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May 20, 2014
15:22 EDTHEI, CRM, ADI, VSAT, INTUNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include (CRM), consensus 10c; Intuit (INTU), consensus $3.50; Analog Devices (ADI), consensus 56c; HEICO (HEI), consensus 40c; ViaSat (VSAT), consensus 11c.
News For CRM;INTU;ADI;HEI;VSAT From The Last 14 Days
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October 1, 2015
12:44 EDTADIApple chip suppliers fall after report iPhone maker may lower chip orders
Shares of chip makers for Apple's (AAPL) iPhone are sliding after a DigiTimes article said the iPhone maker may curtail its chip orders for the fourth quarter. WHAT'S NEW: According to the DigiTimes report, Apple may be adjusting its chip orders lower for Q4. Sources said that a substantial integrated circuit supplier is saying that Apple has "slightly lowered lowered its demand for supplies for the new iPhones for December," the report said. The sources said that overall shipments of the iPhone 6s series are expected to reach 75M-80M units in the third quarter and 65M-70M units in Q4. WHAT'S NOTABLE: On September 28, Apple announced it has sold more than 13M new iPhone 6s and iPhone 6s Plus models just three days after launch, a new record for the company. According to an iFixit report from September 25, a teardown of the new iPhone 6S Plus revealed components supplied by Qualcomm (QCOM), Skyworks (SWKS), Qorvo (QRVO), Avago (AVGO), NXP Semiconductors (NXPI), Cirrus Logic (CRUS) and Texas Instruments (TXN), among others. Other chip makers that have been mentioned as possible Apple suppliers in the past include Analog Devices (ADI), Maxim Integrated Products. (MXIM) and ON Semiconductor (ON). PRICE ACTION: In midday trading shares of the aforementioned chip makers are all lower with Qorvo, Avago, NXP and Analog Devices down approximately 4% to 5%. Apple is down about 1.4%.
10:45 EDTCRMSalesforce calls active on renewed takeover chatter
Salesforce October weekly 70, 70.5, 71 and 71.5 calls are active on total call volume of 9,900 contracts (720 puts) on renewed takeover chatter. October call option implied volatility is at 43, October is at 37; compared to its 52-week range of 26 to 60. Active call volume suggests traders taking positions for upside price movement.
10:26 EDTCRMRumor: Salesforce moves up on renewed takeover chatter
05:56 EDTCRMSalesforce implied volatility of 35 at lower end of index mean range
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September 30, 2015
10:00 EDTADIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Analog Devices (ADI) upgraded to Buy from Neutral at Citi... Asbury Automotive (ABG) upgraded to Neutral from Underperform at BofA/Merrill... Brookfield (BAM) upgraded to Outperform from Market Perform at BMO Capital... CNOOC (CEO) upgraded to Buy from Hold at Jefferies... Canadian Pacific (CP) upgraded to Buy from Neutral at Goldman... Citizens Financial (CFG) upgraded to Buy from Neutral at UBS... Esperion (ESPR) upgraded to Neutral from Sell at Chardan... HSBC (HSBC) upgraded to Buy from Neutral at UBS... Hecla Mining (HL) upgraded to Outperformer from Sector Performer at CIBC... Johnson Controls (JCI) upgraded to Outperform from Market Perform at William Blair... Level 3 (LVLT) upgraded to Buy from Neutral at UBS... Madison Square Garden (MSG) upgraded on asset value, share buyback outlook at Stifel... Medivation (MDVN) upgraded to Market Perform from Underperform at Cowen... PHH Corp. (PHH) upgraded to Buy from Neutral at Compass Point... Post Holdings (POST) upgraded to Buy from Neutral at SunTrust... Ralph Lauren (RL) upgraded to Buy from Neutral at UBS... Regions Financial (RF) upgraded to Buy from Hold at Sandler O'Neill... Shire (SHPG) upgraded to Hold from Reduce at HSBC... Sinopec (SNP) upgraded to Buy from Hold at Jefferies... Verifone (PAY) upgraded to Buy from Hold at Argus.
06:01 EDTADIAnalog Devices upgraded to Buy from Neutral at Citi
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05:52 EDTCRMSalesforce implied volatility of 36 at lower end of index mean range
September 29, 2015
10:10 EDTINTUHouse Energy & Commerce Committee to hold a hearing
Commerce, Manufacturing, and Trade Subcommittee holds a hearing entitled, "How the Sharing Economy Creates Jobs, Benefits Consumers, and Raises Policy Questions" with Vice President Alex Chriss of Intuit on September 29 at 10:15 am. Webcast Link
September 28, 2015
10:08 EDTCRMTableau price target lowered to $75 at Summit Research on competition concerns
Summit Research analyst Srini Nandury said the firm's channel checks indicate that Tableau's (DATA) software competition will intensify from Salesforce (CRM), Qlik (QLIK) and PowerBI. The analyst thinks Tableau's string of large "beat and raise" quarters will come to an end since most of the "low-hanging fruit" seems to have been picked and the company will need to work harder to acquire new customers. Nandury keeps a Hold rating on Tableau and cut the firm's price target on the stock to $75 from $80.
05:23 EDTVSATViaSat to license digital signal processing and forward error correction cores
ViaSat announced it is now licensing its digital signal processing and forward error correction cores for 100G optical transport. Traditionally, ViaSat had only licensed its 100G FEC cores; however, overwhelming interest in a low power Application-Specific Integrated Circuit core for the metro market, has created demand for ViaSat to license a development kit inclusive of a System Software Model for simulation and its ASIC IP cores.
September 25, 2015
12:48 EDTCRMSalesforce says does not support CISA
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08:24 EDTCRMSalesforce checks positive, says Oppenheimer
After attending Salesforce's conference, Oppenheimer says that more enterprises were represented, indicating that the company's share of that market could be increasing, according to the firm. Oppenheimer adds that the company's platform strategy is becoming more popular with customers, and could enable it to monetize its large installed base. The firm reiterates an $80 price target and Outperform rating on the shares.
05:40 EDTCRMSalesforce implied volatility of 32 at lower end of index mean range
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September 24, 2015
11:15 EDTADIAnalyst sees $55,000 car from Apple as soon as 2019
Apple (AAPL) could introduce a car by as soon as 2019, but assuming an average selling price of $55,000 and 200,000 shipments, the contribution to the tech giant's earnings in that year is probably not enough to "excite" investors, said the research team at Jefferies this morning. However, a car would give the tech giant some "much needed" diversification away from the iPhone and would be positive for the broader tech space, the firm added. RIPE FOR DISRUPTION: Jefferies analysts Sundeep Bajikar, Mark Lipacis and their team say their analysis indicates the automobile industry is "ripe for disruption" and that Apple is well positioned to introduce a car, potentially as early as 2019. A car could add 32c to Apple's earnings per share in FY19 under a best-case scenario, Bajikar tells investors. He assumes a $55,000 average selling price for an Apple Car and an operating margin of 20%, over 1,000 basis points higher than the Street's 2019 margin estimate for electric carmaker Tesla (TSLA). Investors are likely to find the assumptions "highly aggressive," the analyst cautions. Meanwhile, the potential earnings impact is probably not big enough for Apple investors to get excited and earnings contributions from a vehicle may not become meaningful before iPhone decelerates, the analysts argue. However, the firm said it could get more constructive on Apple shares if diversification in earnings were to drive less iPhone risk. Bajikar and Lipacis keep a Hold rating on the iPhone maker with a $126 price target. TOP CHIP PICKS: Efforts in the car market from tech heavyweights Apple and Google (GOOGL) will lead the industry to design and sell more intelligent vehicles, accelerating the growth of semiconductors for automobiles above current forecasts, contend Jefferies' analysts in a separate note to investors this morning. The analysts lay out their top picks among automotive semiconductor suppliers, saying the pending merger of NXP Semiconductors (NXPI) and Freescale (FSL) will create the world's biggest automotive semi company, adding that growth in microcontroller content and networking applications will benefit that combined giant. NVIDIA's (NVDA) automotive sales have grown the fastest since the end of the 2012 fiscal year among the companies the firm follows, while Maxim Integrated (MXIM) had the second fastest growth in that time frame, the analysts noted in naming those two as their other top picks in the space. Lipacis and Bajikar identified Analog Devices (ADI), Microchip (MCHP) and Linear Technology (LLTC) as other notable beneficiaries from the expected growth of semiconductor content in automobiles. PRICE ACTION: Amid broad weakness in the market, Apple shares are down 1.5% to $112.56. Meanwhile, the Philadelphia Stock Exchange Semiconductor Sector index (SOX) is down 2.4% this morning.
05:29 EDTCRMSalesforce implied volatility of 32 at lower end of index mean range
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September 23, 2015
05:32 EDTCRMSalesforce implied volatility of 32 at lower end of index mean range
September 22, 2015
14:34 EDTCRMVerizon spins out CrunchBase, says AOL to retain significant ownership interest
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10:07 EDTINTUHigh option volume stocks
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September 21, 2015
09:04 EDTCRMSymantec appoints Dan Rogers as Chief Marketing Officer
Symantec Corp. (SYMC) announced that it has appointed Dan Rogers to Chief Marketing Officer. Reporting to Symantec CEO Michael A. Brown, Rogers will oversee the company's marketing efforts, including brand awareness, digital marketing, demand generation and events. Since 2013, Rogers has been Chief Marketing Officer of the EMEA-region at Salesforce (CRM).

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