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Stock Market & Financial Investment News

News Breaks
December 3, 2012
05:55 EDTMXIM, MXIM, MXIM, ALTR, ALTR, ALTR, ARUN, ARUN, ARUN, JNPR, JNPR, JNPR, CAVM, CAVM, CAVM, NTGR, NTGR, NTGRBarclays to host a bus tour
Silicon Valley Bus Tour travels throughout Silicon Valley to visit with various companies on December 3-5.
News For MXIM;ALTR;ARUN;JNPR;CAVM;NTGR From The Last 14 Days
Check below for free stories on MXIM;ALTR;ARUN;JNPR;CAVM;NTGR the last two weeks.
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July 21, 2014
08:41 EDTMXIMMaxim Integrated Q1 guidance likely to beat expectations, says Pacific Crest
Pacific Crest expects Maxim's Q1 EPS guidance to surpass expectations, driven by increased revenue from Apple's (AAPL) iPhone 6 and iWatch. The firm recommends buying the stock, as it thinks the shares have a number of positive catalysts including content share gains in mobility and increasing automotive revenue exposure. The firm keeps a $44 price target and Outperform rating on the shares.
July 20, 2014
12:53 EDTJNPRJuniper shares could rise over 30%, Barron's says
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July 16, 2014
17:22 EDTARUNAruba Networks initiated with a Neutral at Buckingham
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July 15, 2014
12:55 EDTALTREarnings Preview: Intel up over 12% since pre-announcement
Intel (INTC) is expected to report second quarter earnings after the close on Tuesday, July 15, with a conference call scheduled for 5:00 pm ET. Intel is a global semiconductor manufacturer and a member of the Dow Jones Industrial Average. EXPECTATIONS: Analysts are looking for earnings per share of 52c on revenue of $13.69B. The consensus range is 45c-55c for EPS on revenue of $13.0B-$14.0B, according to First Call. Along with its first quarter report, Intel said it saw Q2 revenue of $13B, plus or minus $500M, compared to consensus at that time of $12.96B. Intel said then that it had expected its fiscal year 2014 revenue to be approximately flat, compared to consensus at that time of $53.15B. Subsequently, on June 12, Intel raised its Q2 revenue forecast to be $13.7B, plus or minus $300M, citing stronger than expected demand for business PCs. Intel added that it now expects some revenue growth for the year and that its full-year gross margin percentage is now expected to be in the upper half of the previous range of 61%, plus or minus a few percentage points, driven mostly by expected improvements in unit cost and volume. LAST QUARTER: Intel reported Q1 EPS of 38c, compared to consensus expectations at that time of 37c. The company's revenue of $12.8B was generally in-line with the consensus forecast. For the quarter, the company's gross margin came in at 59.7%. STREET RESEARCH: On the day after Intel made its positive pre-announcement, its stock was upgraded by several research firms. At that time, Morgan Stanley upgraded the shares to Equal Weight from Underweight, Roth Capital raised its rating to Buy from Neutral, and Drexel Hamilton upped its rating to Buy from Hold. Several firms also increased their price targets on Intel, with Jefferies raising its price target for Intel to $40 from $35 and Pacific Crest taking its target up to $35 from $32. Last night, coverage of Intel was initiated at Imperial Capital, which placed an Outperform rating and $37 target on the stock. NEWS: After eight quarters of declining shipments, worldwide PC shipments experienced flat growth in the second quarter of 2014, Gartner reported recently. Worldwide PC shipments totaled 75.8M units in the quarter, a 0.1% increase from the same quarter of 2013, according to Gartner. Another research firm, International Data Corporation, estimated that worldwide PC shipments totaled 74.4M units in the second quarter, marking a year-on-year decline of 1.7%. In company specific news, a July 9 report from MacRumors, citing Chinese site VR Zone, claimed that Intel has decided to further postpone the shipping of its line of 14-nanometer Broadwell chips, which are anticipated to be included in future versions of the Apple's (AAPL) MacBook Air, Retina MacBook Pro, and iMac. A report two days later from DigiTimes said that Intel is set to unveil its 14nm processors and 10nm wafers at its Developer Forum in San Francisco, citing sources from the upstream supply chain. According to the report, Intel will release the 14nm Core M-series processors in Q4 and 14nm Broadwell-based processors in January 2015. In June, The Wall Street Journal reported that Intel announced plans to package its standard server processors alongside a different class of programmable chip in a combination that includes an FPGA, or field programmable gate array. The Journal noted that FPGAs have been sold for years by Xilinx (XLNX) and Altera (ALTR), but that the general manager of Intelís data center group, Diane Bryant, declined to disclose Intelís partner on the latest effort or when the resulting products would hit the market. PRICE ACTION: Since the day after its earnings pre-announcement, Intel shares have risen over 12% and its stock is up more than 17% over the last three months. In afternoon trading ahead of tonight's report, Intel was trading near flat at $31.53.
10:00 EDTMXIMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Adecogro (AGRO) downgraded to Underperform from Neutral at BofA/Merrill... Campbell Soup (CPB) downgraded to Sell from Neutral at Goldman... Credicorp (BAP) downgraded to Neutral from Overweight at JPMorgan... El Paso Pipeline (EPB) downgraded to Neutral from Buy at Citigroup... Kellogg (K) downgraded to Sell from Neutral at Goldman... Kodiak Oil & Gas (KOG) downgraded to Market Perform from Outperform at BMO Capital... Lexmark (LXK) downgraded at Bernstein... Maxim Integrated (MXIM) downgraded to Equal Weight from Overweight at Barclays... Republic Airways (RJET) downgraded to Underperform from Neutral at BofA/Merrill... Sasol (SSL) downgraded to Neutral from Buy at Citigroup... Time Warner (TWX) downgraded to Equal Weight from Overweight at Evercore.
05:28 EDTMXIMMaxim Integrated downgraded to Equal Weight from Overweight at Barclays
Barclays downgraded Maxim Integrated to Equal Weight citing limited upside to estimates and the move higher in shares since its upgrade. The firm keeps a $35 price target for the stock.
July 14, 2014
10:00 EDTARUNOn The Fly: Analyst Upgrade Summary
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08:05 EDTARUNAruba Networks upgraded to Outperform from Neutral at Macquarie
July 11, 2014
14:15 EDTARUNRuckus, Aruba advance after FCC approves new school WiFi program
Shares of Ruckus Wireless (RKUS) and Aruba Networks (ARUN) are rising after the FCC announced that it would allocate new funds to subsidize the launch of WiFi networks in schools and libraries. Ruckus and Aruba provide products used for WiFi networks. WHAT'S NEW: The FCC said it would allocate $2B over the next two years to subsidize the launch of WiFi connections at schools and libraries. For the following three years, the agency said it would look to spend $1B annually on the project. The FCC said the funds would be "distributed fairly to all schools and libraries while recognizing the needs of the nationís rural and poorest school districts." PRICE ACTION: In mid-afternoon trading, Ruckus surged 5.5% to $11.62 and Aruba advanced 4.6% to $17.04.
July 9, 2014
10:02 EDTCAVMOn The Fly: Analyst Initiation Summary
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05:35 EDTCAVMCavium initiated with an Outperform at Imperial Capital
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July 8, 2014
08:46 EDTARUNAruba Networks price target lowered to $23 from $28 at RBC Capital
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