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News Breaks | | | | January 2, 2013 | | 07:56 EDT |  | ADSK, SWI, INFA | Software and Services sector price targets raised, at RW Baird
Baird raised its price target on Autodesk (ADSK) to $38 from $35 citing faster than expected capital structure changes and aggressive share repurchases, Informatica's (INFA) to $35 from $33 due to reduced concerns of big data technologies cannibalizing the need for ETL in the short term, and SolarWinds' (SWI) to $58 from $56 to reflect the integration of its five acquisitions made during the past year. | |
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News For ADSK;INFA;SWI From The Last 14 Days Check below for free stories on ADSK;INFA;SWI the last two weeks. |
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| May 23, 2013 | | 12:37 EDT |  | SWI | Options with increasing implied volatility: UNXL ZTS EWJ SWI
 Subscribe for More Information | | | May 22, 2013 | | 16:25 EDT |  | SWI | On The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. | | | 12:20 EDT | | SWI | On The Fly: Midday Wrap
Subscribe for More Information | | | 08:37 EDT |  | SWI | SolarWinds downgraded to Sector Perform from Outperform at Pacific Crest
Subscribe for More Information | | | 08:18 EDT |  | SWI | SolarWinds hosted a conference call
Management held a conference call to discuss the acquisition of N-able Technologies on May 21 at 5 pm which has a webcasted replay available. Webcast Link | | | May 21, 2013 | | 16:05 EDT |  | SWI | SolarWinds agrees to acquire N-able for $120M
Subscribe for More Information | | | May 19, 2013 | | 12:22 EDT | | ADSK | Autodesk to acquire Tinkercad, web-based 3D design software
Autodesk has signed a definitive agreement to acquire Tinkercad, an easy-to-use browser-based 3D design tool. The addition of Tinkercad to Autodesk will help broaden the popular Autodesk 123D family of apps and supports Autodesk’s vision to help anybody imagine, design and create anything. The acquisition will also revive the Tinkercad service and community, despite a previously announced shutdown by its founders and creators. This transaction is expected to have no impact on guidance issued on May 16. | | | May 17, 2013 | | 12:05 EDT | | ADSK | On The Fly: Midday Wrap
Subscribe for More Information | | | 10:06 EDT |  | ADSK | Autodesk falls after results, levels to watch
Subscribe for More Information | | | 07:47 EDT | | ADSK | Autodesk downgraded to Sector Perform from Outperform at Pacific Crest
Subscribe for More Information | | | | May 16, 2013 | | 18:56 EDT | | ADSK | On The Fly: After Hours Movers
UP AFTER EARNINGS: SINA (SINA), up 4.2%. ALSO HIGHER: Kansas City Southern (KSU), up 1.6% after it was announced the company would replace Dean Foods (DF) in the S&P 500 on May 23. DOWN AFTER EARNINGS: Autodesk (ADSK), down 6.5% after earnings, guiding its second quarter below expectations... Aruba Networks (ARUN), down 17.1% after earnings, guiding its fourth quarter below expectations... Nordstrom (JWN), down 3.5%... J.C. Penney (JCP), down 1.7%... Brocade (BRCD), down 2.4% after earnings, guiding its third quarter below expectations. | | | 16:08 EDT | | ADSK | Autodesk falls sharply after results, first look
Subscribe for More Information | | | 16:06 EDT |  | ADSK | Autodesk sees Q2 EPS 39c-44c, consensus 51c
Subscribe for More Information | | | 16:04 EDT | | ADSK | Autodesk reports Q1 EPS 42c, consensus 45c
Reports Q1 revenue $570.4M, consensus $583.4M. | | | 15:14 EDT | | ADSK | Notable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Dell (DELL), consensus 35c; Applied Materials (AMAT), consensus 13c; Nordstrom (JWN), consensus 76c; Autodesk (ADSK), consensus 45c; J. C. Penney (JCP), consensus (86c); SINA (SINA), consensus (3c); ViaSat (VSAT), consensus 2c; Brocade Communications (BRCD), consensus 15c; Aruba Networks (ARUN), consensus 15c. | | | 13:42 EDT | | ADSK | Autodesk May 40 straddle priced for 6% move Q1
Subscribe for More Information | | | 07:26 EDT | | SWI | JPMorgan to host a conference
41st Annual Global Technology, Media & Telecom Conference is being held in Boston on May 14-16 with webcasted company presentations to begin on May 16 at 8 am; not all company presentations may be webcasted. Webcast Link | | | May 14, 2013 | | 17:48 EDT | | INFA | Lone Pine gives quarterly update on stakes
NEW STAKES: Valeant Pharmaceuticals (VRX), Virgin Media (VMED), Thermo Fisher Scientific (TMO), CME Group (CME), and Liberty Media (LMCA). INCREASED STAKES: Mead Johnson Nutrition (MJN), News Corp (NWSA), Intuitive Surgical (ISRG), Monsanto (MON), and Qualcomm (QCOM). DECREASED STAKES: Cognizant Technology Solutions (CTSH), Equinix (EQIX), Ralph Lauren (RL), Disney (DIS), and Oceaneering International (OII). LIQUIDATED STAKES: Facebook (FB), Crown Castle (CCI), Accretive Health (AH), Informatica (INFA), and NetEase (NTES). | | | 13:01 EDT | | ADSK | NetSuite, Autodesk announce software alliance
NetSuite (N) and Autodesk (ADSK) announced a strategic alliance to offer manufacturing companies integration of Autodesk PLM 360 and NetSuite ERP. | | | 06:49 EDT | | ADSK | Autodesk May volatility elevated into Q1 results and outlook
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