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Earnings Roundup
Tuesday, July 26, 2011 - 9:32am | 1635Lockheed Martin Corp (NYSE: LMT) reported a 10% decline in its Q2 profit. Lockheed Martin's quarterly net earnings dropped to $742 million, or $2.14 per share, from $824 million, or $2.22 per share, in the year-earlier quarter. Its net sales increased to $11.55 billion from $11.28 billion....
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J.P. Morgan Reiterates Overweight on Broadcom
Tuesday, July 26, 2011 - 9:23am | 152J.P. Morgan is out with its report today on Broadcom (NASDAQ: BRCM), reiterating Overweight. In a note to clients, J.P. Morgan writes, "After weathering a soft 1H, Broadcom is back on solid ground, and we believe that all the elements for outsize growth remain for Broadcom in the form of multiple...
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J.P. Morgan Reiterates Overweight Rating On Texas Instruments
Tuesday, July 26, 2011 - 9:10am | 72According to J.P. Morgan, Texas Instruments (NYSE: TXN) Overweight rating is reiterated. J.P. Morgan said that TI reported 2Q11 results above consensus due to strength from embedded processing products (17% of 2Q11 sales) but lowered guidance for 3Q11 due to weaker than expected demand. “We are...
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Collins Stewart Reiterates Buy and PT of $33 on Volterra Semiconductors
Tuesday, July 26, 2011 - 9:00am | 56Collins Stewart reiterated its Buy rating on Volterra Semiconductors (NASDAQ: VLTR). At the same time, the rating agency left its price target on the company's stock unchanged at $33. On Monday, VLTR closed the day at $22.99. Its shares added 8.74% to their value in today's pre-market trading to...
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Citi Revises EPS Estimates For Broadcom
Tuesday, July 26, 2011 - 8:46am | 62According to Citi, Broadcom Corporation (NASDAQ: BRCM),EPS estimates are revised. Citi reported a decrease in FY11 EPS estimates for Broadcom from $1.89 to $1.86. Additionally, Citi is reporting an increase in EPS estimates for FY12 from $2.34 to $2.43 and FY13 from $2.49 to $2.50. Rating is set...
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Pre-Market Winners and Losers
Tuesday, July 26, 2011 - 8:42am | 202Winners: RadioShack (NYSE: RSH) is up almost 19% after the company announced an agreement to provide Verizon Wireless (NYSE: VZ) products in its stores. Broadcom (NASDAQ: BRCM) is up over 8% after reporting earnings. Ceva (NASDAQ: CEVA) is up over 7% after reporting earnings. Hexcel Corp (NYSE...
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UPDATE: Stifel Nicolaus Raising Price Target On Broadcom
Tuesday, July 26, 2011 - 8:39am | 116Stifel Nicolaus is out with a research report on Broadcom (NASDAQ: BRCM) after it reported earnings yesterday. It has a Buy rating and is raising its price target to $50 from $43. In a note to clients, Stifel Nicolaus writes, "In our view Broadcom is on the verge of a strong new product cycle...
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Last Night's Noteables, Morning Headlines July 26
Tuesday, July 26, 2011 - 8:36am | 288AM Headlines: FBR on (TXN): As mentioned earlier, tgt lowered to $36 from $39. (BIDU) $169.80 pre market high Baidu.com target raised to $175 at Brean Murray Jefferies on (BIDU): The firm reiterates a Buy rating onthe stock with a $200 price target Baidu price target raised to $217 from $181...
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SRS Labs Partners with AmTRAN to
Tuesday, July 26, 2011 - 8:13am | 147SRS Labs, Inc. (NASDAQ: SRSL) today announced that it has entered into a partnership with AmTRAN, a leading global manufacturer of flat-panel displays, to feature SRS StudioSound HD™, the industry's most advanced all-in-one audio enhancement solution suite, in JVC branded flat-panel TVs throughout...
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News Summary for July 26, 2011
Tuesday, July 26, 2011 - 7:59am | 562This is your Benzinga news summary and traders' outlook for Tuesday, July 26, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher after strong earnings from several blue-chip companies. The U.S....
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Jefferies Raises PT On Broadcom To $46
Tuesday, July 26, 2011 - 7:58am | 26Jefferies & Company has raised the price target on Broadcom (NASDAQ: BRCM) from $41 to $46 and maintains its Buy rating.
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Jefferies Maintains Buy on Texas Instruments
Tuesday, July 26, 2011 - 7:57am | 107Jefferies is out with its report today on Texas Instruments (NYSE: TXN), maintaining Buy. In a note to clients, Jefferies writes, "After posting a slight beat to its lowered 2Q11 expectations, TXN guided 3Q11 revenue and EPS below consensus by 2% and 6%, respectively, consistent with our downward...
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Morgan Stanley Provides Color on Cree
Tuesday, July 26, 2011 - 7:56am | 135Morgan Stanley provided color on Cree (NASDAQ: CREE). In a research report published today, Morgan Stanley commented on the company's Q2 results. In the report, Morgan Stanley states, “Cree is scheduled to report F2011 results Tuesday August 9th. The stock is down 50% YTD and a lot of bad news...
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Oppenheimer Reiterates Perform on Volterra Semiconductor
Tuesday, July 26, 2011 - 7:51am | 47Oppenheimer reiterated its Perform rating on Volterra Semiconductor (NASDAQ: VLTR). At the moment, the rating agency does not have a price target set on the company's stock. On Monday, VLTR lost 2.67% of its value to finish the day at $22.99.
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Benzinga's Top Pre-Market Losers
Tuesday, July 26, 2011 - 7:48am | 100Netflix Inc (NASDAQ: NFLX) dipped 8.36% to $258.00 in the pre-market session. NFLX reported downbeat Q2 revenue and issued weak projections. Regions Financial Corporation (NYSE: RF) lost 2.25% to $6.07 in the pre-market session. RF swung to a second-quarter profit. NVIDIA Corporation (NASDAQ:...