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Stock Market & Financial Investment News

News For SPRD;SPRD;MXL;MXL;INVN;INVN;AMBA;AMBA;MRVL;MRVL;SIMO;SIMO;CAVM;CAVM From The Last 14 Days
Check below for free stories on SPRD;SPRD;MXL;MXL;INVN;INVN;AMBA;AMBA;MRVL;MRVL;SIMO;SIMO;CAVM;CAVM the last two weeks.
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September 9, 2014
16:23 EDTMXLOn The Fly: Closing Wrap
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13:37 EDTINVNInvenSense rises 2.5% during Apple iPhone launch event
InvenSense (INVN) provides intelligent motion processing solutions. Apple (AAPL) discussed the motion sensing capabilities of its new phone during the launch presentation.
12:10 EDTMXLOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday after opening in the red and trading in a narrow range throughout the morning. The domestic economic calendar only had two reports of consequence, and neither was particularly market moving. All eyes are on Cupertino, California, where Apple (AAPL) will shortly begin its much-anticipated product launch event. ECONOMIC EVENTS: In the U.S., the NFIB small business optimism survey for August came in at 96.1, which was above the expected 96.0 reading. The Job Openings and Labor Turnover Survey, or JOLTS report, showed job openings slipped 2K to about 4.67M in July. COMPANY NEWS: Shares of Apple were up 1% near noon ahead of the tech giant's latest product launch event, which is scheduled to begin at 1 pm ET. Expectations are for the company to introduce the iPhone 6, which has widely been speculated to be bigger than past members of the line-up and may come in 4.7 inch and 5.5 inch sizes. The company is also expected to unveil a wearable device, likely a smartwatch, and a mobile payment system integrated with both... Shares of fast food giant McDonald’s (MCD) slid 1% after reporting its comparable sales were down 3.7% worldwide in August and that its China supplier issue will negatively impact its Q3 EPS by 15c-20c. MAJOR MOVERS: Among the notable gainers was Annies (BNNY), which surged 38% after prepared foods giant General Mills (GIS) last night said that it had agreed to buy the mac and cheese maker for $820M, or $46 per share in cash. Shares of a number of other natural food makers climbed after the deal, as WhiteWave (WWAV) rose nearly 3% and Boulder Brands (BDBD) jumped over 8%. Following the deal announcement, shares of General Mills slipped about 0.5%. Among the noteworthy losers was Leidos (LDOS), which dropped 15% after the company reported lower than expected second quarter earnings and cuts its EPS view for the fiscal year. Also lower was MaxLinear (MXL), which fell 15% after the company said several of its cable and satellite customers have requested push-outs of shipments, resulting in the company lowering its Q3 revenue outlook and Needham downgrading the stock to Buy from Strong Buy. INDEXES: Near midday, the Dow was down 69.02, or 0.4%, to 17,042.40, the Nasdaq was down 14.93, or 0.33%, to 4,577.35, and the S&P 500 was down 6.74, or 0.34%, to 1,994.80.
10:15 EDTMXLMaxLinear downgraded to Buy from Strong Buy at Needham
Needham downgraded MaxLinear to Buy following lowered Q3 guidance.
10:05 EDTMXLMaxLinear management to meet with Benchmark
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05:26 EDTMXLMaxLinear lowers Q3 revenue outlook to $32M-$33M from $36M-$38M
Consensus $37.29M. MaxLinear also announced that it expects gross margin for Q3 to be approximately 61%, compared with prior guidance of 62.0% to 62.5%. Dr. Kishore Seendripu, president and CEO of MaxLinear stated, "Despite entering the third quarter with confidence in our guidance range, several of our cable and satellite customers have since requested push-outs of shipments previously scheduled for the current quarter. In our prior guidance for Q3, we had assumed a sequential decline in Cable revenues of approximately 2%-5%. We now expect Cable revenues to decline sequentially by about 25%. These push-out requests are primarily related to 24-channel DOCSIS 3.0 cable modem and gateway solutions, where channel inventory appears to have built-up as a result of strong shipments in the first half of 2014."
September 5, 2014
21:18 EDTSIMOSilicon Motion management to meet with Northland
Meetings to be held in Virginia on September 11 and in Charlotte on September 12 hosted by Northland.
10:05 EDTAMBAGoPro climbs after supplier results beat expectations
Shares of GoPro (GPRO) are climbing after Ambarella (AMBA), which provides chips for processing video, reported stronger than expected results last night. GoPro develops mountable and wearable cameras. WHAT'S NEW: Ambarella reported second quarter earnings per share of 37c, versus analysts' consensus estimate of 28c. The company's revenue came in at $47M, compared with the consensus outlook of $44.67M. "We are delighted with our second quarter financial results," said Ambarella CEO Fermi Wang "We achieved revenue of $47M reflecting the success of our HD and Ultra-HD camera solutions in the expanding IP security camera, UAV and wearable sports camera markets," Wang added. ANALYST REACTION: Ambarella's results indicate that GoPro's near-term trends are tracking at least in-line with its guidance, wrote Piper Jaffray analyst Sean Naughton in a note to investors today. The analyst, who noted that Ambarella is a key GoPro supplier, raised his price target on GoPro to $60 from $48 and kept an Overweight rating on the shares. PRICE ACTION: In early trading, GoPro rose 3% to $54.50, while Ambarella jumped 8% to $39.
09:17 EDTINVNInvenSense recent price action creates attractive entry point, says RW Baird
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09:16 EDTAMBAOn The Fly: Pre-market Movers
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07:19 EDTAMBAAmbarella price target raised to $44 from $39 at Stifel
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07:19 EDTAMBAGoPro price target raised to $60 from $48 at Piper Jaffray
Piper Jaffray raised its price target for GoPro (GPRO) shares to $60 saying it remains positive on the company's near- and long-term outlook. Piper believes GoPro's near-term trends are tracking at least in-line with guidance following yesterday's strong results by supplier Ambarella (AMBA). The firm recommends using any weakness in the stock as a buying opportunity and keeps an Overweight rating on the name.
05:26 EDTAMBAAmbarella price target raised to $42 from $37 at Ascendiant
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September 4, 2014
18:28 EDTAMBAOn The Fly: After Hours Movers
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16:21 EDTAMBAAmbarella reports Q2 non-GAAP EPS 37c, consensus 28c
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15:23 EDTAMBANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Cooper Companies (COO), consensus $1.90; Esterline Technologies (ESL), consensus $1.40; Verint Systems (VRNT), consensus 60c; Finisar (FNSR), consensus 32c; Zumiez (ZUMZ), consensus 23c; SeaChange (SEAC), consensus (18c); Ambarella (AMBA), consensus 28c; Infoblox (BLOX), consensus 1c.
September 3, 2014
10:00 EDTAMBAOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Advanced Drainage (WMS) initiated with a Buy at Deutsche Bank... Alamos Gold (AGI) initiated with an Equal Weight at Morgan Stanley... Ally Financial (ALLY) initiated with a Buy at Drexel Hamilton... AmSurg (AMSG) initiated with a Neutral at Goldman... Ambarella (AMBA) initiated with an Outperform at Imperial Capital... AuRico Gold (AUQ) initiated with an Equal Weight at Morgan Stanley... Century Aluminum (CENX) initiated with a Buy at Deutsche Bank... Francesca's (FRAN) coverage initiated at ITG Research... GSV Capital (GSVC) initiated with a Buy at Wunderlich... Genco Shipping (GSKNF) initiated with a Buy at Jefferies... Hersha Hospitality (HT) initiated with a Sector Perform at RBC Capital... Knightsbridge Tankers (VLCCF) initiated with a Buy at Jefferies... Loxo Oncology (LOXO) initiated with an Outperform at Oppenheimer... Medical Transcription Billing (MTBC) initiated with a Buy at Summer Street... Mood Media (FDMCF) initiated with an Outperform at Imperial Capital... New Gold (NGD) initiated with an Overweight at Morgan Stanley... Orion Engineered Carbons (OEC) initiated with a Buy at KeyBanc... Otter Tail (OTTR) initiated with a Neutral at Sidoti... Primero Mining (PPP) initiated with an Equal Weight at Morgan Stanley... Scorpio Bulkers (SALT) initiated with a Buy at Jefferies... ServiceNow (NOW) initiated with a Market Perform at Raymond James... Square 1 Financial (SQBK) initiated with a Buy at SunTrust... StanCorp (SFG) initiated with a Hold at Deutsche Bank... Star Bulk Carriers (SBLK) initiated with a Buy at Jefferies.
05:24 EDTAMBAAmbarella initiated with an Outperform at Imperial Capital
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September 2, 2014
12:18 EDTINVNInvenSense volatility at historic low as shares near record high
InvenSense overall option implied volatility of 43 is below its 26-week average of 48 according to Track Data, suggesting decreasing price movement.
08:34 EDTAMBAAmbarella Q2 results should beat expectations, says Stifel
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