Posts for Ticker ‘HUGH’

Top 10 Pre-Market Analyst Calls (BBY, CLMS, FDRY, GHL, HUGH, JEF, LM, MCK, MXB, PNRA)

These are ten of the analyst calls we are focusing on this Friday morning:

  • Best Buy (NYSE: BBY) Cut to Hold from Buy at Deutsche Bank.
  • Calamos Asset Management (NASDAQ: CLMS) Cut to Underperform at Credit Suisse.
  • Foundry Networks (NASDAQ: FDRY) Cut to Neutral from Buy at Bank Of America.
  • Greenhill (NYSE: GHL) Cut To Market Perform from Outperform at Wachovia.
  • Hughes Communications (NASDAQ: HUGH) Started as Overweight at Lehman Brothers.
  • Jefferies Group (NYSE: JEF) cut to Market Perform at KBW.
  • Legg Mason (NYSE: LM) Raised to Neutral at Credit Suisse.
  • McKesson (NYSE: MCK) started as Market Outperform at JMP Securities.
  • MSCI Inc. (NYSE: MXB) started as Buy at UBS.
  • Panera Bread (NASDAQ: PNRA) Raised to Buy from Neutral at Piper Jaffray.

Jon C. Ogg
June 6, 2008

Posted on: June 6, 2008 – 6:29 am in Analyst Calls, , , , , , , , , ,

Hughes Raises Satellite Spending Cash (HUGH)

Hughes Communications, Inc. (NASDAQ: HUGH) is under a little pressure after the company announced plans to offer a shelf registration for up to 2 million shares of common stock.

The broadband satellite network solutions and services global leader intends to offer 2 million common shares and an additional 239,000 shares will be offered by selling stockholders, including senior management members.

Joint book-runners will be Goldman Sachs and Lehman Brothers; and co-managers are Banc of America, Cowen & Co., Morgan Stanley, UBS, and Wachovia Securities.  The underwriting syndicate will also be granted an option to purchase an additional 335,940 shares of common stock for over-allotments.

The proceeds from the public offering valued at approximately $100 million from the company itself will be used for the purchase of a satellite or for general corporate purposes.  Hughes will not receive any proceeds from selling stockholders.

Shares of Hughes are down over 3% at $50.00 in early morning trading. The 52-week range is $42.00 to $61.00. The market cap currently sits around $965 million.

You can join our open email distribution list to hear about other secondary offerings, special financings, mergers, IPO’s, spin-offs, and other special situations.

Rachel Lopez
May 13, 2008

Posted on: May 13, 2008 – 10:33 am in Satellite, Secondary Offering,

Top 10 Analyst Calls (APOL, COCO, CMCSA, FNM, FRE, HUGH, INTC, NTRS, PZN, CSR, UTX)

Below are some of the key impact analyst calls from 247WallSt.com:

  • Apollo Group (APOL) and Corinthian Colleges (COCO) started as Buy at B of A.
  • Comcast (CMCSA) downgraded to Neutral at Goldman Sachs.
  • Fannie Mae (FNM) downgraded to Neutral from Buy at Piper Jaffray; and also downgraded to Underperform from Neutral at Credit Suisse.
  • Freddie Mac (FRE) cut to Underperform at Credit Suisse.
  • Hughes Communications (HUGH) started as Outperform at Wachovia.
  • Intel (INTC) raised to Overweight at Thomas Weisel.
  • Northern Trust (NTRS) cut to Neutral at Merrill Lynch.
  • Pzena (PZN) started as Underweight at J.P.Morgan.
  • Security & Surveillance Technology (CSR) started as Overweight at Lehman.
  • United Tech (UTX) added to Goldman Sachs Conviction Buy List.

Jon C. Ogg
December 5, 2007

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

Posted on: December 5, 2007 – 8:18 am in Analyst Calls, , , , , , , , , , ,

Wal-Mart (WMT) To Sell Broadband Service

Wal-Mart (WMT) is teaming up with Hughes Communications (HUGH) to sell satellite-based broadband, according to a report in BusinessWeek. While DSL and cable have much larger customer bases, the entry of Wal-Mart into the market could force price cuts at the incumbents, if they want to keep share.

Coupled with WiMax deployments from firms like Clearwire (CLWR) and Sprint (S), the number of companies marketing big pipes to the home is increasing fairly fast. Good for customers. Bad for the companies.

Douglas A. McIntyre

Posted on: October 9, 2007 – 7:43 am in Retail, , , ,