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Stock Market & Financial Investment News

News Breaks
January 17, 2014
11:02 EDTFIO, JNPR, CVLT, BLOX, UBNT, ARUNAnalyst 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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April 16, 2015
11:22 EDTJNPRJuniper April weekly volatility elevated into Q1 and outlook
Juniper April weekly call option implied volatility is at 49, May is at 35, July is at 25, October is at 24; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into the expected release of Q1 of April 23.
April 15, 2015
07:46 EDTJNPREricsson, Juniper in focus for deals after Nokia-Alcatel tie-up, Bloomberg says
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April 13, 2015
08:30 EDTCVLTCommVault business appears to be stabilizing, says BMO Capital
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08:17 EDTARUNAruba Networks selected by Boston Medical Center for app solutions
Aruba Networks announced that Boston Medical Center, a private, not-for-profit, 482-bed, academic medical center in Boston, MA., is deploying Aruba’s 802.11ac and mobile app solutions to enable a campus-wide Gigabit wireless network with indoor location services that will benefit physicians, staff and patients.
April 7, 2015
10:05 EDTUBNTOn The Fly: Analyst Downgrade Summary
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07:39 EDTUBNTUbiquiti Networks downgraded at BofA/Merrill
As previously reported, BofA/Merrill downgraded Ubiquiti Networks to Underperform from Buy. The firm cut shares two notches and lowered its price target to $33 from $40 on a weakening WISP market, product issues, increasing competition in Service Provider products, and FX headwinds.
06:14 EDTUBNTUbiquiti Networks downgraded to Underperform from Buy at BofA/Merrill
April 6, 2015
06:07 EDTJNPRSpherix issues update on several matters
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