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Stock Market & Financial Investment News

News Breaks
February 25, 2013
05:55 EDTQCOM, QCOM, QCOM, TLAB, TLAB, TLAB, ALLT, ALLT, ALLT, JNPR, JNPR, JNPR, ALU, ALU, ALU, FFIV, FFIV, FFIV, CIEN, CIEN, CIEN, CSCO, CSCO, CSCO, BRCM, BRCM, BRCM, CAVM, CAVM, CAVM, NVDA, NVDA, NVDA, INTC, INTC, INTC, MU, MU, MUMKM Partners to host events at Mobile World Congress 2013
Events at Mobile World Congress 2013 to be held in Barcelona, Spain on February 25-27.
News For QCOM;INTC;NVDA;CAVM;BRCM;CSCO;CIEN;FFIV;ALU;JNPR;ALLT;TLAB;MU From The Last 14 Days
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August 18, 2015
09:10 EDTCIENCiena downgraded to Market Perform from Outperform at Northland
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09:04 EDTJNPRJuniper selected by Joe Gibbs Racing to speed data center network transformation
Juniper Networks announced that four-car NASCAR team Joe Gibbs Racing selected its next-generation switching and security solutions to rev up the team's aging network infrastructure for better performance on and off the track.
06:13 EDTCIENCiena initiated with a Market Perform at Northland
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05:55 EDTMUDRAMeXchange: Global mobile DRAM revenue up 7.7% in Q2, DigiTimes reports
Global sales of mobile DRAM increased 7.7% sequentially to $3.85B while global sales of overall DRAM decreased 4.8% to $11.4B in Q2, reports DigiTimes, citing DRAMeXchange. Mobile DRAM prices were less affected by falling prices for PC DRAM chips when compared to other types of DRAM. Prices for PC DRAM chips, which fell 15% in July, are forecast to drop an overall 30% in the third quarter of 2015. Reference Link
05:55 EDTQCOMQualcomm to supply all modem chips for next iPhone, DigiTimes reports
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August 17, 2015
16:00 EDTMUOptions Update; August 17, 2015
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14:27 EDTFFIVIRS says cyber attack larger than originally thought, AP says
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11:18 EDTCSCOEZchip to supply chips to cloud data centers, Bloomberg says
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11:11 EDTMUAnalysts split on Micron after analyst day
Analysts were divided on the outlook for flash memory product maker Micron (MU) following its analyst day. Wells Fargo upgraded the stock to Market Perform from Underperform and Piper Jaffray said that the stock was unlikely to drop much further. However, Bank of America/Merrill and Wedbush cut their rating on the shares to Neutral from Buy. UPGRADE: Wells Fargo upgraded Micron to Market Perform from Underperform. Following the stock's decline over the last few months, the shares "reflect a more realistic view" of the flash memory sector's outlook, the firm stated. Additionally, the sector's financial condition has improved in recent years, which should boost the sector's profits and margins over the longer term, Wells Fargo stated. However, the firm still believes that the company is facing several risks, including falling prices for DRAM, a widespread form of flash memory, and its rising capital spending. Although Micron is facing "challenging near-term conditions," including a weak PC market, the company outlined many positive aspects of its business, according to Piper Jaffray analyst Ruben Roy. The longer term trends for the flash memory sector remain positive, as consolidation, low supply growth and diversifying demand should increase the profits of suppliers, Roy believes. And although Micron said its capital spending would be above expectations, Roy expects these investments to help the company enhance its manufacturing process and efficiency, boosting its performance over the longer term. Micron may miss estimates in the short-term but its share price is unlikely to drop much further, and its performance should improve significantly next year, according to Roy. He kept an Overweight rating on the stock. BEARISH TAKE: The DRAM supply/demand dynamic probably won't improve and Micron's cost reductions probably won't outpace price declines until mid-2016, according to Wedbush analyst Betsy Van Hees. Although Van Hees believes that the company's spending will help it over the longer term, she forecast that the stock would "continue to struggle" until the DRAM supply/demand dynamic stabilizes. The analyst cut her price target on the name to $19 from $26. Micron's decision to raise its capital spending suggests that it is "overconfident" in its new chips, according to Bank of America/Merrill Lynch analyst Simon Dong-je Woo. The margins on the new chip "could easily" be negative, the analyst believes. Woo thinks that Micron's capital expenditures next year should be $3B-$4B versus the company's guidance of $5.3B-$5.8B. The analyst's target on the name fell to $19 from $28.40. PRICE ACTION: In late morning trading, Micron lost 0.2% to $17. Earlier the stock reached a new 52-week low of $16.12. The shares of another flash memory product maker, SanDisk (SNDK), were flat at $58.
10:55 EDTBRCMOptions with increasing implied volatility
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10:09 EDTMU, CSCOOn The Fly: Analyst Downgrade Summary
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09:51 EDTMUFollow-up: Micron downgraded to Neutral on capex hike at BofA/Merrill
As previously reported, BofA/Merrill downgraded Micron to Neutral from Buy. The firm said the unexpected FY16 capex hike may reflect overconfidence by management for new chips and could cause execution and earnings misses.. Additionally, BofA/Merrill said Hynix's capex increase is likely to be material and could lead to capex increases by rivals. The firm lowered its price target on shares to $19 form $28.40.
09:38 EDTMUActive equity options trading on open
Active equity options trading on open: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT
09:16 EDTMUMicron downgraded to Neutral from Buy at BofA/Merrill
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07:39 EDTCSCOTMC to hold a conference
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07:30 EDTMUMicron weakness from concerns with investment returns, says Susquehanna
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07:01 EDTMUMicron downgraded to Neutral from Outperform at Wedbush
07:00 EDTMUMicron upgraded to Market Perform from Underperform at Wells Fargo
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06:45 EDTCSCOCisco downgraded to Equal Weight from Overweight at Morgan Stanley
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06:31 EDTMUMicron share downside limited from here, says Piper Jaffray
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