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Stock Market & Financial Investment News

News Breaks
March 27, 2014
14:27 EDTFRFHF, FB, BBRY, MSFTEarnings Preview: BlackBerry shares up sharply since Q3 report
BlackBerry (BBRY) is scheduled to report fourth quarter earnings on Friday, March 28, with a conference call scheduled for 8:00 am ET. BlackBerry is a wireless solutions provider that manufactures the BlackBerry smartphone and operating system. EXPECTATIONS: Analysts are looking for EPS of (57c) on revenue of $1.11B, according to First Call. The consensus range for EPS is ($1.04)-(25c) on revenue of $860M-$1.79B. LAST QUARTER: BlackBerry reported Q3 adjusted EPS of (67c) against estimates for (45c) on revenue of $1.19B against estimates for $1.59B. The company announced non-cash pre-tax charges of $4.6B for the quarter, associated with assets, inventory and supply commitments, and previously announced restructuring and strategic review actions. In January, the company announced that Fairfax Financial (FRFHF) agreed to buy an additional $250M worth of debt in the company in addition to the $1B Fairfax purchased in November. Also in January, the company announced it would divest the majority of its Canadian real estate holdings, and earlier this month the company confirmed the plans. In February, BlackBerry announced plans to bring its mobile messaging service, BBM, to Microsoft (MSFT) Windows Phone and Nokia X customers. The company also announced plans to launch new enterprise products, which are expected to be available by year-end. Earlier today, the company announced that it received “Full Operational Capacity” from the U.S. DoD. COMPANY NEWS: In January, Citron Research, which typically issues short theses on stocks, said it was long shares of BlackBerry and put a “minimum” price target on shares of $15. In mid-February, BlackBerry shares gained about 3% after noted investor Dan Loeb’s Third Point reported in its latest 13F filing with the SEC that it had taken a new 10M share stake in the handset maker. Following Facebook’s (FB) announcement that it would acquire messaging application WhatsApp for $16B, shares of BlackBerry advanced nearly 4% as investors speculated on the potential value of the company’s BBM messaging service following the deal. STREET RESEARCH: Analyst commentary on BlackBerry was mixed during the quarter, with the most recent rating change on shares coming from Societe Generale, which cut its rating on the stock to Sell from Hold. Earlier this week, Citigroup raised its price target on shares to $8 from $4, but maintained its Sell rating on shares. Earlier this month, CLSA raised its rating on BlackBerry to Underperform from Sell while raising its price target on the stock to $9.50 from $6. Other notable rating actions on BlackBerry shares during the quarter include a January upgrade to Sector Perform from Underperform at RBC Capital, and a January downgrade to Underperform from Perform at Oppenheimer. PRICE ACTION: On the first day of trade following its Q3 report, shares of BlackBerry gained 97c, or 15.52%, to close at $7.22. Since the first day of trade following its Q3 report, shares of BlackBerry have gained more than 45%, but for the 52-week period ended with yesterday’s trade, BlackBerry is still down more than 35%. In afternoon trade ahead of tomorrow’s Q4 report, BlackBerry is down over 3%.
News For BBRY;FRFHF;MSFT;FB From The Last 14 Days
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November 13, 2014
07:38 EDTFBBloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
07:29 EDTMSFTMicrosoft to buy Aorato for about $200M, sources say, WSJ reports
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06:45 EDTMSFTMicrosoft Xbox sales tripled since price cut, CNet reports
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06:20 EDTMSFTAmazon's Web-services chief not threatened by cash threat from rivals, WSJ says
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November 12, 2014
17:22 EDTMSFTMicrosoft says will have sold 10M Xbox One consoles 'shortly'
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12:00 EDTBBRYBlackBerry to host investor day
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07:58 EDTMSFTMicrosoft to hold a conference
Developer Conference is being held in New York on November 12-13 with webcasted discussions will begin on November 12 at 10 am. Reference Link
07:48 EDTMSFTWells Fargo to hold a conference
5th Annual Technology, Media & Telecom Conference is being held in New York on November 12-13.
November 11, 2014
16:01 EDTFBOptions Update; November 11, 2014
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15:26 EDTFBYelp continues to gain traction in Local search, says Cowen
Cowen's checks indicate Yelp (YELP) continues to gain traction in Local search through Google (GOOGL) and Facebook (FB). The firm continues to see Yelp's Local ad revenue growing 60% in 2014 and believes the company will continue to beat numbers.
12:09 EDTMSFTRackspace soars after Q3 results top estimates, $500M share buyback plan
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05:59 EDTMSFTMicrosoft unveils first Lumia smartphone without Nokia name
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November 10, 2014
16:40 EDTMSFTRackspace says joined Microsoft Cloud OS Network
Rackspace (RAX) said it expanded its Managed Private Cloud product portfolio and joined the Microsoft (MSFT) Cloud OS Network, adding Fanatical Support for the Microsoft Cloud Platform. It stated, "This includes expertise and support for Windows Server with Hyper-V, System Center and Azure Pack. The offering is now in general availability in all U.S. data centers providing customers with SLA-backed management across the underlying infrastructure, guest operating systems, and select applications including Microsoft Exchange, SharePoint and Lync."
15:57 EDTMSFTWorldwide Business Research to hold a conference
ProcureCon for Digital & Marketing Services 2014 is being held in San Antonio on November 11-13.
12:53 EDTFBFacebook says has over 50M monthly active users for Messenger
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10:48 EDTFBFacebook enhances users' control over News Feeds
Facebook on Friday announced that News Feed settings will now show a list of the top people, Pages and Groups that users have seen in their News Feeds over the past week. Users can choose to sort by people, Pages or Groups posts, or see an overall summary., the social network said. They can unfollow any friend, Page or Group if they don’t want to see their stories in their News Feeds, Facebook added. Users can also see who they’ve unfollowed in the past and can choose to re-follow them at anytime, the company stated. If users see a story they're not interested in or don’t want to see, they can tap the arrow in the top right of that story to hide it, Facebook said. Reference Link
09:35 EDTFBActive equity options trading
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08:26 EDTBBRYBlackBerry CEO meets with Lenovo, seeks partnerships in China, Bloomberg reports
BlackBerry (BBRY) CEO John Chen acknowledged meeting with the heads of Xiaomi and Lenovo (LNVGY) and said his company's strengths in security, encryption and privacy may present opportunities for agreements on technology licensing, distribution or manufacturing in China, reported Bloomberg, citing an interview with Chen at the Asia-Pacific Economic Cooperation CEO Summit. Reference Link
07:23 EDTMSFTRBC Capital to hold a conference
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November 9, 2014
17:49 EDTBBRYBlackBerry plans few devices as it focuses on profitability, Reuters says
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