24/7 Wall St. » SNCR

Top Earnings Previews For Tuesday (NLY, BP, BWLD, CERN, CHD, KO, EMR, HIG, JIVE, NTGR, OPEN, PNRA, SNCR, TM, DIS)

Administrator — Mon, 06 Feb 2012 18:24:07 +0000

We are getting into the last of the normalized quarterly earnings reports and into the first waves of the companies with off-normal quarter-ends. Tuesday is going to be another busy day with many earnings. The earnings previews are for the following: Annaly Capital Management Inc. (NYSE: NLY); Bp Plc (NYSE: BP); Buffalo Wild Wings Inc. (NASDAQ: BWLD); Cerner Corporation (NASDAQ: CERN); Church & Dwight Co. (NYSE: CHD); Coca-Cola Co. (NYSE: KO); Emerson Electric Co. (NYSE: EMR); Hartford Financial Services Group Inc. (NYSE: HIG); Jive Software Inc. (NASDAQ: JIVE); NETGEAR Inc. (NASDAQ: NTGR); OpenTable Inc. (NASDAQ: OPEN); Panera Bread Co. (NASDAQ: PNRA); Synchronoss Technologies, Inc. (NASDAQ: SNCR); Toyota Motor Corporation (NYSE: TM); and The Walt Disney Co. (NYSE: DIS).

We have compiled previews using Thomson Reuters consensus data and have added color on each if applicable.

Annaly Capital Management Inc. (NYSE: NLY) is going to be closely watched by the dividend investors because of that 13% implied dividend yield. The mortgage REIT is expected to report $0.56 per share.

Bp Plc (NYSE: BP) has recovered handily from the 2010 Deepwater Horizon disaster. This is an ADR so its earnings will be converted from U.K. Pounds… The estimate is $1.57 per share and the stock is up well over 50% from when its shares sold off so much in 2010. Keep in mind that this was a $60 stock before the Gulf of Mexico disaster.

Buffalo Wild Wings Inc. (NASDAQ: BWLD) is not so hot after the Super Bowl and we are six weeks from the next mega-event in sports. Estimates are $0.67 EPS and $210.25 million. This one remains expensive at almost 22-times full 2012 earnings expectations and it is only about $2.00 shy of a 52-week and all-time high.

Cerner Corporation (NASDAQ: CERN) is expected to report $0.53 EPS and $586.86 million in sales. At $63.20, the 52-week trading range for the healthcare information technology and support company is $53.93 to $74.39.

Church & Dwight Co. (NYSE: CHD) is expected to report $0.51 EPS and $694.32 million. At $45.50, the 52-week range is $33.83 to $47.00. This consumer products company remains at a large valuation premium to its larger consumer products rivals and it also has a much lower dividend yield.

Filed under: 24/7 Wall St. Wire, Calendar, Earnings Tagged: BP, BWLD, CERN, CHD, DIS, EMR, HIG, JIVE, KO, NLY, NTGR, OPEN, PNRA, SNCR, TM

Top Analyst Upgrades & Downgrades (AEO, AAPL, ARBA, BHP, CASY, CHU, FFIV, GOL, HPQ, KMT, ODFL, SAP, GAME, SILC, SPRD, SNCR)

Administrator — Thu, 25 Aug 2011 12:25:12 +0000

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

American Eagle Outfitters, Inc. (NYSE: AEO) Raised to Neutral from Sell at Lazard.
Apple Inc. (NASDAQ: AAPL) Maintained Overweight at JPMorgan; Maintained Outperform at Credit Suisse; Maintained Buy at BofA/ML.
Ariba Inc. (NASDAQ: ARBA) Reiterated Hold at Argus.
BHP Billiton Ltd. (NYSE: BHP) Raised to Buy at Societe Generale.
Casey’s General Stores Inc. (NASDAQ: CASY) Raised to Buy at BofA/ML.
China Unicom (NYSE: CHU) Raised to Outperform at Credit Suisse.
F5 Networks, Inc. (NASDAQ: FFIV) Raised to Buy at Stifel Nicolaus.
Gol Linhas Aereas (NYSE: GOL) named Bear of the Day at Zacks.
Hewlett-Packard Co. (NYSE: HPQ) Cut to Sector Perform at RBC.
Kennametal Inc. (NYSE: KMT) Started as Outperform at Credit Suisse.
Old Dominion Freight Line, Inc. (NASDAQ: ODFL) named Value stock of the day at Zacks.
SAP AG (NYSE: SAP) Started as Buy at RBS.
Shanda Games Limited (NASDAQ: GAME) Raised to Buy at Deutsche Bank.
Silicom, Ltd. (NASDAQ: SILC) named Bull of the Day at Zacks.
Spreadtrum Communications Inc. (NASDAQ: SPRD) Reiterated Buy and Raised target to $25 at BofA/ML.
Synchronoss Technologies, Inc. (NASDAQ: SNCR) Raised to Outperform at Baird.

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: AAPL, AEO, ARBA, BHP, CASY, CHU, FFIV, GAME, GOL, HPQ, KMT, ODFL, SAP, SILC, SNCR, SPRD

Top After-Hours Stocks on the Move (IDTI, MHP, OPWV, SPIL, SNCR, TXRH)

Administrator — Mon, 01 Aug 2011 21:30:02 +0000

We are tracking several key movers and shakers after the close in this Monday’s after-hours evening trading session. Some are earnings related but some moves are from other data. Those on the move are as follows: Integrated Device Technology, Inc. (NASDAQ: IDTI); The McGraw-Hill Companies, Inc. (NYSE: MHP); Openwave Systems Inc. (NASDAQ: OPWV); Siliconware Precision Industries Company, Ltd. (NASDAQ: SPIL); Synchronoss Technologies, Inc. (NASDAQ: SNCR); and Texas Roadhouse, Inc. (NASDAQ: TXRH). We have outlined a brief summary of the news and the moves on each.

Integrated Device Technology, Inc. (NASDAQ: IDTI) met estimates, but missed on revenues after the close. Shares are trading down 8.2% at $6.16 in the after-hours session.

The McGraw-Hill Companies, Inc. (NYSE: MHP) is surging on news that Jana Partners and the Ontario Teachers are not just going activist… They took a stake and are pushing for the company to bust itself up to enhance value. Shares are up almost 6% at $43.85 in active trading after the close.

Openwave Systems Inc. (NASDAQ: OPWV) is one that many have already forgotten long ago, but a wider loss and announcing job cuts is not going to help matters. Shares closed down almost 2% today and shares are down another 6.3% at $2.07 in the after-hours session.

Siliconware Precision Industries Company, Ltd. (NASDAQ: SPIL) fell after reporting almost 2% sequential sales growth that seems to have missed the mark. Shares are down 8.8% at $4.52 after the close.

Synchronoss Technologies, Inc. (NASDAQ: SNCR) turned in an 8.5% earnings gain but also announced a patent settlement with Dashwire for cloud management patents; Synchronoss shares are up 6.7% at $30.70 in the after-hours session.

Texas Roadhouse, Inc. (NASDAQ: TXRH) is getting clipped in after-hours trading after posting a penny-lite $0.22 EPS and giving 5% growth guidance on earnings rather 5% to 10% previously along with lower margins. Shares are down 9.7% at $15.00 in the Monday evening post-close period.

JON C. OGG

Filed under: After-Hours Activity, Trading Alert Tagged: IDTI, MHP, OPWV, SNCR, SPIL, TXRH

Top Analyst Upgrades & Downgrades (AMSF, AAPL, ARUN, BDX, BIIB, GLW, FST, JBL, MU, MMI, OXY, RIMM, SHLD, SPWRA, SRDX, SNCR)

Administrator — Tue, 21 Jun 2011 12:28:01 +0000

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

Amerisafe, Inc. (NASDAQ: AMSF) Cut to Underperform as Bear of the Day at Zacks.
Apple Inc. (NASDAQ: AAPL) Maintained Outperform but cut target to $420 at Oppenheimer; Maintained Outperform; Zacks cautious on iPad3 launch.
Aruba Networks, Inc. (NASDAQ: ARUN) Started as Outperform at Morgan Keegan.
Becton Dickinson & Co. (NYSE: BDX) Reiterated Buy and Raised target to $96 at Argus.
Biogen Idec Inc. (NASDAQ: BIIB) Raised to Buy with $129 target at Deutsche Bank.
Corning Inc. (NYSE: GLW) Reiterated Buy and $26 target at Argus; Cut estimates at BofA/ML.
Forest Oil Corporation (NYSE: FST) Started as Outperform at Credit Suisse.
Jabil Circuit Inc. (NYSE: JBL) Cut to Strong Sell at S&P Equity Research (late-Monday).
Micron Technology, Inc. (NASDAQ: MU) Maintained Buy but cut estimates at BofA/ML.
Motorola Mobility (NYSE: MMI) Cut to Underperform at Credit Suisse.
Occidental Petroleum Corporation (NYSE: OXY) Started as Neutral at Credit Suisse.
Research in Motion Ltd. (NASDAQ: RIMM) Cut to Neutral at Credit Suisse.
Sears Holdings Corporation (NASDAQ: SHLD) rating cut to ‘B’ and outlook negative at Fitch.
SunPower Corporation (NASDAQ: SPWRA) Raised to Hold at Wunderlich.
SurModics, Inc. (NASDAQ: SRDX) Maintained Outperform as Bull of the Day at Zacks.
Synchronoss Technologies, Inc. (NASDAQ: SNCR) Added to Conviction Buy List at Goldman Sachs.
Wendy’s/Arby’s Group Inc. (NYSE: WEN) Raised to Hold at Argus.

JON C. OGG

Filed under: Analyst Calls Tagged: AAPL, AMSF, ARUN, BDX, BIIB, FST, GLW, JBL, MMI, MU, OXY, RIMM, SHLD, SNCR, SPWRA, SRDX

Top Analyst Upgrades and Downgrades (ARG, AGNC, BRCM, CIM, CME, FSLR, HBAN, ICE, MNKD, MCD, MFA, MGI, NFLX, NTAP, ORCL, SNCR, VRTX)

Administrator — Mon, 20 Dec 2010 13:18:34 +0000

These are some of this Monday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls.

Airgas Inc. (NYSE: ARG) Raised to Overweight at Piper Jaffray.
American Capital Agency Corp. (NASDAQ: AGNC) Started as Outperform at Credit Suisse.
Broadcom Corporation (NASDAQ: BRCM) reiterated Buy and $50 target at Argus.
Chimera Investment Corporation (NYSE: CIM) Raised to Outperform at Credit Suisse.
CME Group Inc. (NYSE: CME) Raised to Buy at BofA/ML.
First Solar Inc. (NASDAQ: FSLR) Reiterated Buy at Argus.
Huntington Bancshares Inc. (NASDAQ: HBAN) Raised to Buy at BofA/ML.
IntercontinentalExchange Inc. (NYSE: ICE) Reinstated as Buy at BofA/ML.
MannKind Corp. (NASDAQ: MNKD) Cut to Neutral at BofA/ML.
McDonald’s Corporation (NYSE: MCD) Reiterated Outperform at Credit Suisse.
MFA Financial, Inc. (NYSE: MFA) Cut to Neutral at Credit Suisse.
Moneygram International Inc. (NYSE: MGI) Started as Buy and $3.40 target at BofA/ML.
Netflix, Inc. (NASDAQ: NFLX) Started as Neutral at Goldman Sachs.
NetApp, Inc. (NASDAQ: NTAP) Raised to Buy at Stifel Nicolaus.
Oracle Corporation (NASDAQ: ORCL) Reiterated Buy and Raised target to $39 at Argus.
Synchronoss Technologies, Inc. (NASDAQ: SNCR) Started as Outperform and $34 target at Credit Suisse.
Vertex Pharmaceuticals, Inc. (NASDAQ: VRTX) Reiterated Buy and $43 target at BofA/ML.

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

JON C. OGG

Filed under: Analyst Calls Tagged: AGNC, ARG, BRCM, CIM, CME, FSLR, HBAN, ICE, MCD, MFA, MGI, MNKD, NFLX, NTAP, ORCL, SNCR, VRTX

Top Analyst Upgrades (FWLT, GNW, ITRI, NUE, SPR, SNCR, STI, SYNA, USB, VIA)

247wallst — Thu, 17 Sep 2009 12:13:16 +0000

These are this Thursday morning’s top analyst upgrades and positive research calls seen from Wall Street:

Foster Wheeler (FWLT) Raised to Buy at Goldman Sachs.
Genworth (GNW) Raised to Buy at Deutsche Bank.
Itron (ITRI) Started as Buy at Jefferies.
Nuecor (NUE) Raised to Buy at Citigroup.
Spirit AeroSystems Holdings Inc (SPR) Raised to Conviction Buy at Goldman Sachs.
Synchronoss Technologies (SNCR) Raised to Overweight at Thomas Weisel.
SunTrust (STI) Started as Outperform at Oppenheimer.
Synaptics (SYNA) Started as Buy at Needham.
USBancorp (USB) Raised to Buy at Rochdale.
Viacom (VIA) Raised to Buy at UBS.

JON C. OGG

Posted in Analyst Calls Tagged: FWLT, GNW, ITRI, NUE, SNCR, SPR, STI, SYNA, USB, VIA

Synchronoss Lands Time Warner Cable As Customer (SNCR, TWC)

247wallst — Thu, 26 Jun 2008 07:08:06 +0000

Synchronoss Technologies, Inc. (NASDAQ: SNCR) has announced that its ConvergenceNow platform has been selected for the activation and lifecycle management of Time Warner Cable’s (NYSEL TWC) triple play offering for online transactions.

While financial terms weren’t formally disclosed, Synchronoss will support the online activation and provisioning of triple play services for Voice, High-speed Internet and Video, as well as other offerings.

If any company needed a new large customer it was Synchronoss. The company has been plagued of late by issues surrounding the iPhone sign-ups and others in a contracting industry. As of yesterday, shares were down more than 75% from their 52-week highs. Shares are indicated up almost 4% pre-market at $10.26 in very thin pre-market trading.

Jon C. Ogg
June 26, 2008

The 52-Week Low Club (ABK)(VSE)(LEE)(NOK)(SNCR)

247wallst — Tue, 10 Jun 2008 14:51:31 +0000

AMBAC (ABK) Brutal sell-off in some financials. S&P cuts some securities covered by the insurer. Down to $1.74 from 52-week high of $89.33.

Verasun Energy (VSE) Corn up, ethanol stocks down. Hits bottom at $6.26 against 52-week high of $17.75.

Lee Enterprises (LEE) Newspaper stocks still tumbling. Falls to $5.50 from 52-week high of $25.18.

Nokia (NOK) iPhone jitters. Sells off to $25.70 from 52-week high of $42.22.

Gatehouse (GHS) Another newspaper stock. Down to $3.36 from 52-week high of $19.64.

Synchronoss Technologies (SNCR) Loses piece of iPhone business. Beat down to $10.76 from 52-week high of $48.03.

Douglas A. McIntyre

Top 10 Pre-Market Analyst Calls (BMY, MAR, MS, NRG, OMRI, SNCR, TRMB, TSN, MTN, XNPT)

247wallst — Wed, 04 Jun 2008 06:53:20 +0000

These are ten of the analyst calls we are focusing on this Wednesday morning in pre-market trading:

Bristol-Myers (NYSE: BMY) cut to Neutral at Cowen.
Marriott (NYSE: MAR) cut to Perform at Oppenheimer.
Morgan Stanley (NYSE: MS) Raised to Outperform from Market Perform at Wachovia.
NRG Energy (NYSE: NRG) Cut to Neutral at Credit Suisse.
Omrix (NASDAQ: OMRI) Cut to Neutral from Buy at UBS.
Synchronoss Tech (NASDAQ: SNCR) started as Buy at Brean Murray.
Trimble Navigation (NASDAQ: TRMB) Cut to Neutral from Overweight at JP Morgan.
Tyson Foods (NYSE: TSN) Raised to Outperform from Market Perform at Wachovia.
Vail Resorts (NYSE: MTN) started as Buy at Banc of America.
XenoPort (NASDAQ: XNPT) Started as Buy at Goldman Sachs

Jon C. Ogg
June 4, 2008

52-Week Low Club (AGN, WTR, CTB, ISLE, LPSN, OPTT, SGIC, SNCR)

247wallst — Wed, 07 May 2008 14:50:35 +0000

Today turned out being an ugly day, but there were many stocks that fell sharply to new 52-week lows all on their own without help from the market working against them.

Allergan Inc. (NYSE: AGN) hit a new low today despite showing earnings growth that beat expectations and announcing positive guidance. Shares were at $2.31 after hitting a low of $51.00 intraday. The 52-week range is $52.26 to $70.40. Apparently it takes more than good earnings to boost the health of this healthcare stock.

Aqua America Inc. (NYSE: WTR) missed earnings estimates and suffered adowngrade by Wachovia this morning. So much for water being the safestinvestment around. Shares are sitting at $17.42 in the final minutestoday; prior 52-week range of $17.75 to $26.62. This water companyprobably needs a different beverage tonight after today.

Cooper Tire & Rubber Co. (NYSE: CTB) needs a tire change after first quarter income reported this morning dropped. Shares are sitting at $12.72 in the final minutes today. The 52-week range wass $12.85 to $28.50.

Isle of Capri Casinos Inc. (NASDAQ: ISLE) was down to $6.42 in the final minutes today. The 52-week range is $6.43 to $26.03. Who says the house always wins?

LivePerson Inc.’s (NASDAQ: LPSN) weak quarter one earnings and outlook is pushing this stock down to $2.51 compared to a 52-week range of $2.68 to $6.94.

Ocean Power Technologies, Inc (NASDAQ: OPTT) hitting yet another 52-week low today. Shares for this ocean wave renewable power generator are trading at about $8.25 in the final minutes today compared to a prior 52-week range of $8.56 to $19.75. So much for green always being the new gold. This is actually a post-IPO low.

Silicon Graphics Inc. (NASDAQ: SGIC) dropped after third quarter losses widened. A contract with NASA to supply the next superconductor isn’t enough to pull this stock up. Shares are trading at $7.62 late in the day compared to a 52-week range of $8.00 to $29.73.

Synchronoss Technologies, Inc. (NASDAQ: SNCR) took a massive hit after they released guidance that the company is concerned with revenues by Apple’s (NASDAQ: AAPL) iPhone. Tuesday, the company reported a 17% profit growth at $0.16 EPS on $29.1 million in revenues, meeting estimates; but guidance stank the place up. Shares were down over 43% to $12.92 in late-day trading on extremely high relative trading volume. The 52-week range was $15.15 to $48.03.

Jon C. Ogg
May 7, 2008