Trader’s Buzz: Synchronoss Technologies (SNCR), Advanced Energy Industries (AEIS), Staples (SPLS), JetBlue (JBLU)

Synchronoss Technologies, Inc. (SNCR) was downgraded by analysts at Robert W. Baird from a ‘Neutral’ rating to ‘Underperform’ rating in a research note issued on Wednesday. The firm also lowered its 12-month base case SNCR estimate to $42 from $47, citing the name’s stretched valuation at current levels. RWB recommends trimming positions.

Synchronoss shares recently lost $5.16, or 9.15% to $42.45. In the past 12 months, shares of Bridgewater, New Jersey-based cloud solutions provider have traded between a low of $25.28 and a high of $54.05.

Shares are up 45.29% year-over-year, and 53.23% year-to-date.

Advanced Energy Industries, Inc. (AEIS) today announced that Danny Herron, EVP and CFO, will step down after a transition period to pursue other opportunities. The company said it has initiated a search for his successor and Mr. Herron has agreed to continue in his role for such transition period.

Advanced Energy Industries shares recently lost $0.72, or 3.50%, to $19.81. On valuation measures, AEIS is currently priced at 11.33x this year’s forecasted earnings, which makes it relatively inexpensive compared to the industry’s 12.15x earnings multiple. The company’s current year and next year EPS growth estimates stand at 108.90% and 6.70% compared to the industry growth rates of 23.50% and 30.00%, respectively. AEIS has a t-12 price/sales ratio of 1.41. EPS for the same period registers at $1.75.

Advanced Energy shares have advanced 20.06% in the last 4 weeks and 8.17% in the past three months. Over the past 5 trading sessions the stock has lost 0.58%.

The Fort Collins, Colorado-based company, which is currently valued at $794.30M, has a median Wall Street price target of $19.50 with a high target of $28.00. AEIS is down 9.76% year-over-year and 0.19% year to date.

Staples, Inc. (SPLS) shares are up almost 10% to $13.96 in mid-day trading Wednesday following the company’s third quarter results ended November 1, 2014.  Staples said its Q3 EPS came in at $0.37 per share, excluding non-recurring items, $0.01 better than consensus estimate of $0.36. Revs printed $5.96B versus the $5.95B consensus.

For the fourth quarter of 2014, the company issued in-line guidance, saying it expects to achieve fully diluted non-GAAP EPS in the range of $0.27 to $0.32. The largest U.S. office supplies retailer also said it expects to record pre-tax charges in the range of $45M to $80M associated with restructuring and other related activities during Q4’14. For the full year, Staples expects to generate more than $800M of free cash flow, an increase from the company’s previous guidance of more than $600M.

SPLS shares recently gained $1.19 to $13.95. In the past 52 weeks, shares of Framingham, Massachusetts-based company have traded between a low of $10.70 and a high of $16.21.

Shares are down 17.20% year-to-date, compared with an 15.18% gain in the S&P 500.

Shares of JetBlue Airways Corporation (JBLU) were up more than 5% in Wednesday mid-day trading after the airliner announced a long-term plan to drive shareholder returns through new and existing initiatives aimed at enhancing the company’s product advantage and service-oriented culture while delivering improved financial results.

Jetblu said the revenue initiatives are expected to collectively generate more than $400M in annual operating income on a run rate basis beginning in 2017. Additionally, JBLU announced the deferral of 18 Airbus aircraft scheduled for delivery from 2016-2018 to 2022-2023 which will reduce capital expenditures by more than $900M through 2017 and allow the airline to optimize its fleet to better match capacity with demand.

JBLU shares recently gained $0.62 to $13.34. The Long Island City, NY-based airliner, currently valued at $3.82B, began trading this morning at $12.68.

Shares have traded intraday between $12.60 and a new 52 wk high of $13.48. JBLU is up 46.21% year-over-year, and 48.95% year-to-date.

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