New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 18, 2014
10:01 EDTXOOM, WU, QCOM, JNPR, IPI, FFIV, CSCO, SDPI, PRLB, LE, GRMN, DXYN, SMLP, MEET, JMEI, FIVE, CGENOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Cisco (CSCO) initiated with an Overweight at Morgan Stanley... Compugen (CGEN) initiated with an Outperform at JMP Securities... Dixie Group (DXYN) initiated with an Outperform at Wells Fargo... F5 Networks (FFIV) initiated with an Equal Weight at Morgan Stanley... Five Below (FIVE) initiated with an Outperform at Wedbush... Garmin (GRMN) initiated with an Underweight at Morgan Stanley... Intrepid Potash (IPI) initiated with an Overweight at Piper Jaffray... Ironwood (IRWD) initiated with a Hold at WallachBeth... Jumei (JMEI) initiated with an Outperform at Oppenheimer... Juniper (JNPR) initiated with an Equal Weight at Morgan Stanley... Land's End (LE) initiated with a Buy at Craig-Hallum... MeetMe (MEET) initiated with a Buy at Wunderlich... Proto Labs (PRLB) initiated with a Hold at Canaccord... Qualcomm (QCOM) initiated with an Equal Weight at Morgan Stanley... Summit Midstream (SMLP) initiated with a Buy at Citigroup... Superior Drilling (SDPI) initiated with a Buy at Roth Capital... Western Union (WU) initiated with a Neutral at Monness Crespi... Xoom (XOOM) initiated with a Buy at Monness Crespi.
News For CSCO;CGEN;DXYN;FFIV;FIVE;GRMN;IPI;JMEI;LE;JNPR;MEET;PRLB;QCOM;SMLP;SDPI;WU;XOOM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>
July 22, 2015
14:51 EDTQCOMEarnings Watch: Qualcomm reports after speculations of potential breakup
Qualcomm (QCOM) is expected to report third quarter earnings after the close on July 22, with a conference call scheduled for 4:45 pm ET. Qualcomm is a maker of semiconductors and telecommunications equipment. EXPECTATIONS: Analysts are looking for earnings per share of 95c on revenue of $5.85B. EPS consensus ranges 90c-$1.05 on a revenue range of $5.59B-$6.08B, according to First Call. LAST QUARTER: On April 22, Qualcomm reported Q2 EPS of $1.40 against expectations for $1.33, and revenue of $6.89B versus estimates of $6.83B. The company also cut its FY15 EPS guidance to $4.60-$5.00 from $4.85-$5.05 and lowered projected revenue to $25B-$27B from $26.3B-$28B, saying it expects pressure in its semiconductor business due to customer shifts in the premium segment and a decline in Qualcomm's share at an unnamed large customer. NEWS: On May 8, Reuters reported that EU antitrust regulators asked Qualcomm's competitors how the company's licensing and business practices affect them, and on July 16, the European Commission confirmed two formal antitrust investigations of the company. On May 25, Qualcomm and Daimler (DDAIF) announced a strategic collaboration to develop connected car technology. Coming on the heels of Avago's (AVGO) May 28 agreement to acquire Broadcom (BRCM), Bloomberg quoted a source later that day as saying Qualcomm, Intel (INTC), Altera (ALTR), Analog Devices (ADI), Maxim Integrated (MXIM), Texas Instruments (TXN), and Microchip Technology (MCHP) are all considering their own M&A opportunities. Note that on June 1, Intel announced an agreement to acquire Altera. On June 23, Semiconductor Manufacturing International (SMI), Qualcomm, Huawei, and Imec announced the formation of a joint venture to focus on a type of 14 nanometer technology. More recently, the Wall Street Journal reported on July 20 that Qualcomm is "expected" to begin a comprehensive strategic review which may include the possibility of a breakup following pressure from "activist" shareholder Jana Partners, according to sources, adding that the move could be announced concurrent with Wednesday's earnings release. STREET RESEARCH: Following last quarter's earnings report, Exane BNP Paribas downgraded Qualcomm to Neutral from Outperform, while both Canaccord and Brean Capital lowered price targets for the stock after "disappointing" guidance. Meanwhile, Citi said it expects the company's chip business to recover in 2016 despite this "very bad year." On May 28, CLSA said it sees continued pressure on Qualcomm chipsets, potentially spurring the company to consider making an acquisition, and on June 2, Craig-Hallum noted that Skyworks (SWKS) would be a great fit for Qualcomm. On June 24, Summit Research called Applied Micro Circuits (AMCC) an "affordable" target for Qualcomm, with AMD (AMD) and Cavium (CAVM) also looking like potential takeover candidates. On June 29, Drexel Hamilton downgraded Qualcomm to Sell from Hold, citing expected price cuts. Lastly, following media reports on July 20 that Qualcomm could be weighing a breakup, Bernstein said that such a "dis-synergistic" split would likely destroy value rather than create it. PRICE ACTION: Shares of Qualcomm are down more than 1% to $64.37 in afternoon trading ahead of Wednesday's earnings report.
12:42 EDTFFIVF5 Networks technical notes before earnings news
The stock has been trading in a sideways range bound largely by $110 at the low and $128 since January of this year. Those two bounds may help us understand where price could go following earnings news. If the news is bullish, the top of the range is likely to be tested. On a breakout above $128, next resistance levels to watch as potential upside objectives are at $130.86, $132.58, and $136.11 which is the 52-week high. If the news is bearish, the low of the range at $110 could be tested. This area has been strong support going back to May 2014. If there were a breakdown below it, price reactions could be stronger than average. Next supports to watch would be at $106.57, $99.26 and $97.16.
11:56 EDTJNPRJuniper July weekly volatility elevated into Q2 and outlook
Subscribe for More Information
11:34 EDTFFIVOptions with increasing put volume and implied volatility: RSX CLF FFIV
Subscribe for More Information
10:45 EDTQCOMQualcomm technical notes ahead of results
Subscribe for More Information
08:32 EDTWUWestern Union, Kroger extend more than 30-year relationship
Western Union (WU) announced the extension of its more than 30-year relationship with The Kroger Co. (KR). This agreement gives customers the ability to send and receive Western Union Money Transfer transactions across the United States or across the globe to more than 200 countries and territories, in minutes. In addition, Customers can purchase money orders and pay their bills at more than 2,300 Kroger Family of Store locations across 34 states.
06:24 EDTJMEIJumei announces strategic investment in BabyTree
Jumei announced that it has agreed to provide BabyTree with a convertible loan and a revolving credit facility of up to $250M. The principal of the convertible loan portion of the transaction could reach as high as $120M depending on the working capital needs of BabyTree and certain operating performance criteria being met. The loan will be convertible into a minority interest in BabyTree based on a pre-agreed formula. The revolving credit facility will be $130M, and drawdown by BabyTree will also depend on the working capital needs of BabyTree and certain operating performance criteria being met.
06:09 EDTSDPISuperior Drilling discloses that James Osterloh no longer employed by company
Subscribe for More Information
05:55 EDTQCOMQualcomm to cooperate with Microsoft, Allwinner in mobile market, DigiTimes says
Qualcomm (QCOM) is expected to ramp up its penetration in the entry-level mobile device market by cooperating with Microsoft (MSFT) to launch low-cost Windows Mobile 10 products, reports DigiTimes Research. Qualcomm is also expected to cooperate with Allwinner Technology to launch 3G/4G solutions for connected tablets. Reference Link
July 21, 2015
19:00 EDTQCOMOn The Fly: After Hours Movers
Subscribe for More Information
18:14 EDTQCOMApple supplier stocks sink after iPhone, iPad unit volumes lower sequentially
Shares of iPhone suppliers, including Skyworks (SWKS), Cirrus Logic (CRUS), NXP Semiconductors (NXPI), and QUALCOMM (QCOM), are trading lower after Apple (AAPL) reported third quarter earnings after the close. WHAT'S NOTABLE: Apple reported iPhone unit volume of 47.5M in Q3 versus 61.1M in the prior quarter. Apple's iPad unit volume was 10.9M for Q3, lower than the 12.6M unit volume reported in the prior quarter. PRICE ACTION: Apple is sinking almost 7% in after-hours trading, while its suppliers are also lower, with Skyworks down more than 5%, Cirrus Logic down just under 5%, NXP Semiconductors slumping almost 5%, and QUALCOMM sliding 1.2%.
14:24 EDTCSCOEarnings Watch: EMC reports amid M&A speculation in sector
Subscribe for More Information
11:01 EDTPRLBProto Labs acquires new facility to expand 3D printing service
Proto Labs has acquired a new facility to expand its 3D printing service into a larger and more efficient additive manufacturing space. The 77,000 sq. ft. facility will allow the digital manufacturing company to house all of its stereolithography, selective laser sintering and direct metal laser sintering (DMLS) technology under one roof. The new plant is scheduled to become fully operational in the first half of 2016, and will remain in the North Carolina area where Proto Labsí current additive facilities are located. In addition to moving its existing equipment into the larger space, the prototyping and low-volume manufacturer plans to increase its overall 3D printing capacity with new machines. Anchoring the expansion will be SLS and DMLS equipment, which produce durable nylon parts and functional metal parts respectively. As 3D printing continues to grow industry-wide, Proto Labsí plans to be well-equipped to accommodate the ongoing evolution of additive manufacturing.
10:14 EDTXOOMHigh option volume stocks:
Subscribe for More Information
08:15 EDTQCOMQualcomm split would likely destroy value, says Bernstein
Subscribe for More Information
07:53 EDTQCOMQualcomm July weekly volatility elevated into Q3 and report of possible breakup
Qualcomm July weekly call option implied volatility is at 60, August is at 27, September is at 23; compared to its 52-week range of 12 to 48, suggesting large near term price movement into the expected release of Q3 results on July 22 and WSJ report of possible breakup.
July 20, 2015
19:49 EDTQCOMQualcomm plans strategic review including possibility of breakup, WSJ says
Subscribe for More Information
19:40 EDTQCOMQualcomm may consider breakup, WSJ says
Subscribe for More Information
16:34 EDTQCOMQualcomm to cut 'several thousand' jobs, The Information says
Subscribe for More Information
16:33 EDTQCOMQualcomm may cut 'several thousand jobs' according to report, CNBC says
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 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