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Stock Market & Financial Investment News

News Breaks
May 28, 2014
08:03 EDTINVN, HSTM, VVTV, SSYS, PRLB, AKRX, POWR, SHOR, CALD, EGHTCraig-Hallum to hold a conference
Institutional Investor Conference is being held in Minneapolis on May 28.
News For INVN;CALD;SHOR;POWR;AKRX;PRLB;SSYS;VVTV;HSTM;EGHT From The Last 14 Days
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October 23, 2014
11:04 EDTPRLBProto Labs Q3 miss, weak guidance due entirely to Europe, says Piper Jaffray
Piper Jaffray believes Proto Labs' Q3 earnings miss and lower than consensus Q4 guidance are "entirely related" to Europe's weak economy and don't reflect structural or competitive problems. The firm lowered its price target on Proto Labs to $72 from $90, but reiterates its Overweight rating on the shares, which it said it would buy on today’s pullback.
08:51 EDTPRLBProto Labs sees Q4 EPS 40c-44c, consensus 49c
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08:47 EDTPRLBProto Labs expects to have CEO replacement on-board by year end
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08:38 EDTPRLBProto Labs says future forecasts to be conservatives until Europe improves
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07:52 EDTSSYSStratasys positioned for good Q3, solid Q4, says Jefferies
Jefferies says its reseller survey indicates Stratasys (SSYS) had a good Q3 and is set for a solid Q4, in contrast to peer 3D Systems (DDD). The firm notes it survey suggests Stratasys is discounting more than 3D, which it attributes to the company reinvesting currency benefits. Jefferies says Stratasys remains its top pick. It has a Buy rating on the stock with a $155 price target.
07:45 EDTAKRXAkorn looks positive into Q3 results, says RBC Capital
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06:04 EDTPRLBProto Labs reports Q3 adjusted EPS 44c, consensus 47c
Reports Q3 revenue $54.6M, consensus $55.74M.
October 22, 2014
16:57 EDTEGHT8x8, Inc. raises FY15 revenue growth view to approximately 26%
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16:52 EDTEGHT8x8, Inc. reports Q2 MMR up 59% YoY
New monthly recurring revenue, MRR, sold by channel and mid-market sales increased 59% year-over-year, representing 44% of new MRR sold in the quarter, compared with 33% in the same period last year.
16:50 EDTEGHT8x8, Inc. reports Q2 service revenue up 30% YoY to $36.1M
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16:12 EDTEGHT8x8, Inc. reports Q2 EPS 5c, consensus 3c
Reports Q2 revenue $39.6M, consensus $39.51M.
10:09 EDTSSYSOn The Fly: Analyst Initiation Summary
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October 21, 2014
16:17 EDTSSYSStratasys initiated with a Perform at Oppenheimer
14:04 EDTINVNEarnings Preview: Analysts divided on Broadcom ahead of Q3 report
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October 20, 2014
16:35 EDTHSTMHealthstream updates subscriber use for subscription-based solutions
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16:32 EDTHSTMHealthstream reports Q3 EPS 12c, consensus 8c
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11:12 EDTSHORShoreTel confirms receipt of unsolicited proposal from Mitel
ShoreTel (SHOR) confirmed that it has received an unsolicited proposal from Mitel Networks Corporation (MITL) to acquire all of the outstanding shares of the Company for $8.10 per share in cash. Consistent with its fiduciary duties, ShoreTel's board of directors, in consultation with its financial and legal advisors, will carefully review and evaluate the Proposal and determine the course of action that it believes is in the best interest of the Company's stockholders. ShoreTel advises stockholders not to take any action at this time pending the review of the Proposal by the Company's board of directors.
09:22 EDTSHOROn The Fly: Pre-market Movers
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08:05 EDTSHORMitel proposes to acquire ShoreTel for $8.10 per share in cash
Mitel (MITL) disclosed that it has made a proposal to the ShoreTel (SHOR) board to acquire all of the outstanding shares of ShoreTel common stock for $8.10 per share in cash, representing a total equity value of approximately $540M. This offer represents a 24% premium to ShoreTel's closing stock price on October 17, and a 30% premium to ShoreTel's enterprise value. Richard McBee, president and CEO of Mitel stated, "The business communications market is rapidly consolidating and Mitel has clearly stated that we intend to be a consolidator in this market. We see a compelling opportunity to bring together two market innovators with strong and complementary market footprints, particularly in the U.S. where ShoreTel does more than 90% of its business, in a way that delivers significant value and opportunities to the shareholders, customers and employees of both companies. We are disappointed that the ShoreTel Board has rejected our proposal and refused to engage with us. Mitel continues to believe that the proposal offers ShoreTel shareholders an attractive premium. We remain open to constructive and progressive discussions and for that reason I have advised the ShoreTel Board that our proposal will remain open until 5pm EST on November 20."
08:03 EDTSHORMitel proposes to acquire ShoreTel for $8.10 per share in cash
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