Month: December 2015

Beleaguered solar company SunEdison Inc. SUNE and its YieldCos – TerraForm Power Inc. TERP and TerraForm Global Inc […]

A subsidiary of Brown & Brown, Inc . BRO , Brown & Brown of Connecticut, Inc., has bought the assets of Smith Insurance, Inc. With an impressive track record of over 75 years, Smith Insurance has been providing personal and commercial insurance in Connecticut and Rhode Island and generating about $5.5 million annually. […]

Gilead Sciences, Inc. GILD announced positive data from a prespecified interim analysis of a phase III study (Study 115) evaluating Zydelig in combination with standard therapy in previously-treated chronic lymphocytic leukemia (CLL) patients. In the study, a 67% reduction in the risk of disease progression or death (progression-free survival) was observed in patients receiving Zydelig in addition to Treanda (bendamustine) and Rituxan (rituximab) compared to those receiving only Treanda and Rituxan. […]

Enterprise application software provider SAP SE SAP and electronics equipment manufacturer Koninklijke Philips N.V PHG recently entered into a partnership to help urban planners provide better service at reasonable costs. The new collaboration would also aid SAP in expanding its footprint in the Latin American market, with Buenos Aires taking the lead. The strategic tie-up involves seamless integration of the real-time situational awareness capabilities of SAP HANA, SAP’s proprietary cloud platform, with Philips’ CityTouch street lighting management system to create a comprehensive information network. […]

Zacks Investment Research downgraded Potlatch Corporation PCH to a Zacks Rank #5 (Strong Sell) on Dec 10, 2015. Going by the Zacks model, companies holding a Zacks Rank #5 have strong chances of underperforming the broader market over the next few quarters. Why the Downgrade […]

E*TRADE Financial Corporation ETFC recently received a credit rating upgrade from Moody's Investors Service, the rating services arm of Moody's Corporation MCO . Notably, the agency raised E*TRADE’s issuer rating as well as senior unsecured bond rating to baa3 from ba2. This has effectively upgraded the company’s credit to investment grade status from its prior status of junk bond […]

Telefonica S.A. TEF recently announced its plans to launch video services in seven new Latin American markets in 2016. […]

Edwards Lifesciences Corp. EW recently presented a strategic framework revealing its financial outlook for 2016, which reflects the company’s long-term growth strategy and recent progress in its technology pipeline. The outlook, along with reaffirmation of 2015 financial guidance was revealed at Edwards’ annual investor conference, held in Irvine, CA […]

On Dec 10, 2015, we issued an updated research report on Massachusetts-based Bruker Corporation BRKR , which designs and manufactures proprietary life science and materials research systems and associated products. Bruker ended the third quarter of 2015 on a positive note, squarely beating the Zacks Consensus Estimate. […]

Leading U.S. homebuilding company KB Home KBH opened a new community called Magnolia Trails in El Cajon, CA. Magnolia Trails will offer homes priced in the high $500,000s […]

Electronic Arts EA was down, courtesy GameStop Corp. GME , as per report from TheStreet. Yesterday, shares of Electronic Arts tumbled 5.5% after GameStop slashed the price of EA’s highly anticipated title Star Wars Battlefront by as much as $20 […]

UDR Inc. UDR has revealed that it has completed the disposition of 8 communities and reaped total gross proceeds of $284 million. This move helped the company exit the Norfolk, VA market. […]

There could hardly be a simpler way than lighting to bring Internet of Things to enterprises globally and Cisco Systems, Inc. CSCO knows the power of lighting. Recently, Cisco teamed up with Dutch lighting company, Philips, to sell Internet-connected lights to enterprises in order to enter the so-called smart lighting space. […]

On Dec 9, 2015, Zacks Investment Research downgraded iRobot Corporation IRBT to a Zacks Rank #3 (Hold) from a Zacks Rank #2 (Buy). Going by the Zacks model, companies carrying a Zacks Rank #3 have chances of performing in line with the broader market over the upcoming quarters. Why on Hold? […]

Armstrong World Industries, Inc. AWI reached a new 52-week low of $45.73 yesterday, before closing a notch higher at $46.19.Year-to-date, the company’s shares have delivered a negative return of around 9.6%. The manufacturer of floors, ceilings and cabinets posted soft third-quarter 2015 results, wherein adjusted earnings declined 9% and sales dropped 3%, both on a year-over-year basis […]

MedAssets Inc. MDAS and Pamplona Capital Management LLP recently announced the early termination of the waiting period for Pamplona’s proposed acquisition of MedAssets under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976. On Nov 2, 2015, Pamplona announced the signing of a definitive agreement to acquire MedAssets for $2.7 billion in cash ($31.35 per share). […]

Freeport-McMoRan Inc. FCX has declared more actions to cope with the prevailing difficult market conditions. These include amending its oil and gas capital spending plans, additional curtailments in copper and molybdenum production and suspension of its common stock dividend […]

As part of its aggressive re-franchising efforts, The Coca-Cola Company KO announced the signing of letters of intent with three U.S. bottlers — Coca-Cola Beverages Florida, Viking Coca-Cola Bottling Company and Coca-Cola Bottling Company United (“United”) — to grant expanded distribution territories in five U.S. states. […]