's robotic surgical technology will likely dominate the market in the coming years. Further, the analyst thinks the company's da Vinci Prostatectomy and da Vinci Hysterectomy procedures could contract amid new diagnostic tests and insurance pushback. The stock closed yesterday up $2.05 to $496.37.
May 11, 2015
15:07 EDTTPXFollow-up: Tempur Sealy downgraded at Raymond James
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14:00 EDTTPXTempur Sealy downgraded to Market Perform from Outperform at Raymond James
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10:17 EDTMDRXOptions with decreasing implied volatility
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09:57 EDTCREECree calls active on renewed takeover chatter
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09:48 EDTCREERumor: Cree active on renewed takeover chatter
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09:18 EDTTPXTempur Sealy announces CEO Mark Savary to step down on May 12, 2015
Tempur Sealy announced that Mark Sarvary will step down as the company's President and CEO on May 12, 2015. The Tempur Sealy board has appointed Timothy Yaggi, currently COO, to serve as interim CEO of Tempur Sealy, effective upon Sarvary's resignation.
06:30 EDTFFIVF5 Networks management to meet with SunTrust
Meeting to be held in Seattle on May 11 hosted by SunTrust.
May 8, 2015
13:51 EDTTPXTempur Sealy resumes, up 4.2% after CEO, two others voted off board
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13:45 EDTTPXTempur Sealy says three directors, including CEO, voted off board
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13:36 EDTTPXTempur Sealy trading halted, pending news
12:35 EDTTPXH Partners: Tempur Sealy investors vote against re-election of three directors
H Partners Management, the largest shareholder of Tempur Sealy with an approximate 10% stake, announced that, based on a preliminary vote count, an overwhelming majority of Tempur Sealy shareholders voted against the re-election of all three directors targeted by H Partners: Mark Sarvary, President and CEO; P. Andrews McLane, Chairman of the Board ; Christopher A. Masto, Chairman of the Nominating and Corporate Governance Committee. Usman Nabi of H Partners said, “We thank Tempur Sealy’s shareholders for supporting our campaign for leadership change. We look forward to working constructively with a reinvigorated Board to create value for all shareholders.”
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