New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For ACN;ACN;ACN;CTSH;CTSH;CTSH;IBM;IBM;IBM;HPQ;HPQ;HPQ;WIT;WIT;WIT;INFY;INFY;INFY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
January 15, 2015
06:55 EDTHPQHP removed from short-term buy list at Deutsche Bank
Subscribe for More Information
January 14, 2015
10:00 EDTCTSHOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:04 EDTCTSHCognizant initiated with a Buy at Monness Crespi
Subscribe for More Information
08:34 EDTIBMIBM estimates lowered at BofA/Merrill
Subscribe for More Information
06:14 EDTHPQMediaTek: Worldwide tablet shipments rise at slower pace, DigiTimes says
Subscribe for More Information
January 13, 2015
17:55 EDTIBMIBM launches the z13 mainframe after $1B investment
IBM announced the z13 mainframe system, capable of processing 2.5B transactions per day and it is the first system to make real-time encryption of all mobile transactions at any scale. z13 speeds real-time encryption of mobile transactions to help protect the transaction data and ensure response times consistent with a positive customer experience. The system includes 500 new patents including cryptographic encryption technologies that enable more security features for mobile initiated transactions. The system culminates a $1B investment and five years of development.
12:48 EDTHPQOn The Fly: Midday Wrap
Subscribe for More Information
11:57 EDTHPQHP rises after PC report despite Pacific Crest downgrade
Shares of personal computer maker Hewlett-Packard (HPQ) are rising after research firm Gartner estimated that worldwide PC shipments had risen 1% last quarter. The advance comes despite research firm Pacific Crest having downgraded HP shares this morning. WHAT'S NEW: Worldwide shipments of PCs increased 1% last quarter, Gartner estimated. "These results indicate a slow, but consistent improvement following more than two years of decline," the firm wrote. The estimate suggests that PCs are not fading into oblivion, as some had predicted. Despite this news, research firm Pacific Crest downgraded HP to Sector Perform from Outperform in a note to investors today. HP is facing increased competition, as a number of companies are buying fewer individual servers and IT storage products, Pacific Crest analyst Brent Bracelin stated. Instead, they are buying integrated IT stacks. Ongoing technological trends could make this option more popular going forward, the analyst believes. Additionally, new data storage systems - including next wave systems with software-defined controls, cloud storage systems, and open sources systems - are growing rapidly and could increase the competitive pressure on HP, the analyst stated. Bracelin is less confident that HP's multiple can expand further going forward, he added. WHAT'S NOTABLE: Bracelin also downgraded NetApp (NTAP) to Sector Perform from Outperform for the same reasons that he cut his rating on HP. The analyst identified Tableau (DATA), F5 Networks (FFIV), Qlik Technologies (QLIK), and Nimble Storage (NMBL) as his favorite names in the IT infrastructure sector. F5 should benefit from earnings and multiple expansion as it carries out its security strategy, while Qlik is well-positioned to generate improved growth and margins, the analyst stated. Tableau and Nimble are poised to report better than expected results as their new products ramp up, Bracelin believes. OTHERS TO WATCH: Other companies that benefit from upbeat PC sales include Intel (INTC), Microsoft (MSFT), and hard disk drive makers Seagate (STX) and Western Digital (WDC). PRICE ACTION: In late morning trading, HP shares climbed 1.5% to $40.50.
10:00 EDTHPQOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:56 EDTCTSHCognizant resumed with an Overweight from Neutral at JPMorgan
Subscribe for More Information
07:04 EDTIBMFederal court confirms halt to sales of chips used by SanDisk, IBM, others
Subscribe for More Information
06:44 EDTHPQHP downgraded to Sector Perform from Outperform at Pacific Crest
Pacific Crest downgraded HP (HPQ) to Sector Perform citing valuation and rising competitive risks from hyperconvergence and new datastores. The firm lists Tableau (DATA), F5 Networks (FFIV), lik Technologies (QLIK) and Nimble Storage (NMBL) as its top names to own in the Cloud, Analytics & Data Infrastructure space. Pacific Crest also downgraded also NetApp (NTAP) to Sector Perform citing the same rationale as HP.
06:33 EDTIBMTeradata set to acquire Appoxee for about $20M, WSJ reports
Teradata (TDC) will buy Appoxee, a Tel Aviv-based mobile-marketing-automation startup, for around $20M, The Wall Street Journal reports, citing two sources. Teradata rival IBM (IBM) acquired Xtify, a mobile-marketing company, in 2013. Reference Link
06:30 EDTIBMCourt order bars sales of chips used by SanDisk and IBM, WSJ reports
Subscribe for More Information
January 12, 2015
16:50 EDTHPQGartner says worldwide PC shipments in Q4 grew 1%
Subscribe for More Information
11:51 EDTIBMIBM results seen being hurt by continued dollar strength
Subscribe for More Information
10:15 EDTINFYOptions with decreasing implied volatility
Options with decreasing implied volatility: NBIX APOL NPSP BBBY INFY JCP MU TIF
07:52 EDTIBMIBM to undertake biggest re-organization in company history, Register says
Subscribe for More Information
07:52 EDTIBMIBM price target lowered to $130 from $144 at Jefferies
Jefferies lowered its price target for IBM shares to $130 after cutting its estimates to reflect the strengthening of the dollar against almost every other major currency worldwide since the tech giant reported Q3 results. Jefferies believes consensus estimates for IBM need to come down as the company deals with enterprises increasingly allocating investments away from traditional Software and IT Outsourcing toward investments in Cloud, Mobile and and Social initiatives. The firm reiterates an Underperform rating on IBM.
07:35 EDTIBMNational Retail Federation to hold a trade show
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use