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Stock Market & Financial Investment News

News For ACN;CTSH;IBM;HPQ;WIT;INFY From The Last 14 Days
Check below for free stories on ACN;CTSH;IBM;HPQ;WIT;INFY the last two weeks.
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April 17, 2014
17:54 EDTIBMInvestors should stay away from IBM for now, Barron's says
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16:45 EDTIBMMarket swings to gains in holiday-shortened week
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16:31 EDTIBMOn The Fly: Closing Wrap
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15:13 EDTWITWipro deal commentary encouraging but shares fairly valued, says Oppenheimer
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12:53 EDTIBMOn The Fly: Midday Wrap
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10:11 EDTINFYHigh option volume stocks: CMG INFY GOOGL GOOG SNDK MAT YHOO BX KSU GILD
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10:10 EDTINFYHigh option volume stocks: ORIG HST WY D VTR SLM ADI FSL INFY
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09:35 EDTIBMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GOOGL GOOG NFLX TSLA AMZN GOLG NOV AA IBM
09:13 EDTWITWipro reports Q4 EPS 15c, consensus 13c
Reports Q4 revenue $2.0B, consensus $1.90B.
08:58 EDTIBMOn The Fly: Pre-market movers
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08:46 EDTIBMIBM profit cycle has bottomed, says Cantor
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07:24 EDTIBMFutures lower as earnings disappoint
U.S. equity futures are lower following disappointing earnings reports from tech giants IBM (IBM) and Google (GOOG). Earnings will be taking center stage for the next few weeks Meanwhile, investors will continue to analyze economic data. Expected to be released today are weekly jobless claims data and the natural gas inventory report.
06:30 EDTIBMIBM price target raised to $197 from $175 at JPMorgan
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06:09 EDTIBMIBM unchanged outlook effectively a guide-down, says UBS
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06:06 EDTIBMIBM price target lowered to $173 at Goldman Sachs
Goldman Sachs says IBM reported "another tough quarter" on weakness in emerging markets and increasing competition in application outsourcing. The firm lowered its price target for shares to $173 from $175 and keeps a Neutral rating on the name.
April 16, 2014
18:55 EDTIBMOn The Fly: After Hours Movers
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17:55 EDTIBMIBM reports Q1 Global Services total signings $11.2B
Outsourcing signings were $5.5B, and transactional signings were $5.7B. Comments from presentation slides for Q1 earnings.
17:22 EDTIBMIBM says FY14 revenue growth to be impacted by hardware business challenges
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16:54 EDTIBMIBM says still expects to deliver at least $20.00 in operating EPS in 2015
FY15 consensus $19.86. Guidance from Q1 earnings conference call.
16:40 EDTIBMOn The Fly: Closing Wrap
Stocks on Wall Street were higher after Fed Chair Janet Yellen struck a dovish tone in comments to the Economic Club of New York, which was in step with the minutes of the last FOMC meeting released last week. The Fed also released its latest Beige Book report, which indicated that economic activity increased in most regions after the severe winter weather that gripped much of the country to start the year had let up. Corporate earnings season continues to pick up steam, with Dow members IBM (IBM) and American Express (AXP), as well as Google (GOOG), reporting after the market close. ECONOMIC EVENTS: In the U.S., housing starts in March were up 2.8% from the prior month to a rate of 946K, versus expectations for an increase of 7%. Building permits were down 2.4% to a 990K rate, versus expectations for a decline of 0.4%. Industrial production rose 0.7% in March, which was ahead of the 0.5% forecast. The Fed's Beige Book report indicated that economic activity rebounded and strengthened in most regions over the last six week. In China, data showed its economy grew 7.4% in the first quarter from a year earlier, providing relief after recent signs that growth in the world's second largest economy has been slowing. COMPANY NEWS: Bank of America (BAC) fell 26c, or 1.59%, to $16.13 after the bank reported a first quarter loss of 5c per share, largely due to $6B in legal charges. Excluding the impact of this litigation expense, which was related to a previously announced settlement with the Federal Housing Finance Agency and other legacy mortgage-related matters, the banking major reported earnings that appeared to beat estimates... Yahoo (YHOO) gained $2.14, or 6.26%, to $36.35 after its quarterly report, with investors reacting most positively to the 66% year-over-year revenue growth reported by Chinese e-commerce company Alibaba, in which Yahoo holds a 24% stake. Yahoo's quarterly profit and revenue also beat expectations and the company's CEO Marissa Mayer said during its earnings webcast that the search giant's core business has moved from declining growth to stable to modest growth. MAJOR MOVERS: Among the notable gainers was CBS Outdoor (CBSO), which jumped $1.94, or 6.69%, to $30.96 after the IRS approved a plan for the company, which was just last week spun-off from its parent CBS (CBS), to convert into a real estate investment trust, or REIT. Other companies seeking REIT status, including Equinix (EQIX), Iron Mountain (IRM) and Lamar Advertising (LAMR), also rose following CBS' announcement. Also higher was drugmaker Zogenix (ZGNX), up 48c, or 20.51%, to $2.82 after confirming that a judge prevented a ban on sales of the company's Zohydro pain medication in Massachusetts. Among the noteworthy losers were U.S.-listed shares of Credit Suisse (CS), which fell 54c, or 1.7%, to $31.22 after the Swiss bank reported net income and revenue that fell when compared to the prior year. Also lower were Agnico Eagle Mines (AEM) and Yamana Gold (AUY) after agreeing to jointly acquire Osisko Mining. Angico shares fell $2.61, or 8.56%, to $27.88, while Yamana was down 36c, or 4.3%, to $8.02. INDEXES: The Dow was up 162.29, or 1.0%, to 16,424.85, the Nasdaq was up 52.06, or 1.29%, to 4,086.23, and the S&P 500 was up 19.33, or 1.05%, to 1,862.31.
16:16 EDTIBMIBM reports Q1 cloud revenue up more than 50%
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16:16 EDTIBMIBM reports Q1 adjusted gross profit margin 47.6%, up 90bps
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16:15 EDTIBMIBM down more than 2% following Q1 results
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16:13 EDTIBMIBM reports Q1 Global Technology Services segment revenues down 3%
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16:11 EDTIBMIBM reports Q1 revenue from growth markets down 11%
Revenues from the company’s growth markets decreased 1%, down 5%, adjusting for currency. Revenues in the BRIC countries — Brazil, Russia, India and China — decreased 11%, down 6%, adjusting for currency.
16:10 EDTIBMIBM reports Q1 revenue from Software segment up 2%
Revenues from the Software segment were up 2% to $5.7B, up 2%, adjusting for currency, compared with the first quarter of 2013. Software pre-tax income decreased 5% and pre-tax margin decreased to 29.1%, including an impact of approximately $0.2B for the workforce rebalancing charge.
16:08 EDTIBMIBM sees FY14 adjusted EPS at least $18.00, consensus $17.84
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16:07 EDTIBMIBM reports Q1 adjusted EPS $2.54, consensus $2.54
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15:17 EDTIBMNotable companies reporting after market close
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15:17 EDTIBMIBM April 195 straddle priced for 3.6% move into Q1
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15:07 EDTIBMIBM technical comments ahead of earnings
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12:33 EDTIBMIBM sued for over $2.5B by Mexico's Iusacell, Reuters says
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12:30 EDTIBMEarnings Preview: Cantor more upbeat than Citi on IBM ahead of report
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11:36 EDTCTSHCognizant mentioned positively at Credit Suisse
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10:45 EDTINFYOptions with decreasing implied volatility: BBBY INFY RAD FDO
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10:28 EDTINFYHigh option volume stocks: DNR INFY FSL END SQQQ
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10:00 EDTWITOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: A10 Networks (ATEN) initiated with a Buy at BofA/Merrill... Actavis (ACT) initiated with a Buy at Sterne Agee... Allergan (AGN) initiated with a Buy at Sterne Agee... Autohome (ATHM) initiated with a Neutral at Credit Suisse... BitAuto (BITA) initiated with an Outperform at Credit Suisse... Centene (CNC) initiated with a Neutral at UBS... Endo International (ENDP) initiated with a Buy at Sterne Agee... FS Investment (FSIC) initiated with an Overweight at Evercore... Hertz (HTZ) initiated with a Buy at Gabelli... Hilton (HLT) initiated with a Hold at Jefferies... Hospira (HSP) initiated with a Neutral at Sterne Agee... ImmunoGen (IMGN) initiated with a Buy at Canaccord... Impax (IPXL) initiated with a Neutral at Sterne Agee... Imperva (IMPV) assumed with a Neutral at Wedbush... Ingredion (INGR) initiated with an Outperform at Credit Suisse... Laredo Petroleum (LPI) initiated with an Outperform at RW Baird... Lpath (LPTN) initiated with a Buy at Canaccord... MediWound (MDWD) initiated with an Outperform at Oppenheimer... Medivation (MDVN) initiated with a Hold at Canaccord... NPS Pharmaceuticals (NPSP) assumed with a Buy at Canaccord... Nimble Storage (NMBL) initiated with a Market Perform at Raymond James... Regeneron (REGN) initiated with a Buy at Canaccord... Salix (SLXP) initiated with a Buy at Sterne Agee... Sibanye Gold (SBGL) initiated with an Outperform at Imperial Capital... Teva (TEVA) initiated with a Neutral at Sterne Agee... Wipro (WIT) assumed with a Hold at Jefferies.
08:56 EDTIBMThe Hartford, IBM announce six-year technology services agreement
The Hartford (HIG) and IBM (IBM) announced a new six-year technology services agreement to implement a new service model that includes a private cloud infrastructure. The Hartford will move to a private cloud-based infrastructure on IBM’s PureFlex System. Under the $500M agreement, IBM will also provide a number of other services related to mainframe, storage, backup and resiliency. The Hartford will define the services it requires, and IBM will be responsible for the solution and delivery of those services.
08:25 EDTWITWipro assumed with a Hold at Jefferies
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07:07 EDTHPQ, IBMAmazon, Google, Microsoft cut prices for cloud computing products, WSJ says
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April 15, 2014
13:29 EDTINFYInfosys FY15 guidance less than expected, says Wells Fargo
Wells Fargo says Infosys' initial FY15 revenue growth and operating margin guidance came in less than expected. The firm said it lowered its already below consensus estimates and keeps a Market Perform rating on the stock. Wells cut its price target range for shares to $51-$53 from $55-$57.
11:23 EDTACN, CTSH, INFY, IBM, WITInfosys falls after quarterly revenue trails estimates
Shares of Infosys (INFY), which consults on business information technology and systems integration, are falling after the company's fourth quarter revenue trailed analysts' consensus estimate. WHAT'S NEW: This morning, Infosys reported fourth quarter earnings per share of 85c and revenue of $2.09B, compared to expectations of 79c and $2.11B, respectively. The company's CEO and Managing Director, S. D. Shibulal, said he was pleased that Infosys was able to double its growth rate for the full year compared to last year, though added that its performance in the last quarter of of the fiscal year had been "disappointing." The company noted that Infosys and its subsidiaries added 50 clients during the quarter and 238 during the year. Infosys forecast FY15 revenue growth of 7%-9%, compared to consensus of $9.06B. WHAT'S NOTABLE: Infosys said its board had decided to increase the dividend pay-out ratio to up to 40% of post-tax profits effective FY14. Infosys' current policy is to pay dividends up to 30% of post-tax profits. OTHERS TO WATCH: Like Infosys, Wipro (WIT) is an IT services and software solution consultant headquartered in India. Others in the business consulting space include Cognizant Technology (CTSH), IBM (IBM) and Accenture (ACN). PRICE ACTION: In late morning trading, Infosys fell $3.49, or about 6.3%, to $52.09 on nearly twice its average daily trading volume. Shares of Cognizant were down about 0.75% to $48.12, while Wipro was up about 2.6% to $13.56.
10:31 EDTINFYInfosys falls through support, levels to watch
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10:18 EDTINFYOptions with decreasing implied volatility: BBBY INFY STZ RAD
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10:00 EDTIBMOn The Fly: Analyst Downgrade Summary
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09:40 EDTINFYInfosys shares fall after earnings, levels to watch
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09:16 EDTINFYOn The Fly: Pre-market Movers
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08:35 EDTINFYInfosys sees FY15 revenue to growth 7%-9%, consensus $9.06B
08:34 EDTINFYInfosys board recommends final dividend of 43c
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08:33 EDTINFYInfosys reports Q4 liquid assets were $5B as on March 31
08:32 EDTINFYInfosys reports Q4 EPS 85c, consensus 79c
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08:06 EDTIBMIBM April volatility elevated at 55 into Q1
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06:54 EDTIBMIBM downgraded to Neutral from Buy at Citigroup
Citigroup downgraded its rating on IBM to Neutral from Buy citing valuation and lowered its price target for shares to $200 from $235.
06:14 EDTINFYInfosys raises dividend pay-out ratio to 40% of post-tax profits
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06:13 EDTINFYInfosys sees FY15 revenue up 7%-9%
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06:12 EDTINFYInfosys reports Q4 EPS 85c, consensus 79c
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06:06 EDTIBMIBM establishes new Big Data & Business Analytics Center of Competence in Greece
IBM has announced that it will establish a new Big Data and Business Analytics Center of Competence in Athens, Greece advancing its ability to deliver Big Data and Business Analytics technical and consulting capabilities in the region, drawing on an emerging generation of highly skilled local expertise. The new center will help companies to better leverage analytics and cognitive computing capabilities, improving business operations and enhancing their competitiveness in the global marketplace.
April 14, 2014
14:33 EDTINFY Infosys April 55 straddle priced for 7.6% move into Q4
12:39 EDTINFYInfosys April volatility elevated at 92 into Q4
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07:06 EDTIBMU.S. Geospatial Intelligence Foundation to hold a symposium
GEOINT 2013 Symposium, originally scheduled for October 2013, is being held in Tampa, Florida on April 14-17.
April 13, 2014
19:59 EDTIBMImperva faces competition from firms like IBM, F5 Networks, Bloomberg says
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April 11, 2014
09:15 EDTINFYInfosys CEO Shibulal to retire, board commences search
Infosys announced earlier today that its board has begun the search to select the successor to Mr. S. D. Shibulal, its CEO and Managing Director. Shibulal has expressed his desire to retire as the CEO and MD of the company and as a member of the board either on the date of the last board meeting before his superannuation - January 9, 2015 or when his successor is ready to assume office, whichever date is earlier. The board said it will short list and evaluate an internal slate of candidates with the assistance of Development Dimensions International The board has also appointed Egon Zehnder, an executive search firm, to assist in identifying an external slate of candidates.
07:57 EDTIBMIBM April volatility elevated at 37 into Q1
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07:15 EDTINFYInfosys hires headhunter to help with new CEO search , Bloomberg says
The nominations committee of Infosys' board has hired executive search firm Egon Zehnder to begin the search for a successor to CEO S.D. Shibulal, according to Bloomberg, citing an e-mailed statement from the software-services provider. Reference Link
April 10, 2014
14:24 EDTIBMAmazon Web Services CTO says ARM CPUs may be considered, The Register says
Amazon (AMZN) Web Services chief technology officer Werner told The Register that the company is “always looking for efficiency” and may consider using ARM (ARMH) CPUs in the future. Vogels said another processor architecture AWS has considered is IBM's (IBM) Power, the report noted. Reference Link
10:00 EDTHPQ, IBMOn The Fly: Analyst Initiation Summary
Apple (AAPL) initiated with a Buy at Deutsche Bank... Crocs (CROX) initiated with a Buy at Buckingham... Deckers Outdoor (DECK) initiated with a Buy at Buckingham... EMC (EMC) initiated with a Buy at Deutsche Bank... HP (HPQ) initiated with a Buy at Deutsche Bank... IBM (IBM) initiated with a Hold at Deutsche Bank... NeoPhotonics (NPTN) coverage resumed with a Market Perform at Raymond James... NetApp (NTAP) initiated with a Hold at Deutsche Bank... Nutrisystem (NTRI) initiated with a Buy at B. Riley... Questar (STR) initiated with an Underperform at BofA/Merrill... S&T Bancorp (STBA) initiated with an Outperform at Raymond James... STB Systems Inc (STBI) initiated with an Outperform at Raymond James... Skechers (SKX) initiated with an Underperform at Buckingham... Steven Madden (SHOO) initiated with a Buy at Buckingham... UGI Corporation (UGI) initiated with a Buy at BofA/Merrill... Web.com (WWWW) initiated with a Neutral at Buckingham... Ally Financial (ALLY) initiated with a Buy at BTIG... Visteon (VC) initiated with a Buy at Citigroup... Greatbatch (GB) initiated with a Buy at KeyBanc... Steris (STE) initiated with a Buy at KeyBanc... Cooper Companies (COO) initiated with a Hold at KeyBanc... Hill-Rom (HRC) initiated with a Hold at KeyBanc... Invacare (IVC) initiated with a Hold at KeyBanc... Teleflex (TFX) initiated with a Hold at KeyBanc... Provident Financial (PROV) initiated with a Market Perform at Keefe Bruyette... UMH Properties (UMH) initiated with a Hold at Wunderlich.
09:56 EDTHPQHP rallies after Gartner/IDC PC shipment data, levels to watch
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09:21 EDTHPQOn The Fly: Pre-market Movers
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09:06 EDTIBMIBM to acquire Atlanta-based software company Silverpop
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08:44 EDTIBMCLSA technology analysts hold an analyst/industry conference call
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08:01 EDTHPQPC market decline 'much less' than feared, says Citigroup
Citigroup says data yesterday from IDC showing a Q1 PC unit decline of 4% was "much less than feared." Citi continues to view HP (HPQ) as its top IT Hardware stock. It has a Buy rating on HP with a $40 price target.
06:56 EDTHPQHP estimates raised above consensus at Morgan Stanley
Morgan Stanley raised Overweight rated HP FY15-16 estimates above consensus to reflect a margin recovery in Enterprise Services. The firm's FY15 EPS estimate goes to $4.05 vs. consensus of $3.84 and price target is raised to $36 from $34.
06:55 EDTIBMIBM initiated with a Hold at Deutsche Bank
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06:55 EDTHPQHP initiated with a Buy at Deutsche Bank
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06:23 EDTHPQIDC says worldwide PC shipments totaled 73.4M units in Q1, down 4.4% y/y
Worldwide PC shipments totaled 73.4 million units in 1Q14, a decline of -4.4% year on year, according to the International Data Corporation Worldwide Quarterly PC Tracker. Although still in decline and with continuing weakness in consumer and emerging market segments, the preliminary results are slightly better than a projected decline of -5.3%. The U.S. market continued to stabilize with growth near zero – in line with forecasts. With shipments totaling 14.3 million PCs in 1Q14, the U.S. market contracted by -0.6% from the same quarter a year ago. Desktop shipments were slightly stronger, posting 3.5% growth, while portables remained in negative territory. Lenovo (LNVGY) preserved its lead in total worldwide PC shipments despite a seasonal drop due to the Chinese New Year. Growth in other regions continued at a solid pace although Latin America slowed after a dramatic expansion over the past year. HP (HPQ) remained in the number 2 position, with growth rising nicely to nearly 5% year on year. Dell grew over 9% in the first quarter.
05:40 EDTACNAccenture, SAP expand global alliance through first-of-its-kind agreement
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April 9, 2014
17:26 EDTHPQGartner says worldwide PC shipments in Q1 fell 1.7%
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12:20 EDTHPQHP announces $108M settlement with DOJ and SEC
HP announced a resolution of a U.S. Department of Justice and U.S. SEC investigation of potential violations of the Foreign Corrupt Practices Act. HP will pay approximately $108M to these two U.S. government agencies. HP also has agreed to undertake certain compliance, reporting and cooperation obligations.
10:16 EDTCTSHHigh option volume stocks: IMGN GTN RDA AXAS CTSH
09:44 EDTWITWipro upgraded to Buy from Hold at Societe Generale
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07:35 EDTACNAccenture makes minority investment in Crittercism, terms not disclosed
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06:48 EDTHPQSienkiewicz says HP to acknowledge 'corrupt' activities in Poland, Reuters says
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05:58 EDTHPQHP implied volatility of 27 at lower end of index mean range
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April 8, 2014
08:07 EDTACNAccenture to participate in a conference call with Cowen
Cowen Analysts Arnold and Katri, along with Accenture's Global Managing Directors Safavi and Birhanzel, discuss the Company's data analytics and outsourcing businesses on a conference call to be held on April 14 at 12 pm hosted by Cowen.
07:28 EDTIBMSecurity Innovation Network to hold a forum
IT Security Entrepreneurs Forum: ITSEF 2014 is being held in Mountain View, California on April 8-9.
April 7, 2014
10:10 EDTIBMAnalyst sees 'golden' opportunity after software stocks decline
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06:39 EDTHPQTwo HP executives arrested in Pakistan, WSJ reports
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April 5, 2014
11:24 EDTHPQHP could rise 20%, Barron's says
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