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Stock Market & Financial Investment News

News Breaks
August 1, 2014
07:57 EDTAAPL, CMCSA, AKAM, LLNW, LVLTApple content delivery network live with 'massive capacity,' Streamingmedia says
Apple (AAPL) is now delivering some of their own content directly to consumers as its CDN, or content delivery network, has gone live in the U.S. and Europe, according to Streamingmedia.com. Apple has interconnect deals in place with multiple Internet service providers, including Comcast (CMCSA), and has put a "massive amount of capacity" in place, the report added. Other companies that provide content delivery services include Akamai (AKAM), Limelight Networks (LLNW) and Level 3 (LVLT). Reference Link
News For AAPL;CMCSA;AKAM;LLNW;LVLT From The Last 14 Days
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October 16, 2014
14:03 EDTAAPLApple says iPad Mini 3 is $399 for 16GB, $499 for 64GB, $599 for 128GB
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14:02 EDTAAPLApple announces iPad Mini 3
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14:02 EDTAAPLApple says iPad Air 2 is $499 for 16GB, $599 for 64GB, $829 for 128GB
This comment was taken from the Apple Event.
13:53 EDTAAPLApple says new iPad Air 2 has TouchID
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13:42 EDTAAPLApple announces iPad Air 2
13:40 EDTAAPLApple reports OS X Yosemite available today as free upgrade
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13:39 EDTAAPLApple says over 225M iPads sold
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13:36 EDTAAPLApple says iOS 8.1 available for download Monday
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13:36 EDTAAPLApple says Yosemite OS X available today for free
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13:15 EDTAAPLApple says Apple Watch to ship early next year
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13:10 EDTAAPLApple says 500 new banks adding support for Apple Pay
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13:09 EDTAAPLApple says iPhone preorders in China have set a new record
13:09 EDTAAPLApple says iPhone 6/6 Plus launch was biggest ever
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12:52 EDTLLNW, LVLT, AKAMAkamai retreats after Wells cuts rating on traffic trends
Shares of Akamai (AKAM) are falling after Wells Fargo downgraded the stock to Market Perform from Outperform, saying its research indicates the company's traffic has been moderating in recent weeks. Akamai provides services for the delivery of content over the Internet. WHAT'S NEW: The amount of video and audio streaming being handled by Akamai has slowed during the first two weeks of October when compared with the third quarter, Wells Fargo wrote in a note to investors today. Although Akamai's revenue growth does not correlate directly with changes in the traffic it handles, traffic trends have provided indications about the direction of the company's revenue growth in the past, the firm stated. Additionally, Akamai is facing tough comparisons this quarter, and its international business will be hurt by the strong dollar, the firm contended. Wells predicted the company's 2014 and 2015 earnings would miss expectations and cut its price target range on the name to $57-$61 from $70-$75. OTHERS TO WATCH: Limelight Networks (LLNW) and Level 3 Communications (LVLT) also provide Internet content delivery services. PRICE ACTION: In early afternoon trading, Akamai fell 3% to $53.
10:01 EDTAKAMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Akamai (AKAM) downgraded to Market Perform from Outperform at Wells Fargo... CGG SA (CGG) downgraded to Reduce from Neutral at Nomura... Central Valley Community (CVCY) downgraded to Hold from Buy at Sandler O'Neill... DSM (RDSMY) downgraded to Neutral from Buy at Nomura... Disney (DIS) downgraded at Guggenheim... Francesca's (FRAN) downgraded to Underperform from Outperform at Macquarie... Netflix (NFLX) downgraded to Fair Value from Buy at CRT Capital... Nordstrom (JWN) downgraded to Neutral from Outperform at Macquarie... Norfolk Southern (NSC) downgraded at Credit Suisse... Rio Tinto (RIO) downgraded to Market Perform at Cowen... Seadrill (SDRL) downgraded to Reduce from Neutral at Nomura... Ternium (TX) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Neutral from Outperform at Macquarie... Viacom (VIAB) downgraded at BofA/Merrill... eBay (EBAY) downgraded to Underperform from Buy at CLSA... lululemon (LULU) downgraded to Underperform from Neutral at Macquarie.
09:46 EDTAAPLApple October weekly volatility elevated into iPad event and Q4
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09:39 EDTAAPLActive equity options trading on open
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08:06 EDTAAPLAlmunia says political pressure around Google case 'unprecented,' WSJ reports
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07:48 EDTAAPLSony must decide quickly what to do with smartphone strategy, Nikkei says
Sony's (SNE) "One Sony" strategy is built around providing contents to consumers and smartphones are one of three pillars it sees for growth, but the strategy is "on the brink of collapse" as the company falls behind Apple (AAPL) and Chinese rivals, according to the Nikkei Asian Review. Sony officials are debating whether smartphone operations in Asia should be downsized and whether cutting 1,000 jobs, or 15% of its mobile communications workforce, would be warranted, according to the report. Reference Link
05:29 EDTAKAMAkamai downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Akamai to Market Perform citing a slowdown in the company's video and audio streaming traffic during the first two weeks of October. The firm believes 2015 revenue estimates are too high and lowered its price target range for shares to $57-$61 from $70-$75.
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