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Stock Market & Financial Investment News

News Breaks
March 18, 2014
17:53 EDTPPandora raises price of Pandora One to $4.99/month for new subscribers
Pandora announced on a company blog hat over the next couple of months, it will be implementing some changes to its Pandora One subscription plan. The company announced that existing Pandora One monthly subscribers that remain active will not experience a price increase at this time and will continue to pay $3.99 per month. For new subscribers, the subscription price will change to $4.99 per month starting in May. Existing annual subscribers that remain active will migrate to a discounted loyalty price of $3.99 per month at their next renewal period. The company is ending the annual subscription option. Reference Link
News For P From The Last 14 Days
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February 12, 2016
09:59 EDTPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aircastle (AYR) upgraded to Buy from Neutral at DA Davidson... Allegion (ALLE) upgraded to Buy from Outperform at CLSA... Bunge (BG) upgraded to Overweight from Neutral at JPMorgan... CAE (CAE) upgraded to Outperform from Market Perform at BMO Capital... Coeur Mining (CDE) upgraded on valuation, financial outlook at BMO Capital... Commerzbank (CRZBY) upgraded to Neutral from Sell at Goldman... ConAgra (CAG) upgraded to Buy from Neutral at BofA/Merrill... Equifax (EFX) upgraded to Buy from Hold at Deutsche Bank... Fresenius SE (FSNUY) upgraded to Buy from Hold at Berenberg... IAC (IAC) upgraded on share repurchase prediction at Stifel... IAMGOLD (IAG) upgraded to Neutral from Sell at Goldman... Louisiana-Pacific (LPX) upgraded to Neutral from Underperform at DA Davidson... Pandora (P) upgraded to Outperform from Market Perform at FBR Capital... Quintiles (Q) upgraded to Buy from Hold at Deutsche Bank... Quotient Technology (QUOT) upgraded to Buy from Hold at Craig-Hallum... Suncor (SU) upgraded to Buy from Neutral at Citi... Time Inc. (TIME) upgraded to Buy from Hold at Gabelli... Vonage (VG) upgraded to Outperform from Sector Perform at FBN Securities... Web.com (WEB) upgraded to Buy from Neutral at SunTrust.
08:34 EDTPPandora price target lowered to $15 from $26 at Wedbush
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07:28 EDTPPandora upgraded to Outperform from Market Perform at FBR Capital
FBR Capital analyst Barton Crockett upgraded Pandora (P) to Outperform and keeps a $16 price target for the shares following the company's Q4 results. Crockett has conviction in Pandora's five-year goal to create a new on-demand streaming service with over 10M subscribers while growing its core radio revenues. The analyst coupled the upgrade with a downgrade of Netflix (NFLX).
06:36 EDTPOptions expected to be active: AIG WYNN P ATVI Z COLM FEYE NUS GRPN JPM CBS
February 11, 2016
19:18 EDTPPandora management won't comment on potential sale
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19:07 EDTPOn The Fly: After Hours Movers
UP AFTER EARNINGS: AIG (AIG), up 1.8%... Wynn Resorts (WYNN), up 1.7%... FireEye (FEYE), up 1.1%... Groupon (GRPN), up 17.4%... Infinera (INFN), up 2.8%. DOWN AFTER EARNINGS: Activision Blizzard (ATVI), down 14.2%... CBS (CBS), down 1.6%... Zillow (Z), down 10.4%... Pandora (P), down 5.5%... Qlik Technologies (QLIK), down 7.3%.
16:34 EDTPOn The Fly: Top stock stories for Thursday
Stocks began the session deep in negative territory amid continued concerns about global growth, another drop in oil prices, renewed worries over the health of the European banking system after a poor report from Societe Generale and a surprise cut in interest rates by Sweden's central bank, putting its rates further into negative territory. Fed Chair Janet Yellen, who was giving her second day of "Humphrey-Hawkins" testimony, stayed the course and gave no indication that the central bank would change its current policy direction. The averages were jolted out their doldrums late in the day after The Wall Street Journal quoted a UAE Energy Minister as saying OPEC may consider a production cut, which brought oil off its lows and helped the average significantly cut their losses. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped to 269,000 last week, versus expectations for 280,000 first-time claims. Federal Reserve Chair Janet Yellen gave testimony to the Senate after presenting yesterday to members of the House of Representatives. In her testimony yesterday, Yellen said she was not certain whether she had the legal authority to cut rates into negative territory. However, other central banks around the world have recently been doing just that, with Sweden's Riksbank the latest. Sweden's central bank surprised analysts by cutting its main repo rate to minus 0.5% from minus 0.35%. Meanwhile, WTI crude oil settled down 4.5% at $26.21 per barrel, marking its lowest settlement since May 2003. Oil pared its losses in after-hours trading, however, after reports indicated that a UAE Energy Minister said OPEC members are ready to cooperate on a production cut. COMPANY NEWS: Shares of Cisco (CSCO) gained 9.6% to $24.68 after the company beat expectations for both sales and earnings, raised its dividend by 24% and approved a $15B increase to its stock repurchase program. On the opposite end of the Dow, Boeing (BA) dropped 6.8% to $108.45 after Bloomberg said the SEC is investigating its accounting and projections for its 787 Dreamliner and the 747 programs... Twitter (TWTR) dropped 4.5% to $14.31 after the company reported that its user base was flat last quarter. Research firm Pacific Crest responded to the news by downgrading the stock, with analyst Evan Wilson saying the stock may fall to as low as $11 per share as the "hope trade" ends... Tesla (TSLA) unexpectedly reported sharp losses for its fourth quarter, but its stock rallied 4.7% after the electric carmaker also projected that it will deliver 80,000-90,000 vehicles in 2016. MAJOR MOVERS: Among the notable gainers was The Fresh Market (TFM), which jumped 22% after Reuters reported that supermarket giant Kroger (KR) is in the second round of bidding for its smaller rival. Also higher was Pandora (P), which advanced 8.5% after the New York Times said the music service operator has held talks about selling the company and is working with Morgan Stanley to meet potential buyers. Also rising were shares of WebMD (WBMD), which added 4% after Ben Harrington said on his Betaville blog that the company is rumored to be working with Moelis to try to broker a deal with Walgreen Boots Alliance (WBA). Among the noteworthy losers was Mylan (MYL), which fell 18% after it reported quarterly earnings and announced it would buy Meda Aktiebolag for $9.9B. Incyte (INCY) fell 9.4% after the company reported earnings and said it would halt studies of its ruxolitinib drug to treat certain cancer tumors. Also lower were shares of Hampton Roads Bankshares (HMPR) which fell nearly 9% after agreeing to merge with Xenith Bankshares (XBKS). Xenith rose 1.5% following the deal announcement. INDEXES: The Dow fell 254.56, or 1.6%, to 15,660.18, the Nasdaq lost 16.75, or 0.39%, to 4,266.84, and the S&P 500 dropped 22.78, or 1.23%, to 1,829.08.
16:07 EDTPPandora sees 2016 revenue $1.4B-$1.42B, consensus $1.42B
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16:07 EDTPPandora sees Q1 revenue $280M-$290M, consensus $284M
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16:06 EDTPPandora reports Q4 EPS 4c, consensus 7c
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14:34 EDTPPandora options active on report of sales talks into release of Q4
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14:30 EDTPNotable companies reporting after market close
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14:25 EDTPPandora trading resumes, shares up 5.1% to $8.83 after report of sale talks
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14:20 EDTPPandora exploring sale, NYT says
Pandora has held talks about selling the company and is working with Morgan Stanley to meet potential buyers, reports the New York Times, citing sources. Reference Link
14:19 EDTPPandora halted for volatility after jumping 2% to $8.59
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14:19 EDTPPandora has held sale talks, NY Times reports
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February 10, 2016
10:01 EDTPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Antero Resources (AR) downgraded to Neutral from Buy at Goldman... Apollo Investment (AINV) downgraded to Sell from Neutral at Citi... BBA Aviation (BBAVY) downgraded to Neutral from Buy at Goldman... CM Finance (CMFN) downgraded to Outperform from Strong Buy at Raymond James... CTI BioPharma (CTIC) downgraded to Sell from Hold at WallachBeth... Calix (CALX) downgraded to Market Perform from Outperform at Cowen... ConocoPhillips (COP) downgraded to Peer Perform from Outperform at Wolfe Research... Fifth Street Finance (FSC) downgraded to Neutral from Overweight at JPMorgan... Fortis (FRTSF) downgraded to Neutral from Outperform at Credit Suisse... ITC Holdings (ITC) downgraded to Market Perform from Outperform at Wells Fargo... KapStone (KS) downgraded to Hold from Buy at Deutsche Bank... Knight Transportation (KNX) downgraded to Hold from Buy at Evercore ISI... Lake Shore Gold (LSG) downgraded to Sector Performer from Outperformer at CIBC... Medley Capital (MCC) downgraded to Hold from Buy at Jefferies... Pandora (P) downgraded to Market Perform from Outperform at Cowen... Parker-Hannifin (PH) downgraded to Hold from Buy at Evercore ISI... Parkway Properties (PKY) downgraded on real estate headwinds, valuation at Stifel... Plains GP Holdings (PAGP) downgraded to Neutral from Outperform at Credit Suisse... Ruckus Wireless (RKUS) downgraded to Neutral from Buy at SunTrust... SolarCity (SCTY) downgraded to Neutral from Buy at Roth Capital... Tahoe Resources (TAHO) downgraded to Sector Perform from Outperform at RBC Capital... USANA (USNA) downgraded to Neutral from Buy at DA Davidson... Valero (VLO) downgraded to Buy from Conviction Buy at Goldman... Western Union (WU) downgraded to Neutral from Outperform at Macquarie... XL Group (XL) downgraded to Sell from Hold at Deutsche Bank.
08:47 EDTPPandora price target lowered to $16 from $24 at Canaccord
Canaccord lowered its price target on Pandora citing competitive concerns from Spotify as well as expectations for lower EBITDA due to higher publishing royalties and the impact of recent acquisitions. Canaccord maintained its Buy rating on Pandora shares as the firm expect the company's headwinds to moderate.
06:19 EDTPPandora downgraded to Market Perform from Outperform at Cowen
Cowen analyst John Blackledge downgraded Pandora to Market Perform to reflect lower ad loads. The analyst said recent acquisition of Ticketfly and Rdio in Q4 indicate Pandora is diversifying its revenue stream and suggests challenges in the core business. Blackledge materially lowered 2017-2021 estimates mainly due to lower ad load forecasts given rising competition and cut his price target on Pandora shares to $9 from $21.
05:01 EDTPStocks with implied volatility above IV index mean; P DB
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