New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 5, 2014
10:20 EDTBLOX, MELI, UNXL, SPLK, SFMOptions with decreasing implied volatility: BLOX MELI UNXL SPLK SFM
News For BLOX;MELI;UNXL;SPLK;SFM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 16, 2014
12:11 EDTMELIeBay sinks after trimming fiscal 2014 revenue outlook
Shares of e-commerce company eBay (EBAY) are sinking after the firm missed revenue expectations for the third quarter and lowered its outlook for for fiscal 2014. The mid-point of its fourth quarter earnings per share, as well as its Q4 revenue guidance also fell below analysts' consensus estimates. WHAT'S NEW: Last night, eBay reported Q3 EPS of 68c and revenue of $4.35B, compared to consensus of 67c and $4.37B, respectively. For the quarter, Marketplaces segment toatl net revenue increased $129M from last year, Payments segment total net revenue increased $330M and Enterprise segment total net revenue increased $7M. In a filing, eBay said that it had no material operating expenses directly related to a cyberattack, but noted that the cyberattack did adversely affect its Marketplaces revenue in the quarter. The company said it is currently unclear whether any loss of customer trust resulting from the breach could negatively impact its Marketplaces segment's results of operations on an ongoing basis or "require us to increase promotional efforts to regain such trust." WHAT'S NOTABLE: Looking ahead, eBay forecast Q4 EPS of 88c-91c and revenue of $4.85B-$4.95B, versus consensus estimates of 91c and $5.16B, respectively. The company announced that FY14 EPS would come in at the low end of its previous guidance of $2.95-$3.00, compared to consensus of $2.97. eBay also lowered its FY14 revenue outlook to $17.85B-$17.95B from $18B-$18.3B, versus analysts' consensus estimates of $18.15B. eBay cited slower Marketplace growth and FX headwinds for the reduced guidance. eBay said PayPal is on track to process 1B mobile transactions in 2014 and that it expects the PayPal separation to be complete in 2H15. ANALYST REACTION: This morning, research firm RBC Capital downgraded eBay to Sector Perform from Outperform following the Q3 report, citing softness in Marketplaces and lower than expected Payments segment margins. The firm lowered its price target on the shares to $55 from $62. Another firm, Stifel, said eBay shares are approaching compelling levels. However, Stifel noted that it is reluctant to become more positive on the stock without more information about the PayPal spin off, potential cost structure changes after the spin and before the stabilization of current operating trends. Stifel kept a Hold rating on the shares. CLSA downgraded eBay to Underperform from Buy and lowered its price target to $52 from $66. The firm cited ongoing issues with Marketplaces, execution risks post split, diminishing PayPal competitive advantages and potential M&A barriers. PRICE ACTION: In intra day trading, eBay fell $3.13, or about 6.3%, to $47.10 on heavy trading volume. Including today's pull back, the shares have lost approximately 12% over the past 12 months. OTHERS TO WATCH: Other ecommerce companies include Amazon.com (AMZN), down 1.8%, and Mercadolibre (MELI), down 0.9%.
October 13, 2014
11:32 EDTMELIMercadoLibre to host investor day
Investor Day to be held in New York on October 15 at 9 am. Webcast Link
09:23 EDTSPLKHP could buy lower valuation company, says Bernstein
Subscribe for More Information
06:42 EDTSFMSprouts Farmers Markets upgraded to Buy from Neutral at SunTrust
Subscribe for More Information
06:04 EDTSPLKSplunk upgraded to Outperform from Market Perform at William Blair
William Blair upgraded Splunk to Outperform citing better earnings visibility and more reasonable valuation levels.
October 12, 2014
17:20 EDTSPLKGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
Subscribe for More Information
October 10, 2014
07:23 EDTSPLKSplunk price target raised to $65 from $56 at Deutsche Bank
Subscribe for More Information
October 8, 2014
07:17 EDTSPLKSplunk price target raised to $64 from $55 at UBS
Subscribe for More Information
October 7, 2014
08:08 EDTSPLKSplunk, AWS to integrate Hunk on Amazon Elastic MapReduce
Subscribe for More Information
07:59 EDTSFMWhole Foods prices 13%-30% higher than peers, says Jefferies
Subscribe for More Information
October 6, 2014
14:38 EDTSPLKSplunk received $2.1M from government department says JMP Securities
Subscribe for More Information
14:09 EDTSPLKSplunk, Tableau seen by Morgan as well-positioned in Big Data space
Subscribe for More Information
10:04 EDTSPLKOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:25 EDTSPLKOn The Fly: Pre-market Movers
HIGHER: HP (HPQ), up 5% after confirming plans to separate into two companies... CareFusion (CFN), up 24% after Becton Dickinson (BDX) agreed to acquire the company for $58 per share in $12.2B deal. Becton Dickinson shares are up 7% following the news... Chimerix (CMRX), up 7% after announcing announced that brincidofovir has been provided for potential use in patients with Ebola Virus Disease... Conn's (CONN), up 6.5% after announcing that it is exploring strategic alternatives... TASER (TASR), up 5% after announces multiple orders of TASER Smart Weapons... Tableau (DATA), up 3.5% after upgraded at Morgan Stanley... Splunk (SPLK), up 3.9% after upgraded at Morgan Stanley... Unilife (UNIS), up 52% after signing a 15-year commercial supply agreement with Sanofi (SNY). LOWER: RadioShack (RSH), down 5% after confirming definitive agreements to restructure debt... Alcobra (ADHD), down 43% after announcing results from Phase III study of MDX in adult ADHD... Sunesis (SNSS), down 71% after announcing Phase 3 VALOR trial did not meet primary endpoint... H&R Block Bank (HRB), down 5% after deal with BofI (BOFI) not expected to get regulatory approval this year. Tekmira (TKMR), down 8% after downgraded at Leerink.
07:23 EDTSPLKSplunk to hold a financial analyst meeting
In conjunction with the company's annual users' conference, CFO Conte hosts a financial discussion with investors and financial analysts in Las Vegas on October 7 at 2:15 pm. Webcast Link
07:10 EDTSPLKSplunk to hold a user conference
Subscribe for More Information
05:54 EDTSPLKSplunk upgraded to Overweight from Equal Weight at Morgan Stanley
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use