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Stock Market & Financial Investment News

News Breaks
June 23, 2014
15:33 EDTLVLT, CMCSA, AKAM, VZVerizon 'aggressively' building Internet video services unit, Information says
Verizon (VZ) is "aggressively" building its Digital Media Services unit as it seeks to provide a package of services for digital video providers and encourage the growth of online video, said The Information. Content delivery network operators include Akamai (AKAM) and Level 3 Communications (LVLT). A prior report from the same tech blog in May said that Comcast (CMCSA) is testing its own content delivery service. Reference Link
News For AKAM;LVLT;VZ;CMCSA From The Last 14 Days
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May 12, 2015
10:31 EDTVZCantor sees higher bid for AOL unlikely, positive on Yahoo
Cantor Fitzgerald analyst Youssef Squali downgraded AOL (AOL) two notches to Sell from Buy after Verizon (VZ) agreed to acquire the company for $50 per share. Squali finds the takeover valuation "relatively fair" and believes a higher bidder for AOL is unlikely to emerge. The analyst believes the transaction could be positive for Yahoo (YHOO), which he views as the "last remaining large scale digital Media company of its kind." Squali has a Buy rating on Yahoo with a $60 price target.
10:01 EDTVZOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AG Mortgage (MITT) downgraded to Market Perform from Outperform at Keefe Bruyette... Brookfield Renewable (BEP) downgraded to Underperform from Neutral at Credit Suisse... Emera (EMRAF) downgraded to Equal Weight from Overweight at Barclays... Fibria Celulose (FBR) downgraded to Neutral from Buy at Citigroup... First Marblehead (FMD) downgraded to Neutral from Buy at Compass Point... First Security (FSGI) downgraded to Market Perform from Outperform at Raymond James... Gap (GPS) downgraded to Market Perform from Outperform at FBR Capital... Intelsat (I) downgraded to Underweight from Equal Weight at Morgan Stanley... LivePerson (LPSN) downgraded to Neutral from Outperform at Credit Suisse... MercadoLibre (MELI) downgraded on valuation, difficult comps at Stifel... Midway Gold (MDW) downgraded to Underperform from Outperform at RBC Capital... Numerex (NMRX) downgraded to Market Perform from Outperform at Northland... Portland General Electric (POR) downgraded to Neutral from Overweight at JPMorgan... Rackspace (RAX) downgraded to Outperform from Buy at CLSA... Rosetta Resources (ROSE) downgraded to Sector Weight from Overweight at KeyBanc... SouFun (SFUN) downgraded to Hold from Buy at Deutsche Bank... Verizon (VZ) downgraded to Underperform from Neutral at Macquarie.
09:04 EDTVZVerizon said to possibly spin off some or all AOL content ops, Re/code says
AOL's (AOL) ad tech business is growing at a much faster pace than its content business, but has lower margins, noted Re/code, adding that "one scenario we’ve heard" is that Verizon (VZ) intends to spin off some or all of the content operations it is acquiring by buying AOL, possibly with a third player such as German publisher Axel Springer also involved. AOL CEO Tim Armstrong seemed to leave the door open for such a deal by saying that the company has "spoken to partners about content and scaling [and] seen a lot of interest in the content brands we have," Re/code added. Reference Link
08:45 EDTVZVerizon says Triple Play 'still matters a lot'
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08:31 EDTCMCSA, VZApple likely to launch TV video service this year, says Pacific Crest
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08:31 EDTAKAMAkamai management to meet with JMP Securities
Meetings to be held in Denver on May 13 and in Los Angeles on May 14 hosted by JMP Securities.
08:29 EDTVZVerizon says won't be irrational with price to chase mobile users
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08:18 EDTVZVerizon says no change in financial outlook, debt position
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07:45 EDTVZ, LVLTJefferies to hold a conference
2015 Global Technology, Media and Telecom Conference is being held in Miami on May 12-14.
07:20 EDTVZAOL's Armstrong says will stay with company 'for a long period of time'
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07:18 EDTVZAOL CEO says Verizon deal happened 'in natural way,' no auction held
AOL (AOL) CEO Tim Armstrong continues speaking on CNBC.
07:12 EDTVZAOL CEO expects Verizon to take 'open approach' to content
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07:09 EDTVZAOL CEO says will 'certainly' buy Verizon stock
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07:08 EDTVZAOL CEO says company has 'shared vision' with Verizon
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07:06 EDTVZAOL volatility elevated into Verizon acquiring for $4.4B
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07:03 EDTVZVerizon to acquire AOL for $50 per share, an estimated total value of $4.4B
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07:01 EDTVZVerizon to acquire AOL for $50 per share, an estimated total value of $4.4B
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07:01 EDTVZVerizon to acquire AOL for $50 per share, or $4.4B
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06:41 EDTCMCSATV networks touting digital, targeting technologies to marketers, NY Times says
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06:40 EDTVZVerizon downgraded to Underperform from Neutral at Macquarie
Macquarie downgraded Verizon to Underperform with a $45 price target to reflect a weaker 2016 and 2017 earnings outlook. The firm's analyst believes management has made a series of questionable strategic moves beginning with the Vodafone deal that will depress earnings. Recent advertising promotions are likely to pressure 2015 margins and ARPU and LTE capacity issues are expected in certain markets later in the year. Macquarie is surprised Verizon shares have held in around $50 with treasury yields rising and increasing Q2 promotions and does not believe this is sustainable ahead of a reset in consensus estimates.
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