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Cablevision First to Extend Full Cable Television Service to In-Home iPhone and iPod touch Devices
Tuesday, August 9, 2011 - 8:22am | 154Cablevision Systems Corp. (NYSE: CVC) today announced the launch of a new Optimum App for iPhone and iPod touch that delivers the full cable television experience on these devices in the home, extending the innovative functionality that debuted in April with the Optimum App for iPad. Cablevision...
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Citi Reiterates Buy and PT of $35 on DISH Network
Tuesday, August 9, 2011 - 8:11am | 55Citi reiterated its Buy rating on DISH Network (NASDAQ: DISH). At the same time, the rating agency left its price target on the company's stock unchanged at $35. On Monday, DISH closed the day at $22.64. Its shares added 3.09% to their value in today's pre-market trading to stand around $23.34.
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UPDATE: Cablevision Reports Rise In Q2 Profit
Tuesday, August 9, 2011 - 7:58am | 72Cablevision Systems Corp (NYSE: CVC) reported a rise in its second-quarter profit. Cablevision reported its quarterly net income at $87.8 million, or $0.31 per share, up from $60.9 million, or $0.20 per share, in the year-ago period. Its revenue climbed 9.1% to $1.69 billion. Cablevision reported...
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News Summary for August 9, 2011
Tuesday, August 9, 2011 - 6:47am | 620This is your Benzinga news summary and traders' outlook for Tuesday, August 9, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are set for another volatile morning as traders wait for the Federal Reserve's...
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A Peek Into The Market Before The Trading Starts
Tuesday, August 9, 2011 - 6:33am | 385Pre-open movers US stock futures are higher this morning, as investors are awaiting the Federal Reserve's statement on monetary policy. Futures for the Dow Jones Industrial Average surged 95 points to 10,821.00 and S&P 500 index futures rose 13.00 points to 1,124.30. Nasdaq 100 futures gained...
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UPDATE: Dish Network Reports 30% Surge In Q2 Profit
Tuesday, August 9, 2011 - 5:29am | 75Dish Network Corp (NASDAQ: DISH) reported a 30% rise in its second-quarter profit. Dish Network's quarterly profit surged to $335 million, or $0.75 per share, from $257 million, or $0.57 per share, in the year-ago period. Its revenue climbed 13% to $3.59 billion. However, analysts were expecting...
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US Stock Futures Mixed; All Eyes On Fed Statement
Tuesday, August 9, 2011 - 4:19am | 531US stock futures are mixed this morning, as investors are awaiting the Federal Reserve's statement on monetary policy. Futures for the Dow Jones Industrial Average dipped 13 points to 10,713.00 and S&P 500 index futures rose 0.50 points to 1,111.80. Nasdaq 100 futures gained 2.50 points to 2,...
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Earnings Scheduled For August 9
Tuesday, August 9, 2011 - 3:10am | 456AOL Inc (NYSE: AOL) is projected to report its Q2 earnings at $0.04 per share on revenue of $530.37 million. Beazer Homes USA Inc (NYSE: BZH) is estimated to post a FQ3 loss at $0.42 per share on revenue of $231.80 million. Walt Disney Company (The) (NYSE: DIS) is projected to report its FQ3 EPS...
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Stocks To Watch For August 9
Tuesday, August 9, 2011 - 1:54am | 276Some of the stocks that may grab investor focus today are: Wall Street expects Walt Disney Company (The) (NYSE: DIS) to report its FQ3 EPS at $0.73 on revenue of $10.45 billion. DIS shares fell 0.48% to $32.87 in after-hours trading. Take-Two Interactive Software Inc (NASDAQ: TTWO) reported a FQ1...
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Fed Watch 08-08-2011
Monday, August 8, 2011 - 6:14pm | 979Cusick Corner All eyes will be on the Fed tomorrow, their language will be scrutinized and traders will be on edge. I got a question about what may be a signal that the equities may be potentially firming up and potentially bounce - look at commodities like Copper, JJC, Lumber, LBU11, and Cotton,...
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Nexstar Broadcasting Enters into Definitive Agreement to Acquire Evansville ABC Affiliate WEHT-TV for $18.5 Million in Accretive Transaction
Monday, August 8, 2011 - 3:16pm | 174Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) announced today that it entered into a definitive agreement to acquire the assets of WEHT-TV, the ABC affiliate serving the Evansville, Indiana market from Gilmore Broadcasting Corporation for $18.5 million plus any working capital adjustments...
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Options Brief: Virgin Media
Monday, August 8, 2011 - 9:17am | 69Shares of Virgin Media (NASDAQ: VMED) are lower on the session by 5.29%, trading at $22.36. Overall call volume is now running at 3.81x the daily average, with 0% of all calls traded being purchases on the offer. 16,000 contracts have traded on the session so far. Virgin Media Inc. is engaged in...
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UPDATE: Wunderlich Lowers PT on Cablevision Systems to $32
Monday, August 8, 2011 - 8:19am | 85Wunderlich is out with its report today on Cablevision Systems (NYSE: CVC), to $32 from $44. In its report, Wunderlich writes, "We remain generally upbeat on Buy-rated Cablevision Systems moving into tomorrow's transitional earnings. We have not published on CVC since the Rainbow spin on June 30;...
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BMC Reiterates Buy on DISH Network, Reduces PT to $38
Monday, August 8, 2011 - 7:41am | 42BMC reiterated its Buy rating on DISH Network (NASDAQ: DISH). At the same time, the rating agency reduced its price target on the company's stock from $41 to $38. On Friday, DISH closed the day at $25.12.
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Brean Murray Lowers PT On DISH Network To $38
Monday, August 8, 2011 - 6:56am | 29Brean Murray Carret & Company has lowered the price target on DISH Network (NASDAQ: DISH) from $41 to $38 and maintains its Buy rating.