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Stock Market & Financial Investment News

News Breaks
January 2, 2013
19:16 EDTMLNX, TESS, AMID, LNDCOn The Fly: After Hours Movers
UP AFTER EARNINGS: Landec Corporation (LNDC), up 6% after earnings, raising FY13 guidance... ALSO HIGHER: TESSCO (TESS), up 2.4% after the company provided Q3 revenue guidance above current Street estimates... DOWN AFTER GUIDANCE: Mellanox (MLNX), down 11% after lowering its Q4 revenue view... ALSO LOWER: American Midstream Partners (AMID), down 5% after providing an update on items that affected Q4.
News For LNDC;TESS;MLNX;AMID From The Last 14 Days
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January 29, 2015
08:00 EDTMLNXMellanox price target raised to $63 from $53 at Stifel
Stifel increased its price target on Mellanox after the company reported stronger than expected Q4 results. The firm expects the company to benefit from an ongoing data center upgrade cycle well into 2016, and keeps a Buy rating on the shares.
06:18 EDTMLNXMellanox filed revised financial statements to correct errors in FY11-FY13
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January 28, 2015
18:21 EDTMLNXOn The Fly: After Hours Movers
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16:13 EDTMLNXMellanox sees Q1 revenue $140M-$145M, consensus $135.36M
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16:12 EDTMLNXMellanox reports Q4 EPS 59c, consensus 44c
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January 27, 2015
10:00 EDTMLNXOn the Fly: Analyst Downgrade Summary
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05:03 EDTMLNXMellanox downgraded to Hold from Buy at Jefferies
Jefferies downgraded Mellanox to Hold citing limited upside potential to its $50 price target.
January 23, 2015
17:13 EDTAMIDSalient Capital reports 7.09% passive stake in American Midstream Partners
January 22, 2015
16:10 EDTAMIDAmerican Midstream Partners sees 2014 EBITDA at low end of guidance
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January 16, 2015
08:51 EDTMLNXMellanox has positive outlook from Intel results, says Stifel
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January 15, 2015
18:28 EDTTESSOn The Fly: After Hours Movers
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16:11 EDTTESSTESSCO does not see carriers renew spending until early in its FY16
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16:09 EDTTESSTESSCO sees Q4 revenue decline, withdraws FY15 guidance
“Due to the continued expected softness in the carrier space, we expect to see a decline in year-over-year revenue in the fourth quarter. As a result of the challenging business environment and the short-term costs associated with some of the expense reduction efforts underway, we are not providing earnings guidance for our fourth fiscal quarter, and we are withdrawing our Fiscal 2015 guidance. Also, our fourth quarter is historically our seasonally weakest of the year, so we are expecting an earnings decline from the third quarter. We fully expect to issue earnings guidance for fiscal year 2016, which begins in April, when we release earnings results for fiscal 2015. While we are disappointed with our third-quarter results, we believe in our opportunities in wireless, our business strategy, and our solid business fundamentals, capabilities and capacity. Our balance sheet remains strong, and we will continue our quarterly 20c per share dividend,” CEO Robert Barnhill said. Q4 EPS and revenue consensus are 28c and $133.24M, respectively.
16:07 EDTTESSTESSCO reports Q3 EPS 20c, consensus 35c
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16:02 EDTTESSTESSCO trading halted, pending news
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