Some of the names on the move ahead of the open.» Read More
BOSTON, July 29- Hedge fund Elliott Management told investors that it added to its stake in Juniper Networks last quarter and sees opportunities in real estate securities in Europe, but it said little about two positions making headlines-- Argentina and EMC Corp..
*Sees Q3 earnings $0.35- $0.40/ shr vs est $0.44. *Sees Q3 revenue $1.15 bln- $1.2 bln vs est $1.26 bln. Juniper, whose clients include Verizon Communications Inc and AT&T Inc, forecast adjusted profit of 35- 40 cents per share on revenue of $1.15 billion- $1.2 billion.
July 22- Network gear maker Juniper Networks Inc reported a 7 percent rise in quarterly revenue, helped by higher spending by telecom carriers to ramp up networks. Net income rose to $190.3 million, or 40 cents per share, in the second quarter ended June 30, from $142.6 million, or 29 cents per share, a year earlier. Revenue rose to $1.23 billion from $1.15 billion.
July 21- Activist investor Elliott Management Corp has taken a $1 billion stake in EMC Corp and plans to push it to spin off virtualization software unit VMware Inc, the Wall Street Journal reported, citing people familiar with the matter.
NEW YORK, June 26- Wickr, a startup founded by privacy advocates, said it has raised $30 million from investors including CME Group Inc to help develop self-destructing messaging technology for use by financial services firms and gaming companies.
I’m constantly searching for positive outliers, said Cramer. When you find one the gains can be enormous.
*Hillshire jumps, Tyson's bid outshines Pilgrim's Pride's. "The headline figure was weaker than expected, but it was mainly due to slower inventory growth, which bodes well for future growth, future orders, new orders," said Jeffrey Saut, chief investment strategist at Raymond James Financial in St. Petersburg, Florida.
*Hillshire jumps, Tyson's bid outshines Pilgrim's Pride's. "Personal consumption was actually revised up, it was a big number and it held," said Phil Orlando, chief equity market strategist at Federated Investors in New York, referring to details in the gross domestic product data released earlier in the day.
*Hillshire shares jump as Tyson bids more than Pilgrim's Pride. NEW YORK, May 29- U.S. stocks rose at the open on Thursday on expectations of strong growth in the second quarter, even as data showed the world's largest economy contracted in the first quarter.
NEW YORK, May 29- U.S. stock index futures ticked up in low volume on Thursday ahead of data on the labor market and economic growth, with the S&P 500 poised to challenge its record high after falling a couple of points the previous session.
Some of the names on the move ahead of the open.
*Expects 4th- qtr adj profit/shr $0.10- $0.11 vs est $0.10. May 28- Cyber security software maker Palo Alto Networks Inc reported a better-than-expected 49 percent jump in quarterly revenue as it added more customers, and said it settled patent litigation with network gear maker Juniper Networks Inc..
Apple's move to buy Beats Electronics is among the headlines after the bell Wednesday.
SeaWorld and Cisco are among those making headlines after the bell Wednesday.
NEW YORK/ WASHINGTON, May 14- In a series of audits in 2009, Cisco Systems Inc found that much of the business between resellers of its products and a Russian state-owned telecommunications company, Svyazinvest, could not be verified because it was either "misrepresented" or documents were withheld by the resellers, according to an executive summary of the audits reviewed by Reuters.
Shares of the company, whose customers include AT&T Inc and Verizon Communications Inc, rose about 3 percent in extended trading. AT&T has estimated capital expenditure of about $21 billion for this year, while Verizon has said it expected to spend about $17 billion.
Juniper's revenue from telecom customers, including Verizon Communications Inc and AT&T Inc, rose about 10 percent in the first quarter ended March 31. Juniper forecast an adjusted profit of 36- 39 cents per share and revenue of $1.20 billion- $1.23 billion for the second quarter ending June 30.
April 22- Network gear maker Juniper Networks Inc's quarterly revenue rose about 10 percent as U.S. telecom carriers spent more on their networks to manage increasing data traffic. Juniper's net income rose to $110.6 million, or 22 cents per share, in the first quarter ended March 31 from $91.0 million, or 18 cents per share, a year earlier.
With the wipeout in growth stocks, many investors turned their attention to big-cap and value names, and the trend is expected to continue.
BlackBerry said it plans to release security updates for Android and iOS devices by Friday to address the "Heartbleed" security threat.