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News For LOW;TSN;BMTI;WMGI;ARUN;CSCO From The Last 14 Days Check below for free stories on LOW;TSN;BMTI;WMGI;ARUN;CSCO the last two weeks. |
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| May 16, 2013 |
| 12:24 EDT |  | CSCO | On The Fly: Midday Wrap
The S&P 500 was virtually unchanged at midday following a deluge of domestic economic data this morning. The S&P began the session in negative territory, but only moderately lower, after investors received a host of data prior to the open, including reports on jobless claims, consumer prices, and housing starts. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares advanced 12% to lead the blue chip index after the company's results beat expectations on the top and bottom lines and prompted price target increases at several analyst firms. Wal-Mart, in contrast, lagged all Dow names, sliding 2% after its earnings for the just ended quarter and its view of the current quarter missed the consensus forecast... After the closing bell, Tesla Motors (TSLA) said it intends to raise about $830M by offering 2.7M common shares and $450M in convertible senior notes. CEO Elon Musk will buy $100M worth of the stock and debt, the company said, and its recently high-flying shares rose another 6%. MAJOR MOVERS: Among the notable gainers rising following Cisco's better than expected results and commentary were Ciena (CIEN), which rose 8%, and Cavium (CAVM), which advanced 4%. Also higher were shares of NetApp (NTAP), which gained over 6% after Bloomberg said activist investor Elliott Management has taken a stake in the company and is pushing its board to explore ways to boost shareholder value. Among the noteworthy losers were Oncothyreon (ONTY), which fell 20%, and Biomarin (BMRN), down 5%, after both pharmaceutical companies, among a number of others, published data to be presented at ASCO, an annual meeting of oncologists. Also lower was AMD (AMD), which declined 14% following a downgrade to Sell at Goldman Sachs. INDICES: Near noon, the Dow was up 12.47, or 0.08%, to 15,288.16; the Nasdaq was up 8.74, or 0.25%, to 3,480.36; and the S&P 500 was nearly flat at 1,658.80. |
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| 10:44 EDT |  | CSCO | Cisco results give boost to semiconductor names
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| 09:48 EDT |  | CSCO | Cisco gaps up and spikes higher in early trading following results
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| 09:36 EDT |  | CSCO | Active equity option families trading on open
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| 09:19 EDT | | CSCO | On The Fly: Pre-market Movers
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| 09:04 EDT |  | CSCO | Cisco results positive for semiconductors space, says Brean Capital
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| 09:00 EDT | | CSCO | Cisco rises 12.9%
Cisco is up 12.9%, or $2.73, to $23.94 |
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| 08:18 EDT | | CSCO | Cisco price target raised to $28 from $25 at Goldman
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| 08:14 EDT | | CSCO | Cisco price target raised to $27 from $25 at FBN Securities
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| 08:14 EDT |  | CSCO | BofA/Merrill's tech analysts hold an analyst/industry conference call
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| 08:13 EDT | | CSCO | Cisco shares should rise further, says Sterne Agee
Sterne Agee believes that Cisco outlined a more upbeat outlook after the company reported Q3 results that the firm views as strong and provided in-line Q4 EPS guidance. The firm keeps a Buy rating on the stock. |
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| 07:15 EDT | | CSCO | Cisco execution, environment improving, says RBC Capital
After Cisco reported stronger than expected Q3 results, RBC Capital believes that the company's business has rebounded. The firm thinks the company's Q4 guidance was better than feared, and it keeps an Outperform rating on the stock. |
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| 07:07 EDT | | CSCO | Cisco results positive for communications semi space, says William Blair
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| 06:23 EDT | | CSCO | Cisco price target raised to $26 from $24 at Wunderlich
Wunderlich raised its price target for Cisco following the company's better than expected Q3 results and continues to recommend the stock with a Buy rating. |
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| May 15, 2013 |
| 19:34 EDT | | CSCO | On The Fly: After Hours Movers
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| 17:15 EDT | | CSCO | Cisco up $1.82, or 8.58%, to $23.03 as Q3 conference call continues
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| 16:58 EDT | | CSCO | Cisco sees Q4 non-GAAP gross margins to be approximately 61%-62%
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| 16:55 EDT | | CSCO | Cisco continues to see company specific challenges in China
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| 16:54 EDT |  | CSCO | Cisco sees Q4 EPS 50c-52c, consensus 51c
Sees Q4 revenue growth 4%-7% YoY, consensus $12.5B. Guidance taken from company's Q3 earnings conference call. |
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| 16:51 EDT | | CSCO | Cisco says Q3 public sector business grew 5%
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