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March 27, 2014
14:27 EDTMSFT, FRFHF, FB, BBRYEarnings 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 15, 2015
19:29 EDTMSFTMicrosoft delays, possibly kills tool to translate Android apps, Re/code says
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17:54 EDTFBFacebook to expand use of 'Safety Check' feature in wake of Paris attacks
Facebook announced it will be expanding its use of "Safety Check," a feature allowing users of the social network who live in endangered areas of the world to let friends and family know they are safe. Traditionally limited to natural disasters, the policy change has been made in the wake of the terrorist attacks on Paris, France, during which the company turned on Safety Check for affected users. The move spurred both praise for quick action and criticism for not using the feature during other serious events such as Thursday's tragedy in Beirut, prompting Facebook to reconsider its use of the service. "Each time we have launched the tool, we've improved it... We are learning to make the tool and policies behind it better as we go -- and because Safety Check is a relatively new feature for us, we're still understanding how it can best be used... We talked with our employees on the ground, who felt that there was still a need that we could fill. So we made the decision to try something we've never done before: activating Safety Check for something other than a natural disaster... We want this tool to be available whenever and wherever it can help," explained the company.
November 13, 2015
16:00 EDTMSFT, FBOptions Update; November 13, 2015
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09:35 EDTFB, MSFTActive equity options trading on open
Active equity options trading on open: AAPL CSCO FB BAC BABA MSFT NFLX INTC JCP AMZN C
06:27 EDTMSFTMicrosoft brings major updates to Xbox One, WSJ reports
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November 12, 2015
17:41 EDTMSFTValueAct discloses sale of 18.65M shares of Microsoft
In a regulatory filing, ValueAct disclosed the sale of 18.65M shares of Microsoft.
16:00 EDTMSFT, FBOptions Update; November 12, 2015
iPath S&P 500 VIX Short-Term Futures up 1.28 to 20.18. Option volume leaders: GE AAPL MNKD XOM BAC FB SUNE CSCO NFLX SYF BABA MSFT
14:00 EDTFBFacebook Messenger testing ephemeral messaging in France, BuzzFeed says
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13:24 EDTMSFTEarnings Watch: Cisco seeks to break out of trading rut with Q1 report
Cisco Systems (CSCO) is scheduled to report results of its fiscal first quarter after the market close on Thursday, November 12 with a conference call scheduled for 4:30 pm ET. Cisco, a member of the Dow Jones Industrial Average, sells Internet protocol-based networking and other products related to the communications and IT industry and provides related services. EXPECTATIONS: Analysts are looking for earnings per share of 56c on revenue of $12.65B, according to First Call. The consensus range for EPS is 55c-59c on revenue of $12.55B-$12.81B. Along with its quarterly report, Cisco guided to Q1 EPS of 55c-57c and said it expects its revenue to increase 2%-4% year over year. LAST QUARTER: On August 12, Cisco reported fourth quarter EPS of 59c on revenue of $12.8B, beating consensus estimates of 56c and $12.65B for EPS and revenue, respectively. NEWS: On its Q4 earnings conference call, Cisco said that it was looking at acquisitions at the right price, particularly in areas like software and security. On August 31, Apple (AAPL) and Cisco announced a partnership to build a "fast lane" for iOS business users by optimizing Cisco networks for iOS devices and apps, integrating iPhone with Cisco enterprise environments and providing unique collaboration on iPhone and iPad. The next day, Cisco was among multiple other companies, including Amazon (AMZN), Google (GOOG), Intel (INTC), Microsoft (MSFT), Mozilla, and Netflix (NFLX), announcing the formation of the Alliance for Open Media to build next-generation media formats, codecs, and technologies in the public interest. On September 3, Business Insider reported that people at Cisco still though that chairman John Chambers was running the show as chief executive officer after appointing Chuck Robbins to that role last May. On September 15, Mandiant, a FireEye (FEYE) subsidiary, said in a blog post that researchers discovered previously unknown attacks on certain routers and that such attacks replace the operating system used in Cisco equipment. About a week later, the Wall Street Journal reported that Cisco was aiming to strengthen its business in China by joining forces with Inspur group, a move which was confirmed on September 24. On October 29, Cisco announced its intention to acquire 1 Mainstream. CNBC later reported that the company paid $100M-$150M to acquire 1 Mainstream. On November 9, Ericsson (ERIC) and Cisco announced a global business and technology partnership to "create the networks of the future." The companies said that the strategic partnership will be a key driver of growth and value for the next decade, with each company benefiting from incremental revenue in calendar year 2016 and expected to ramp to $1B or more for each by 2018. STREET RESEARCH: On August 17, Morgan Stanley downgraded Cisco to Equal Weight from Overweight and maintained a $30 price target on the stock, saying it did not believe improved growth is "secular" and anticipates growth will revert to GDP like levels as the upgrade cycle concludes. Wells Fargo said on August 28 that a 10% selloff in communication tech stocks, including Cisco, had created an attractive buying opportunity. Bernstein said a week later that Cisco, Juniper (JNPR), and F5 Networks (FFIV) should be bought on wider macro economic weakness. On October 6, Citi initiated coverage of Cisco with a Buy rating and $30 price target. A week later, Barclays initiated coverage of Cisco with an Overweight rating and a $32 price target. On November 9, RBC Capital maintained an Outperform rating and $33 price target on Cisco, saying it expects the company to report slightly better than expected results. The next day, SunTrust maintained a Buy rating on Cisco, saying its partnership with Ericsson was a positive and should strengthen Cisco's service provider business. PRICE ACTION: In afternoon trading ahead of tonight's report, Cisco shares were up 0.5% to $27.97. In the last three months, Cisco shares are fractionally higher and virtually unchanged when discounting this afternoon's slight rise.
13:10 EDTFBFacebook selling virtual reality-like video ads, Re/code reports
Facebook will begin publishing 360-degree video content into your NewsFeed that will include 360-degree video ads, reports Re/code. Thursday is the first time that Facebook has rolled out a 360-degree video ad. Reference Link
09:36 EDTFBActive equity options trading on open
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08:30 EDTMSFTMicrosoft volatility flat as shares trade near 14-year high
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06:49 EDTFBFacebook considers new ad strategies for Instant Articles, WSJ reports
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06:39 EDTMSFTMicrosoft unveils plan to protect European data from U.S. overreach, FT says
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06:09 EDTFBFacebook reports increase in government requests for data
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November 11, 2015
16:00 EDTFBOptions Update; November 11, 2015
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12:41 EDTFBFacebook launches Notify app
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09:38 EDTFBActive equity options trading on open
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08:15 EDTBBRYBlackBerry December volatility elevated on wide price movement into Q3
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06:19 EDTFBAppNexus talks to Goldman, other banks about IPO plans, Business Insider reports
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