10 de octubre de 2014 / 11:44 / en 3 años

BUZZ-U.S. Stocks on the Move-Procera, Microchip, Juniper, Tesla

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U.S. stock index e-mini futures were lower on Friday: Dow Jones industrial average futures were down 0.42 percent at 16,541, S&P 500 futures were down 0.38 percent at 1,917.75 and Nasdaq 100 futures were down 0.84 percent at 3,937.

** PROCERA NETWORKS INC, Thursday close $8.55, -28.30 pct premarket

The network solution provider said it estimates revenue of $16 million for the third quarter ended Sept. 30, below the average analyst estimate of $22.6 million. The company forecast revenue of $70-$75 million for 2014, while analysts on average estimate $85.2 million. The company also expects adjusted net loss for the third quarter and full year.

** JUNIPER NETWORKS INC, Thursday close $20.94, -6.40 pct premarket

Juniper cut its third-quarter sales target late on Thursday, reflecting what it called lower-than-anticipated demand from service providers, particularly in the United States.

** MICROCHIP TECHNOLOGY INC, Thursday close $45.54, -11.51 pct premarket

The chipmaker said it estimates sales of about $546.2 million for the second quarter ended Sept. 30, below the average analyst estimate of $567.9 million. The company said the quarter was hurt by lower business in September, particularly in China.

** TESLA MOTORS INC, Thursday close $257.01, -3.37 pct premarket

The company on Thursday took its first step toward automated driving, unveiling features that will allow its electric sedan to park itself and sense dangerous situations. The company also said it will roll out an all-wheel drive option of the Model S sedan that can go from zero to 60 miles per hour in 3.2 seconds yet doesn’t compromise the vehicle’s efficiency.

** VOXX INTERNATIONAL CORP, Thursday close $7.66, -12.92 pct premarket

The automotive and consumer accessory distributor reported a second quarter loss, partly due to lower retail sales in Venezuela, Canada and Europe. The company reported second quarter revenue of $177.3 million, below the average analyst estimate of $185.2 million. Second quarter loss of 11 cents per share compares with the average analyst estimate of a profit of 6 cents.

** GT ADVANCED TECHNOLOGIES INC, Thursday close $1.29, -20.16 pct premarket

The solar and LED equipment maker, wich is a partner with Apple Inc in a sapphire glass plant in Arizona, said it intends to stop sapphire production.

GT filed for bankruptcy on Monday, and on Thursday asked a U.S. bankruptcy court to keep under seal some key documents relating to a third-party.

“We strongly discourage investors from trying to ‘bottom-fish’ with GTAT shares,” Raymond James analyst Pavel Molchanov wrote in a note.

Up to Thursday’s close, the stock had lost 88 pct since the bankruptcy filing in volatile trading, up two days and down two days.

** SYMANTEC CORP, Thursday close $23.44

The Norton antivirus software maker will split into two publicly traded companies, one focused on security and the other storage and backup, potentially making itself more attractive to suitors.

The move by Symantec, which has fired two CEOs since 2012 as its stock and financial performance lagged many other software makers, follows a trend of companies splitting in an effort to boost their share prices. The deal also reverses its long troubled $13.5 billion acquisition a decade ago of storage software maker Veritas.

** SIZMEK INC, Thursday close $7.14

The ad management company said it expects accelerating decline in demand for its rich media product.

The company provided preliminary third quarter revenue outlook of $38.5 million to $39.5 million, below the average analyst estimate of $42 million. The company also named Ken Saunders chief financial officer, and initiated a search for a chief operating officer.

** PORTUGAL TELECOM SGPS SA, Thursday close $1.83

Shares of Portugal Telecom slumped to historic low after a slump in the stock of Brazilian partner Oi after the departure of Chief Executive Zeinal Bava.

“We are on a carousel, a vicious cycle between the stocks of the companies. The intrinsic correlation between Oi and Portugal Telecom has led to this spiral of declines in PT to historic lows,” said Luis Goncalves, a trader at brokerage GoBulling in Porto.

** CIVEO CORP, Thursday close $12.26

David Einhorn's Greenlight Capital Inc raised its stake in the workforce accommodation provider, becoming the second-biggest shareholder. (1.usa.gov/1ydciro)

Einhorn suggested Civeo replace Chief Executive Bradley Dodson, and take up an “aggressive program” to return capital to shareholders through a dividend policy.

** HELEN OF TROY LTD, Thursday close $53.42

The personal care products and houseware maker reported a better-than-expected second quarter profit and sales as orders increased late in the quarter.

The company forecast fiscal 2015 profit of $4.55 to $4.65 per share, above the average analyst estimate of $3.93.

** ARC GROUP WORLDWIDE INC, Thursday close $12.77

THe 3D printing service provider reported breakeven on an adjusted per-share basis for the fourth quarter ended June 30, compared with profit of 11 cents per share a year earlier. Canaccord Genuity cut rating on the stock to “hold” from “buy”, and slashed price target to $15 from $28. Brean Capital, Janney Capital Markets and Imperial Capital also cut their price targets on the stock by as much as $5. The company’s profit fell due to higher investment in marketing, lower production volumes and integration of three acquisitions.

** ZUMIEZ INC, Thursday close $30.23

The sports apparel and accessories retailer’s September same-store sales rose 6.6 percent. Total sales was up 12.5 percent at $66.3 million in the five weeks ended Oct. 4.

** FAMILY DOLLAR STORES INC, Thursday close $77.75

The discount retailer, which is trying to ward off a hostile bid from rival Dollar General Corp, said its fourth-quarter profit slid 66 percent hurt by inventory markdowns, restructuring charges and merger fees. (Compiled by Amrutha Gayathri in Bangalore)

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