New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 7, 2013
13:19 EDTCHTR, CVC, TWXCablevision near sale of Optimum West to Charter, Bloomberg reports
Cablevision (CVC) is near an agreement to sell its Optimum West unit to Charter Communications (CHTR), Bloomberg reports, citing people with knowledge of the matter. Charter beat out Time Warner (TWX) and Suddenlink Communications, who also bid on regional cable provider Optimum, and a deal could be announced as early as today, Bloomberg adds.Reference Link
News For CVC;CHTR;TWX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
February 25, 2015
11:47 EDTTWXAnalysts clash on DreamWorks following Q4 miss
The shares of animated film and television show maker DreamWorks (DWA) are rising, despite the weaker than expected results reported by the company last night. Two analysts offered very different views on the company's outlook following its results. BACKGROUND: DreamWorks last night reported a fourth quarter per share loss of ($3.08), versus analysts' consensus outlook for a ($3.01) per share loss. The company's revenue also came in below expectations. Excluding $210M in pre-tax charges associated with DreamWorks' restructuring plan, its loss was (75c) per share, the company stated. BEARISH TAKE: In a note to investors today, FBR Capital analyst Barton Crockett wrote that DreamWorks' results were "ugly," as they included $155M of write-offs on films and TV shows. However, Crockett believes that the crucial factor for the company's outlook is whether it can consistently compete with the entertainment giants, including Disney (DIS), Viacom (VIA), and Time Warner (TWX). Crockett is not convinced that DreamWorks will be able to hold its own, and he believes that its 2015 results could come in below expectations. The analyst warned that the company may have difficulty meeting its 2015 consumer products revenue guidance. DreamWorks expects its consumer products revenue to double this year, but the movie-based toy space is "very competitive" in 2015, as toys based on multiple popular children's films are set to be released, Crockett stated. Moreover, after conducting checks online, Crockett reports that there does not seem to be a great deal of interest in DreamWorks' movie "Home," which is set to be released on March 27. He kept an Underperform rating on the shares and raised his price target on the stock to $14 from $12. BULLISH TAKE: DreamWorks' results were mixed, but the results are not very important, Piper Jaffray analyst James Marsh stated. The company's guidance for its TV and consumer products businesses were solid, the analyst believes. Moreover, the company "took specific and decisive action" to avert a liquidity crunch, Marsh wrote. Specifically, DreamWorks raised $185M of capital by selling its real estate in Glendale, California and then leasing it back, and increased the size of its current credit facility to $450M from $400M, Marsh reported. The moves should "largely" eliminate investors' worries about the company's liquidity position, Marsh stated. He kept a $26 price target and Overweight rating on the stock. WHAT'S NOTABLE: On DreamWorks' earnings conference call last night, the company's CEO Jeffrey Katzenberg stated that it did not obtain more than 10% of its revenue from Netflix (NFLX) last year. However, in an SEC filing earlier this morning, DreamWorks clarified that it had obtained 14.9% of its revenue from Netflix last year. PRICE ACTION: In late morning trading, DreamWorks rose 5.6% to $22.31.
08:38 EDTCVCCablevision reports Q4 Cable net revenues up 3.1% to $1.45B
Subscribe for More Information
08:34 EDTCVCCablevision reports total customers as of December 31 of 3.12M
08:31 EDTCVCCablevision reports Q4 EPS 20c, consensus 19c
Subscribe for More Information
February 24, 2015
15:21 EDTCVCNotable companies reporting before tomorrow's open
Subscribe for More Information
07:30 EDTCHTRJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 24 at 7:40 am; not all company presentations may be webcasted. Webcast Link
06:10 EDTTWXSalem Media Group, CNN to team up for three GOP presidential primary debates
February 23, 2015
11:35 EDTTWXAmazon picks Benson to head advertising for original TV series, Variety says
Subscribe for More Information
07:38 EDTTWXComcast, AT&T deals could be delayed by document access case, WSJ says
Subscribe for More Information
February 20, 2015
15:32 EDTCVCCablevision March volatility elevated into Q4 and outlook
Subscribe for More Information
February 19, 2015
08:15 EDTTWXWarner Bros. exec says not in talks with Apple on streaming, Re/code reports
Subscribe for More Information
07:25 EDTTWXCable nets speed up shows to add more ads, WSJ says
Subscribe for More Information
February 17, 2015
18:17 EDTCHTRJANA Partners gives quarterly update on stakes
NEW STAKES: NCR (NCR), Liberty Ventures (LVNTA), Solarcity (SCTY), Computer Sciences Corp (CSC), Salix (SLXP), and Applied Materials (AMAT). INCREASED STAKES: Hertz (HTZ), Valeant (VRX), Walgreens Boots Alliance (WBA), Rackspace (RAX), and HD Supply (HDS). DECREASED STAKES: AIG (AIG), Actavis (ACT), Charter (CHTR), AerCap (AER), and Energy Transfer Equity (ETE). LIQUIDATED STAKES: Equinix (EQIX), Cameron International (CAM), Dollar General (DG), QEP Resources (QEP), and Amgen (AMGN).
17:29 EDTCHTRBerkshire Hathaway gives quarterly update on stakes, exits Exxon Mobil
Subscribe for More Information
16:22 EDTCVCOn The Fly: Closing Wrap
Subscribe for More Information
13:18 EDTTWXOmega Advisors gives quarterly update on stakes
Subscribe for More Information
12:56 EDTCVCDecline of TV viewing accelerated, NY Post reports
Subscribe for More Information
10:41 EDTCVCCablevision downgraded to Sell from Neutral at UBS (pre-open)
Subscribe for More Information
10:39 EDTCVCCablevision sinks after analyst sees Verizon threat, cuts to sell
Subscribe for More Information
10:00 EDTCVCOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
1 | 2 | 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