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Stock Market & Financial Investment News

News Breaks
March 19, 2014
12:21 EDTBRCD, RDWR, JNPR, PKT, FFIV, ALLT, CSCOJuniper climbs following Wells Fargo upgrade
Shares of Juniper (JNPR) are rising after Wells Fargo upgraded the stock in a note to investors earlier today. Juniper offers routing and switching products that are used to control and direct network traffic and sells solutions to protect the users, applications and data on customers' networks. WHAT'S NEW: After meeting with Juniper's new CEO, Wells Fargo analyst Jess Lubert is more confident that the company is well-positioned to capitalize on what he sees as likely strong spending by carriers this year. Juniper's benefits from strong carrier spending should offset challenges the company could face as it makes changes to capitalize on opportunities presented by cloud and data center trends, Lubert contended. Meanwhile, Juniper is on track to meet its goal of cutting costs and returning a minimum of $3B to shareholders over the next three years through share repurchases and dividends, the analyst believes. As Juniper makes progress towards meeting those goals, its stock could increase significantly, Lubert forecast. The analyst finds Juniper's valuation attractive and upgraded the stock to Outperform from Market Perform while increasing his price target range on the stock to $30-$32 from $28-$30. OTHERS TO WATCH: Other companies that develop solutions for networks include Cisco (CSCO), F5 Networks (FFIV), Radware (RDWR), Allott Communications (ALLT), Procera (PKT), and Brocade (BRCD). PRICE ACTION: In early afternoon trading, Juniper rose 59c, or 2.3%, to $26.50.
News For JNPR;CSCO;FFIV;RDWR;ALLT;PKT;BRCD From The Last 14 Days
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April 23, 2015
15:45 EDTPKTCastle Union lowers stake in Procera Networks to 1.3% from 6.6%
15:00 EDTJNPRJuniper April weekly 24 straddle priced for 5.5% movement into Q1
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10:00 EDTFFIVOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ADTRAN (ADTN) downgraded to Hold from Buy at Needham... Angie's List (ANGI) downgraded to Underperform from Market Perform at Northland... BG Group (BRGYY) downgraded to Hold from Overweight at HSBC... Brink's (BCO) downgraded to Neutral, sees 'imminent' downside risk, says Macquarie... Citrix (CTXS) downgraded to Hold from Buy at Evercore ISI... Cognex (CGNX) downgraded to Perform from Outperform at Oppenheimer... Cytec Industries (CYT) downgraded to Equal-Weight from Overweight at First Analysis... Enbridge (ENB) downgraded to Neutral from Outperform at Credit Suisse... Ensco (ESV) downgraded to Underweight from Equal Weight at Morgan Stanley... F5 Networks (FFIV) downgraded to Neutral from Buy at MKM Partners... Fulton Financial (FULT) downgraded to Market Perform from Outperform at Keefe Bruyette... Halcon Resources (HK) downgraded to Neutral from Outperform at Baird... Heartland Express (HTLD) downgraded on limited earnings growth at Raymond James... Informatica (INFA) downgraded to Market Perform from Outperform at JMP Securities... Knight Transportation (KNX) downgraded to Outperform from Strong Buy at Raymond James... LegacyTexas Financial (LTXB) downgraded to Outperform from Strong Buy at Raymond James... Masco (MAS) downgraded to Neutral from Buy at Citigroup... MobileIron (MOBL) downgraded to Equal Weight from Overweight at Morgan Stanley... Noble Corp. (NE) downgraded to Underweight from Equal Weight at Morgan Stanley... Omnicare (OCR) downgraded to Neutral from Outperform at Credit Suisse... Owens Corning (OC) downgraded to Sell from Neutral at Citigroup... Qualcomm (QCOM) downgraded to Neutral from Outperform at Exane BNP Paribas... RAM Energy (RAME) downgraded to Neutral from Outperform at Baird... Repsol (REPYY) downgraded to Reduce from Hold at HSBC... Stillwater Mining (SWC) downgraded on lack of catalysts at BB&T... Texas Capital (TCBI) downgraded to Outperform from Strong Buy at Raymond James... Texas Instruments (TXN) downgraded to Neutral from Buy at BofA/Merrill... Total (TOT) downgraded to Hold from Buy at Deutsche Bank... Transocean (RIG) downgraded to Underweight from Equal Weight at Morgan Stanley.
10:00 EDTFFIVOn The Fly: Analyst Upgrade Summary
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08:26 EDTFFIVF5 Networks risk/reward compelling, says Pacific Crest
Pacific Crest believes that the strong growth in F5's profits and free cash flows are far outpacing its revenue growth, which has been affected by tough comparisons. The firm thinks this situation creates a compelling risk/reward ratio, and it believes that the company's cash flows are underappreciated. It raised its price target on the name to $149 from $141 and keeps an Overweight rating on the shares.
08:21 EDTFFIVF5 Networks valuation attractive, says Wells Fargo
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07:06 EDTFFIVF5 Networks downgraded to Neutral on lower growth, CEO change at MKM Partners
As previously reported, MKM Partners downgraded F5 Networks to Neutral based on lower Q3 guidance and growth rates, increased secular concerns, and worries about the CEO Change.
06:46 EDTFFIVF5 Networks downgraded to Neutral from Buy at MKM Partners
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06:31 EDTFFIVF5 Networks upgraded to Buy from Hold at Needham
Needham upgraded F5 Networks to Buy with a $140 price target due to share weakness following the Q2 report. The firm shares shares are attractive on an expected stronger 2H driven by continued strong internal fundamentals, easier comps, and improving capex conditions.
April 22, 2015
19:14 EDTFFIVOn The Fly: After Hours Movers
UP AFTER EARNINGS: Select Comfort (SCSS), up 3.3%... Alliance Fiber Optic (AFOP), up 6.9%... eBay (EBAY), up 6.2%... Cheesecake Factory (CAKE), up 5.6%... O'Reilly Automotive (ORLY), up 3.8%... Corelogic (CLGX), up 3.2%... Skechers (SKX), up 2.5%... AT&T (T), up 1.3%. ALSO HIGHER: ARRIS Group (ARRS), up 24.9% after acquiring Pace plc. for $2.1B in cash and stock... Esperion Therapeutics (ESPR), up 2.5% after being initiated with an Outperform at RBC Capital... Uniqure (QURE), up 3.7% after being initiated with an Outperform at BMO Capital. DOWN AFTER EARNINGS: Texas Instruments (TXN), down 6.7%... Las Vegas Sands (LVS), down 4.2%... Oceaneering International (OII), down 3.7%... F5 Networks (FFIV), down 2.8%... Xilinx (XLNX), down 3.3%... Qualcomm (QCOM), down 3%... Facebook (FB), down 2.2%... Tractor Supply (TSCO), down 3.1%. ALSO LOWER: Noble Corp (NE), down 1.2% after being downgraded to Underweight from Equal Weight at Morgan Stanley.
16:15 EDTFFIVF5 Networks names Manny Rivelo as CEO, effective July 1
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16:14 EDTFFIVF5 Networks sees Q3 adjusted EPS $1.57-$1.60, consensus $1.59
Sees Q3 revenue $475M-$485M, consensus $489.42M.
16:13 EDTFFIVF5 Networks reports Q2 adjusted EPS $1.59, consensus $1.50
Reports Q2 revenue $472.1M, consensus $471.14M.
15:30 EDTFFIVNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include eBay (EBAY), consensus 70c... Facebook (FB), consensus 40c... Texas Instruments (TXN), consensus 62c... Las Vegas Sands (LVS), consensus 72c... Qualcomm (QCOM), consensus $1.33... AT&T (T), consensus 62c... F5 Networks (FFIV), consensus $1.50... Plexus (PLXS), consensus 69c... Skechers (SKX), consensus $1.01... Select Comfort (SCSS), consensus 41c... Tractor Supply (TSCO), consensus 41c... Covanta (CVA), consensus (8c)... Crown Castle (CCI), consensus $1.09... Torchmark (TMK), consensus $1.05... Ameriprise (AMP), consensus $2.33... Polycom (PLCM), consensus 21c... Citrix (CTXS), consensus 65c... Core Laboratories (CLB), consensus 85c... Graco (GGG), consensus 78c... Cheesecake Factory (CAKE), consensus 48c... Equifax (EFX), consensus $1.02... SLM (SLM), consensus 7c... Xilinx (XLNX), consensus 50c... O'Reilly Automotive (ORLY), consensus $1.94... Susquehanna (SUSQ), consensus 18c... Raymond James (RJF), consensus 83c... SL Green Realty (SLG), consensus $1.49... CoreLogic (CLGX), consensus 31c... Oceaneering (OII), consensus 62c... Valmont (VMI), consensus $1.49... Brandywine Realty (BDN), consensus 32c... Weatherford (WFT), consensus 1c.
14:08 EDTFFIVF5 Networks technical notes before results
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09:22 EDTPKTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: CalAmp (CAMP), up 12.7%... Angie's List (ANGI), up 17.4%... Broadcom (BRCM), up 6.3%... Owens Corning (OC), up 3.8%... Yum! Brands (YUM), up 3.3%... Dolby Laboratories (DLB), up 3.6%... Infinera (INFN), up 2.4%... AutoNation (AN), up 2.5%... Amgen (AMGN), up 3.1%... Coca-Cola (KO), up 2%. ALSO HIGHER: Procera Networks (PKT) up 10.4% after being acquired by Francisco Partners in deal valued at $240M... Organovo (ONVO), up 19.2% after entering into a collaboration agreement with Merck Sharp and Dohme... Vical (VICL), up 5.8% after being awarded $4M contract to manufacture HIV vaccines for clinical evaluation... CTI BioPharma (CTIC), up 4.9% after announcing that Phase 3 pacritinib data will be highlighted in a late-breaking oral presentation at ASCO meeting. DOWN AFTER EARNINGS: Chipotle Mexican Grill (CMG), down 5.2%... iRobot (IRBT), down 3.6%... Cree (CREE), down 3.5%... United Rentals (URI), down 4%... Super Micro Computer (SMC), down 2.3%... Thermo Fisher (TMO), down 2.6%. ALSO LOWER: Natural Resource Partners (NRP), down 14% after reducing quarterly distribution 75% to 9c per unit... Trinity Industries (TRN), down 3.5% following a Bloomberg report that the Justice Department has initiated a criminal investigation into Trinity guardrails.
06:32 EDTPKTProcera Networks to be acquired by Francisco Partners in deal valued at $240M
Procera Networks that it has signed a definitive agreement to be acquired by private funds managed by Francisco Partners Management, in an all-cash transaction valued at approximately $240M. Under the terms of the definitive agreement, Francisco Partners will commence a tender offer no later than May 5 to acquire all outstanding shares of Procera's common stock for $11.50 per share in cash. This represents a premium of approximately 21% over the closing price of Procera's common stock on April 21, and a premium of approximately 32% over the unaffected closing price on January 22, the last day prior to an article reporting the potential sale of the company. Procera's board has unanimously approved the transaction.
April 21, 2015
12:54 EDTJNPRJuniper April weekly volatility elevated into Q1 and outlook
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10:20 EDTJNPR, CSCOWells thinks carrier equipment vendors factored in weak capex
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08:23 EDTCSCOCisco results likely to beat expectations, says Bernstein
Bernstein expects Cisco to report stronger than expected results, due to strength in enterprise and commercial and continued momentum in switching, Bernstein believes that risks caused by service provider revenue was eliminated by the company's Q1 guidance, while currency fluctuations should not impact its near-term results. The firm keeps a $34 price target and Outperform rating on the shares.
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