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J.P. Morgan Reports Solid F3Q On Dolby
Friday, August 5, 2011 - 6:48am | 95According to J.P. Morgan, Dolby Laboratories (NYSE: DLB) beat 3Q expectations, and raised FY11 guidance, however, management announced that Dolby Digital was designed out of the latest Windows 8 specification. J.P. Morgan said that DLB beat F3Q expectation, reporting PF EPS of $0.65 on revenue of...
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Benzinga's Top Downgrades
Friday, August 5, 2011 - 6:45am | 125Pacific Biosciences of California Inc (NASDAQ: PACB) was downgraded by JP Morgan from "overweight" to "neutral." PACB's shares closed at $9.90 yesterday. PACB's trailing-twelve-month operating margin is -10,359.33%. Collins Stewart downgraded Dolby Laboratories (NYSE: DLB) from “buy” to “neutral...
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Piper Jaffray Lowers PT on Rofin-Sinar To $43
Friday, August 5, 2011 - 5:51am | 26Piper Jaffray has lowered the price target on Rofin-Sinar (NASDAQ: RSTI) from $46 to $43 and maintains its Overweight rating.
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Piper Jaffray Lowers PT on Dolby Laboratories To $43
Friday, August 5, 2011 - 5:39am | 27Piper Jaffray has lowered the price target on Dolby Laboratories (NYSE: DLB) from $58 to $43 and maintains its Overweight rating.
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JP Morgan Lowers PT on Dolby Laboratories To $44.50
Friday, August 5, 2011 - 5:26am | 27JP Morgan has lowered the price target on Dolby Laboratories (NYSE: DLB) from $55 to $44.50 and maintains its Overweight rating.
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Hitachi America Announces the Appointment of Kensuke Oka as New President and CEO
Thursday, August 4, 2011 - 9:11pm | 69Hitachi America (NYSE: HIT) today announced the appointment of Mr. Kensuke Oka as President and CEO. Mr. Oka, who currently serves as General Manager, Intellectual Property Group, Hitachi, succeeds Chiaki Fujiwara, who has been appointed Deputy General Manager of Sales & Marketing Division and...
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Dolby Laboratories Announces Additional $250M for Stock Repurchase Program
Thursday, August 4, 2011 - 3:30pm | 62Dolby Laboratories, Inc. (NYSE: DLB) today announced that its Board of Directors has approved an additional $250 million for its stock repurchase program, bringing the approximate amount available for future repurchases of Dolby's Class A Common Stock to $392.5 million. The objective of the ongoing...
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OSI Systems Receives Notice of Award for $4M Service and Maintenance Contract with Major Asian Airport
Thursday, August 4, 2011 - 7:19am | 50OSI Systems, Inc. (NASDAQ: OSIS) today announced that its Security division, Rapiscan Systems, has received a notice of award for approximately $4 million from a major Asian international airport for the service and maintenance of its checkpoint screening and hold baggage inspection systems.
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New 52 Week High List Shrinks To New Lows
Wednesday, August 3, 2011 - 9:41am | 165This morning, there are less and less new 52 week highs on the New York Stock Exchange. When the new 52 week high list shrinks it tells us that the major stock indexes are coming under institutional selling pressure. The stocks that are making new 52 week highs include Clean Harbors Inc.(NYSE: CLH...
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JP Morgan Comments on Strategy at National Instruments
Wednesday, August 3, 2011 - 6:35am | 105J.P. Morgan has published a report on National Instruments (NASDAQ: NATI) covering long term strategy at the company. In the report, J.P. Morgan wrote, "NI hinted at raising its long-term operating margin target of 18%, but elected to defer, due to the tenuous macro environment. The new product...
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J.P. Morgan Comments on Strategy at National Instruments
Wednesday, August 3, 2011 - 6:35am | 105J.P. Morgan has published a report on National Instruments (NASDAQ: NATI) covering long term strategy at the company. In the report, J.P. Morgan wrote, "NI hinted at raising its long-term operating margin target of 18%, but elected to defer, due to the tenuous macro environment. The new product...
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Stocks to Watch for Wednesday 8/03/2011: Fresh 52 Week Highs and Lows
Wednesday, August 3, 2011 - 12:05am | 5002Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...
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Magal Raises $16 Million in a Successful Rights Offering
Tuesday, August 2, 2011 - 8:09am | 128Magal Security Systems, Ltd. (NASDAQ: MAGS) today announced that it has successfully raised $16 million in a rights offering to its shareholders. Taking into account the over subscription rights, there was demand for 133% of the offered shares. Eitan Livneh, President and CEO of Magal S3,...
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JP Morgan Reiterates Neutral and PT of $34.50 on DTS
Tuesday, August 2, 2011 - 7:48am | 42JP Morgan reiterated its Neutral rating on DTS (NASDAQ: DTSI). At the same time, the rating agency left its price target on the company's stock unchanged at $34.50. On Monday, DTSI closed the day at $33.62.
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Itron Awarded Major Water Meter Contract in Delhi, India
Tuesday, August 2, 2011 - 7:46am | 223Itron, Inc. (NASDAQ: ITRI) announced today that it has been selected by Larsen & Toubro, the largest construction company in India, to supply residential water meters as part of an infrastructure upgrade project in Delhi. Over the course of the 18-month project, Itron will provide 250,000 water...