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News Breaks
May 5, 2014
06:15 EDTJNPR, SPEXSpherix commences federal litigation against Juniper for patent infringement
Spherix (SPEX) commenced litigation against Juniper Networks (JNPR), in the U.S. District Court for the District of Delaware, alleging that the Sunnyvale, California based company infringes five patents owned by Spherix. The patents asserted in the litigation were developed by Nortel Networks and acquired by Spherix in December 2013. The technology at issue relates to routers and switches sold by Juniper that move data across a network and are five of the same patents previously asserted by Spherix against Cisco. Spherix contends that the scope of Juniper's infringement of the asserted patents has been and continues to be substantial. Juniper is one of the world's largest manufacturers and sellers of routing and switching products for high-performance networks. The complaint alleges that for Juniper's fiscal year ending December 31, 2013, Juniper had revenues of over $2.24B from routers, $638M from switches and more than $790M from services. Similar revenues were reported for Juniper's 2011 and 2012 fiscal years. The complaint goes on to allege that the majority of Juniper's revenue from at least January 1, 2011 until the present is and has been generated by products and services implementing technology that infringes the asserted patents.
News For SPEX;JNPR From The Last 14 Days
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February 4, 2016
06:11 EDTSPEXSpherix announces VTech/Uniden cases to get underway
Spherix provided an update on the company's cases against VTech and Uniden in the Northern District of Texas and announcing that those litigations are moving forward. The cases against VTech and Uniden have been stayed since September 10, 2015, pending the outcome of two Inter Partes Re-examination, or IPR, proceedings that VTech and Uniden filed in the U.S. Patent Office. The IPR was initiated on only certain claims of two of the patents that Spherix has asserted. Other patents asserted against these defendants were not part of the IPR and not impacted by the IPR decision.
January 29, 2016
10:05 EDTJNPROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Atlassian (TEAM) upgraded on positive outlook at JMP Securities... BRF S.A. (BRFS) upgraded to Buy from Hold at Deutsche Bank... Bank of America (BAC) upgraded to Outperform from Sell at CLSA... CEMEX (CX) upgraded to Buy from Hold at Jefferies... Chemical Financial (CHFC) upgraded to Outperform from Market Perform at Fig Partners... Computer Programs (CPSI) upgraded to Buy from Hold at Topeka... DST Systems (DST) upgraded to Outperform at Baird... Diamond Offshore (DO) upgraded to Neutral from Sell at Citi... First Cash Financial (FCFS) upgraded to Buy from Neutral at Janney Capital... First Merchants (FRME) upgraded to Overweight from Equal Weight at Stephens... Flex (FLEX) upgraded on solid results at Stifel... Intercept (ICPT) upgraded to Equal Weight from Underweight at Morgan Stanley... J.C. Penney (JCP) upgraded to Neutral from Underperform at Credit Suisse... JetBlue (JBLU) upgraded to Buy from Hold at Evercore ISI... Juniper (JNPR) upgraded to Outperform from Market Perform at Bernstein... Live Oak Bancshares (LOB) upgraded to Buy from Neutral at SunTrust... Microsemi (MSCC) upgraded to Outperform from Market Perform at Wells Fargo... NetSuite (N) upgraded to Buy from Hold at Canaccord... NextEra Energy (NEE) upgraded to Outperform at Baird... Oshkosh (OSK) upgraded to Buy from Neutral at SunTrust... PC Connection (PCCC) upgraded to Market Perform from Underperform at Raymond James... Pinnacle Financial (PNFP) upgraded to Overweight from Equal Weight at Stephens... Potash (POT) upgraded to Outperform from Sector Perform at Scotiabank... Rayonier (RYN) upgraded on valuation at BMO Capital... SanDisk (SNDK) upgraded to Buy from Hold at Needham... Select Comfort (SCSS) upgraded to Outperform from Neutral at Wedbush... Sotherly Hotels (SOHO) upgraded to Buy from Neutral at Janney Capital... Textura (TXTR) upgraded to Outperform from Market Perform at Northland... Valley National (VLY) upgraded to Buy from Hold at Sandler O'Neill.
06:53 EDTJNPRJuniper upgraded to Outperform from Market Perform at Bernstein
Bernstein analyst Pierre Ferragu upgraded Juniper to Outperform with a $31 price target on shares. The analyst said shares have fallen to attractive levels while fundamentals are strong and stable to improving. Ferragu said the cautious Q1 guidance reflects management being prudent given the uncertain macro environment and reminds investors 65% of revenues come from the Service Provider market, which means the company will benefit from late cycle exposure and could surprise to the upside, at least initially. Furthermore, the analyst said the CFO resignation and transition had been in the plans for some time and presents no risk.
January 28, 2016
11:18 EDTJNPROptions with increasing put volume
Options with increasing put volume: DRII SNE LH CAVM KSS UCO ILMN JBLU AVT SWK JNPR RRC CL HES
09:19 EDTJNPROn The Fly: Pre-market Movers
UP AFTER EARNINGS: Facebook (FB), up 13.9%... Under Armour (UA), up 14.6%... MicroStrategy (MSTR), up 8.9%... Harley-Davidson (HOG), up 8%... Paypal (PYPL), up 6%... Mellanox (MLNX), up 7.9%... Cirrus Logic (CRUS), up 6.2%... Alibaba (BABA), up 4.5%. ALSO HIGHER: Neos Therapeutics (NEOS), up 61.4% after the FDA approved Adzenys XR-ODT for the treatment of ADHD... Exelixis (EXEL), up 4.7% after the U.S. FDA determined the company's New Drug Application for cabozantinib is sufficiently complete... Kinder Morgan (KMI), up 6.7% after being upgraded at Credit Suisse and Stifel. DOWN AFTER EARNINGS: OSI Systems (OSIS), down 21.3%... ServiceNow (NOW), down 22.3%... eBay (EBAY), down 11.5%... InvenSense (INVN), down 10.5%... Juniper Networks (JNPR), down 9.3%... Hologic (HOLX), down 4.4%... Abbott Laboratories (ABT), down 3.6%... Potash (POT), down 2.1%... Qualcomm (QCOM), down 3.6%.
08:33 EDTJNPROptions expected to be active
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07:29 EDTJNPRJuniper weakness likely to create buying opportunity, says Wells Fargo
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06:39 EDTJNPRJuniper pullback a buying opportunity, says Deutsche Bank
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January 27, 2016
19:30 EDTJNPROn The Fly: After Hours Movers
UP AFTER EARNINGS: Facebook (FB), up 11.4%... Mellanox (MLNX), up 6.4%... Paypal (PYPL), up 5%... Crown Castle (CCI), up 2.2%... Citrix (CTXS), up 2.4%... Las Vegas Sands (LVS), up 1%... SanDisk (SNDK), up 1%. ALSO HIGHER: Radius Health (RDUS), up 1.2% after announcing a clinical collaboration with Novartis (NVS)... LinkedIn (LNKD) is up 2.4%, Alphabet (GOOG, GOOGL) is up 2.2% and 2.6%, respectively, Netflix (NFLX) is up 1%, (AMZN) is up 2%, and Twitter (TWTR) is up marginally after Facebook reported quarterly results... MGM Resorts (MGM) is up 2.2% and Wynn Resorts (WYNN) is up 2.2%. DOWN AFTER EARNINGS: ServiceNow (NOW), down 16.5%... eBay (EBAY), down 12.8%... United Rentals (URI), down 9.7%... Juniper Networks (JNPR), down 9.6%... Silicon Graphics (SGI), down 9.1%... Discover Financial (DFS), down 7.4%... InvenSense (INVN), down 6.1%... Core Laboratories (CLB), down 4.3%... Vertex Pharmaceuticals (VRTX), down 1.1%. ALSO LOWER: Incyte (INCY), down 12.8% after announcing that it will halt the Phase 2 sub-study of ruxolitinib or placebo in combination with regorafenib after a planned interim analysis of the high CRP subgroup demonstrated that ruxolitinib plus regorafenib did not show a sufficient level of efficacy to warrant continuation.
16:26 EDTJNPRJuniper drops sharply after earnings news
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16:23 EDTJNPRJuniper CFO to resign
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16:21 EDTJNPRJuniper sees Q1 EPS 42c-46c, consensus 47c
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16:20 EDTJNPRJuniper reports Q4 EPS 63c, consensus 59c
Reports Q4 revenue $1.32B, consensus $1.3B.
14:34 EDTJNPRNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Facebook (FB), consensus 68c... Qualcomm (QCOM), consensus 90c... Texas Instruments (TXN), consensus 69c... McKesson (MCK), consensus $3.13... PayPal (PYPL), consensus 35c... Las Vegas Sands (LVS), consensus 65c... eBay (EBAY), consensus 50c... Crown Castle (CCI), consensus $1.10... Vertex (VRTX), consensus 17c... Discover (DFS), consensus $1.30... SanDisk (SNDK), consensus 89c... ServiceNow (NOW), consensus 8c... Lam Research (LRCX), consensus $1.43... Citrix Systems (CTXS), consensus $1.19... Hologic (HOLX), consensus 42c... Juniper (JNPR), consensus 59c... Cavium (CAVM), consensus 28c... Cirrus Logic (CRUS), consensus 81c.
January 26, 2016
15:18 EDTJNPRJuniper volatility elevated into Q4 and outlook
Juniper January weekly call option implied volatility is at 100, February is at 42; compared to its 52-week range of 21 to 54, suggesting large near term price movement into the expected release of Q4 results on January 27.
14:05 EDTJNPRJuniper acquires cloud networking firm BTI Systems
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