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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
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July 23, 2015
16:32 EDTALTRAltera reports Q2 EPS 23c, consensus 26c
Reports Q2 revenue $414.2M, consensus $409.56M. The company said, "Our wireless customers reduced demand on us this quarter, as expected, in reaction to continuing adverse market conditions. This pause in wireless spend more than offset growth across many of our vertical markets."
16:21 EDTJNPRJuniper sees Q3 EPS 50c-54c, consensus 46c
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16:19 EDTJNPRJuniper reports preliminary Q2 EPS 53c, consensus 40c
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16:18 EDTMXIMMaxim Integrated up 1.7% after reporting Q4 results, raising quarterly dividend
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16:18 EDTMXIMMaxim Integrated raises quarterly dividend by 7% to 30c per share
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16:17 EDTMXIMMaxim Integrated sees Q1 EPS ex-items 38c-44c, consensus 42c
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16:14 EDTMXIMMaxim Integrated reports Q4 EPS ex-items 43c, consensus 39c
Reports Q4 revenue $582.52M, consensus $590.26M.
16:07 EDTNTGRNetgear announces 3M share repurchase program
The company announced that its Board of Directors has authorized a program to repurchase up to 3M shares of the Company's common stock, or approximately 9.3% of the outstanding shares at the end of the second quarter. This is incremental to the approximately 266,000 shares that remained under the Company's previous share repurchase program at the end of the second quarter.
16:06 EDTNTGRNetgear sees Q3 revenue $315M-$330M, consensus $302.13M
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16:05 EDTNTGRNetgear reports Q2 adjusted EPS 29c, consensus 30c
Reports Q2 revenue $288.8M, consensus $277.8M.
15:04 EDTMXIM, JNPRNotable companies reporting after market close
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14:08 EDTJNPRJuniper July weekly 26.5 straddle priced for 7.9% movement into Q2
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12:51 EDTJNPRJuniper technical notes ahead of results
On a long-term chart, 5-year basis, the stock has been basing with a bullish bias since late 2011. The $25 level has become an important price point around which there are pivots. A move back below $25 on bearish news could send price back to the lows of the recent range, which have support at $20. If the news is a bullish surprise, a reaction away from current price, $26.39, could take the stock to the top of the recent range at $28.75. If the news were sufficiently strong, a run to the $30 area might be possible. The $30 level has not been seen since mid-2011. It would be a very bullish move that could put the shares back on a stronger bullish price path. Resistance above $30 would be at $30.63.
July 22, 2015
14:51 EDTALTR, MXIM, CAVMEarnings Watch: Qualcomm reports after speculations of potential breakup
Qualcomm (QCOM) is expected to report third quarter earnings after the close on July 22, with a conference call scheduled for 4:45 pm ET. Qualcomm is a maker of semiconductors and telecommunications equipment. EXPECTATIONS: Analysts are looking for earnings per share of 95c on revenue of $5.85B. EPS consensus ranges 90c-$1.05 on a revenue range of $5.59B-$6.08B, according to First Call. LAST QUARTER: On April 22, Qualcomm reported Q2 EPS of $1.40 against expectations for $1.33, and revenue of $6.89B versus estimates of $6.83B. The company also cut its FY15 EPS guidance to $4.60-$5.00 from $4.85-$5.05 and lowered projected revenue to $25B-$27B from $26.3B-$28B, saying it expects pressure in its semiconductor business due to customer shifts in the premium segment and a decline in Qualcomm's share at an unnamed large customer. NEWS: On May 8, Reuters reported that EU antitrust regulators asked Qualcomm's competitors how the company's licensing and business practices affect them, and on July 16, the European Commission confirmed two formal antitrust investigations of the company. On May 25, Qualcomm and Daimler (DDAIF) announced a strategic collaboration to develop connected car technology. Coming on the heels of Avago's (AVGO) May 28 agreement to acquire Broadcom (BRCM), Bloomberg quoted a source later that day as saying Qualcomm, Intel (INTC), Altera (ALTR), Analog Devices (ADI), Maxim Integrated (MXIM), Texas Instruments (TXN), and Microchip Technology (MCHP) are all considering their own M&A opportunities. Note that on June 1, Intel announced an agreement to acquire Altera. On June 23, Semiconductor Manufacturing International (SMI), Qualcomm, Huawei, and Imec announced the formation of a joint venture to focus on a type of 14 nanometer technology. More recently, the Wall Street Journal reported on July 20 that Qualcomm is "expected" to begin a comprehensive strategic review which may include the possibility of a breakup following pressure from "activist" shareholder Jana Partners, according to sources, adding that the move could be announced concurrent with Wednesday's earnings release. STREET RESEARCH: Following last quarter's earnings report, Exane BNP Paribas downgraded Qualcomm to Neutral from Outperform, while both Canaccord and Brean Capital lowered price targets for the stock after "disappointing" guidance. Meanwhile, Citi said it expects the company's chip business to recover in 2016 despite this "very bad year." On May 28, CLSA said it sees continued pressure on Qualcomm chipsets, potentially spurring the company to consider making an acquisition, and on June 2, Craig-Hallum noted that Skyworks (SWKS) would be a great fit for Qualcomm. On June 24, Summit Research called Applied Micro Circuits (AMCC) an "affordable" target for Qualcomm, with AMD (AMD) and Cavium (CAVM) also looking like potential takeover candidates. On June 29, Drexel Hamilton downgraded Qualcomm to Sell from Hold, citing expected price cuts. Lastly, following media reports on July 20 that Qualcomm could be weighing a breakup, Bernstein said that such a "dis-synergistic" split would likely destroy value rather than create it. PRICE ACTION: Shares of Qualcomm are down more than 1% to $64.37 in afternoon trading ahead of Wednesday's earnings report.
12:35 EDTMXIMAnalog chip makers fall after Linear cites weak end market demand
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11:56 EDTJNPRJuniper July weekly volatility elevated into Q2 and outlook
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July 15, 2015
08:03 EDTJNPRJuniper names Bob Worrall as SVP, Chief Information Officer
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July 14, 2015
15:27 EDTALTREarnings Watch: Bernstein says sell Intel ahead of Q2 report
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10:36 EDTALTROptions with increasing implied volatility
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07:40 EDTALTRCiti sees arbitrage opportunity in Altera ahead of buyout
Shares of Altera (ALTR) currently trade at a 7.5% discount to Intel's (INTC) buyout offer of $54, Citi analyst Christopher Danely points out today in a research note. Danely expects the deal will go through without any antitrust issues. As such, he sees an arbitrage opportunity in Altera. He raised his price target for shares to $54 from $43. The chipmaker closed yesterday up 50c to $50.25. Shares of Intel (INTC) are trading down 24c to $29.49 in pre-market trading after Bernstein downgraded the name to its sell-equivalent Underperform.
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