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Stock Market & Financial Investment News

News Breaks
February 11, 2013
07:33 EDTFIO, EMC, TIBX, SAP, MLNX, SPLK, QLIK, INFA, RHT, IBM, BIRT, TDCBarclays to host a conference
2nd Annual Big Data Conference is being held in San Francisco on February 11.
News For BIRT;QLIK;TIBX;IBM;SPLK;EMC;RHT;MLNX;FIO;INFA;SAP;TDC From The Last 14 Days
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August 26, 2015
11:50 EDTEMCEMC-VMware report shows board knows status quo 'not an option,' says Wells Fargo
After Re/code's Arik Hesseldahl reported that EMC's (EMC) board is "actively considering" a downstream merger proposal under which it would be acquired by VMware (VMW), Wells Fargo analyst Maynard Um said he views the most important takeaway to be that the board views maintaining the status quo as "not an option" amid the rapid shift in the industry. Um thinks an EMC buy-in of VMware, which the report contends is the preferred option of EMC CEO Joe Tucci, presents a cleaner path with less variables but says that in either case it "seems clear that something will happen," which he views as a positive.
09:25 EDTEMCOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Abercrombie & Fitch (ANF), down 15.1%... Express (EXPR), up 9.8%... Frontline (FRO), up 10.4%... Chico's FAS (CHS), up 9.3%. ALSO HIGHER: Oshkosh (OSK), up 11.9% after being awarded a $6.7B contract by the U.S. Army... EMC Corporation (EMC), up 5.8% after Re/code reported that the board is considering a VMware (VMW) downstream merger proposal... Google (GOOG), up 4.6% after being upgraded to Conviction Buy from Neutral at Goldman... Ford (F), up 2.4% after Bloomberg reported that the company is considering returning production of Bronco and Ranger to the U.S. NOTABLE: Cameron International (CAM), up 45.4% after announcing that it will be acquired by Schlumberger (SLB). Schlumberger is down 1.9%. LOWER: WisdomTree (WETF), down 3.6% after being downgraded to Sell from Buy at Citi... Transocean (RIG), down 3.4% after proposing to cancel Q3 and Q4 dividends.
08:40 EDTIBMIBM upgraded to Buy at Argus on valuation, easier comps
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08:23 EDTEMCEMC board 'considering' VMware downstream merger proposal, Re/code reports
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07:44 EDTIBMIBM upgraded to Buy from Hold at Argus
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07:01 EDTEMCNimble Storage reported another 'solid' quarter, says Summit Research
Summit Research analyst Srini Nandury called Nimble Storage's (NMBL) quarterly results "solid," highlighting the company's report of strong demand, higher deal sizes and addition of an all-time high 690 new customers. The firm, which said it expects Nimble to gain share from both EMC (EMC) and NetApp (NTAP) "in short order," reiterates its Buy rating and $40 price target on Nimble shares.
06:44 EDTSAPWorkday valuation contingent on competitors in cloud market, WSJ reports
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August 25, 2015
08:32 EDTMLNXMellanox says EDR 100Gb/s InfiniBand solutions selected by KTH Royal
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08:20 EDTSPLKSplunk August weekly volatility elevated into Q2 and outlook
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August 24, 2015
09:19 EDTSPLKSplunk downgraded to Hold at Summit Research on expected tech correction
As previously reported, Summit Research analyst Srini Nandury downgraded Splunk to Hold from Buy. Nandury noted that the downgrade is not a call on the company's Q2 results, as he believes Splunk's momentum "continues unabated" and that its fundamentals are intact. However, the analyst tells investors this morning that he thinks tech stocks "are in for a major correction" and that "high flyers" like Splunk will see their multiples compress more than other tech names. Nandury cut his price target on Splunk shares to $50 from $84, stating that to remain at current levels, Splunk has to not only beat estimates "handily" but also must guide up "significantly."
09:18 EDTSPLKOn The Fly: Pre-market Movers
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08:10 EDTSPLKSplunk downgraded to Hold from Buy at Summit Research
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August 23, 2015
14:15 EDTTDCTeradata shares remain unattractive, Barron's says
Teradata shares saw a positive blip after a recently-announced $500M repurchase program, but the stock is still "best viewed from the sidelines," Barron's contends in its 'Follow Up' column, citing the likelihood of multiple contractions and earnings revisions. Reference Link
August 21, 2015
16:01 EDTEMCOptions Update; August 21, 2015
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12:13 EDTIBMBrocade soars after Q3 results top estimates
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06:01 EDTIBMABI Research: Portable PC sales to remain flat in 2015, DigiTimes says
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August 20, 2015
18:07 EDTIBMBrocade seeing pressure in server business due to IBM-Lenovo deal
Brocade (BRCD) says "where we've really seen pressure has been in our server related business," due to market conditions as well as divestiture of IBM's (IBM) commodity business to Lenovo (LNVGY). Says growth of flash storage continues to be one of the "most disruptive" factors in data center. Comments taken from Q3 earnings conference call.
16:45 EDTTDCTeradata authorizes $500M share repurchase increase
Teradata has authorized an additional $500M for share repurchases, expiring August 20, 2018, under its general open market share repurchase program. The company now has total authorization of approximately $860M when the new $500M authorization is combined with the $360M still remaining from the current outstanding authorization.
14:39 EDTEMCEarnings Watch: Hewlett-Packard reports ahead of company split
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12:32 EDTINFAEarnings Watch: Salesforce shares up fractionally since last earnings report
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