New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
March 5, 2015
10:05 EDTSIRIOn The Fly: Analyst Initiation Summary
Subscribe for More Information
08:09 EDTSIRIDeutsche Bank hosts an Analyst/Industry Media & Entertainment conference call
Subscribe for More Information
05:40 EDTSIRISirius XM initiated with a Hold at Deutsche Bank
Subscribe for More Information
February 25, 2015
16:26 EDTSIRILiberty Media reiterates 2015 guidance
Subscribe for More Information
16:25 EDTSIRILiberty Media reports Q4 revenue $1.09B, consensus $1.09B
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use