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Stock Market & Financial Investment News

News Breaks
June 26, 2014
08:32 EDTSANMSanmina and Pluribus announce agreement for next-gen computing appliance
Sanmina and Pluribus Networks announced they have signed an agreement for Sanmina to manufacture the next generation of the Pluribus Freedom F-Series high-performance network computing appliances. This agreement is based on Sanmina's successful design of the F-Series product for Pluribus. Sanmina is a provider of integrated manufacturing solutions making some of the world's most complex and innovative optical, electronic and mechanical products. Pluribus Networks is an innovator in the hyperconvergence space that delivers server economics to networking for both cloud operators and enterprises.
News For SANM From The Last 14 Days
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April 20, 2015
18:48 EDTSANMOn The Fly: After Hours Movers
UP AFTER EARNINGS: Lam Research (LRCX), up 9.2%... Fortinet (FTNT), up 9%. ALSO HIGHER: Lumber Liquidators (LL), up 2% after being initiated with a Buy, $45 target at Cantor... Geron (GERN), up 2.2% after being initiated with an Outperform at Oppenheimer... Applied Materials (AMAT), up 1.6% after Lam Research reported quarterly results. DOWN AFTER EARNINGS: Sanmina (SANM), down 10.5%... IBM (IBM), down marginally... Rambus (RMBS), down 3.7%.
18:05 EDTSANMElectronic manufacturing stocks under pressure after Sanmina Q3 results
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16:26 EDTSANMSanmina drops sharply after hours on Q3 EPS view
The stock is down over 9.8% to $21.05 at time of writing. At that price next support is at $20.22. Resistance is at $21.83.
16:23 EDTSANMSanmina Q3 view reflects headwinds in communications networks segment
"I am pleased with our profitability and cash generation in an environment where we had unexpectedly soft revenue," stated Jure Sola, Chairman and Chief Executive Officer. "Our third quarter outlook reflects continued headwind in our communications networks segment offset by growth in the industrial, medical and defense segment."
16:23 EDTSANMSanmina sees Q3 EPS 48c-52c, consensus 56c
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16:21 EDTSANMSanmina reports Q2 EPS 50c, consensus 53c
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15:37 EDTSANMNotable companies reporting after market close
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April 14, 2015
10:01 EDTSANMOn The Fly: Analyst Downgrade Summary
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08:17 EDTSANMSanmina downgraded at Longbow
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08:01 EDTSANMSanmina downgraded to Neutral from Buy at Longbow
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April 7, 2015
06:31 EDTSANMCiti sees currency driving guidance cuts in technology supply chain
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