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Stock Market & Financial Investment News

News For ARUN;TSN;WMGI;LOW;CSCO;BMTI From The Last 14 Days
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February 25, 2015
17:50 EDTWMGIWright Medical sees FY15 adjusted EPS ($1.67)-($1.77), consensus (95c)
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17:48 EDTWMGIWright Medical reports Q4 adjusted EPS (25c), consensus (27c)
Reports Q4 revenue $83.3M, consensus $84.01M.
16:38 EDTARUNOn The Fly: Closing Wrap
The Wall Street averages had a relatively quiet open and remained in a tight range for most of the session. The market moved to the high end of its range by mid-afternoon, which pushed the Dow and S&P to new highs and the Nasdaq ever closer to its 5,000 level. There was little momentum behind the move and the averages eventually faded, closing nearly unchanged for the session. ECONOMIC EVENTS: In the U.S., new home sales slipped 0.2% to a 481K annual pace in January, which was better than the expected 2.3% decline to a 471K rate. The DOE petroleum inventory report showed crude stockpiles grew by 8.4M barrels in the week of February 20, versus expectations for a 4M barrel increase. In China, HSBC and Markit's flash purchasing managers' index for February came in at 50.1, which was above the consensus outlook of 49.7 and represented a four month high. COMPANY NEWS: Shares of Hewlett-Packard (HPQ) dropped $3.82, or 9.92%, to $34.67 after the PC, printer and server maker reported lower than expected Q1 revenue and cut its FY15 EPS view and free cash flow outlook, citing separation costs and foreign exchange headwinds. However, analysts at Citigroup, Bernstein, and Brean Capital all recommended buying the stock on weakness in separate notes to investors today. Later in the day, Bloomberg reported, citing sources, that HP is in talks to make its biggest acquisition in several years by potentially acquiring Aruba Networks (ARUN), sending shares of the WiFi equipment maker up $3.86, or 21.0%, to $22.24. Shares of Aruba competitor Ruckus Wireless (RKUS) also gained 66c, or 5.89%, to $11.86 after Bloomberg's report on potential M&A in their space... Chesapeake Energy (CHK) slid $1.90, or 9.56%, to $17.98 after reporting worse than expected earnings amid the recent plunge in energy prices and announcing lower capital spending plans for 2015. MAJOR MOVERS: Among the notable gainers was Benefitfocus (BNFT), which jumped $10.85, or 47.24%, to $33.82 after reporting Q4 earnings and disclosing that Marsh & McLennan (MMC) subsidiary Mercer took a 9.9% stake in the company. Also higher was SFX Entertainment (SFXE), which gained $1.09, or 29.46%, to $4.79 after the company’s Chairman and CEO, Robert Sillerman, offered to acquire all of the outstanding shares of common stock of the company not already owned by him for $4.75 per share in cash. SFX Entertainment confirmed that it received the proposal and established a special committee to review and negotiate the nonbinding offer. Among the noteworthy losers was Lumber Liquidators (LL), which plunged $18.15, or 26.39%, to $50.63 after reporting Q4 earnings per share and revenue that missed consensus expectations, warning on its associated call that an upcoming "60 Minutes" piece may cast the company in an unfavorable light, and disclosing in its annual report that the Department of Justice indicated in recent communications that it is contemplating seeking criminal charges under the Lacey Act. Also lower following their earnings reports were shares of Republic Airways (RJET), which fell $2.17, or 14.49%, to $12.81, and LendingClub (LC), which dropped $3.14, or 13.28%, to $20.51. INDEXES: The Dow added 15.38, or 0.08%, to 18,224.57, the Nasdaq slipped 0.98, or 0.02%, to 4,967.14, and the S&P 500 dropped 1.62, or 0.08%, to 2,113.86.
15:59 EDTARUNAruba Networks moderates after extreme price swings on HP bid news
It was reported by Bloomberg near 3pm ET that Hewlett-Packard (HPQ) was in talks to buy the company. The shares remain up over 20% to $22.13 after hitting an intraday high at $23.49, close to the 52-week high at $23.90. The low to watch as support is at $21.07, the top of the intraday price gap.
15:40 EDTARUNAruba Networks a strong takeout candidate, says Northland
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15:08 EDTARUNRuckus Wireless up 5.5% after report of peer Aruba Networks in takeout talks
15:07 EDTARUNAruba Networks in talks to be acquired by Hewlett-Packard, Bloomberg says
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15:04 EDTARUNAruba Networks jumps 10.5%, halted after report on HP takeover talks
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15:03 EDTARUNAruba Networks in talks to be bought by Hewlett-Packard, Bloomberg says
09:53 EDTCSCOCredit Suisse technology analysts hold an analyst/indusr
Analysts provide takeaways from Qualcomm, Cisco and Arista Networks on an Analyst/Industry conference call to be held on February 25 at 10 am.
09:25 EDTCSCOCisco, Apple among U.S. names cut from China state buying list, Reuters says
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09:24 EDTLOWLowe's expects to report highest comp for FY15 in Q1
Expects higher comps in 1H15 than 2H15. Comments taken from Q4 earnings conference call.
09:18 EDTLOWLowe's expects jobs, incomes, household financial conditions to improve in 2015
The company said key drivers of home improvement spending are real disposable personal income, employment, home prices and housing turnover. It expects stronger income gains, historically low mortgage rates, and moderating home price growth will provide more support to home buying in 2015. Comments taken from slides for Q4 earnings conference call.
08:47 EDTLOWLowe's: Momentum, macro fundamentals aligned for 2015 modestly stronger growth
06:03 EDTLOWLowe's sees FY15 EPS $3.29, consensus $3.28
Sees FY15 total sales to increase 4.5%-5%, consensus $58.52B; Sees FY15 comparable sales to increase 4%-4.5%. The company expects to open 15-20 home improvement and hardware stores in 2015. Sees FY15 earnings before interest and taxes as a percentage of sales to increase 80 to 100 basis points. Sees FY15 effective income tax rate to be approximately 38.1%.
06:02 EDTLOWLowe's reports Q4 EPS 46c, consensus 44c
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February 24, 2015
15:21 EDTLOWNotable companies reporting before tomorrow's open
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12:58 EDTLOWEarnings Preview: Lowe's up over 17% since last earnings report
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February 23, 2015
07:51 EDTLOWLowe's March volatility elevated into Q4 and outlook
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February 22, 2015
18:09 EDTCSCOArista Networks shares could be a bargain, Barron's says
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