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Stock Market & Financial Investment News

News Breaks
March 12, 2014
08:25 EDTLYV, LYV, DDD, DDD, IT, IT, P, P, BZ, BZ, JDSU, JDSU, NPTN, NPTN, EA, EA, PHRM, PHRM, VMW, VMWPiper Jaffray to hold a conference
Technology, Media & Telecomunications Conference is being held in New York on March 11-12 with webcasted company presentations to begin on March 12 at 8:30 am; not all company presentations may be webcasted. Webcast Link
News For VMW;PHRM;EA;NPTN;JDSU;BZ;P;IT;DDD;LYV From The Last 14 Days
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August 13, 2014
11:55 EDTPPandora CFO says company does not comment on takeover rumors
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11:27 EDTJDSUJDSU falls after outlook disappoints, analyst downgrades
Shares of JDSU (JDSU), a provider of equipment to telecommunications service providers, are sharply lower after the company's fourth quarter results and first quarter guidance were reported last night. Following the report, the stock was downgraded this morning at two Street research firms. WHAT'S NEW: Last night, JDSU reported fourth quarter adjusted earnings of 14c per share, beating the consensus forecast by 1c, on revenue of $448.6M, which topped the consensus $436.8M view. However, JDSU expects revenue to be $405M-$425M in its first quarter and sees Q1 EPS of 8c-12c, which fell short of consensus of about $441M and 14c, respectively. JDSU's President and CEO Tom Waechter said, "Looking ahead to fiscal 2015, we believe there are strong market drivers across our three business segments, and that we are well positioned with differentiated products and solutions to support our customers as they transition to Software Defined Networks, Network Function Virtualization and more dependency on cloud infrastructure. We continue to lead in our core network and anti-counterfeiting markets and I am pleased with the momentum we are building in our commercial lasers business on the strength of our highly differentiated fiber laser product line." ANALYST OPINION: Following the company's report, B. Riley analyst Dave Kang cut his rating on JDSU shares to Neutral from a Buy rating, citing near-term uncertainties in the North American telecom market. Kang pointed to two events contributing to that uncertainty, namely an architectural shift to SDN, or Software Defined Networking, and AT&T's (T) planned merger with DirecTV (DTV). The analyst acknowledged previously underestimating the potential impact of the SDN shift on the telecom equipment industry and noted that appears to be impacting JDSU's NSE business more than its optical component unit. Kang prefers Finisar (FNSR) over JDSU given the current environment, noting that about 70% of Finisar's sales come from the datacom sector. Kang lowered his price target on JDS Uniphase shares to $11.75 from $15.50. Piper Jaffray analyst Troy Jensen also downgraded JDSU following its report, lowering his rating on the stock to Neutral from Overweight. Jensen also said the company's worse than expected guidance indicates softer Telco spending and he believes JDSU will have trouble showing significant revenue acceleration even if the optical upgrade cycle starts to ramp up. Piper lowered its price target on the stock to $12 from $14. OTHERS TO WATCH: Other providers of telecom equipment include Ciena (CIEN) and Infinera (INFN). PRICE ACTION: In morning trading, shares of JDSU fell $1.12, or 9.4%, to $10.78. Meanwhile, shares of Finisar were down nearly 2% to $19.58, Ciena slipped 1.5% to $18.92 and Infinera was fractionally higher at $9.09.
10:32 EDTJDSUJDSU falls sharply after earnings, levels to watch
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10:01 EDTJDSUOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: CSR (CSRE) downgraded to Hold from Buy at Jefferies... Celadon Group (CGI) downgraded to Equal Weight from Overweight at Stephens... Cree (CREE) downgraded to Hold from Buy at Summit Research... Crestwood Equity (CEQP) downgraded to Underweight from Equal Weight at Barclays... Intrepid Potash (IPI) downgraded to Sell from Hold at BGC Financial... JDSU (JDSU) downgraded to Neutral from Buy at B. Riley... King Digital (KING) downgraded to Equal Weight from Overweight at Barclays... Marin Software (MRIN) downgraded to Neutral from Buy at Goldman... Mosaic (MOS) downgraded to Sell from Hold at BGC Financial... Potash (POT) downgraded to Sell from Hold at BGC Financial... Regado Biosciences (RGDO) downgraded to Market Perform from Outperform at Cowen... Southern Company (SO) downgraded to Underweight from Equal Weight at Morgan Stanley... StarTek (SRT) downgraded to Equal Weight from Overweight at First Analysis... Tuniu (TOUR) downgraded to Neutral from Outperform at Credit Suisse.
09:15 EDTJDSUOn The Fly: Pre-market Movers
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08:49 EDTDDD3D Systems acquires APP, APM, terms not disclosed
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06:35 EDTPPandora coverage resumed with a Buy at Stifel
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06:25 EDTJDSUJDSU downgraded to Neutral from Overweight at Piper Jaffray
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05:52 EDTJDSUJDSU downgraded to Neutral from Buy at B. Riley
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August 12, 2014
19:02 EDTJDSUOn The Fly: After Hours Movers
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16:07 EDTJDSUJDSU sees Q1 adjusted EPS 8c-12c, consensus 14c
Sees Q1 adjusted revenue $405M-$425M, consensus $440.94M.
16:05 EDTJDSUJDSU reports Q4 adjusted EPS 14c, consensus 13c
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15:47 EDTJDSUJDSU August 12 straddle priced for 8% move into Q4
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15:23 EDTJDSUNotable companies reporting after market close
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12:01 EDTPStocks with call strike movement; P SCTY
Pandora (P) January 31 call option implied volatility decreased 1% to 54, SolarCity (SCTY) January 85 call option implied volatility decreased 3% to 54 according to IVolatility.
08:37 EDTDDD3D Systems adds 200K square foot manufacturing facility in South Carolina
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05:58 EDTPStocks with implied volatility movement; P AZN
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August 11, 2014
15:19 EDTPPandora calls activate on company seen attracting interest report
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15:08 EDTPPandora seen attracting interest, DealReporter says
Pandora (P) is seen as attracting buyout interest, DealReporter says, according to contacts.
13:37 EDTJDSUJDSU August volatility elevated into Q4 and outlook
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