New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 7, 2014
11:03 EDTDISH, DTV, VZ, SBarron's, analyst see further upside in DISH shares
Weekly publication Barron's and research firm Macquarie are upbeat on the outlook of satellite TV provider DISH (DISH). WHAT'S NEW: Analysts say that DISH's spectrum alone could be worth $25B after taxes in a sale, and the company is trading at a market valuation of $30B, Barron's wrote in an article published on Saturday. At that valuation, investors are giving the company little credit for its satellite TV business which is "highly profitable" but "slow growing," according to Barron's. The stock could rise 20% as investors gain a better understanding of the value of the company's spectrum, the publication stated. Meanwhile, Macquarie analyst Amy Yong raised her price target on DISH to $100 from $85 in a note to investors earlier today. In May, DISH Chairman Charlie Ergen rejected a merger with DirecTV (DTV) that would have valued DISH at $100, an SEC document showed, the analyst wrote. Ergen decided to terminate discussions about a merger because he believes the company is worth more than $100 per share, Yong believes. She thinks DISH could benefit by partnering with a telecom company such as Verizon (VZ) or Sprint (S), and predicted that the value of its spectrum could reach $80 per share later this fall. DISH shares offer the most opportunity in the pay TV space, according to Yong, who kept an Outperform rating on the shares. PRICE ACTION: In mid-morning trading, DISH lost 1% to $66.
News For DISH;DTV;VZ;S From The Last 14 Days
Check below for free stories on DISH;DTV;VZ;S the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
August 15, 2014
10:28 EDTVZVerizon management to meet with Evercore
Subscribe for More Information
06:15 EDTSSprint's new CEO to introduce 'disruptive' prices next week, Re/code reports
Subscribe for More Information
August 14, 2014
17:16 EDTDTVPaulson & Co gives quarterly update on stakes
Subscribe for More Information
16:54 EDTVZ, DTVBerkshire Hathaway gives quarterly update on stakes
Subscribe for More Information
14:13 EDTSOmega Advisors gives quarterly update on stakes
Subscribe for More Information
12:46 EDTVZHayman Capital gives quarterly update on stakes
Subscribe for More Information
12:01 EDTVZThird Point gives quarterly update on stakes
NEW STAKES: Rackspace (RAX), Finisar (FNSR), Amgen (AMGN), Ally Financial (ALLY), and AstraZeneca (AZN). INCREASED STAKES: Dollar General (DG) and Dow Chemical (DOW). DECREASED STAKES: FedEx (FDX), Hertz (HTZ), T-Mobile (TMUS) and Intrexon (XON). LIQUIDATED STAKES: Google Class A (GOOGL), Verizon (VZ) and Mondelez (MDLZ).
09:39 EDTDISHDISH accepts first Bitcoin payment
Subscribe for More Information
09:07 EDTVZ, SMorgan Stanley to hold a conference
Subscribe for More Information
August 13, 2014
11:27 EDTDTVJDSU falls after outlook disappoints, analyst downgrades
Shares of JDSU (JDSU), a provider of equipment to telecommunications service providers, are sharply lower after the company's fourth quarter results and first quarter guidance were reported last night. Following the report, the stock was downgraded this morning at two Street research firms. WHAT'S NEW: Last night, JDSU reported fourth quarter adjusted earnings of 14c per share, beating the consensus forecast by 1c, on revenue of $448.6M, which topped the consensus $436.8M view. However, JDSU expects revenue to be $405M-$425M in its first quarter and sees Q1 EPS of 8c-12c, which fell short of consensus of about $441M and 14c, respectively. JDSU's President and CEO Tom Waechter said, "Looking ahead to fiscal 2015, we believe there are strong market drivers across our three business segments, and that we are well positioned with differentiated products and solutions to support our customers as they transition to Software Defined Networks, Network Function Virtualization and more dependency on cloud infrastructure. We continue to lead in our core network and anti-counterfeiting markets and I am pleased with the momentum we are building in our commercial lasers business on the strength of our highly differentiated fiber laser product line." ANALYST OPINION: Following the company's report, B. Riley analyst Dave Kang cut his rating on JDSU shares to Neutral from a Buy rating, citing near-term uncertainties in the North American telecom market. Kang pointed to two events contributing to that uncertainty, namely an architectural shift to SDN, or Software Defined Networking, and AT&T's (T) planned merger with DirecTV (DTV). The analyst acknowledged previously underestimating the potential impact of the SDN shift on the telecom equipment industry and noted that appears to be impacting JDSU's NSE business more than its optical component unit. Kang prefers Finisar (FNSR) over JDSU given the current environment, noting that about 70% of Finisar's sales come from the datacom sector. Kang lowered his price target on JDS Uniphase shares to $11.75 from $15.50. Piper Jaffray analyst Troy Jensen also downgraded JDSU following its report, lowering his rating on the stock to Neutral from Overweight. Jensen also said the company's worse than expected guidance indicates softer Telco spending and he believes JDSU will have trouble showing significant revenue acceleration even if the optical upgrade cycle starts to ramp up. Piper lowered its price target on the stock to $12 from $14. OTHERS TO WATCH: Other providers of telecom equipment include Ciena (CIEN) and Infinera (INFN). PRICE ACTION: In morning trading, shares of JDSU fell $1.12, or 9.4%, to $10.78. Meanwhile, shares of Finisar were down nearly 2% to $19.58, Ciena slipped 1.5% to $18.92 and Infinera was fractionally higher at $9.09.
06:58 EDTDISHDish Network an 'unlikely' buyer for T-Mobile, WSJ reports
Subscribe for More Information
August 12, 2014
17:26 EDTS, DISHDish viewed as favored T-Mobile acquirer after Sprint drops bid, Bloomberg says
Dish Network (DISH) is viewed as a favorite to acquire T-Mobile (TMUS) after Sprint (S) dropped its plans to acquire the company last week, according to Bloomberg, citing analysts at Moody's Investors Service and Macquarie Group. Being an industry outsider, Dish wouldn't reduce the number of competitors in the wireless market, which would please regulators, Bloomberg added. Reference Link
08:55 EDTVZVerizon CFO says cash priorites include investing in network, dividend
Subscribe for More Information
August 11, 2014
18:05 EDTSSprint CEO to utilize price cuts to 'compete aggressively', Bloomberg reports
Subscribe for More Information
06:01 EDTSStocks with implied volatility movement; S APC
Subscribe for More Information
August 8, 2014
17:10 EDTSMarket finishes week up slightly as earnings offset by political events
Stocks finished the week fractionally higher than where they started as strong corporate earnings reports and better than expected economic data was weighed against concerns about geopolitical issues and negative M&A news. MACRO NEWS: A few ongoing geopolitical conflicts worried investors and weighed on shares. Russia unveiled sanctions against Western countries, banning the import of a wide range of food items from the U.S, the EU and a few allied countries in response to sanctions recently enacted against it from G7 nations... President Obama authorized the bombing of rebels in Iraq and Hamas and Israel failed to reach a permanent truce... An ISM services index, the U.S. trade deficit for June, and weekly jobless claims were all better than expected. Meanwhile, the increase in unit labor costs last quarter came in below the consensus outlook, perhaps easing fears that the Fed will need to raise interest rates sooner than expected. COMPANY NEWS: On the M&A front, two huge potential deals fell through as 21st Century Fox (FOX, FOXA) withdrew its offer to acquire Time Warner (TWX) and Sprint (S) reportedly decided to end its pursuit of a merger with peer T-Mobile (TMUS)... President Obama indicated that his administration would take unilateral steps in an effort to prevent companies from carrying out tax inversion acquisitions. Among the deals or possible transactions that involve inversion are Medtronic's (MDT) acquisition of Covidien (COV), Valeant's (VRX) proposed takeover of Allergan (AGN) and Mylan's (MYL) acquisition of Abbott's (ABT) developed markets branded generics pharmaceuticals business. Meanwhile, Walgreen's (WAG) stock tumbled after the U.S. company said it would not structure its takeover of European drugstore chain Alliance Boots as a tax inversion deal... 21st Century Fox, 3D printer maker Stratasys (SSYS), chip maker NVIDIA (NVDA), brewer Molson Coors (TAP), and luxury accessories maker Coach (COH) all rose following their earnings reports. Conversely, Target (TGT), luxury accessories maker Michael Kors (KORS) and Internet coupon provider Groupon (GRPN) fell following their results or guidance... Gannett (GCI) struck a deal to acquire the remaining 73% interest in Classified Ventures, whose primary asset is the online car shopping website Cars.com, for $1.8B from the other partners in the venture, which include McClatchy (MNI), Tribune Media (TRBAA), Graham Holdings (GHC) and A. H. Belo (AHC). Gannett also announced plans to spin-off its Publishing business, which includes USA Today, through a tax-free distribution to shareholders... McDonald's (MCD) stock was little changed after the company reported that its comparable store sales fell 2.5% in July, which was significantly worse than expected. Food quality issues weighed on the fast food company's sales in Asia and as a result of the China supplier issue, the company warned its previously issued global comparable sales forecast for 2014 is now at risk. INDEXES: The Dow finished the week up 0.35% to 16,553.93, the S&P 500 rose 0.32% to 1,931.59, and the Nasdaq gained 0.41% to 4,370.90.
11:32 EDTS, VZSprint is preparing to engage in fierce pricing war, WSJ reports
Sprint (S) is preparing to engage in a fierce price competition on the heels of an almost complete network revamp, according to the Wall Street Journal, citing Masayoshi Son, the CEO of parent company Softbank (SFTBY). Sprint is currently testing new pricing plans, and will utilize its "street fighter" strategies to take on larger rivals Verizon (VZ) and AT&T (T). "Price competition will intensify. Sprint will soon be ready to join the fray," Son said. Reference Link
11:32 EDTSStocks with call strike movement; WETF S
Subscribe for More Information
10:36 EDTDTVOptions with increasing implied volatility
Subscribe for More Information
06:08 EDTST-Mobile plans to overtake Sprint in total customers by end of year, CEO says
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