New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | all recent news | >>
October 13, 2014
09:39 EDTAAPLActive equity options trading on open
Subscribe for More Information
09:23 EDTAKAMHP could buy lower valuation company, says Bernstein
Subscribe for More Information
09:09 EDTMSFTMicrosoft Q1 results likely to beat expectations, says Bernstein
Bernstein believes that Microsoft's cloud business continues to grow, and it expects adoption of the company's cloud products to accelerate this quarter. The firm reiterates a $56 price target and Outperform rating on the shares.
09:06 EDTNFLXNetflix, CBS sign distribution deal in Europe, Hollywood Reporter says
Subscribe for More Information
08:50 EDTNFLXNetflix charging extra for 4K Ultra HD content, Variety reports
Netflix will require subscribers to pay its most expensive service tier for 4K Ultra HD content, reports Variety. Subscribers must sign up for the "family" plan at $11.99 monthly, which allows for simultaneous streaming of up to four programs. The reason for the change was that producing and acquiring 4K content costs more that conventional HD, so it has repositioned Ultra HD as a premium offering. Reference Link
08:31 EDTAAPLApple says iPhone 6, 6 Plus to arrive in 36 more countries this month
Subscribe for More Information
07:43 EDTNFLXNetflix Q3 results expected to be inline, says Canaccord
Subscribe for More Information
07:15 EDTAKAM, MSFTNational Association of Corporate Directors to hold a conference
Subscribe for More Information
06:41 EDTAAPLWalgreens to roll out Apple Pay on October 18, MacRumors reports
Walgreens (WAG) will begin rolling out Apple Pay (AAPL) on Saturday, October 18, according to a memo obtained by MacRumors. Reference Link
06:05 EDTAAPLReport: Apple iPhone 6 pre-orders in China reach 20M, Digitimes says
Subscribe for More Information
October 10, 2014
17:57 EDTAAPLGT Advanced calls Apple demands 'burdensome, oppressive,' Bloomberg reports
Subscribe for More Information
17:14 EDTAAPLMarket ends week lower amid global growth worries
Subscribe for More Information
16:02 EDTNFLX, AAPLActionable Options for Friday, October, 10
Subscribe for More Information
15:30 EDTAAPLApple, Bose settle patent infringement litigation, CNBC reports
Subscribe for More Information
10:12 EDTAAPLApple to remove Bose products from retail stores, MacRumors reports
Subscribe for More Information
09:38 EDTAAPLActive equity options trading on open
Subscribe for More Information
07:39 EDTAAPLApple underappreciated but Icahn estimates aggressive, says UBS
Subscribe for More Information
07:08 EDTAAPLApple given at least 3 days to block info in GT bankruptcy case, Reuters says
Subscribe for More Information
07:04 EDTAAPLAmazon in talks to join digital locker for movies. WSJ reports
Subscribe for More Information
06:39 EDTNFLXNetflix spends $150M annually on content recommendations, Gigaom reports
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use