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Stock Market & Financial Investment News

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November 28, 2012
11:39 EDTERIC, ALU, BRCM, QCOM, NXPI, JNPR, CIENiSuppli 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.
News For ERIC;ALU;BRCM;QCOM;NXPI;JNPR;CIEN From The Last 14 Days
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August 14, 2014
09:55 EDTQCOMQualcomm discloses 4.1M share stake in Globalstar
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05:52 EDTBRCMOpco sees Cicso results as favorable for supply chain
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August 13, 2014
14:54 EDTJNPREarnings Preview: Cisco reports following Deutsche upgrade, Pac Crest downgrade
Cisco Systems (CSCO) is scheduled to report fourth quarter results after the market close on Wednesday, August 13, with a conference call scheduled for 4:30 pm ET. Cisco, a member of the Dow Jones Industrial Average, sells Internet protocol-based networking and other products related to the communications and IT industry and provides related services. EXPECTATIONS: Analysts are looking for earnings per share of 53c on revenue of $12.14B, according to First Call. The consensus range for EPS is 51c-54c on revenue of $11.8B-$12.25B. Along with its last quarterly report, Cisco guided to Q4 adjusted EPS of 51c-53c and said it expects its revenue to be down 1% to 3% in the quarter compared to the prior year. At that time, the company also said it sees its FY14 adjusted EPS to come in at the higher end of its previously communicated $1.95-$2.05 range. LAST QUARTER: On May 14, Cisco reported third quarter adjusted EPS of 51c, beating the consensus analyst forecast of 48c. It's revenue came in at $11.5B, topping the $11.38B consensus forecast. Cisco reported a Q3 adjusted gross margin of about 62.7%. NEWS: On June 17, Cisco announced its intent to acquire privately held Tail-f Systems, whose products help service providers and enterprise IT organizations easily and cost-effectively implement applications, network services and solutions across networking devices. Upon completion of the acquisition, which is expected to be complete in Q4, Tail-f employees will join Cisco's Cloud and Virtualization Group. About two weeks later, tech blog Gigaom reported that Cisco has acquired British firm Assemblage for technology that uses real-time collaboration that does not require the user to download programs or plug-ins. On July 15, Cisco announced a multi-year sales and go-to-market agreement with Microsoft (MSFT) designed to modernize data centers through the delivery and acceleration of integrated solutions. Cisco and Microsoft will both invest in sales, marketing and engineering resources to drive global alignment, while delivering deeper technology integration across cloud and data center markets, the companies stated. STREET RESEARCH: On May 21, Northland said that after speaking with Cisco's management and attending Cisco Live, the firm believed that the company is taking share form Arista Networks (ANET), which has since come public. The firm added that it did not believe that Juniper (JNPR) has gained traction in data center switching and it recommended Cisco as a cyclical recovery play and a relative bargain to peers. About a week later, Deutsche Bank upgraded its rating on Cisco shares to Buy from Hold, citing expectations that the company's new product ramps in FY15 and FY16 will be stronger than expected. Deutsche said then that it saw upside to consensus estimates and raised its price target for Cisco shares to $30 from $25. On July 28, Pacific Crest downgraded its rating on Cisco shares to Sector Perform from Outperform, citing valuation and concern that the company's margin expansion could moderate in 2015. The firm believes Cisco shares are fairly valued at $26. Less than a week ago, Morgan Stanley said its checks indicate the enterprise market is improving. The firm said it expects Cisco's outlook to be conservative and said concerns over rapid software-defined networking adoption and margin impact are overblown. Morgan Stanley has an Overweight rating with a $30 price target on Cisco. PRICE ACTION: In the last three months, Cisco has advanced about 9.5%. In afternoon trading ahead of tonight's report, Cisco shares are down 0.5% to $25.01.
11:27 EDTCIENJDSU 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.
10:14 EDTJNPREZchip sees Q3 revenue ex-items in $22M range, consensus $22.07M
EZchip (EZCH) will continue to see some level of revenue from Juniper (JNPR) for the remainder of FY14 and beyond. Comments taken from the company's Q2 earnings conference call
06:07 EDTERICEricsson selected by MTV for broadcast and media services
Ericsson will provide media and broadcast services such as media management, playout and studio facilities management for Finnish media company MTV as a result of a new five-year agreement. Ericsson will provide these services to both MTV and other local and international customers from a purpose-built media hub in Helsinki, Finland. Under the terms of the agreement, 45 highly skilled broadcast services professionals will be transferred from MTV to Ericsson
August 12, 2014
10:07 EDTQCOMCirrus Logic losing China OEM market share to Qualcomm, says Rosenblatt
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09:19 EDTJNPRJuniper CFO says seeing 'good, healthy demand' in many areas
Denholm repeats that some customers, mainly in North America, have slowed their CapEx plans. Denholm says its "a little bit early" to talk about the company's FY15 revenue outlook, but noted that the company is "pretty constructive" on growth in 2015. Juniper Networks CFO/COO Robyn Denholm continues speaking at the Oppenheimer Technology, Internet & Communications Conference.
09:06 EDTJNPRJuniper sees reaching $2B in share repurchases by year-end
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08:27 EDTNXPIMorgan Stanley remains positive on Semiconductor industry conditions
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07:33 EDTQCOMQualcomm's subsidiary enters into collaboration to develop health solutions
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06:30 EDTERICEricsson deploys its Charging System for Vodafone India
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August 11, 2014
08:11 EDTBRCMBroadcom has meaningful upsise, says Morgan Stanley
Morgan Stanley said Broadcom management is in the early stages of transforming the company to one of stable growth and high profitability from one focused on growth, which should catch the focus of investors. The firm expects shares to trade higher and reiterates its Overweight rating and raises its price target to $44.
07:53 EDTBRCMBroadcom upcoming changes not priced into shares, says Jefferies
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August 8, 2014
15:37 EDTJNPRJuniper management to meet with SunTrust
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15:04 EDTNXPINXP Semiconductors management to meet with SunTrust
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11:51 EDTQCOM, BRCMNVIDIA rallies after Q2 quarter profit, Q3 revenue outlook top estimates
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10:00 EDTNXPIOn The Fly: Analyst Initiation Summary
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08:24 EDTNXPINXP Semiconductors initiated with a Buy at Canaccord
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August 6, 2014
08:51 EDTNXPINXP Semiconductors management to meet with Deutsche Bank
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