New User:

-or-
Username:
Password:
Forgot your password?

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
Check below for free stories on ADBE;MSFT;ORCL;CRM;ADSK the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
August 14, 2014
16:09 EDTADSKAutodesk raises FY15 revenue growth view to 7%-9%
Subscribe for More Information
16:06 EDTADSKAutodesk reports Q2 EPS 35c, consensus 29c
Reports Q2 revenue $637.1M, consensus $603.39M. Reports billings increased 27% compared to the second quarter of fiscal 2014. Total subscriptions increased by approximately 74,000 from Q1
14:37 EDTADSKAutodesk August 55 straddle priced for 6.2% move into Q2
Subscribe for More Information
06:51 EDTADSKAutodesk August volatility increases into Q2 and outlook
Subscribe for More Information
August 13, 2014
16:03 EDTORCLOracle extends tender offer for MICROS to September 2
Subscribe for More Information
14:54 EDTMSFTEarnings Preview: Cisco reports following Deutsche upgrade, Pac Crest downgrade
Cisco Systems (CSCO) is scheduled to report fourth quarter results after the market close on Wednesday, August 13, with a conference call scheduled for 4:30 pm ET. Cisco, a member of the Dow Jones Industrial Average, sells Internet protocol-based networking and other products related to the communications and IT industry and provides related services. EXPECTATIONS: Analysts are looking for earnings per share of 53c on revenue of $12.14B, according to First Call. The consensus range for EPS is 51c-54c on revenue of $11.8B-$12.25B. Along with its last quarterly report, Cisco guided to Q4 adjusted EPS of 51c-53c and said it expects its revenue to be down 1% to 3% in the quarter compared to the prior year. At that time, the company also said it sees its FY14 adjusted EPS to come in at the higher end of its previously communicated $1.95-$2.05 range. LAST QUARTER: On May 14, Cisco reported third quarter adjusted EPS of 51c, beating the consensus analyst forecast of 48c. It's revenue came in at $11.5B, topping the $11.38B consensus forecast. Cisco reported a Q3 adjusted gross margin of about 62.7%. NEWS: On June 17, Cisco announced its intent to acquire privately held Tail-f Systems, whose products help service providers and enterprise IT organizations easily and cost-effectively implement applications, network services and solutions across networking devices. Upon completion of the acquisition, which is expected to be complete in Q4, Tail-f employees will join Cisco's Cloud and Virtualization Group. About two weeks later, tech blog Gigaom reported that Cisco has acquired British firm Assemblage for technology that uses real-time collaboration that does not require the user to download programs or plug-ins. On July 15, Cisco announced a multi-year sales and go-to-market agreement with Microsoft (MSFT) designed to modernize data centers through the delivery and acceleration of integrated solutions. Cisco and Microsoft will both invest in sales, marketing and engineering resources to drive global alignment, while delivering deeper technology integration across cloud and data center markets, the companies stated. STREET RESEARCH: On May 21, Northland said that after speaking with Cisco's management and attending Cisco Live, the firm believed that the company is taking share form Arista Networks (ANET), which has since come public. The firm added that it did not believe that Juniper (JNPR) has gained traction in data center switching and it recommended Cisco as a cyclical recovery play and a relative bargain to peers. About a week later, Deutsche Bank upgraded its rating on Cisco shares to Buy from Hold, citing expectations that the company's new product ramps in FY15 and FY16 will be stronger than expected. Deutsche said then that it saw upside to consensus estimates and raised its price target for Cisco shares to $30 from $25. On July 28, Pacific Crest downgraded its rating on Cisco shares to Sector Perform from Outperform, citing valuation and concern that the company's margin expansion could moderate in 2015. The firm believes Cisco shares are fairly valued at $26. Less than a week ago, Morgan Stanley said its checks indicate the enterprise market is improving. The firm said it expects Cisco's outlook to be conservative and said concerns over rapid software-defined networking adoption and margin impact are overblown. Morgan Stanley has an Overweight rating with a $30 price target on Cisco. PRICE ACTION: In the last three months, Cisco has advanced about 9.5%. In afternoon trading ahead of tonight's report, Cisco shares are down 0.5% to $25.01.
08:09 EDTCRMBofA/Merrill says to buy Salesforce.com heading into 2H
Subscribe for More Information
August 12, 2014
13:19 EDTMSFTSony says 10M PS4 consoles have been sold since launch, TechCrunch reports
Sony has sold 10M units of the PlayStation 4 consoles to consumers since its launch last year, TechCrunch reports, citing comments made by Sony Computer Entertainment Europe CEO Jim Ryan at Gamescom 2014. Reference Link
11:56 EDTCRMSalesforce.com weakness a buying opportunity, says Pacific Crest
Subscribe for More Information
08:03 EDTADSKAutodesk August volatility elevated into Q2 and outlook
Autodesk August call option implied volatility is at 81, October is at 34, January is at 31; compared to its 26-week average of 35 according to Track Data, suggesting large near term price movement into the expected release of Q2 results after the market close on August 14.
August 11, 2014
15:19 EDTMSFTMicrosoft schedules event likely focused on Lumia phones, WMPoweruser says
Subscribe for More Information
10:36 EDTCRMSalesforce.com August weekly volatility elevated into Q2 and outlook
Salesforce.com weekly call option implied volatility is at 59, September is at 40, October and November is at 35; compared to its 26-week average of 36 according to Track Data, suggesting larger near term price movement into the expected release of Q2 results after the market close on August 21.
06:35 EDTMSFTMicrosoft Devices unveils low-cost Nokia 130 phone
Subscribe for More Information
August 10, 2014
16:51 EDTADBECourt rejects $324M settlement in tech hiring conspiracy, NYT says
Subscribe for More Information
August 9, 2014
16:26 EDTORCLOracle sues Oregon over dispute with state's health-insurance exchange, WSJ says
Subscribe for More Information
August 8, 2014
16:16 EDTADBEU.S. judge rejects Apple, Google antitrust hiring accord, Bloomberg reports
Subscribe for More Information
08:42 EDTMSFTMicrosoft has made strong progress in cloud, says Pacific Crest
Subscribe for More Information
08:32 EDTMSFTVMware, others could benefit from increased cloud adoption, says Pacific Crest
Subscribe for More Information
August 7, 2014
06:33 EDTMSFTAnti-trust investigations in China reignite protectionism worries, Reuters says
Subscribe for More Information
06:19 EDTMSFTMicrosoft in talks to open Fifth Avenue store, Daily News reports
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