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Stock Market & Financial Investment News

News Breaks
December 6, 2012
18:26 EDTAMRN, CMTL, GEO, ALOG, SQNM, SWHC, QRE, PANW, BAGLOn 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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December 19, 2014
05:35 EDTGEOGeo Group initiated with a Market Perform at Wells Fargo
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December 18, 2014
10:19 EDTPANWSony hack fallout highlights value of IT security spending, analyst says
The hacking of Sony's (SNE) Sony Pictures unit shows that spending more on IT security is worthwhile for companies, Wells Fargo analyst Gray Powell wrote in a note to investors today. WHAT'S NEW: Sony has decided not release the film "The Interview" as planned on December 25, due several theater chains' plans to not show the movie amid threats, CNBC reported. The New York Times said American intelligence officials have determined that the North Korean government was “centrally involved” in the cyber attacks on Sony Pictures. Sony's experience shows that being hacked is much more costly than spending on IT security, Powell stated. After being hacked, Sony has had to cancel the release of its film "The Interview," which it spent $ 42M to make, and it will have to spend more money on fixing the security breach and defending itself against lawsuits triggered by the incident, the analyst stated. Additionally, the company's brand has been damaged, Powell believes. By contrast, Sony spends just $20M per year on IT security, the analyst roughly estimated. Incidents like the hacking of Sony will cause companies to spend a higher percentage of their budgets on IT security next year, according to Powell. He kept Outperform ratings on IT security companies Check Point (CHKP), FireEye (FEYE), Fortinet (FTNT), Palo Alto (PANW), and Proofpoint (PFPT). WHAT'S NOTABLE: Analysts at B. Riley said IMAX (IMAX) and RealD (RLD) could benefit from Sony's cancellation of "The Interview" due to the demand shift towards their respective film slates. The analyst believes both IMAX and RealD could generate an incremental 1c in EPS during the period. PRICE ACTION: In early trading, FireEye jumped 5% to $30, Palo Alto advanced 3.2% to $123.87, Proofpoint gained 2% to $47.87 and Check Point climbed 1.4% to $78.16.
10:01 EDTCMTLComtech says unit awarded $1.1M contract
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December 11, 2014
12:02 EDTPANWPalo Alto to host special shareholder meeting
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10:51 EDTPANWPalo Alto management to meet with Piper Jaffray
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10:24 EDTSWHCOptions with decreasing implied volatility
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December 10, 2014
16:22 EDTCMTLComtech backs FY15 EPS view of $1.70-$1.86, consensus $1.79
Narrows FY15 revenue guidance to $355M-$365M, consensus $359.67M.
16:20 EDTCMTLComtech reports Q1 EPS 34c, consensus 29c
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12:24 EDTALOGOn The Fly: Midday Wrap
Stocks on Wall Street opened in negative territory and have remained there throughout the morning. The averages have moved in a narrow range as the price of crude continues to fall. Near noon, WTI crude was down another 5% to roughly $60 per barrel. The weakness is effecting equities, as investors are concerned the oil price weakness is indicative of the slowing global economy. ECONOMIC EVENTS: In the U.S., House and Senate lawmakers reportedly reached a deal on a nearly $1.1T bill to fund most of the government through September and avert a shutdown. The EIA estimated crude oil supplies grew 1.5 Mmbbls last week, while consensus expected a 2.7 Mmbbls decrease. The Treasury budget statement for November is expected at 2:00 pm ET, with the consensus expectation for a deficit of $63B. COMPANY NEWS: Shares of JPMorgan (JPM) declined 2% after guidelines proposed yesterday by the Federal Reserve would likely result in the firm managing to a higher capital buffer. Additionally, JPMorgan CFO Marianne Lake, speaking earlier at a Goldman Sachs conference, said the bank sees its Q4 reported markets revenues down by a "high teens" percentage and that its "core" markets performance in Q4, excluding the sale of physical commodities and allocation of preferred dividend expense, is indicated down 4% to-date compared to last year's quarter. Lake became the latest bank executive to discuss a Q4 trading slump, after Bank of America (BAC) CEO Brian Moynihan, speaking yesterday at the same financial conference, said the bank expects its Q4 trading revenue to be down on both a linked-quarter and year-over-year basis. Also yesterday, Citigroup (C) CEO Michael Corbat estimated that the bank's Q4 markets revenue would be down year-over-year by about 5%. MAJOR MOVERS: Among the notable gainers was Analogic (ALOG), which rose 12% after the company reported better than expected quarterly earnings. Also higher was Novadaq (NVDQ), which gained 11.5% after the company signed a multi-year distributor agreement with LifeNet Health that analysts at Canaccord said could potentially be a big deal and materially help its near and long-term prospects. Among the noteworthy losers was Yum! Brands (YUM), which dropped nearly 5% after the owner of the KFC, Pizza Hut and Taco Bell brands issued a negative preannouncement on its China business and provided lower than expected 2015 EPS guidance. Also lower were shares of Krispy Kreme (KKD), which sunk 8% after the donut maker reported weaker than expected earnings and revenue. INDEXES: Near midday, the Dow was down 164.41, or 0.92%, to 17,636.79, the Nasdaq was down 32.79, or 0.69%, to 4,733.68, and the S&P 500 was down 17.43, or 0.85%, to 2,042.39.
10:20 EDTSWHCOptions with decreasing implied volatility
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08:16 EDTPANWBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link
08:12 EDTPANWIT security outlook remains positive, says Pacific Crest
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December 9, 2014
18:21 EDTALOGOn The Fly: After Hours Movers
UP AFTER EARNINGS: Korn/Ferry (KFY), up 3.1%... Analogic (ALOG), up 2.7%. DOWN AFTER EARNINGS: Freshpet (FRPT), down 8.5% after reporting quarterly results... Krispy Kreme (KKD), down 4.9%... Broadcom (BRCM), reverses to down just below 1%. ALSO LOWER: Agios Pharmaceuticals (AGIO), down 1.9% after filing to sell $175M of common stock... Yum! Brands (YUM), down 4.6% after providing fiscal 2015 operating guidance.
16:33 EDTCMTLComtech ends strategic review, decides to remain independent
Comtech Telecommunications announced that its board of directors has completed a review of strategic alternatives with the assistance of its financial advisor, Citibank, its legal counsel, Proskauer Rose, and its special counsel, Morris, Nichols, Arsht & Tunnell. After considering various strategic alternatives to enhance shareholder value, including a possible merger or sale of the company, the board has determined that the interests of the company and its shareholders will be best served by the company remaining independent. Comtech Chairman and CEO, Fred Kornberg, stated: “At the end of a thorough and rigorous process, our Board concluded that the company is best positioned to maximize shareholder value by continuing to execute on its strategies of enhancing its leadership positions in the markets we serve, participating in emerging technologies that enhance or expand our product portfolio, carefully pursuing acquisitions of businesses and technologies, and returning cash to our shareholders.”
16:19 EDTALOGAnalogic up 2.6% after reporting Q1 results
16:19 EDTALOGAnalogic reports Q1 EPS 63c, consensus 50c
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15:18 EDTALOGNotable companies reporting after market close
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December 8, 2014
13:00 EDTCMTLComtech receives $3.5M order for SATCOM equipment
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10:20 EDTSWHCOptions with decreasing implied volatility
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10:12 EDTCMTLComtech receives $7.4M in additional orders relating to satellite system project
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