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News For CSCO;NFLX;DISH;CMCSA;AMZN;LINTA;CBS;TWX From The Last 14 Days Check below for free stories on CSCO;NFLX;DISH;CMCSA;AMZN;LINTA;CBS;TWX the last two weeks. |
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| May 15, 2013 |
| 16:09 EDT |  | CSCO | Cisco trades higher after results, first look
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| 16:06 EDT |  | CSCO | Cisco reports Q3 EPS 51c, consensus 49c
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| 16:02 EDT |  | NFLX | Options Update; May 15, 2013
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| 15:11 EDT | | CSCO | Notable companies reporting after market close
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| 14:28 EDT |  | NFLX | Netflix targets 100 basis points of margin expansion a quarter
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| 12:47 EDT | | CSCO | Earnings Preview: Cisco shares moving in narrow range ahead of Q3 report
Cisco (CSCO) is set to report Q3 earnings after the market closes on Wednesday, May 15, with a conference call scheduled for 4:30 pm ET. Cisco manufactures and sells IP-based networking products and services. EXPECTATIONS: Analysts are looking for EPS of 49c on revenue of $12.18B, according to First Call. The consensus range for EPS is 47c-51c on revenue of $12.05B-$12.29B. On its Q2 earnings conference call, the company said it sees Q3 adjusted EPS 48c-50c on revenue growth of 4%-6% year-over-year. The company also said it sees Q3 adjusted gross margin approximately 61%-62%, and non-GAAP operating margin of 26.5%-27.5%. LAST QUARTER: Cisco reported Q2 EPS of 51c against estimates for 48c on revenue of $12.1B against estimates for $12.06B. In mid-March, Cisco was found not to have infringed patents held by VirnetX (VHC), and on March 22, Bloomberg reported that Cisco was ordered to pay $70M in fraud damages to XpertUniverse. On March 28, the company announced a 3c increase in its dividend to 17c per share. On April 3, Cisco announced its intent to acquire Ubiquisy, a provider of 3G and LTE small-cell technologies, for $310M, and the transaction is expected to close in Q4. STREET RESEARCH: Street research has been mixed on Cisco, with shares of the company losing more than 3% on March 21 following a downgrade to Underperform from Market Perform at FBR Capital. With its March 21 downgrade, FBR cut its price target on shares of Cisco to $17 from $22, saying the company would be challenged to offset declining routing and switching demand. Earlier this week, however, FBR reversed its March call, upgrading Cisco to Market Perform from Underperform and bumping its price target to $19. Earlier this week, Piper Jaffray said it expects Cisco to report Q3 EPS in-line with estimates, though the firm lowered its revenue estimates for the company. In its note, Piper said macro headwinds will offset favorable data center and switching demand, leaving Cisco with a mixed Q3 report, though the firm reiterated its Overweight rating and $25 price target on shares. Coverage on Cisco shares was also initiated by at least two firms during the quarter, with Cowen initiating coverage with an Outperform rating earlier this month and Northland Securities initiating coverage on Cisco with an Outperform rating and a $25.50 price target the day after Cisco's Q2 report. PRICE ACTION: Shares of Cisco have traded in a narrow range between $20-$22 per share since its Q2 report, gaining a scant 0.4%. Shares of Cisco, which are up about 8% year-to-date, are near flat in afternoon trading ahead of its Q3 report. |
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| 12:17 EDT |  | NFLX | Icahn paper profit in Netflix tops $1B, WSJ reports
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| 11:48 EDT | | CMCSA | Appaloosa reports new stakes in Comcast, Ashland, sells Oracle
David Tepper's Appaloosa in its quarterly filing report new positions in Comcast (CMCSA), Prudential (PRU), Hess Corp. (HES), Check Point (CHKP), KBR (KBR) and Ashland (ASH). The fund sold its stakes in Oracle (ORCL) and Noble Corp. (NE). Appaloosa's top position is in Citigroup (C), with a stake worth over $376.9M. |
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| 11:45 EDT | | TWX | Time Warner to stream TBS, TNT online, The Verge reports
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| 11:24 EDT | | CMCSA | David Tepper's Appaloosa reports new stake in Comcast
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| 10:51 EDT | | NFLX | Netflix CFO says growing subscribers at $8 price point
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| 10:49 EDT | | CMCSA, CBS | Senator questions TV broadcasters' free spectrum rights, The Hill says
Democratic Senator Mark Warner questioned whether broadcast stations that pull their programming off the air should be able to keep using spectrum for free, The Hill reported yesterday. A number of TV networks have threatened to broadcast only on cable and satellite in response to the launch of Aereo. The latter service uses stations' over the air signals to send programming to consumers' Internet devices. Reference Link |
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| 10:42 EDT | | NFLX | Netflix moves higher, levels to watch
The shares are moving against the broader sideways or down move in technology today, last at $244.10. It would appear that traders are intent on moving the shares back toward the $250 area. That area in the prior two-years was important support and then resistance. When the shares broke below that level in August 2011, it presaged a steep decline in share price. Retaking that level and holding it therefore might encourage more bullishness for higher price. A failure to do so could potentially derail the current trend higher. |
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| 10:31 EDT | | NFLX | Netflix volatility at one year low as shares at 21-month high
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| 10:13 EDT |  | NFLX | Netflix loved by consumers in survey, says BTIG
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| 09:43 EDT | | NFLX | Active equity option families trading on open
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| 09:01 EDT | | NFLX | Netflix EPS could reach $10+, says RBC Capital
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| 08:33 EDT | | CSCO | Cisco May volatility elevated into Q3 and outlook
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| 08:19 EDT | | AMZN | Amazon paid $3.7M tax in U.K.on $6.B in sales, Reuters reports
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| 07:26 EDT | | NFLX | Netflix ready for battle in Canada, Globe and Mail reports
Netflix may have won the initial battle for online viewers in Canada, but CEO Reed Hastings says it must now survive an onslaught from the country’s traditional TV companies, reports the Globe and Mail. Hastings said the company is prepared to aggressively bid for movie and TV rights while earmarking increasingly higher amounts to produce original content to entice viewers into cutting their cords. Reference Link |
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