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Stock Market & Financial Investment News

News Breaks
February 3, 2014
12:57 EDTAKAM, AAPL, LVLT, LLNW, MSFT, NFLXAkamai down after report says Apple building CDN
Akamai (AKAM) shares are trading lower after a report by StreamingMedia said Apple (AAPL) may be building its own content delivery network, or CDN. WHAT’S NEW: StreamingMediaBlog.com said Apple has been hiring employees for a group tasked with building a new CDN for external use. The report says Apple has traditionally relied on CDN providers like Akamai and Level 3 Communications (LVLT), but performance issues with its iCloud product have partly motivated the construction of an independent CDN. The report also notes that Microsoft (MSFT) and Netflix (NFLX), which both took their CDNs in-house, still use Akamai, Level 3 and Limelight Networks (LLNW) for much of their content delivery needs. ANALYST REACTION: In a note to investors, analysts at Wells Fargo said the risk to Akamai’s overall revenue from an independent Apple CDN is likely “fairly minimal.” The firm, which maintains an Outperform rating on the stock, said there are too many unknowns regarding Apple’s long-term CDN strategy and that Akamai would be unlikely to see any impacts to its revenue until 2015. PRICE ACTION: Shares of Akamai opened the session higher but fell sharply following the report. Shares are down more than 3% in early afternoon trade amid a broad market sell-off. OTHERS TO WATCH: Shares of Akamai peer Level 3 Communications are down about 2.2% in early afternoon trade, with shares of lightly-traded Limelight Networks down 0.2%.
News For AKAM;AAPL;LVLT;LLNW;MSFT;NFLX From The Last 14 Days
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September 9, 2014
08:56 EDTAAPLGT Advanced September volatility elevated into Apple event
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08:42 EDTAAPLApple's online store goes down ahead of today's event
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08:34 EDTAAPLWebMD to benefit from Apple initiatives, says RBC Capital
RBC Capital expects WebMD (WBMD) to benefit from Apple's (AAPL) launch of initiatives in the consumer health IT market. The firm believes that Apple's efforts in this area will provide more publicity for WebMD. RBC Capital keeps a $70 price target and Top Pick rating on WebMD.
08:24 EDTAAPLVIX methodology for Apple at 30.30, above its 10-day moving average of 27.66
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08:22 EDTNFLXNetflix price target raised to $600 from $530 at RBC Capital
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07:31 EDTNFLXNetflix enters online U.S. net neutrality strike, Reuters says
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07:30 EDTAAPLApple new launches biggest test yet for CEO Cook, WSJ says
Three years into his tenure, and with his company trying to prove that it can still be a groundbreaking innovator, Apple CEO Tim Cook will look to make his mark on the company with the expected launch of larger iPhones and its first wearable device, said The Wall Street Journal. Reference Link
07:28 EDTAAPLFutures drift in early trading
U.S. equity futures are suggesting another quiet open as they trade near fair value. There is little to look forward to as far as a catalyst, but investors will be watching the highly anticipated launch of Apple's (AAPL) new products .Meanwhile, little market moving economic data is expected to be announced today.
07:28 EDTMSFT, AAPLThe Money Event, Inc to hold a conference
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07:27 EDTAAPLApple partner Mayo Clinic to demonstrate HealthKit at event, Star Tribune says
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07:18 EDTAAPLApple expanding Siri team in Boston, BetaBoston reports
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06:56 EDTAAPLApple September weekly 98 straddle priced for 4.2% move into press event
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06:54 EDTMSFTChamber of Commerce says China antitrust efforts may be illegal, NY Times says
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06:53 EDTAAPLApple volatility elevated into press event
Apple September weekly call option implied volatility is at 59, September is at 35, October is at 28, November is at 26, December is at 26, January is at 24; compared to its 26-week average of 25 according to Track Data, suggesting large near term price movement into today’s press event.
06:37 EDTMSFTMicrosoft begins rolling out 'Delve' to Office 365 business customers
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06:35 EDTAAPLApple looking to refocus on 9.7-inch iPad in 2H14, DigiTimes Research says
Apple looks to refocus its aggressiveness on the new 9.7-inch iPad and overall iPad shipments in Q3 are expected to return to growth, reports DigiTimes Research. For the full year, however, the weakening demand in Europe and the US, the upcoming larger iPhones and the delay of the next-generation iPad mini are expected to impact iPad sihpments, with the volume estimated to be lower than 70M units. Reference Link
06:33 EDTAAPLApple may call 5.5-inch iPhone 'iPhone 6 Plus,' Business Insider reports
Apple may call the 5.5-inch iPhone the "iPhone 6 Plus," Business Insider reports, citing Japanese Apple blog Macotakara. The 4.7-inch version of the device is expected to be called the iPhone 6. Reference Link
06:20 EDTAAPLForrester: Apple could sell 10M iWatches this year, FT reports
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06:18 EDTAAPLNXP Semiconductors volatility low into Apple event
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06:15 EDTAAPLSynaptics volatility low into Apple event
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