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Stock Market & Financial Investment News

News Breaks
June 18, 2014
12:04 EDTADSK, MSFT, CRM, ADBE, ORCLAdobe 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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December 11, 2014
10:17 EDTMSFTCiti upbeat on Google in face of pending Apple decision on Safari
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08:53 EDTMSFTBritain lays out details for proposed 25% 'Google Tax,' WSJ reports
U.S. technology giants such as Google (GOOGL, GOOG), Facebook (FB), Microsoft (MSFT) and Apple (AAPL) have come under fire in Britain for the relatively small corporate taxes they pay there and the U.K. government detailed plans for a new 25% tax on profits of multinational technology and other companies, reported The Wall Street Journal. Reference Link
08:09 EDTMSFTGoogle shares pricing in loss of Apple search deal, says Citigroup
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December 10, 2014
13:10 EDTCRMSalesforce.com management to meet with FBR Capital
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10:53 EDTCRMSalesforce.com calls active on activist investor speculation
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10:05 EDTCRMRumor: Salesforce.com moves up on activist investor speculation
09:22 EDTMSFTMicrosoft management to meet with Pacific Crest
Meeting to be held on the West Coast on December 12 hosted by Pacific Crest.
09:20 EDTMSFTTyler Technologies signs agreement with Albermarle County Service Authority
Tyler Technologies (TYL) has signed an agreement with the Albemarle County Service Authority to implement Microsoft Dynamics AX, an enterprise resource planning solution with public sector functionality that Tyler Technologies jointly developed with Microsoft (MSFT). The contract includes implementation and related professional services, support, and training.
08:00 EDTADBEAdobe December volatility increases into Q4 and outlook
Adobe December call option implied volatility is at 46, January is at 29, April is at 27; compared to its 26-week average of 29 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on December 11.
December 9, 2014
07:24 EDTADBEAdobe December volatility elevated into Q4 and outlook
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06:27 EDTMSFTSamsung, white-box makers to benefit from Microsoft Mobile exit, DigiTimes says
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06:00 EDTCRMSalesforce.com names YouTube CEO Susan Wojcicki to board
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December 8, 2014
13:21 EDTMSFTMicrosoft files appeal in case on customer data in Ireland
Microsoft said on its blog that it has filed an appeal in its ongoing case challenging a U.S. government search warrant for customer data stored in Ireland. Microsoft said it filed the appeal after a U.S. district court judge rejected the company’s argument that the warrant is illegal because it calls for the seizure of emails stored outside the United States. Reference Link
12:40 EDTMSFTOn The Fly: Midday Wrap
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10:44 EDTMSFTDigital River grants Microsoft extestion to decide on renewing pact
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10:04 EDTMSFTAccenture and Microsoft launch hybrid cloud platform
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07:28 EDTCRMFBN Securities to hold a bus tour
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December 5, 2014
16:52 EDTMSFTDow just below 18K as market finishes week with gains
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07:46 EDTMSFTCIO survey results favorable for Microsoft, says Pacific Crest
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07:17 EDTORCLOracle December volatility elevated into Q2 and margin outlook
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