Juniper Networks SLAMMED and 3 Stocks CRASHING to 52-Week Lows
Arch Coal (NYSE:ACI): Yesterday, the Associated Press reported that coal is expected to produce less than 40% of U.S. electricity for the year. This falls from 2008’s 50% and is the lowest recorded level since the U.S. began collecting the data in 1949. Natural gas is “aggressively” replacing coal since it has become more inexpensive recently. The Associated Press adds that natural gas is expected to account for 29% of U.S. electricity this year, a 20% increase since 2008. The shares have traded in a 52-week range of $5.62 to $28.76.
Career Education (NASDAQ:CECO), a for-profit education company, falls following the company’s announcement that one of it’s accreditors demands ten of Career Education’s colleges to prove why they should keep their accreditation. The shares have traded in a 52-week range of $5.59 to $25.26.
Juniper Networks (NYSE:JNPR): At its analyst day yesterday, Juniper announced expectations for revenue to increase 2-4 points more quickly than market growth throughout the next three years. The company ads that market growth should moderate but stay healthy, and it will take market share. The company has dropped its long-term margin range to 63%-66% and expects revenue to increase within 2013-2015 to 9%-12%. The shares have traded in a 52-week range of $15.95 to $33.11.
Coffee Holding Co. (NASDAQ:JVA) anticipates customers waiting for lower coffee prices before ordering as a result of the lowering market trend. The cost of net sales rose 6.6% year over year, reaching 96.3% or sales due to increased costs for green coffee as well as hedging losses. Shares were down 17.9% premarket. The shares have traded in a 52-week range of 5.68 to $30.98.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.