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Stock Market & Financial Investment News

News For KEG;VVC;ELLI;CBS;LOGM;A From The Last 14 Days
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December 19, 2014
11:54 EDTLOGMRed Hat soars to 52-week high after beat and raise quarter
Shares of open source software solutions provider Red Hat (RHT) are rallying after the company’s third quarter results surpassed analysts’ consensus estimates and it raised its outlook for fiscal 2015. WHAT'S NEW: Last night, Red Hat reported Q3 adjusted earnings per share of 42c and revenue of $455.9M, topping analysts’ consensus estimates of 40c and $451.39M, respectively. Q3 subscription revenue was $395M, up 15% year-over-year, while operating cash flow of $133M was up 40% year-over-year. CFO Charlie Peters noted that strong performance in the quarter was driven by outstanding sales execution. He said, “performance this quarter with large deals was exceptional, setting new records in number of deals over $5M in a quarter and deals over $10M in a Q3.” Peters also announced his intention to retire in the next twelve months. WHAT’S NOTABLE: Looking ahead to Q4, Red Hat forecast EPS of 40c-41c and revenue of $456M-$459M, compared to consensus of 41c and $459.39M, respectively. The company raised its outlook for FY15 EPS to $1.57-$1.58 from $1.53-$1.55, versus consensus of $1.54. It also boosted the bottom end its FY15 revenue outlook to $1.78B-$1.79B from $1.77B-$1.79B, compared to the consensus of $1.78B. ANALYST REACTION: This morning, four research firms - Piper Jaffray, Stifel, UBS, and Oppenheimer - all raised their respective price targets on Red Hat. Each cited the company’s stronger than expected Q3 results. All four maintained a Buy or equivalent rating on the shares and among the four Oppenheimer took its price target up to the highest level, increasing its target on Red Hat to $80 from $74. PRICE ACTION: In late morning trading, Red Hat rose $6.98, or 11.4%, to $68.48 on nearly three times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $70.13. Including today's advance, the shares have gained approximately 40% over the past 12 months. OTHERS TO WATCH: Other companies in the software and cloud space include Oracle (ORCL), LogMeIn (LOGM) VMware (VMW), and Microsoft (MSFT).
10:35 EDTAOptions with increasing implied volatility
Options with increasing implied volatility: ARCP RCAP GREK RSX A
10:17 EDTELLIOn The Fly: Analyst Initiation Summary
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07:42 EDTCBSEPAM, WisdomTree added to Franchise Pick list at Jefferies
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06:14 EDTELLIEllie Mae initiated with an Outperform at RBC Capital
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December 18, 2014
11:08 EDTAOptions with increasing implied volatility
Options with increasing implied volatility: CZR RSX HLF YPF ARCP MGM A MCD
06:04 EDTKEGKey Energy upgraded to Outperform from Sector Perform at RBC Capital
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December 16, 2014
17:09 EDTVVCVectren says looking forward sees earnings growth of 5%-7% up from 4%-5%
The company said in a slides presentation that "Looking forward, expect consolidated earnings growth of 5%-7%, previously 4%-5% on base year of 2014 and dividend payout target of 60%, previously 65%."
17:04 EDTVVCVectren sees FY15 EPS $2.44-$2.55, consensus $2.47
Guidance taken from company slides presentation.
08:29 EDTCBSComcast to launch online live stream of NBC, WSJ reports
Comcast's (CMCSA) NBC is launching a live stream of its broadcast network online today and plans for it to be available on mobile platforms early next year, but NBC does not plan to sell a separate online version without requiring a pay-TV subscription, unlike peers CBS (CBS) and Time Warner’s (TWX) HBO, said The Wall Street Journal. Reference Link
December 15, 2014
16:09 EDTLOGMLogMeln names Edward Herdiech as CFO
LogMeIn announced the promotion of Edward Herdiech to CFO and treasurer, effective January 15th, 2015. Having joined LogMeIn in 2006, Herdiech currently serves as the company's senior vice president of finance and principal accounting officer. Current LogMeIn CFO Jim Kelliher has resigned from his position to pursue an executive role at a Boston-area technology startup. Kelliher, who has served as CFO since May 2006, will assist Herdiech during the transition.
December 12, 2014
06:17 EDTCBSTime Warner CEO talks potential mergers in media space, NY Post reports
Time Warner CEO Jeff Bewkes discussed the potential of a merger with CBS (CBS) and Viacom (VIA) at yesterday's DealBook conference, New York Post reports. Bewkes said, "They may want to be a merger partner for somebody or maybe even for themselves."Reference Link
December 11, 2014
15:29 EDTCBSCBS extends contract with CEO Moonves through June 2019
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09:33 EDTELLIEllie Mae management to meet with Needham
Meetings to be held in San Diego/Los Angeles on December 18 hosted by Needham.
06:24 EDTCBSDISH plans to leave broadcast channels out of basic online TV package, WSJ says
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December 9, 2014
15:03 EDTCBSDiscovery Communications rises after CEO sees outperforming U.S. peers
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10:44 EDTELLIEllie Mae management to meet with Oppenheimer
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06:48 EDTCBSAnalysts say Netflix undermining TV ad revenue, NY Times reports
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December 8, 2014
10:00 EDTCBSOn The Fly: Analyst Initiation Summary
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07:23 EDTCBSUBS to hold a conference
42nd Annual Global Media & Communications Conference is being held in New York on December 8-10 with webcasted company presentations to begin on December 8 at 8 am; not all presentations may be webcasted. Webcast Link
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