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Stock Market & Financial Investment News

News Breaks
June 18, 2014
12:04 EDTORCL, ADSK, MSFT, CRM, ADBEAdobe 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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August 20, 2015
15:41 EDTCRMSalesforce August 69 straddle priced for 8.1% movement into Q2
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14:42 EDTCRMNotable companies reporting after market close
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14:17 EDTCRMSalesforce technical comments ahead of earnings
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13:31 EDTMSFTMicrosoft could unveil Surface Pro 4 at October event, The Verge reports
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12:32 EDTMSFT, CRMEarnings Watch: Salesforce shares up fractionally since last earnings report
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11:49 EDTORCLOptions with increasing implied volatility
Options with increasing implied volatility: SRPT ACHN VIAV ZG RAD DIS ORCL SPY XLF OEX
09:25 EDTCRMSalesforce August volatility increases into Q2 and outlook
Salesforce August call option implied volatility is at 116, September is at 45; compared to its 52-week range of 25 to 59, suggesting large price movement into the expected release of Q2 results today.
08:32 EDTORCLOracle agrees to acquire Maxymiser
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08:12 EDTADSKAutodesk weakness post earnings should be bought, says Cowen
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08:02 EDTMSFTFCC to hold a conference and workshop
2015 Supplier Diversity Conference & Workshop is being held at FCC Washington, D.C. offices on August 20 at 9:30 am. Webcast Link
August 19, 2015
09:45 EDTMSFTMicrosoft dividend raise likely to be modest, says Citi
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08:01 EDTCRMSalesforce outlook has improved, says Oppenheimer
After conducting checks, Oppenheimer is more confident in Salesforce's business momentum. The firm thinks the company's business performed well at the end of Q2, as it closed a large number of big deals. Oppenheimer is upbeat on the outlook for Wave and says that a Fortune 500 company appears to be planning to increase its spending on the Salesforce1 platform. The firm says that the Fortune 500 company's decision has multiple positive implications for Salesforce. It reiterates an Outperform rating on the shares.
06:45 EDTMSFTMicrosoft in talks to buy Mesophere, The Information reports
Microsoft has made an approach to Mesophere to buy the cloud-computing software startup, The Information reports, citing two sources briefed on the talks. A deal that could be worth about $1B, the report says. Reference Link
06:31 EDTCRMSalesforce commercial business momentum moderating, says Jefferies
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August 18, 2015
10:58 EDTCRMSalesforce August volatility elevated into Q2 and outlook
Salesforce August call option implied volatility is at 96, September is at 44; compared to its 52-week range of 25 to 59, suggesting large price movement into the expected release of Q2 results on Aug 20.
08:01 EDTCRMSalesforce dip post earnings should be bought, says Canaccord
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August 17, 2015
16:00 EDTMSFTOptions Update; August 17, 2015
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09:38 EDTMSFTActive equity options trading on open
Active equity options trading on open: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT
09:14 EDTCRMSalesforce checks decent heading into Q2 results, says Brean Capital
Brean Capital said checks look decent for Salesforce.com heading into Q2 results. The firm expects difficult foreign exchange and macro headwinds but sees ongoing demand for Service Cloud with some large deals closing during the quarter. Brean Capital expects the shares to continue to perform well in the second half of the year and reiterated its Buy rating and $85 price target on Salesforce.com shares.
07:39 EDTMSFTTMC to hold a conference
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