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Stock Market & Financial Investment News

News Breaks
January 24, 2014
10:53 EDTJNPR, CSCOJuniper hits 52-week high after better than expected results, new operating plan
Shares of network infrastructure provider Juniper Networks (JNPR) are rallying after the company reported better than expected results and announced the pending release of a new operational plan. WHAT'S NEW: Last night, Juniper reported preliminary fourth quarter earnings of 43c per share and revenue of $1.27B, exceeding expectations of 37c and $1.22B, respectively. The company gave in-line guidance for the first quarter. On Juniperís fourth quarter earnings conference call, CEO Shaygan Kheradpir said the company will announce a new operational plan within 3-4 weeks, including discrete milestones. WHATíS NOTABLE: Last night, in a letter to Juniper, activist investor Jana Partners backed Elliot Managementís recent plan to unlock significant shareholder value by cost realignment, capital return to shareholders, and the optimization of Juniperís product portfolio. ANALYST REACTION: This morning, analyst commentary was overwhelmingly positive. Three firms -- William Blair, Barclays, and Goldman Sachs -- upgraded Juniper after the companyís better than expected results and announcement of its new operating plan. Another firm, Cantor, raised its price target on the shares to $35 from $30.50. Cantor said the stock's valuation was attractive, and believed the shares could advance meaningfully over the next year. It kept a Buy rating on the stock. PRICE ACTION: Juniper rose $2.42, or 9.3%, to $28.43 on nearly twice its average daily trading volume in morning trading. Earlier in the session, the stock hit a fresh 52-week high of $28.58. Over the past twelve months, the stock is up approximately 33%. OTHERS TO WATCH: Juniperís main competitor in the network space is Cisco Systems (CSCO).
News For JNPR;CSCO From The Last 14 Days
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July 24, 2015
05:49 EDTJNPRStocks with implied volatility movement; NTAP JNPR
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July 23, 2015
20:03 EDTJNPRJuniper stock jumps after better-than-expected Q2 earnings, Q3 guidance
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19:06 EDTJNPROn The Fly: After Hours Movers
UP AFTER EARNINGS: Amazon (AMZN), up 17.2%... Marketo (MKTO), up 15.4%... Juniper Networks (JNPR), up 9.9%... NetGear (NTGR), up 9.2%... Qlik Technologies (QLIK), up 9.1%... LogMeIn (LOGM), up 9.9%... Pandora (P), up 10.3%... Mitek Systems (MITK), up 7.8%... Proofpoint (PFPT), up 5.1%... Supreme Industries (STS), up 4.7%... Skyworks (SWKS), up 3.6%... IGI Laboratories (IG), up 3.7%... Maxim Integrated Products (MXIM), up 4.1%... Boyd Gaming (BYD), up 4.1%... Trinity Industries (TRN), up 5%... Trinity Industries (N), up 3.2%... Starbucks (SBUX), up 4.5%. ALSO HIGHER: Qorvo (QRVO), up 2.7% after Skyworks reported quarterly results. DOWN AFTER EARNINGS: TrueCar (TRUE), down 33.1% after reporting quarterly results and cutting fiscal 2015 revenue guidance... Tripadvisor (TRIP), down 9.2%... Align Technology (ALGN), down 7.4%... Capital One (COF), down 4.9%... PMC-Sierra (PMCS), down 9.1%... athenahealth (ATHN), down 2.1%. ALSO LOWER: Sunesis Pharmaceuticals (SNSS), down 59.7% after giving vosaroxin regulatory update... Avalanche Biotechnologies (AAVL), down 5.6% after CEO Thomas Chalberg, Jr., Ph.D. resigns and Hans Hull name interim CEO.
17:08 EDTJNPRJuniper up over 10% after reporting Q2 results, giving Q3 guidance
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16:21 EDTJNPRJuniper sees Q3 EPS 50c-54c, consensus 46c
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16:19 EDTJNPRJuniper reports preliminary Q2 EPS 53c, consensus 40c
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15:04 EDTJNPRNotable companies reporting after market close
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14:08 EDTJNPRJuniper July weekly 26.5 straddle priced for 7.9% movement into Q2
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12:51 EDTJNPRJuniper technical notes ahead of results
On a long-term chart, 5-year basis, the stock has been basing with a bullish bias since late 2011. The $25 level has become an important price point around which there are pivots. A move back below $25 on bearish news could send price back to the lows of the recent range, which have support at $20. If the news is a bullish surprise, a reaction away from current price, $26.39, could take the stock to the top of the recent range at $28.75. If the news were sufficiently strong, a run to the $30 area might be possible. The $30 level has not been seen since mid-2011. It would be a very bullish move that could put the shares back on a stronger bullish price path. Resistance above $30 would be at $30.63.
06:15 EDTCSCOTechnicolor to acquire Cisco's connected devices unit for EUR550M
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July 22, 2015
11:56 EDTJNPRJuniper July weekly volatility elevated into Q2 and outlook
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July 21, 2015
14:24 EDTCSCOEarnings Watch: EMC reports amid M&A speculation in sector
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July 17, 2015
07:05 EDTCSCOCisco management to meet with Deutsche Bank
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July 16, 2015
09:08 EDTCSCOGE unveils high-speed network infrastructure for industrial internet connection
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07:15 EDTCSCOCisco management to meet with Deutsche Bank
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July 15, 2015
08:03 EDTJNPRJuniper names Bob Worrall as SVP, Chief Information Officer
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07:24 EDTCSCOCisco management to meet with Deutsche Bank
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July 14, 2015
07:07 EDTCSCOCisco management to meet with Deutsche Bank
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July 13, 2015
07:42 EDTCSCOCisco, F5 to benefit from strong IT, data networking spending, says Bernstein
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07:32 EDTCSCOCisco management to meet with Deutsche Bank
Meeting to be held in London on July 13 hosted by Deutsche Bank.
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