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News For SSNLF;MU From The Last 14 Days
Check below for free stories on SSNLF;MU the last two weeks.
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April 23, 2014
14:49 EDTSSNLFEarnings Preview: Texas Instruments reports after upping free cash flow target
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14:18 EDTSSNLFEarnings Preview: iPhone sales in focus ahead of Apple's Q2 report
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12:01 EDTMU Stocks with call strike movement; FB MU
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09:34 EDTMUActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD NFLX TSLA VZ MU WFM AMGN
08:10 EDTSSNLFGoogle took on some Samsung liability in fight with Apple, Re/code says
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April 22, 2014
14:28 EDTMUSunEdison, Conn's rally after Greenlight discloses new stakes
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06:42 EDTSSNLFSamsung thinks $2.19B too costly for Apple patents, Bloomberg says
Samsung (SSNLF) feels that Apple's (AAPL) patent-infringement lawsuit of $2.19B is 57 times greater than what the South Korean company should pay if a jury deems that it infringed smartphone technology, reported Bloomberg. Reference Link
06:17 EDTSSNLFSamsung cuts Galaxy S5 price in India, BGR reports
Samsung has cut the price for the Galaxy S5 in India to $775 after recently going on sale at $860, reports BGR. The new price, representing a 10% drop, was in response to HTC's HTC One launching on Monday in India at $827. Reference Link
April 21, 2014
17:29 EDTMUMicron shares could double, Barron's says
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12:24 EDTMUMicron trades higher, levels to watch
The shares are up over 4.4% to $24.98 at time of writing. That price is just off the high of the session at $25.19. Major resistance is above that level at the 52-week high of $25.68. Support is at $24.56, the session low. Drexel Hamilton upped its price target on the shares earlier today to $50 from $30, on expectations of stable DRAM pricing and minimal industry-wide capacity expansion.
09:21 EDTMUOn The Fly: Pre-Market Movers
HIGHER: Sarepta (SRPT), up 54% after announcing plans to to submit NDA for Eteplirsen by year end 2014. Shares of Prosnesa (RNA), another drugmaker working on a competing DMD drug, are up more than 12%... AstraZeneca (AZN), up 6% after the Sunday Times says that Pfizer (PFE) is considering a takeover bid for the company. Pfizer is up 1.2% following the report... Newmont Mining (NEM), up 8% after WSJ says the company and Barrick Gold (ABX) could resume merger talks as soon as today... Cbeyond (CBEY), up 39% after agreeing to be acquired for about $323M by Birch Communications... Momenta Pharma (MNTA), up 10.5% after the Supreme Court rejected Teva's (TEVA) bid to delay generic Copaxone... Nu Skin (NUS), up 5% after saying its China division will resume corporate-hosted business meetings... Micron (MU), up 4% after price target raised at Drexel Hamilton... DOWN AFTER EARNINGS: Acacia Research (ACTG), down 6%... athenahealth (ATHN), down 5.6%.
08:29 EDTMUMicron price target raised to $50 from $30 at Drexel Hamilton
Drexel Hamilton raised Buy rated Micron estimates and increased its price target to $50 from $30 due to higher pricing and margin trends. The firm expects DRAM pricing to remain firm and for minimal industry capacity additions this year, resulting in rising earnings, an improving balance sheet and greater share upside potential.
06:45 EDTSSNLFApple and Google compete to offer exclusive game apps, WSJ reports
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April 17, 2014
18:27 EDTMUAMD rallies after results top expectations
Shares of global semiconductor company Advanced Micro Devices (AMD) are advancing in the after-hours session after the company's first quarter results topped analysts' consensus estimates. WHAT'S NEW: After the bell, AMD reported Q1 adjusted earnings per share of 2c and revenue of $1.4B, compared to expectations of 0c and $1.34B, respectively. WHAT'S NOTABLE: The company forecast Q2 revenue flat to up 6%, compared to consensus of $1.36B. For fiscal 2014, the company expects to grow revenue on a year-over-year basis, and be profitable at the net income level. FY14 CapEx is expected to be approximately $120M. PRICE ACTION: In after-hours trading, AMD gained 23c, or about 6.2%, to $3.92. AMD's stock is up about 48% over the past twelve months, not including after-hours trading. OTHERS TO WATCH: Other companies in the semiconductor space space include Intel (INTC), Texas Instruments (TXN), and Micron Technology (MU).
12:53 EDTMUOn The Fly: Midday Wrap
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11:40 EDTMUMicron management to meet with JMP Securities
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11:36 EDTMUSanDisk soars after results top expectations, margin forecast raised
Shares of SanDisk (SNDK), a leader in flash storage solutions, are rallying after the company's first quarter results topped analysts' consensus estimates. The company also raised its fiscal 2014 adjusted gross margin outlook. WHAT'S NEW: Last night, SanDisk reported Q1 earnings per share of $1.44 and revenue of $1.51B, compared to expectations of $1.25 and $1.49B, respectively. Q1 gross profit as a percentage of revenue came in at 49.7% on a GAAP basis and 51.2% on a non-GAAP basis. The company forecast Q2 revenue of $1.55B-$1.63B, compared to consensus of $1.58B, and Q2 gross margins of 47%-49%. For FY14, the company expects revenue of $6.4B-6.8B, versus consensus of $6.66B. SanDisk raised its FY14 adjusted gross margin outlook to 47%-49% from 45%-48%. The company continues to expect overall healthy industry fundamentals in FY14. ANALYST REACTION: This morning, Jefferies and Credit Suisse raised their respective price targets on SanDisk. Jefferies raised its price target to $95 from $90, saying the company's strong Q1 results show the relevance of the NAND spot market has diminished. The firm expects a higher level of price stability to move shares of SanDisk and peer Micron (MU) higher. It reiterated a Buy rating on SanDisk. Credit Suisse raised its price target on SanDisk shares to $125 from $85 following the company's better than expected Q1 results and guidance. The firm kept an Outperform rating on the stock. PRICE ACTION: In late morning trading, SanDisk soared $7.56, or about 10%, to $83.40 on heavy trading volume. The stock is approaching its 52-week high of $85.37. Meanwhile, Micron shares are up 4% to $23.41.
09:00 EDTMUMicron rises 3.4%
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07:48 EDTMUSanDisk price target raised to $95 from $90 at Jefferies
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April 16, 2014
08:01 EDTSSNLFSamsung exec foresees Galaxy S5 to outsell S4, Reuters says
Yoon Han-kil, senior vice president of Samsung's product strategy, anticipates that the new Galaxy S5 smartphone will outsell its predecessor and defy expectations that the South Korean company's latest model will struggle in a harsh market for high-end handsets, according to Reuters, citing comments from Yoon. The executive also noted that Samsung was working to launch at least two smartphones running on its own Tizen operating system. Reference Link
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