Special Reports

Notable Analyst Rating Changes 02/08: (YUM) (BBVA) (PXP) Upgraded; (OPEN) (MS) (NLY)) Downgraded Feb 8, 2012 10:54AM

UPGRADES
Goldman Sachs lifts Yum! Brands (NYSE: YUM) from Sell to Neutral, its price target moved from $53 to $66. Click Here for more color.

WestLB upgrades Banco Bilbao Vizcaya Argentaria (NYSE: BBVA) from Reduce to Neutral.

Susquehanna raises Plains Exploration (NYSE: PXP) from Neutral to Positive, its price target raised from $39 to $49.

PMorgan boosts Vishay Intertechnology (NYSE: VSH) from Neutral to Overweight, its price target raised from $11 to $15.50.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES
OpenTable (Nasdaq: OPEN) lowered by two today:

• Credit Suisse from Outperform to Neutral, its price target raised from $49 to $52; and
  
  
• Oppenheimer from Outperform to Perform with a price target of $54. Click Here for more color.

Collins Stewart reduces Morgan Stanley (NYSE: MS) from Buy to Hold.

FBR Capital cuts Annaly Capital Management (NYSE: NLY) from Outperform to Market Perform, its price target lowered from $17.50 to $16.

Societe Generale downgrades BP (NYSE: BP) from Buy to Hold.

For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
Morgan Stanley initiates Vitamin Shoppe (NYSE: VSI) with an Equalweight rating.

Pacific Crest starts CEVA Inc. (Nasdaq: CEVA) with a Sector Perform.

Raymond James assumes Costco Wholesale (Nasdaq: COST) at Market Perform.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage

Visit our new Ratings Insider portal to get the most comprehensive and up-to-date analyst coverage on the Street.

Notable Stocks Trading Ex-Dividend Tomorrow 02/09: (TE) (ACC) (SSW) Feb 8, 2012 10:34AM

The following is a list of companies trading ex-dividend February 9th, which produce some of the best yields on the Street:

• TECO Energy (NYSE: TE), paying 22 cents with a current yield of 4.9%;
  
  
• American Campus Communities (NYSE: ACC), paying 33.75 cents with a current yield of 3.1%; and
  
  
• easpan Corp. (NYSE: SSW), paying 18.75 cents with a current yield of 4.7%.

For a complete list of stocks trading ex-dividend, click here. For a comprehensive list of dividends, go to Streetinsider's Dividend Insider.

Morning Movers 02/08: (CALX) (CSC) (AVID) (MITK) Higher; (SGI) (ONE) (OPNT) (CDXS) Lower Feb 8, 2012 10:31AM

Calix Networks (NYSE: CALX) 32.6% HIGHER; reported Q4 EPS of $0.08, $0.01 better than the analyst estimate of $0.07. Revenue for the quarter came in at $91.6 million versus the consensus estimate of $89.73 million.

Computer Sciences Corp. (NYSE: CSC) 23.8% HIGHER; reported Q3 EPS of $1.35, $0.77 better than the analyst estimate of $0.58. Revenue for the quarter came in at $3.76 billion versus the consensus estimate of $3.98 billion.

Silicon Graphics (NASDAQ: SGI) 22.3% LOWER; reported Q2 EPS of $0.04, $0.21 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $195.2 million versus the consensus estimate of $197.05 million. Sees FY2012 EPS of $0.15-$0.30, versus the consensus of $0.67. Sees FY2012 revenue of $770-$800 million, versus the consensus of $756.29 million.

Avid Technology, Inc. (NASDAQ: AVID) 21.5% HIGHER; reported Q4 EPS of $0.38, $0.22 better than the analyst estimate of $0.16. Revenue for the quarter came in at $185.3 million versus the consensus estimate of $176.97 million.

Mitek Systems (NASDAQ: MITK) 17.6% HIGHER; reported Q1 EPS of $0.02, $0.01 better than the analyst estimate of $0.01. Revenue for the quarter came in at $3.5 million versus the consensus estimate of $3.5 million.

Higher One Holdings (NYSE: ONE) 17% LOWER; reported Q4 EPS of $0.21, in-line with the analyst estimate of $0.21. Revenue for the quarter came in at $46.46 million versus the consensus estimate of $51.43 million. Sees Q1 2012 EPS of $0.27-$0.30, versus the consensus of $0.30. Sees Q1 2012 revenue of $58-$62 million, versus the consensus of $65.64 million. Sees FY2012 revenue of $215-$230 million, versus the consensus of $234.17 million. The stock was downgraded at Raymond James.

Opnet Technologies, Inc. (NASDAQ: OPNT) 14.7% LOWER; reported Q3 EPS of $0.26, $0.03 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $46 million versus the consensus estimate of $46.38 million. Sees FY2012 revenue of $173-$177 million, versus the consensus of $176.68 million.

Guidance Software, Inc. (NASDAQ: GUID) 14% HIGHER; reported Q4 EPS of $0.16, $0.07 better than the analyst estimate of $0.09. Revenue for the quarter came in at $29.9 million versus the consensus estimate of $28.31 million. Sees FY2012 EPS of $0.35-$0.42, versus the consensus of $0.29. Sees FY2012 revenue of $126-$131 million, versus the consensus of $113.28 million.

Buffalo Wild Wings, Inc. (NASDAQ: BWLD) 13.7% HIGHER; reported Q4 EPS of $0.73, $0.06 better than the analyst estimate of $0.67. Revenue for the quarter came in at $220.5 million versus the consensus estimate of $210.25 million.

Codexis, Inc. (NASDAQ: CDXS) 13.6% LOWER; reported Q4 EPS of ($0.15), $0.04 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $33.5 million versus the consensus estimate of $32.11 million.

Cerner Corp (NASDAQ: CERN) 13.3% HIGHER; reported Q4 EPS of $0.55, $0.02 better than the analyst estimate of $0.53. Revenue for the quarter came in at $615.6 million versus the consensus estimate of $586.86 million. Sees Q1 2012 EPS of $0.48-$0.50, versus the consensus of $0.49. Sees Q1 2012 revenue of $565-$585 million, versus the consensus of $565 million.

Level 3 Communications, Inc. (NYSE: LVLT) 13% HIGHER; reported Q4 adjusted loss of $0.62 per share, $0.40 better than the analyst estimate of ($1.02). Revenue for the quarter came in at $1.58 billion versus the consensus estimate of $1.64 billion.

Ralph Lauren Corp (NYSE: RL) 12.2% HIGHER; reported Q3 EPS of $1.78, $0.11 better than the analyst estimate of $1.67. Revenue for the quarter came in at $1.81 billion versus the consensus estimate of $1.75 billion. Sees FY12 sales up about 20 percent, up from prior guidance of high-teens-low 20% growth range.

Teekay Tankers Ltd. (NYSE: TNK) 11.9% LOWER; announced today that it has priced its follow-on public offering of 15,000,000 shares of Class A common stock at $4.00 per share.

Apollo Investment Corporation (NASDAQ: AINV) 11.7% LOWER; reported Q4 EPS of $0.20, $0.02 worse than the analyst estimate of $0.22.

BroadVision (Nasdaq: BVSN) 11% HIGHER; continuing an extremely volatile run which has spanned almost a month. After jumping about 67 percent from Jan. 31st to Feb. 6th, the stock plunged about 17 percent yesterday. Shares are back over a technical level at $35 today.

Rambus (Nasdaq: RMBS) 10.3% HIGHER; Rambus and NVIDIA (Nasdaq: NVDA) sign patent license agreement, settle all claims

Smith Micro (Nasdaq: SMSI) 10% HIGHER; shares up nearly 50 percent since breaking above the 200-day smooth moving average. Shares have pushed over the $2.50 level today.

Pre-Open Movers 2/8: (GUID) (AVID) (BWLD) Higher; (SGI) (TNK) (WU) Lower (more...) Feb 8, 2012 09:28AM

Below are stocks making major moves in pre-open action Wednesday.

HIGHER:
Guidance Software, Inc. (NASDAQ: GUID) 16% HIGHER; tops Q4 views, guides above the Street
Avid Technology, Inc. (NASDAQ: AVID) 15% HIGHER; tops Q4 results
Buffalo Wild Wings, Inc. (NASDAQ: BWLD) 15% HIGHER; tops Q4 results
Synchronoss Technologies, Inc. (NASDAQ: SNCR) 13% LOWER; tops Q4 views, guides above the Street
Rambus (NASDAQ: RMBS) 10% HIGHER; RMBS and NVIDIA (NVDA) Announce Patent License Agreement, Settle All Claims
Calix Networks (NYSE: CALX) 10% HIGHER; tops Q4 views
Mitek Systems (NASDAQ: MITK) 8% HIGHER; tops Q4 views
Glu Mobile, Inc. (NASDAQ: GLUU) 8% HIGHER; tops Q4 views
Discovery Laboratories, Inc. (NASDAQ: DSCO) 6% HIGHER; Enters into AFECTAIR Manufacturing Agreement
Cerner Corp (NASDAQ: CERN) 5% HIGHER; tops Q4 views, guides above the Street
Valueclick, Inc. (NASDAQ: VCLK) 3% HIGHER; tops Q4 views
Agrium Inc. (NYSE: AGU) 3% HIGHER; tops Q4 views
OCZ Technology (NYSE: OCZ) 2% HIGHER; prices up-sized offering

LOWER:
Silicon Graphics (NASDAQ: SGI) 21% LOWER; misses Q2
NeuroMetrix, Inc. (NASDAQ: NURO) 15% LOWER; stokc offering
Teekay Tankers Ltd. (NYSE: TNK) 13% LOWER; stock offering
Cardica, Inc. (Nasdaq: CRDC) 8% LOWER; stock offering
Western Union (NYSE: WU) 7% LOWER; Q4 results
Rick's Cabaret (NASDAQ: RICK) 6% LOWER; Misses Q1 EPS by 1c
NETGEAR, Inc. (NASDAQ: NTGR) 5% LOWER; Q4 results
Opnet Technologies, Inc. (NASDAQ: OPNT) 5% LOWER; misses Q3
Rentrak Corp (NASDAQ: RENT) 3% LOWER; Q3 results
Open Table, Inc. (NASDAQ: OPEN) 3% HIGHER; Q4 results, Q1 guidance
Panera Bread Co (NASDAQ: PNRA) 2% LOWER; in-line Q4 results
Netflix, Inc. (NASDAQ: NFLX) 2% LOWER; Amazon and Viacom team up

After-Hours Movers 02/07: (AVID) (BWLD) (CALX) (GUID) Higher; (SGI) (TNK) (OPNT) (SNCR) Lower Feb 7, 2012 06:34PM

Silicon Graphics (NASDAQ: SGI) 21% LOWER; reported Q2 EPS of $0.04, $0.21 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $195.2 million versus the consensus estimate of $197.05 million. Sees FY2012 EPS of $0.15-$0.30, versus the consensus of $0.67. Sees FY2012 revenue of $770-$800 million, versus the consensus of $756.29 million.

Avid Technology, Inc. (NASDAQ: AVID) 16.5% HIGHER; reported Q4 EPS of $0.38, $0.22 better than the analyst estimate of $0.16. Revenue for the quarter came in at $185.3 million versus the consensus estimate of $176.97 million.

Buffalo Wild Wings, Inc. (NASDAQ: BWLD) 16% HIGHER; reported Q4 EPS of $0.73, $0.06 better than the analyst estimate of $0.67. Revenue for the quarter came in at $220.5 million versus the consensus estimate of $210.25 million.

Calix Networks (NYSE: CALX) 16% HIGHER; reported Q4 EPS of $0.08, $0.01 better than the analyst estimate of $0.07. Revenue for the quarter came in at $91.6 million versus the consensus estimate of $89.73 million.

Guidance Software, Inc. (NASDAQ: GUID) 15% HIGHER; reported Q4 EPS of $0.16, $0.07 better than the analyst estimate of $0.09. Revenue for the quarter came in at $29.9 million versus the consensus estimate of $28.31 million. Sees FY2012 EPS of $0.35-$0.42, versus the consensus of $0.29. Sees FY2012 revenue of $126-$131 million, versus the consensus of $113.28 million.

Teekay Tankers Ltd. (NYSE: TNK) 9.5% LOWER; plans to offer 15,000,000 shares of Class A common stock of the Company in a public offering. Teekay Tankers expects to grant the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of Class A common stock to cover any over-allotments.

Opnet Technologies, Inc. (NASDAQ: OPNT) 9.1% LOWER; reported Q3 EPS of $0.26, $0.03 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $46 million versus the consensus estimate of $46.38 million. Sees FY2012 revenue of $173-$177 million, versus the consensus of $176.68 million.

Synchronoss Technologies, Inc. (NASDAQ: SNCR) 9% LOWER; reported Q4 non-GAAP EPS of $0.34, $0.11 better than the analyst estimate of $0.23. Revenue for the quarter came in at $62.3 million versus the consensus estimate of $61.55 million. Looking for FY12 non-GAAP EPS of $1.07-$1.11 on sales of $280-$290 million. The Street is currently expecting FY12 EPS of $1.06 on sales of $275.5 million.

Western Union (NYSE: WU) 8.7% LOWER; reported Q4 EPS of $0.40, in-line with the analyst estimate of $0.40. Revenue for the quarter came in at $1.43 billion versus the consensus estimate of $1.44 billion. Western Union sees FY2012 EPS of $1.70-$1.75, versus the consensus of $1.80.

Rentrak Corp (NASDAQ: RENT) 7.8% LOWER; reported Q3 EPS of $0.02, $0.04 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $22.2 million versus the consensus estimate of $22.67 million.

Cardica, Inc. (Nasdaq: CRDC) 7.7% LOWER; today announced that it intends to offer and sell, subject to market and other conditions, shares of its common stock in an underwritten public offering. There can be no assurance as to whether or when the offering may be completed, or as to the size or terms of the offering.

Glu Mobile, Inc. (NASDAQ: GLUU) 6.8% HIGHER; reported Q4 EPS of ($0.02), $0.08 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $15.2 million versus the consensus estimate of $16.92 million. Sees Q1 2012 EPS of $-0.08-$-0.09, versus the consensus of $-0.09.

Mitek Systems (NASDAQ: MITK) 6.8% HIGHER; reported Q1 EPS of $0.02, $0.01 better than the analyst estimate of $0.01. Revenue for the quarter came in at $3.5 million versus the consensus estimate of $3.5 million.

Cerner Corp (NASDAQ: CERN) 5.4% HIGHER; reported Q4 EPS of $0.55, $0.02 better than the analyst estimate of $0.53. Revenue for the quarter came in at $615.6 million versus the consensus estimate of $586.86 million. Sees Q1 2012 EPS of $0.48-$0.50, versus the consensus of $0.49. Sees Q1 2012 revenue of $565-$585 million, versus the consensus of $565 million.

Open Table, Inc. (NASDAQ: OPEN) 3.9% HIGHER; reported Q4 EPS of $0.37, $0.07 better than the analyst estimate of $0.30. Revenue for the quarter came in at $37.2 million versus the consensus estimate of $36.81 million.

Valueclick, Inc. (NASDAQ: VCLK) 3% HIGHER; reported Q4 EPS of $0.47, $0.18 better than the analyst estimate of $0.29. Revenue for the quarter came in at $182.6 million versus the consensus estimate of $175.6 million. Sees Q1 2012 EPS of $0.34-$0.35, versus the consensus of $0.23. Sees Q1 2012 revenue of $155-$160 million, versus the consensus of $158.2 million.

Panera Bread Co (NASDAQ: PNRA) 2.5% LOWER; reported Q4 EPS of $1.42, in-line with the analyst estimate of $1.42. Revenue for the quarter came in at $495.77 million versus the consensus estimate of $499.05 million. Sees Q1 2012 EPS of $1.33-$1.35, versus the consensus of $1.28. Panera Bread Co sees FY2012 EPS of $5.50-$5.55, versus prior guidance of $5.38-$5.48 and the consensus of $5.52.