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Stock Market & Financial Investment News

News For QCOM;CIEN;ERIC;ALU;JNPR;NXPI;BRCM From The Last 14 Days
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November 13, 2014
08:06 EDTERICEricsson targets growth faster than TAM 3%-5% CAGR over 2013-2017
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05:34 EDTBRCMBroadcom upgraded to Buy from Neutral at Goldman
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November 12, 2014
12:55 EDTQCOMNVIDIA says Samsung files counter-suit, patent infringement claims
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11:32 EDTJNPREZchip believes growth from ZTE will resume in the coming quarters
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08:02 EDTALUAlcatel-Lucent in excellent position, says Bernstein
After meeting with Alcatel-Lucent's management, Bernstein thinks the company should post good revenue growth next year, along with strong operating margins in its core business. The firm expects the company's cash flow to break even in 2015, and it keeps an Outperform rating on the stock.
November 11, 2014
11:02 EDTJNPRJuniper falls after CEO change but Nomura lauds selection with upgrade
Shares of Juniper (JNPR), which provides network infrastructure products, are sinking after the company abruptly announced last night that it had chosen a new CEO. However, several analysts were upbeat on the company's decision for its new CEO. WHAT'S NEW: Juniper last night announced that its CEO, Shaygan Kheradpir, had resigned, effective immediately. The company said the CEO's resignation came in the wake of the board's review of his leadership and of his conduct during talks with a customer. Named as Kheradpir's replacement, effective immediately, was Rami Rahim, who had been serving as the executive VP and general manager of Juniper's Development and Innovation division. ANALYST REACTION: Nomura analyst Stuart Jeffrey reacted to the news by upgrading his rating on Juniper to Buy from Neutral. Jeffrey wrote that he had previously been worried that the risk facing the company was increasing, and had little confidence that its leadership team could meet its long-term targets. With Rahim at the helm, however, the company has a better chance of generating revenue growth, Jeffrey contended. Unlike his predecessor, Rahim is a Juniper veteran, has demonstrated strong expertise in the company's business during numerous presentations to investors, and has been instrumental in developing products, according to Jeffrey. The analyst raised his price target on the stock to $25 from $19.50. Janney Capital also said the CEO transition at Juniper was unexpected, but that Rami Rahim should have a fairly smooth transition since he has been a big part of creating and implementing the strategy to which the company affirmed its commitment. Janney maintained its Buy rating and $28 fair value estimate on shares of Juniper. Wells Fargo was fairly upbeat on the company's decision. Although Juniper's second CEO change in less than a year is a negative headline, Rahim is a strong choice, as he is highly respected within the organization and has played an integral role in developing the company's current strategy, according to the firm. Moreover, Rahim maintains close relationships with many of Juniper top customers, Wells Fargo reported. As a result, the change will be less disruptive than feared, according to Wells, which noted that Juniper said there would not be any changes in its strategy going forward. The firm kept an Outperform rating on the stock. PRICE ACTION: In mid-morning trading, Juniper fell 4.3% to $20.57.
10:25 EDTJNPRJuniper fall, levels to watch
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10:20 EDTERICHigh option volume stocks
High option volume stocks: RLGY TWC LITB SPM ACRX JWN OCR CALL CST ERIC
10:00 EDTJNPROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcentra Capital (ABDC) upgraded to Outperform from Market Perform at Keefe Bruyette... Ambac Financial (AMBC) upgraded to Neutral from Sell at MKM Partners... Banco Bilbao (BBVA) upgraded to Buy from Reduce at Nomura... Darden (DRI) upgraded at KeyBanc... ICU Medical (ICUI) upgraded to Overweight from Neutral at Piper Jaffray... IMAX (IMAX) upgraded to Buy from Neutral at Goldman... Juniper (JNPR) upgraded to Buy from Neutral at Nomura... Michaels (MIK) upgraded to Overweight from Equal Weight at Morgan Stanley... Midcoast Energy (MEP) upgraded to Outperform from Neutral at Credit Suisse... Midstates Petroleum (MPO) upgraded to Outperform from Market Perform at Northland... Monroe Capital (MRCC) upgraded to Outperform from Neutral at RW Baird... NuVasive (NUVA) upgraded to Outperform from Market Perform at Cowen... ONEOK Partners (OKS) upgraded to Outperform from Neutral at Credit Suisse... ORBCOMM (ORBC) upgraded to Overweight from Equal Weight at First Analysis... Pattern Energy (PEGI) upgraded to Outperform from Neutral at Macquarie... Targa Resources Partners (NGLS) upgraded to Outperform from Neutral at Credit Suisse... Time Warner (TWX) upgraded to Conviction Buy from Neutral at Goldman... Tremor Video (TRMR) upgraded to Buy from Hold at Jefferies... Western Gas Partners (WES) upgraded to Outperform from Neutral at Credit Suisse... Yamana Gold (AUY) upgraded to Overweight from Neutral at HSBC... Zynga (ZNGA) upgraded to Buy from Hold at Jefferies.
08:28 EDTJNPRJuniper CEO transition should be smooth, says Janney Capital
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08:18 EDTJNPRJuniper CEO transition likely to create little disruption, says Oppenheimer
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07:49 EDTJNPRJuniper new CEO a strong choice, says Wells Fargo
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06:28 EDTJNPRJuniper upgraded to Buy from Neutral at Nomura
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November 10, 2014
18:32 EDTJNPROn The Fly: After Hours Movers
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17:46 EDTJNPRJuniper says changes today are unrelated to previous statements, outlook
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16:24 EDTJNPRJuniper CEO Kheradpir steps down after board review, Rami Rahim appointed CEO
Juniper Networks announced that Rami Rahim has been named CEO, effective immediately. Rahim has also been appointed to the board. Rahim previously served as executive vice president and general manager, Juniper Development and Innovation. Shaygan Kheradpir has resigned as CEO and director of the company. His resignation follows a review by the board of his leadership and his conduct in connection with a particular negotiation with a customer. The board and Kheradpir have different perspectives regarding these matters. The board's review will not result in any adjustments to the company's financial statements. The board and the executive leadership team remain fully committed to the strategy and financial targets Juniper articulated at its October 30, Investor Day including the near- and long-term outlook the company has recently disclosed.
13:24 EDTERICEricsson to hold capital markets day
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08:22 EDTERIC, JNPR, ALUNetwork equipment makers slip after AT&T projects lower 2015 capital spending
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08:12 EDTJNPR, ALU, ERIC, CIENAT&T 2015 capex reduction negative for select stocks, says JPMorgan
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06:28 EDTQCOMReport: TSMC may buy Qualcomm Taiwan factory, DigiTimes says
TSMC (TSM) is considering an acquisition of Qualcomm's (QCOM) Taiwan factory to expand its packaging and test business, reports DigiTimes. Citing a Chinese-language Economic Daily News report, the Qualcomm factory will be acquired for several billion NT dollars. Reference Link
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