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Stock Market & Financial Investment News

News Breaks
February 13, 2014
06:03 EDTAKAM, BBYStocks with implied volatility below IV index mean; BBY AKAM
Stocks with implied volatility below IV index mean; Best Buy (BBY) 56, Akamai (AKAM) 30 according to iVolatility.
News For AKAM;BBY From The Last 14 Days
Check below for free stories on AKAM;BBY the last two weeks.
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July 31, 2014
09:26 EDTAKAMOn The Fly: Pre-market Movers
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09:18 EDTAKAMAkamai should be bought on weakness, says Pacific Crest
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July 30, 2014
18:54 EDTAKAMOn The Fly: After Hours Movers
UP AFTER EARNINGS: VistaPrint (VPRT), up 20.6% after reporting better than expected quarterly results and guiding fiscal 2015 higher than analyst estimates... Mobileiron (MOBL), up 16.5%... LivePerson (LPSN), up 10.6%... Equinix (EQIX), up 1.1%... Whiting Petroleum (WLL), up 1.2%. DOWN AFTER EARNINGS: Glu Mobile (GLUU), down 9.9% after reporting second quarter results and that it will acquire Cie Games for $100M in cash and stock... ServiceNow (NOW), down 5.8%... Akamai (AKAM), down 5.3%... Westell Technologies (WSTL), down 7.5%... Solazyme (SZYM), down 4%... Whole Foods (WFM), down 3.4% after reporting third quarter results and guidance for the fourth quarter and fiscal 2014... Kraft Foods (KRFT), down 1.6%... Lam Research (LRCX), down 1.6%... Yelp (YELP), reverses in after-hours trading and shares are down marginally after reporting a decline in newly added businesses. ALSO LOWER: Penn Virginia (PVA), down 2.1% after announcing that it has sold Eagle Ford Shale acreage rights for $150M... Yum! Brands (YUM), down 5.6% after saying that OSI had a "significant, negative impact" to its sales in China.
16:48 EDTAKAMAkamai sees Q3 EPS 55c-58c, consensus 55c
Sees Q3 revenue $484M-$496M, consensus $484.81M. Guidance provided on Q2 earnings conference call.
16:40 EDTAKAMAkamai lower by almost 9% after reporting Q2 results
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16:04 EDTAKAMAkamai trades lower after results, levels to watch
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16:02 EDTAKAMAkamai reports Q2 EPS 58c, consensus 55c
Reports Q2 revenue $476M, consensus $472.86M.
15:44 EDTAKAMAkamai August 61 straddle priced for 8% move into Q2
15:31 EDTAKAMNotable companies reporting after market close
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13:17 EDTAKAMEarnings Preview: Analysts optimistic for 'beat and raise' quarter from Akamai
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10:00 EDTAKAMAkamai August weekly volatility elevated into Q2 and revenue outlook
Akamai August weekly call option implied volatility is at 144, September is at 39, January is at 31; compared to its 26-week average of 35, suggesting large near term price movement into the expected release of Q2 results today.
09:53 EDTBBYBest Buy CEO Joly says sales of tablets 'crashing,' Re/code reports
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July 29, 2014
08:46 EDTAKAMAkamai expect a beat and raise quarter, says MKM Partners
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08:29 EDTAKAMAkamai should report stronger than expected Q2 results, says Pacific Crest
Pacific Crest expects Akamai's Q2 results and Q3 guidance to beat expectations, driven by accelerating traffic trends. The firm keeps a $65 price target and Outperform rating on the shares.
06:44 EDTAKAMMicrosoft, Akamai and JVP to work together in cybersecurity accelerator
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July 28, 2014
07:50 EDTAKAMAkamai Q2 results should show continued momentum, says Canaccord
Canaccord expects Q2 earnings from Akamai to show its continued business momentum, citing robust growth of internet traffic across most verticals and the renewed contract with its largest customer. The firm is more cautious on margins, even though the company has exceeded its own margin guidance for the past five quarters. Canaccord has a Buy rating with a $68 price target on the stock.
July 24, 2014
13:16 EDTAKAMAkamai advances following Macquarie upgrade
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10:03 EDTAKAMOn The Fly: Analyst Upgrade Summary
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07:58 EDTAKAMAkamai upgraded to Outperform from Neutral at Macquarie
Macquarie upgraded Akamai to Outperform based on revised 2H consensus margin forecasts and meetings with CDN competitors. The upgrade is not a call on the Q2 report but a longer-term call that media delivery revenue growth could grow in the mid-teens for the next few years driven by increased volumes from HD sporting and other content. Price target raised to $70 from $59.
July 21, 2014
10:45 EDTBBYAnalysts roll out coverage on GoPro with differing views
Shares of GoPro (GPRO) are climbing after a number of analysts initiated coverage of the stock with different outlooks. GoPro develops mountable and wearable cameras. BULLISH TAKE: JPMorgan analyst Paul Coster initiated coverage of GoPro with an Overweight rating. GoPro is gaining share in the digital camcorder market, and it has begun to penetrate "active lifestyle" markets, which are a much larger opportunity for the company, Coster believes. The company could ship 10M of its products for use by active lifestyle participants annually, the analyst estimated. In a best case scenario, the company could also sell low-cost devices for the mass market, according to Coster. However, GoPro will face competition from major companies, including Google (GOOG) and possibly Apple (AAPL) in this market, warned Coster, who set a $51 price target on GoPro. Also initiating coverage of the name with an Overweight rating was Piper Jaffray analyst Sean Naughton. GoPro is in the early stages of growth, as the company's user base is poised to expand beyond extreme sports enthusiasts, the analyst forecast. The company has a competitive advantage over other brands, which should enable it to maintain strong profitability, added Naughton, who set a $48 price target on the shares. BEARISH TAKE: Stifel analyst Jim Duffy started coverage of GoPro with a Hold rating. The company's three year growth outlook is compelling, but the stock is fully valued, the analyst believes. The company faces a number of risks, including competition in the image device market and the possibility that its relationship with key channel partners, including Best Buy (BBY), could be disrupted, the analyst wrote. Sales to Best Buy accounted for 17% of GoPro's revenue in fiscal 2013, Duffy reported. After GoPro surged following its initial public offering, the stock is likely to advance by only limited amounts, wrote Barcalys analyst Joseph Wolf, who initiated coverage of the shares with an Equal Weight rating. The stock could fall to $30 if the company is unable to increase its hardware sales or make progress in its efforts to develop a media business, the analyst warned. He set a $45 price target on the shares. PRICE ACTION: A total of seven analysts rolled out coverage today on GoPro, according to The Fly’s research, with only two recommending the stock with buy-equivalent ratings. Shares of the camera marker are up 3%, or $1.10, to $42.53 in morning trading.

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