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Stock Market & Financial Investment News

News Breaks
March 27, 2014
14:27 EDTFB, BBRY, MSFT, FRFHFEarnings 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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June 23, 2015
07:33 EDTBBRYBlackBerry, Cisco sign broad patent cross-licensing agreement
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07:13 EDTBBRYBlackBerry up 7.6% after reporting Q1 results
07:06 EDTBBRYBlackBerry CEO says taking steps to make handset business profitable
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07:05 EDTBBRYBlackBerry continues to anticipate positive free cash flow in FY16
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07:05 EDTBBRYBlackBerry recognized hardware revenue on 1.1M smartphones
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07:02 EDTBBRYBlackBerry reports Q1 EPS (5c), consensus (3c)
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06:05 EDTMSFTMicrosoft may charge extra licensing fees for high-end notebooks, DigiTimes says
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06:05 EDTMSFTNo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
06:04 EDTMSFTOracle says extending enterprise cloud portfolio
At a live event yesterday, Oracle (ORCL) Executive Chairman of the Board and CTO Larry Ellison announced new additions to the Oracle Cloud Platform, a comprehensive, integrated suite of services that make it easier for developers, IT professionals, business users and analysts to build, extend and integrate cloud applications. With more than 24 new cloud services, the Oracle Cloud Platform "extends Oracle's leadership with the world's broadest and deepest portfolio" of SaaS, PaaS and IaaS. Newly available Oracle Cloud services include, Oracle Database Cloud - Exadata, Oracle Archive Storage Cloud, Oracle Big Data Cloud, Oracle Integration Cloud, Oracle Mobile Cloud, and Oracle Process Cloud. The Oracle Cloud Platform helps customers build new applications, extend existing ones, and easily move existing on-premises workloads to the cloud with no application changes. The services are designed to maximize end user experience and productivity; enable developers to manage and analyze data, rapidly develop, test and deploy applications; enable architects to quickly integrate across on-premises and cloud applications; and enable business users to drive rich business insights and enterprise collaboration. With the Oracle Cloud Platform, customers and partners are able to take advantage of the industry-leading Oracle middleware and database software that thousands of global organizations already use to run their own businesses, all delivered via cloud. The extensive level of automation that has been engineered into the Oracle Cloud, results in faster time-to-value, greater innovation, and lower cost for customers. "Oracle is growing really fast. We sold $426M worth of business in SaaS and PaaS last quarter, a 200 percent increase over the same quarter last year. That's an industry record, no company has ever sold that much in just one quarter," said Ellison. "Oracle is the only company on the planet that can deliver a complete, integrated, standards-based suite of services at every layer of the cloud. Those technology advantages enable us to be much more cost-effective than our competitors. Our new Archive Storage service goes head-to-head with Amazon Glacier (AMZN) and it's one-tenth their price."
05:56 EDTBBRY, MSFTEarnings Watch: Analyst says BlackBerry's FY16 targets looking 'unttainable'
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June 22, 2015
16:00 EDTFBOptions Update; June 22, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 17.45. Option volume leaders: AAPL FB BAC CHK WMB BABA TWTR MU AMBA TSLA JPM
15:46 EDTBBRYBlackberry June weekly 9 straddle priced for 7.6% movement into Q1
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15:00 EDTBBRYNotable companies reporting before tomorrow's open
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14:42 EDTMSFT, FBOculus potential not reflected in Facebook's stock price, Piper Jaffray says
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13:00 EDTBBRYBlackberry June weekly volatility elevated into Q1 and outlook
Blackberry June weekly call option implied volatility is at 88, July is at 49, August is at 44; compared to its 52-week range of 34 to 75, suggesting large near term price movement into the expected release of Q1 results on June 23.
11:21 EDTBBRYStocks with call strike movement; TWTR BBRY
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09:40 EDTFBActive equity options trading on open
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07:31 EDTFBFacebook catching up to YouTube in video ads, Reuters says
Facebook (FB) is gaining market share on Google's (GOOG) YouTube in online video advertising, reports Reuters, citing a published Ampere Analysis report. Reference Link
06:25 EDTFBFacebook's CPO to outline new format for mobile advertising, WSJ reports
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06:03 EDTFBFacebook price target raised to $120 from $92 at Piper Jaffray
Piper Jaffray analyst Gene Munster raised his price target for shares of Facebook to $120 and keeps an Overweight rating on the name. Facebook is the best play on the "next computer paradigm of virtual reality," Munster tells investors this morning in a research note. Oculus, the company's virtual reality technology, is an "insurance policy on the relevance of Facebook's social portfolio as technology shifts,” Munster writes. He believes the long-term value of technology is not reflected in the current share price. The social networking giant closed Friday down 39c to $82.51.
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