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Stock Market & Financial Investment News

News Breaks
July 30, 2012
09:21 EDTENOC, ELT, ERIC, ELON, ITRI, NXPI, COMV, ESE, ALUMachine to machine communication growing rapidly, NY Times says
The number of machine to machine communication devices using wireless networks will at least triple by 2017, The New York Times quoted research firm Berg Insight as saying. As many as 50B machines will be connected to wireless networks by 2020, an Ericcson (ERIC) executive said, and smart meters and the auto industry are currently the leading users of machine to machine communications, the newspaper added. Reference Link
News For ERIC;ALU;NXPI;ELT;ESE;ITRI;ENOC;COMV;ELON From The Last 14 Days
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May 20, 2015
08:48 EDTITRISalzburg AG expands smart grid contract with Itron
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May 19, 2015
09:05 EDTALUNuage Networks and Arista Networks collaborate for open networking
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05:34 EDTALUAlcatel-Lucent, KT sign collaboration agreement
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May 15, 2015
12:13 EDTNXPIThird Point gives quarterly update on stakes
NEW STAKES: Yum! Brands (YUM), NXP Semiconductors (NXPI), FedEx (FDX), McKesson (MCK), and J M Smucker (SJM). INCREASED STAKES: Actavis (ACT), Roper Technologies (ROP), Delta Air Lines (DAL), and FleetCor Technologies (FLT). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Phillips 66 (PSX), eBay (EBAY), and Anheuser Busch Inbev SA (BUD). LIQUIDATED STAKES: Alibaba Group (BABA), Citigroup (C), EMC Corporation (EMC), Anglo American (AAL), and Williams Companies (WMB).
12:04 EDTNXPIThird Point reports new stakes in Maxim Integrated, NXP Semiconductors
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08:35 EDTELONEchelon now sees Q2 EPS (7c)-(4c) vs. previous view of (8c)-(5c)
Consensus is (6c). For Q2 2015, the lease termination agreement results in a revised estimated non-GAAP loss of ($0.04) to ($0.07) per share versus the previous guidance of ($0.05) to ($0.08). On a GAAP basis for the second quarter of 2015, the lease termination results in a revised estimated loss of ($0.05) to ($0.08) per share versus the previous guidance of ($0.07) to ($0.10). Once the company moves to a new, right-sized headquarters in Q1 2016, both GAAP and non-GAAP savings are estimated to improve by approximately $800,000 per quarter. Among other things, as a result of the lease termination, the net book value of the buildings will be reduced to approximately $5.0 million, which will then be amortized over the remainder of 2015 in conjunction with the new short-term lease. In addition, for GAAP purposes, the company will record a one-time benefit in the second quarter associated with the termination of the lease of approximately $1.5 million.
08:34 EDTELONEchelon retires $21.4M of long term facilities lease obligations
Echelon Corporation announced that it has reached an agreement with the landlord of its 150,000 square foot San Jose, CA headquarters related to the long-term leases for office space the company no longer requires. Under the terms of the agreement, the existing leases, which run through 2020, have been terminated and replaced with a short-term lease for a smaller portion of the facility that will run through the remainder of 2015. In return for this early termination, the company has agreed to a one-time up front cash payment of $10M and lease payments for the balance of 2015 totaling $900,000. This will eliminate the remaining lease obligation payments of $21.4M. As a result of this transaction, net cash on the balance sheet will increase by approximately $5.5 million. On a non-GAAP basis, the company estimates facilities related savings will be between $400,000 and $600,000 per quarter for the balance of 2015. On a GAAP basis, the company anticipates that the transaction will result in additional depreciation expense of approximately $1.5M per quarter through the end of 2015 as the remaining building assets are amortized off its balance sheet.
08:13 EDTNXPIJefferies ups view on Semis to Positive from Negative
Jefferies upped its view on the Semiconductors space to Positive from Negative after hosting a dozen companies at its annual conference in Miami. The firm notes that most companies noted an "OK" demand environment, which it views as supporting its thesis that the recent inventory correction and lower capex has created a "great opportunity" to add to Semi positions. After meeting with management, Jefferies has increased conviction that NXP Semiconductors (NXPI) will soon sell its HPRF business and return to its stock buyback program before most expect. It has Buy ratings on AMD (AMD), Microchip (MCHP), NXP and Texas Instruments (TXN).
May 13, 2015
13:43 EDTALUAlcatel-Lucent, Flextronics sign LOI for sale of Trieste optical transport plant
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May 12, 2015
10:01 EDTNXPIOn The Fly: Analyst Initiation Summary
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07:37 EDTESEOppenheimer to hold a conference
10th Annual Industrial Growth Conference is being held in New York on May 12-13 with webcasted company presentations to begin on May 12 at 8:15 am; not all company presentations may be webcasted. Webcast Link
06:57 EDTNXPINXP Semiconductors initiated with an Outperform at Bernstein
Target $133.
May 11, 2015
16:21 EDTELONEchelon sees Q2 EPS (5c)-(8c), consensus (6c)
Sees Q2 revenue $8.5M-$9.5M, consensus $9.57M.
16:20 EDTELONEchelon reports Q1 EPS (3c), consensus (7c)
Reports Q1 revenue $9.87M, consensus $9.03M.
09:59 EDTALUOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded to Outperform from Neutral at Exane BNP Paribas... Caterpillar (CAT) upgraded to Outperform at Baird... Cisco (CSCO) upgraded to Outperform with $36 target at Pacific Crest... Evolution Petroleum (EPM) upgraded to Outperform from Market Perform at Northland... Hecla Mining (HL) upgraded on hedging discipline at Roth Capital... Joy Global (JOY) upgraded to Outperform from Neutral at Baird... Monster Beverage (MNST) upgraded to Buy from Neutral at Citigroup... Nokia (NOK) upgraded to Outperform from Neutral at Exane BNP Paribas... On Deck Capital (ONDK) upgraded to Neutral from Sell at Sterne Agee CRT... Royal Caribbean (RCL) upgraded to Outperform from Neutral at Wedbush... SMC (SMECF) upgraded to Buy from Neutral at Goldman... Sally Beauty (SBH) upgraded to Outperform from Market Perform at Raymond James... Southwestern Energy (SWN) upgraded to Overweight from Equal Weight at Barclays... Sprouts Farmers Markets (SFM) upgraded to Outperform at BMO Capital... Suburban Propane (SPH) upgraded on positive outlook at Stifel... Suffolk Bancorp (SUBK) upgraded to Outperform from Market Perform at Keefe Bruyette... Syngenta (SYT) upgraded to Buy from Neutral at UBS... Triumph Group (TGI) upgraded to Outperform from Sector Perform at RBC Capital... United Natural Foods (UNFI) upgraded to Overweight from Equal Weight at Stephens... Web.com (WWWW) upgraded to Buy from Hold at Deutsche Bank... Zillow Group (Z) upgraded to Buy from Neutral at SunTrust.
07:26 EDTERICQualcomm rivals questioned by EU antitrust regulators, Reuters reports
Antitrust regulators in the EU are asking Qualcomm's (QCOM) rivals about the company's business practices, Reuters reports, citing a document. Europe has been investigating Qualcomm for the last seven months over the way it licenses its products and its power over patents. Another EU inquiry, which began in 2010, was triggered by a complained from Nvidia's (NVDA) Icera unit over rebates and incentives. Reference Link
06:56 EDTNXPINXP Semiconductors price target raised to $125 from $115 at Deutsche Bank
Deutsche Bank raised its price target for NXP Semiconductors to $125 after meeting with management and reiterates a Buy rating on the name. Deutsche believes the Freescale deal on track and that NXP's core business remains strong.
05:31 EDTALUNokia upgraded to Outperform from Neutral at Exane BNP Paribas
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05:31 EDTALUAlcatel-Lucent upgraded to Outperform from Neutral at Exane BNP Paribas
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05:21 EDTERICEricsson announces multi-year agreement with Safaricom
Ericsson announced the signing of a multi-year agreement with Safaricom, Kenya's largest mobile operator, to support the upgrade and expansion of its converged mobile network infrastructure. Under the terms of this agreement, Ericsson will deploy Wi-Fi technology for the first time on the Safaricom network as well as expand and enhance the MINI-LINK microwave transmission network; enabling subscribers enjoy a richer quality of mobile broadband in Kenya.
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