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Stock Market & Financial Investment News

News Breaks
January 17, 2014
11:02 EDTUBNT, ARUN, FIO, JNPR, CVLT, BLOXAnalyst 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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March 26, 2015
16:53 EDTUBNTUbiquiti Networks initiated with a Neutral at Guggenheim
16:36 EDTBLOXInfoblox initiated with a Buy at Guggenheim
Target $30.
16:34 EDTJNPRJuniper initiated with a Neutral at Guggenheim
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10:04 EDTUBNTOn The Fly: Analyst Downgrade Summary
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06:36 EDTUBNTUbiquiti Networks downgraded to Neutral from Outperform at Macquarie
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March 20, 2015
07:24 EDTJNPRBroadcom chip renews competition with in-house hardware makers, WSJ says
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