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Stock Market & Financial Investment News

News Breaks
June 18, 2014
12:04 EDTADBE, MSFT, ORCL, CRM, ADSKAdobe hits 52-week high after Q2 results top expectations
Shares of diversified software company Adobe Systems (ADBE) hit a fresh 52-week high after the company's second quarter results exceeded analysts' consensus estimates. In addition, several research firms also raised their respective price targets on the shares. WHAT'S NEW: Last night, Adobe reported Q2 earnings per share of 37c and revenue of $1.07B, topping analysts' consensus estimates of 30c and $1.03B, respectively. Looking ahead, the company forecast third quarter EPS of 22c-28c and revenue of $975M-$1.025B, compared to consensus estimates of 27c and $1.02B, respectively. The company expects to add approximately $250M of Digital Media ARR in the quarter, with with Digital Media segment revenue declining sequentially. Adobe is targeting Adobe Marketing Cloud revenue to grow approximately 20% year-over-year and expects combined revenue with LiveCycle and Connect to decline sequentially. The company is targeting Print and Publishing segment revenue to be relatively flat. WHAT'S NOTABLE: In the second half of fiscal 2014, Adobe expects Creative Cloud adoption to continue to accelerate and expects to add around 1M net new Creative Cloud subsriptions, with sequential growth in each quarter. By year-end, Adobe sees achieving approximately 3.3M creative cloud subscriptions, 300,000 higher than its prior target of approximately 3M. Adobe is targeting Digital Media ARR to grow sequentially in Q4 to a total of $1.925B exiting the year, an increase over its prior annual target of $1.85B. ANALYST REACTION: This morning, four separate research firms -- Citigroup, UBS, RBC Capital, and RW Baird -- each raised their respective price targets on Adobe following its stronger than expected Q2 results. PRICE ACTION: In early afternoon trading, Adobe rose $5.13, or about 7.6%, to $72.67 on nearly twice its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $74.69. Including today's advance, the stock is up approximately 68% over the past 12 months. OTHERS TO WATCH: Microsoft (MSFT) is down almost 1% this afternoon and Salesforce.com (CRM) is down almost 1.5%. Meanwhile, Autodesk (ADSK) is up nearly 4% and Oracle (ORCL) is up almost 0.5%.
News For ADBE;MSFT;ORCL;CRM;ADSK From The Last 14 Days
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October 17, 2014
06:30 EDTMSFTNPD: Sony PlayStation4 outsells XBox One in September, GameSpot reports
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06:26 EDTMSFTSony says PS4 September's top-selling console
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October 16, 2014
07:57 EDTCRMSalesforce president lays out vision for quadrupling revenue, WSJ reports
Salesforce (CRM) president and vice chairman Keith Block outlined his plan to grow the company's annual revenue to $20B at the company’s annual Dreamforce conference, said The Wall Street Journal, which noted that Block specifically said, “We want to be bigger than SAP.” Block's strategy involves expansion in new product areas, adding new packages of software tailored to a handful of high-value industries, and expanding sales efforts outside of North America, the Journal reported. Reference Link
06:00 EDTMSFTMicrosoft says working with YouTube to reinstate content inadvertently removed
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October 15, 2014
11:47 EDTADBEPublicis acquires 3 Share, financial terms not disclosed
After recently forming a partnership with Adobe (ADBE), Publicis (PUBGY) announces the acquisition of 3 SHARE. Based in San Diego, 3 SHARE is a partner in Adobe's Business Plus Level Solutions. 3 SHARE will operate as part of DigitasLBi.
09:04 EDTMSFTMicrosoft partners with Docker for container applications
Microsoft and Docker Inc. announced a strategic partnership to provide Docker with support for new container technologies that will be delivered in a future release of Windows Server. Developers and organizations that want to create container applications using Docker will be able to use either Windows Server or Linux.
06:39 EDTMSFTChina's reponse to Xbox One 'chilly,' Business Insider reports
Sales of Microsoft's Xbox One in China began nearly two weeks ago, and signs indicate that the response has been "chilly," Business Insider reports. Reference Link
06:32 EDTMSFTTablet supply chains expect lagging orders in Q4, DigiTimes reports
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October 14, 2014
09:25 EDTMSFTMicrosoft may want to consider split, says BGC Financial
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06:46 EDTMSFTFirm indicates vulnerability in Microsoft Windows used by Russian hackers
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06:32 EDTMSFTMicrosoft says hit 1M registrants to test Windows 10 preview version
Microsoft says on its Windows blog that it hit 1M registrants for the Windows Insider Program to test the preview version of Windows 10. The company says it has received 200,000 items of user feedback. Reference Link
October 13, 2014
16:33 EDTMSFT, CRMMicrosoft and Salesforce.com unveil new joint solutions
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16:04 EDTMSFTSkullcandy announces two ASTRO headsets compatible with Xbox One
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14:35 EDTCRMSalesforce launches analytics cloud
Salesforce earlier today announced Wave, Salesforce Analytics Cloud. Wave is the first cloud analytics platform designed for every business user, making it easier than ever for anyone to explore data, uncover new insights and take action instantly from any device, the company stated. Companies can now quickly deploy sales, service and marketing analytics, or build custom mobile analytics apps, using any data source, Salesforce added.
13:10 EDTMSFTGoogle's Schmidt says Amazon is company's biggest search rival, FT reports
Eric Schmidt, the executive chairman of Google (GOOG), says Amazon (AMZN) is his company's biggest rival in search, not Bing (MSFT) or Yahoo (YHOO), the Financial Times reports. Schmidt also argued in Berlin that Google should not be regulated "as if it were the gatekeeper of the internet," given the influence of Amazon and Facebook (FB). Reference Link
10:43 EDTCRMSalesforce.com October volatility elevated into executive Q&A with Marc Benioff
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09:09 EDTMSFTMicrosoft Q1 results likely to beat expectations, says Bernstein
Bernstein believes that Microsoft's cloud business continues to grow, and it expects adoption of the company's cloud products to accelerate this quarter. The firm reiterates a $56 price target and Outperform rating on the shares.
07:38 EDTCRMSalesforce to hold a conference
Dreamforce 2014 is being held in San Francisco on October 13-16.
07:15 EDTMSFTNational Association of Corporate Directors to hold a conference
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October 12, 2014
17:20 EDTCRMGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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