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Goldman Sachs Reiterates Sell on Itron
Friday, May 27, 2011 - 7:04am | 219Goldman Sachs reiterated its Sell rating on Itron (NASDAQ: ITRI). The company is having a rough time and it has started a restructuring plan. Goldman does not seem to be persuaded that the company's plan will produce immediate results, however. In a research report published today, Goldman states...
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Piper Jaffray Overweight On IPG Photonics
Friday, May 27, 2011 - 6:30am | 157Piper Jaffray has an Overweight rating and a $83 price target on shares of IPG Photonics (NASDAQ: IPGP). In a note to clients, Piper Jaffray writes, "Industry consultants at LASER World of Photonics in Munich, Germany predicted the global laser system market would reach €6.5B or ~$9.1B in 2011....
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A Peek Into The Market Before The Trading Starts
Friday, May 27, 2011 - 6:25am | 421Pre-open movers US stock futures are flat this morning, as investors are awaiting housing and consumer-sentiment data. Futures on the Dow Jones Industrial Average dropped 10 points to 12,399.00 and futures on the S&P 500 stock index rose 0.20 point to 1,326.70. Nasdaq 100 futures dropped 0.25...
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DRI Corporation Announces Mobitec Order in Eastern Europe Valued at $850K
Thursday, May 26, 2011 - 8:09am | 55DRI Corporation (NASDAQ: TBUS) announced today that the Company's Mobitec AB subsidiary in Herrljunga, Sweden, has received an order for Mobitec® electronic information display systems from an original equipment manufacturer on behalf of a large transit operator in Eastern Europe. The order is...
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Earnings Scheduled For May 26
Wednesday, May 25, 2011 - 11:45pm | 491Big Lots Inc (NYSE: BIG) is projected to report its Q1 earnings at $0.69 per share on revenue of $1.23 billion. Fred's Inc (NASDAQ: FRED) is expected to post its Q1 EPS at $0.24 on revenue of $485.05 million. Tiffany & Co (NYSE: TIF) is projected to report its Q1 EPS at $0.57 on revenue of $...
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Wireless Ronin Announces $1.8M Purchase Order for RoninCast for Automotive
Wednesday, May 25, 2011 - 9:40am | 67Wireless Ronin Technologies, Inc. (Nasdaq: RNIN) announced on May 24, 2011, the Company received a purchase order for RoninCast® for automotive valued at $1.8 million from an existing automobile customer. Of the $1.8 million, approximately $1.0 million relates to hardware and $0.8 million is for...
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Benzinga's Top Pre-Market NASDAQ Gainers
Wednesday, May 25, 2011 - 7:10am | 151California Pizza Kitchen Inc (NASDAQ: CPKI) shares advanced 12.51% to $18.80 in the pre-market session. CPKI agreed to sell itself to Golden Gate Capital for about $470 million. VIVUS Inc (NASDAQ: VVUS) shares advanced 4.29% to $8.75 in the pre-market session. VVUS announced positive results from...
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RAE Systems Announces Amended Merger Agreement With Vector Capital Increasing Price to $2.25 per Share
Wednesday, May 25, 2011 - 6:05am | 147RAE Systems Inc. (NYSE: RAE) today announced that it has entered into a further amendment to its merger agreement with an affiliate of Vector Capital under which the acquirer has increased the price per share to be paid to our unaffiliated stockholders to $2.25 per share. The termination fee...
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Gabelli Maintains Buy on Unversal Display
Tuesday, May 24, 2011 - 8:27am | 117Gabelli is out with its report today on Universal Display (NASDAQ: PANL), maintaining Buy. In a note to clients, Gabelli writes, "We attended the 2011 Display Conference in Los Angeles (the largest display industry event in North America) on May 17, 2011. The conference featured exhibitions and...
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J.P. Morgan Provides Color on National Instruments, Overweight
Tuesday, May 24, 2011 - 8:14am | 139J.P. Morgan provided color on National Instruments (NASDAQ: NATI), following the company's announcement of two acquisitions. In a research report published today, J.P. Morgan states, "NI announces two acquisitions, one in hardware, and the other in design software. Phase Matrix is primarily an...
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Digital Ally Announces Commitment for $1.5 Million Credit Facility
Tuesday, May 24, 2011 - 6:29am | 82Digital Ally, Inc. (NASDAQ: DGLY) today announced that it has received a commitment for a one-year $1.5 million unsecured credit facility from a third-party lender. Funding of the credit facility is expected to occur on or before June 3, 2011. Borrowings under the facility will bear interest at...
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National Instruments to Acquire AWR Corporation for $58M
Monday, May 23, 2011 - 7:36am | 193National Instruments (Nasdaq: NATI) today announced that it has signed a definitive merger agreement under which NI will acquire AWR Corporation. Upon the closing of the transaction, AWR will continue to operate as a wholly owned NI subsidiary under the leadership of the existing management team...
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National Instruments Acquires Phase Matrix fo $38M
Monday, May 23, 2011 - 7:34am | 114National Instruments (Nasdaq: NATI) today announced its acquisition of Phase Matrix. The acquisition brings key RF talent, technologies and manufacturing capabilities to NI and will significantly increase the capability of NI products in high-frequency RF and microwave applications, extending the...
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OSI Systems Receives $1.6M Contract for Patient Monitoring & Connectivity Solutions
Monday, May 23, 2011 - 7:01am | 105OSI Systems (NASDAQ: OSIS) today announced that its Healthcare division, Spacelabs Healthcare, has received a $1.6 million contract from a South Carolina hospital. Under terms of the contract, Spacelabs Healthcare will provide its Ultraview SL2800 and the recently launched XPREZZON™ line of patient...
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Digital Ally Receives DVM-500 Plus Order From State Police Under New Statewide Contract With Kentucky
Monday, May 23, 2011 - 6:27am | 94Digital Ally (NASDAQ: DGLY) today announced that it has been awarded a statewide contract by the State of Kentucky. The one-year contract includes an option for renewal in four one-year increments by mutual agreement. The contract allows for all state, county and municipal law enforcement...