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January 25, 2013
13:24 EDTPII, PAA, CTRP, EGHT, QLGCHigh option volume stocks: QLGC PAA PII CTRP EGHT
News For EGHT;PAA;QLGC;CTRP;PII From The Last 14 Days
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October 5, 2015
14:00 EDTPIIPolaris Industries recalls RZR 900, 1000 vehicles due to potential fire hazard
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September 30, 2015
08:15 EDTEGHT8x8 awarded patent for Global Reach Technology
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08:08 EDTEGHTBroadSoft can be a 'significantly larger' company, says Jefferies
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September 25, 2015
16:39 EDTPAAPlains All American files $2B mixed securities shelf
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16:35 EDTQLGCQLogic sees $5M-$6M of pre-tax charges in FY16 from restructuring plan
On September 22, QLogic approved a restructuring plan designed to further align the company's future operating expenses with its current revenue expectations. The restructuring plan includes a workforce reduction and the consolidation and elimination of certain engineering activities. The company anticipates that the restructuring activities will be substantially completed during the company's fiscal 2016. In connection with the restructuring plan, the company expects to incur between $5M-$6M of pre-tax charges, including $3M-$4M of cash charges. The expected charges associated with the restructuring plan consist of approximately $2M of employee termination benefits and $3M-$4M of other costs, including costs related to a facility under a non-cancelable lease that the company intends to cease using as part of the restructuring plan. The company expects that the charges associated with the restructuring plan will be recorded in the company's fiscal 2016.
16:29 EDTPAAPlains All American files automatic mixed securities shelf
September 23, 2015
14:34 EDTEGHT8x8, Inc. management to meet with Northland
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10:44 EDTCTRPChinese Internet stock pullback a buying opportunity, CLSA says
Shares of multiple Chinese Internet companies are down again in morning trading amid more weak economic data from the Asian nation. However, research firm CLSA released a note making favorable comments and evaluations of several of the country's largest Internet players amid the economic slowdown. LITTLE IMPACT FROM SLOWDOWN: After 25 Chinese Internet and telecom companies attended CLSA's Investors' Forum, analyst Elinor Leung stated that Internet companies in China reported that they have been little affected by growing weakness in the nation's economy. Leung said that such companies have attributed their successful performance to a high savings rate, which increases consumer spending power, as well as gains in offline market share. Additionally, companies already listed may benefit from a weak A-share market in China, since smaller companies do not have access to financing and the slow market speeds up consolidation, Leung noted. RATINGS CHANGES: CLSA upgraded online travel service provider Ctrip (CTRP) to Buy from Outperform and maintained an $85 price target on its shares, while also raising its rating on Baidu (BIDU) two notches, to Buy from Underperform. Leung, who lowered Baidu's price target to $180 from $225, said the firm's top sector picks in the country are (JD), Alibaba (BABA), Tencent (TCEHY), and Ctrip. The analyst added that Tencent and Ctrip shares are the "most defensive" stocks, while JD and Alibaba could rebound even more after sentiment improves. WHAT'S NOTABLE: Last Thursday, TechInAsia reported that Baidu chief executive officer Robin Li said that the company was weighing the idea of delisting from the Nasdaq (NDAQ) and re-listing on the A-shares market in China. TechInAsia later added that a spokesperson from the Chinese internet giant "downplayed" the potential move, saying that Li's comments referred to an "unlikely hypothetical situation" in which U.S. investors don't recognize the importance of the online-to-offline market. PRICE ACTION: In morning trading, Baidu shares fell 1.4% to $134.21, Ctrip shares were flat near $66.64, shares slid 2% to $25.04 and Alibaba shares declined 2% to $60.69.
10:00 EDTCTRPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Baidu (BIDU) upgraded to Buy from Underperform at CLSA... BioMed Realty (BMR) upgraded to Buy from Hold at Canaccord... Carnival (CCL) upgraded to Buy from Neutral at Nomura... (CTRP) upgraded to Buy from Outperform at CLSA... Daktronics (DAKT) upgraded to Buy from Hold at Needham... FMC Corporation (FMC) upgraded to Buy from Hold at Jefferies... Finish Line (FINL) upgraded to Outperform from Market Perform at FBR Capital... Intel (INTC) upgraded on potential PC, client business rebound at Bernstein... MTN Group (MTNOY) upgraded to Neutral from Sell at Goldman... Mitcham Industries (MIND) upgraded to Buy from Neutral at Sidoti... Parker Drilling (PKD) upgraded to Buy from Neutral at Sidoti... Raytheon (RTN) upgraded on international outlook at Bernstein... Regional Management (RM) upgraded to Buy from Hold at Jefferies... Vivendi (VIVHY) upgraded to Hold from Underperform at Jefferies... Wolverine World Wide (WWW) upgraded to Neutral from Sell at Citi.
08:16 EDTEGHT8x8, Inc. achieves accreditation under U.K.'s Cyber Essentials Plus scheme
8x8, Inc. announced that the company has secured the United Kingdom's Cyber Essentials Plus accreditation and is now accepted onto their Network Services framework agreement for Unified Communications. The recent accreditation helps 8x8 further strengthen its public sector offering.
07:50 EDTCTRP, upgraded to Buy from Outperform at CLSA
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07:48 EDTCTRP, CTRPBaidu upgraded to Buy from Underperform at CLSA
After hosting an Investors Forum and Internet tour for Chinese companies, CLSA upgraded Baidu (BIDU) to Buy, stating that the recent correction in the stock is a buying opportunity. Chinese Internet companies said they have seen very little impact from the slowing economy, the firm tells investors in its sector note. The firm lowered its price target on Baidu shares to $180 from $225. CLSA also upgraded Ctrip (CTRP) to Buy this morning.
September 22, 2015
08:04 EDTQLGCQLogic, Huawei partner to provide 25GB internet to scale-out NAS for cloud
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