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Stock Market & Financial Investment News

News Breaks
April 4, 2013
18:10 EDTFFIV, CSCO, JNPR, JDSU, CTXS, CIENF5 Networks peers trade down after company lowers Q2 guidance
Peers of F5 Networks (FFIV) in the Telco space are trading lower after-hours, after the company lowered its Q2 EPS and revenue guidance, and said on its conference call that "the largest area of weakness was in the Telco space, where sales were down significantly on both a year-over-year and sequential basis." Shares of Cisco Systems (CSCO), Juniper Networks (JNPR), JDS Uniphase (JDSU), Citrix Systems (CTXS), and Ciena Corporation (CIEN) are all trading lower by more than 2% after the close.
News For FFIV;CSCO;JNPR;JDSU;CTXS;CIEN From The Last 14 Days
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September 8, 2014
08:45 EDTCSCONimble Storage, Arista, CommVault recommnded on M&A at Pacific Crest
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September 5, 2014
16:45 EDTCIENMarket ends week little changed after mixed economic data
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10:50 EDTCIENOptions with decreasing implied volatility
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10:05 EDTCIENOn The Fly: Analyst Upgrade Summary
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09:16 EDTCIENOn The Fly: Pre-market Movers
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08:54 EDTCIENCiena should be bought on weakness, says MKM Partners
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08:30 EDTCIENCiena price target lowered to $24 from $30 at BMO Capital
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07:33 EDTCIENCiena price target lowered to $25 from $27 at UBS
UBS lowered its price target on Ciena to $25 from $27 to reflect a more conservative outlook following the company's guidance miss. The firm said their mid-term outlook remains intact and maintains their Buy rating on the shares of Ciena.
05:24 EDTCIENCiena upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Ciena to Buy citing valuation and lowered expectations following the company's Q3 results. Goldman believes Ciena's current margin weakness will be temporary and keeps a $26 price target for the shares.
September 4, 2014
16:24 EDTCIENOn The Fly: Closing Wrap
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15:26 EDTCSCOCisco UCS update further strengthens portfolio, says Cantor
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15:20 EDTCSCOCisco expands Unified Computing System portfolio
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14:05 EDTCIENCiena weakness may create attractive entry point, says Wells Fargo
Wells Fargo believes that Ciena (CIEN) reported solid Q3 results, and the firm was encouraged by the news that the company was named as an AT&T (T) domain 2.0 supplier. However, the firm notes that Ciena's Q4 revenue guidance was lower than expected, partly due to the deal. Nonetheless the firm expects the factors that caused the guidance miss to be transitory, and it is upbeat about the company's outlook for FY15. Wells keeps an Outperform rating on the shares.
12:34 EDTCIENOn The Fly: Midday Wrap
Stocks on Wall Street began the session in positive territory after the ECB lowered its benchmark interest rate and took additional measures in an attempt to stimulate the region’s economy. The averages had some early momentum, but found a level about an hour into trading around which they have since traded in a narrow range. ECONOMIC EVENTS: In the U.S., payroll provider ADP estimated private sector employment increased by 204K jobs in August, which was below the consensus forecast for 215K private sector jobs to have been added. Initial jobless claims rose 4K to 302K in the week ended August 30, which was close to the 300K estimate. The trade deficit narrowed slightly to $40.5B in July, beating expectations for a deficit of $42.5B. Second quarter nonfarm productivity growth was revised lower to 2.3% versus the 2.5% pace reported initially. Unit labor costs were revised down to a decrease of 0.1% from a rise of 0.6% estimated previously. Markit's services PMI for August came in at 59.5, versus a consensus forecast of 58.5. ISM's non-manufacturing PMI for August had a reading of 59.6, easily topping the 57.7 consensus estimate. In Europe, the European Central Bank unexpectedly cut the rate at which it issues short-term loans to banks to 0.05% from 0.15% and lowered its growth forecasts for 2014 and 2015. The ECB also announced plans to buy asset-backed securities, which the central bank's president Mario Draghi said will have a “sizable” impact on its balance sheet without providing further details on the size of the planned purchases. COMPANY NEWS: Shares of oil major BP (BP) trading in New York fell about 6% after a federal judge ruled that the company acted with "gross negligence" in causing the Gulf of Mexico spill in 2010 that was the biggest offshore oil spill in U.S. history. U.S. District Judge Carl Barbier, who held a trial without a jury over who was at fault, also found Transocean (RIG) and Halliburton (HAL) "negligent," but rested much more of the blame on BP, with 67% of the liability assigned to BP, 30% to Transocean and 3% to Halliburton. Afterward, BP said it "strongly disagrees" with the decision and will immediately appeal. MAJOR MOVERS: Among the notable gainers following their earnings reports were Mattress Firm (MFRM), which rose 12%, and Methode Electronics (MEI), which gained 16%. Also higher was Bolt Technology (BOLT), which surged 36% after the company agreed to be acquired by Teledyne Technologies (TDY) for $22.00 per share in cash. Shares of Teledyne advanced nearly 2% following last night's deal announcement. Among the noteworthy losers was Matrix Service (MTRX), which dropped 21% after its earnings for the just completed quarter and its profit forecast for its new fiscal year fell short of analysts' expectations. Also lower following their earnings reports were Ciena (CIEN), which fell over 7%, and Shoe Carnival (SCVL), which dropped more than 10%. INDEXES: Near midday, the Dow was up 43.83, or 0.26%, to 17,122.11, the Nasdaq was up 15.15, or 0.33%, to 4,587.71, and the S&P 500 was up 5.23, or 0.26%, to 2,005.95.
10:59 EDTCIENOptions with decreasing implied volatility
Options with decreasing implied volatility: BIG GES CONN PAY ANF CIEN SPLK OVTI WDAY NAV
10:44 EDTCIENHigh option volume stocks
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10:32 EDTCSCOCisco, Red Hat expand relationship, launch solution for OpenStack
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09:06 EDTCIENOn The Fly: Pre-market Movers
UP AFTER EARNINGS: PVH Corp. (PVH), up 9%... Verifone (PAY), up 3.8%... Methode Electronics (MEI), up 13%... Bazaarvoice (BV), up 9%. ALSO HIGHER: Bolt Technology (BOLT), up 35.7% after Teledyne (TDY) agrees to acquire the company for $22 per share in cash... Mitek Systems (MITK), up 58% after USAA lawsuit settlement... Tibco Software (TIBX), up 7% after announcing that it is reviewing strategic alternatives... Stereotaxis (STXS), up 22% after receiving FDA clearance for Vdrive with V-Loop system... NewLink (NLNK), up 3.4% after reporting FDA approval for Phase 1 clinical studies of Ebola vaccine. DOWN AFTER EARNINGS: Ciena (CIEN), down 3%... Joy Global (JOY), down 1%... Matrix Service (MTRX), down 11%... Mobileye (MBLY), down 1.3%. ALSO LOWER: Yum! Brands (YUM), down 2.8% after updating third quarter China division same-store sales guidance... 3D Systems (DDD), down 2.9% after downgraded at Pacific Crest... GoPro (GPRO), down 3.5% after downgraded at JPMorgan... Shanda Games (GAME), down 4% after announcing reconstitution of special committee.
07:02 EDTCIENCiena sees Q4 revenue $570M-$610M, consensus $628.88M
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07:01 EDTCIENCiena reports Q3 adjusted EPS 32c, consensus 29c
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