Analysts Review On Regions Financial Corp (NYSE:RF)

The shares of Regions Financial Corp (NYSE:RF)currently has mean rating of 2.3 while 7 analyst have recommended the shares as ‘BUY’ ,8 recommended as ‘OUTPERFORM’ and 15 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Regions Financial Corp (NYSE:RF)is at $10.23 while the highest price target suggested by the analysts is $12.00 and low price target is $9.00. The mean price target is calculated keeping in view the consensus of 29 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 1.37B by 21 analysts. The means estimate of sales for the year ending Dec 16 is 5.53B by 24 analysts.

The average estimate of EPS for the current fiscal quarter for Regions Financial Corp (NYSE:RF)stands at $0.21 while the EPS for the current year is fixed at $0.84 by 30.00 analysts

The next one year’s EPS estimate is set at 0.93 by 31.00 analysts while a year ago the analysts suggested the company’s EPS at $0.84. The analysts also projected the company’s long-term growth at 7.08% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Regions Financial Corp (NYSE:RF)reported earnings of $0.20. The posted earnings topped the analyst’s consensus by $0.01 with the surprise factor of 5.30%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Regions Financial Corp (NYSE:RF) traded up +2.96% during trading on Friday, hitting $9.43 . The stock had a trading volume of 8.5 M shares. The firm has a 50 day moving average of $9.42 and a 200-day moving average of $8.70. The stock has a market cap of $11.89B and a price-to-earnings ratio of 11.86. On Jul 23, 2015 the shares registered one year high at $10.87 and the one year low was seen on Feb 11, 2016.

On June 23, 2016 Regions Financial Corp (NYSE:RF) disclosed the results of its company-administered Dodd-Frank Act Stress Test (DFAST) in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act.

DFAST is a forward-looking exercise conducted by the Federal Reserve and large financial companies supervised by the Federal Reserve. The exercise helps assess whether institutions have sufficient capital to absorb losses and support operations during adverse economic and financial market conditions over a period of nine quarters.

Regions’ company-administered DFAST results are posted on the Investor Relations section of regions.com within the regulatory disclosures area.

About Regions Financial Corporation

Regions Financial Corporation (RF), with $126 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, mortgage, and insurance products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,600 banking offices and 2,000 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com.

Earnings Estimates Under Review: ArcelorMittal SA (ADR) (NYSE:MT)

The shares of ArcelorMittal SA (ADR) (NYSE:MT)currently has mean rating of 2.2 while 1 analyst have recommended the shares as ‘BUY’ ,2 recommended as ‘OUTPERFORM’ and 3 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of ArcelorMittal SA (ADR) (NYSE:MT)is at $6.40 while the highest price target suggested by the analysts is $7.50 and low price target is $5.00. The mean price target is calculated keeping in view the consensus of 6 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 14.25B by 1 analysts. The means estimate of sales for the year ending Dec 16 is 59.30B by 5 analysts.

The average estimate of EPS for the current fiscal quarter for ArcelorMittal SA (ADR) (NYSE:MT)stands at $0.04 while the EPS for the current year is fixed at $0.11 by 1.00 analysts

The next one year’s EPS estimate is set at 0.22 by 6.00 analysts while a year ago the analysts suggested the company’s EPS at $0.11. The analysts also projected the company’s long-term growth at -159.50% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , ArcelorMittal SA (ADR) (NYSE:MT)reported earnings of $-0.10. The posted earnings missed the analyst’s consensus by $-0.04 with the surprise factor of -66.70%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

ArcelorMittal SA (ADR) (NYSE:MT) traded up +6.32% during trading on Friday, hitting $5.44 . The stock had a trading volume of 17.8 M shares. The firm has a 50 day moving average of $4.95 and a 200-day moving average of $4.46. The stock has a market cap of $9.65B. On Jun 26, 2015 the shares registered one year high at $10.54 and the one year low was seen on Feb 11, 2016.

ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company operates through five segments: NAFTA; Brazil; Europe; Africa & Commonwealth of Independent States; and Mining. It produces finished and semi-finished steel products. The company’s products include flat products, such as slabs, plates, hot-and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, and tinplate and color coated coils and sheets; and seamless and welded pipes and tubes. It also offers long products, including blooms and billets, bars, wire-rods, structural sections, rails, sheet piles, and wire-products. The company provides its steel products to the automotive, appliance, engineering, construction, energy, and machinery industries. It sells its products in local markets and through a centralized marketing organization in approximately 160 countries. In addition, the company produces mining products, including iron ore lumps, fines, concentrates, and sinter feeds, as well as coking, pulverized coal injection, and thermal coal. It has iron ore mining activities in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, Ukraine, and the United States; and coal mining activities in Kazakhstan and the United States. ArcelorMittal was founded in 1976 and is headquartered in Luxembourg.

Earnings Estimates Under Spotlight: Advanced Micro Devices, Inc. (NASDAQ:AMD)

The shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)currently has mean rating of 2.9 while 5 analyst have recommended the shares as ‘BUY’ ,3 recommended as ‘OUTPERFORM’ and 11 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)is at $3.82 while the highest price target suggested by the analysts is $6.00 and low price target is $2.00. The mean price target is calculated keeping in view the consensus of 19 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 952.16M by 20 analysts. The means estimate of sales for the year ending Dec 16 is 4.03B by 24 analysts.

The average estimate of EPS for the current fiscal quarter for Advanced Micro Devices, Inc. (NASDAQ:AMD)stands at $-0.08 while the EPS for the current year is fixed at $-0.26 by 17.00 analysts

The next one year’s EPS estimate is set at -0.10 by 19.00 analysts while a year ago the analysts suggested the company’s EPS at $-0.26. The analysts also projected the company’s long-term growth at -218.00% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Advanced Micro Devices, Inc. (NASDAQ:AMD)reported earnings of $-0.12. The posted earnings topped the analyst’s consensus by $0.01 with the surprise factor of 7.70%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Advanced Micro Devices, Inc. (NASDAQ:AMD) traded up +3.78% during trading on Friday, hitting $5.26 . The stock had a trading volume of 29.1 M shares. The firm has a 50 day moving average of $4.23 and a 200-day moving average of $2.95. The stock has a market cap of $4.13B. On Jun 22, 2016 the shares registered one year high at $5.52 and the one year low was seen on Jul 27, 2015.

On June 21, 2016 Advanced Micro Devices, Inc. (NASDAQ:AMD) announced that the company’s 25×20 energy efficiency initiative has been named an Environmental Leader “Project of the Year.” The Environmental Leader awards, bestowed by one of the top publications in environmental science and stewardship, recognize excellence and innovation leading to improved environmental or energy management. Judges noted that the AMD 25×20 Initiative sets an “ambitious and audacious” goal with demonstrated real world advances in microprocessor energy efficiency benefitting consumers and other stakeholders. The 25×20 Initiative is part of an ongoing focus on energy efficiency across AMD product lines.

“Our judges look for products or projects that provide clear, substantial benefits,” said Paul Nastu, publisher of Environmental Leader. “This year’s Project of the Year Award winners such as AMD have proven to have viable attributes that set them apart from others and clearly meet our judging criteria.”

In its fifth year, the awards recognize outstanding achievements in sustainability, energy, and environmental fields. The judging panel consisted of renowned experts from LNS Research, Anheuser-Busch InBev, GlaxoSmithKline, ConAgra Foods, Microsoft, Owens-Corning, and others, headed by an independent judging coordinator from outside Environmental Leader.

“AMD is committed to being a good steward of our planet and applying innovation to overcome challenges, and we’re thrilled by Environmental Leader’s recognition,” said Susan Moore, corporate vice president for public affairs at AMD. “Starting from a 2014 baseline, we’re ahead of pace for achieving a 25 times improvement by 2020 in the energy efficiency of our mobile accelerated processing units, the goal of the 25×20 Initiative. The process improvements, architectural enhancements and intelligent power efficient techniques of our processors can make a difference in the world around us. Our customers and stakeholders should continue to see exciting developments.”

Earnings Estimates Under Spotlight: Freeport-McMoRan Inc (NYSE:FCX)

The shares of Freeport-McMoRan Inc (NYSE:FCX)currently has mean rating of 2.9 while 2 analyst have recommended the shares as ‘BUY’ ,1 recommended as ‘OUTPERFORM’ and 16 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Freeport-McMoRan Inc (NYSE:FCX)is at $10.91 while the highest price target suggested by the analysts is $15.00 and low price target is $8.00. The mean price target is calculated keeping in view the consensus of 14 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 3.69B by 8 analysts. The means estimate of sales for the year ending Dec 16 is 16.25B by 16 analysts.

The average estimate of EPS for the current fiscal quarter for Freeport-McMoRan Inc (NYSE:FCX)stands at $-0.03 while the EPS for the current year is fixed at $0.54 by 16.00 analysts

The next one year’s EPS estimate is set at 1.02 by 19.00 analysts while a year ago the analysts suggested the company’s EPS at $0.54. The analysts also projected the company’s long-term growth at -38.43% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Freeport-McMoRan Inc (NYSE:FCX)reported earnings of $-0.16. The posted earnings topped the analyst’s consensus by $0.02 with the surprise factor of 11.10%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Freeport-McMoRan Inc (NYSE:FCX) traded up +2.52% during trading on Friday, hitting $11.93 . The stock had a trading volume of 21.1 M shares. The firm has a 50 day moving average of $11.10 and a 200-day moving average of $8.72. The stock has a market cap of $14.76B. On Jun 26, 2015 the shares registered one year high at $20.06 and the one year low was seen on Jan 20, 2016.

On June 13, 2016 Freeport-McMoRan Inc (NYSE:FCX) announced they have reached an agreement with Freeport-McMoRan Nevada LLC (“Freeport Nevada”) to extend the current Stage 2 of Freeport Nevada’s option to acquire an interest in the Company’s Yerington Copper Project in Nevada for up to two years by Freeport Nevada making option payments totalling $5.75 million. Freeport Nevada is a wholly owned subsidiary of Freeport Minerals Corporation, which in turn is a wholly owned subsidiary of Freeport-McMoRan Inc. (FCX).

In terms of agreement, Stage 2 of Freeport Nevada’s earn-in option, which commenced in June last year, can be extended for up to four additional periods of six months each by Freeport Nevada making the following payments to SPS: $1.8 million on June 13, 2016; $1.25 million on December 13, 2016; $1.35 million on June 13, 2017; and $1.35 on December 13, 2017. (All amounts are expressed in U.S. dollars).

SPS intends to use the Freeport Nevada’s option payments for property maintenance, G&A and environmental compliance at its Yerington Copper Project. Freeport Nevada will have the right to terminate the agreement at any time with 60 days’ notice.

During the two-year extension period, SPS may propose special exploration programs, including work plans and budgets, to be undertaken with Freeport Nevada’s agreement under an annual drilling program. These programs will be funded by Freeport Nevada, at its discretion, through accelerated option payments. The Stage 2 extension option payments and any accelerated option payments will reduce the payments required for Freeport Nevada to earn its initial 55% interest in SPS.

SPS will continue to initiate and self-fund desktop studies to assess the over-all development potential at Yerington, and surface work including geophysical surveys to better understand the Bear porphyry copper deposit, one of three known copper deposits on the Company’s 51-square mile Yerington land package. Geophysical surveys will also assist in future drill site selection. Freeport Nevada has the option to participate in these studies as part of due diligence.

“We welcome the opportunity to continue working with Freeport Nevada at Yerington and appreciate its confidence and continued support for our efforts,” says Quaterra Chief Executive Officer Thomas Patton. “The ability for the company, under the extension agreement, to propose special exploration programs provides us with a strong incentive to identify compelling drill targets.”

Earnings Estimates Under Spotlight: Frontier Communications Corp (NASDAQ:FTR)

The shares of Frontier Communications Corp (NASDAQ:FTR)currently has mean rating of 2.0 while 7 analyst have recommended the shares as ‘BUY’ ,6 recommended as ‘OUTPERFORM’ and 3 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Frontier Communications Corp (NASDAQ:FTR)is at $6.06 while the highest price target suggested by the analysts is $8.00 and low price target is $4.00. The mean price target is calculated keeping in view the consensus of 12 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 2.75B by 10 analysts. The means estimate of sales for the year ending Dec 16 is 9.68B by 15 analysts.

The average estimate of EPS for the current fiscal quarter for Frontier Communications Corp (NASDAQ:FTR)stands at $-0.02 while the EPS for the current year is fixed at $-0.09 by 11.00 analysts

The next one year’s EPS estimate is set at -0.09 by 13.00 analysts while a year ago the analysts suggested the company’s EPS at $-0.09. The analysts also projected the company’s long-term growth at 7.30% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Frontier Communications Corp (NASDAQ:FTR)reported earnings of $0.01. The posted earnings topped the analyst’s consensus by $0.11 with the surprise factor of 110.00%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Frontier Communications Corp (NASDAQ:FTR) traded down -0.590% during trading on Friday, hitting $5.180 . The stock had a trading volume of 7.1 M shares. The firm has a 50 day moving average of $5.143 and a 200-day moving average of $5.012. The stock has a market cap of $5.93B. On Mar 7, 2016 the shares registered one year high at $5.85 and the one year low was seen on Jan 20, 2016.

On June 21, 2016 Frontier Communications Corp (NASDAQ:FTR) has named Matthew “Matt” Stein Vice President, Southeast Region Marketing. He succeeds Rich O’Brien who was recently named Vice President-General Manager, Pennsylvania.

Stein joins Frontier after serving as Vice President, Customer Experiences and Marketing Services with Kobie Marketing in Tampa. Prior to that he was Senior Director, Global Marketing and Creative Services with Catalina Marketing, also in Tampa.

“Matt brings over 15 years of marketing operations leadership experience to Frontier,” said Mike Flynn, President, Southeast Region. “His area will include Tampa, the company’s largest city we serve, as well as the six counties in the greater Tampa Bay area. He will also lead marketing and PR efforts for our North and South Carolina properties. Matt has the right blend of talent and experience across a broad range of marketing skills, ranging from the traditional to digital and social platforms, to make Frontier’s brand and services the top choice of customers in the region.”

Stein graduated from the University of Cincinnati with a bachelor’s degree in electronic media. He recently presented “Making Moments Matter – Moving Beyond Tactics to Win Hearts and Wallets” at Loyalty Expo 2015. He will be located in Frontier’s regional headquarters in Tampa.

Earnings Estimates Under Spotlight: General Electric Company (NYSE:GE)

The shares of General Electric Company (NYSE:GE)currently has mean rating of 2.2 while 4 analyst have recommended the shares as ‘BUY’ ,6 recommended as ‘OUTPERFORM’ and 8 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of General Electric Company (NYSE:GE)is at $32.53 while the highest price target suggested by the analysts is $38.00 and low price target is $27.00. The mean price target is calculated keeping in view the consensus of 15 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 30.84B by 9 analysts. The means estimate of sales for the year ending Dec 16 is 124.12B by 10 analysts.

The average estimate of EPS for the current fiscal quarter for General Electric Company (NYSE:GE)stands at $0.46 while the EPS for the current year is fixed at $1.51 by 14.00 analysts

The next one year’s EPS estimate is set at 1.75 by 18.00 analysts while a year ago the analysts suggested the company’s EPS at $1.51. The analysts also projected the company’s long-term growth at 12.72% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , General Electric Company (NYSE:GE)reported earnings of $0.21. The posted earnings topped the analyst’s consensus by $0.02 with the surprise factor of 10.50%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

General Electric Company (NYSE:GE) traded up +1.33% during trading on Friday, hitting $31.21 . The stock had a trading volume of 40.2 M shares. The firm has a 50 day moving average of $30.15 and a 200-day moving average of $30.04. The stock has a market cap of $286.81B and a price-to-earnings ratio of 42.26. On Mar 31, 2016 the shares registered one year high at $32.05 and the one year low was seen on Aug 24, 2015.

On June 23, 2016 General Electric Company (NYSE:GE) opened its new 210,000 square-foot North American headquarters in Marlborough, Massachusetts. At full capacity in 2017, it will employ more than 500 scientists and professionals in the Boston area focused on accelerating precision medicine across a portfolio including:

  • Manufacturing technologies for cell and immune therapies that are showing the potential to cure some of the world’s toughest diseases, such as cancer
  • Early stage research tools used to develop the next generation of precision medicines
  • Technologies and consumables for manufacturing vaccines, insulin and the rapidly growing new class of drugs known as biologics
  • Leading-edge contrast agents and nuclear medicine tracers that clinicians use to diagnose disease

The new facility at 100 Results Way will be home to 40,000 square feet of laboratories supporting cell and immune therapy research and development, early stage drug development, biomanufacturing, as well as scientific and medical affairs support.

The laboratories will house GE’s ninth global Fast Trak facility, which partners with and trains biotech innovators to discover new drugs, develop manufacturing workflows, and optimize their biomanufacturing processes. In 2017, the site will also include GE’s FlexFactory manufacturing platform, originally designed in Marlborough, MA, and which pioneered end-to-end, flexible, small batch biologic drug manufacturing.

“General Electric’s ongoing investment in Massachusetts is just the latest proof that the Commonwealth is a global leader in life science innovation, from discovery to manufacturing and commercialization,” said Governor Charlie Baker. “With a deep bench of talent and supportive economic environment, we are excited to have GE Healthcare be a part of Central Massachusetts’ growing workforce and look forward to the advances that will benefit the health and wellbeing of our citizens.”

Earnings Estimates Under Spotlight: Intel Corporation (NASDAQ:INTC)

The shares of Intel Corporation (NASDAQ:INTC) currently has mean rating of 2.3 while 15 analyst have recommended the shares as ‘BUY’ ,10 recommended as ‘OUTPERFORM’ and 15 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Intel Corporation (NASDAQ:INTC) is at $35.49 while the highest price target suggested by the analysts is $42.00 and low price target is $26.00. The mean price target is calculated keeping in view the consensus of 34 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 13.53B by 32 analysts. The means estimate of sales for the year ending Dec 16 is 57.09B by 36 analysts.

The average estimate of EPS for the current fiscal quarter for Intel Corporation (NASDAQ:INTC) stands at $0.53 while the EPS for the current year is fixed at $2.41 by 28.00 analysts

The next one year’s EPS estimate is set at 2.64 by 35.00 analysts while a year ago the analysts suggested the company’s EPS at $2.41. The analysts also projected the company’s long-term growth at 10.00% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Intel Corporation (NASDAQ:INTC) reported earnings of $0.54. The posted earnings topped the analyst’s consensus by $0.06 with the surprise factor of 12.50%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Intel Corporation (NASDAQ:INTC) traded up +2.17% during trading on Friday, hitting $33.00 . The stock had a trading volume of 22.0 M shares. The firm has a 50 day moving average of $31.07 and a 200-day moving average of $31.47. The stock has a market cap of $155.78B and a price-to-earnings ratio of 14.09. On Dec 29, 2015 the shares registered one year high at $35.59 and the one year low was seen on Aug 24, 2015.

On June 21, 2016 Intel Corporation (NASDAQ:INTC) announced the availability of the new PCIe form factor Accelerator-6D accelerator board which is the industry’s highest single-FPGA memory bandwidth, PCIe add-in card for high-speed data center acceleration applications. The board integrates a Speedster™22i HD1000 FPGA with 700,000 look-up-tables that connects to six independent memory controllers allowing for up to 192 GB of memory and 690 Gbps of total memory bandwidth.

Each DRAM controller on the HD1000 runs at 1,600 MT/s and connects to two SODIMMs allowing for single, dual- and quad-rank SODIMM and SORDIMM DDR3 operation. The board also has four QSFP+ connectors for 10G/40G Ethernet connectivity and supports PCIe Gen3 ×8 operation. The controllers for the DDR3, Ethernet and PCIe interfaces are implemented as embedded hard blocks inside the HD1000 FPGA, which eliminates the requirement to use valuable programmable resources inside the FPGA to implement these functions. In addition, the embedded hard controllers guarantee timing on these complex high-performance interfaces, enabling designers to focus their valuable time on developing data center acceleration applications.

The Accelerator-6D board is the only FPGA-based PCIe board that has 6 independent DRAM memory ports connected to a single FPGA. Each independent port can be configured with up to 32 GB of DDR3 memory. The memory ports combined with the 4 QSFP+ modules that support 4x 40G Ethernet is the perfect platform for data center architects to develop intelligent NIC cards for NFV network acceleration or network security.

“The Accelerator-6D board offers a unique value proposition to the data center, high-performance compute market segment that uses PCIe add-in cards,” said Steve Mensor, Vice President of Marketing, Achronix Semiconductor. “The Accelerator-6D board offers the highest memory bandwidth for an FPGA-based PCIe form factor board, and memory bandwidth is typically the bottleneck of high performance computer systems.”

Earnings Estimates Under Spotlight: Transocean LTD (RIG)

The shares of Transocean LTD (NYSE:RIG)currently has mean rating of 3.6 while 1 analyst have recommended the shares as ‘BUY’ ,2 recommended as ‘OUTPERFORM’ and 13 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Transocean LTD (NYSE:RIG)is at $8.76 while the highest price target suggested by the analysts is $19.00 and low price target is $2.50. The mean price target is calculated keeping in view the consensus of 30 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 926.06M by 26 analysts. The means estimate of sales for the year ending Dec 16 is 3.94B by 20 analysts.

The average estimate of EPS for the current fiscal quarter for Transocean LTD (NYSE:RIG)stands at $0.00 while the EPS for the current year is fixed at $0.65 by 33.00 analysts

The next one year’s EPS estimate is set at -0.54 by 35.00 analysts while a year ago the analysts suggested the company’s EPS at $0.65. The analysts also projected the company’s long-term growth at -77.40% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Transocean LTD (NYSE:RIG)reported earnings of $0.69. The posted earnings topped the analyst’s consensus by $0.40 with the surprise factor of 137.90%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Transocean LTD (NYSE:RIG) traded up +4.91% during trading on Friday, hitting $12.05 . The stock had a trading volume of 11.1 M shares. The firm has a 50 day moving average of $10.27 and a 200-day moving average of $10.39. The stock has a market cap of $4.37B and a price-to-earnings ratio of 2.87. On Oct 9, 2015 the shares registered one year high at $17.19 and the one year low was seen on Feb 24, 2016.

On May 4, 2016 Transocean LTD (NYSE:RIG) reported net income attributable to controlling interest of $249 million, $0.68 per diluted share, for the three months ended March 31, 2016. First quarter 2016 results included net unfavorable items of $5 million, $0.01 per diluted share, as follows:

  • $4 million, $0.01 per diluted share, in restructuring costs associated with employee severance; and
  • $2 million related to the loss on impairment of the midwater floater Transocean John Shaw, which the company has identified for recycling.
  • These net unfavorable items were partially offset by:
  • $1 million in favorable discrete tax benefits and miscellaneous other items.

After consideration of these net unfavorable items, first quarter 2016 adjusted net income was $254 million, or $0.69 per diluted share.

For the three months ended March 31, 2015, the company reported a net loss attributable to controlling interest of $483 million, or $1.33 per diluted share. The first quarter of 2015 included net unfavorable items of $881 million, $2.43 per diluted share, associated with losses on the impairment of the deepwater floater asset group and other assets classified as held for sale. After consideration of these net unfavorable items, adjusted net income was $398 million, or $1.10 per diluted share.

Contract drilling revenues for the three months ended March 31, 2016, decreased $345 million sequentially to $1.11 billion due primarily to reduced activity associated with stacked and idle rigs, and rig disposals.

Other revenues decreased $165 million sequentially to $230 million. First quarter 2016 included $209 million in early contract termination fees ($133 million, net of expected quarterly contract drilling revenues for the cancelled rigs) primarily associated with the Discoverer Deep Seas and Deepwater Millennium.

Operating and maintenance expense decreased to $665 million, compared with $794 million in the prior quarter. The decrease was due largely to lower activity, cost savings related to the company`s operational and restructuring initiatives, and reduced stacking costs primarily associated with the company`s dynamically positioned floaters offset partially by the reactivation costs of the Henry Goodrich. The quarter also included deferred mobilization cost of $18 million on the GSF Development Driller I that was previously expected in the second quarter of 2016.

Noticeable Stock: Citigroup Inc (NYSE:C)

The shares of Citigroup Inc (NYSE:Ccurrently has mean rating of 1.9 while 14 analyst have recommended the shares as ‘BUY’ ,10 recommended as ‘OUTPERFORM’ and 6 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Citigroup Inc (NYSE:Cis at $55.77 while the highest price target suggested by the analysts is $70.00 and low price target is $44.00. The mean price target is calculated keeping in view the consensus of 26 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 17.85B by 22 analysts. The means estimate of sales for the year ending Dec 16 is 71.01B by 24 analysts.

The average estimate of EPS for the current fiscal quarter for Citigroup Inc (NYSE:Cstands at $1.18 while the EPS for the current year is fixed at $4.72 by 25.00 analysts

The next one year’s EPS estimate is set at 5.45 by 25.00 analysts while a year ago the analysts suggested the company’s EPS at $4.72. The analysts also projected the company’s long-term growth at 4.11% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Citigroup Inc (NYSE:Creported earnings of $1.10. The posted earnings topped the analyst’s consensus by $0.07 with the surprise factor of 6.80%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Citigroup Inc (NYSE:C traded up +4.17% during trading on Friday, hitting $44.50 . The stock had a trading volume of 25.7 M shares. The firm has a 50 day moving average of $44.53 and a 200-day moving average of $44.35. The stock has a market cap of $130.49B and a price-to-earnings ratio of 8.89. On Jul 23, 2015 the shares registered one year high at $60.95 and the one year low was seen on Feb 11, 2016.

On June 23, 2016 Citigroup Inc (NYSE:C) released certain disclosures required by the rules of the Federal Reserve Board and the Office of the Comptroller of the Currency in connection with the 2016 annual supervisory stress tests. This information may be found on Citi’s web site at www.citigroup.com/citi/investor.

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Noticeable Stock: J C Penney Company Inc (NYSE:JCP)

The shares of J C Penney Company Inc (NYSE:JCP)currently has mean rating of 2.6 while 9 analyst have recommended the shares as ‘BUY’ ,3 recommended as ‘OUTPERFORM’ and 11 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of J C Penney Company Inc (NYSE:JCP)is at $10.84 while the highest price target suggested by the analysts is $19.00 and low price target is $5.00. The mean price target is calculated keeping in view the consensus of 25 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jul 16 is 2.92B by 21 analysts. The means estimate of sales for the year ending Jan 17 is 12.81B by 23 analysts.

The average estimate of EPS for the current fiscal quarter for J C Penney Company Inc (NYSE:JCP)stands at $-0.15 while the EPS for the current year is fixed at $0.02 by 22.00 analysts

The next one year’s EPS estimate is set at 0.65 by 22.00 analysts while a year ago the analysts suggested the company’s EPS at $0.02. The analysts also projected the company’s long-term growth at -28.00% for the upcoming five years

In its latest quarter ended on 30 Apr 2016 , J C Penney Company Inc (NYSE:JCP)reported earnings of $-0.32. The posted earnings topped the analyst’s consensus by $0.06 with the surprise factor of 15.80%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

J C Penney Company Inc (NYSE:JCP) traded up +1.54% during trading on Friday, hitting $8.86 . The stock had a trading volume of 15.5 M shares. The firm has a 50 day moving average of $8.10 and a 200-day moving average of $8.55. The stock has a market cap of $2.63B. On Mar 8, 2016 the shares registered one year high at $11.99 and the one year low was seen on Jan 20, 2016.

On June 23, 2016 J C Penney Company Inc (NYSE:JCP) announced that its wholly-owned subsidiary, J. C. Penney Corporation, Inc. (“JCP”), has completed the refinancing of its $2.25 billion five-year senior secured term loan credit facility entered into in 2013 with an amended and restated $1.688 billion seven-year senior secured term loan credit facility, and the issuance of its previously announced $500 million of 5.875% Senior Secured Notes due 2023. The amended and restated term loan facility has a lower interest rate than the 2013 facility, representing a 75 basis point reduction and an extended maturity from 2018 to 2023. Proceeds from the amended and restated term loan facility and the senior secured notes offering will be used to repay the entire outstanding principal balance of the 2013 facility.  The amended and restated term loan facility and the senior secured notes are guaranteed by the Company and certain subsidiaries of JCP, and are secured by mortgages on certain real estate of JCP and the guarantors.

As a result of this transaction, the Company expects to generate approximately $24 million in annualized interest expense savings. In the second quarter of  fiscal 2016, the Company will record a one-time $34 million non-cash write-off of unamortized debt issuance costs associated with the 2013 facility.

“We were pleased with the strong demand by investors, which allowed us to both lower our interest rate and extend the maturity of our term loan,” said Marvin Ellison, chief executive officer of JCPenney. “We proactively pursued a refinancing due to favorable market conditions and the ability to further enhance our financial flexibility and liquidity position. This reflects the improved performance of our Company and the market`s confidence in the Company`s strategic goal of achieving $1.2 billion in EBITDA by 2017.”

JPMorgan Chase Bank, N.A. was the lead arranger of the amended and restated term loan facility, with Barclays Bank PLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC and Goldman Sachs Lending Partners LLC, serving as the other joint arrangers.