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EXCLUSIVE: Lazard Small-Cap Expert Predicts 30%-50% Russell 2000 Rally On The Back Of Lower Interest Rates (UPDATED)
Wednesday, September 11, 2024 - 3:23pm | 1130Editor’s note: This story has been updated to clarify that an expectation of up to 200 basis points of interest rate cuts over the next year is the view of Sean Gallagher and not of Lazard itself. Small-cap stocks may be poised for a powerful catch-up rally in the next six to 12 months,...
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How Litquidity Aims To Disrupt Finance Media: 'It's Just A Matter Of Executing'
Monday, January 24, 2022 - 4:52pm | 1288Traditional finance and business media outlets are not prepared for disruption. That’s according to the anonymous ex-banker behind the Litquidity brand, referred to as “Lit,” and his head of growth and operations Mark Moran, a licensed attorney and an investment banker who joined...
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Activist Investors Go Dormant As COVID-19 Depresses Economy
Thursday, April 16, 2020 - 4:24pm | 562Activist investors turned passive in the last month as the coronavirus threatened to claim corporate victims. Activist campaigns fell from 42 in January and February to just 16 in March — representing the slowest growth rate since 2013, according to Lazard. Investments in such campaigns have...
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Lannett Tumbles After Engaging Strategic Advisors
Monday, October 8, 2018 - 3:29pm | 414Lannett Company, Inc. (NYSE: LCI) announced Monday that it has engaged advisors to explore ways to address the company’s debt and capital structure. What Happened Lannett said in a press release it will be working with advisors to analyze ways to increase revenue, reduce costs and manage its...
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Here's What Alibaba's Recent Acquisitions Suggest About The Future Of The Economy
Friday, January 27, 2017 - 3:17pm | 812Alibaba Group Holding Ltd (NYSE: BABA) has been in the news recently, thanks to its stellar December quarter results. The third-quarter results revealed that it has a cash hoard, with $4.9 billion in non-GAAP free cash flow and $5.4 billion in operating cash flow. The rich cash flow position...
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Lazard's Business Trajectory 'Appears Stronger Than Valuation Appreciates,' Says JMP
Monday, February 23, 2015 - 12:51pm | 223In a report published Monday, JMP Securities analyst Devin Ryan reiterated a Market Outperform rating on Lazard Ltd (NYSE: LAZ) with a $62 price target, given a view that the company's business has been improving at a better rate than reflected in valuation. Ryan noted that shares of...
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Markets Close Higher Ahead Of Busy Earnings Season
Friday, July 11, 2014 - 4:40pm | 2373U.S. stocks rose ahead of next week's busy earnings schedule, but still finished lower for the week. On Tuesday, Yahoo! and Intel kick off earnings in the tech sector with eBay following on Wednesday. Investors will also see results from Citigroup, Goldman Sachs and JPMorgan Chase in the...
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New York Times: Lazard Part of the 'Big Boys Camp'
Friday, February 7, 2014 - 12:26pm | 284Lazard (NYSE: LAZ) is a New York City-based boutique broker dealer that provides research, sales & trading and underwriting. According to the New York Times, the company should be considered part of Wall Street's “big boys' camp.” On Wednesday, Lazard reported its fourth quarter results. The...
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Goldman Sachs And Other Top Financial Stock Picks For 2014 From Credit Suisse
Sunday, December 15, 2013 - 10:47am | 870Among the financial stocks that analysts at Credit Suisse expect to flourish in the coming year are private equity firms Apollo Global Management (NYSE: APO) and Blackstone Group (NYSE: BX), as well as investment broker giant Goldman Sachs Group (NYSE: GS) and asset manager State Street (NYSE: STT...
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Red Hat And Other Software Stocks That May Beat Revenue Estimates (RHT)
Thursday, August 22, 2013 - 1:28pm | 861Analysts at Lazard believe software makers Citrix Systems (NASDAQ: CTXS), NetSuite (NYSE: N) and Red Hat (NYSE: RHT) are well positioned to benefit from strong government spending in the current quarter and possibly to the end of the year. That should help them exceed consensus revenue estimates...
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Lazard Reiterates Buy on Marvell Technology
Monday, October 10, 2011 - 9:30am | 152Lazard is out with its report today on Marvell Technology (NASDAQ: MRVL), reiterating Buy. In its report, Lazard writes, "We recommend MRVL as a stock to own for the following reasons: 1) Upside from wireless exists as the company is positioning itself well in the opportunity around TD-SCDMA which...
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Lazard Maintains Buy on Micron Technology
Friday, September 30, 2011 - 9:28am | 106Lazard is out with its report today on Micron Technology (NYSE: MU), maintaining Buy. In its report, Lazard writes, "Results last night reflect our thesis that the stock is largely range bound in the near term, with significant upside potential once we see demand return to the DRAM mkt. While...
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UPDATE: Lazard Lowers PT on Cavium to $37
Friday, September 23, 2011 - 9:28am | 120Lazard is out with its report today on Cavium (NASDAQ: CAVM), lowering its PT from $40 to $37. In its report, Lazard writes, "CAVM lowered its 3Q revenue guidance yesterday from an increase of 2%-3% sequentially Q/Q ($73.4M at midpt) to a decrease of 4%-6% Q/Q ($68M at midpt) due to weakness in...
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Lazard Maintains Buy on Broadcom
Thursday, September 22, 2011 - 9:41am | 75Lazard is out with its report today on Broadcom (NASDAQ: BRCM), maintaining Buy. In its report, Lazard writes, "Our PT of $48 is 17x FY2011E PF EPS, a multiple that reflects BRCM's historical average. We believe that the current multiple remains attractive considering the risk-reward in owning a...
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Is OmniVision Technologies Getting Cut From The iPhone?
Friday, August 26, 2011 - 1:12pm | 632Shares of OmniVision Technologies (NASDAQ: OVTI) are plunging more than 30% today after the company guided sharply lower than expected, and many are wondering whether the company is being squeezed out of the iPhone, or perhaps Apple (NASDAQ: AAPL) is squeezing the margins of yet another supplier....