New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 28, 2012
11:39 EDTNXPI, ALU, CIEN, QCOM, ERIC, JNPR, BRCMiSuppli says mobile communications equipment market to grow 13% in 2012
The market for mobile communications equipment will grow by a robust 13% this year, propelled by climbing shipments of mobile handsets and tablets, particularly devices supporting the 4G long term evolution, or LTE, wireless standard, IHS iSuppli predicted. Total factory revenue from original equipment manufacturers making mobile communications equipment is projected to reach $376B by year-end, up from $334B in 2011, the firm said. Next year, overall revenue for mobile communications equipment is forecast to rise to $444B, the firm added.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
September 25, 2015
13:36 EDTQCOMQualcomm volatility low as shares trend lower
Qualcomm (QCOM) current 30-day call option implied volatility is at 26, compared to a one-month ago level of 38, suggesting decreasing price movement for the chipmaker that appear poised to obtain more revenue from Apple's (AAPL) iPhone 6S devices.
11:43 EDTCIENCiena management to meet with Needham
Meetings to be held in Chicago/Milwaukee on September 30, in Minneapolis on October 1 and in Kansas City on October 2 hosted by Needham.
11:25 EDTQCOM, NXPICirrus leads iPhone suppliers higher as analysts dissect 6S
Cirrus Logic (CRUS), Skyworks (SWKS) and Qorvo (QRVO) are among the chipmakers that appear poised to obtain more revenue from Apple's (AAPL) iPhone 6S devices than from the previous generation of the market-leading smartphone. Research firms issued notes today based on their analysis of "teardowns" of the new phones after they went on sale for the first time, beginning in Australia. TEARDOWNS: Apple's common practice when rolling out its newest iPhone models is for Australia to be its first launch market. The unboxing of iPhones when they become available for sale for the first time anywhere in the world is a much anticipated event among the tech giant's fans, as well as by Apple-focused blogs and Wall Street analysts who follow the company. Websites like iFixit have become well known for their "teardowns" of the devices, where they purchase, take apart and analyze the way in which the device is made and how it differs from previous models. These teardowns are closely watched by analysts and can sometimes be catalysts for the stocks of iPhone component suppliers. CIRRUS: Barclays analyst Blayne Curtis says teardowns of Apple's iPhone 6S indicate Cirrus Logic secured both a smart codec and boosted amp win in the new phone. The company's content in each phone is likely towards the upper end of his $3.50-$4.00 estimate, Curtis tells investors, noting that he views this as better than expected. Curtis thinks the 6S content, coupled with the "several new growth drivers" Cirrus outlined at yesterday's technology day, could reverse the negative sentiment on the stock. He keeps an Overweight rating on the name with a $39 price target. OTHER WINNERS AND LOSERS: Skyworks and Qorvo saw their content rise 22% and 25% respectively, Curtis estimated. NXP Semiconductors (NXPI) is continuing to supply the NFC and Secure Element chips for the 6S devices, but is no longer providing the sensor hub, the analyst reported. The company will lose about 50c per iPhone as a result of this development, but it did know that it would no longer be providing the hub before it provided its guidance in July, according to Curtis. STMicroelectronics (STM) is no longer providing the secure MCU for the iPhone 6S, Curtis added. WHAT'S NOTABLE: Other companies that are supplying iPhone 6S components include Qualcomm (QCOM), Texas Instruments (TXN), and Avago (AVGO), iFixit reported. After conducting checks, Craig-Hallum analyst Anthony Stoss estimated that Skyworks will obtain about $6.50 of revenue per iPhone, up from about $5.50 previously, while Qorvo's revenue per device will rise to $6.25 from $5.75 and Avago will see its revenue per device increase to about $6.75 from about $6.50, Stoss believes. The firm kept Buy ratings on Skyworks, Avago, and Qorvo. PRICE ACTION: In morning trading, Cirrus shares jumped $4.36, or 16%, to $31.49, Skyworks added about 3% and Qorvo rose 4%. Meanwhile, NXP gained about 2% and STMicroelectronics advanced 2.5%.
09:48 EDTQCOM, NXPIApple iPhone 6S Plus teardown reveals chip suppliers, iFixit reports
Subscribe for More Information
September 24, 2015
11:15 EDTNXPIAnalyst sees $55,000 car from Apple as soon as 2019
Apple (AAPL) could introduce a car by as soon as 2019, but assuming an average selling price of $55,000 and 200,000 shipments, the contribution to the tech giant's earnings in that year is probably not enough to "excite" investors, said the research team at Jefferies this morning. However, a car would give the tech giant some "much needed" diversification away from the iPhone and would be positive for the broader tech space, the firm added. RIPE FOR DISRUPTION: Jefferies analysts Sundeep Bajikar, Mark Lipacis and their team say their analysis indicates the automobile industry is "ripe for disruption" and that Apple is well positioned to introduce a car, potentially as early as 2019. A car could add 32c to Apple's earnings per share in FY19 under a best-case scenario, Bajikar tells investors. He assumes a $55,000 average selling price for an Apple Car and an operating margin of 20%, over 1,000 basis points higher than the Street's 2019 margin estimate for electric carmaker Tesla (TSLA). Investors are likely to find the assumptions "highly aggressive," the analyst cautions. Meanwhile, the potential earnings impact is probably not big enough for Apple investors to get excited and earnings contributions from a vehicle may not become meaningful before iPhone decelerates, the analysts argue. However, the firm said it could get more constructive on Apple shares if diversification in earnings were to drive less iPhone risk. Bajikar and Lipacis keep a Hold rating on the iPhone maker with a $126 price target. TOP CHIP PICKS: Efforts in the car market from tech heavyweights Apple and Google (GOOGL) will lead the industry to design and sell more intelligent vehicles, accelerating the growth of semiconductors for automobiles above current forecasts, contend Jefferies' analysts in a separate note to investors this morning. The analysts lay out their top picks among automotive semiconductor suppliers, saying the pending merger of NXP Semiconductors (NXPI) and Freescale (FSL) will create the world's biggest automotive semi company, adding that growth in microcontroller content and networking applications will benefit that combined giant. NVIDIA's (NVDA) automotive sales have grown the fastest since the end of the 2012 fiscal year among the companies the firm follows, while Maxim Integrated (MXIM) had the second fastest growth in that time frame, the analysts noted in naming those two as their other top picks in the space. Lipacis and Bajikar identified Analog Devices (ADI), Microchip (MCHP) and Linear Technology (LLTC) as other notable beneficiaries from the expected growth of semiconductor content in automobiles. PRICE ACTION: Amid broad weakness in the market, Apple shares are down 1.5% to $112.56. Meanwhile, the Philadelphia Stock Exchange Semiconductor Sector index (SOX) is down 2.4% this morning.
09:59 EDTNXPIOTR Global believes NXP Semiconductors lost sensor gub in new iPhone 6S
Subscribe for More Information
08:08 EDTNXPIBofA/Merrill sees 45%+ upside for NXP Semiconductors
Subscribe for More Information
September 23, 2015
10:24 EDTJNPROptions with increasing implied volatility
Options with increasing implied volatility: SNCR PTCT SRPT AMZN CREE CMG ISRG QLIK SNKD BIIB JNPR
09:57 EDTCIENCiena initiated with an Overweight at Stephens
Subscribe for More Information
September 22, 2015
15:52 EDTQCOMThe Washington Post to send 100% of stories to Facebook Instant Articles
Subscribe for More Information
14:25 EDTALUNokia, France agree on 'shared vision of innovation' after Alcatel combination
Nokia (NOK) President and CEO Rajeev Suri along with Emmanuel Macron, France's Minister of Economy, Industry and Digital Affairs, formally affirmed Nokia's commitment to driving innovation in France and, globally, from France, that will result from Nokia's proposed combination with Alcatel-Lucent (ALU). Nokia has confirmed that France will play a leading role in the combined entity's Research and Development operations. As previously announced, Nokia has also committed to maintaining employment in France that is consistent with Alcatel-Lucent's Shift Plan commitments for a period of at least two years after completion of the proposed transaction. R&D capacity is planned to be increased from 2 000 to 2 500 employees over the next three years, including the recruitment of at least 300 new graduates. The R&D employment level will be maintained for a period of at least four years after completion of the proposed transaction. Nokia has committed, upon completion of the transaction, to providing regular updates to the French government as the integration of the two companies progresses.
10:36 EDTJNPR, CIENGoldman upbeat on telecom equipment, lukewarm on IT hardware
The telecom equipment sector has a number of positive catalysts, Goldman Sachs wrote in a note to investors today. The firm has a neutral view on the IT Hardware sector, however, noted the analyst team that took over coverage of the stocks in the space. WHAT'S NEW: Telecom equipment companies should benefit from spending on 100G wide area network upgrades between 2015 and 2017, Goldman analyst Simona Jankowski wrote. Also likely to boost the sector is the expansion of cloud providers' private networks, the analyst stated. The latter trend should produce a new market for the sector, Jankowski believes. Within the sector, she kept Buy ratings on Juniper (JNPR), Arris (ARRS) and Ciena (CIEN). The analyst, who has an Attractive view on the Telecom Equipment sector, has a Sell rating on shares of Infinera (INFN), however. WHAT'S NOTABLE: Jankowski views the IT hardware sector as a mixed bag. The sector's valuations are attractive, and it is generating strong free cash flow and robust capital returns, the analyst believes. However, it is being hurt by the shift to cloud computing and by foreign exchange fluctuations, Jankowski warned. Within the sector, she downgraded NetApp (NTAP) to Sell from Neutral and kept a Sell rating on Motorola Solutions (MSI). PRICE ACTION: In early trading, Jumiper declined 2% to $25.24, Arris gave back 1.8% to $26.40, Ciena dropped 2% to $21.77, Infinera fell 3.8% to $20.27, NetApp tumbled 4.5% to $29.80 and Motorola Solutions lost 1% to $66.30.
10:23 EDTJNPROptions with increasing implied volatility
Subscribe for More Information
07:35 EDTERICEricsson weakness creates buying opportunity, says Bernstein
Bernstein notes that Ericsson's stock has fallen recently even though it is "broadly unaffected" by the slowdown in China. The firm thinks that the company should benefit from consolidation in the wireless space, while its gross margin and revenue trends are favorable. The firm keeps an Outperform rating on the shares.
07:15 EDTQCOMCloudFlare raises $110M from consortium of Google, Microsoft, others
Subscribe for More Information
06:40 EDTQCOMChip sector deal size up substantially in 2015, WSJ reports
Subscribe for More Information
06:04 EDTERICMTN signs agreement with Ericsson to implement Order to Cash suite
MTN signed a multi-year agreement with Ericsson to implement, support and manage Ericsson's Order to Cash suite. This solution enables MTN to standardize the customer experience of its products and services in all the markets it is operational. As part of the agreement, Ericsson will be responsible for the replacement of all legacy infrastructure with its new Charging System, Ericsson Multi Activation and Ericsson Multi Mediation across all MTN operations Ericsson will support, operate and manage this suite of products.
September 21, 2015
15:50 EDTALUAlcatel-Lucent, Acacia settle patent infringement suit, Law360 says
Subscribe for More Information
07:10 EDTALUNokia upgraded to Buy ahead of Samsung arbitration at Deutsche Bank
Deutsche Bank analyst Johannes Schaller upgraded Nokia (NOK) to Buy saying shares are positioned for outperformance following the likely positive outcome from the Samsung arbitration. The targeted synergies from the planned merger with Alcatel-Lucent (ALU) look "very achievable," the analyst adds. Schaller has a price target of EUR 7.50 for shares of Nokia.
September 20, 2015
21:07 EDTBRCMDialog to acquire Atmel in move towards Internet of Things
Atmel (ATML) reached an agreement Sunday to be acquired by Dialog Semiconductor in a deal valued at approximately $4.6B, or the equivalent of $10.42 per Atmel share. Jalal Bagherli, CEO of U.K.-based Dialog, remarked that the combined company will be "a diversified, high-growth market leader" in chips for mobile devices, connected vehicles, and the Internet of Things. In a subsequent Bloomberg interview regarding the deal, Bagherli explained, "We passed the computing era, we're at the height of the mobile era, and we're about to enter the IoT era." The news comes after several semiconductor mergers in 2015 amid slowing growth and saturated markets, with Intel (INTC) agreeing in June to acquire Altera (ALTR) and Avago (AVGO) striking a deal in May for Broadcom (BRCM). Note also China's apparent desire to control companies in the space, evidenced by state-owned firms China Electronics Corp. and Tsinghua's respective pursuits of Atmel and Micron (MU).
1 | 2 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use