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Stock Market & Financial Investment News

News Breaks
January 17, 2014
11:02 EDTARUN, BLOX, JNPR, UBNT, CVLT, FIOAnalyst 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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September 19, 2014
07:23 EDTJNPRFCC to hold a roundtable
Open Internet Roundtable: Technological Aspects will consider the technical aspects of ensuring an Open Internet, including questions of scope, transparency, blocking, mobile networks, and reasonable network management and is being held at FCC Washington, D.C. offices on September 19 at 1:30 pm. Webcast Link
September 17, 2014
15:03 EDTBLOXInfoblox management to meet with Piper Jaffray
Meeting to be held in Boston on September 24 hosted by Piper Jaffray.
September 12, 2014
10:00 EDTUBNT, ARUNOn The Fly: Analyst Initiation Summary
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September 11, 2014
18:07 EDTARUNAruba Networks initiated with an Equal Weight at Morgan Stanley
18:07 EDTUBNTUbiquiti Networks initiated with an Equal Weight at Morgan Stanley
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September 10, 2014
07:53 EDTJNPRDeutsche Bank to hold a conference
Technology Conference to be held in Las Vegas on September 9-11 with webcasted company presentations to begin on September 10 at 10:30; not all company presentations may be webcasted. Webcast Link
September 8, 2014
08:45 EDTCVLTNimble Storage, Arista, CommVault recommnded on M&A at Pacific Crest
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08:09 EDTUBNTUbiquiti Networks initiated with an Outperform at FBN Securities
Target $55.
September 5, 2014
09:16 EDTBLOXOn The Fly: Pre-market Movers
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08:13 EDTBLOXInfoblox sales execution improved, says JMP Securities
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07:53 EDTBLOXInfoblox upside potential significantly exceeds downside risk, says Cowen
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06:15 EDTBLOXInfoblox volatility expected to move on better than expected Q1 guidance
Infoblox volatility expected to move on better than expected Q1 guidance. Overall option implied volatility of 70 is above its 26-week average of 66 according to Track Data, suggesting large price movement.

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