Posts for Ticker ‘NZ’

Top 10 Analyst Upgrades & Downgrades (BT, ELY, CBS, CTXS, DUK, INFY, LINTA, NZ, RIMM, VMW)

These are the top ten brokerage firm analyst upgrades and downgrades we have seen from Wall Street early this Monday morning:

BT Group (BT) Raised to Overweight at JPMorgan.
Callaway Gold (ELY) Raised to outperform at JMP Securities.
CBS Corp. (CBS) Cut to Hold at Argus.
Citrix Systems (CTXS) Cut to Underperform at Jefferies.
Duke Energy (DUK) Cut to Perform at Oppenheimer.
Infosys (INFY) Raised to Buy at Deutsche Bank.
Liberty Media (LINTA) Raised to Overweight at JPMorgan.
Netezza (NZ) Raised to Overweight at JPMorgan.
Research In Motion (RIMM) Cut to Neutral at UBS.
VMware (VMW) Cut to Underperform at Jefferies.

JON C. OGG
AUGUST 10, 2009

Posted on: August 10, 2009 – 8:08 am in Analyst Calls, , , , , , , , , ,

Top Analyst Upgrades (MT, BBT, EVVV, GHL, WFR, NZ, PBR, SY, STI)

Money Stack ImageThese are the top pre-market analyst upgrades and positive research calls we have seen early this Friday morning with more than two hours until the market opens for trading:

Arcelor Mittal (MT) Raised to Hold at Citigroup.
BB&T Corp. (BBT) Raised to Market Perform at FBR.
ev3 Inc. (EVVV) Started as Outperform at Baird.
Greenhill (GHL) Started as Outperform at William Blair.
MEMC Electronics (WFR) Raised to Buy at Citigroup.
Netezza (NZ) Started as Outperform at William Blair.
Petrobras Brasileiro (PBR) Raised to Buy at UBS.
Sybase (SY) Started as Outperform at Oppenheimer.
SunTrust (STI) Raised to Market Perform at FBR.

JON C. OGG

Posted on: July 10, 2009 – 6:24 am in Analyst Calls, , , , , , , , ,

Top Pre-Market Analyst Upgrades (FRPT, INFY, NZ, OPTR, UTHR, USB, VMW)

Money_stack_picThese are the top analyst upgrades we are seeing from Wall Street early this Tuesday morning:

  • Force Protection (NASDAQ: FRPT) Raised to Buy at Collins Stewart.
  • Infosys (NASDAQ: INFY) Started as Outperform at William Blair.
  • Netezza (NYSE: NZ) Started as Outperform at Oppenheimer.
  • Optimer Pharmaceuticals (NASDAQ: OPTR) Raised to Outperform at Baird.
  • United Therapeutics (NASDAQ: UTHR) Started as Buy at Deutsche Bank.
  • US Bancorp (NYSE: USB) Raised to Hold from Sell at Sandler O’Neill.
  • VMware (NYSE: VMW) Started as Perform at Oppenheimer.

Jon C. Ogg
November 11, 2008

Posted on: November 11, 2008 – 7:42 am in Analyst Calls, , , , , , ,

Netezza Ready For Earnings (NZ)

Netezza Corporation (NYSE: NZ) is posting earnings Thursday morning and this will be the first earnings report where the company was public for the entire quarter that doesn’t have those IPO charges lumped in with earnings.  Its IPO was in July 2007 and its quarter end is January 2008.

We have First Call estimates at $0.02 EPS on $34.34 million in revenues, and next quarter estimates appear to be $0.00 EPS on $33.3 million in revenues.

The average price target out there still appears to be $18.00, but this stock was hit really hard with the stock market after the market malaise.  Shares closed up some 10% today to $8.95, and the 52-week trading range was $7.02 to $17.57.

The strong CRM earnings numbers, despite high valuations, are to thank for at least some after-hours support.  Stay tuned.

Jon C. Ogg
February 27, 2008

Posted on: February 27, 2008 – 7:42 pm in Earnings, Software, ,

52-Week Low Club (AVID, CERN, DRIV, MIL, NZ, OMCL, HPOL, FLE, ACTU)

These are some of the more active stocks that were trading on new 52-week lows today:

  • Avid Technology Inc. (NASDAQ:  AVID). Selling at lowest level since 2003 today at around $19.20 due to downgrades and poor outlook. The former low was $23.50. 
  • Cerner Corp. (NASDAQ: CERN). This healthcare solutions company isn’t looking so healthy after disappointing quarter, although isn’t hasn’t spent the whole day trading under the 52-week low. 
  • Digital River Inc. (NASDAQ: DRIV). Not meeting the street, the e-commerce company was trading at $30 at mid-day. The prior 52 week low was $32.
  • Millipore Corp. (NYSE: MIL). Low sales lead to a new low. Trading at $64.61 at mid-day, the prior 52 week low was $64.90. 
  • Netezza Corporation (NYSE: NZ). Was down over 8% at mid-day, this data warehouse appliance provider on somewhat of a head scratcher….
  • Omnicell Inc. (NASDAQ: OMCL). Perhaps this medication control company needs to take a dose of its medicine as shares fall to as low as $17.61, although it is back above its prior low of $18.28 at mid-day. 
  • Harris Interactive Inc. (NASDAQ: HPOL). Down 21% at mid-day after a disappointing earnings call. The prior low was $2.90.
  • Fleetwood Enterprises Inc. (NYSE: FLE). This mobile home maker didn’t spend all day under the 52-week lows, but the weakness after yesterday’s earnings and a downgrade persisted. Apparently tornadoes aren’t the only ones that don’t like mobile homes.   
  • Actuate Corp. (NASDAQ: ACTU). For a company that provides software for business intelligence, business isn’t looking too hot. Down 23% at mid-day $4.34, its prior low was $4.91.

Have a great weekend, particularly if you are doing Mardi Gras parties and the Super Bowl!

Rachel Lopez
February 1, 2008

Posted on: February 1, 2008 – 4:01 pm in HI/LOW, , , , , , , , ,

Netezza Launches Out Of The IPO Gate (NZ)

Netezza Corp. (NYSE:NZ) has managed a strong debut in its IPO trading day.  The company priced 9 million shares at $12.00, and based on the initial performance it may be safe to assume that the 1.35 million share overallotment will be exercised.  If that holds true, then the company will have raised $159 million before the near 7% underwriting fees.  Shares have traded as low as $14.75 and are north of $16.00 mid-day.

Credit Suisse and Morgan Stanley acted as joint book-running managers with Needham & Co. and Thomas Weisel acting as co-managers.  Here is the summary of the filing back in March.

Netezza is an unprofitable provider of data warehouse appliances that sells large systems to enterprise-size companies. The Netezza Performance Server® system, or NPS®, integrates database, server and storage platforms in a purpose-built unit to enable detailed queries and analyses on large volumes of stored data. The results of these queries and analyses, often referred to as business intelligence, provide organizations with actionable information to improve their business operations.

Jon C. Ogg
July 19, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers. 

Posted on: July 19, 2007 – 1:11 pm in IPOs, Technology Companies,