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Stock Market & Financial Investment News

News Breaks
July 30, 2014
07:21 EDTIPHIInphi to acquire Cortina Systems for $52.5M cash, $73.5M stock
Inphi and Cortina Systems announced they have entered into a definitive agreement, under which Inphi will acquire Cortina's High-Speed Interconnect and Optical Transport product lines for $52.5M in cash and $73.5M in stock. The acquisition does not include Cortina's Access and Digital Home business, which is currently scheduled to be divested prior to the acquisition close and will continue as an independent company. The transaction is expected to close in late September or October. The acquisition is expected to add an additional $20M in revenue per quarter at higher gross margins than Inphi's gross margins. The company expects 50% improvement in total quarterly operating income as a percentage of revenue on a non-GAAP basis.
News For IPHI From The Last 14 Days
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June 24, 2015
10:00 EDTIPHIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Autoliv (ALV) downgraded to Sell from Neutral at Goldman... Catamaran (CTRX) downgraded to Neutral from Buy at UBS... Citi (C) downgraded to Hold from Buy at Deutsche Bank... Esperion (ESPR) downgraded to Neutral from Outperform at Credit Suisse... Fortinet (FTNT) downgraded to Neutral from Buy at Citi... General Motors (GM) downgraded to Neutral from Buy at Goldman... Goldman Sachs (GS) downgraded to Hold from Buy at Deutsche Bank... IBERIABANK (IBKC) downgraded to Neutral from Outperform at Baird... Independent Bank (INDB) downgraded to Underperform from Neutral at Baird... Inphi (IPHI) downgraded to Market Perform from Outperform at Northland... MoneyGram (MGI) downgraded to Neutral from Outperform at Macquarie... Sensata (ST) downgraded to Hold from Buy at Cross Research... Teradyne (TER) downgraded to Buy from Conviction Buy at Goldman... Alcobra (ADHD) downgraded to Hold from Speculative Buy at WBB Securities.
08:29 EDTIPHIInphi downgraded to Market Perform from Outperform at Northland
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