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NeuStar, Inc. (NSR)

- NYSE
  • Mon, Apr. 6, 4:34 PM
    • An April 1 deadline for a consortium of U.S. carriers (known as NAPM) to provide a notice of non-renewal to Neustar (NYSE:NSR) for 7 regional contracts covering local number portability management has come and gone without a notice being given, Neustar has disclosed in an 8-K.
    • With no notice given, the contracts are set to extend for a year beyond their current June 30 expiration date, with unchanged deal terms.
    • Neustar rallied above $27 following the news. Shares are now up 25% since the company announced a $150M buyback to coincide with the FCC's (expected) decision to begin negotiations with Ericsson/Telcordia to serve as its next local phone number portability administrator (replacing Neustar).
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  • Thu, Apr. 2, 3:20 PM
    • The the Nasdaq is up only fractionally ahead of the long weekend, the ranks of major tech gainers have easily outnumbered the ranks of major decliners today.
    • Today's notable gainers include Chinese online video site Youku (YOKU +4.5%), IP licensing firm VirnetX (VHC +6.7%), mobile payment-processing/telemetry services firm USA Technologies (USAT +5.8%), VoIP service provider magicJack (CALL +5%), LED/chip equipment firm Aixtron (AIXG +4.9%), Chinese jobs site 51job (JOBS +4.9%), grocery coupon site Coupons.com (COUP +4.5%), telecom services/analytics firm Neustar (NSR +3.2%), and LED/chip equipment vendors Veeco (VECO +2.7%) and Aixtron (AIXG +4.9%).
    • Youku is bouncing after having sold off to new 52-week lows in the wake of its Q4 numbers and an SEC inquiry disclosure. magicJack is recovering some of the big March losses seen after the company posted mixed Q4 results. Neustar is now up 19% since confirming a major contract loss and announcing a $150M buyback a week ago.
    • Previously covered: 500.com, AudioCodes, Renren, Expedia, Hutchison, ReneSola, Cheetah Mobile, Sungy Mobile, Yandex, Digital Ally
    • Notable decliners: Motorola Solutions, NeoPhotonics, TrueCar, Carbonite, Elephant Talk
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  • Fri, Mar. 27, 3:12 PM
    • Today's notable tech gainers include next-gen firewall leader Palo Alto Networks (PANW +3.5%), touchscreen tech developer UniPixel (UNXL +5.9%), solar microinverter leader Enphase (ENPH +5.8%), optical transport/switching hardware vendor Infinera (INFN +3.8%), telecom service/analytics provider Neustar (NSR +4.4%), and Chinese online classifieds leader 58.com (WUBA +4%). The Nasdaq is up 0.3%
    • There are relatively few major decliners today. The group includes Infinera rival Ciena (CIEN -4.5%), Chinese sports lottery site 500.com (WBAI -5.3%), and Chinese online video leader Youku (YOKU -3.4%).
    • Palo Alto is adding to Thursday gains seen amid a broader cybersecurity stock rally. Likewise, Enphase gained on Thursday following rival SolarEdge's IPO, Neustar gained after announcing a $150M buyback, and Infinera gained following a bullish MKM note.
    • Ciena is reversing the Tuesday gains seen after Stifel reported the company's share of a major Verizon 100G metro contract (has been officially announced) could be larger than expected. 500.com is giving back major Thursday gains; yesterday morning, SA Instablog author/former i-banker MNS Global reported hearing Chinese authorities are thinking of indefinitely extending recently-placed bans on online sports lottery sales, after uncovering corruption.
    • Previously covered: EMC, HP, Voxeljet, Skyworks, SuperCom, Stratasys, Qunar, Pandora, SanDisk
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  • Thu, Mar. 26, 12:19 PM
    • As was widely expected, the FCC has voted to begin negotiations with Ericsson's (NASDAQ:ERIC) Telcordia unit regarding a major local phone number-porting contract, after relying on Neustar (NYSE:NSR) to provide the service for 18 years. Neustar has responded to the news by once more blasting the FCC's selection process, and affirming its guidance for 1H15.
    • To soften the blow, the telecom data service provider has launched a $150M buyback that lasts until March 25, 2016. It's good for repurchasing 12% of shares at current levels. As of Dec. 31, Neustar had $329M in cash to pay for buybacks with, and $792M in debt.
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  • Fri, Mar. 6, 11:44 AM
    • In response to the FCC's staff recommendation that a major local phone-number porting contract go to Ericsson instead of Neustar (NYSE:NSR), S&P has downgraded Neustar's corporate credit rating to BB- (its lowest non-investment grade speculative rating) from BB.
    • S&P: "[T]he latest draft order by the bureau does not bode well for Neustar, whose current contract expires in June 2015, and could have a material adverse effect on the company since the contract accounts for about half of its revenue ... We believe that potential loss of the contract will result in leverage rising to more than 3.5x from 1.4x due to substantially lower EBITDA. Under such a scenario, financial policy would be a key ratings factor, including Neustar's ongoing level of share repurchases and longer-term refinancing risk."
    • Neustar is down 12% since the FCC staff recommendation came out. The company has issued a PR blasting the decision, as well as the broader selection process for the number-porting contract. The company had $329M in cash at the end of 2014, and $792M in debt.
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  • Wed, Mar. 4, 2:42 PM
    • Bloomberg reports the FCC has recommended a large and hotly-contested local phone number-porting contract go to Ericsson's (ERIC +0.4%) Telcordia unit rather than Neustar (NSR -16.2%). Neustar, whose existing contract expires on June 30, has nosedived in response.
    • Fears that Neustar would lose the contract were already running high following a June 2014 e-mail leak. At the time, Bloomberg noted Neustar has exclusively handled number-porting since 1997, and has generated over $3B in revenue from it.
    • Update: Neustar has released a statement on the FCC staff recommendation. It's not happy. "The LNPA vendor selection process has been botched procedurally. Awarding the contract to manage an essential U.S. telecommunications infrastructure to a foreign manufacturing and telecommunications concern that is not neutral and has substantial commercial arrangements with certain telecommunications carriers would compound the significant errors made in a process that has violated the Federal Advisory Committee Act and the Administrative Procedures Act."
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  • Aug. 22, 2014, 2:16 PM
    • Reuters reports Neustar (NSR +5.8%) has received interest from P-E firms, and is working with JPMorgan to review its options.
    • Sources add a formal sale process might not start until the winner of a major government phone number management contract is awarded. Neustar fell in June after an e-mail suggested Ericsson is close to landing the deal.
    • Shares have jumped above $30 on the report. They remain well below a 52-week high of $53.96.
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  • Jun. 9, 2014, 12:45 PM
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  • Jun. 9, 2014, 9:13 AM
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  • Jun. 6, 2014, 5:43 PM
    • An April 28 e-mail (just made public) from an advisory group suggests Ericsson (ERIC) is close to winning a major phone number contract currently held by Neustar (NSR).
    • The 5-year contract covers the transfer and management of 500M+ phone numbers, and will kick in after the current contract expires on June 30, 2015.  The FCC has the final say on who wins it.
    • Bloomberg observes Neustar has generated $3B+ in revenue from number-switching, which it has exclusively handled since 1997.
    • Ericsson has been trying hard to grow its telecom software/service exposure, and thus cut its dependence on a slower-growing, relatively low-margin mobile infrastructure market.
    • Ericsson bought top telecom billing and provisioning (OSS/BSS) software vendor Telcordia in 2011, and has made complementary acquisitions since. This week, it rolled out an analytics platform for its OSS/BSS solutions.
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  • Jun. 6, 2014, 5:38 PM
    • Top gainers, as of 5:15 p.m.: FDO +5.3%. POZN +3.9%. SPIL +3.7%. CPE +2.5%. MY +2.4%.
    • Top losers, as of 5:15 p.m.: NSR -9.1%. NADL -2.7%. CUR -2.4%. ENSV -1.7%. ANFI -1.7%.
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  • Apr. 16, 2014, 5:37 PM
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  • Jan. 30, 2014, 12:45 PM
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  • Jan. 30, 2014, 9:10 AM
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  • Mar. 22, 2012, 2:14 PM
    NeuStar (NSR +2.9%) gains on an upgrade to Outperform at Baird based on the Targus acquisition and future revenue and cross-selling opportunities. The firm also raises its price target to $45 from $39.
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  • Oct. 12, 2011, 11:06 AM
    Neustar (NSR) extends its gains from AH trading, now up 6.8%, after announcing a deal to acquire called ID provider Targus Information for $650M in a move the company forecasts will add $0.20 to its EPS. CEO Lisa Hook writes in a blog post: "We will be able to greatly extend Neustar’s ability to provide its customers services based on unique, non-replicable dataset."
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Company Description
NeuStar Inc is provider of real time information services & data analytics. It operates data registries & delivers actionable, data-driven insights that help clients make business decisions in real time.