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Stock Market & Financial Investment News

News Breaks
May 15, 2014
11:53 EDTAPH, AVGO, CSCO, CAVM, JBL, TEL, BRCM, FLEXCisco rallies after results top expectations
Shares of networking equipment giant Cisco Systems (CSCO) are advancing after the company's third quarter results topped analysts' consensus estimates. WHAT'S NEW: Last night, Cisco reported Q3 adjusted earnings per share of 51c and revenue of $11.5B, topping expectations of 48c and $11.38B, respectively. The company forecast Q4 adjusted EPS of 51c-53c, compared to consensus of 51c. Q4 revenue was seen decreasing 1%-3% from the prior year, which represents sequential growth of 4%-6%, versus consensus $11.77B. For FY14, adjusted EPS was forecast at the high end of the $1.95-$2.05 range, versus consensus $1.99. ANALYST REACTION: Research firm Piper Jafray raised its price target on Cisco to $26 from $24 and kept an Overweight rating on the shares, saying it expected little downside risk in Cisco shares after the company's Q3 results beat expectations. Another firm, Bernstein, said the bear case on Cisco appears to be wrong, saying that the company is already showing signs of recovery. The firm expects the stock to be boosted by a pronounced recovery in IT spending and improved sentiment towards the name, with both likely occurring in the second half. Bernstein reiterated its $30 price target and Outperform rating on the stock. On the contrary, Citigroup said Cisco continues to have long-term structural issues despite its "strong" Q3 results. Citi still believes Cisco will lose market share in data center switching and routing amid mounting competitive pressures and kept a Sell rating on the stock with an $18 price target. OTHERS TO WATCH: RBC Capital said it believes that Cisco's results and guidance bode well for the company's key supply chain partners, such as Flextronics (FLEX), Jabil Circuit (JBL), Amphenol (APH) and TE Connectivity (TEL). Oppenheimer thinks that Cisco's strong enterprise results have positive implications for Avago (AVGO), Broadcom (BRCM), and Cavium (CAVM). PRICE ACTION: In late morning trading, Cisco rose $1.52, or 6.7%, to $24.33 on nearly twice its average daily trading volume. Including today's advance, the stock is up about 15% over the past twelve months.
News For CSCO;FLEX;JBL;AVGO;BRCM;CAVM;APH;TEL From The Last 14 Days
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April 21, 2015
08:23 EDTCSCOCisco results likely to beat expectations, says Bernstein
Bernstein expects Cisco to report stronger than expected results, due to strength in enterprise and commercial and continued momentum in switching, Bernstein believes that risks caused by service provider revenue was eliminated by the company's Q1 guidance, while currency fluctuations should not impact its near-term results. The firm keeps a $34 price target and Outperform rating on the shares.
April 20, 2015
18:05 EDTJBL, FLEXElectronic manufacturing stocks under pressure after Sanmina Q3 results
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14:02 EDTBRCMBroadcom April weekly volatility elevated into Q1 and outlook
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07:38 EDTCAVMCavium collaborates with A10 Networks for LiquidSecurity module family
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07:37 EDTCAVMCavium announces integration with F5 Networks' LiquidSecurity HSM
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April 17, 2015
08:54 EDTBRCMBofA/Merrill U.S. semiconductor analysts holds analyst/industry conference call
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April 16, 2015
10:51 EDTCSCOOptions with increasing implied volatility
Options with increasing implied volatility: PNK ARRY FOSL NSAM WUBA ARCP CSCO
April 15, 2015
18:32 EDTCSCOIdentiv, Cisco enter agreement to provide solutions for Internet of Everything
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09:55 EDTAPHBofA/Merrill U.S. autos analysts hold an analyst/industry conference call
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07:51 EDTFLEXFlextronics in advanced talks for part of Chinese jv of Alcatel, Reuters says
Flextronics (FLEX) is in advanced talks to acquire the manufacturing unit of Alcatel-Lucent's (ALU) Shanghai Bell joint venture, reported Reuters, citing two people with knowledge of the deal. Nokia (NOK) and Alcatel-Lucent have announced their intention to combine in all-share transaction. Reference Link
07:46 EDTCSCOEricsson, Juniper in focus for deals after Nokia-Alcatel tie-up, Bloomberg says
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06:35 EDTBRCMSamsung says Galaxy S6 demand much stronger than expected, Reuters reports
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05:29 EDTAPHAmphenol qualifies India as second manufacturing source for MIL-DTL-22992
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April 14, 2015
11:55 EDTCSCOCommunication equipment stocks active after potential Nokia-Alcatel deal
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10:50 EDTCSCOOptions with increasing implied volatility
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10:43 EDTTELCommScope granted early termination of HSR waiting period for acquisition
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05:56 EDTCSCOStocks with implied volatility movement; CSCO MAC
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April 13, 2015
10:04 EDTBRCMBroadcom calls active on renewed takeover chatter
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09:52 EDTBRCMRumor: Broadcom strength attributed to renewed takeover speculation
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07:31 EDTCSCOHealthcare Information & Management Systems Society to hold a conference
HIMSS 2015 is being held in Chicago on April 12-16.
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