"Analysts and investors will be anticipating Level 3 Communications, Inc. (NYSE:LVLT)’s next earnings release which is expected to be posted on or around 2016-08-03. Sell-side research firms on Wall Street are expecting that the company will post EPS of $0.49 for the period closing on 2016-06-30. During the same quarter last year, the company posted earnings of $0.42. Whether or not the company hits or beats this expectation, among other factors, can often dictate where the stock may be headed in the short-term. Leading up to the earnings release it’s also important to note the direction the estimates have gone as analyst revisions can often provide an idea of Street sentiment on expected performance.
Most recently, Level 3 Communications, Inc. reported actual earnings of $0.34 per share against the $0.45 Zacks consensus estimate. This represents a surprise factor of -24.44% or a difference of $-0.11.
Currently, there are 9 brokerage firms covering Level 3 Communications, Inc., giving earnings per share estimates as well as future price target predictions. On a consensus basis, analysts have given the stock a $60.333 mean target price for the short term. The top price projection sees the stock hitting $68 within the year, while the most conservative estimate has a $53 target on the name.
Zacks provides a simpler approach for understanding analyst ratings on stocks, using an integer based system which converts each recommendation into a 1-5 average, where a 1 rating indicates a Strong Buy and a 5 rating a Strong Sell. Compiling all of the recommendations for the company, Level 3 Communications, Inc. (NYSE:LVLT) presently has a mean recommendation of 1.67. "
"Advanced Micro Devices Inc. soared as much as 26 percent in early trading Friday after it said it’s licensing technology to a Chinese, state-backed joint venture that will produce server processors for that country’s market.
The company also predicted strong growth in the current quarter. Second-quarter revenue will increase 15 percent, plus or minus 3 percent, from the preceding three months, AMD said in a statement Thursday. That indicates sales of $931.8 million to $981.8 million and compares with an average analyst estimate of $890.8 million, according to data compiled by Bloomberg."
How soon til we're back to $40.00 level again? (At this point even $4.00 looks nice)
Sentiment: Strong Buy
"University of Phoenix Taken Off Probation by Defense Department
School can once again recruit on bases, enroll new students using military tuition assistance
By Melissa Korn
Jan. 15, 2016 3:41 p.m. ET
The Department of Defense has removed University of Phoenix from probationary status, restarting the spigot of military tuition-assistance funds for the for-profit college operator.
The Defense Department placed Phoenix on probation in October, barring the school from recruiting on military bases and preventing it from enrolling new students who use the tuition-assistance program, which provides financial aid to currently serving..."
---- This news alone should take the sale price back up over the $20.00 mark.
Sentiment: Strong Buy
Piper Jaffray analyst, Peter Appert, believes that if Apollo (NASDAQ: APOL) can overcome the legal, regulatory and financial hurdles to complete a sale transaction, the valuation upside could be meaningful. His LBO analysis suggests a potential valuation of $13-$17 per share while a sum-of-parts valuation is $11 to $23. No change to Neutral rating or $9 PT since these hurdles still exist.
Considering an unlevered balance sheet, positive free cash flow and a depressed valuation, LBO values for APOL are intriguing assuming regulatory and legal hurdles can be overcome. A simple LBO model, assuming flat EBITDA beyond CY2018, 2x leverage and a 20% required IRR, yields an implied valuation of $13.
Not surprisingly, valuation is highly sensitive to changes in the key inputs and assuming 3x leverage and 10% EBITDA growth beginning in CY2019, the implied valuation rises to $17. Leverage higher than 2x or 3x is unlikely as it would raise red-flags with DoE and accreditors. However, the implied valuation still suggests meaningful valuation upside.
The market is implying minimal value to APOL's underlying operating assets considering the $6.50/share in net cash balances (excluding restricted cash). This likely undervalues Apollo's businesses, particularly its global portfolio of post-secondary institutions. If you assume a 1x-2x revenue multiple for Apollo Global and 0x-0.5x for University of Phoenix, the implied valuation for APOL is $11 to $23.
Sentiment: Strong Buy
This probation lift comes at a time when UOP's parent Apollo Education Group Inc. (Nasdaq: APOL) is considering selling the Phoenix-based operation.
Company officials will not comment on the board's decision to "explore strategic alternatives," which could potentially lead to a change of control of the company.
Sentiment: Strong Buy
The U.S. Department of Defense has taken University of Phoenix off probation, which will once again allow U.S. military personnel to use their tuition assistance program at the Phoenix-based school.
In October, the DOD put UOP on probation, which prohibited the university from allowing new military students into the DOD Tuition Assistance Program. Active duty military students who were already enrolled at UOP at the time of the probation were able to keep their tuition assistance.
UOP President Timothy Slottow was thankful that there is a clear process for the university to follow in the future to ensure future compliance.
"Our commitment to compliance, transparency and continuous improvement remains constant and we are grateful to leaders at the Department of Defense and in Congress for supporting a clear process and high standards from all educational institutions, and for ensuring military students are able to use their educational benefits for career-relevant programs at University of Phoenix," he said.
Sentiment: Strong Buy
"Private equity firm Apollo Global Management, LLC (NYSE:APO) is in advanced talks to buy for-profit education provider Apollo Education Group Inc. (APOL), the Wall Street Journal reported Monday, citing people familiar with the matter. Shares of Apollo Education gained more than 22 percent in extended trades following the report. According to the WSJ report, a deal between the two companies could be worth about $1 billion and may be reached in the next few weeks. Apollo Education was reportedly in talks with several private equity firms since late 2015, with Apollo Global Management the only company in the fray now.
Apollo Global Management, LLC (NYSE:APO) on Tuesday closed at $14.12. Stock institutional ownership is 63.30% while insider ownership includes 0.90%. Apollo Global Management, LLC (NYSE:APO) distance from 50-day simple moving average (SMA50) is -12.71%."
the Cardinals go in the playoffs.
"The Cardinals have emerged as the favorites to win Super Bowl 50 at multiple Las Vegas sportsbooks after the wild-card games."
I think you're right..
NEW YORK (TheStreet) -- Apollo Education Group (APOL - Get Report) stock is gaining 7.74% to $7.10 in pre-market trading on Monday after the company said its board of directors will explore strategic alternatives to improve its operations, including potentially selling the business.
"The board is currently in discussions that could potentially lead to a change of control of the company," the private education provider said in a statement.
The company believes a change "will support and accelerate Apollo's strategic initiatives" that include the University of Phoenix's transformation plan.
Brokerage firms covering shares of Apollo Education Group, Inc. (NASDAQ:APOL) have placed a one year target price of $8.916 on the shares. This average, or consensus, is according to the 6 sell-side analysts covering the name. The highest estimate is $10 while the lowest stands at $8. This and the following data is provided by Zack’s Research.
Zacks also provides an average broker rating based on sell-side recommendations from covering analysts. This yields a more retail-friendly number as a means of simplifying often complicated brokerage recommendations. Shares of Apollo Education Group, Inc. currently have an ABR of 3.14. This number is scaled on a 1 to 5 basis with 1 representing a “Strong Buy” and 5 a “Strong Sell” recommendation.
For the current fiscal period, Wall Street analysts are projecting that the firm will post earnings of $0.31 per share. This is the Zacks consensus EPS calculated at the time of writing. For the most recent period which closed on 2015-08-31, Apollo Education Group, Inc. reported EPS of $0.17. This yielded a surprise factor of -5.56%, or $-0.01 away from what analysts had anticipated. An important date for investors to mark on their calendars will be 2016-01-11, which is approximately when the company is expected to next release quarterly results.
Short interest for the shares of Level 3 Communications, Inc. (LVLT) rose 12.8 percent from 4622002 shares on November 30, 2015 to 5215521 shares on December 15, 2015. Investors have taken short positions on 1.5 percent of the total common shares of the stock that are floating on the exchange. The days-to-cover short interest ratio is now at 2 days. It is based on average daily trading volume of 2351235 shares.
Any guesses on LVLT earnings?
"Level 3 Communications, Inc. (NYSE:LVLT) is next slated to report earnings for the current quarter on 2016-02-03. Brokerages covering the stock are currently expecting the firm to earn $0.67 per share based on the 10 covering brokerages weighted into that average. Investors will be closely watching how this number fluctuates leading up to the reporting date as analysts continuously update their models.
Over the next 12-months sell-side research firms are predicting that the stock will reach targets in the range of $53-67. The average number of the range is $60.8 based on the 10 firms offering price targets. Placing these targets into a simplified 1-5 rating system produces a score of 1.6 for Level 3 Communications, Inc., where 1 represents a Strong Buy rating and 5 would indicate a Strong Sell rating. Three months ago the rating mean stood at 1.6."
DARA Biosciences, Inc. (NASDAQ:DARA) Picked As A Growth Company
December 17, 2015 1:34 pm·
Zacks Research has given a top Growth Style score to DARA Biosciences, Inc. (NASDAQ:DARA). The score signifies both the company’s financials and its future growth potential. The score has been given based on various factors of the Balance Sheet, Income Statement and Cash Flow Statement. Stocks that have been assigned with high growth score tend to have the best growth characteristics to help them outperform the market.
Both individual and institutional investors closely follow the analysts’ recommendations before investing into DARA Biosciences, Inc. (NASDAQ:DARA). Brokerage firm polled by Zacks have provided a consensus long-term growth projection of N/A. The market estimate has been given after taking into account the company’s earnings and sales for the forthcoming three to five years. In the short run, the sell-side analysts have kept the one-year price target of the stock at N/A. Such estimate represents the consensus view of N/A brokerage firms, which have rated the stock over the last six months.
Brokerage firms use their own terminology to rate a stock. This is why Zacks has built a simplified system to measure each of the ratings on a 1-5 scale, where number one is indicative of a Strong Buy, and number five means a Strong Sell. Based on this scale, DARA Biosciences, Inc.’s rating has been kept at N/A.
The bearish and bullish price recommendation on the stock varies from $N/A to $N/A respectively.
As per the DARA Biosciences, Inc. (NASDAQ:DARA) update, the company is set to release its quarterly earnings on N/A. The brokerage firms are eyeing earnings per share of $N/A for the quarter. The company’s EPS came in at $N/A per share in its last reported quarter for the period ended N/A.
The short interest data have come out for the November 30 settlement date. It is important to note that semiconductor trends are considered to be leading indicators of technology and broader electronics demand.
On the broad scope, short sellers appear to have continued to back off these semiconductor stocks. The November 30 short interest data have been compared with the previous report.
Intel Corp. (NASDAQ: INTC) saw its short interest decrease to 88.45 million shares, the lowest reading in the past 52 weeks. The previous level was 95.56 million. Shares closed Wednesday at $34.81, in a 52-week trading range of $24.87 to $37.90.
Advanced Micro Devices Inc. (NASDAQ: AMD) had its short interest decrease to 113.25 million shares. The previous level was 116.88 million, compared to the late July level of 157.66 million, easily the highest so far in 2015. Shares of AMD closed Wednesday at $2.35, in a 52-week trading range of $1.61 to $3.37.
I hope you're right. It all sounds OK, but was quite a little surprise (:former DARA shareholder, like the others)
"Midatech Pharma Plc engages in the discovery and development of pharmaceutical products in the field of nanomedicine. It develops therapeutic products to enhance the delivery of medicines in diseases, which include diabetes and neurological/ophthalmologic conditions, as well as cancers, such as liver and pancreatic, ovarian, and brain. The company was founded in 2000 and is based in Abingdon, the United Kingdom."
Where's Santa on Christmas Eve? Level 3 to help NORAD track St. Nick
When the North American Aerospace Defense Command, also known as NORAD, tracks the whereabouts of Santa Claus on Christmas Eve this year, it's going to get a little help from Level 3 Communication Inc.
The Broomfield company (Nasdaq: LVLT) said it's providing voice services this year to help the elves at Peterson Air Force Base in Colorado track Santa, something that the Colorado Springs Air Force base has been doing on Christmas Eve since 1955.
"The local voice services we provide Peterson Air Force Base and NORAD enable critical communications around-the-clock, 365 days a year, and scale to meet the needs of the program on Dec. 24 when thousands of families from around the globe call to check on Santa's journey," said Tracy Shaufler, general manager for Colorado, Level 3, in a statement.
The NORAD-Santa tracking tradition began back in 1955, when a Colorado Springs Sears store misprinted a phone number in a newspaper ad asking children to call Santa. Instead of calling Sears, the children were calling NORAD's predecessor at the base. A colonel on duty at the time instructed his staff answering the kids' calls to give Santa's current location, and the tradition continues today.
Wikipedia notes that in 2013, NORAD "logged 19.58 million unique visitors to its website on Christmas Eve, and 1,200 volunteers answered 117,371 calls. Through social media, it had 146,307 Twitter followers and 1.45 million 'likes' on Facebook."