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Dolby Laboratories Down 9.4% On Lowered Guidance (DLB)
Friday, February 4, 2011 - 12:28pm | 248Shares of San Francisco, California-based Dolby Laboratories Inc. (NYSE: DLB) are currently down 9.4% at $55.78 per share during Friday afternoon trading. Today's trading range for shares of Dolby Laboratories Inc has been between $54.10 and $57.60 per share. The consensus price target of analysts...
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Options Brief: Itron, Inc. (ITRI)
Friday, February 4, 2011 - 10:58am | 96Shares of Itron, Inc. (NASDAQ: ITRI) are higher on the session by 5.64%, trading at $62.15. Overall call volume is now running at 3.94x the daily average, with 59% of all calls traded being purchases on the offer. 1,583 contracts have traded on the session so far. Itron, Inc. provides a portfolio...
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Superconductor Technologies Announces $13.3M Direct Offering
Friday, February 4, 2011 - 10:49am | 50Superconductor Technologies Inc. (Nasdaq: SCON) announced that certain U.S.-based investors have agreed to invest $13.3 million in cash to purchase 5,443,000 million shares of STI Common Stock. STI expects to use the approximately $12.4 million in net proceeds for general working capital purposes.
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Piper Jaffray Lowers Itron PT To $65, Maintains Neutral Rating (ITRI)
Friday, February 4, 2011 - 9:41am | 139Piper Jaffray lowered its Itron (NASDAQ: ITRI) price target to $65 from $71 and maintained its Neutral rating in a research report published today. In the report, Piper Jaffray states, "We are lifting our FY11 estimates, while at the same time moving our FY12 estimates lower, to better reflect the...
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Piper Jaffray Reiterates Overweight Rating on Dolby Laboratories (DLB)
Friday, February 4, 2011 - 9:29am | 137Piper Jaffray is out with a research report this morning, where it reiterates its Overweight rating on Dolby Laboratories (NYSE: DLB); it has a $75.00 price target on the stock. The Jefferies analysts cited the company's recent earnings report, which beat the Street, driven by higher than expected...
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Piper Jaffray Lowers PT On Itron To $65
Friday, February 4, 2011 - 8:50am | 27Piper Jaffray has lowered the price target on Itron, Inc. (NASDAQ: ITRI) from $71 to $65 and maintains its Neutral rating.
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Piper Jaffray Downgrading Comverge (COMV)
Friday, February 4, 2011 - 7:12am | 138Piper Jaffray is downgrading shares of Comverge, Inc. (NASDAQ: COMV) to Neutral, and is taking down its price target to $7 from $10. In a note to clients, Piper Jaffray writes, "We are lowering our rating on COMV shares to Neutral and lowering our price target to $7 as we are concerned that...
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Piper Jaffray Downgrades Comverge To Neutral, PT To $7
Friday, February 4, 2011 - 6:54am | 28Piper Jaffray has downgraded Comverge, Inc. (NASDAQ: COMV) from Overweight to Neutral and has lowered the price target from $10 to $7.
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Noble Financial Downgrades RSTI To Hold
Friday, February 4, 2011 - 6:02am | 40Analysts at Noble Financial downgrade Rofin-Sinar Technologies (NASDAQ: RSTI) from “buy” to “hold.” RSTI shares fell 1.83% to close at $39.75 yesterday. More Analyst Ratings here
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Soaring EPS Takes MTS Systems Ahead - Analyst Blog
Thursday, February 3, 2011 - 7:31pm | 727MTS Systems Corp. (MTSC) reported that first quarter EPS soared 273.9% from last year to 86 cents, which also significantly surpassed the Zacks Consensus Estimate of 46 cents. Management said that the strength in areas of Test ground and Sensors Europe experienced in the latter part of fiscal...
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Soaring EPS Takes MTS Systems Ahead - Analyst Blog
Thursday, February 3, 2011 - 7:05pm | 727MTS Systems Corp. (MTSC) reported that first quarter EPS soared 273.9% from last year to 86 cents, which also significantly surpassed the Zacks Consensus Estimate of 46 cents. Management said that the strength in areas of Test ground and Sensors Europe experienced in the latter part of fiscal...
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L-1 Identity Solutions Stockholders Approve the $12 per Share Merger with Safran SA
Thursday, February 3, 2011 - 5:03pm | 82L-1 Identity Solutions, Inc. (NYSE: ID) today announced that its stockholders have approved the previously announced merger transaction with Safran SA. The L-1 shareholder approval of the transaction was one of the conditions to completing the Safran merger. Under the terms of the Merger Agreement...
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Dolby Laboratories Reports Q1 EPS of $.75 vs. $.64
Thursday, February 3, 2011 - 4:16pm | 134Dolby Laboratories, Inc. (NYSE: DLB) today announced the Company's financial results for its first quarter of fiscal 2011. For the first quarter, Dolby reported total revenue of $242.7 million, compared to $221.2 million for the first quarter of fiscal 2010. First quarter GAAP net income was $86....
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Gordon B. Hunter Joins CTS Board
Thursday, February 3, 2011 - 2:08pm | 70CTS Corporation (NYSE: CTS) announced that effective today Gordon B. Hunter has been elected to its Board of Directors. Mr. Hunter is the Chairman, President and Chief Executive Officer of Littelfuse, Inc. (NASDAQ: LFUS) and currently sits on the Board of Veeco Instruments Inc. (NASDAQ: VECO).
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OSI Systems Receives $2 Million in Orders for Electronic Sub-Assemblies
Thursday, February 3, 2011 - 8:22am | 86OSI Systems, Inc. (NASDAQ: OSIS) today announced that OSI Electronics, a business within its Optoelectronic and Manufacturing division, has engaged with a leading renewable energy organization and received orders in excess of $2 million to supply electronic sub-assemblies. OSI Electronics will...