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Stock Market & Financial Investment News

News Breaks
October 25, 2013
10:08 EDTSIRISirius XM retreats after Goldman cuts rating on shares
Shares of satellite radio company Sirius XM (SIRI) are sinking after Goldman Sachs downgraded the stock in a note to investors earlier today. WHAT'S NEW: Before the stock market opened today, Sirius' stock only had to rise 9% to equal Goldman's price target of $4.25, Goldman analyst Matthew Niknam wrote. Investors should await a more attractive entry point before buying the stock, he advised. Turning to Sirius' third quarter results, Niknam noted that the company's revenue came in below expectations. The analyst blamed the miss on lower than expected average revenue per user, or ARPU. However, Sirius' ARPU should get a boost from a price increase that the company plans to implement in January 2014, the analyst predicted. Nevertheless he downgraded the stock to Neutral from Buy and removed the stock from the firm's Americas Buy List. WHAT'S NOTABLE: Yesterday morning Sirius reported lower than expected third quarter earnings and revenue. The company's 2013 and 2014 revenue guidance both came in slightly below analysts' consensus estimates. TODAY'S PRICE ACTION: In early trading, Sirius fell 17c, or 4.4%, to $3.74.
News For SIRI From The Last 14 Days
Check below for free stories on SIRI the last two weeks.
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July 29, 2014
07:05 EDTSIRISirius XM backs FY14 revenue $4.1B, consensus $4.13B
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07:04 EDTSIRISirius XM reports Q2 net subscriber additions were 475,472
The total paid subscriber base reached a record 26.3M, up 5% from a year earlier. Self-pay net subscriber additions were 379,711, and the self-pay subscriber base reached a record high of 21.6M, up 7% from the second quarter of 2013. Paid and unpaid trials combined to produce a total trial funnel of 7.3M at the end of the second quarter.
07:04 EDTSIRISirius XM reports Q2 EPS 2c, consensus 2c
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July 28, 2014
15:47 EDTSIRINotable companies reporting before tomorrow's open
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July 24, 2014
05:49 EDTSIRIStocks with implied volatility movement; TLM SIRI
Stocks with implied volatility movement; Talisman Energy (TLM) 53, Sirius XM (SIRI) 26 according to iVolatility.
July 15, 2014
16:28 EDTSIRISirius XM announces additional $2B common stock repurchase program
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