Company News for April 07, 2011 - Corporate Summary
April 07 2011 - 5:10AM
Zacks
• New York Times reported that Cephalon, Inc. (NASDAQ:CEPH)
rejected Valeant Pharmaceuticals' (NYSE:VRX) unsolicited $5.7
billion takeover bid, citing the offer was too low and
opportunistic
• Monsanto Company (NYSE:MON) reported a Q2 EPS of $1.88
beating the Zacks Consensus Estimate of $1.08 per share
• WD-40 Company (NASDAQ:WDFC) reported Q2 EPS of $0.53,
lower than the Zacks Consensus Estimate of $0.60 per share.
Revenues for the quarter fell 2% year-over-year to $79.2 million,
missing the Zacks Consensus Estimate of $90.0 million
• Genpact Ltd (NYSE:G) has agreed to acquire global IT
consulting firm Headstrong Corp for $550 million. The deal is
expected to close in May, and Genpact expects the company to add to
its earnings for the year
• According to reports, Citigroup (NYSE:C) is looking to
expand its commodity investment-product team over the next two
years to a third to tap growing demands of commodities as prices of
copper, gold and cotton rise to record new highs
• Charter Equity downgraded Skyworks Solutions, Inc.
(NASDAQ:SWKS) from "Market Perform" to "Underperform" citing
reduced revenue from the iPhone 5
• Oppenheimer & Co. upgraded Broadcom
Corp.(NASDAQ:BRCM) from "Neutral" to "Buy" rating setting a target
price of $55
• Netflix, Inc.(NASDAQ:NFLX) announced that it has reached
an agreement with Lions Gate Entertainment Corp. (NYSE:LGF)
on a multiyear deal which will include streaming the first four
seasons of the AMC network TV series “Mad Men,” scheduled to start
in July
• Shares of Bellwether Cisco Systems, Inc. (NASDAQ:CSCO)
increased 4.94% to close at $18.07 after Chief Executive John
Chambers said the networking giant would take “bold steps” to
narrow the company's focus. Analysts at Wall Street speculated that
the tech giant may exit from its Flip digital camera business and
other consumer-focused lines
BROADCOM CORP-A (BRCM): Free Stock Analysis Report
CITIGROUP INC (C): Free Stock Analysis Report
CEPHALON INC (CEPH): Free Stock Analysis Report
CISCO SYSTEMS (CSCO): Free Stock Analysis Report
GENPACT LTD (G): Free Stock Analysis Report
LIONS GATE ETMT (LGF): Free Stock Analysis Report
MONSANTO CO-NEW (MON): Free Stock Analysis Report
NETFLIX INC (NFLX): Free Stock Analysis Report
SKYWORKS SOLUTN (SWKS): Free Stock Analysis Report
WD 40 CO (WDFC): Free Stock Analysis Report
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