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Stock Market & Financial Investment News

News Breaks
December 6, 2012
18:26 EDTSWHC, GEO, BAGL, SQNM, CMTL, PANW, ALOG, AMRN, QREOn The Fly: After Hours Movers
UP AFTER EARNINGS: Smith & Wesson (SWHC), up 3% after reporting earnings and raising guidance... ALSO HIGHER: Geo Group (GEO), up 6% after declaring a $5.68 special dividend... Noah Einstein (BAGL), up 4% after declaring a $4.00 special dividend... Sequenom (SQNM), up 4% after being issued a sequencing patent... DOWN AFTER EARNINGS: Comtech Telecommunications (CMTL), down 10%... Palo Alto Networks (PANW), down 3%... Analogic (ALOG), down 7%... ALSO LOWER: Amarin (AMRN), down 21% after announcing continued preparations to commercialize Vascepa... QR Energy (QRE), down 4% after announcing an offering of 12M common units.
News For SWHC;GEO;BAGL;SQNM;CMTL;PANW;ALOG;AMRN;QRE From The Last 14 Days
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October 1, 2014
10:01 EDTCMTLComtech receives $1.6M order for new telecommunications network in Middle East
Comtech Telecommunications announced that its Tempe, Arizona-based subsidiary, Comtech EF Data Corp., received a $1.6M order for satellite infrastructure equipment and professional services. The equipment will be utilized by a telecommunications service provider to roll out a new Pan-African satellite-based mobile backhaul and international trunking network. The network hub will be based in the United Arab Emirates, and this first phase of deployment will be to remote sites in Chad and South Sudan.
September 30, 2014
10:02 EDTBAGLOn The Fly: Analyst Downgrade Summary
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09:48 EDTPANWPalo Alto to hold a webinar
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05:32 EDTBAGLEinstein Noah downgraded to Hold from Buy at Jefferies
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September 29, 2014
16:49 EDTBAGLGreenlight capital reports 37.5% stake in Einstein Noah
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16:22 EDTBAGLOn The Fly: Closing Wrap
Stocks on Wall Street opened sharply lower, as the volatility which was seen last week carried over. It was the sixth session in a row, and the eighth in the last ten, in which the Dow experienced a triple digit move. The early weakness was attributed to unrest in Hong Kong as pro-Democratic protesters forced the closing of 17 banks and many small businesses. The market was able to shrug off the early weakness and pared its losses, with the Nasdaq eventually crossing into positive territory for a brief time. The averages all ended the day in the red, but were much improved from the lows they hit right after the opening bell. ECONOMIC EVENTS: In the U.S., consumer spending increased 0.5% last month, which was a bit better than expected. Personal incomes increased 0.3% in August, which matched the consensus forecast of economists. The National Association of Realtors' pending home sales index fell 1.0% to 104.7 in August, which was worse than the expected drop of 0.5%. In Asia, Hong Kong's Hang Seng Index dropped nearly 2% as riot police advanced on protesters in the deepest unrest since China took back control of the colony two decades ago. In Europe's bond market, Italian and Spanish yields rose as Italy's Prime Minister Matteo Renzi faced rumors that he could be pressured to quit and leaders in Spain's Catalonia region called for a referendum to be held on independence. COMPANY NEWS: DreamWorks Animation (DWA) rallied $5.82, or 26.03%, to $28.18 after The Hollywood Reporter said yesterday that the company is in talks to be acquired by Japanese telecom company Softbank (SFTBF), the parent of U.S. wireless carrier Sprint (S). Softbank is negotiating to buy DreamWorks for $32 per share, or $3.4B, the report said, citing an unnamed source, though CNBC's David Faber and entertainment industry publication Variety were cautious about whether a deal will be consummated. Lionsgate (LGF), another movie maker recently linked to Softbank by The New York Post and to Vivendi (VIVHY) by Reuters, also rose $1.79, or 5.74%, to $32.99. MAJOR MOVERS: Among the notable gainers were a number of companies that agreed to be acquired. Ambit Biosciences (AMBI) surged $7.14, or 87.07%, to $15.34 after Daiichi Sankyo agreed to acquire all of its outstanding shares for $15 per share in cash plus one Contingent Value Right based on commercialization related milestones. Einstein Noah (BAGL) advanced $6.76, or 50.49%, to $20.15 after the bagel shop owner agreed to be acquired by JAB Holding Company for $20.25 per share in cash. Athlon Energy (ATHL) rose $11.59, or 24.8%, to $58.32 after striking a deal to be bought by Canadian energy giant Encana (ECA), which also gained 46c, or 2.18%, to $21.59 following the deal announcement. Among the noteworthy losers was Civeo Corporation (CVEO), which dropped $12.63, or 49.59% to $12.84 after the company decided against conversion to a real estate investment trust, or REIT, and said it will continue as C corporation and redomicile to Canada. Also lower were shares of Ford (F), which fell $1.22, or 7.47%, to $15.11 after the automaker said during its investor day presentation that it won't achieve its previously stated 2014 profit goal and now sees pre-tax profit of $6B for the fiscal year. INDEXES: The Dow slipped 41.93, or 0.25%, to 17,071.22, the Nasdaq fell 6.34, or 0.14%, to 4,505.85, and the S&P 500 dropped 5.05, or 0.25%, to 1,977.80.
12:52 EDTCMTLComtech deal prospects mentioned cautiously by dealReporter
10:00 EDTQREOn The Fly: Analyst Downgrade Summary
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09:20 EDTBAGLOn The Fly: Pre-market Movers
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09:01 EDTBAGLEinstein Noah to be acquired by JAB Holding for $20.25 per share in cash
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09:00 EDTBAGLEinstein Noah to be acquired by JAB Holding for $20.25 per share in cash
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06:28 EDTQREQR Energy downgraded to Hold from Buy at Stifel
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September 26, 2014
06:39 EDTPANWMost connected devices have security flaw, NY Times says
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September 24, 2014
10:39 EDTALOGAnalogic to host investor day
Investor Day to be held in Peabody, MA on October 1 at 10 am.Webcast Link
10:00 EDTCMTLComtech receives $2.5M order for high-power amplifiers
Comtech announced that its Santa Clara, California-based subsidiary, Comtech Xicom Technology Inc., has received a $2.5M order to supply solid-state high-power amplifiers to a military integrator. The order was for a new high power Gallium-Nitride based SSPA product that will upgrade existing transportable satellite communications systems providing voice, data, video conferencing, internet and high resolution video connectivity for deployed military forces.
September 23, 2014
10:00 EDTCMTLComtech receives $6.7M in orders for high-power RF amplifier systems
Comtech today that its New York-based subsidiary, Comtech PST Corp., received multiple orders totaling approximately $6.7M for broadband, solid-state, high-power RF microwave amplifier systems from two different international OEMs. The amplifier systems, which include the latest broadband solid-state switching and transistor technology, provide for broad frequency coverage and will be utilized as part of communications jamming systems.
07:47 EDTPANWPalo Alto has multiple drivers converging, says Morgan Stanley
Morgan Stanley said Palo Alto has multiple growth drivers in place that will drive free cash flow that include sustainable 30% billings growth, increasing sales efficiencies, and slowing capex and reduced litigation expenses. Shares are Overweight rated with a $115 price target.
September 22, 2014
14:32 EDTCMTLComtech announces $6.1M increase in order funding
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07:05 EDTSQNMSequenom presents new data supporting accuracy of MaterniT21 test
Sequenom announced that its wholly owned subsidiary, Sequenom Laboratories, presented patient clinical data substantiating the performance of its MaterniT21 PLUS noninvasive prenatal test in the laboratory. An ad hoc analysis of 185,000 samples from patients at high-risk for fetal chromosome aneuploidy demonstrated stable positivity rates for trisomy 21, 18 and 13, which mirror the positivity rates found in large studies on high-risk populations utilizing invasive diagnostic procedures. Additionally, Sequenom Laboratories reported performance results from clinical testing with the MaterniT21 PLUS test with Enhanced Sequencing Series. In the ad hoc analysis based on voluntary outcomes provided by clinicians, the estimated sensitivity for trisomy 21, 18 and 13 were 99.3%, 98.3% and 97.4% respectively, and the estimated specificity was >99.9% for all three trisomies. These clinical laboratory performance data are equivalent to those published in the clinical validation studies of the MaterniT21 test. Based on these performance metrics, Sequenom Laboratories estimates that the MaterniT21 PLUS test positive predictive value for trisomy 21, 18 and 13 were 99.0%, 97.6% and 92.8% respectively, and the negative predictive value was >99.9% for all three trisomies.
September 19, 2014
07:48 EDTGEOGeo Group management to meet with SunTrust
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