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December 14, 2012
09:25 EDTBBY, ADBE, ALXA, BV, ZQK, CYTXOn The Fly: Pre-market Movers
HIGHER AFTER EARNINGS: Adobe (ADBE), up 5.7%... ALSO HIGHER: Alexa Pharmaceuticals (ALXA), up 21.4% after approval granted in EU for Adasuve... Bazaarvoice (BV), up 7.4% after upgrade to Outperform at Credit Suisse... LOWER AFTER EARNINGS: Quiksilver (ZQK), down 14%... Verifone (PAY), down 7.6%... ALSO LOWER: Best Buy (BBY), down 10.8% after board extends deadline for bid from founder Schulze... Cytori Therapeutics (CYTX), down 15% after 7M share secondary stock offering.
News For BBY;ADBE;ALXA;BV;ZQK;CYTX From The Last 14 Days
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September 25, 2014
08:19 EDTBBYBest Buy management to meet with Deutsche Bank
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September 24, 2014
15:34 EDTCYTXCytori Therapeutics restructuring, new alignment positive, says Maxim
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10:03 EDTBBYBest Buy confirms exclusive tech accessories from fashion designers
Best Buy confirmed that it will introduce exclusive tech accessories from fashion designers Nanette Lepore, Anna Sui, and Isaac Mizrahi. All will reflect and be inspired by the designers’ current collections and will be available only at Best Buy. All three collections will debut Sunday, Oct. 5 at BestBuy.com and in Best Buy stores.
08:11 EDTBBYBest Buy hope designer accessories will bring more women to stores, Re/code says
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07:43 EDTADBEAdobe to close down R&D operations in China, TheNextWeb reports
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September 23, 2014
10:33 EDTADBEOptions with decreasing implied volatility
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September 22, 2014
16:02 EDTADBEAdobe acquires Aviary to fast-track creative cloud app development
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11:02 EDTADBEOptions with decreasing implied volatility
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08:12 EDTCYTXCytori sees 'modest overall revenue growth' in FY14
The company said, "Despite the impact of the cost reduction efforts, Cytori continues to anticipate modest overall revenue growth in 2014. Overall revenue growth in 2015 and 2016 will likely continue to be modest but should show a positive contribution margin beginning in 2015 based on the combination of recent expense reductions and forecasted increases in sales to Lorem Vascular and other partners, as well as through Cytori’s leaner direct sales teams in both Japan and Europe." FY14 revenue consensus $15.06M.
08:05 EDTCYTXCytori announces restructuring, cost reduction plans
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September 19, 2014
10:28 EDTADBEOptions with decreasing implied volatility
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September 18, 2014
10:27 EDTADBEOptions with decreasing implied volatility
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09:09 EDTALXAAlexza Pharmaceuticals updates Adasuve inhalation powder marketing in Europe
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September 17, 2014
12:01 EDTADBEAdobe falls after Q4 revenue outlook trails consensus
Shares of creative software maker Adobe Systems (ADBE) are falling after it guided to fourth quarter revenue below analysts' consensus view. WHAT'S NEW: Last night, Adobe reported Q3 adjusted earnings per share of 28c and revenue of $1.005B, compared to analysts' consensus estimates of 26c and 1.02B, respectively. Adobe exited Q3 with 2.81M creative cloud subscriptions, a sequential increase of 502,000. WHAT'S NOTABLE: Adobe forecast Q4 adjusted EPS of 26c-32c, versus consensus of 31c. The company sees Q4 revenue of $1.025B-$1.075B, below the consensus forecast of $1.09B. The company expects net new creative cloud subscriptions to grow sequentially in Q4 to slightly exceed its target of 1M. ANALYST REACTION: This morning, analyst commentary was positive, with several firms recommending buying shares of Adobe on any weakness. Research firm Stern Agee was among them, stating that Adobe's revenue miss was driven by a shift of perpetual licenses to term contracts. Sterne Agee said that Adobe's deferred revenue outperformed, which should give long-term investors confidence in the name. It believes the long-term transition story is intact, and expects upside to revenues in FY15. The firm kept a Buy rating on the shares with a price target of $85. Two other firms, JMP Securities and BofA Merrill Lynch also recommended buying Adobe amid its post-earnings weakness. PRICE ACTION: Near noon, Adobe fell $2.74, or nearly 4%, to $68. Despite today's pull-back, the shares have gained about 40% over the past 12 months. ANOTHER TO WATCH: Autodesk, (ADSK), which also serves software customers in the digital media and entertainment industries, is down fractionally to $54.54.
11:02 EDTADBEOptions with decreasing implied volatility
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09:15 EDTADBEAdobe shares should be bought on weakness, says Sterne Agee
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09:10 EDTADBEOn The Fly: Pre-market Movers
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08:32 EDTADBEAdobe should be bought on any weakness, says JMP Securities
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07:21 EDTADBEAdobe weakness a buying opportunity, says BofA/Merrill
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05:55 EDTADBEStocks with implied volatility top IV index mean; AMD ADBE
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