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Stock Market & Financial Investment News

News Breaks
May 16, 2014
10:29 EDTADSK, FOSL, EBIX, KATEOptions with decreasing implied volatility: ADSK FOSL EBIX KATE EPI
News For ADSK;FOSL;EBIX;KATE From The Last 14 Days
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September 17, 2014
12:01 EDTADSKAdobe falls after Q4 revenue outlook trails consensus
Shares of creative software maker Adobe Systems (ADBE) are falling after it guided to fourth quarter revenue below analysts' consensus view. WHAT'S NEW: Last night, Adobe reported Q3 adjusted earnings per share of 28c and revenue of $1.005B, compared to analysts' consensus estimates of 26c and 1.02B, respectively. Adobe exited Q3 with 2.81M creative cloud subscriptions, a sequential increase of 502,000. WHAT'S NOTABLE: Adobe forecast Q4 adjusted EPS of 26c-32c, versus consensus of 31c. The company sees Q4 revenue of $1.025B-$1.075B, below the consensus forecast of $1.09B. The company expects net new creative cloud subscriptions to grow sequentially in Q4 to slightly exceed its target of 1M. ANALYST REACTION: This morning, analyst commentary was positive, with several firms recommending buying shares of Adobe on any weakness. Research firm Stern Agee was among them, stating that Adobe's revenue miss was driven by a shift of perpetual licenses to term contracts. Sterne Agee said that Adobe's deferred revenue outperformed, which should give long-term investors confidence in the name. It believes the long-term transition story is intact, and expects upside to revenues in FY15. The firm kept a Buy rating on the shares with a price target of $85. Two other firms, JMP Securities and BofA Merrill Lynch also recommended buying Adobe amid its post-earnings weakness. PRICE ACTION: Near noon, Adobe fell $2.74, or nearly 4%, to $68. Despite today's pull-back, the shares have gained about 40% over the past 12 months. ANOTHER TO WATCH: Autodesk, (ADSK), which also serves software customers in the digital media and entertainment industries, is down fractionally to $54.54.
10:00 EDTKATEOn The Fly: Analyst Initiation Summary
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07:17 EDTKATEKate Spade initiated with a Buy at Wunderlich
Target $36.
September 15, 2014
16:12 EDTFOSLGlenview Capital Management reports 6.15% passive stake in Fossil
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September 11, 2014
10:49 EDTADSKHigh option volume stocks
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September 10, 2014
11:37 EDTFOSLGarmin bounces back, Fossil continues slide after Apple Watch unveiled
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08:55 EDTFOSLFossil risk increased by Apple Watch, says Sterne Agee
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06:31 EDTFOSLFossil risk/reward attractive after Apple Watch news, says Jefferies
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September 9, 2014
14:09 EDTFOSLFossil down 3% after Apple confirms launch of Apple Watch
Shares of watchmaker Movado (MOV) are also down 1.6% as Apple's (AAPL) launch event continues.
September 8, 2014
06:21 EDTFOSLSmartwatch market to reach $10B by 2018, says Citigroup
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September 5, 2014
16:12 EDTFOSLFossil, Intel announce collaboration to develop innovation in wearable tech
Fossil Group (FOSL) and Intel Corporation (INTC) announced that they will be collaborating to further develop wearable technology for the fashion industry. Fossil Group will partner with Intel to identify, support and develop emerging trends in the wearable technology space. The companies will work together on emerging products and technologies that will be developed for the fashion-oriented consumer. In addition, Fossil Group will work closely with Intel Capital, Intelís global investment organization, to identify and evaluate co-investments in emerging technologies to accelerate industry innovation and stay at the forefront of the wearable consumer trend.

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