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Stock Market & Financial Investment News

News Breaks
August 23, 2012
15:04 EDTMENT, CRM, ARUN, UEPS, ADSKCompanies reporting After the Market Close on Thursday, August 23
Notable companies reporting after the bell include Autodesk (ADSK), Aruba Networks (ARUN), Mentor Graphics (MENT), Net 1 UEPS Technologies (UEPS) and Salesforce.com (CRM).
News For ADSK;ARUN;MENT;UEPS;CRM From The Last 14 Days
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August 28, 2015
10:13 EDTADSKHigh option volume stocks
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09:23 EDTADSKOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Big Lots (BIG), up 11.1%... Smith & Wesson (SWHC), up 4.8%... Splunk (SPLK), up 3%... Freeport-McMoRan (FCX), up 14.3% after Carl Icahn reported a 8.46% stake in the company... United Continental (UAL), up 5.8% after being added to S&P 500... Activision Blizzard (ATVI), up 5.8% after being added to S&P 500... DOWN AFTER EARNINGS: Violin Memory (VMEM), down 23.9%... bebe stores (BEBE), down 19.8%... Autodesk (ADSK), down 4.2%... Aeropostale (ARO), down 4%. ALSO LOWER: Peabody Energy (BTU), down 6.6% after Moody's downgraded the company to Caa1.
07:34 EDTADSKAutodesk price target lowered to $65 from $70 at Canaccord
Canaccord lowered its price target on Autodesk to $65 from $70 following Q2 results. The firm cited its in-line revenues and earnings that were at the high end of guidance, but said subscriber counts were less than expected. Canaccord maintained its Buy rating on Autodesk, as they believe the company is making important steps that will evolve the business into a more predictable, higher margin one.
07:26 EDTADSKAutodesk subscription model acceleration should help shares, says JPMorgan
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August 27, 2015
18:52 EDTADSKOn The Fly: After Hours Movers
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16:29 EDTADSKAutodesk shares fall 7.5% following earnings report
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16:09 EDTADSKAutodesk sees shift to new subscription types, says refining plans
"We continue to see customers adopt our new model subscription offerings... For the past two years we've been preparing for this transition and we're now ready to accelerate the process... As a reminder, Autodesk is undergoing a business model transition in which the company will discontinue selling new perpetual licenses in favor of subscriptions and flexible license arrangements. During the transition, billings, revenue, gross margin, operating margin, EPS, deferred revenue, and cash flow from operations will be impacted as more revenue is recognized ratably rather than up front and as new offerings bring a wider variety of price points... Looking at 2H, we are maintaining our billings and subscriptions outlook but we're now expecting a greater portion of our sales to shift from perpetual licenses to new subscription types. Since the revenue from these new subscription types is deferred and recognized ratably we have revised our revenue, operating margin and EPS outlook for the year. Looking beyond this year, we are currently refining our plans around the pace and timeframe for the business model transition," said the company.
16:06 EDTADSKAutodesk sees FY16 adjusted EPS 60c-72c, consensus $1.04
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16:05 EDTADSKAutodesk sees Q3 adjusted EPS 5c-10c, consensus 24c
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16:04 EDTADSKAutodesk reports Q2 adjusted EPS 19c, consensus 17c
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16:02 EDTADSKAutodesk to acquire Internet of Things company SeeControl
Autodesk has signed an agreement to acquire SeeControl, a San Francisco-based developer of an enterprise Internet of Things cloud service platform. "The acquisition of SeeControl is the first step on Autodesk's ongoing efforts to develop new technologies and solutions that will help our customers leverage the Internet of Things, starting by enabling them to capture, analyze, and utilize data from their products," said Autodesk. Autodesk intends to continue to sell and support the SeeControl platform and to incorporate the technology into design solutions for the manufacturing and building industries. Autodesk also plans to develop a new IoT solution based on the SeeControl technology that will allow companies to gain "real world insights" of how their products perform. This transaction is expected to close during Autodesk's fiscal quarter ending October 31. Terms were not disclosed. This transaction is expected to have no impact on Autodesk's guidance issued August 27.
16:01 EDTADSKAutodesk trading halted, pending news
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15:56 EDTCRMSalesforce upgraded to Outperform from Neutral at Exane BNP Paribas
15:08 EDTADSKAutodesk September 50 straddle priced for 9.1% movement into Q2
14:58 EDTADSKNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Autodesk (ADSK), consensus 17c... ULTA Beauty (ULTA), consensus $1.12... Splunk (SPLK), consensus 2c... GameStop (GME), consensus 25c... Veeva (VEEV), consensus 11c... OmniVision (OVTI), consensus 39c... Aeropostale (ARO), consensus (55c).
12:09 EDTADSKAutodesk technical notes ahead of earnings news
In the context of a longer-term chart, there is a major topping process underway in the shares. For the current earnings report this is an issue as price is very close to the $50 level. A move below $50 on negative news would confirm the long-term topping process was underway. Next support levels to watch as potential downside objectives would be at $47.86, $44.76, and $42.49. If the news is a bullish surprise, the topping process would become less of an issue as long as price reacts up from the $50 area. Next resistance levels of note would be at $51.70, $55.41, and $57.59.
August 26, 2015
06:44 EDTCRMWorkday valuation contingent on competitors in cloud market, WSJ reports
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August 25, 2015
18:58 EDTCRMSalesforce paid roughly $57M for three startups this year, BI says
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14:20 EDTCRMFormer JPMorgan analyst charged in $600,000 insider trading scheme
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13:42 EDTADSKAutodesk volatility elevated into Q2 and outlook
Autodesk September call option implied volatility is at 46, October is at 40, January is at 35; compared to its 52-week range of 21 to 48, suggesting large near term price movement into the expected release of Q2 results on August 27.
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