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Stock Market & Financial Investment News

News Breaks
January 18, 2013
11:51 EDTVZEarnings Preview: Verizon says Sandy’s impact on Q4 results may be significant
Verizon Communications (VZ) is expected to report Q4 earnings before the market open on Tuesday, January 22, with a conference call scheduled for 8:30 am ET. Verizon is a holding company providing communications, information and entertainment... EXPECTATIONS: Analysts are looking for EPS of 52c on revenue of $29.75B, according to First Call. The consensus range for EPS is 39c-62c on revenue of $29.35B-$30.2B... LAST QUARTER: Verizon reported Q3 EPS of 64c against estimates for 64c on revenue of $29.01B against estimates for $29B. In the Q3 earnings report, CEO Lowell McAdam commented, "In Q3, Verizon continued to deliver double-digit earnings growth and strong cash generation, and we remain solidly on track to meet our financial objectives for the year.” However on November 2, shortly after Hurricane Sandy landed, the company said the impact from the storm on Q4 operating results “could be significant.” The company’s Northeast network was not restored to pre-storm levels until November 15. At the UBS Global Media and Communications Conference on December 4, CEO McAdam noted that momentum from Q3 was carrying over into Q4, and that he “felt good” going into 2013... STREET RESEARCH: Street research has been mostly positive in the weeks leading up to Verizon's Q4 earnings report. Negative sentiment came on January 14 when UBS downgraded the stock to Neutral from Buy, citing lower profitability due to higher subsidies and indirect channel costs in wireless and increased costs in wireline. UBS lowered its price target to $44 from $48. PRICE ACTION: Verizon shares fell approximately 11% following the company's Q3 report. However, in mid-November, the stock mounted a modest rebound, but then dipped again in the first two weeks of this year. In late morning trading ahead of Tuesday's Q4 report, Verizon’s shares are up 0.40% to $42.30.
News For VZ From The Last 14 Days
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May 12, 2015
10:31 EDTVZCantor sees higher bid for AOL unlikely, positive on Yahoo
Cantor Fitzgerald analyst Youssef Squali downgraded AOL (AOL) two notches to Sell from Buy after Verizon (VZ) agreed to acquire the company for $50 per share. Squali finds the takeover valuation "relatively fair" and believes a higher bidder for AOL is unlikely to emerge. The analyst believes the transaction could be positive for Yahoo (YHOO), which he views as the "last remaining large scale digital Media company of its kind." Squali has a Buy rating on Yahoo with a $60 price target.
10:01 EDTVZOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AG Mortgage (MITT) downgraded to Market Perform from Outperform at Keefe Bruyette... Brookfield Renewable (BEP) downgraded to Underperform from Neutral at Credit Suisse... Emera (EMRAF) downgraded to Equal Weight from Overweight at Barclays... Fibria Celulose (FBR) downgraded to Neutral from Buy at Citigroup... First Marblehead (FMD) downgraded to Neutral from Buy at Compass Point... First Security (FSGI) downgraded to Market Perform from Outperform at Raymond James... Gap (GPS) downgraded to Market Perform from Outperform at FBR Capital... Intelsat (I) downgraded to Underweight from Equal Weight at Morgan Stanley... LivePerson (LPSN) downgraded to Neutral from Outperform at Credit Suisse... MercadoLibre (MELI) downgraded on valuation, difficult comps at Stifel... Midway Gold (MDW) downgraded to Underperform from Outperform at RBC Capital... Numerex (NMRX) downgraded to Market Perform from Outperform at Northland... Portland General Electric (POR) downgraded to Neutral from Overweight at JPMorgan... Rackspace (RAX) downgraded to Outperform from Buy at CLSA... Rosetta Resources (ROSE) downgraded to Sector Weight from Overweight at KeyBanc... SouFun (SFUN) downgraded to Hold from Buy at Deutsche Bank... Verizon (VZ) downgraded to Underperform from Neutral at Macquarie.
09:04 EDTVZVerizon said to possibly spin off some or all AOL content ops, Re/code says
AOL's (AOL) ad tech business is growing at a much faster pace than its content business, but has lower margins, noted Re/code, adding that "one scenario we’ve heard" is that Verizon (VZ) intends to spin off some or all of the content operations it is acquiring by buying AOL, possibly with a third player such as German publisher Axel Springer also involved. AOL CEO Tim Armstrong seemed to leave the door open for such a deal by saying that the company has "spoken to partners about content and scaling [and] seen a lot of interest in the content brands we have," Re/code added. Reference Link
08:45 EDTVZVerizon says Triple Play 'still matters a lot'
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08:31 EDTVZApple likely to launch TV video service this year, says Pacific Crest
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08:29 EDTVZVerizon says won't be irrational with price to chase mobile users
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08:18 EDTVZVerizon says no change in financial outlook, debt position
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07:45 EDTVZJefferies to hold a conference
2015 Global Technology, Media and Telecom Conference is being held in Miami on May 12-14.
07:20 EDTVZAOL's Armstrong says will stay with company 'for a long period of time'
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07:18 EDTVZAOL CEO says Verizon deal happened 'in natural way,' no auction held
AOL (AOL) CEO Tim Armstrong continues speaking on CNBC.
07:12 EDTVZAOL CEO expects Verizon to take 'open approach' to content
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07:09 EDTVZAOL CEO says will 'certainly' buy Verizon stock
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07:08 EDTVZAOL CEO says company has 'shared vision' with Verizon
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07:06 EDTVZAOL volatility elevated into Verizon acquiring for $4.4B
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07:03 EDTVZVerizon to acquire AOL for $50 per share, an estimated total value of $4.4B
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07:01 EDTVZVerizon to acquire AOL for $50 per share, an estimated total value of $4.4B
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07:01 EDTVZVerizon to acquire AOL for $50 per share, or $4.4B
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06:40 EDTVZVerizon downgraded to Underperform from Neutral at Macquarie
Macquarie downgraded Verizon to Underperform with a $45 price target to reflect a weaker 2016 and 2017 earnings outlook. The firm's analyst believes management has made a series of questionable strategic moves beginning with the Vodafone deal that will depress earnings. Recent advertising promotions are likely to pressure 2015 margins and ARPU and LTE capacity issues are expected in certain markets later in the year. Macquarie is surprised Verizon shares have held in around $50 with treasury yields rising and increasing Q2 promotions and does not believe this is sustainable ahead of a reset in consensus estimates.
May 11, 2015
14:24 EDTVZFrontier announces HSR clearance for acquisition of certain Verizon assets
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06:05 EDTVZSpherix issued standard-essential patent by USPTO
Spherix (SPEX) announced that the United States Patent & Trademark Office, or USPTO, is issuing the company another standard-essential patent. The company has received from the USPTO an issue notification for patent RE45521, set to issue on May 19. This patent is part of the same family of standard-essential patents currently being litigated against both Cisco (CSCO) and Verizon (VZ). The patented technology relates to the transmittal of data over a network and further enhances the company's existing portfolio.
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