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Stock Market & Financial Investment News

News Breaks
February 7, 2013
11:41 EDTNI, BKE, PTEN, NYT, AKAMHigh option volume stocks: AKAM PTEN NI NYT BKE
News For AKAM;PTEN;NI;NYT;BKE From The Last 14 Days
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February 9, 2016
16:55 EDTAKAMAkamai sees Q1 EPS 61c-64c, consensus 61c
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16:07 EDTAKAMAkamai trades up after results
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16:06 EDTAKAMAkamai announces evolution to organizational structure
Akamai Technologies announced an evolution to its organizational structure aimed at increasing productivity and growth opportunities from its ongoing innovation and go-to-market initiatives. Effective at the start of the second quarter of 2016, Akamai's current products and development organization and global sales, channels and marketing teams will be re-aligned into two divisions to focus on the company's Media and Web customers and solutions. Each division will integrate existing Akamai personnel from product management, product development, sales, channels and product marketing into their teams. The new structure is designed to create tighter alignment and integration between customer requirements and product innovation, while increasing the ease of leveraging Akamai's services.
16:04 EDTAKAMAkamai announces new $1B share repurchase
The Company also announces that its Board of Directors has authorized a new $1 billion share repurchase program, effective from February 9, 2016 through December 31, 2018. The Company's goal for this program is to offset the dilution created by its employee equity compensation programs and provide the flexibility to increase its capital distributions to shareholders as business and market conditions warrant.
16:03 EDTAKAMAkamai reports Q4 EPS 72c, consensus 62c
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15:02 EDTAKAMEarnings Watch: Akamai to report as client losses, Google competition looms
Akamai (AKAM) is expected to report fourth quarter earnings after the close on Tuesday, February 9, with a conference call scheduled for 4:30 pm ET. Akamai is a provider of cloud computing services and content delivery networks. EXPECTATIONS: Analysts are looking for earnings per share of 62c on revenue of $568.72M. EPS consensus ranges 58c-64c on a revenue range of $559.0M-$576.23M, according to First Call. During the company's last earnings conference call, Akamai forecast Q4 EPS of 60c-64c on revenue of $557M-$577M, and also noted expectations for declining revenue from its large media clients. LAST QUARTER: On October 27, Akamai reported third quarter EPS of 62c against expectations for 58c, and revenue of $551M versus estimates of $550.29M. NEWS: On November 2, Akamai announced the acquisition of cybersecurity firm Bloxx, which it said would enhance its cloud security offerings. On November 19, the company announced a collaboration with Google (GOOG, GOOGL) to reduce hosting and traffic costs for Akamai customers who also use Google's cloud platform. In early December, Google quietly began rolling out its own cloud content delivery network. STREET RESEARCH: Akamai saw no less than five analyst downgrades following its last earnings report, with JPMorgan, Canaccord, Cowen, Craig-Hallum, and FBR all negative on the company in the wake of its disappointing guidance and lower traffic growth from its three largest customers. On November 20, Goldman Sachs downgraded Akamai to Sell and lowered its price target to $52 from $62, with the research firm highlighting reduced orders from large clients as well as an industry focus on cutting download sizes. On November 24, JMP Securities said its checks with content delivery network experts revealed that "very few" of Akamai's clients other than its largest customers can build their own CDN systems. The firm reiterated its Outperform rating and $85 target on the shares, saying Akamai is well-positioned for the growing opportunity in over-the-top streaming and the convergence of cloud security and CDN. On December 9, JPMorgan said Apple's (AAPL) suspension of its TV streaming plans removes a catalyst for Akamai's media business recovery, leading the research firm to struggle to see a near-term driver of sustainable volume improvement. Following reports of Google planning its own content delivery network, JPMorgan and Craig-Hallum cut their outlooks on Akamai on December 14, saying the news could mark a first step toward Google competing for some of Akamai's business. PRICE ACTION: Shares of Akamai have slipped 2.4% to $40.00 ahead of Tuesday's results.
14:48 EDTAKAMAkamai February weekly 40 straddle priced for 14% movement into Q4
14:36 EDTAKAMNotable companies reporting after market close
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February 8, 2016
13:45 EDTAKAMAkamai volatility elevated into Q4 and outlook
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February 5, 2016
10:00 EDTPTENPatterson-UTI at Raymond James
Raymond James analyst Marshall Adkins raised Patterson-UTI's price target to $21 from $17 on shares following the strong Q4 report. The analyst expects robust pressure pumping margin guidance and high-end rigs should help to support profitability in a difficult 2016 oilfield demand environment. Given Patterson's strong financial health, contract backlog and top-tier competitive positioning, Adkins believes they will be one of the core oilfield names to own heading into an anticipated 2017 recovery and reiterates his Strong Buy rating.
February 4, 2016
08:34 EDTNYTNew York Times sees FY16 CapEx roughly $45M
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08:34 EDTNYTNew York Times sees Q1 circulation revenues to increase from 4Q15
Total advertising revenues in the first quarter of 2016 are expected to decrease between 2%-4% compared with the first quarter of 2015. Operating costs and adjusted operating costs are each expected to increase in low-single digits the first quarter of 2016 compared with the first quarter of 2015.
08:32 EDTNYTNew York Times reports Q4 adjusted EPS 37c, consensus 30c
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07:08 EDTBKEThe Buckle reports January SSS down 11.3%
Net sales for the 4-week fiscal month ended January 30, 2016 decreased 10.1 percent to $53.0 million from net sales of $58.9 million for the prior year 4-week fiscal month ended January 31, 2015.
07:06 EDTNYTWaste Management to hold a forum
2016 Executive Sustainability Forum is being held in Scottsdale, AZ on February 4.
06:07 EDTPTENPatterson-UTI reports Q4 EPS (40c), consensus (48c)
Reports Q4 revenue $339M, consensus $324.82M.
February 3, 2016
06:05 EDTPTENPatterson-UTI reports drilling activity for January
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February 2, 2016
07:18 EDTPTENJefferies sees relative value in Nabors Industries
Jefferies analyst Brad Handler believes shares of Nabors Industries (NBR) can outperform Patterson-UTI (PTEN) over the near term and Helmerich & Payne (HP) over the longer term. His analysis suggests Nabors likely avoids covenant breach and has adequate liquidity to weather the downturn. Handler keeps a Hold rating on Nabors, however, with a reduced price target of $7.
January 31, 2016
20:43 EDTAKAMOn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Coca-Cola (KO) announced a minority stake in diary and juice company Chi, with plans to take full ownership within three years. 2. Billionaire investor Nelson Peltz is considering taking an activist position in Time Warner (TWX), the New York Post reported. 3. Toyota (TM) could temporarily halt domestic production after an explosion at a key supplier curbed its supply of steel, Reuters said. 4. Investigations into Herbalife (HLF), as well as investigations into Bill Ackman himself, have fizzled and criminal charges look unlikely, the Wall Street Journal revealed. 5. Virtu Financial (VIRT) and Ctrip (CTRP) were discussed positively by Barron's this week, as well as "tech bargains" Autodesk (ADSK), Akamai (AKAM), Western Digital (WDC), SanDisk (SNDK) and Lam Research (LRCX) and attractive banking stocks Citi (C), JPMorgan (JPM), Bank of America (BAC) and Wells Fargo (WFC).
12:44 EDTAKAMAutodesk, Akamai among top tech picks after January selloff, Barron's says
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