Texas Instruments Inc, (NASDAQ:TXN): Texas Instruments estimates were lowered by UBS due to concerns about weakening demand. Shares hold a Neutral rating. As a result of continues rising orders and backlog, National Securities actually upgraded Texas Instruments with a $33 price target. Shares of Texas Instruments Incorporated are trading 2.26% higher today.
Finisar Corporation (NASDAQ:FNSR): Finistar reports a Q4 adjusted EPS of 21c, with a consensus of 21c, and a Q4 revenue of $239.9M, with a consensus of $242.62M. The company sees the current macroeconomic outlook as uncertain, and it is driven by new European developments and slower economic growth in China. Finistar states that worldwide telecom spending has been soft. Shares of Finisar Corporation are trading 1.78% higher today.
A Closer Look: Finisar Earnings Cheat Sheet>>
Ramtron International (NASDAQ:RMTR): Cypress Semi (NASDAQ:CY) has submitted a proposal to Ramtron in which Cypress Semi would acquire all of Ramtrons outstanding stock for $2.48 per share in cash. This represents a 37% premium over Ramtron’s closing stock price on June 11. Ramtron is up 26% premarket. Shares of Ramtron International are trading 33.70% higher today.
ZaZa Energy Corp (NASDAQ:ZAZA): The company has simultaneously signed a Heads of Agreement with Hess Corp. (NYSE:HES) in which a transaction will cause the termination or modification of the agreements of the Parties in Texas and France, amending the existing exploration and development agreement ZaZa has with Hess in Texas for which ZaZa has already been paid a cash consideration totaling $15M, intends to pay down $33M of its $100M senior secured notes which are due by 2017, and has influenced Jefferies (NYSE:JEF) to head a joint venture process for ZaZa’s Eagle Ford core as well as Woodbine and Eaglebine assets. Shares of ZaZa Energy Corp are trading 5.05% lower today.
EnergySolutions, Inc. (NYSE:ES): EnergySolutions has downgraded from Outperform to Market Perform at Avondale, and the price target falls from $8 to $3. However, shares of EnergySolutions, Inc. are trading 4.94% higher today.
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