Continue reading Symantec drowns Digital River

Symantec drowns Digital River originally appeared on BloggingStocks on Mon, 12 Oct 2009 15:10:00 EST. Please see our terms for use of feeds.

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

• Apollo Group Inc. (NASDAQ: APOL) reported that Q4 revenue soared despite the recession.
• Baidu Inc. (NASDAQ: BIDU) posted strong annual revenue, but at a slowing growth rate.
• Career Education Corp. (NASDAQ: CECO) easily topped Q4 earnings expectations, lifting shares up.
• Comcast Corp. (NASDAQ: CMCSA) Q4 earnings beat expectations and it increased its dividend.
• CVS Caremark Corp. (NYSE: CVS) shares jumped after it reported higher earnings in Q4.
• Digital River Inc. (NASDAQ: DRIV) shares soared on better-than-expected Q4 earnings and revenue.
• Expedia Inc. (NASDAQ: EXPE) reported dismal results due to a huge good will write down.
• Goodyear Tire & Rubber Co. (NYSE: GT) posted a greater-than-expected Q4 net loss and announced job cuts.
• Hormel Foods Corp. (NYSE: HRL) exceeded Q1 earnings expectations due to the popularity of SPAM.

Continue reading Earnings highlights: Walmart, Comcast, CVS, Sprint, Hormel, Priceline and more

Earnings highlights: Walmart, Comcast, CVS, Sprint, Hormel, Priceline and more originally appeared on BloggingStocks on Sat, 21 Feb 2009 15:40:00 EST. Please see our terms for use of feeds.

Continue reading Cry me a Digital River

Cry me a Digital River originally appeared on BloggingStocks on Wed, 18 Feb 2009 16:40:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Wachovia downgraded shares of Jones Lang LaSalle (NYSE: JLL) to Market Perform from Outperform, as they expect the deterioration in the credit markets to lead to fewer closed deals over the next year.
  
• Oppenheimer transitioned coverage of Digital River (NASDAQ: DRIV) and downgraded shares to Neutral from Buy. The broker finds shares fairly valued given the pricing pressure and customer concentration.
  
• Jefferies downgraded shares of Dynamic Materials Corporation (NASDAQ: BOOM) to Hold from Buy on valuation as they believe shares are already pricing in the company's near-term earnings potential.
  
• Allot Communications (NASDAQ: ALLT) was downgraded to Sector Performer from Outperformer at CIBC World Markets after the company pre-announced weaker-than-expected Q3 results.
  
• Oxford Industries (NYSE: OXM) was downgraded to Hold from Buy at Morgan Joseph and to Neutral from Buy at SunTrust following the disappointing Q1 report and guidance.

• Piper Jaffray downgraded Target Corporation (NYSE: TGT) to Market Perform from Outperform.
  
• Thornburg Mortgage (NYSE: TMA) was downgraded to Underperform from Market Perform at Keefe Bruyette.
  
• JP Morgan removed Continental Airlines (NYSE: CAL) from its Focus List.
  
• NRG Energy (NYSE: NRG) was downgraded to Neutral from Buy at Calyon.

Analyst downgrades: JLL, DRIV, BOOM, ALLT and OXM originally appeared on BloggingStocks on Wed, 10 Oct 2007 11:00:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Credit Suisse upgraded shares of CNOOC Ltd (NYSE: CEO) to Outperform from Neutral to reflect projections for output growth...

• Piper upgraded NYSE Euronext (NYSE: NYX) to Market Perform from Underperform as they believe the risk/reward is balanced following the completion of the Euronext acquisition. They believe shares can move higher if the company's market share is stabilized...

• Bear upgraded shares of Time Warner Cable (NYSE: TWC) to Outperform from Peer Perform citing the integration of the L.A. systems, which they feel is progressing smoothly, and potential for increased equity returns...

• Jefferies upgraded shares of Digital River (NASDAQ: DRIV) to Buy from Hold on valuation as they find the risk/reward attractive at current levels and believe new customers such as Microsoft (MSFT) and Electronic Arts (ERTS) will diversify the company's revenue base...

• Home Depot (NYSE HD) was upgraded to Buy from Hold at Stifel following the company's sale of its HD Supply unit, as well as its $22.5B repurchase program...

• Morgan Stanley raised Colgate-Palmolive (NYSE: CL) to Overweight from Equal Weight.

• RBC Capital upgraded Allos Therapeutics (NASDAQ: ALTH) to Outperform from Sector Perform.

• Merrill Lynch was upgraded Centene Corp (NYSE: CNC) to Neutral from Sell.

• BB&T upgraded Airgas (NYSE: ARG) to Buy from Hold.

Analyst upgrades 6-20-07: CEO, CL, HD, NYX and TWC originally appeared on BloggingStocks on Wed, 20 Jun 2007 11:18:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• American Technology initiated Digital River Inc (NASDAQ: DRIV) with a Buy rating and $65 target. The firm believes Q1 guidance could be weak, but feels weakness would be short-lived as investors gain a better understanding of Digital River's Microsoft Corp- (NASDAQ: MSFT) driven revenue and margin upside in the second-half of 2007...

• Merriman initiated Idera Pharmaceuticals Inc (AMEX: IDP) with a Buy rating and put fair value at $10-$12 a share.

• Merrill Lynch reinstated Nvidia Corp (NASDAQL NVDA) and KLA-Tencor Corp (NASDAQ: KLAC) with Buy ratings.

• Jefferies initiated CommScope Inc (NYSE: CTV) with a Buy rating and $37.50 target; they believe CommScope is a solid play with trends such as increasing competition among cable operators and wireline service providers as well as increasing bandwidth consumption by enterprises.

• Raymond James started Keystone Automotive Inds Inc (NASDAQ: KEYS) with a Market Perform rating.

• Roth Capital initiated G. Willis Food Int'l Ltd (NASDAQ: WILC) with a Buy rating and 48 target; Roth expects the largest marketer and distributor in Israel of kosher food products to grow at a 15%-20% rate over the next several years.

• JP Morgan initiated Covanta Holding Corp (NYSE: CVA) with a Neutral rating on valuation.

Analyst initiations 2-07-07: American Tech started Digital River with a Buy rating originally appeared on BloggingStocks on Wed, 07 Feb 2007 11:39:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY: Google (GOOG), Apple (AAPL) and Microsoft (MSFT) top today's modest list of initiations.

• Google, Inc. (NASDAQ:GOOG) was reinstated at Credit Suisse with an Outperform rating and $600 target. The firm said the YouTube deal positions Google as the top online video destination globally.
• Apple Computer, Inc. (NASDAQ:AAPL) was initiated with a Market Perform rating and a $90 target at Bernstein. The firm said expectations are too high and upside potential is limited.
• Microsoft Corp. (NASDAQ:MSFT) was initiated at Bear Stearns with a Peer Perform rating. The firm considered shares of Microsoft fully valued.

OTHER INITIATIONS:

• Amazon.com, Inc. (NASDAQ:AMZN) was initiated with a Buy rating and $49 target at Soliel. The firm said Amazon is near an inflection where it could leverage IT, systems and distribution investments in order to drive earnings growth.
• Digital River, Inc. (NASDAQ:DRIV) was initiated with an Outperform rating at Thomas Weisel citing the recently announced Microsoft contract, wins in electronics segments and valuation.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst initiations 11-15-06: GOOG, AAPL, MSFT, AMZN originally appeared on BloggingStocks on Wed, 15 Nov 2006 11:32:00 EST. Please see our terms for use of feeds.