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Stock Market & Financial Investment News

News For LOW;TSN;BMTI;WMGI;ARUN;CSCO From The Last 14 Days
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May 26, 2015
14:04 EDTCSCOLaw firm says Supreme Court rules against Cisco in Commil patent case
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07:41 EDTCSCOCisco management to meet with Jefferies
Meetings to be held in London/New York May 27-28 hosted by Jefferies.
May 22, 2015
06:00 EDTCSCOJohn McCain: Cisco deserves to be investigated over Russia deals, Buzzfeed says
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May 21, 2015
15:10 EDTARUNEarnings Watch: HP buys Aruba, forms Chinese joint venture with split nearing
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08:47 EDTCSCOCisco to participate in a tech talk with Goldman Sachs
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07:22 EDTLOWLowe's shares have room to run from here, says UBS
UBS believes Lowe's shares have room to run from current levels, as the firm believes the company posted fine Q1 results. The firm cited Lowe's strong start to May and its potential to generate a mid single digit comp and 20% earnings growth for the year. UBS reiterated its Buy rating and lowered its price target to $82 form $83 on Lowe's shares.
May 20, 2015
14:14 EDTLOWLowe's remains a top pick at BofA/Merrill
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10:42 EDTLOWLowe's price target lowered to $68 from $75 at Cantor
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09:36 EDTLOWActive equity options trading on open
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09:31 EDTLOWLowe's: Reports of tainted flooring had no impact on Q1
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09:27 EDTLOWLowe's says 'exceeding expectations' in May
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09:26 EDTLOWLowe's says April comps of 3.8% were lowest in quarter
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09:25 EDTLOWOn The Fly: Pre-market Movers
UP AFTER EARNINGS: American Eagle Outfitters (AEO), up 8.6%... Computer Sciences (CSC), up 4.1%. ALSO HIGHER: Sarepta Therapeutics (SRPT), up 44.5% after announcing plans for rolling eteplirsen NDA... Genocea Biosciences (GNCA), up 22.5% after GEN-003 Phase 2 trial met primary endpoint... IsoRay (ISR), up 31.7% after Cesium-131 reports 96% success in local control and 100% survival in 5 years... AVEO Pharmaceuticals (AVEO), up 15.7% after presenting results of extension study 902 and gets FDA feedback for tivozanib... Pep Boys (PBY), up 12.5% following reports that potential buyer have approached the company about a possible takeover. DOWN AFTER EARNINGS: Etsy (ETSY), down 19.5%... China Distance Education (DL), down 7.7%... Keysight Technologies (KEYS), down 5.7%.... Lowe's (LOW), down 5.2%. ALSO LOWER: Lpath (LPTN), down 75.6% after announcing that it will undergo corporate restructuring... Achillion Pharmaceuticals (ACHN), down 10.1% following collaboration for HCV with Janssen... El Pollo LoCo (LOCO), down 3.5% after 6M share Block Trade priced at $22.25... Cimarex Energy (XEC), down 3.3% after 6M share Spot Secondary priced at $109.00.
08:47 EDTLOWLowe's sees repurchasing $3.8B of stock in 2015
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08:43 EDTCSCOCisco CFO says business in Europe improved; China, Russia still challenging
Cisco CFO Kelly Kramer spoke on CNBC.
08:41 EDTCSCOCisco CFO sees potential for acquistions in security
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08:10 EDTTSNTyson Foods repeats FY15 adjusted EPS view $3.30-$3.40, consensus $3.44
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07:53 EDTLOWLowe's weakness a buying opportunity, says Baird
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06:05 EDTLOWLowe's sees FY15 EPS about $3.29, consensus $3.31
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06:03 EDTLOWLowe's reports Q1 SSS up 5.3%
06:02 EDTLOWLowe's reports Q1 EPS 70c, consensus 74c
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May 19, 2015
17:16 EDTTSNTyson Foods awarded $194.79M government contract
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15:00 EDTLOWNotable companies reporting before tomorrow's open
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14:48 EDTLOWLowe's June 72.5 straddle priced for 5.5% movement into Q1
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14:34 EDTLOWLowe's volatility elevated into Q1 and outlook
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14:31 EDTCSCOCovisint expands strategic relationship with Cisco, General Motors
Covisint (COVS) announced that it has reached a definitive agreement with Cisco (CSCO) to use the Covisint platform to power General Motors (GM) OnStar and SupplyPower through 2020. Under the terms of this five-year, non-cancelable contract, GM will materially increase their use of the Covisint platform to support growth in these solutions. This economically favorable transaction is a major milestone in the strategic partnership with Cisco, and a win for General Motors, Cisco and Covisint.
13:04 EDTLOWEarnings Watch: Lowe's sees FY15 EPS $3.29, strongest comps of year in Q1
Lowe's Companies (LOW), a home improvement retailer, is scheduled to report on its first quarter before the market open on Wednesday, May 20, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of 74c on revenue of $14.27B, according to First Call. The consensus range for EPS is 69c-80c on revenue of $13.97B-$14.52B. LAST QUARTER: Lowe's reported fourth quarter EPS of 46c on revenue of $12.54B, beating analyst's estimates of 44c and $12.31B, respectively. The company also reported Q4 same-store sales rose 7.3%, with U.S. comparable sales up 7.4%. The company forecast fiscal year 2015 EPS $3.29 against estimates at that time for $3.28 and said it expects revenue up 4.5%-5% in the fiscal year compared to last. Lowe's also forecast FY15 SSS up 4%-4.5% and said it expects to report the highest comp for FY15 in Q1. On its earnings conference call, the company said it expects higher comps in the first half of 2015 than the second half. The company said it expects jobs, incomes and household financial conditions to improve in 2015. NEWS: During the quarter, Lowe's announced a new $5B share repurchase program, which has no expiration date and adds to the previous program's balance, which was $2.4B at January 30. Seeking Alpha contributor Xuhua Zhou, described as a hedge fund analyst, recently wrote in a blog post that "research confirms Lowe's is guilty of formaldehyde noncompliance in sourcing laminate flooring from China." The Consumer Products Safety Commission and Environmental Protection Agency should include Lowe's products in their safety testing of Lumber Liquidators' (LL) wood, the writer believes. A Lowe's spokesperson told Bloomberg that the Tescun flooring is being removed from stores. Lowe's Canada recently reached an agreement to acquire the leases of 13 former Target (TGT) Canada Locations and will buy Target's Milton, Ontario distribution center for approximately C$151M. STREET RESEARCH: On the day after its last earnings report, UBS raised its price target on Lowe's to $83 from $75, citing the company's big ticket comp growth, the improving economy and pent up demand from consumers putting projects on hold since the downturn. Argus also raised its price target, to $82 from $70, and said its confidence in the company's ability to generate profitable growth has increased. In March, Oppenheimer raised its price target on Lowe's to $85 from $77 and said the stock has a number of positive catalysts, including solid U.S. consumer spending trends, significant slack in the U.S, housing recovery, improving market sentiment and investors' interest in domestic plays as the dollar strengthens. BofA/Merrill said the home improvement space is one of the more attractive areas within retail and recommends buying Lowe's. The firm remains positive on the company's earnings growth and lack of negative catalysts. PRICE ACTION: Over the last three months, Lowe's shares are up nearly 1%. In early afternoon trading ahead of Wednesday's report, Lowe's is fractionally lower at $72.77.
07:36 EDTCSCOAutomakers to start V2V car rollouts with spectrum at a premium, WSJ says
General Motors' (GM) upcoming Cadillac CTS is the only car firmly scheduled to launch in the U.S. with vehicle-to-vehicle communications, or V2V, but the industry has promised that V2V will revolutionize safety and Cisco (CSCO) joined automakers earlier this month to brief the FCC on plans to test airwave sharing soon, said The Wall Street Journal. However, cable and telecom companies are pressuring carmakers to give up a part of the airwaves marked for V2V to be available for broader use, the report added. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), Honda (HMC), Toyota (TM) and Volkswagen (VLKAY), while cable and telecom companies include Verizon (VZ), AT&T (T), Sprint (S), T-Mobile (TMUS), Comcast (CMCSA), Time Warner Cable (TWC) and Charter (CHTR). Reference Link
May 18, 2015
09:36 EDTCSCOActive equity options trading on open
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May 15, 2015
16:01 EDTCSCOOptions Update; May 15, 2015
iPath S&P 500 VIX Short-Term Futures down 20c to 20.06 Option volume leaders: AAPL BAC FB NFLX TWTR BABA CSCO TSLA MU GILD T MSFT AMZN MCD
09:03 EDTLOWBofA/Merrill says to buy Home Depot, Lowe's and Whirlpool
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May 14, 2015
16:00 EDTCSCOOptions Update; May 14, 2015
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14:05 EDTCSCOAnalysts clash on Cisco outlook after results
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14:01 EDTCSCOFireEye currently unwilling to consider sale, Re/code reports
After Cisco (CEO) John Chambers said last night on the company Q3 conference call that he "wouldn't bet on" the rumor that his company was targeting an acquisition of FireEye (FEYE), Re/code's Arik Hesseldahl added that FireEye is not for sale in any case. The security company's management would not be willing to entertain takeover offers before it reaches $1B in annual revenue, sources familiar with the matter told Hesseldahl. Reference Link
13:30 EDTWMGIWright Medical initiated with an Outperform at Northland
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10:00 EDTCSCOOn The Fly: Analyst Downgrade Summary
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09:34 EDTCSCOActive equity options trading on open
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09:12 EDTCSCOCisco deferred revenue strong, says SunTrust
After Cisco provided lower than expected Q4 revenue guidance, SunTrust says that the company's deferred revenue was strong, suggesting that its outlook is better than the guidance indicates. SunTrust keeps a Buy rating on the shares.
07:19 EDTCSCOCisco downgraded to Neutral on valuation at Sterne Agee CRT
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07:11 EDTCSCOOptions expected to be active
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07:11 EDTCSCOCisco tone 'quite bullish,' says Stifel
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07:06 EDTCSCOCisco downgraded to Neutral from Buy at Sterne Agee CRT
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May 13, 2015
18:04 EDTCSCOCisco CEO says don't bet on talk of FireEye acquisition
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17:03 EDTCSCOCisco sees Q4 non-GAAP gross margin 61%-62%
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16:39 EDTCSCOCisco sees Q4 EPS 55c-57c, consensus 56c
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16:23 EDTCSCOOn The Fly: Top stock stories for Wednesday
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16:11 EDTCSCOCisco down 1.2% after reporting quarterly results
16:07 EDTCSCOCisco reports Q3 EPS 54c, consensus 53c
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16:06 EDTCSCOOptions Update; May 13, 2015
iPath S&P 500 VIX Short-Term Futures down 38c to 20.67. Option volume leaders: AAPL CSCO NTI FB CSX BABA EIX BAC DD WMB TSLA JCP QCOM DAL
15:22 EDTCSCOCisco May 29.5 straddle priced for 4% movement into Q3
15:10 EDTCSCOCisco May volatility elevated into Q3 and outlook
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15:06 EDTCSCOCisco technical comments before earnings
The stock has been on a strong run since the lows of last October, but the trend has flattened out heading into earnings. The range the shares have been in may be helpful in suggesting where price will head after earnings. The low of the range in the last couple of months has been $27 at the low and $30 at the high. A breakout above $30 on good news would be bullish, potentially moving the shares further into the ten-year high range. Above $30 the following resistance levels could become upside objectives depending on the degree of positive news: $31.09. $32.47, and $33.60. The 10-year high is at $34.24, and this would match with a projection of the top of uptrend channel that runs from September 2011 to present. If the news is a bearish surprise, the 50-day moving average at $28.37 would be the first support with the low of the range at $27 next. If the low at $27 were broken, next support would be at $25.92 and then at $24.98. There is significant support at the $25 area.
15:04 EDTCSCOEarnings Watch: Cowen says Cisco better positioned than most believe
Cisco Systems (CSCO) is scheduled to report results of its third fiscal quarter after the market close on Wednesday, May 13, with a conference call scheduled for 4:30 pm ET. Cisco, a member of the Dow Jones Industrial Average, sells Internet protocol-based networking and other products related to the communications and IT industry and provides related services. EXPECTATIONS: Analysts are looking for earnings per share of 53c on revenue of $12.07B, according to First Call. The consensus range for EPS is 52c-54c on revenue of $11.99B-$12.46B. Along with its last quarterly report, Cisco guided for Q3 EPS of 51c-53c and said it expects its revenue to be up 3%-5% in the quarter compared to the prior year. LAST QUARTER: On February 1, Cisco reported second quarter EPS of 53c, beating the consensus analyst forecast of 51c. Revenue came in at $11.94B, topping the $11.8B consensus forecast. At that time Cisco also raised its quarterly dividend to 21c from 19c. NEWS: On March 11, Cisco announced an extension of its cloud and data center relationship with Microsoft (MSFT) to include a new technology platform designed to accelerate service delivery and streamline the journey to the Intercloud for cloud providers. The new integrated solution combines Windows Azure Pack and Cisco Application Centric Infrastructure to help cloud providers "rapidly deliver hybrid cloud services while drastically simplifying operations and reducing costs," the company said. On May 4, Cisco announced that its board has appointed Chuck Robbins, who most recently served as Cisco's senior vice president of worldwide operations, as CEO, effective July 26. Current CEO John Chambers will assume the role of executive chairman and will continue to serve as the chairman of Cisco's board. STREET RESEARCH: On the day after the company's last report, research firm Piper Jaffray said it saw little downside risk in Cisco shares and believes Cisco is benefiting from a switching upgrade cycle that should sustain throughout 2015. The firm kept an Overweight rating on the stock with a $33 price target. Conversely, Citigroup said that despite the improving demand seen in Q2, Cisco shares remained fully priced at its levels at that time. Citi raised its price target for shares to $25 from $22, but kept a Sell rating on the name. The day after Cisco announced its CEO transition plan, Cowen said it thinks the company is better positioned and business is trending better than most investors believe, as evidenced by the timing of its CEO change. The firm, which believes Robbins is an excellent choice to replace Chambers, reiterated its Outperform rating and $35 price target on Cisco shares. Earlier this week, Pacific Crest upgraded Cisco to Outperform from Sector Perform, as the firm believes the April quarter results could signify the start of a multi-quarter recovery driven by new product cycles across switching, routing, wireless and servers. Pacific Crest, which thinks improving fundamentals and cloud momentum can drive multiple expansion in the second half of 2015 and into 2016, set a $36 price target for Cisco shares. PRICE ACTION: In afternoon trading ahead of Wednesday's report, Cisco shares are up fractionally to $29.30. In the last three months, Cisco shares have declined about 0.5%.
15:04 EDTCSCONotable companies reporting after market close
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13:45 EDTCSCOEZchip tumbles after losing spot in Cisco line cards
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10:32 EDTCSCOFireEye calls active on renewed takeover chatter
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10:22 EDTCSCOEZchip sees Q2 revenue $27.5M-$28.5M, consensus $28.3M
Sees Q2 gross margins in the 75% range. Says NP-5 product revenues poised for growth in 2015. EZchip (EZCH) expects revenues from Cisco (CSCO) to continue to grow in 2015, 2016. Comments made on the Q1 earnings conference call. EZchip is down 25.24% to $14.62 in mid-morning trading.
05:58 EDTCSCOStocks with implied volatility above IV index mean; ALTR CSCO
Stocks with implied volatility above IV index mean; Altera (ALTR) 81, Cisco (CSCO) 27 according to iVolatility.
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