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Stock Market & Financial Investment News

News Breaks
May 2, 2014
09:03 EDTSCSC, UBNTUbiquiti Networks announces distribution agreement with Scansource
Ubiquiti Networks (UBNT) announced a distribution agreement with ScanSource Security, a leading value-added distributor of physical security and networking products and a business unit of ScanSource (SCSC). Starting immediately, ScanSource will promote, sell and support all of Ubiquiti's innovative technology platforms for service providers and enterprises to its network of U.S. and Canadian reseller partners. ScanSource's diverse customer base will complement Ubiquiti's existing distribution channel and provide opportunity to grow in key enterprise vertical markets, such as education, healthcare, security, public sector and hospitality.
News For UBNT;SCSC From The Last 14 Days
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September 30, 2014
16:07 EDTUBNTUbiquiti Networks announces first dividend of 17c per share
Ubiquiti Networks announced that as part of the company's long-term strategy to maximize shareholder value and broaden its shareholder base, the board has approved the initiation of a new dividend policy. Pursuant to the Dividend Policy, the company intends to pay an annual cash dividend to its shareholders of record on a record date and in an amount to be determined annually by the board. The company also announced the first annual dividend of 17c per share will be paid on October 28, to the holders of record on October 17.
September 24, 2014
09:59 EDTUBNTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Ameren (AEE) initiated with a Buy at Ladenburg... Autoliv (ALV) initiated with an Outperform at Exane BNP Paribas... BNY Mellon (BK) initiated with a Neutral at Citigroup... Burlington Stores (BURL) initiated with a Neutral at Credit Suisse... Cameron (CAM) initiated with a Market Perform at Wells Fargo... CoreLogic (CLGX) initiated with an Overweight at Piper Jaffray... FMC Technologies (FTI) initiated with a Market Perform at Wells Fargo... FNFV (FNFV) initiated with a Neutral at Piper Jaffray... Fidelity National (FNF) initiated with an Overweight at Piper Jaffray... First American (FAF) initiated with a Neutral at Piper Jaffray... Freeport McMoRan (FCX) initiated with an Outperform at Scotia Capital... Helmerich & Payne (HP) initiated with an Outperform at Wells Fargo... HomeAway (AWAY) initiated with a Buy at SunTrust... IMS Health (IMS) initiated with a Buy at Topeka... Nabors Industries (NBR) initiated with an Outperform at Wells Fargo... National Oilwell (NOV) initiated with a Market Perform at Wells Fargo... Northern Trust (NTRS) initiated with a Neutral at Citigroup... Pacific Drilling (PACD) initiated with a Market Perform at Wells Fargo... Paragon Offshore (PGN) initiated with a Market Perform at Wells Fargo... Patterson-UTI Energy (PTEN) initiated with an Outperform at Wells Fargo... Pioneer Energy (PES) initiated with an Outperform at Wells Fargo... Realogy (RLGY) initiated with an Overweight at Piper Jaffray... Ruckus Wireless (RKUS) initiated with a Neutral at SunTrust... Sarepta (SRPT) initiated with an Outperform at Credit Suisse... Skyworks (SWKS) initiated with a Buy at MKM Partners... State Street (STT) initiated with a Buy at Citigroup... Ubiquiti Networks (UBNT) initiated with a Buy at SunTrust... Wafergen Biosystems (WGBS) initiated with a Buy at Brean Capital.
06:20 EDTUBNTUbiquiti Networks initiated with a Buy at SunTrust
Target $45.
September 23, 2014
08:34 EDTSCSCScansource completes acquisition of Imago Group
ScanSource closed its purchase of Imago Group. ScanSource announced the execution of a non-binding letter of intent to acquire Imago on August 21. With the closing, ScanSource has acquired Imago’s operations in the UK, France, and their recently acquired business in Germany. The acquisition of Imago represents the next step in ScanSource’s strategy to be the leading value-added distributor of video, voice and data solutions for resellers in Europe. ScanSource’s increased footprint will benefit resellers focused on collaboration solutions, by positioning them to support their end-user customers who need international deployments across Europe and the U.S. The acquisition is expected to be accretive to earnings per share and ROIC in the first year after closing, excluding one-time acquisition costs.
September 22, 2014
11:08 EDTUBNTUbiquiti Networks estimates trimmed at Wunderlich
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