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Stock Market & Financial Investment News

News Breaks
March 31, 2014
07:09 EDTCNQR, SNCR, ULTISynchronoss, Concur and Ultimate Software recommended at Credit Suisse
Credit Suisse said the pullback in SaaS/subscription software stocks has created a buying opportunity for its top-picks Synchronoss (SNCR), Concur (CNQR) and Ultimate Software (ULTI). The firm said there has been no change in fundamentals and valuations are attractive.
News For SNCR;CNQR;ULTI From The Last 14 Days
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February 8, 2016
14:34 EDTULTIUltimate Software mentioned cautiously by Suhail Capital
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10:26 EDTSNCROak Ridge reports 5.8% passive stake in Synchronoss
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10:23 EDTSNCROak Ridge reports 5.8% passive stake in Synchronoss
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10:00 EDTULTIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Amedisys (AMED) upgraded to Outperform from Perform at Oppenheimer... American Campus (ACC) upgraded to Buy at Canaccord... Beacon Roofing (BECN) upgraded to Strong Buy from Outperform at Raymond James... Big 5 Sporting (BGFV) upgraded on potential Sports Authority closures at Stifel... CenterState Banks (CSFL) upgraded to Outperform from Market Perform at Fig Partners... Cisco (CSCO) upgraded to Neutral from Underperform at Macquarie... Dollar Tree (DLTR) upgraded to Outperform from Market Perform at Telsey Advisory... Dow Chemical (DOW) upgraded to Positive from Neutral at Susquehanna... Essex Property Trust (ESS) upgraded to Buy from Neutral at Mizuho... Globant (GLOB) upgraded to Buy from Neutral at Citi... Kinross Gold (KGC) upgraded on valuation, higher gold price at BMO Capital... L Brands (LB) upgraded to Buy from Hold at Brean Capital... Marvell (MRVL) upgraded to Buy from Sell at B. Riley... Munich Re (MURGY) upgraded to Neutral from Underperform at Credit Suisse... OM Asset Management (OMAM) upgraded to Buy from Neutral at Citi... Orbital ATK (OA) upgraded to Overweight from Sector Weight at KeyBanc... SCANA (SCG) upgraded to Buy from Neutral at Mizuho... Sensient (SXT) upgraded to Buy from Hold at Gabelli... St. Jude Medical (STJ) upgraded to Hold from Sell at Canaccord... Suffolk Bancorp (SCNB) upgraded to Outperform from Market Perform at Fig Partners... Supernus (SUPN) upgraded to Buy from Hold at Jefferies... Ultimate Software (ULTI) upgraded to Outperform from Market Perform at FBR Capital... ZAGG (ZAGG) upgraded to Outperform from Market Perform at Northland... athenahealth (ATHN) upgraded to Buy from Hold at Topeka.
09:14 EDTULTISoftware stocks should be bought aggressively after pullback, says Roth Capital
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07:01 EDTULTIUltimate Software upgraded to Outperform from Market Perform at FBR Capital
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February 4, 2016
14:45 EDTSNCRSynchronoss announces $100M share repurchase plan
Synchronoss Technologies announced that its Board of Directors has approved a share repurchase program under which the company may repurchase up to $100M of its outstanding common stock. Synchronoss plans to make such purchases at prevailing prices over the next 12 to 18 months.
10:01 EDTSNCROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Anglo Platinum (AGPPY) downgraded to Neutral from Overweight at JPMorgan... Buffalo Wild Wings (BWLD) downgraded to Neutral from Buy at Longbow... Changyou.com (CYOU) downgraded to Neutral from Outperform at Credit Suisse... Enbridge (ENB) downgraded to Neutral from Outperform at Credit Suisse... Esterline (ESL) downgraded to Hold at Drexel Hamilton... Franco-Nevada (FNV) downgraded to Neutral from Outperform at Credit Suisse... GoPro (GPRO) downgraded on results, guidance at Sterne Agee CRT... Heat Biologics (HTBX) downgraded to Speculative Buy from Buy at Cantor... Illumina (ILMN) downgraded to Hold from Buy at Canaccord... Intrawest Resorts (SNOW) downgraded to Neutral from Outperform at Macquarie... Match Group (MTCH) downgraded to Equal Weight from Overweight at Barclays... Memorial Resource (MRD) downgraded to Hold from Accumulate at Tudor Pickering... Pacific Biosciences (PACB) downgraded to Neutral from Overweight at Piper Jaffray... Peabody (BTU) downgraded to Underperform from Market Perform at FBR Capital... Peak Resorts (SKIS) downgraded to Underperform from Neutral at Macquarie... PennyMac Mortgage (PMT) downgraded to Market Perform from Outperform at Wells Fargo... Petrobras (PBR) downgraded to Underweight from Neutral at JPMorgan... Sensata (ST) downgraded to Neutral from Overweight at Atlantic Equities... Shutterfly (SFLY) downgraded to Neutral from Buy at BofA/Merrill... Star Bulk Carriers (SBLK) downgraded to Neutral from Speculative Buy at Seaport Global... Synchronoss (SNCR) downgraded at Stifel... Wabtec (WAB) downgraded to Neutral from Buy at Goldman.
08:24 EDTSNCRSynchronoss downgraded at Stifel
As noted earlier, Stifel downgraded Synchronoss to Hold from Buy. The firm thinks the quality of the company's better than expected cloud results was lower than it initially appeared. Specifically, the company's joint venture with Verizon (VZ) "contributed at least $18M in one-time Cloud revenue in Q4," according to the firm.
06:24 EDTSNCRSynchronoss downgraded to Hold from Buy at Stifel
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February 3, 2016
08:54 EDTSNCRSynchronoss sees FY16 EPS $2.22-$2.45, consensus $2.51
Sees FY16 non-GAAP revenue $655M-$680M, consensus $679.31M. Sees FY16 Cloud Services revenue $378M-$391M. Sees FY16 Enterprise Business producing revenues in the single-digit range. Sees FY16 Activation Services revenue $277M-$289M.
08:54 EDTSNCRSynchronoss sees Q1 EPS 44c-50c, consensus 55c
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08:46 EDTULTIUltimate Software reported 'excellent results,' says JMP Securities
After Ultimate Software's results beat expectations, JMP Securities notes that the company reported that its new ARR bookings jumped 56% year-over-year last quarter, while each of its sales teams exceeded expectations. The firm says these metrics indicate that the company has strong momentum. JMP keeps a $193 price target and Outperform rating.
08:42 EDTSNCRSynchronoss says recently entered into JV with Verizon
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08:03 EDTSNCRSynchronoss reports Q4 adjusted EPS 61c, consensus 57c
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07:56 EDTULTIUltimate Software 'firing on all cylinders,' says SunTrust
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February 2, 2016
19:22 EDTULTIOn The Fly: After Hours Movers
UP AFTER EARNINGS: Boot Barn (BOOT), up 16.5%... Wabash National (WNC), up 9.7%... Oclaro (OCLR), up 6.8%... Myriad Genetics (MYGN), up 8%... Ultimate Software Group (ULTI), up 6.2%... Natural Health (NHTC), up 6.2%... Edwards Lifesciences (EW), up 6.2%... Viavi Solutions (VIAV), up 2.4%... Gilead Sciences (GILD), up just under 1%. DOWN AFTER EARNINGS: Match Group (MTCH), down 7.3%... Yahoo (YHOO), down 1.2%... Chipotle (CMG), down 7.1%. ALSO LOWER: Barnes & Noble (BKS), down 2.4% after General Growth (GGP) CEO Sandeep Mathrani announced that Amazon (AMZN) is going to open 300-400 brick-and-mortar bookstores.
16:03 EDTULTIUltimate Software sees FY16 revenue up 25%, consensus $758.04M
Sees FY16 recurring revenue up 26%. Sees adjusted operating margin 21%.
16:02 EDTULTIUltimate Software sees Q1 revenue $180M, consensus $179.09M
Sees Q1 recurring revenue $150M. Sees adjusted operating margin 18%.
16:01 EDTULTIUltimate Software reports Q4 adjusted EPS 83c, consensus 73c
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