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Stock Market & Financial Investment News

News Breaks
February 5, 2014
12:00 EDTEXTR, TMUS, SPLK, FNSR, DNROptions with increasing implied volatility: EXPR TMUS SPLK FNSR DNR
News For EXTR;TMUS;SPLK;FNSR;DNR From The Last 14 Days
Check below for free stories on EXTR;TMUS;SPLK;FNSR;DNR the last two weeks.
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August 20, 2014
06:59 EDTTMUSCox president says not going public, not desiring T-Mobile deal, Reuters says
The president of Cox Communications, Pat Esser, said that the firm is not intent on completing a merger deal with T-Mobile (TMUS) or with any cable provider competitors, which eliminates any rumors surrounding the private firm, according to Reuters, citing comments from Esser. Esser noted that Cox does not have any desire to become a publically traded company at the moment. Reference Link
06:36 EDTTMUSIliad speaks to Google, Microsoft regarding T-Mobile offer, NY Post says
After Iliad's (ILIAF) surprise bid for T-Mobile (TMUS) was rejected, the firm is now in contact with , personnel at Google (GOOG) and Microsoft (MSFT) about working together to come up with a larger offer for the company, according to the New York Post, citing a "well-placed" source. Reference Link
August 19, 2014
07:18 EDTDNREnerCom to hold a conference
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August 18, 2014
19:41 EDTTMUSSprint CEO says regulators weren't set on industry consolidation, Bloomberg says
Sprint (S) recently dropped its bid seeking control of competitor T-Mobile (TMUS).
18:33 EDTTMUSSprint introduces Sprint Family Share Pack data plan, doubles high-speed data
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08:47 EDTTMUSRaymond James to hold a summit
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August 15, 2014
06:15 EDTTMUSSprint's new CEO to introduce 'disruptive' prices next week, Re/code reports
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August 14, 2014
16:12 EDTEXTRExtreme Networks sees Q1 EPS 6c-8c, consensus 7c
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16:11 EDTEXTRExtreme Networks reports Q4 EPS 9c, consensus 7c
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12:01 EDTFNSR, TMUSThird Point gives quarterly update on stakes
NEW STAKES: Rackspace (RAX), Finisar (FNSR), Amgen (AMGN), Ally Financial (ALLY), and AstraZeneca (AZN). INCREASED STAKES: Dollar General (DG) and Dow Chemical (DOW). DECREASED STAKES: FedEx (FDX), Hertz (HTZ), T-Mobile (TMUS) and Intrexon (XON). LIQUIDATED STAKES: Google Class A (GOOGL), Verizon (VZ) and Mondelez (MDLZ).
11:52 EDTFNSRThird Point discloses new stakes in Finisar, Amgen, Ally Financial
09:07 EDTTMUSMorgan Stanley to hold a conference
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05:58 EDTTMUST-Mobile CFO says Iliad offer 'flattering,' but 'inadequate,' WSJ reports
T-Mobile (TMUS) CFO Braxton Carter has called Iliad's (ILIAF) proposal to buy 57% of the company for $15B "very flattering," but "inadequate," the Wall Street Journal reports, citing comments made at an investor conference. Carter added, "I think rarely people come with their best bid to start." Reference Link
August 13, 2014
11:27 EDTFNSRJDSU 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.
10:01 EDTTMUST-Mobile files petition for reconsideration of FCC spectrum order
T-Mobile said it has filed a petition for reconsideration of the FCC's Mobile Spectrum Holdings Order. It stated, "While the Commissionís approach to mobile spectrum holdings in the upcoming 600 MHz incentive auction represents one of the most innovative and forward-thinking regulations in its eighty-year history, we seek reconsideration because the Order stops short of adopting rules sufficient to prevent the two largest incumbent carriers from dominating the market. Our petition respectfully requests the Commission adjust its rules for the incentive auction by increasing the amount of low-band spectrum reserved for competitive carriers and modifying when auction revenues would trigger access to this reserve."
06:58 EDTTMUSDish Network an 'unlikely' buyer for T-Mobile, WSJ reports
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August 12, 2014
19:02 EDTFNSROn The Fly: After Hours Movers
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17:26 EDTTMUSDish viewed as favored T-Mobile acquirer after Sprint drops bid, Bloomberg says
Dish Network (DISH) is viewed as a favorite to acquire T-Mobile (TMUS) after Sprint (S) dropped its plans to acquire the company last week, according to Bloomberg, citing analysts at Moody's Investors Service and Macquarie Group. Being an industry outsider, Dish wouldn't reduce the number of competitors in the wireless market, which would please regulators, Bloomberg added. Reference Link
August 8, 2014
17:10 EDTTMUSMarket finishes week up slightly as earnings offset by political events
Stocks finished the week fractionally higher than where they started as strong corporate earnings reports and better than expected economic data was weighed against concerns about geopolitical issues and negative M&A news. MACRO NEWS: A few ongoing geopolitical conflicts worried investors and weighed on shares. Russia unveiled sanctions against Western countries, banning the import of a wide range of food items from the U.S, the EU and a few allied countries in response to sanctions recently enacted against it from G7 nations... President Obama authorized the bombing of rebels in Iraq and Hamas and Israel failed to reach a permanent truce... An ISM services index, the U.S. trade deficit for June, and weekly jobless claims were all better than expected. Meanwhile, the increase in unit labor costs last quarter came in below the consensus outlook, perhaps easing fears that the Fed will need to raise interest rates sooner than expected. COMPANY NEWS: On the M&A front, two huge potential deals fell through as 21st Century Fox (FOX, FOXA) withdrew its offer to acquire Time Warner (TWX) and Sprint (S) reportedly decided to end its pursuit of a merger with peer T-Mobile (TMUS)... President Obama indicated that his administration would take unilateral steps in an effort to prevent companies from carrying out tax inversion acquisitions. Among the deals or possible transactions that involve inversion are Medtronic's (MDT) acquisition of Covidien (COV), Valeant's (VRX) proposed takeover of Allergan (AGN) and Mylan's (MYL) acquisition of Abbott's (ABT) developed markets branded generics pharmaceuticals business. Meanwhile, Walgreen's (WAG) stock tumbled after the U.S. company said it would not structure its takeover of European drugstore chain Alliance Boots as a tax inversion deal... 21st Century Fox, 3D printer maker Stratasys (SSYS), chip maker NVIDIA (NVDA), brewer Molson Coors (TAP), and luxury accessories maker Coach (COH) all rose following their earnings reports. Conversely, Target (TGT), luxury accessories maker Michael Kors (KORS) and Internet coupon provider Groupon (GRPN) fell following their results or guidance... Gannett (GCI) struck a deal to acquire the remaining 73% interest in Classified Ventures, whose primary asset is the online car shopping website Cars.com, for $1.8B from the other partners in the venture, which include McClatchy (MNI), Tribune Media (TRBAA), Graham Holdings (GHC) and A. H. Belo (AHC). Gannett also announced plans to spin-off its Publishing business, which includes USA Today, through a tax-free distribution to shareholders... McDonald's (MCD) stock was little changed after the company reported that its comparable store sales fell 2.5% in July, which was significantly worse than expected. Food quality issues weighed on the fast food company's sales in Asia and as a result of the China supplier issue, the company warned its previously issued global comparable sales forecast for 2014 is now at risk. INDEXES: The Dow finished the week up 0.35% to 16,553.93, the S&P 500 rose 0.32% to 1,931.59, and the Nasdaq gained 0.41% to 4,370.90.
06:08 EDTTMUST-Mobile plans to overtake Sprint in total customers by end of year, CEO says
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