Continue reading Salary.com's Buyout Is Rare Good News for Shareholders

Salary.com's Buyout Is Rare Good News for Shareholders originally appeared on BloggingStocks on Wed, 01 Sep 2010 14:50:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Oppenheimer upgraded Citigroup (C) to outperform from perform, citing an attractive valuation following the recent pullback in shares. The firm has a $4.58 price target for the stock.
• Macquarie upgraded Transocean (RIG) to to outperform from neutral and has price target of $85 on the stock. The firm believes bad news is already priced into shares.
• JPMorgan upgraded U.S. Bancorp (USB) to overweight from neutral, citing the recent pullback in shares and a lower impact from the financial reform bill. The firm has a $31.50 price target for the stock.
• Boeing (BA) was upgraded to equal weight from underweight at Morgan Stanley.
• Health Net (HNT) was upgraded to buy from hold at Stifel Nicolaus.
• Vale (VALE) was upgraded to overweight from neutral at HSBC.

Continue reading Analyst Calls: BA, C, CLDT, DNB, DWA, JCG, MGM, RIG, SLRY, USB, WDR ...

Analyst Calls: BA, C, CLDT, DNB, DWA, JCG, MGM, RIG, SLRY, USB, WDR ... originally appeared on BloggingStocks on Wed, 26 May 2010 12:00:00 EST. Please see our terms for use of feeds.

Here are some highlights from this past week's earnings coverage from BloggingStocks:

• Applied Materials Inc. (NASDAQ: AMAT) Q2 profits declined on a glut of flash memory chips.
• Bally Technologies Inc. (NYSE: BYI) beat Q3 expectations and offered full-year guidance.
• Barclay's (NYSE: BCS) reported a big Q1 loss on credit-related write-downs.
• Constant Contact Inc. (NASDAQ: CTCT) saw big increases in Q1 revenues and in its customer base.
• Deere & Co. (NYSE: DE) Q2 profits rose on international demand, but results just missed estimates.
• Fluor Corp.'s (NYSE: FLR) strong Q1 results are a signal for the energy sector, says Jim Cramer.
• Freddie Mac (NYSE: FRE) Q1 loss widened on the housing slump, but not as much as forecast.
• IndyMac Bancorp Inc. (NYSE: IMB) narrowed its loss but predicted it wouldn't see a profit in 2008.
• LDK Solar Co. Ltd. (NYSE: LDK) Q1 earnings topped forecasts and it raised its outlook.
• MBIA Inc. (NYSE: MBI) reported a larger-than-expected Q1 loss due to write-downs.
• Mindray Medical International Ltd. (NYSE: MR) beat Q1 expectations and raised its full-year guidance.
• Nuance Communications Inc. (NASDAQ: NUAN) Q2 earnings were in line with analysts' expectations.
• ON Semiconductor Corp. (NASDAQ: ONNN) beat Q1 expectations and raised its Q2 revenue forecast.
• RealNetworks Inc. (NASDAQ: RNWK) beat Q1 estimates and announced share buybacks and a spin off.
• Salary.com Inc. (NASDAQ: SLRY) missed Q1 forecasts, leading to analysts' downgrades.
• Sykes Enterprises Inc. (NASDAQ: SYKE) beat Q1 estimates and raised its Q2 and full-year forecast.
• Syniverse Holdings Inc. (NYSE: SVR) beat Q1 expectations on strength in "messaging and mobil data."
• Toll Brothers Inc. (NYSE: TOL) warned of lower Q2 profits and more "challenging times" ahead.
• Website Pros Inc. (NASDAQ: WSPI) reported flat earnings despite soaring revenues and operating income.

Continue reading Earnings highlights: Deere, Freddie Mac, Applied Materials, Barclay's and others

Earnings highlights: Deere, Freddie Mac, Applied Materials, Barclay's and others originally appeared on BloggingStocks on Sat, 17 May 2008 16:10:00 EST. Please see our terms for use of feeds.

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• 52-WEEK LOWS
• TOP ANALYST CALLS

Continue reading Closing Bell: Economic data and deals power gains

Closing Bell: Economic data and deals power gains originally appeared on BloggingStocks on Thu, 15 May 2008 16:29:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Merrill Lynch downgraded J. Sainsbury (Other OTC:JSAIY) to Sell from Neutral following the company's quarterly results; Deutsche Bank downgraded shares to Sell from Hold as they believe the company's results show it has lost momentum.
  
• ThinkPanmure downgraded Orthofix (NASDAQ:OFIX) to Source of Funds from Accumulate citing the loss of Osteocel, which will impact growth.
  
• Wachovia cut Salary.com (NASDAQ:SLRY) to Market Perform from Outperform citing concerns that FY09 will be a challenging given significant increases in investment for sales and marketing.

• UBS cut Knight Transportation (NYSE:KNX) to Neutral from Buy.
  
• HSBC downgraded StatoilHydro (NYSE:STO) to Neutral from Overweight.
  
• Merrill lowered National Semi (NYSE:NSM) to Neutral from Buy.

Analyst downgrades: JSAIY, OFIX and SLRY originally appeared on BloggingStocks on Thu, 15 May 2008 10:57:00 EST. Please see our terms for use of feeds.

Continue reading The week in preview: Misery loves these companies (WFMI, SIRI, BBI and more)

The week in preview: Misery loves these companies (WFMI, SIRI, BBI and more) originally appeared on BloggingStocks on Sun, 11 May 2008 12:10:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Merriman initiated Callaway Golf Co (NYSE: ELY) with a Buy rating and believes new management could get the company back on track.
  

• Genentech (NYSE:DNA) was initiated at Prudential with a Neutral rating and $92 target. The firm believes the lack of a new product launch before 2010 is a concern for long-term growth.

• American Technology believes shares of LSI Logic (NYSE: LSI) are undervalued, initiating the company with a Buy rating and $13 target, given synergies and revenue opportunities from the merger with Agere Systems, Inc (AGR).

• Bank of America initiated Evergreen Solar Inc (NASDAQ: ESLR) with a Sell rating and $8 target to reflect the lack of visibility on its growth, which puts the company at a competitive disadvantage.

• Salary.com, Inc (NASDAQ: SLRY) was initiated at Pacific Crest and Wachovia with an Outperform rating and at Thomas Weisel with an Overweight rating.

• Prudential started Gilead Sciences, Inc (NASDAQ: GILD) with an Overweight rating and $90 target.

• BMO initiated Smithfield Foods, Inc (NYSE: SFD) with with an Outperform rating and $36 target.

• Kaufman Brothers started VeriChip Corp (NASDAQ: CHIP) with a Buy rating, believing the company's growth position is compelling given its patented, FDA-approved microchip that can be implanted into humans for a variety of applications.

• Citigroup started Amgen, Inc (NASDAQ: AMGN) with a Hold rating and $64 target.

Analyst initiations 3-27-07: Callaway Golf, Amgen & Genentech initiated today originally appeared on BloggingStocks on Tue, 27 Mar 2007 11:11:00 EST. Please see our terms for use of feeds.

Founded in 1999, Salary.com is a dot-com survivor. In fact, the company is going public and according to a recent filing, the initial terms of the deal have been set. The company plans to sell 5 million shares at a price range of $8-$10. The proposed ticker symbol is SLRY.

Basically, the company has a line of services to help companies with compensation management. The flagship product, CompAnalyst, has an extensive database of salary scales and third party surveys.

What's more, the Salary.com site gets about 2 million unique monthly visitors.

However, the company is fairly small, with about $15.2 million in revenues for the past year.

You can check out the IPO filing at the SEC site.

Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.

Salary.com preps for IPO originally appeared on BloggingStocks on Mon, 22 Jan 2007 10:28:00 EST. Please see our terms for use of feeds.