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Stock Market & Financial Investment News

News Breaks
March 17, 2014
11:26 EDTSONS, AUDC, ORCL, ALUSonus jumps after analyst calls ‘most underappreciated’ in tech
Shares of Sonus Networks (SONS) are climbing after research firm Jefferies wrote that the company "may be the most underappreciated story in the tech sector." Sonus develops Internet Protocol communications networks. WHAT'S NEW: After attending Sonus' Analyst Day on Thursday, Jefferies analyst James Kisner wrote that the company had "a very bullish tone" and unveiled "a barrage of positive data points." Sonus said that demand for some systems that use its products are increasing, the analyst wrote. Additionally, the company announced many impressive announcements about its customers, Kisner reported. Meanwhile, given that Sonus is taking share in a space in which Oracle (ORCL) has already made two acquisitions, while operating in a sector linked to WhatApp's business, investors are showing relatively little interest in Sonus, contended the analyst. Kisner thinks the stock can reach $10 by 2017, and he reiterated a Buy rating on the shares. OTHERS TO WATCH: Alcatel-Lucent (ALU) sells Internet Protocol routers, while AudioCodes (AUDC) provides voice over Internet equipment. PRICE ACTION: In mid-morning trading, Sonus climbed 18c, or 5%, to $3.62.
News For SONS;ORCL;AUDC;ALU From The Last 14 Days
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February 11, 2016
05:33 EDTALUNokia sees about EUR 900M of net operating cost synergies achived in FY18
Compared to the combined non-IFRS operating costs of Nokia (NOK) and Alcatel-Lucent (ALU) for FY15. Expected to be derived from a wide range of initiatives related to operating expenses and cost of sales, including: Streamlining of overlapping products and services, particularly within the Mobile Networks business group; Rationalization of regional and sales organizations; Rationalization of overhead, particularly within manufacturing, supply-chain, real estate and information technology; Reduction of central function and public company costs; and Procurement efficiencies, given the combined company's expanded purchasing power.
05:32 EDTALUNokia not providing annual guidance at this time due to Alcatel-Lucent deal
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February 10, 2016
05:43 EDTALUNokia says holds 91% of Alcatel-Lucent after second round of offer
The French stock market authority, Autorite des Marches Financiers, published the results of the reopened offer period of Nokia's (NOK) public exchange offer for Alcatel-Lucent (ALU) securities in France and in the United States. 426 695 572 Alcatel-Lucent ordinary shares, 52 286 499 American depositary shares, 4 795 096 OCEANE 2018 convertible bonds, 19 971 720 OCEANE 2019 convertible bonds, and 56 644 832 OCEANE 2020 convertible bonds have been tendered into the Reopened Offer in France and/or in the U.S. As a consequence, following settlement of the Reopened Offer which is expected to occur on February 12, 2016, Nokia will hold 91.25% of the share capital and at least 91.17% of the voting rights of Alcatel Lucent, 99.62% of the outstanding OCEANE 2018 convertible bonds, 37.18% of the outstanding OCEANE 2019 convertible bonds, and 68.17% of the outstanding OCEANE 2020 convertible bonds. This equates to Nokia holding 88.07% of the share capital on a fully diluted basis. Nokia will convert all of the OCEANE convertible bonds it will hold following settlement of the Reopened Offer on February 12, 2016. Consequently, less than 15% of the 2018 OCEANE convertible bonds will be outstanding and Nokia will cause Alcatel-Lucent to redeem at par value, plus accrued interest from the date the interest was last paid, to the date set for the early redemption all of the outstanding 2018 OCEANE convertible bonds, pursuant to the terms and conditions of such OCEANE convertible bonds. After the conversion of the OCEANE convertible bonds tendered into the Reopened Offer at the applicable improved conversion ratios, Nokia will hold 92.34% of the share capital and at least 92.26% of the voting rights of Alcatel-Lucent. As previously announced, the Alcatel-Lucent ADS program will be terminated following the settlement of the Reopened Offer, on February 24, 2016, and Nokia intends to cause Alcatel-Lucent to delist Alcatel-Lucent's ADSs from the NYSE and, subject to applicable law, deregister Alcatel-Lucent's ADSs under U.S. securities laws.
February 2, 2016
11:50 EDTALUOptions with increasing put volume; BKLN AKS ROK MCHP EXXI TPX ALU TXT RCL
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05:41 EDTORCLStocks with implied volatility movement; ORCL COP
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