Pre-Open Stock Movers 12/10: (BLT) (LOJN) (OLLI) Higher; (AIXG) (MW) (CIEN) Lower (more...)
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- Stocks face worst month since September, yen swings after BoJ
- Microsoft fiscal Q3 results top estimates as AI revolution spurs cloud growth
- Alphabet stock surges 11% to record high on Q1 earnings beat, first-ever dividend
- Intel slides in afterhours trading as Q1 revenue misses, Q2 outlook falls short
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- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
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- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
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MKM Partners Say Ciena (CIEN) Weakness is Overdone; Reiterates Buy
December 11, 2015 11:12 AM ESTMKM Partners maintained a Buy rating on CIENA (NYSE: CIEN), and cut the price target to $26.00 (from $29.00), following the company's 4Q earnings report. Revenues came in at $692mn, $8mn better than expected. Cyan revenues were $84mn, $34mn higher than forecast, due to strong CAF-related spending at Windstream. This suggests organic revenues missed expectations by ~$25mn. MKM... More
Men's Wearhouse (MW) PT Cut to $16 at Jefferies - 'Don't Bank On a Quick Fix Here'
December 11, 2015 8:21 AM ESTJefferies maintained a Hold rating on The Men's Wearhouse, Inc. (NYSE: MW), and cut the price target to $16.00 (from $32.00), as visibility on turnaround becomes cloudy. MW met recently lowered 3Q guidance, but Jos Bank's steep 35% comp decline 4QTD is outpacing already morose expectations for a 20-25%... More
Men's Wearhouse (MW) PT Cut to $16 at Mizuho Securities as JAB Deceleration Clouds Visibility
December 10, 2015 2:54 PM ESTMizuho Securities maintained a Neutral rating on The Men's Wearhouse, Inc. (NYSE: MW), and cut the price target to $16.00 (from $30.00), as rapid deceleration at JAB clouds visibility around topline and margins. With limited visibility to the cause of the rapid traffic decline, Mizuho is uncertain when JAB... More
