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Stock Market & Financial Investment News

News Breaks
February 4, 2013
16:35 EDTCZR, SONS, MHP, CYBX, APKT, BUD, BSFT, MCOOn The Fly: Closing Wrap
Stocks on Wall Street were down on the day after the averages opened sharply lower following Friday's run-up and never mounted a rally. The averages moved lower through the day as January's gains put investors in a position for profit taking. Among notable companies reporting earnings after the close are Gilead (GILD) and Yum! Brands (YUM)... ECONOMIC EVENTS: In the U.S., the ISM New York area reading of 56.7 was ahead of the expected reading of 53.0. A separate report showed factory orders increased 1.8% in December, versus an expected increase of 2.3%. In Europe, Spanish and Italian government bond yields rose following political developments in both countries. In China, non-manufacturing PMI ticked up to 56.2 from 56.1 last month... COMPANY NEWS: Shares of McGraw-Hill (MHP), lost $8.04, or 13.78%, to $50.30 after the Wall Street Journal said the company's S&P Ratings Service is set to face a civil lawsuit from the Department of Justice related to mortgage bond ratings it made before the 2008 financial crisis. CNBC's David Faber later reported that settlement talks between S&P and the Justice Department broke down as the DoJ was seeking a "10 figure settlement and admission of wrongdoing." The company came out and said the threatened civil lawsuit is without legal merit and unjustified... Shares of Acme Packet (APKT) gained $5.66, or 23.65%, to $29.59 after agreeing to be acquired by Oracle (ORCL) for $29.25 per share. Acme Packet's peers gained following the news, as Sonus Networks (SONS) rose 46c, or 20.18%, to $2.74 while Broadsoft (BSFT) rose $3.58, or 10.23%, to $38.56, though shares of Oracle declined $1.08, or 2.97%, to $35.13... MAJOR MOVERS: Among the notable gainers was Cyberonics (CYBX), up $2.46, or 5.55%, to $46.81 after a former employee dropped a lawsuit against the company. Also higher were shares of Caesar's Entertainment (CZR), up 90c, or 11.52%, to $8.71 after the company said it is pursuing a strategic transaction to transfer complementary and growth-related assets into a separate entity. Among the noteworthy losers was Moody's (MCO), which fell $5.90, or 10.66%, to $49.45 after news that ratings peer S&P would be charged with a civil lawsuit by the DoJ relating to CDO ratings made before the financial crisis, though CNBC's David Faber said the potential suit did not involve Moody's. Also lower were shares of AB InBev (BUD), down $4.61, or 5%, to $87.67 after shares were downgraded to Neutral with an $89 price target at BofA Merrill Lynch... INDICES: The Dow was down 129.71, or 0.93%, to 13,880.08; the Nasdaq was down 47.93, or 1.51%, to 3,131.17; and the S&P 500 was down 17.46, or 1.15%, to 1,495.71.
News For MHP;MCO;APKT;SONS;BSFT;CYBX;CZR;BUD From The Last 14 Days
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February 26, 2015
05:15 EDTBUDAB InBev announces $1B share buyback program
The board has approved a share buyback program for an amount of $1B, which will be conducted during the course of this year. The company's current intention is to use the shares acquired to fulfill its various share delivery commitments under the stock ownership plan. The program will be executed under the powers granted at the General Meeting of Shareholders on April 30.
05:12 EDTBUDAB InBev reports Q4 EPS $1.54, consensus $1.41
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February 25, 2015
17:03 EDTCYBXCyberonics announces CE Mark approval of VITARIA System
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15:05 EDTBUDNotable companies reporting before tomorrow's open
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14:07 EDTCZRCaesar's April calls active into Q4 and outlook
Caesar's April 13 calls are active on total volume of 11K contracts compares to its open interest of zero contracts according to Track Data. Active call volume suggests traders taking positions into the expected release of Q4 results on March 2.
10:20 EDTMCOMoody's management to meet with William Blair
Meetings to be held in Europe March 2- 4 hosted by William Blair.
09:08 EDTBSFTOn The Fly: Pre-market Movers
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07:41 EDTBSFTBroadSoft sees FY15 EPS $1.40-$1.64, consensus $1.55
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07:40 EDTBSFTBroadSoft sees Q1 EPS 13c-21c, consensus 16c
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07:39 EDTBSFTBroadSoft reports Q4 EPS 64c, consensus 57c
Reports Q4 revenue $65.8M, consensus $63.06M.
February 24, 2015
10:31 EDTMCOMoody's management to meet with FBR Capital
Meeting to be held in New York on February 27 hosted by FBR Capital.
February 19, 2015
08:16 EDTSONSSonus share pullback yesterday 'inexplicable,' says Jefferies
Jefferies says yesterday's sell-off in shares of Sonus is "inexplicable" and "at odds" with the reported Q4 results. The firm calls Sonus's Q4 gross margin "very strong" and notes its Q1 and 2015 guidance were in line with consensus. Jefferies sees a compelling entry point at current levels and keeps a Buy rating on Sonus with a $25 price target.
08:11 EDTSONSSonus weakness likely provides buying opportunity, says Wells Fargo
After Sonus reported Q4 sales in-line with its recently reduced guidance but reiterated its Q1 and 2015 guidance, Wells Fargo believes that the company's growth and profitability is likely to improve through 2015. Consequently, the firm thinks the sell-off following the company's results is likely to prove to be an attractive entry point, It keeps an Outperform rating on the shares.
07:13 EDTMCOMoody's to hold a teleconference
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06:07 EDTSONSSonus weakness a buying opportunity, says B. Riley
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February 18, 2015
08:16 EDTCZRCaesar's receives demand for payment of $3.68B guaranteed obligations
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07:06 EDTSONSSonus sees Q1 EPS 3c, consensus 4c
Sees Q1 revenue $74M, consensus $73.58M. Sees Q1 gross margin 67%-67.5%.
07:06 EDTSONSSonus sees FY15 EPS 54c-58c, consensus 56c
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07:05 EDTSONSSonus reports Q4 adjusted EPS 15c, consensus 15c
Reports Q4 revenue $76.8M, consensus $77.22M.
February 17, 2015
15:32 EDTSONSNotable companies reporting before tomorrow's open
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