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Stock Market & Financial Investment News

News For SCSC;FLEX;TECD;MU;EMC;AMD;PLXS;CTXS;SNX;DELL;IM From The Last 14 Days
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March 30, 2015
08:28 EDTMUMicron estimates lowered ahead of Q2 results at JPMorgan
JPMorgan reduced its estimates for Micron ahead of the company’s Q2 results on April 2 to reflect lower DRAM pricing trends in calendar Q1 driven by weak PC demand and its expectation for lower full year bit-supply growth as Micron aggressively moves to 20nm. The firm lowered its price target for shares to $37.50 from $40 but expects slight improvements in PC shipments and DRAM stabilization to serve as near-term catalysts for the stock. It keeps an Overweight rating on Micron.
05:56 EDTAMDStocks with implied volatility above IV index mean; RAD AMD
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March 27, 2015
16:43 EDTMUMarket finishes week lower as Yemen conflict, data weigh on shares
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10:03 EDTEMCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AEGON (AEG) downgraded to Neutral from Buy at Goldman... Alkermes (ALKS) downgraded to Neutral from Buy at Citigroup... American Eagle (AEO) downgraded to Sell from Neutral at Goldman... ArcelorMittal (MT) downgraded to Sell from Neutral at Citigroup... Black Diamond (BDE) downgraded to Sell from Hold at Feltl... Diodes (DIOD) downgraded to Outperform from Strong Buy at Raymond James... EMC (EMC) downgraded at Pacific Crest... Epizyme (EPZM) downgraded to Neutral from Buy at Citigroup... FutureFuel (FF) downgraded Neutral at Roth Capital... GameStop (GME) downgraded to Neutral from Buy at B. Riley... MSC Industrial (MSM) downgraded to Neutral from Outperform at RW Baird... Pioneer Energy (PES) downgraded to Hold from Buy at Deutsche Bank... Power Integrations (POWI) downgraded to Market Perform at Raymond James... Precision Drilling (PDS) downgraded to Hold from Buy at Deutsche Bank... SanDisk (SNDK) downgraded to Hold from Buy at Evercore ISI... Semtech (SMTC) downgraded to Outperform from Strong Buy at Raymond James... Swiss Re (SSREY) downgraded to Hold from Buy at Jefferies... Vantiv (VNTV) downgraded at SunTrust... Vivendi (VIVHY) downgraded to Underperform from Outperform at Exane BNP Paribas... WESCO (WCC) downgraded to Neutral from Outperform at RW Baird... World Acceptance (WRLD) downgraded to Underperform from Neutral at Macquarie... Zurich Insurance (ZURVY) downgraded to Neutral from Buy at Goldman.
08:03 EDTEMCEMC downgraded at Pacific Crest
As noted earlier, Pacific Crest downgraded EMC to Sector Perform from Outperform. As reasons for the downgrade, the firm cited checks indicating weak Q1 enterprise storage demand, the company's desire to consolidate which could increase near-term execution risks, margin risks due to aggressive pricing, and changes in technology with which the company may not be able to cope.
07:29 EDTMUConcerns over Micron overdone, says Bernstein
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06:08 EDTMUMicron, Intel unveil new 3D NAND flash memory
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05:58 EDTAMDStocks with implied volatility above IV index mean; AMZN AMD
Stocks with implied volatility above IV index mean; Amazon.com (AMZN) 39, AMD (AMD) 62 according to iVolatility.
05:56 EDTEMCEMC downgraded to Sector Perform from Outperform at Pacific Crest
March 26, 2015
12:03 EDTMUMicron April weekly volatility elevated into Q2 and outlook
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11:57 EDTMUSanDisk weakness likely company specific, says Piper Jaffray
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09:47 EDTAMDSouth Korean press says Samsung interested in AMD, Fudzilla reports
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08:32 EDTSCSCScansource becomes authorized Mitel distributor
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08:26 EDTAMD, MUSemi stocks less likely to rebound now than in 4Q14, says Goldman
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07:00 EDTMUSanDisk drops 14% after cutting Q1, 2015 revenue outlook
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05:57 EDTMUMicron checks show challenges for 20nm DRAM, says Piper Jaffray
Piper Jaffray says its recent checks with supply chain participants in Asia suggest Micron may be experiencing typical node-migration yield challenges for 20nm DRAM. Piper believes this could drive the company's FY15 bit growth below current management guidance, but it expects a recovery in FY16. Piper lowered its estimates for Micron, but continues to view the stock as undervalued. It reiterates an Overweight rating on the name with a $41 price target.
March 25, 2015
10:31 EDTCTXSUBS software analyst to hold an analyst/industry conference call
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10:08 EDTAMDAMD downgraded to Sell from Neutral at UBS
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10:00 EDTMUOn The Fly: Analyst Initiation Summary
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09:39 EDTAMDAMD downgraded to Sell from Neutral at UBS
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08:54 EDTEMCNetApp Arista among potential takeover targets for EMC, says RBC Capital
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08:00 EDTMUMicron shares should be bought on weakness, says Argus
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06:44 EDTMUMicron initiated with a Neutral at MKM Partners
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March 24, 2015
17:11 EDTMUPhototronics enters into supply and license agreement with Micron
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07:07 EDTMUMicron volatility increases into Q2 and outlook
Micron April weekly call option implied volatility is at 42, April is at 41, May is at 37, July is at 36; compared to its 26-week average of 39 according to Track Data, suggesting non-directional price movement into the expected release of Q2 results on April 2.
March 23, 2015
15:36 EDTEMCEMC announces the Federation Business Data Lake.
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10:00 EDTEMCOn The Fly: Analyst Downgrade Summary
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06:40 EDTEMCEMC downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded EMC (EMC) to Neutral to Neutral saying the company is facing increasing pressure from next-gen storage vendors and public cloud providers. Piper notes that it continues to hear Pure Storage and other vendors such as Nimble Storage (NMBL) are making inroads into the installed base of EMC. It cut its price target for shares to $27 from $30. The firm also downgraded NetApp (NTAP) to Neutral this morning for similar reasons, but says EMC has a more defensible position than NetApp.
06:00 EDTAMDAMD's former CEO may join Dell, Re/code reports
According to sources, former AMD (AMD) CEO Rory Read is close to a deal to join Dell, Re/code reports. Read, who also previously worked at Lenovo (LNVGY) and IBM (IBM), could become COO and president for global commercial sales at Dell. An announcement may come as early as today, the sources say. Reference Link
March 20, 2015
14:20 EDTMUMicron volatility flat into Q2 and outlook
Micron April weekly call option implied volatility is at 39, April is at 38, May is at 37, July is at 34; compared to its 26-week average of 39 according to Track Data, suggesting non-directional price movement into the expected release of Q2 results on April 2.
10:00 EDTTECDOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded at Stifel... American Capital Mortgage (MTGE) downgraded to Hold from Buy at Wunderlich... Campus Crest (CCG) downgraded at RBC Capital... Care.com (CRCM) downgraded to Neutral from Overweight at JPMorgan... Electrolux AB (ELUXY) downgraded to Neutral from Overweight at JPMorgan... Ericsson (ERIC) downgraded to Equal Weight from Overweight at Morgan Stanley... Extreme Networks (EXTR) downgraded at Raymond James... PrivateBancorp (PVTB) downgraded to Market Perform from Outperform at BMO Capital... TD Ameritrade (AMTD) downgraded to Neutral from Buy at Goldman... Tableau (DATA) downgraded at Mizuho... Tech Data (TECD) downgraded to Hold from Buy at Needham... Tesoro (TSO) downgraded at Wells Fargo... Ultra Clean (UCTT) downgraded to Hold from Buy at Needham... Vince Holding (VNCE) downgraded to Neutral from Overweight at Piper Jaffray... Youku Tudou (YOKU) downgraded to Sell from Hold at Deutsche Bank.
08:09 EDTTECDTech Data downgraded on balanced risk/reward at Needham
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07:47 EDTTECDTech Data downgraded to Hold from Buy at Needham
07:23 EDTTECDTech Data price target lowered to $63 from $73 at Brean Capital
Brean Capital lowered its price target on Tech Data to $63 from $73 citing soft European revenues. The firm remains positive on the stock due to higher growth and margin opportunities and reiterated its Buy rating on Tech Data shares.
March 19, 2015
06:08 EDTTECDTech Data reports Q4 non-GAAP EPS $1.96, consensus $2.03
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06:07 EDTTECDTech Data sees Q1 revenue growth in low single digits, consensus $6.29B
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March 18, 2015
15:20 EDTTECDNotable companies reporting before tomorrow's open
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11:25 EDTMUStocks with call strike movement; SWKS MU
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09:36 EDTMUActive equity options trading on open
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09:03 EDTTECD, IMIngram Micro acquires Tech Data's Peruvian and Chilean businesses
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08:08 EDTMUSamsung postponed DRAM equipment orders, says JPMorgan
JPMorgan says its research indicates Samsung has recently postponed a "meaningful" level of DRAM equipment orders by up to two quarters. The firm views the push outs as evidence of discipline in the DRAM supply chain and a positive for Micron (MU). It believes the DRAM pricing environment should stabilize starting in Q2 and recommends buying shares of Micron at current levels. It has an Overweight rating on the name with a $40 price target.
07:49 EDTEMCSenate Judiciary Committee to hold a hearing
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March 17, 2015
14:55 EDTCTXSVMware to face more competitive process for DOD contract, says Stifel
After government websites indicated that Citrix (CTXS), Amazon (AMZN) and others succeeded in getting the DoD to reconsider its awarding of a $1.6B, five-year contract to VMware (VMW), Stifel said it doesn't think VMware has necessarily lost the opportunity, but that the company will now likely face a more competitive bidding process to win the deal. The firm view this example as supporting its concerns that VMware's steps to become a more strategic vendor have the potential to be as much of a threat as an opportunity and Stifel maintains its Hold rating on the stock.
14:43 EDTCTXSVMware award from DISA canceled after protest, siliconANGLE reports
On March 12, the Defense Information Security Agency, or DISA, reversed a decision to award VMware (VMW) with a $1.6B contract following protests by Amazon Web Services (AMZN), Citrix Systems (CTXS), and others, reported siliconANGLE. A government posting noted that "Amendment 0002 is issued to cancel the request for proposal to further analyze the government's needs." Reference Link
11:16 EDTMUMicron falls, levels to watch
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08:00 EDTMUMicron FY16 EPS estimate lowered at RBC Capital
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March 16, 2015
08:24 EDTMUMicron pricing pressure to ease in 2H15, says Deutsche Bank
Deutsche Bank lowered its estimates on Micron to reflect near-term PC DRAM weakness, but the firm expects pricing pressure to ease in 2H15, driven by seasonal PC build, higher mobile content and a DDR4 upgrade cycle. The firm thinks the company will have a number of positive catalysts in 2016, and it keeps a $40 price target and Buy rating on the shares.
08:03 EDTIMFrontier Communications unit announces alliance with DistiNow
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