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Goldman Sachs Previews Jabil Circuit's Earnings (JCI)
Monday, October 18, 2010 - 6:14am | 98Goldman Sachs previews Jabil Circuit, Inc.'s (NYSE: JBL) earnings. It has a $17.50 price target, and is on America's Buy List. In a research report, Goldman Sachs states, "We continue to think that margin performance is likely to be the biggest driver of EMS stocks in the intermediate to long-term...
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Citigroup Expects Amphenol And Avnet To Beat EPS Expectations
Friday, October 15, 2010 - 7:04am | 135In Citigroup's 2010 Supply Chain Playbook and 3Q Preview, the company said that it does not expect any of the listed companies – which includes Tyco Electronics Ltd. (NYSE: TEL) and Flextronics International Ltd. (NASDAQ: FLEX) – to miss their EPS expectations. Citigroup does, however, expect two...
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Jabil Circuit Inc. Chairman Sells 19,200 Shares of JBL
Wednesday, October 13, 2010 - 3:19pm | 57In a Form 4 filed earlier today, Jabil Circuit Inc. (NYSE: JBL) Chairman of the Board, William Morean, reported that he sold 19,200 shares of JBL on October 11th for an average price of $14.61. The transaction totaled $280,481. Mr. Morean owns 3,823,133 direct shares and 11,318,449 indirect shares...
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Price Target Changes On ULCM, SMOD, JAKK
Wednesday, October 13, 2010 - 8:56am | 54Wedbush reiterates its ratings on the following companies: Ulticom (NASDAQ: ULCM) Neutral, price target lowered from $8.50 to $8.07 Smart Modular Tech (NASDAQ: SMOD) Outperform, price target raised from $8.50 to $9.50 JAKKS Pacific (NASDAQ: JAKK) Outperform, price target raised from $20 to $24
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SMTC Announces Manufacturing Partnership with Vocera Communications
Tuesday, October 12, 2010 - 11:01am | 92SMTC Corporation (Nasdaq: SMTX) announced today the commencement of a manufacturing relationship with Vocera Communications, Inc. Vocera is a leading provider of hands-free, wearable, voice-controlled communication badges, smartphones, and other wireless devices. The Vocera wireless communication...
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Benzinga's Top Pre-Market NASDAQ Gainers (HRBN, RVSN, EXEL, SMTX)
Monday, October 11, 2010 - 7:55am | 178Harbin Electric Inc (NASDAQ: HRBN) rose 24.05% to $24.76 in the pre-market session. HRBN has received a proposal letter from its Chairman and CEO Tianfu Yang and Baring Private Equity Asia Group Ltd to acquire all the outstanding shares of the company for $24 per share. RADVision Ltd (NASDAQ: RVSN...
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Trimble Acquires Terralite Assets From Novariant
Friday, October 8, 2010 - 2:26pm | 117Trimble (Nasdaq: TRMB) announced today it has acquired the Terralite assets from Novariant to expand its portfolio of positioning solutions. Financial terms were not disclosed. The Terralite XPS technology is a scalable infrastructure that generates signals for real-time positioning to augment...
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Buy Rating Reiterated For Plexus Corp.
Tuesday, October 5, 2010 - 9:50am | 27Longbow has reiterated its Buy rating for Plexus Corporation (NASDAQ: PLXS) and has lowered the price target fro $46 to $38.
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Reiterated Coverage For SMOD, KNXA
Friday, October 1, 2010 - 9:26am | 44Oppenheimer reiterates its ratings for the following companies: Smart Modular Tech (NASDAQ: SMOD) Perform, price target lowered from $9 to $8 Kenexa (NASDAQ: KNXA) Outperform, price target raised from $17 to $21
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Tyco Electronics' Board Approves a $750 Million Increase in Share Repurchase
Friday, October 1, 2010 - 8:02am | 81Tyco Electronics (NYSE: TEL) today announced that its Board of Directors has authorized an increase in the company's share repurchase program of $750 million. Any repurchases by the company will be made in accordance with applicable securities laws in the open market or in private transactions....
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Needham Upgrades PLXS To Strong Buy
Friday, October 1, 2010 - 5:34am | 50Analysts at Needham upgrade Plexus Corp (NASDAQ: PLXS) from "buy" to "strong buy." The target price for PLXS has been reduced from $44 to $38. PLXS shares lost 0.17% to close at $29.35 yesterday. More Analyst Ratings here
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SMART Modular Technologies Beats on Top and Bottom Line (SMOD)
Thursday, September 30, 2010 - 3:27pm | 141SMART Modular Technologies Inc. (NASDAQ: SMOD) reports Q3 earnings of $0.29 versus consensus of $0.23. SMART Modular Technologies Inc. reports revenues of $218.7 million versus consensus of $205.07 million. For the first quarter of fiscal 2011, SMART expects net sales will be in the range of $210...
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SMART Modular Technologies Reports Fourth Quarter and Year 2010 Results
Thursday, September 30, 2010 - 3:11pm | 82SMART Modular Technologies (NASDAQ: SMOD) today reported financial results for the fourth quarter and fiscal year ended August 27, 2010. Fourth Quarter Fiscal 2010 Highlights: -- Net sales of $218.7 million -- Gross profit of $49.8 million -- GAAP diluted EPS of $0.26 -- Non-GAAP diluted EPS...
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CTS Incorporates in India (CTS)
Thursday, September 30, 2010 - 7:44am | 138CTS Corporation (NYSE: CTS) today announced that it has formally incorporated as a business in India, further enhancing its capabilities in this fast growing market. The new subsidiary, CTS India Private Limited, located in Haryana, India, near New Delhi, will allow CTS to operate with full...
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Earnings Scheduled For September 30 (MKC, ACN, LWSN, RECN, MSCI, CRAI, BLPFF, UEXCF, CBK, SMOD, DMAN, RHUHF)
Thursday, September 30, 2010 - 3:55am | 246McCormick & Company Inc (NYSE: MKC) is expected to earn $0.59 per share in the fiscal third quarter. Accenture Plc (NYSE: ACN) is estimated to post its FQ4 EPS at $0.63. Lawson (NASDAQ: LWSN) may report its FQ1 profit at $0.09 per share. Resources Connection Inc (NASDAQ: RECN) may report its Q1...