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News Breaks
February 25, 2014
07:13 EDTCUBNYSE changes Cubic ticker symbol due to late filing
Cubic Corporation, as expected and pursuant to prior conversations with the New York Stock Exchange, announced that the company received notice from the staff of the NYSE indicating that Cubic is not in compliance with listing standards due to its failure to file its quarterly report on Form 10-Q for the quarter ended December 31, 2013 on a timely basis. The issuing of such notices is considered routine practice in situations when there are late filings with the SEC. On February 10, 2014, Cubic Corporation announced that the Audit Committee of the Board of Directors of Cubic Corporation, after consultation with Ernst & Young LLP, Cubicís independent registered public accounting firm, determined that Cubicís financial statements for the fiscal years ended September 30, 2013 and 2012 and each of the prior quarters of 2013 and 2012 can no longer be relied upon as being in compliance with generally accepted accounting principles. Accordingly, Cubic will restate such financial statements. Preliminary indications from Cubicís evaluation are that the restatement will result in an increase in revenues and net income cumulatively over the period of the restatement and an increase in retained earnings as of September 30, 2013. Cubic is continuing to evaluate the total amount of the adjustments and the specific impact on each period covered by the restatement, which may result in an increase or decrease in previously reported amounts for individual periods. Until Cubic has completed such evaluation, it will not be in a position to file its quarterly report on Form 10-Q for the quarter ended December 31, 2013.
News For CUB From The Last 14 Days
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November 25, 2015
10:00 EDTCUBOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Actelion (ALIOY) upgraded to Neutral from Sell at Citi... Alliance Data (ADS) assumed with an Overweight from Neutral at Piper Jaffray... BG Group (BRGYY) upgraded to Outperform from Sector Perform at RBC Capital... Cubic (CUB) upgraded to Buy from Hold at Benchmark... Frontline (FRO) upgraded to Neutral from Underperform at Credit Suisse... Hormel Foods (HRL) upgraded to Overweight at Stephens... ImmunoGen (IMGN) assumed with a Buy from Hold at Jefferies... Metro (MTTRY) upgraded to Buy from Hold at Jefferies... Palo Alto (PANW) upgraded to Buy from Hold at Argus... Pfizer (PFE) upgraded to Neutral from Reduce at SunTrust... Tech Data (TECD) upgraded to Market Perform from Underperform at Raymond James.
09:21 EDTCUBCubic reported solid results, says BB&T
BB&T believes that Cubic reported solid results, and the firm thinks that the company's outlook for fiscal 2016 is improving. The firm thinks that potential catalysts, including opportunities involving the Department of Defense and NY mass transit, can drive the stock higher. It raised its price target on the name to $56 from $48 and keeps a Buy rating.
07:39 EDTCUBCubic upgraded to Buy from Hold at Benchmark
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November 23, 2015
16:19 EDTCUBCubic reports Q4 EPS 74c, consensus 96c
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16:15 EDTCUBCubic reports total backlog of $2.976B as of September 30
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16:14 EDTCUBCubic sees FY16 EPS $1.30-$1.55, may not compare to consensus $2.49
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15:28 EDTCUBNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Palo Alto (PANW), consensus 32c... Copart (CPRT), consensus 43c... Brocade (BRCD), consensus 24c... Post Holdings (POST), consensus 29c... YY (YY), consensus 82c... Dycom (DY), consensus $1.01... Cubic (CUB), consensus 96c... Enanta (ENTA), consensus 15c.

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