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April 23, 2014
08:08 EDTAEGR, WWWW, FUN, WRLD, SONS, NVAX, NRF, SIRI, ORN, DY, BIG, ORB, CR, SPLK, NCS, PLCESplunk, Big Lots on FBR's list of stocks that can double
FBR Capital compiled a list of stocks it believes can double within two years. The names on the list are: Big Lots (BIG), Children's Place (PLCE), Crane (CR), Dycom (DY), NCI Building Systems (NCS), Orbital Sciences (ORB), Orion Marine (ORN), Northstar Realty (NRF), World Acceptance (WRLD), Aegerion (AEGR), Novavax (NVAX), Cedar Fair (FUN), Sirius XM (SIRI), Sonus Networks (SONS), Splunk (SPLK) and (WWWW).
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April 14, 2015
10:01 EDTWWWWOn The Fly: Analyst Downgrade Summary
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08:27 EDTCRPrivate equity business model strong, results likely strong, says Oppenheimer
Oppenheimer's analyst says that private equity's business model is the best one he has seen in 30 years of following financial stocks. The firm expects most of the companies in the sector to report strong Q1 results, and predicts that investors will gain confidence in the sustainability of private equity firms' businesses. Oppenheimer identifies Crane (CR) and KKR (KKR) as its favorite names in the sector.
07:40 downgraded on valuation at RBC Capital
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06:31 downgraded to Sector Perform from Outperform at RBC Capital
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April 13, 2015
17:14 EDTSPLKSplunk initiated with an Outperform at Baird
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08:05 EDTPLCEChildren's Place rejects director nominations from Barington, Macellum
The Children's Place confirmed that it has received notice from Barington Capital Group, L.P. and Macellum Advisors GP, LLC, which collectively own less than 2% of the company’s shares, that they have nominated three individuals in opposition to The Children’s Place’s three nominees -- Norman Matthews, Kenneth Reiss and Stanley Reynolds -- standing for re-election to the Board of Directors at the company’s 2015 Annual Meeting of Stockholders, to be held on May 22, 2015. The Children’s Place's Board of Directors has evaluated Barington and Macellum’s nominees and concluded that the company’s three nominees and the other members of the Board have the right combination of expertise, experience and independence. As such, the Board recommends election of the company’s nominees and has rejected the Barington/Macellum nominees. Stockholders do not need to take any action at this time. Matthews continued: “We appreciate constructive input from our shareholders and are always open to listen to ideas to improve the Company. However, we believe that Barington and Macellum’s views on the Company’s leadership and performance are simply incorrect. Our Board and management team are driving a transformation of The Children’s Place, which has resulted in a significant increase in shareholder value, measured by an increase in stock price, share repurchases and the payment of dividends. Substantial progress has been made, and we expect to continue to see the benefits of our meaningful investments in 2015. Our management team has updated our merchandise assortments, developed and is implementing a sweeping systems and technology transformation plan, transformed our outlet channel, launched international franchise and wholesale businesses, and evaluated and continues to optimize our store fleet. We believe The Children’s Place is well positioned to continue to excel in the intensely competitive specialty children’s apparel category.” Goldman, Sachs & Co. is financial advisor to The Children’s Place. Paul, Weiss, Rifkind, Wharton & Garrison LLP is the Company’s legal advisor.
April 9, 2015
09:04 EDTSONSMitel appoints Wes Durow as Chief Marketing Officer
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07:42 EDTSPLKTableau, Splunk, Arista, and Nimble positioned to outperform, says Pacific Crest
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April 8, 2015
16:07 EDTSONSSonus discloses purported shareholder class action lawsuit
Sonus Networks announced that a purported shareholder class action was filed against it and two of its officers in the United States District Court for the District of New Jersey. The plaintiff claims to represent purchasers of Sonus’ common stock during the period from October 23, 2014 to March 24, 2015 and seeks unspecified damages. The principal allegation contained in the Complaint is the claim that the defendants purportedly made misleading forward-looking statements concerning Sonus’ Q1 financial performance. Sonus believes that it and the individual defendants have meritorious defenses to the allegations made in the Complaint and intends to contest the lawsuit vigorously.
08:01 EDTSPLKSplunk awarded contract to support Lockheed Martin's L-35 Lightning II Program
Splunk (SPLK) announced it was awarded a contract to support Lockheed Martin’s (LMT) F-35 Lightning II Program. Splunk has provided Lockheed Martin with Splunk Enterprise to monitor and analyze IT systems and network behavior for the Autonomic Logistics Information System, which supports the F-35 Lightning II, a 5th generation fighter jet. Splunk Enterprise is initially being used by Lockheed Martin in 25 different operating environments for IT operations and application delivery, analyzing machine data from the systems and networks supporting the ALIS infrastructure to help ensure applications are operating at peak performance.
April 7, 2015
17:06 EDTNRFNorthstar Realty and NorthStar Healthcare Income announce agreement
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10:43 EDTSPLKInformatica rises after agreeing to be taken private for $48.75 per share
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10:30 EDTNRFNorthstar Realty management to meet with Sterne Agee
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10:05 EDTSPLKOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Carnival (CCL) upgraded to Outperform from Market Perform at Wells Fargo... Crown Castle (CCI) upgraded to Buy from Hold at Evercore ISI... (CTRP) upgraded to Overweight from Neutral at Piper Jaffray... Demandware (DWRE) upgraded to Conviction Buy from Buy at Goldman... FirstEnergy (FE) upgraded at BofA/Merrill... Frontier Communications (FTR) upgraded to Neutral from Underperform at DA Davidson... JPMorgan (JPM) upgraded to Outperform from Market Perform at Bernstein... Pattern Energy (PEGI) upgraded to Outperform from Market Perform at Raymond James... Ralph Lauren (RL) upgraded to Buy from Outperform at CLSA... ResMed (RMD) upgraded to Outperform from Neutral at Credit Suisse... Ryanair (RYAAY) upgraded to Overweight from Neutral at JPMorgan... Splunk (SPLK) upgraded to Overweight from Neutral at Piper Jaffray... Total (TOT) upgraded at RBC Capital... Verifone (PAY) upgraded to Buy from Hold at Stifel... XL Group (XL) upgraded to Buy from Neutral at UBS.
06:40 EDTSPLKSplunk upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray analyst Katherine Egbert upgraded Splunk (SPLK) to Overweight saying the stock's valuation is more reasonable following the 13% sell-off since the company's Q4 earnings report. Egbert views Splunk's new distribution agreement with Arrow Electronics (ARW) as a sign of improving demand and she sees the potential for upsell of enterprise-wide license agreements. Shares of the provider of big data products closed yesterday up 95c to $60.18 after analysts at Stephens upgraded the stock Monday morning.
April 6, 2015
10:33 EDTSPLKFollow-up: Splunk upgraded at Stephens
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10:02 EDTSPLKOn The Fly: Analyst Upgrade Summary
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07:16 EDTORNOrion Marine says it has $354M worth of bids outstanding
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07:15 EDTSPLKSplunk upgraded to Overweight from Equal Weight at Stephens
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06:05 risk/reward favorable into turnaround, says Piper Jaffray
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