24/7 Wall St. » JDSU

Top Analyst Upgrades & Downgrades (AKS, ALTR, BRCM, CPN, CTL, DELL, EW, JDSU, MRVL, NMR, STLD, GWW)

Administrator — Thu, 02 Feb 2012 13:32:39 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Thursday morning.

AK Steel Holding Corp. (NYSE: AKS) Cut to Underperform at BofA/ML.
Altera Corporation (NASDAQ: ALTR) Cut to Underperform as Bear of the Day at Zacks.
Broadcom Corporation (NASDAQ: BRCM) Started as Buy at Canaccord Genuity.
Calpine Corporation (NYSE: CPN) Started as Overweight at JPMorgan.
CenturyLink, Inc. (NYSE: CTL) Cut to Neutral at Goldman Sachs.
Dell Inc. (NASDAQ: DELL) Raised to Overweight at JPMorgan.
Edwards Lifesciences Corporation (NYSE: EW) Cut to Neutral at Credit Suisse.
JDS Uniphase (NASDAQ: JDSU) Cut to Neutral at UBS.
Marvell Technology Group Ltd. (NASDAQ: MRVL) Started as Buy at Canaccord Genuity.
Nomura Holdings Inc. (NYSE: NMR) Raised to Outperform at Credit Suisse.
Steel Dynamics, Inc. (NASDAQ: STLD) Cut to Neutral at BofA/ML.
W.W. Grainger, Inc. (NYSE: GWW) Maintained Outperform as Bull of the Day at Zacks.

If you enjoyed the top analyst calls, you can sign up in the box below to join our morning email list to receive news directly in your inbox each morning. We include major analyst upgrades and downgrades, IPO and M&A news, special situation developments, observations on Warren Buffett and key market gurus, as well as special exclusive feature stories.

JON C. OGG

Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: AKS, ALTR, BRCM, CPN, CTL, DELL, EW, GWW, JDSU, MRVL, NMR, STLD

11 Major Earnings Previews For Wednesday (AET, ALL, AOL, BMC, CMO, CMG, GMCR, JDSU, LVS, NDAQ, QCOM)

Administrator — Tue, 31 Jan 2012 17:45:34 +0000

Earnings season is still going strong and Wednesday will have many big earnings reports to watch. These are not the only earnings reports coming from big companies, but these are the ones we will be watching closely: Aetna Inc. (NYSE: AET); The Allstate Corporation (NYSE: ALL); AOL Inc. (NYSE: AOL); BMC Software Inc. (NASDAQ: BMC); Capstead Mortgage Corp. (NYSE: CMO); Chipotle Mexican Grill Inc. (NYSE: CMG); Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR); JDS Uniphase Corporation (NASDAQ: JDSU); Las Vegas Sands Corporation (NYSE: LVS); NASDAQ OMX Group Inc. (NASDAQ: NDAQ); and QUALCOMM Inc. (NASDAQ: QCOM).

We have provided estimates from Thomson Reuters on each and offered commentary and guidance on some of these companies. More detailed previews will be available Tuesday morning for the reports due after the closing bell:

Aetna Inc. (NYSE: AET) estimates are $0.98 EPS and $8.49 billion. Watch the medical loss ratio here as it seems to be in quarters past that insurance outfits have been making more money than they were supposed to be making once the new healthcare laws go into effect. With shares around $44, the year high is $46.01.

The Allstate Corporation (NYSE: ALL) will prove if it has everyone in good hands or not. Thomson Reuters has estimates of $0.97 EPS. With shares around $29, its 52-week range is $22.27 to $34.40.

AOL Inc. (NYSE: AOL) has now seen shares bounce 60% off of the bottom and that is despite the recent news that Facebook is taking much of the new advertising market share. Estimates are $0.16 EPS per Thomson Reuters data but we just saw $0.28 noted in a Dow Jones preview yesterday. That being said, we are staying out of this one.

BMC Software Inc. (NASDAQ: BMC) is expected to post $0.82 EPS on almost $556 million in sales.

Capstead Mortgage Corp. (NYSE: CMO) is not a market moving stock, but investors who are into the world of high-yielding mortgage REITs will be watching. The estimate is $0.41 EPS (actually FFO) and the next dividend will be likely dependent upon that report. Its dividend yield screens north of 13% today.

Chipotle Mexican Grill Inc. (NYSE: CMG) is a cult stock if there every was one and now its valuation is close to $11.5 billion and the stock is within 2% of its all-time high. Thomson Reuters has a consensus of $1.83 EPS and $591.1 million in sales. For 2012, the estimates are $8.68 EPS and 2.7 billion in revenues.

Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) is another huge cult stock down on its luck from recent highs. The stock is still down by more than half. Thomson Reuters has estimate at $0.36 EPS and $1.06 billion in sales.

JDS Uniphase Corporation (NASDAQ: JDSU) still has a huge shareholder base that got buried in the first big tech bubble. At $12.75, the 52-week range is $8.59 to $29.12. Thomson Reuters has a consensus of $0.10 EPS and $390.9 million.

Las Vegas Sands Corporation (NYSE: LVS) is also within striking distance of a near-term high as shares are currently around $49.00 against a 52-week range of $36.05 to $50.68. The consensus estimates from Thomson Reuters are $0.57 EPS and $2.46 billion in sales.

NASDAQ OMX Group Inc. (NASDAQ: NDAQ) is a value stock when it comes to the exchanges and it is not supposedly trying to do any crazy merger right now. At $25.00 the 52-week range is $20.32 to $29.71. The consensus estimate is $0.62 EPS and $417.8 million.

QUALCOMM Inc. (NASDAQ: QCOM)is within striking distance of its yearly high as shares are around $58.80 and the 52-week range is $45.98 to $59.84. Thomson Reuters has estimates of $0.90 EPS on $4.57 billion in revenues. Next quarter estimates are $0.89 EPS and $4.49 billion in sales. Keep in mind that if it rallies much more than the current $98.8 billion market cap will be $100 billion.

JON C. OGG

Filed under: 24/7 Wall St. Wire, Calendar, Earnings Tagged: AET, ALL, AOL, BMC, CMG, CMO, GMCR, JDSU, LVS, NDAQ, QCOM

Top Analyst Upgrades & Downgrades (BLK, EMC, GOOG, HUM, IBN, INTC, JDSU, JCI, NCIT, TNP, TXN, TSCO, VLO, WU, CCL, RCL)

Administrator — Fri, 20 Jan 2012 13:22:36 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Friday morning.

BlackRock Inc. (NYSE: BLK) Cut to Neutral at Citigroup.
EMC Corporation (NYSE: EMC) Reiterated Outperform at Credit Suisse.
Google Inc. (NASDAQ: GOOG) Maintained Buy but cut target to $700 at Canaccord Genuity.
Humana Inc. (NYSE: HUM) Cut to Market Perform at Wells Fargo.
ICICI Bank Ltd. (NYSE: IBN) Cut to Underperform and named Bear of the Day at Zacks.
Intel Corporation (NASDAQ: INTC) Cut to Hold at Kaufman; Reiterated Outperform and raised target to $35 at Credit Suisse; Maintained Hold with $24 target at Canaccord Genuity.
JDS Uniphase Corporation (NASDAQ: JDSU) Raised to Buy at Stifel Nicolaus.
Johnson Controls Inc. (NYSE: JCI) Cut to Neutral at JPMorgan.
NCI. Inc. (NASDAQ: NCIT) Cut to Underperform at Wells Fargo.
Tsakos Energy Navigation Ltd. Co. (NYSE: TNP) Raised to Outperform at Credit Suisse.
Texas Instruments Inc. (NASDAQ: TXN) Cut to Hold at Needham.
Tractor Supply Co. (NASDAQ: TSCO) Reiterated Buy and raised target to $92 at Argus.
Valero Energy Corporation (NYSE: VLO) Reiterated Buy with $35 price target at Argus.
Western Union Co. (NYSE: WU) Reiterated Outperform as Bull of the Day at Zacks.

Carnival Corporation (NYSE: CCL) and Royal Caribbean Cruises Ltd. (NYSE: RCL) lowered targets and estimates by Credit Suisse.

JON C. OGG

Filed under: Analyst Calls Tagged: BLK, CCL, EMC, GOOG, HUM, IBN, INTC, JCI, JDSU, NCIT, RCL, TNP, TSCO, TXN, VLO, WU

24/7 Wall St. Closing Bell (GOOG, JDSU, DRI, CB, LNKD, SAI, VRA, MTN, VLGEA, MW, TLB, MNI, MSO, FSLR, JAG, GBG)

Paul Ausick — Wed, 07 Dec 2011 21:06:59 +0000

Equities fell sharply after this morning’s opening. Futures were soft prior to the opening bell due largely to continue to worry about Europe and a forecast cut to the European Central Bank’s lending rate from 1.25% to 1%. The mid-morning report on US crude oil stocks put a halt to any thought of a crude price rise, with US inventories growing by 1.3 million barrels following a 3.9 million barrel increase the week before. WTI is trading down almost $1, at $100.30/barrel late in the day, and Brent is trading at $109.45/barrel, down more than $1.35. Gold is up nearly 0.75%, at $1,744.60.

The unofficial closing bells put the DJIA up more than 45 points to 12,195.61 (0.37%), the NASDAQ fell less than 1 point (-0.01%) to 2,649.21, and the S&P 500 rose 0.20% or more than 2 points to 1,261.02.

There were several analyst upgrades and downgrades today, including Google Inc. (NASDAQ: GOOG) started as ‘buy’ with a $725 target price at Canaccord Genuity. Other ratings actions today include JDS Uniphase Corp. (NASDAQ: JDSU) started as ‘buy’ with a $14.75 target price at Jefferies; Darden Restaurants Inc. (NYSE: DRI) cut to ‘hold’ from ‘buy’ at Argus; Chubb Corp. (NYSE: CB) started as ‘outperform’ at Credit Suisse; and LinkedIn Corp. (NASDAQ: LNKD) started as ‘buy’ with an $85 target price at Canaccord Genuity.

Here are today’s post-earnings news reactions with prices during the last half-hour of trading: SAIC Inc. (NYSE: SAI) is up 6.5% at $12.95; Vera Bradley Inc. (NASDAQ: VRA) is down about -1.5% at $36.62; Vail Resorts Inc. (NYSE: MTN) is up slightly less than -1% at $45.48; Village Super Market Inc. (NASDAQ: VLGEA) is down more than -3.8% at $30.49; and The Men’s Wearhouse, Inc. (NYSE: MW) is up more than 20% at $32.68.

Several other standouts from today are as follows…

The Talbots Inc. (NYSE: TLB) is up about 65% at $2.58. The women’s clothing store has received a takeover offer from private equity firm Sycamore Partners for $3.00/share, a 92% premium to the stock’s closing price yesterday.

The McClatchy Co. (NYSE: MNI) is up more than 52%, at $1.80. The newspaper company said that advertising rates have not fallen as badly in the first two months of the current quarter. For the first nine months of this year ad revenue declined -10%, compared with a decline of -5.6% in October and November.

Martha Stewart Living Omnimedia Inc. (NYSE: MSO) is up more than 32%, to $4.12. Retailer J.C. Penney Co. (NYSE: JCP) acquired a 16.6% stake in the lifestyle and media company today for $3.50/share, or $38.5 million. More coverage here.

First Solar Inc. (NASDAQ: FSLR) is up more than 4.6%, at 48.26. The company sold its 550-megawatt Topaz solar PV plant to a subsidiary of Berkshire Hathaway Inc. (NYSE: BRK-A) for an undisclosed sum. The plant had previously been valued at more than $2 billion. More coverage here.

Jaguar Mining Inc. (NYSE: JAG) is down -9.6%, at $6.55. The junior gold miner said yesterday that its founding CEO had resigned.

Great Basin Gold Ltd. (AMEX: GBG) is up about 17.8%, at $1.19. Another junior gold miner, Great Basin has finalized a $150 million term credit facility for 5 years at a rate 4% above LIBOR.

Stay tuned for Thursday. Here are some noteworthy events on the schedule (all times Eastern):

8:30 a.m. – New US unemployment claims report
10:00 a.m. – Wholesale trade report
10:30 a.m. – EIA weekly natural gas status report
4:30 p.m. – Federal Reserve balance sheet
4:30 p.m. – Money supply report

Paul Ausick

Filed under: HI/LOW, Market Close Tagged: CB, DRI, FSLR, GBG, GOOG, JAG, JDSU, LNKD, MNI, MSO, MTN, MW, SAI, TLB, VLGEA, VRA

Top Analyst Upgrades & Downgrades (ALL, AMZN, BX, CTL, CB, DRI, FSL, GEOI, GOOG, JDSU, LNKD, BTU, PEG, DGX, TLB, TRV, UIS, UNH, URBN, WSH)

Administrator — Wed, 07 Dec 2011 13:25:40 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday morning.

Allstate Corporation (NYSE: ALL) Started as Outperform at Credit Suisse.
Amazon.com Inc. (NASDAQ: AMZN) Started as Hold with $225.00 price target “due to low margins through 2012″ at Canaccord Genuity.
The Blackstone Group LP (NYSE: BX) Raised to Buy with $20.00 price target at Argus.
CenturyLink, Inc. (NYSE: CTL) named as value stock of the day at Zacks.
Chubb Corporation (NYSE: CB) Started as Outperform at Credit Suisse.
Darden Restaurants Inc. (NYSE: DRI) Cut to Hold from Buy at Argus.
Freescale Semiconductor Inc. (NYSE: FSL) Reinstated as Outperform at Credit Suisse.
GeoResources, Inc. (NASDAQ: GEOI) Started as Buy with $43 price target “on a concentrated Eagle Ford/Bakken exposure” by Canaccord Genuity.
Google Inc. (NASDAQ: GOOG) was initiated with a ‘Buy’ rating and $725.00 price target “on robust growth and great value” by Canaccord Genuity.
JDS Uniphase Corporation (NASDAQ: JDSU) Started in new coverage as Buy with a $14.75 price target at Jefferies.
LinkedIn Corporation (NYSE: LNKD) Started as Buy with $85 price target as “growth trumps valuation” by Canaccord Genuity.
Peabody Energy Corporation (NYSE: BTU) Downgraded to Neutral from Buy with $43 price target by Goldman Sachs.
Public Service Enterprise Group Inc. (NYSE: PEG) Downgraded to Neutral from Buy with $33 price target at Goldman Sachs.
Quest Diagnostics Inc. (NYSE: DGX) Started as Hold with $51 target at Auriga.
The Talbots, Inc. (NYSE: TLB) maintained Neutral with $3.00 fair value by Janney Capital Markets.
Travelers Cos. Inc. (NYSE: TRV) Started as Outperform at Credit Suisse.
Unisys Corporation (NYSE: UIS) Raised to Outperform as Bull of the Day at Zacks.
UnitedHealth Group Inc. (NYSE: UNH) added to the US Focus List at Credit Suisse.
Urban Outfitters, Inc. (NASDAQ: URBN) Maintained Neutral with $23.00 price target at Janney Capital Markets.
Willis Group Holdings, PLC (NYSE: WSH) named Bear of the Day at Zacks.

JON C. OGG

Filed under: Analyst Calls Tagged: ALL, AMZN, BTU, BX, CB, CTL, DGX, DRI, FSL, GEOI, GOOG, JDSU, LNKD, PEG, TLB, TRV, UIS, UNH, URBN, WSH

Top Analyst Upgrades & Downgrades (ABAX, BUD, AMAT, BX, COF, CECO, DOV, GS, HUM, JDSU, LVS, NDAQ, RFMD, SWKS, THI, TQNT, WYN)

Administrator — Wed, 07 Sep 2011 12:04:21 +0000

These are some of this Wednesday’s top analyst upgrades, downgrades, and initiations seen having an impact from Wall Street research calls.

Abaxis, Inc. (NASDAQ: ABAX) maintained Underperform as Bear of the Day at Zacks.
Anheuser-Busch InBev (NYSE: BUD) Cut to Neutral at Goldman Sachs.
Applied Materials Inc. (NASDAQ: AMAT) Reiterated Buy with $19 target at Argus.
The Blackstone Group (NYSE: BX) Cut to Perform at Oppenheimer.
Capital One Financial Corporation (NYSE: COF) Raised to Outperform at Oppenheimer.
Career Education Corp. (NASDAQ: CECO) maintained Buy but cut target to $21 from $28 at Argus.
Dover Corporation (NYSE: DOV) Cut to Underweight at JPMorgan.
Goldman Sachs Group Inc. (NYSE: GS) Cut to Perform at Oppenheimer.
Humana, Inc. (NYSE: HUM) Reiterated Outperform as Bull of the Day at Zacks.
JDS Uniphase Corporation (NASDAQ: JDSU) Started as Hold at Kaufman Bros.
Las Vegas Sands Corp. (NYSE: LVS) Raised to Buy at Goldman Sachs.
NASDAQ OMX Group (NASDAQ: NDAQ) Raised to Buy at Deutsche Bank.
RF Micro Devices Inc. (NASDAQ: RFMD) Started as Underperform with $5.50 target at BofA/ML.
Skyworks Solutions Inc. (NASDAQ: SWKS) Started as Buy with $25 target at BofA/ML.
Tim Hortons Inc. (NYSE: THI) Reiterated Buy with $56 target at BofA/ML.
TriQuint Semiconductor, Inc. (NASDAQ: TQNT) Started as Underperform with $6.75 target at BofA/ML.
Wyndham Worldwide Corporation (NYSE: WYN) named value stock of the day at Zacks.

JON C. OGG

Filed under: Analyst Calls Tagged: ABAX, AMAT, BUD, BX, CECO, COF, DOV, GS, HUM, JDSU, LVS, NDAQ, RFMD, SWKS, THI, TQNT, WYN

Top Analyst Upgrades & Downgrades (AER, AYR, BBY, BBT, CMG, CREE, HPQ, JDSU, LDK, LOGI, LULU, RIMM, SHLD, SINA, SU, TSO, VRSK)

Administrator — Fri, 19 Aug 2011 12:24:27 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning.

AerCap Holdings N.V. (NYSE: AER) Started as Outperform with $16 target at Credit Suisse.
AirCastle LTD (NYSE: AYR) Started as Neutral with $14 target at Credit Suisse.
Best Buy Co., Inc. (NYSE: BBY) Raised to BUy at S&P Equity Research (late Thursday).
BB&T Corporation (NYSE: BBT) Started as Hold at Citigroup.
Chipotle Mexican Grill, Inc. (NYSE: CMG) Raised to Outperform at Morgan Keegan.
Cree Inc. (NASDAQ: CREE) Cut to Market Perform at JMP.
Hewlett-Packard Co. (NYSE: HPQ) Cut to Neutral at UBS; Cut to Neutral at Baird.
JDS Uniphase Corporation (NASDAQ: JDSU) Maintained Buy but cut target to $17 at Argus.
LDK Solar Co., Ltd. (NYSE: LDK) cut to Neutral at Piper Jaffray.
Logitech International (NASDAQ: LOGI) Cut to Underperform as Bear of the Day at Zacks.
Lululemon Athletica Inc. (NASDAQ: LULU) Raised to Equal-Weight at Barclays.
Research in Motion Ltd. (NASDAQ: RIMM) Raised to Hold from Underperform at Jefferies.
Sears Holdings Corp. (NASDAQ: SHLD) Maintained Hold at Argus.
Sina Corporation (NASDAQ: SINA) Cut to Neutral at Credit Suisse.
Suncor Energy INc. (NYSE: SU) Raised to Buy at BofA/ML.
Tesoro Corporation (NYSE: TSO) Maintained Outperform as Bull of the Day at Zacks.
Verisk Analytics, Inc. (NASDAQ: VRSK) Raised to Outperform at KBW.

You are invited to join our free daily email distribution list to hear more about analyst upgrades and downgrades, top day trader and active trader alerts, dividend trends, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Filed under: Analyst Calls Tagged: AER, AYR, BBT, BBY, CMG, CREE, HPQ, JDSU, LDK, LOGI, LULU, RIMM, SHLD, SINA, SU, TSO, VRSK

Top Active Trader Alerts (CBOU, GENT, IVR, JASO, JDSU, NTAP, SINA, BCS, LYG, CS, ALU)

Administrator — Thu, 18 Aug 2011 12:38:29 +0000

News (and more rumors) out of Europe and a Morgan Stanley downgrade of global growth are acting to attack the markets this morning. Back on the rack… We have many movers and shakers this morning and our aim is to single out the movers on news rather than just the movers with the ticker. tape. This morning’s top active trader alert stocks are the following:

Caribou Coffee Company, Inc. (NASDAQ: CBOU) is giving up even more on an insider secondary offering with the shares down 7.8% at $13.60.

Gentium S.p.A (NASDAQ: GENT) is a loser that is less of a loser than originally indicated. The company withdrew its NDA for Defibrotide after FDA cited numerous “Refuse to File” issues. The FDA has also requested that Gentium conduct additional quality reviews and requested additional details regarding the conduct and monitoring of the trials by the independent review committee. Ouch. Shares closed down 2% at $8.79 on Wednesday and shares were down close to 30% at $6.30 in the after-hours session after it was reopened. The reaction this morning is down “only” 19.9% at $7.04.

Invesco Mortgage Capital Inc. (NYSE: IVR) is down on another secondary offering. The mortgage REIT had one secondary offering at the end of June and it has now said that it will sell 20 million more in shares. Shares are trading down over 6% at $18.06 in pre-market trading.

JA Solar Holdings Co., Ltd. (NASDAQ: JASO) is down after posting a loss and lowering its sales guidance for the next quarter. Shares are down more than 11% at $3.40 this morning.

JDS Uniphase Corporation (NASDAQ: JDSU) is almost considered impressive when you consider the snap-back reaction…. The fiber optic leader reported $0.04 net EPS on $0.23 adjusted EPS. The guidance is where the trouble comes into play. Shares closed down 1.7% at $11.70 and the stock initially was down more than 10% last night. This morning we have shares down a mere 3% at $11.35. A loss that is a win.

NetApp, Inc. (NASDAQ: NTAP) is hitting new 52-week lows by the looks of it. The company reported $0.54 EPS guided earnings down at $0.38 to $0.42 EPS for next quarter. The company also announced the retirement of its CFO. Shares were down over 3% at $41.66 on Wednesday but the stock is now down over 13% at $35.93 on Thursday morning. Keep in mind that the prior 52-week low was $38.00.

Sina Corp. (NASDAQ: SINA) is one of the few winners even after the net profit fell on rising costs. Sales were up 20% and it is growing the user base. The ADR is up 3% at $95.75.

European banks are getting hammered all over again. Here are some of the ADRs getting hit:

Barclays PLC (NYSE: BCS) is down 7.3% at $10.73;
Lloyds Banking Group plc (NYSE: LYG) is down 6.9% at $2.00;
Credit Suisse Group (NYSE: CS) is down 4.8% at $27.91.
Alcatel-Lucent (NYSE: ALU) is no bank but shares are down 4.6% at $3.53 as a leveraged tech proxy from Europe.

JON C. OGG

Filed under: Pre-Market Activity, Trading Alert Tagged: ALU, BCS, CBOU, CS, GENT, IVR, JASO, JDSU, LYG, NTAP, SINA

After-Hours Stocks on the Move (HOTT, IVR, JDSU, LTD, NTAP, PETM, SNPS, GENT)

Administrator — Wed, 17 Aug 2011 20:47:11 +0000

We have many stocks on the move after the close this Wednesday, many on earnings. The stocks on the move are as follows: Hot Topic Inc. (NASDAQ: HOTT); Invesco Mortgage Capital Inc. (NYSE: IVR); JDS Uniphase Corporation (NASDAQ: JDSU); Limited Brands, Inc. (NYSE: LTD); NetApp, Inc. (NASDAQ: NTAP); PetSmart, Inc. (NASDAQ: PETM); Synopsys Inc. (NASDAQ: SNPS); and Gentium S.p.A (NASDAQ: GENT). We have included the news and the moves on each below.

Hot Topic Inc. (NASDAQ: HOTT) is higher as a turnaround stock, but it lost $6.2 million for the quarter to come in at -$0.14 EPS. The boost is from a $25 million share buyback plan. Shares fell 1% in regular trading to $6.95, but the stock is up 4% at $7.23 in the after-hours.

Invesco Mortgage Capital Inc. (NYSE: IVR) had already had one secondary offering not too long ago at the end of June, and now it has signaled that it will sell 20 million more in shares. Shares are trading down 3.3% at $18.65 in the after-hours session.

JDS Uniphase Corporation (NASDAQ: JDSU) is down considerably after turning in a mere $0.04 net EPS on $0.23 adjusted EPS. The guidance is where the trouble comes into play. Shares closed down 1.7% at $11.70 and the stock is now down what is approaching double-digits in percentage terms at $10.60.

Limited Brands, Inc. (NYSE: LTD) is bucking some of the margin issues in retail apparel stores. The company posted $0.48 EPS vs. $0.46 estimates and it raised 2011 guidance to $2.35 to $2.40 EPS after giving same-store sales guidance for the next quarter in the high single-digit range. Shares were down 1.4% at $34.34 today but the stock is now up 3.6% at $35.50 in the after-hours.

NetApp, Inc. (NASDAQ: NTAP) is hurting: The company reported earnings of $0.54 EPS before items and gave guidance for earnings down at $0.38 to $0.42 EPS for next quarter. The company also announced the retirement of its CFO. Shares were down over 3% at $41.66 today, but now the stock is down more than 11% more at $36.95 in the after-hours session. What will hurt more than anything is that the prior 52-week low was $38.00. So much for this one being immune to the market and economy.

PetSmart, Inc. (NASDAQ: PETM) looked ok on the surface at $0.54 EPS vs. $0.51 estimates. The company also put 2011 guidance at $2.40 to $2.48 EPS versus a prior target of $2.32 to $2.42 EPS. The problem is that Thomson Reuters was already at $2.43 EPS. Shares closed down $0.03 at $41.56 and the after-hours market is down more than 3% at $40.15 in the after-hours.

Synopsys Inc. (NASDAQ: SNPS) said revenue rose almost 15% to $386.8 million and gave guidance for next quarter for revenues to be in a range of $386 to $392 million. It also gave guidance of $1.531 to $1.537 billion in 2011 sales, all of which are slightly above estimates from Thomson Reuters. Shares closed up 3.8% at $23.44 and the stock is up another 1.5% at $23.80 in the after-hours session.

Gentium S.p.A (NASDAQ: GENT) is getting whacked after announcing that the company was withdrawing its NDA for Defibrotide after recent correspondence from the FDA identifying numerous “Refuse to File” issues regarding the completeness of the datasets for both the treatment and prevention studies. The FDA has also requested that Gentium conduct additional quality reviews and requested additional details regarding the conduct and monitoring of the trials by the independent review committee. Ouch. Shares closed down 2% at $8.79 but the stock is down close to 30% at $6.30 in the after-hours session.

Some of these prices may be grossly different after the conference calls and by the morning.

JON C. OGG

Filed under: After-Hours Activity, Trading Alert Tagged: GENT, HOTT, IVR, JDSU, LTD, NTAP, PETM, SNPS

Top Earnings Previews For The Week Ahead (DDS, LDK, LOW, ADI, DELL, HD, TJX, WMT, DE, DRYS, JDSU, NTAP, SPLS, TGT, BRCD, GME, GPS, HPQ, CRM, SHLD)

Administrator — Fri, 12 Aug 2011 18:26:51 +0000

The coming week has many key earnings reports, some tech and some retail. We have tracked the major reports by day, shown Thomson Reuters estimates, as well as given price action, and then we have added on color if there was something more to add.

Investors will be watching earnings reports from the following: Dillard’s Inc. (NYSE: DDS); LDK Solar Co. Ltd. (NYSE: LDK); Lowe’s Companies Inc. (NYSE: LOW); Analog Devices Inc. (NYSE: ADI); Dell Inc. (NASDAQ: DELL); Home Depot Inc. (NYSE: HD); TJX Companies Inc. (NYSE: TJX); Wal-Mart Stores Inc. (NYSE: WMT); Deere & Co. (NYSE: DE); DryShips Inc. (NASDAQ: DRYS); JDS Uniphase Corporation (NASDAQ: JDSU); NetApp Inc. (NASDAQ: NTAP); Staples Inc. (NASDAQ: SPLS); Target Corporation (NYSE: TGT); Brocade Communications Systems Inc. (NASDAQ: BRCD); GameStop Corporation (NYSE: GME); Gap Inc. (NYSE: GPS); Hewlett Packard Co. (NYSE: HPQ); Salesforce.com Inc. (NYSE: CRM); and Sears Holdings Corporation (NASDAQ: SHLD).

We did not include the consensus analyst price target this week because the data looks very skewed since it has not been fully updated to reflect the new estimates.

Monday, August 15

Dillard’s Inc. (NYSE: DDS) has Thomson Reuters estimates of $0.25 EPS and $1.42 billion in revenues; next quarter estimates are $0.31 EPS and $1.36 billion in revenues. Keep in mind that the consensus group is too small for us to have much faith in estimates. Shares are trading around $42.50 and the 52-week trading range is $19.26 to $61.08.

LDK Solar Co. Ltd. (NYSE: LDK) has Thomson Reuters estimates of $0.44 EPS and $716.37 million in revenues; next quarter estimates are $0.33 EPS and $740.77 million in revenues. Shares are trading around $6.36 and the 52-week trading range is $4.97 to $15.10. With the woes of solar and with the woes of Chinese accounting, LDK could be up huge or down huge.

Lowe’s Companies Inc. (NYSE: LOW) has Thomson Reuters estimates of $0.67 EPS and $14.78 billion in revenues; next quarter estimates are $0.35 EPS and $11.97 billion in revenues. Shares are trading around $19.26 and the 52-week trading range is $18.97 to $27.45. That 52-week low was hit on Friday.

Filed under: Calendar, Earnings, The Week Tagged: ADI, BRCD, CRM, DDS, DE, DELL, DRYS, GME, GPS, HD, HPQ, JDSU, LDK, LOW, NTAP, SHLD, SPLS, TGT, TJX, WMT