Stocks Movement Analysis: Regions Financial Corp (NYSE:RF), Facebook Inc (NASDAQ:FB), ArcelorMittal SA (ADR) (NYSE:MT)

Regions Financial Corp (NYSE:RF) climbed 4.50% during last trading as the stock added $0.32 to finish the day at $8.23 with about 26.92M shares changing hands, compared to its three month average trading volume of 19.38M. The $ 9.67B market cap company, which fluctuated between $8.01 and $8.26 during the day, currently situated 19.24% above its 52 week low of $6.90 and -22.24% away from its one year high of $10.58. The RSI of 34.10 indicates the stock is overbought at the current levels, sell for now.

Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth. It provides traditional commercial, retail and mortgage banking services, as well as other financial services.

Facebook Inc (NASDAQ:FB) gained $3.73 to close the day at a new closing price of $112.70, a 3.42% increase in value from its previous closing price that moved the stock XX% above its 52 week low of $0.5. A total of 26.81M shares exchanged hands during the day compared with its three month average trading volume of 20.34M. The stock, which fluctuated between $110.55 and $114.37 during the day, currently situated -6.92% below its 52 week high. The stock is down by -5.60% in the past one month and down by -1.74% over the past three months. With a one year target estimate of $142.87 and RSI of 42.86, the stock still has upside potential, making it a hold for now.

Facebook, Inc. builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Instagram is a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them to friends.

ArcelorMittal SA (ADR) (NYSE:MT) had a light trading with around 26.21M shares changing hands compared to its three month average trading volume of 15.75M. The stock traded between $4.35 and $4.50 before closing at the price of $4.50 with 2.74% change on the day. The company is currently trading 53.58% above its 52 week low of $2.93 and 55.75% above its 52 week high of $10.17. Both the RSI indicator and target price of 39.21 and $6.40 respectively, lead us to believe that it could drop over the coming weeks.

ArcelorMittal S.A. (ArcelorMittal) is a holding company. The Company is an integrated steel and mining company. ArcelorMittal operates through five segments: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA segment produces flat, long and tubular products. The Brazil segment includes the flat operations of Brazil, and the long and tubular operations of Brazil and neighboring countries.

News Roundup: AT&T Inc. (NYSE:T), Facebook Inc (NASDAQ:FB), Wells Fargo & Co (NYSE:WFC)

AT&T Inc. (NYSE:T) climbed 1.23% during last trading as the stock added $0.51 to finish the day at $42.03 with about 37.48M shares changing hands, compared to its three month average trading volume of 20.84M. The $256.53B market cap company, which fluctuated between $41.29 and $42.09 during the day, currently situated 41.32% above its 52 week low of $29.74 and -0.47% away from its one year high of $42.23. The RSI of 76.97 indicates the stock is overbought at the current levels, sell for now.

AT&T Inc. provides telecommunications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless, fixed strategic, legacy voice and data, and wireless equipment services to business, governmental, and wholesale customers, as well as individual subscribers.

Facebook Inc (NASDAQ:FB) fall -$3.11 to close the day at a new closing price of $109.87, a -2.77% decrease in value from its previous closing price that moved the stock 51.5% above its 52 week low of $72.00. A total of 36.41M shares exchanged hands during the day compared with its three month average trading volume of 19.73M. The stock, which fluctuated between $108.23 and $111.57 during the day, currently situated -10.00% below its 52 week high. The stock is down by -8.79% in the past one month and down by -6.17% over the past three months. With a one year target estimate of $142.87 and RSI of 28.85, the stock still has upside potential, making it a hold for now.

Facebook, Inc. operates as a mobile application and Website that enables people to connect, share, discover, and communicate each other on mobile devices and personal computers worldwide. Its solutions also include Instagram, a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; Messenger, a messaging application for mobile and Web on various platforms and devices, which enable people to reach others instantly, as well as enable businesses to engage with customers; and WhatsApp Messenger, a mobile messaging application.

Wells Fargo & Co (NYSE:WFC) had a light trading with around 35.09M shares changing hands compared to its three month average trading volume of 19.20M. The stock traded between $44.50 and $45.33 before closing at the price of $45.01 with -1.53% change on the day. The company is currently trading 1.92% above its 52 week low of $44.16 and -21.18% above its 52 week high of $57.11. Both the RSI indicator and target price of 29.00 and $54.79 respectively, lead us to believe that it could drop over the coming weeks.

Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, as well as time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.

Analysts Keeping an Eye on Facebook Inc (NASDAQ:FB)

The shares of Facebook Inc (NASDAQ:FB)currently has mean rating of 1.7 while 29 analyst have recommended the shares as ‘BUY’ ,18 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 Facebook Inc (NASDAQ:FB)is at $142.87 while the highest price target suggested by the analysts is $170.00 and low price target is $71.00. The mean price target is calculated keeping in view the consensus of 45 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 6.00B by 38 analysts. The means estimate of sales for the year ending Dec 16 is 26.09B by 41 analysts.

The average estimate of EPS for the current fiscal quarter for Facebook Inc (NASDAQ:FB)stands at $0.81 while the EPS for the current year is fixed at $3.57 by 40.00 analysts

The next one year’s EPS estimate is set at 4.61 by 44.00 analysts while a year ago the analysts suggested the company’s EPS at $3.57. The analysts also projected the company’s long-term growth at 34.55% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Facebook Inc (NASDAQ:FB)reported earnings of $0.77. The posted earnings topped the analyst’s consensus by $0.15 with the surprise factor of 24.20%. 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.

Facebook Inc (NASDAQ:FB) traded down -0.41% during trading on Friday, hitting $114.74 . The stock had a trading volume of 14.8 M shares. The firm has a 50 day moving average of $117.45 and a 200-day moving average of $109.69. The stock has a market cap of $325.82B and a price-to-earnings ratio of 69.67. On May 11, 2016 the shares registered one year high at $121.08 and the one year low was seen on Aug 24, 2015.

On May 26, 2016 Facebook Inc (NASDAQ:FB) announced an agreement to build a new, state-of-the-art subsea cable across the Atlantic.  The new “MAREA” cable will help meet the growing customer demand for high speed, reliable connections for cloud and online services for Microsoft, Facebook and their customers. The parties have cleared conditions to go Contract-In-Force (CIF) with their plans, and construction of the cable will commence in August 2016 with completion expected in October 2017.

Microsoft and Facebook are collaborating on this system to accelerate the development of the next-generation of Internet infrastructure and support the explosion of data consumption and rapid growth of their respective cloud and online services. MAREA will be the highest-capacity subsea cable to ever cross the Atlantic – eight fiber pairs and an initial estimated design capacity of 160Tbps. The new 6,600 km submarine cable system, to be operated and managed by Telxius, Telefónica’s new telecommunications infrastructure company, will also be the first to connect the United States to southern Europe, from the data hub of Northern Virginia to Bilbao, Spain and then to network hubs in Europe, Africa, the Middle East and Asia. This route is south of other transatlantic cable systems, thereby helping ensure more resilient and reliable connections for customers in the United States, Europe, and beyond.

Microsoft and Facebook designed MAREA to be interoperable with a variety of networking equipment. This new “open” design brings significant benefits for customers:  lower costs and easier equipment upgrades which leads to faster growth in bandwidth rates since the system can evolve at the pace of optical technology innovation.

Microsoft and Facebook are working with Telxius to build upon Telefónica’s longstanding experience in subsea cables on this innovative new system.  Telxius will serve as the operator of the system and sell capacity as part of their wholesale infrastructure business.

Earnings Estimates Under Review: Facebook Inc (NASDAQ:FB)

The shares of Facebook Inc (NASDAQ:FB)currently has mean rating of 1.7 while 29 analyst have recommended the shares as ‘BUY’ ,18 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 Facebook Inc (NASDAQ:FB)is at $142.87 while the highest price target suggested by the analysts is $170.00 and low price target is $71.00. The mean price target is calculated keeping in view the consensus of 45 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 6.00B by 38 analysts. The means estimate of sales for the year ending Dec 16 is 26.09B by 41 analysts.

The average estimate of EPS for the current fiscal quarter for Facebook Inc (NASDAQ:FB)stands at $0.81 while the EPS for the current year is fixed at $3.57 by 40.00 analysts

The next one year’s EPS estimate is set at 4.61 by 44.00 analysts while a year ago the analysts suggested the company’s EPS at $3.57. The analysts also projected the company’s long-term growth at 34.55% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Facebook Inc (NASDAQ:FB)reported earnings of $0.77. The posted earnings topped the analyst’s consensus by $0.15 with the surprise factor of 24.20%. 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.

Facebook Inc (NASDAQ:FB) traded up +0.31% during trading on Friday, hitting $114.72 . The stock had a trading volume of 20.8 M shares. The firm has a 50 day moving average of $117.67 and a 200-day moving average of $109.60. The stock has a market cap of $324.27B and a price-to-earnings ratio of 69.34. On May 11, 2016 the shares registered one year high at $121.08 and the one year low was seen on Aug 24, 2015.

On May 26, 2016 Facebook Inc (NASDAQ:FB) announced an agreement to build a new, state-of-the-art subsea cable across the Atlantic.  The new “MAREA” cable will help meet the growing customer demand for high speed, reliable connections for cloud and online services for Microsoft, Facebook and their customers. The parties have cleared conditions to go Contract-In-Force (CIF) with their plans, and construction of the cable will commence in August 2016 with completion expected in October 2017.

Microsoft and Facebook are collaborating on this system to accelerate the development of the next-generation of Internet infrastructure and support the explosion of data consumption and rapid growth of their respective cloud and online services. MAREA will be the highest-capacity subsea cable to ever cross the Atlantic – eight fiber pairs and an initial estimated design capacity of 160Tbps. The new 6,600 km submarine cable system, to be operated and managed by Telxius, Telefónica’s new telecommunications infrastructure company, will also be the first to connect the United States to southern Europe, from the data hub of Northern Virginia to Bilbao, Spain and then to network hubs in Europe, Africa, the Middle East and Asia. This route is south of other transatlantic cable systems, thereby helping ensure more resilient and reliable connections for customers in the United States, Europe, and beyond.

Microsoft and Facebook designed MAREA to be interoperable with a variety of networking equipment. This new “open” design brings significant benefits for customers:  lower costs and easier equipment upgrades which leads to faster growth in bandwidth rates since the system can evolve at the pace of optical technology innovation.

Microsoft and Facebook are working with Telxius to build upon Telefónica’s longstanding experience in subsea cables on this innovative new system.  Telxius will serve as the operator of the system and sell capacity as part of their wholesale infrastructure business.

The Insider Activity Don’t Lie: Facebook, Inc. (NASDAQ:FB)

Facebook, Inc. (FB) down -3.52 per cent in the past week, is under coverage of 0 analysts who collectively recommend a buy rating on stock. 0 of the analysts have a buy or better rating; the 0 sells versus 0 underperforms. The 45 equity analysts who rate the stock have an average target price at $142.87, with individual targets ranging between $71 and $170. The shares closed last trade at $114.39, implying that analysts see shares rising about 24.9 per cent in 12 months’ time.

Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are 9.3 up so far this year. A Chief Technology Officer at Facebook, Inc. (FB) sold shares in the company in a transaction completed on Tuesday June 14, 2016. Schroepfer Michael Todd offloaded 20,000 shares in the company at an average price of $114.07 and ended up generating $2,281,400 in proceeds. Schroepfer Michael Todd retains 559,862 shares in the company after this transaction. A VP Marketing & Bus. Part. in the company, Fischer David B., on Tuesday June 14, 2016 collected $2,707,190 from the sale of 23,625 shares at $114.07 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.

Earnings to Watch: Investors considering FB stock at the going market price of $114.39/share should know the stock will next release quarterly results for the June 2016 quarter. For the reporting quarter, analysts expect the company to deliver $0.81 in earnings per share (EPS). That would represent a 62% year-over-year increase. Revenue for the same period is expected to arrive at $6B.

Earnings Roundup: In the last fiscal quarter alone, Facebook, Inc. generated around $5.38B in revenue and net income of $0.77/share. That compares with the consensus estimate $5.26B and $0.62/share, respectively. For the prior quarter revenue for the company hit $5.84B, with earnings at $0.79/share.

Analyst Coverage: Argus has been a brokerage house following shares of Facebook, Inc. (FB), so its rating change is noteworthy. The stock was upgraded to Buy from Hold, wrote analysts at Argus, in a note issued to clients on Thursday October 15, 2015. There was another key note issued by Susquehanna on Tuesday August 11, 2015. The firm launched coverage on FB at Positive.

Price Momentum: Despite the -0.18% decrease in value, the stock’s new closing price represents a -5.53% fall in value from company’s one year high of $121.08. The stock is currently holding above its 50 day moving average of $-1.17 and below its 200 day moving average of $117.89. Over the last three months and over the last six months, the shares of Facebook, Inc. (FB), have changed 8.18% and 109.43%, respectively.

 

Analyst Activity: Facebook Inc (NASDAQ:FB)

Analysts are weighing in on how Facebook Inc (NASDAQ:FB), might perform in the near term. Wall Street analysts have a much favorable assessment of the stock, with a mean rating of 1.7. The stock is rated as buy by 0 analysts, with 0 outperform and 0 hold rating. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for strong sell.

For the current quarter, the 40.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.81 a share, which would compare with $0.50 in the same quarter last year. They have a high estimate of $0.90 and a low estimate of $0.68. Revenue for the period is expected to total nearly $6.00B from $4.04B the year-ago period.

For the full year, 44.00 Wall Street analysts forecast this company would deliver earnings of 3.57 per share, with a high estimate of $3.84 and a low estimate of $2.59. It had reported earnings per share of $2.28 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $26.09B versus 17.93B in the preceding year.

The analysts project the company to maintain annual growth of around 34.55% percent over the next five years as compared to an average growth rate of 17.31% percent expected for its competitors in the same industry.

Among the 45 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for FB is $142.87 but some analysts are projecting the price to go as high as $170.00. If the optimistic analysts are correct, that represents a 49 percent upside potential from the recent closing price of $114.39. Some sell-side analysts, particularly the bearish ones, have called for $71.00 price targets on shares of Facebook Inc (NASDAQ:FB).

In the last reported results, the company reported earnings of $0.50 per share, while analysts were calling for share earnings of $0.47. It was an earnings surprise of 6.40%percent. 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.

Facebook, Inc. operates as a mobile application and Website that enables people to connect, share, discover, and communicate each other on mobile devices and personal computers worldwide. Its solutions also include Instagram, a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; Messenger, a messaging application for mobile and Web on various platforms and devices, which enable people to reach others instantly, as well as enable businesses to engage with customers; and WhatsApp Messenger, a mobile messaging application. The company also develops Oculus virtual reality technology and content platform, which allow people to enter an immersive and interactive environment to play games, consume content, and connect with others. As of December 31, 2015, it had 1.04 billion daily active users (DAUs) and 934 million DAUs who accessed Facebook from a mobile device. Facebook, Inc. was founded in 2004 and is headquartered in Menlo Park, California.

Upcoming Earnings Report: Facebook (NASDAQ:FB)

Facebook, Inc. (FB) added 0.87% to reach at the floor price of $114.94 as the company is set to share its next quarterly earnings on July 20, 2016. FB stock trades between $113.58 and $114.95 before the earnings release. Let’s take a closer look at the June 2016 earnings estimates, particularly the things investors should pay close attention to. Earnings (EPS) for the recently concluded quarter is projected to come in at $0.81/share with $5.99B in revenue.

Earnings Track Record: If history is anything to go by, Facebook, Inc. (FB) managed to beat quarterly EPS forecasts in 7 of the trailing three fiscal years, and has a positive trend with an average surprise of 58.%. Last time the company reported, Facebook, Inc. generated $0.77 in earnings per share, surpassing the mean forecast of $0.62. Revenues reached $5.38B in the March 2016 quarter, which was higher than the consensus $5.26B projection. On the other hand, in the December 2015 quarter it recorded a net $5.84B revenue with EPS of $0.79. Wall Street had projected $5.37B and $0.68, respectively. For comparison, there was a revenue of $4.5B and earnings of $0.57 in the September 2015 quarter.

Future Earnings: After upcoming financial results, all eyes will be on the outlook or guidance for the next reporting quarter (September 2016). Analysts, on average, predict Facebook, Inc. to earn $0.87 in earnings per share (EPS) on revenue of $5.99B. The earnings-per-share consensus range is $0.72-$0.95 on sales between $5.8B and $6.18B.

Stock Trend vs. Analyst View: The stock is trading up 59.64 percent versus 1-year low of $72 and stands -5.07 lower from its peak of $121.08. The consensus price target of $142.87 means that the market expects Company shares to increase by 24.3% in the short run. The sell-side target prices range from $71 to $170. In the last month the stock has moved in price -4.06%, with a one year change of 42.41%. The last trading session volume compares with the 25.57M average and market worth floats around $339.12B.

Recent Analyst Rating Changes: The buoyancy in the prospect of Facebook, Inc. (FB) is getting stronger by the bullish sentiment (1.7 on a 5-point scale) that brokerage firms have issued concerning it. Wall Street analysts on the average recommend the company shares as Buy. Argus has been covering shares of FB, so it’s most recent view is worth a look. In a research note released on October 15, 2015, analysts at Argus lifted the stock to Buy from Hold.  Another noteworthy analyst activity was recorded on August 11, 2015. Susquehanna analysts launched coverage on the stock at Positive.

 

Pre-Market Stocks Roundup: Best Buy Co (NYSE:BBY), Facebook (NASDAQ:FB)

Best Buy Co Inc(NYSE:BBY) stock dropped -1.95% in today’s pre market session with the price of $28.60. Over the last one month and over the past three months, Best Buy Co, Inc’s shares lost -4.87% and -7.38%, respectively. Furthermore, the stock has plummeted -1.15% since the start of this year. The company’s shares are trading -7.31% below their 50-day moving average. Additionally, Best Buy Co, Inc has an RSI of 35.20 and beta of 1.47.

May 25, 2016, The Board of Directors of Best Buy Co., Inc. has authorized the payment of a regular quarterly cash dividend of $0.28 per common share. The quarterly dividend is payable on July 5, 2016, to shareholders of record as of the close of business on June 14, 2016. The company had 323,658,272 shares of common stock issued and outstanding as of April 30, 2016.

Contact:

Best Buy Co., Inc.

Investor Contact:

Mollie O’Brien, 612-291-7735

mollie.obrien@bestbuy.com

Media Contact:

Jeff Shelman, 612-291-6114

jeffrey.shelman@bestbuy.com

 

Facebook Inc(NASDAQ:FB) stock on Friday’s pre market session gained 0.23% at price of $115.20. Over the last one month and the previous three months, Facebook Inc’s shares lost -4.06% and gained 3.86%, respectively. Additionally, the stock has surged 9.82% since the beginning of 2016. The company’s shares are trading above their 50-day moving averages by -0.66%.

May 26, 2016, Microsoft and Facebook (FB) announced an agreement to build a new, state-of-the-art subsea cable across the Atlantic.  The new “MAREA” cable will help meet the growing customer demand for high speed, reliable connections for cloud and online services for Microsoft, Facebook and their customers. The parties have cleared conditions to go Contract-In-Force (CIF) with their plans, and construction of the cable will commence in August 2016 with completion expected in October 2017.

Microsoft and Facebook are collaborating on this system to accelerate the development of the next-generation of Internet infrastructure and support the explosion of data consumption and rapid growth of their respective cloud and online services. MAREA will be the highest-capacity subsea cable to ever cross the Atlantic – eight fiber pairs and an initial estimated design capacity of 160Tbps. The new 6,600 km submarine cable system, to be operated and managed by Telxius, Telefónica’s new telecommunications infrastructure company, will also be the first to connect the United States to southern Europe, from the data hub of Northern Virginia to Bilbao, Spain and then to network hubs in Europe, Africa, the Middle East and Asia. This route is south of other transatlantic cable systems, thereby helping ensure more resilient and reliable connections for customers in the United States, Europe, and beyond.

Microsoft and Facebook designed MAREA to be interoperable with a variety of networking equipment. This new “open” design brings significant benefits for customers:  lower costs and easier equipment upgrades which leads to faster growth in bandwidth rates since the system can evolve at the pace of optical technology innovation.

Facebook, Inc. (NASDAQ:FB) Stock Declines, Analysts: Buy Rating

Facebook, Inc. (FB) down -4.07 per cent in the past week, is under coverage of 51 analysts who collectively recommend a buy rating on stock. 47 of the analysts have a buy or better rating; the 0 sells versus 1 underperforms. The 45 equity analysts who rate the stock have an average target price at $142.87, with individual targets ranging between $71 and $170. The shares closed last trade at $113.95, implying that analysts see shares rising about 25.38 per cent in 12 months’ time.

Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are 8.88 up so far this year. A COO at Facebook, Inc. (FB) sold shares in the company in a transaction completed on Wednesday June 08, 2016. Sandberg Sheryl offloaded 109,000 shares in the company at an average price of $118.18 and ended up generating $12,881,620 in proceeds. Sandberg Sheryl retains 4,781,264 shares in the company after this transaction. A Director in the company, Koum Jan, on Wednesday June 01, 2016 collected $205,000,000 from the sale of 1,721,436 shares at $118.18 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.

Earnings to Watch: Investors considering FB stock at the going market price of $113.95/share should know the stock will next release quarterly results for the June 2016 quarter. For the reporting quarter, analysts expect the company to deliver $0.81 in earnings per share (EPS). That would represent a 62% year-over-year increase. Revenue for the same period is expected to arrive at $5.99B.

Earnings Roundup: In the last fiscal quarter alone, Facebook, Inc. generated around $5.38B in revenue and net income of $0.77/share. That compares with the consensus estimate $5.26B and $0.62/share, respectively. For the prior quarter revenue for the company hit $5.84B, with earnings at $0.79/share.

Analyst Coverage: Argus has been a brokerage house following shares of Facebook, Inc. (FB), so its rating change is noteworthy. The stock was upgraded to Buy from Hold, wrote analysts at Argus, in a note issued to clients on Thursday October 15, 2015. There was another key note issued by Susquehanna on Tuesday August 11, 2015. The firm launched coverage on FB at Positive.

Price Momentum: Despite the -2.29% decrease in value, the stock’s new closing price represents a -5.89% fall in value from company’s one year high of $121.08. The stock is currently holding above its 50 day moving average of $-1.51 and below its 200 day moving average of $117.43. Over the last three months and over the last six months, the shares of Facebook, Inc. (FB), have changed 8.15% and 109.29%, respectively.

 

Active Stocks in Pre-Market: Facebook Inc(NASDAQ:FB), Cellcom Israel Ltd.(NYSE:CEL)

Facebook Inc(NASDAQ:FB) stock dropped -0.05% in today’s pre market session with the price of $113.89. Over the last one month and over the past three months, Facebook, Inc’s shares lost -5.26% and gained 3.69%, respectively. Furthermore, the stock has gained 8.88% since the start of this year. The company’s shares are trading -1.51% above their 50-day moving average. Additionally, Facebook, Inc has an RSI of 37.91 and beta of 0.74.

May 26, 2016 Microsoft and Facebook (FB) announced an agreement to build a new, state-of-the-art subsea cable across the Atlantic.  The new “MAREA” cable will help meet the growing customer demand for high speed, reliable connections for cloud and online services for Microsoft, Facebook and their customers. The parties have cleared conditions to go Contract-In-Force (CIF) with their plans, and construction of the cable will commence in August 2016 with completion expected in October 2017.

Microsoft and Facebook are collaborating on this system to accelerate the development of the next-generation of Internet infrastructure and support the explosion of data consumption and rapid growth of their respective cloud and online services. MAREA will be the highest-capacity subsea cable to ever cross the Atlantic – eight fiber pairs and an initial estimated design capacity of 160Tbps. The new 6,600 km submarine cable system, to be operated and managed by Telxius, Telefónica’s new telecommunications infrastructure company, will also be the first to connect the United States to southern Europe, from the data hub of Northern Virginia to Bilbao, Spain and then to network hubs in Europe, Africa, the Middle East and Asia. This route is south of other transatlantic cable systems, thereby helping ensure more resilient and reliable connections for customers in the United States, Europe, and beyond.

Microsoft and Facebook designed MAREA to be interoperable with a variety of networking equipment. This new “open” design brings significant benefits for customers:  lower costs and easier equipment upgrades which leads to faster growth in bandwidth rates since the system can evolve at the pace of optical technology innovation.

 

Cellcom Israel Ltd.(NYSE:CEL) stock on Friday’s pre market session gained 3.11% at price of $6.97. Over the last one month and the previous three months, Cellcom Israel shares lost -9.50% and gained 15.36%, respectively. Additionally, the stock has surged 9.03% since the beginning of 2016. The company’s shares are trading below their 50-day and 200-day moving averages by -12.01% and -2.27%, respectively.

June 13, 2016, Cellcom Israel Ltd. has taken note that the controlling shareholder of Hot Mobile Ltd. (“Hot”), another Israeli cellular operator, announced a non-exclusive long term agreement for the provision of hosting services to Golan Telecom on the network used by Hot, and financing arrangements to be provided by Hot and its controlling shareholders (the “Hot Agreement”), subject to the Israeli regulators’ approval and instructions. The Company has notified Golan Telecom and its shareholders that the Hot agreement constitutes material breaches of the Share Purchase Agreement (“SPA”) and National Roaming Agreement (“NRA”) between the Company and Golan Telecom, including a service exclusivity obligation and obligations not to materially change the business to be purchased. The Company further notified Golan Telecom and its shareholders that the breach of the SPA and the breach of the NRA (resulting with the transfer of any Golan’s customers traffic on Hot’s network), if not cured, would allow the Company to terminate the SPA and demand the immediate payment of the NIS 600 million + VAT National Roaming Gap (as defined in the SPA), demand the recovery of additional substantial discounts provided to Golan Telecom under the NRA and conditioned upon such exclusivity, which under preliminary calculations amount to approximately NIS 300 million, and demand compensation for future payments until the end of such exclusivity. The Company notified Golan Telecom and its shareholders that should Golan Telecom and its shareholders fail to remedy all such breaches within the time frame set in the agreement, the Company will take all actions available to it under the SPA, NRA and applicable law, against them.