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Stock Market & Financial Investment News

News Breaks
April 30, 2014
08:32 EDTROVI, ARRSRovi signs new long-term patent license agreement with ARRIS
Rovi (ROVI) announced that it has signed a new, multi-year, global patent license agreement with ARRIS (ARRS). The agreement provides ARRIS with a license for its solutions across set-top boxes and on second-screen platforms. The long-term licensing agreement extends into the next decade.
News For ROVI;ARRS From The Last 14 Days
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April 30, 2015
16:26 EDTROVIRovi sees FY15 EPS $1.55-$1.85, consensus $1.72
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16:25 EDTROVIRovi reports Q1 EPS 39c, consensus 37c
Reports Q1 revenue $134M, consensus $131.06M.
10:36 EDTARRSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ARRIS (ARRS) upgraded to Strong Buy from Outperform at Raymond James... Acadia (ACHC) upgraded to Outperform from Market Perform at Wells Fargo... Alexandria Real Estate (ARE) upgraded to Buy from Neutral at Mizuho... Axiall (AXLL) upgraded to Buy from Neutral at Citigroup... British American Tobacco (BTI) upgraded to Buy from Hold at Societe Generale... Buffalo Wild Wings (BWLD) upgraded at Baird... CBIZ, Inc. (CBZ) upgraded to Overweight from Equal-Weight at First Analysis... Cameco (CCJ) upgraded to Outperform from Market Perform at Raymond James... Cinedigm (CIDM) upgraded to Outperform from Neutral at Macquarie... Commerzbank (CRZBY) upgraded to Neutral from Sell at Goldman... Equity One (EQY) upgraded to Neutral from Underperform at Credit Suisse... Garmin (GRMN) upgraded to Market Perform from Underperform at Raymond James... Genworth (GNW) upgraded to Buy from Neutral at Compass Point... Group 1 Automotive (GPI) upgraded to Neutral from Sell at Goldman... JetBlue (JBLU) upgraded to Outperform from Neutral at Credit Suisse... KBR (KBR) upgraded to Buy from Hold at Johnson Rice... Michelin (MGDDY) upgraded to Outperform from Neutral at Exane BNP Paribas... Mondelez (MDLZ) upgraded to Buy from Hold at Deutsche Bank... Nabors Industries (NBR) upgraded to Neutral from Reduce at Global Hunter... Office Depot (ODP) upgraded to Buy from Hold at Jefferies... PCTEL, Inc. (PCTI) upgraded to Buy from Neutral at B. Riley... Patterson-UTI (PTEN) upgraded to Buy from Accumulate at Global Hunter... Progressive (PGR) upgraded to Buy from Neutral at UBS... Santander Consumer (SC) upgraded to Outperform from Neutral at Macquarie... Spirit Airlines (SAVE) upgraded at Evercore ISI... Staples (SPLS) upgraded to Buy from Hold at Jefferies.
09:18 EDTARRSARRIS upgraded to Strong Buy from Outperform at Raymond James
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06:45 EDTARRSARRIS upgraded to Strong Buy from Outperform at Raymond James
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05:51 EDTROVIRovi announces renewing of licensing, product agreement with Grundig
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April 29, 2015
16:11 EDTARRSARRIS sees Q2 adjusted EPS 53c-58c, consensus 58c
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16:10 EDTARRSARRIS reports Q1 adjusted EPS 44c, consensus 44c
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05:37 EDTARRSARRIS announces partnership with Akamai
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April 28, 2015
13:55 EDTROVIEngaged Capital says 'pleased' with ISS recommendation on Rovi
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11:20 EDTROVIRovi says strongly disagrees with ISS recommendation
Rovi Corporation issued the following statement in response to the recommendation issued by ISS regarding the election of directors at the companyís 2015 Annual Meeting of Stockholders, which will be held on May 13. "We believe Roviís seven highly qualified directors are best positioned to continue executing Roviís strategic plan and drive value for Rovi stockholders. Our Board has taken deliberate actions to transform Roviís leadership, strategy and structure, and we are now well-positioned to leverage our compelling patent portfolio and continue developing next-generation products to drive sustainable returns. Engaged Capital has not articulated a vision or alternative plan for Rovi beyond generic corporate finance strategies, and we strongly disagree with ISSí recommendation that stockholders vote for Engaged Capital nominees Raghavendra Rau and Glenn Welling. While we understand ISS has a history of supporting dissidents, we believe that supporting Engaged Capitalís slate of nominees, none of whom have compelling track records or expertise, is not in the best interests of our stockholders. We trust our stockholders will make an independent assessment in deciding the best path forward for Rovi.Ē Roviís Board of Directors and management team intend to provide a more detailed response shortly. Rovi encourages its stockholders to vote the BLUE proxy card.
April 27, 2015
06:42 EDTROVIRovi issues letter to stockholders regarding upcoming Annual Meeting
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April 23, 2015
16:49 EDTARRSOn The Fly: Top stock stories for Thursday
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13:01 EDTARRSOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday amid another deluge of earnings reports. Stocks began the session in negative territory and have remained there through the morning before crossing into positive ground right near noon. The averages gapped up after making it back to the green, putting the Nasdaq back above the all-time closing record it achieved in 2000. A question for the afternoon will be whether the average can hold on to set a new all-time closing high fifteen years later. ECONOMIC EVENTS: In the U.S., initial jobless claims inched up 1K to 295K in the week ended April 18, versus the expected 287K first-time claims. Markit's flash manufacturing PMI fell 1.5 points to 54.2 in April, versus expectations for it to hold steady at 55.7. New home sales dropped 11.4% to a 481K rate in March, versus expectations for a less severe 4.5% drop to a 515K rate. COMPANY NEWS: Shares of Time Warner Cable (TWC) slid about 1% after The Wall Street Journal reported that the FCC's staff recommended a course of action that could derail the company's merger with Comcast (CMCSA). However, research firm Jefferies remained upbeat on Time Warner Cable shares, upgrading the stock this morning and saying that Charter (CHTR) would probably buy the company if the government nixes the Comcast deal... Among members of the Dow that issued earnings reports this morning, Caterpillar (CAT) slid fractionally while 3M (MMM) and Procter & Gamble (PG) each fell about 2%. MAJOR MOVERS: Among the notable gainers was ARRIS (ARRS), which jumped 21% after the company agreed to acquire its competitor Pace for aggregate stock and cash consideration of $2.1B. Also higher following their earnings reports were Skechers (SKX), which rose nearly 13%, and Dunkin' Brands (DNKN), which gained 8.5%. Among the noteworthy losers was MobileIron (MOBL), which plunged 22% after the company warned of a Q1 revenue miss and announced the resignation of its CFO. Also lower following their earnings reports were Texas Instruments (TXN), which fell 7%, and General Motors (GM), which declined nearly 4%. INDEXES: Near midday, the Dow was up 81.31, or 0.45%, to 18,119.58, the Nasdaq was up 22.69, or 0.45%, to 5,057.86, and the S&P 500 was up 10.32, or 0.49%, to 2,118.28.
10:13 EDTARRSHigh option volume stocks
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09:22 EDTROVIEngaged Capital sends letter to Rovi holders over board nominees
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09:18 EDTARRSOn The Fly: Pre-market Movers
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07:51 EDTARRSARRIS price target raised to $44 from $34 at Brean Capital
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April 22, 2015
19:14 EDTARRSOn The Fly: After Hours Movers
UP AFTER EARNINGS: Select Comfort (SCSS), up 3.3%... Alliance Fiber Optic (AFOP), up 6.9%... eBay (EBAY), up 6.2%... Cheesecake Factory (CAKE), up 5.6%... O'Reilly Automotive (ORLY), up 3.8%... Corelogic (CLGX), up 3.2%... Skechers (SKX), up 2.5%... AT&T (T), up 1.3%. ALSO HIGHER: ARRIS Group (ARRS), up 24.9% after acquiring Pace plc. for $2.1B in cash and stock... Esperion Therapeutics (ESPR), up 2.5% after being initiated with an Outperform at RBC Capital... Uniqure (QURE), up 3.7% after being initiated with an Outperform at BMO Capital. DOWN AFTER EARNINGS: Texas Instruments (TXN), down 6.7%... Las Vegas Sands (LVS), down 4.2%... Oceaneering International (OII), down 3.7%... F5 Networks (FFIV), down 2.8%... Xilinx (XLNX), down 3.3%... Qualcomm (QCOM), down 3%... Facebook (FB), down 2.2%... Tractor Supply (TSCO), down 3.1%. ALSO LOWER: Noble Corp (NE), down 1.2% after being downgraded to Underweight from Equal Weight at Morgan Stanley.
16:33 EDTARRSARRIS acquires Pace plc. for $2.1B in cash, stock
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