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July 1, 2014
10:01 EDTXRX, SYMC, MPO, GS, DECK, TGI, SHO, MNKD, GNRC, BNPQY, URBN, TWX, BSBR, HCCI, BEN, FOXAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 21st Century Fox (FOXA) downgraded to Buy from Conviction Buy at Goldman... BNP Paribas (BNPQY) downgraded to Hold from Buy at Societe Generale... Deckers Outdoor (DECK) downgraded to Neutral from Outperform at Macquarie... Franklin Resources (BEN) downgraded to Neutral from Buy at UBS... Generac (GNRC) downgraded to Neutral from Buy at BofA/Merrill... Goldman Sachs (GS) downgraded at Bernstein... Heritage-Crystal Clean (HCCI) downgraded to Neutral from Outperform at RW Baird... MannKind (MNKD) downgraded to Hold from Buy at MLV & Co.... Midstates Petroleum (MPO) downgraded to Market Perform from Outperform at Northland... Santander Brasil (BSBR) downgraded to Neutral from Outperform at Credit Suisse... Sunstone Hotel (SHO) downgraded to Market Perform from Outperform at Wells Fargo... Symantec (SYMC) downgraded at BMO Capital... Time Warner (TWX) downgraded to Neutral from Buy at Goldman... Triumph Group (TGI) downgraded at RBC Capital... Urban Outfitters (URBN) downgraded at Wedbush... Xerox (XRX) downgraded to Neutral from Buy at Citigroup.
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February 17, 2015
16:27 EDTSHOSunstone Hotel reports Q4 FFO 27c, consensus 27c
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13:18 EDTTWXOmega Advisors gives quarterly update on stakes
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12:56 EDTFOXADecline of TV viewing accelerated, NY Post reports
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08:34 EDTSYMCImprivata announces partnership with Symantec
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07:22 EDTSYMCMitsubishi UFJ to hold a tour
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07:15 EDTFOXA'Fifty Shades' opens to $94.4M, WSJ says
Comcast (CMCSA, CMCSK) subsidiary Universal's "Fifty Shades of Grey" earned roughly $94.4M in its opening weekend, reports the Wall Street Journal. The film earned an additional $172M overseas. Fox' (FOX, FOX.A) "Kingsman: The Secret Service" debuted in second place with $42M, and Viacom (VIA, VIA.B) subsidiary Paramount's "SpongeBob SquarePants: Sponge Out of Water" took $40M in its second week. Reference Link
07:12 EDTTGITriumph Group coverage assumed with an Outperform at Credit Suisse
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06:39 EDTGSBanks settle claims related to mortgage securities, Reuters says
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06:25 EDTBNPQYBNP Paribas Chairman says changes needed across industry, Financial Times says
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February 15, 2015
17:43 EDTSYMCCybersecurity firm Kaspersky warns of cyber attack on banks, FT says
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February 13, 2015
16:58 EDTTWXGreenlight Capital gives quarterly update on stakes
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February 12, 2015
15:38 EDTGSFed to release results from latest bank stress tests in March
The Federal Reserve Board on Thursday announced that results from the latest supervisory stress tests conducted as part of the Dodd-Frank Act will be released on Thursday, March 5, and the related results from the Comprehensive Capital Analysis and Review, CCAR, will be released on Wednesday, March 11. Results for both exercises will be released at 4:30 p.m. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
14:05 EDTSYMCFireEye rallies after Q4 results surpass analysts' estimates
Shares of cybersecurity firm FireEye are trading higher after reporting fourth quarter earnings and revenue that surpassed analysts' consensus estimates. WHAT'S NEW: FireEye reported a Q4 earnings per share loss of (38c) compared to estimates of (49c). FireEye reported Q4 revenue of $143M, beating analysts average estimates of $141.4M. Q4 billings were $212.6M, above the previously issued guidance range of $195M to $210M. FireEye's guidance for first quarter and fiscal year 2015 results were in-line with expectations. "In 2014, we brought together the industry's best technology, security expertise, and threat intelligence to protect organizations from advanced targeted attacks. We responded to nearly every high profile breach in the U.S., and we established strategic relationships with Global 2000 customers and partners around the world," said David DeWalt, CEO and chairman of FireEye. "Our growth over the last four quarters reflects the competitive differentiation of our security platform and incident response capabilities, as well as our sales execution and operational discipline. The market for our advanced security solutions continues to expand, and we believe we enter 2015 well positioned to extend our leadership and market share gains with innovative new solutions such as FireEye-as-a-Service and the FireEye Endpoint Threat Prevention Platform," added DeWalt. WHAT'S NOTABLE: FireEye, which has failed to turn a profit since making its market debut in 2013, is down from nearly $100 per share last year to trading near the $40 per share level currently. Shares of the cybersecurity firm rallied to nearly $100 per share early in 2014 after announcing the acquisition of privately held Mandiant, the leading provider of advanced endpoint security products. Insider sales and disappointing earnings in the ensuing quarters after the Mandiant acquisition sent shares precipitously lower during 2014. ANALYST REACTION: There were a number of positive reactions from analyst firms this morning, including those from JP Morgan, Goldman Sachs, and FBR Capital. Goldman said FireEye reported an in-line Q4 report with its estimates. The firm added that is believes FireEye has invested to build a broad platform and global sales footprint that positions it to capitalize on industry spending tailwinds and expects more improvements in margin growth. Goldman has shares Buy rated with a $44 price target, up from $41. PRICE ACTION: In early afternoon trading, FireEye was up $4.40, or 12%, to $40.05. OTHERS TO WATCH: Peers of Fire Eye include: Palo Alto Networks (PANW), Check Point Software Technologies (CHKP), Symantec Corporation (SYMC), and Fortinet (FTNT).
12:39 EDTSYMCFireEye considered an 'emergency responder' in cyber threats, AP says
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10:39 EDTMNKDOptions with increasing implied volatility
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10:00 EDTURBNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ally Financial (ALLY) upgraded to Outperform from Market Perform at Bernstein... BGC Partners (BGCP) upgraded to Outperform from Market Perform at Keefe Bruyette... Ballard Power (BLDP) upgraded to Buy from Hold at Lake Street... Copa Holdings (CPA) upgraded to Buy from Hold at Deutsche Bank... HubSpot (HUBS) upgraded to Overweight from Neutral at JPMorgan... INC Research (INCR) upgraded to Outperform from Neutral at RW Baird... Mosaic (MOS) upgraded to Buy at UBS... NICE Systems (NICE) upgraded to Equal Weight from Underweight at Barclays... Skechers (SKX) upgraded to Neutral from Underperform at Buckingham... TubeMogul (TUBE) upgraded to Buy from Neutral at Citigroup... Urban Outfitters (URBN) upgraded to Buy from Neutral at Goldman... Willis Group (WSH) upgraded at Morgan Stanley.
09:22 EDTFOXANews Corp. names David Pitofsky as general counsel, Chief Compliance Officer
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09:03 EDTFOXAAmazon says Sling TV, Fox Sports GO now available on Fire TV
Amazon (AMZN) announced that Fire TVs selection is up 5x since its launch in April, with 2015 best-of-CES Sling TV (DISH) now available for download as well as other popular services and games such as FOX Sports GO (FOXA), TED, WSJ Live, Crossy Road, and Game of Thrones A Telltale Games Series.
06:30 EDTGSSEC investigates disclosures tied to Icahn takeover of CVR, Reuters reports
The SEC is investigating whether CVR Energy (CVI) made misleading disclosures to investors during its unsuccessful defense against Carl Icahn's hostile takeover in 2012, reports Reuters. Citing a filing with the U.S. District Court in Manhattan, the SEC is examining whether the company properly characterized the fees it agreed to pay Goldman Sachs (GS) and Deutsche Bank (DB). Reference Link
05:33 EDTURBNUrban Outfitters upgraded to Buy from Neutral at Goldman
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