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Stock Market & Financial Investment News

News Breaks
January 17, 2014
11:02 EDTCVLT, BLOX, UBNT, ARUN, FIO, JNPRAnalyst calls for rebound in storage/networking space
Some stocks in the IT storage and networking sector could rebound in 2014, research firm Pacific Crest wrote in a note to investors earlier today. WHAT'S NEW: After speaking with resellers in the IT storage and networking sector, Pacific Crest analyst Brent Bracelin reports that 54% of the resellers were above their sales targets in the fourth quarter of 2013. Storage was stronger than networking, as 80% of the storage resellers were above their targets last quarter, the analyst noted. As a result, Bracelin believes spending on storage systems could rebound in 2014. He identified EMC (EMC) as his top large cap idea in the sector. Among mid-cap stocks, Bracelin is most upbeat on Aruba Networks (ARUN), Infoblox (BLOX), and CommVault (CVLT). He calls Fusion-io (FIO) a high-risk, high-reward small-cap name, and wrote that its stock may double this year. Bracelin kept Outperform ratings on all the stocks above. WHAT'S NOTABLE: Bracelin recommends avoiding Juniper (JNPR) and Ubiquiti Networks (UBNT) due to his concerns about their networking businesses. PRICE ACTION: In mid-morning trading, Aruba climbed 3% to $21.25, Infoblox lost 0.7% to $38.30, CommVault rose 0.6% to $75.65, and Fusion-IO gained 0.8% to $9.15. Meanwhile, Juniper added 0.2% to $25.85 and Ubiquiti advanced 0.6% to $44.
News For ARUN;BLOX;JNPR;UBNT;CVLT;FIO From The Last 14 Days
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May 21, 2015
15:10 EDTARUNEarnings Watch: HP buys Aruba, forms Chinese joint venture with split nearing
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May 18, 2015
10:04 EDTCVLTCommVault management to meet with Piper Jaffray
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May 14, 2015
10:56 EDTUBNTOptions with decreasing implied volatility
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May 13, 2015
11:08 EDTUBNTOptions with decreasing implied volatility
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May 12, 2015
10:01 EDTJNPROn The Fly: Analyst Upgrade Summary
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07:24 EDTJNPRJuniper upgraded to Buy on new product cycles at BofA/Merrill
As previously reported, BofA/Merrill upgraded Juniper to Buy from Neutral. The firm expects Juniper's new products and sequential growth in North American carrier spending to drive growth in core business lines. BofA/Merrill said Juniper's new products address recent weaknesses in security, switching, and routing and expects growth and operating margins to begin to stabilize. Price target raised to $34 from $27.
06:19 EDTJNPRJuniper upgraded to Buy from Neutral at BofA/Merrill
May 11, 2015
10:17 EDTUBNTOptions with decreasing implied volatility
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May 8, 2015
10:25 EDTUBNTOptions with decreasing implied volatility
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10:01 EDTUBNTOn The Fly: Analyst Downgrade Summary
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07:36 EDTUBNTUbiquiti Networks downgraded to Neutral from Buy at SunTrust
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07:12 EDTUBNTUbiquiti Networks downgraded to Neutral from Buy at SunTrust
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06:22 EDTUBNTUbiquiti Networks downgraded to Market Perform from Outperform at Raymond James
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