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CUB

Cubic

$45.02

0.38 (0.85%)

07:04
10/13/16
10/13
07:04
10/13/16
07:04

Cubic sees FY16 preliminary revenue $1.44B-$1.46B, consensus $1.52B

Sees FY16 GAAP EPS below guidance of 85c-$1.00, consensus 92c. Sees FY16 adjusted EBITDA $112M-$120M vs. previous guidance of $130M-$145M. Revenue, adjusted EBITDA and GAAP EPS were lower than expected in Q4 mainly due to funding delays from the U.S. Department of Defense, specifically for higher margin orders in the Mission Solutions and Training Systems businesses within the defense systems segment.

CUB Cubic
$45.02

0.38 (0.85%)

06/08/16
06/08/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: Koppers Holdings (KOP) initiated with an Outperform at Barrington with analyst Rudolf Hokanson saying the shares offer a "unique opportunity to participate in a transformation of an established company." 2. Zebra Technologies (ZBRA) initiated with a Neutral at Goldman with analyst Matthew Cabral noting he is concerned by recent margin weakness and see risks from consumer devices in certain use cases. 3. QEP Resources (QEP) initiated with a Buy at Drexel Hamilton. 4. Liberty SiriusXM (LSXMA) initiated with a Buy at Deutsche Bank. 5. Cubic (CUB) initiated with a Buy at Canaccord. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/01/16
NEED
08/01/16
UPGRADE
NEED
Buy
Cubic upgraded to Buy from Hold at Needham
08/01/16
NEED
08/01/16
UPGRADE
Target $48
NEED
Buy
Cubic upgraded to Buy at Needham ahead of results
As previously reported, Needham analyst James Ricchiuti upgraded Cubic to Buy from Hold with a $48 price target ahead of the company's Q3 results. While the analyst expects there to be noise in the numbers from several factors, he sees it as already priced into the stock and believes investors should be focused on the improving profitability of the defense business in the next few quarters. Additionally, Ricchiuti sees a "meaningful catalyst" emerging in the Transportation business as Cubic appears "well positioned" to secure several high-profile contracts.
10/06/16
ADAM
10/06/16
NO CHANGE
Target $54
ADAM
Buy
Cubic price target raised to $54 from $50 at Canaccord
Canaccord analyst Ken Herbert raised his price target on Cubic to $54 from $50. The analyst said company focus remains on top-line growth in 2017 with the potential NY CTS contract win as the key catalyst, along with margin improvement. Herbert reiterated his Buy rating on Cubic shares.

TODAY'S FREE FLY STORIES

WIT

Wipro

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-0.11 (-1.87%)

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WIT

Wipro

$5.77

-0.11 (-1.87%)

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CFG

Citizens Financial

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-0.08 (-0.17%)

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JAPAF

Japan Tobacco

$32.91

-0.29 (-0.87%)

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CFG

Citizens Financial

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-0.08 (-0.17%)

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PM

Philip Morris

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, MO

Altria Group

$70.03

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Philip Morris

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CFG

Citizens Financial

$45.76

-0.08 (-0.17%)

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SYF

Synchrony

$37.30

-0.76 (-2.00%)

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MO

Altria Group

$70.03

-0.12 (-0.17%)

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JBHT

J.B. Hunt

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0.8 (0.66%)

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EADSY

Airbus

$27.68

0.175 (0.64%)

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UAL

United Continental

$76.30

-0.28 (-0.37%)

, DAL

Delta Air Lines

$59.45

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UAL

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DAL

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AAL

American Airlines

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LQ

La Quinta

$20.18

0.73 (3.75%)

, WYN

Wyndham

$122.73

5.6 (4.78%)

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LQ

La Quinta

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5.6 (4.78%)

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GE

General Electric

$16.77

-0.58 (-3.34%)

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GOOG

Alphabet

$1,129.79

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, GOOGL

Alphabet Class A

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TCEHY

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BX

Blackstone

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WNS

WNS Holdings

$45.28

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SOGO

Sogou

$11.47

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RXN

Rexnord

$27.56

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TRS

TriMas

$26.78

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CGNX

Cognex

$68.27

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  • 15

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UN

Unilever; also tag UL

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Unilever; also tag UN

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AXP

American Express

$99.86

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AMZN

Amazon.com

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AMZN

Amazon.com

$1,293.32

-1.68 (-0.13%)

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