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News Breaks
February 20, 2014
07:41 EDTIIntelsat sees FY14 CapEx $575M-$650M consistent with prior guidance
Sees 2015 CapEx $775M-$850M consistent with prior guidance. Sees FY16 CapEx $625M- $700M. The company said, "CapEx guidance for 2014 and 2015 assumes investment in nine satellites in the manufacturing or design phase during the guidance period. We expect to launch four satellites in FY14 and FY15, two satellites in FY16, and will continue work on three remaining satellites for which construction will extend beyond the Guidance Period. By the conclusion of the guidance period in FY16, the number of transponder equivalents is expected to increase by a compound annual growth rate of 4.5% as a result of the launch of the satellites covered by the guidance period. We will launch two of our new Intelsat EpicNG high-throughput satellites in FY15 and FY16, increasing our total transmission capacity. Our capital expenditures guidance includes capitalized interest."
News For I From The Last 14 Days
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February 27, 2015
09:58 EDTIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 500.com (WBAI) downgraded to Hold from Buy at Deutsche Bank... Akorn (AKRX) downgraded to Hold after share rally at Needham... Allscripts (MDRX) downgraded to Market Perform from Outperform at Leerink... Bank of America (BAC) downgraded to Neutral from Buy at UBS... Bill Barrett (BBG) downgraded to Hold from Buy at KLR Group... CA Technologies (CA) downgraded to Underperform from Neutral at Credit Suisse... CBOE Holdings (CBOE) downgraded at BofA/Merrill... CONE Midstream (CNNX) downgraded to Sector Perform from Outperform at RBC Capital... Calamos (CLMS) downgraded to Underperform from Neutral at Credit Suisse... Crane (CR) downgraded to Market Perform from Outperform at FBR Capital... Dick's Sporting (DKS) downgraded to Equal Weight from Overweight at Barclays... EnerNOC (ENOC) downgraded to Buy from Strong Buy at Needham... Hercules Offshore (HERO) downgraded to Sell from Buy at Deutsche Bank... Insulet (PODD) downgraded at Oppenheimer... Intelsat (I) downgraded to Underperform from Neutral at Credit Suisse... Laredo Petroleum (LPI) downgraded to Market Perform from Outperform at Northland... Mavenir Systems (MVNR) downgraded to Equal Weight from Overweight at Morgan Stanley... Memorial Production (MEMP) downgraded to Underperform from Perform at Oppenheimer... Mobileye (MBLY) downgraded to Neutral from Buy at Dougherty... NTELOS (NTLS) downgraded to Market Perform from Outperform at Wells Fargo... Ocwen (OCN) downgraded to Sell from Neutral at Compass Point... Pegasystems (PEGA) downgraded to Neutral from Buy at Merriman... Performant Financial (PFMT) downgraded to Neutral from Buy at Compass Point... Pharmacyclics (PCYC) downgraded to Neutral from Buy at Goldman... Potbelly (PBPB) downgraded to Underweight from Overweight at Piper Jaffray... SYNNEX (SNX) downgraded to Hold from Buy at Stifel... Safe Bulkers (SB) downgraded at Credit Suisse... Sarepta (SRPT) downgraded to Market Perform from Outperform at Cowen... Seadrill Partners (SDLP) downgraded to Sector Perform from Outperform at RBC Capital... Spirit Realty (SRC) downgraded at RBC Capital... Transocean (RIG) downgraded to Sector Perform from Outperform at Iberia... UIL Holdings (UIL) downgraded to Neutral from Outperform at RW Baird... WCI Communities (WCIC) downgraded to Neutral from Buy at Citigroup... Walter Investment (WAC) downgraded to Neutral from Outperform at Credit Suisse.
07:28 EDTIIntelsat downgraded at Credit Suisse
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06:42 EDTIIntelsat downgraded to Underperform from Neutral at Credit Suisse
February 26, 2015
06:07 EDTIIntelsat selected by Solar Impulse for first round-the-wold solar flight
Intelsat and ITC Global, provider of satellite communications to remote and harsh environments, will provide ground-to-ground satellite communication services to Solar Impulse during its first round-the-world solar flight. The Round-the-World Mission Flights will take place over five months from the beginning of March to the end of July 2015. Abu Dhabi will be the departing and landing destination.
February 23, 2015
15:08 EDTIIntelsat downgraded to Neutral from Buy at Nomura (pre-open)
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February 19, 2015
16:28 EDTIOn The Fly: Closing Wrap
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05:58 EDTIIntelsat downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded Intelsat to Underweight with a $12 price target citing the company's weaker than expected 2015 guidance and its belief 2016 revenue is likely to decline. Shares were also downgraded this morning at UBS.
05:52 EDTIIntelsat downgraded to Neutral from Buy at UBS
UBS downgraded Intelsat citing a lack of catalysts over the next 12 months and the company's high leverage following its Q4 results. UBS believes trends need to improve before shares outperform and cut its price target for the stock to $17 from $23.

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