Corning’s Gorilla Glass Catchest Analyst Attention, While Crocs Outlook Cautious

As investors and traders await earnings season next week, the good jobs data was not enough to move the markets tremendously higher. Analysts at brokerage firms starting covering these companies on their evaluation radars:

Corning (NYSE:GLW): Corning will introduce Gorilla Glass 2 at the Consumer Electronics Show next week. The company says this is the next-generation of its specialty glass product, which has been a big hit. Over 575 products are using Gorilla Glass and the company claims it’s working on molding Gorilla Glass into three-dimensional (3D) shapes.

KeyBanc Capital Mkts initiated coverage of Hold.

Crocs (NASDAQ:CROX): Shoe Carnival’s fourth quarter warning dulls Crox and DSW (NYSE:DSW) on worries the shoe seller could suffer comparable sales weakness.

BB&T Capital Mkts initiated coverage of Hold.

BioDelivery Sciences Intl. (NASDAQ:BDSI): BioDelivery Sciences jumped up 33 percent premarket. BioDelivery Services and Endo Pharmaceuticals (NASDAQ:ENDP) agreed to worldwide license and development rights to commercialize chronic pain treatment BEMA Buprenorphine.

William Blair initiated coverage with Outperform.

Zogenix (NASDAQ:ZGNX): Zogenix completes Zohyrdo pre-new drug application (NDA) meetings with the Food and Drug Administration. Zohyrdo provides an extended-release treatment for sever chronic pain patients. The firm maintains Zohyrdo provides consistent 12-hour pain relief without acetaminophen, giving the drug an advantageous position for a prescription market numbering 128 million.

William Blair initiated coverage of Outperform.

Endo Pharm (NASDAQ:ENDP): BioDelivery Sciences (NASDAQ:BDSI) jumped 33% premarket after Endo Pharmaceuticals agreed to worldwide license and development rights to commercialize chronic pain treatment BEMA Buprenorphine.

William Blair initiated coverage of Outperform.

Columbia Sportswear (NASDAQ:COLM): Columbia Sportswear popped after a big $0.34 earnings beat.  Year-over-years revenue increased +13 percent, $567 million.  Reporting a spring wholesale backlog of $421 million, up 7 percent over last year, Columbia uses third quarter results to raise the outlook for full-year results.  The company sees a 15-16 percent net sales gain.

DA Davidson initiated coverage of Neutral and target of $48.

Cliffs Natural Resources (NYSE:CLF): Anglo American (AAUKY.PK) owns 70 percent of operations for Amapa iron ore in northern Brazil, valued at least $1 billion, says Reuters. U.S. miner Cliffs Natural Resources, a minority partner, might want to increase its share.

RBC Capital Mkts initiated coverage of Outperform and target of $87.

EXACT Sciences (NASDAQ:EXAS): Exact Sciences dipped after discounted yesterday’s closing price for its public offering of 3.12 million shares, with a price of $8.00 a share.

Canaccord Genuity initiated coverage of Buy and target of $15.

Abaxis (NASDAQ:ABAX): Abaxis pops on second quarter results. The medical products supplier beat estimate handily. Year-over-year revenues up 13 percent from sales of veterinary products and medical instruments.  The company posted solid growth for market in Europe and Asia. Abaxis approved a stock buyback program of $40 million.

Canaccord Genuity initiated coverage of Hold and target of $30. Feltl & Co. initiated coverage of Buy and target of $34.25.

Zhongpin (NASDAQ:HOGS): Yesterday’s conference call by Zhongpin to deal with its recent stock price volatility did little to stop the wallowing. The company is down more than 27 percent as China said it will take steps lower pork prices last week.

Oppenheimer initiated coverage  of Outperform and target of $12.

Ubiquiti Networks (NASDAQ:UBNT): Ubiquiti Networks earnings-per-share $0.23. AirMax base stations and antenna sales pumped up growth at Ubiquiti.  Going public just last month, Ubiquiti’s second quarter guidance sees $83-$86 million of revenue  and EPS of $0.24-$0.25.

Wunderlich initiated coverage of Buy and target of $25.

Further Reading: Hungary Pledges Central Bank Compromise With IMF in Exchange for Second Bailout>>

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