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Stock Market & Financial Investment News

News Breaks
March 20, 2014
10:00 EDTARUN, AMAT, PXD, ZLTQ, RKUS, QLIK, DWCH, CRL, LRCX, CVE, ZIOP, DATA, MSTR, CVD, CAMP, KLAC, CNQ, UBNT, REPH, GIMO, SCOROn The Fly: Analyst Initiation Summary
Aruba Networks (ARUN) initiated with a Neutral at Macquarie... CalAmp (CAMP) initiated with a Neutral at Macquarie... Charles River Labs (CRL) initiated with a Hold at KeyBanc... comScore (SCOR) initiated with a Buy at Brean Capital... Covance (CVD) initiated with a Buy at KeyBanc... Datawatch (DWCH) initiated with a Buy at B. Riley... Flexion (FLXN) initiated with a Buy at Janney Capital... Gigamon (GIMO) initiated with a Buy at Needham... MicroStrategy (MSTR) initiated with a Neutral at B. Riley... Qlik Technologies (QLIK) initiated with a Neutral at B. Riley... Quintiles (Q) initiated with a Hold at KeyBanc... Recro Pharma (REPH) initiated with a Buy at Brean Capital... Ruckus Wireless (RKUS) initiated with an Outperform at Macquarie... Tableau (DATA) initiated with a Buy at B. Riley... Ubiquiti Networks (UBNT) initiated with an Outperform at Macquarie... ZELTIQ (ZLTQ) initiated with a Buy at Stifel... Ziopharm (ZIOP) initiated with a Buy at Mizuho... Pioneer Natural (PXD) initiated with a Market Perform at BMO Capital... Canadian Natural (CNQ) initiated with an Overweight at Morgan Stanley... Cenovus Energy (CVE) initiated with an Equal Weight at Morgan Stanley... KLA-Tencor (KLAC) initiated with a Neutral at Nomura... Lam Research (LRCX) initiated with a Buy at Nomura... Applied Materials (AMAT) initiated with a Buy at Nomura.
News For ARUN;CAMP;CRL;SCOR;CVD;DWCH;GIMO;MSTR;QLIK;REPH;DATA;RKUS;UBNT;ZIOP;ZLTQ;CNQ;CVE;PXD;KLAC;LRCX;AMAT From The Last 14 Days
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January 13, 2015
16:12 EDTDWCHDatawatch shares halted, to resume trading at 16:35 EST
16:11 EDTDWCHDatawatch reduces sales reps by 20%, sees charges of $800K
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16:09 EDTDWCHDatawatch sees Q1 revenue $6.9M-$7.0M, consensus $9.69M
Sees Q1 net loss $4.5M-$4.6M, consensus (16c). The company said, "Our performance in the first fiscal quarter of 2015 fell short of our expectations amid a period during which we transitioned our business to a new global sales leader, shifted the sales approach we take in dealing with our extensive customer base and implemented many operational changes. In our November 2014 earnings call, we discussed aspects of the business where we needed to improve execution. A subsequent full business review led us to implement strategic operational initiatives to improve sales execution, including the re-assessment and realignment of sales resources, which resulted in a 20% reduction in sales reps; the transition from a two-tier partner model to a direct model for our traditional Monarch customer base; changes in our forecasting and selling methodologies; new pipeline-building activities and more targeted lead generation programs. Competitive and macro issues did not affect the quarter's results, but the level of disruption from the operational changes was much greater than anticipated, resulting in the quarter's shortfall. We plan to discuss these operational changes in greater detail during our quarterly earnings call later this month."
16:06 EDTZLTQZELTIQ sees FY15 revenue $230M, consensus $215.7M
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16:05 EDTZLTQZELTIQ sees FY14 revenue $175M-$176M, consensus $173.3M
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16:03 EDTZLTQZELTIQ sees Q4 revenue of $51M-$52M, consensus $49.64M
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11:57 EDTDATA, QLIKHP rises after PC report despite Pacific Crest downgrade
Shares of personal computer maker Hewlett-Packard (HPQ) are rising after research firm Gartner estimated that worldwide PC shipments had risen 1% last quarter. The advance comes despite research firm Pacific Crest having downgraded HP shares this morning. WHAT'S NEW: Worldwide shipments of PCs increased 1% last quarter, Gartner estimated. "These results indicate a slow, but consistent improvement following more than two years of decline," the firm wrote. The estimate suggests that PCs are not fading into oblivion, as some had predicted. Despite this news, research firm Pacific Crest downgraded HP to Sector Perform from Outperform in a note to investors today. HP is facing increased competition, as a number of companies are buying fewer individual servers and IT storage products, Pacific Crest analyst Brent Bracelin stated. Instead, they are buying integrated IT stacks. Ongoing technological trends could make this option more popular going forward, the analyst believes. Additionally, new data storage systems - including next wave systems with software-defined controls, cloud storage systems, and open sources systems - are growing rapidly and could increase the competitive pressure on HP, the analyst stated. Bracelin is less confident that HP's multiple can expand further going forward, he added. WHAT'S NOTABLE: Bracelin also downgraded NetApp (NTAP) to Sector Perform from Outperform for the same reasons that he cut his rating on HP. The analyst identified Tableau (DATA), F5 Networks (FFIV), Qlik Technologies (QLIK), and Nimble Storage (NMBL) as his favorite names in the IT infrastructure sector. F5 should benefit from earnings and multiple expansion as it carries out its security strategy, while Qlik is well-positioned to generate improved growth and margins, the analyst stated. Tableau and Nimble are poised to report better than expected results as their new products ramp up, Bracelin believes. OTHERS TO WATCH: Other companies that benefit from upbeat PC sales include Intel (INTC), Microsoft (MSFT), and hard disk drive makers Seagate (STX) and Western Digital (WDC). PRICE ACTION: In late morning trading, HP shares climbed 1.5% to $40.50.
10:00 EDTCVEOn The Fly: Analyst Downgrade Summary
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07:42 EDTZLTQJPMorgan to hold a conference
33rd Annual Healthcare Conference is being held in San Francisco on January 12-15 with webcasted company presentations to begin on January 13 at 10:30 am; not all company presentations may be webcasted. Webcast Link
07:17 EDTCVECenovus Energy downgraded to Neutral from Overweight at JPMorgan
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07:04 EDTQLIK, DATATop 2015 IT infrastructure ideas identified at Pacific Crest
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06:44 EDTDATA, QLIKHP downgraded to Sector Perform from Outperform at Pacific Crest
Pacific Crest downgraded HP (HPQ) to Sector Perform citing valuation and rising competitive risks from hyperconvergence and new datastores. The firm lists Tableau (DATA), F5 Networks (FFIV), lik Technologies (QLIK) and Nimble Storage (NMBL) as its top names to own in the Cloud, Analytics & Data Infrastructure space. Pacific Crest also downgraded also NetApp (NTAP) to Sector Perform citing the same rationale as HP.
January 12, 2015
13:19 EDTZIOPZiopharm January volatility elevated at 132
Ziopharm January call option implied volatility is at 132, February is at 125, April is at 108; compared to its 26-week average of 121 according to Track Data, suggesting large near term price movement.
10:00 EDTARUNOn The Fly: Analyst Downgrade Summary
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09:09 EDTDATATableau announced Kreditech selected company visual analytics services
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08:30 EDTCVDLabCorp upgraded to Outperform at RW Baird
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08:24 EDTARUNAruba Networks downgraded at JMP Securities
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07:17 EDTZLTQJPMorgan to hold a conference
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06:46 EDTARUNAruba Networks downgraded to Market Perform from Outperform at JMP Securities
January 11, 2015
17:30 EDTUBNTUbiquiti Networks shares could fall further, Barron's says
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