Posts for Ticker ‘AEIS’

Earlybird TMT Analyst Calls (ADBE, AEIS, ASML, CLWR, DT, LRCX, MVL, TI, VRGY, YHOO)

These are the early bird calls we are seeing in telecom, media, and tech:

  • Adobe Systems (NASDAQ: ADBE) raised to Overweight from Equal Weight at Morgan Stanley.
  • Advanced Energy Industries (NASDAQ: AEIS) raised to Buy from neutral at Goldman Sachs.
  • ASML Holding NV (ASML) Raised to Buy from Neutral at Goldman Sachs, but slight lowering of estimates.
  • Clearwire (NASDAQ: CLWR) raised to Hold from Sell at at Citigroup.
  • Deutsche Telekom (NYSE: DT) raised to Overweight from Equalweight, but target cut to EUR13 from EUR 14.50.
  • Lam Research (NASDAQ: LRCX) raised to Goldman Sachs Conviction Buy List from Sell at Goldman Sachs.
  • Marvel Enterprises (NYSE: MVL) raised to Outperform at RBC.
  • Telecom Italia (NYSE: TI) raised to Outperform at Bernstein.
  • Verigy (NASDAQ: VRGY) removed from Goldman Sachs Conviction Buy List on valuation.
  • Yahoo! (NASDAQ: YHOO) Downgraded to Underweight from Market Weight at Thomas Weisel.

Jon C. Ogg
June 24, 2008

Posted on: June 24, 2008 – 6:25 am in Analyst Calls, Internet, Media, Technology Companies, Telecom, , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (ABT, AEIS, AMSC, CREE, DRS, FORM, RAIL, NVS, PNSN, SOV)

These are ten of the impact analyst calls we are seeing this Friday morning:

  • Abbott Labs (NYSE: ABT) started as Buy at UBS.
  • Advanced Energy (NASDAQ: AEIS) Raised To Overweight By JP Morgan.
  • American Superconductor (NASDAQ: AMSC) Cut to Hold from Buy at Jefferies.
  • Cree (NASDAQ: CREE) started as Hold Lazard Capital.
  • DRS Tech (NYSE: DRS) cut to Neutral at UBS; cut to market perform at FBR.
  • FormFactor (NASDAQ: FORM) Raised To Overweight From Neutral By JP Morgan.
  • FreightCar America (NASDAQ: RAIL) Raised to Buy from Hold at Jefferies.
  • Novartis AG (NYSE: NVS) raised to Outperform at Bernstein.
  • Penson Worldwide (NASDAQ: PNSN) Raised to Overweight at JP Morgan.
  • Sovereign Bancorp (NYSE: SOV) Raised To Market Perform at KBW.

Jon C. Ogg
May 9, 2008

Jon Ogg produces and edits the "10 Stocks Under $10" weekly newsletter for 247WallSt.com.

Posted on: May 9, 2008 – 6:37 am in Analyst Calls, , , , , , , , , ,

52-Week Low Club (ALO, AEIS, CAMD, DGII, DLX, EBAY, IPCS, MRCY, MTSC, PRS, RJF, THQI, VRTX)

Yesterday saw many stocks hitting 52-week lows and then a sharp recovery with a low to high swing of more than 500 DJIA points.  Here are some of the stocks that hit 52-week lows today:

  • Alpharma (ALO) fell over 2% to a new 52-week low.
  • Advanced Energy (AEIS) continued its slide after disappointing earnings this week.
  • California Micro Devices Corp. (CAMD) slid 6% and even more intraday two days after earnings.
  • Digi International (DGII) fell over 10% after earnings.
  • Deluxe Corp. (DLX) didn’t look so deluxe today after a near 15% drop in earnings and a "raised guidance" that was more in-line with estimates.
  • eBay (EBAY) earnings guidance (and somewhat from the Meg Whitman departure) along with some late downgrades contributed to eBay’s new 52-week lows.
  • iPCS (IPCS) saw another tumble today.  Guess who is a Sprint reseller and guess which cellular company is under fire and announced store closures and third part closures? This looks like the Boulevard of Broken Dreams.
  • Mercury Computer Systems (MRCY) was one of the biggest percentages losers with a 30+% drop after yesterday’s earnings. This manufacturer of computer and software for embedded systems might want to change their name to Mercy Systems.
  • MTS Systems (MTSC) saw a sharp drop of roughly 15% after its earnings and "reaffirmed guidance" failed to impress.
  • Primus Guaranty Ltd. (PRS) is now down nearly two-thirds from highs, although it appears that it isn’t closing on 52-week lows even after an almost 10% drop.  Guess who sells credit swaps for their living?
  • Raymond James (RJF) saw close to a 10% drop after yesterday’s numbers.
  • THQ inc. (THQI) showed not all game makers are equal after it has write-offs from title discontinuations with almost a 30% price drop today.
  • Vertex Pharma (VRTX) spent much of the day at 52-week lows although it clawed back above the $19.13 low at the end of the trading session.  This was at a 2-year low yesterday on a hepatitis-C trial timing issue.  Citigroup downgraded it today.

Jon C. Ogg
January 24, 2008

Posted on: January 24, 2008 – 4:01 pm in HI/LOW, , , , , , , , , , , , ,

Pre-Market Stock News (January 23, 2008)

We are full fledged into earnings season now, so most news coverage will point to the current earnings environment and guidance.  There are of course drug developments and other contracts awards.  Below is a snapshot of some of the key data we saw affecting shares in pre-market trading:

  • Abbott Laboratories (ABT) $0.93 EPS versus $0.92 estimate; sees Q1 EPS $0.61 to $0.63 versus $0.65 estimates and sees 2008 EPS $3.20 to $3.25 versus $3.22 estimate.
  • Advanced Energy Industries Inc. (NASDAQ: AEIS) traded down over 10% after after it lowered guidance.
  • Air Products (APD) $1.16 EPS vs $1.13 estimates. 
  • Apple Inc. (AAPL) trading down 10% after it posted $1.76 EPS on $9.6 Billion revenues; Estimates were $1.62 EPS on revenues of $9.47 Billion; Guidance for next quarter is $0.94 EPS and revenues $6.8 Billion versus estimates of $1.09 EPS on $6.98 Billion in revenues.
  • Baidu.com (BIDU) announces the formal launch of its Japanese language search engine run by its Japanese subsidiary.
  • CheckPoint Software (CHKP) trading up almost 5% after $0.46 EPS versus $0.45 est.; Revenues $206.7M vs. $202.3M est.;
  • CNH Global (CNH) $0.50 EPS versus $0.60 estimate.
  • Coach (COH) $0.69 EPS vs $0.68 estimate; noted weak mall traffic and decline in average transaction size.
  • EntreMed (ENMD) is starting its Phase II study with its MKC-1 cell cycle inhibitor in ovarian cancer and advanced endometrial cancer.
  • Ethan Allen (ETH) posted $0.70 EPS versus $0.68 estimate.
  • Foster Wheeler (FWLT) trades ex-split to reflect a 2 for 1 stock split.
  • General Dynamics (GD) $1.42 EPS vs. $1.41 estimate; sees 2008 EPS $5.55 to $5.65 versus $5.73 estimate.
  • HOKU Scientific Inc. (HOKU) traded down 10% after earnings beat but guidance was deemed light.
  • INX (INXI) awarded Department of Defense contract to provide up to $21 million in support  of a Cisco Systems network pact.
  • Martek Biosciences (MATK) noted a December publication showed its DHA may help in late-onset Alzheimer’s, although NIH study results will be in 2010.
  • Parametric (PMTC) $0.26 EPS vs. $0.23 estimate; sees next quarter $0.24 to $0.28 vs. $0.26 estimate; sees 2008 EPS $1.17 to $1.27 vs. $1.16 estimate (revenue in-line).
  • Praxair (PX) $0.98 EPS vs $0.97 estimate.
  • Qualcomm (QCOM) expanded relationship with Motorola for chipsets into certain UMTS 3G handsets in 2008 and 2009.
  • RLI Corp. (RLI) $1.22 EPS versus $1.05 estimate.
  • Rockwell Automation (ROK) $1.04 EPS vs. $1.01 estimates; guides 200 EPS $4.25 to $4.45 versus $4.38 estimate.
  • Southwest Airlines (LUV) $0.12 EPS vs. $0.10 estimate ; reigned in 2008 growth plans to 4%-5% capacity.
  • Texas Instruments Inc. (TXN) has posted earnings of $0.54 EPS and revenues of $3.56 Billion; analysts pegged at $0.52 EPS on $3.58 Billion in revenues; sees Next quarter $0.43 to $0.49 EPS on revenues of $3.27 to $3.55 Billion versus estimates of $0.45 EPS on $3.41 Billion in revenues.
  • TJX Companies (TJX) was Jim Cramer’s retail pick on CNBC’s MAD MONEY last night.
  • United Tech (UTX) $1.08 EPS vs. $1.06 estimate; sees 2008 $4.65 to $4.85 versus $4.85 estimate.
  • Vertex Pharmaceuticals (VRTX) will begin Phase III evaluation of telaprevir for its lead investigational hepatitis C protease inhibitor.
  • WellPoint (WLP) $1.51 EPS versus $1.51 estimate.
  • Werner Enterprises (WERN) $0.28 EPS vs. $0.28 estimate.

Jon C. Ogg
January 23, 2008

Posted on: January 23, 2008 – 7:58 am in Pre-Market Activity, , , , , , , , , , , , , , , , , , , , , , , , , ,

Advanced Energy Slapped On Warning (AEIS)

Advanced Energy Industries Inc. (NASDAQ: AEIS) is seeing shares trade sharply lower in after-hours trading after it lowered guidance.  The company now sees revenues of approximately $84 million.  Its previous guidance of $86 million to $90 million.  Advanced Energy also sees GAAP EPS in a range of $0.07 to $0.08, lower than a prior $0.12 to $0.14 range.

  • The blame: continued weakness in the semiconductor market and order delays out of OEM’s.   

The company said it will organize and implement cost reduction plans.  This is after its COO resigned earlier in January less than two-weeks after the company announced a $75 million share buyback plan.

This stock is only a $500 million market cap company so many tech stocks better hope that this doesn’t bleed over into the other core tech markets.  The company makes power and control technologies for plasma thin-film manufacturing processes such as semiconductors, flat panel displays, data storage products, solar cells, and architectural glass.  It also develops grid connect inverters for the solar energy market.  After the correction in many alternative energy names since January 1, traders better hope that this is far from a key supplier to that market.

Shares closed down less than 1% at $11.03 in normal trading, but shares are down 9.3% to $10.00 in after-hours trading.  If these post-close lows hold this will mark a 52-week low as the range was $10.23 to $25.97.  That’s about 60% off its highs and far worse if you consider a $60+ handle for part of 2000 back in the tech bubble days.

Jon C. Ogg
January 22, 2008

Posted on: January 22, 2008 – 5:13 pm in Earnings Warning, Semiconductor, Technology Companies,