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Stock Market & Financial Investment News

News Breaks
May 30, 2014
12:39 EDTLGF, BLOX, BIG, SPLK, BNNY, NQOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday after a report showed that consumer spending fell in April. There has been little for investors to get excited about, as the personal income and spending reports were mixed and the University of Michigan consumer confidence reading was generally in-line with expectations. Volume remains light and the news flow is slow, suggesting the market may drift into the close of the day, which also brings the week and the month to an end. ECONOMIC EVENTS: In the U.S., personal income rose 0.3% in April, matching expectations, while consumer spending fell 0.1%, versus an expected increase of 0.2%. The Chicago ISM index rose 2.5 points to 65.5 in May, which was much better than expected. The final University of Michigan consumer confidence reading for May came in at 81.9, which was up just 0.1 from the prior reading and a hair below the expected 82.5 figure. COMPANY NEWS: Shares of Infoblox (BLOX) plunged 40% after the company's outlook for the new quarter missed expectations, its CEO Robert Thomas said he will step down and the shares were downgraded by at least six Street research firms. MAJOR MOVERS: Among the notable gainers was closeout retailer Big Lots (BIG), which gained 12.5% after the company reported first quarter results that exceeded expectations and raised its guidance. Also higher was China's NQ Mobile (NQ), which provides mobile Internet services focused on security, privacy and productivity. The stock rose 17% after the company said it now expects its Q1 revenues to exceed the previously announced guidance range of $75M-$76M, noting it saw continued strength in its businesses and that its unaudited results will be released "as soon as practicable." Among the noteworthy losers following their earnings reports were data analysis software provider Splunk (SPLK), which fell 17%, film and television show maker Lions Gate Entertainment (LGF), which dropped 12%, and natural and organic food company Annie's (BNNY), which slid nearly 10%. INDEXES: Near midday, the Dow was down 31.99, or 0.19%, to 16,666.75, the Nasdaq was down 15.01, or 0.35%, to 4,232.93, and the S&P 500 was down 1.64, or 0.09%, to 1,918.39.
News For BLOX;NQ;SPLK;LGF;BNNY;BIG From The Last 14 Days
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February 27, 2015
07:40 EDTSPLKSplunk confirms departure of Head of Direct Sales, elimination of position
Splunk management, on the company's Q4 earnings call last night, confirmed that Vishal Rao is leaving the company and that Splunk has decided to eliminate the position of Head of Direct Sales. The Fly notes that Bloomberg reported on February 24 that Rao was leaving the company. Regarding other changes in leadership, Splunk announced that Adam Bangle has joined as Head of Sales in EMEA. Adam formerly was with RSA. At APAC, Emilio Umeoka, who is the company's Head of Global Partners, will now also lead APAC sales. Bill Cull, who's been leading the public sector in the Americas for the past three years, is now in charge of global public sector, and Anthony Palladino continues as Head of Sales in the Americas, Splunk noted.
07:19 EDTBLOXInfoblox upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Infoblox to Buy with a $32 price target following the company's better than expected Q2 results.
05:55 EDTSPLKSplunk Q4 results even better than they appear, says Jefferies
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05:52 EDTBLOXInfoblox price target raised to $28 from $23 at Piper Jaffray
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February 26, 2015
18:43 EDTSPLK, BLOXOn The Fly: After Hours Movers
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16:17 EDTBLOXInfoblox sees Q3 EPS 6c-8c, consensus 6c
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16:16 EDTBLOXInfoblox reports Q2 EPS 9c, consensus 5c
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16:04 EDTSPLKSplunk jumps 3% to $71.93 after Q4 beat, raised sales outlook
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16:04 EDTSPLKSplunk raises FY16 revenue outlook to $600M from $575M
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16:03 EDTSPLKSplunk sees Q1 revenue $116M-$118M, consensus $115.4M
Non-GAAP operating margin is expected to be negative 2%- negative 4%.
16:03 EDTSPLKSplunk reports Q4 EPS 9c, consensus 4c
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15:31 EDTSPLKSplunk weekly volatility elevated into Q4 and outlook
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15:30 EDTSPLK, BLOXNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Monster Beverage (MNST), consensus 59c... Ross Stores (ROST), consensus $1.11... Gap (GPS), consensus 74c... Autodesk (ADSK), consensus 24c... Universal Health Services (UHS), consensus $1.50... Southwestern Energy (SWN), consensus 50c... Ensco (ESV), consensus $1.36... J.C. Penney (JCP), consensus 11c... Nimble Storage (NMBL), consensus (14c)... Herbalife (HLF), consensus $1.22... Allscripts Healthcare (MDRX), consensus 9c... SBA Communications (SBAC), consensus 2c... Aruba Networks (ARUN), consensus 27c... Splunk (SPLK), consensus 4c... Air Lease (AL), consensus 61c... Ingram Micro (IM), consensus 99c... Weight Watchers (WTW), consensus 7c... Northern Oil and Gas (NOG), consensus 19c... Envision Healthcare (EVHC), consensus 36c... Infoblox (BLOX), consensus 5c... Live Nation (LYV), consensus (41c)... OmniVision (OVTI), consensus 29c... Bonanza Creek Energy (BCEI), consensus 27c.
February 24, 2015
13:00 EDTSPLKSplunk VP, Worldwide Field Sales Vishal Rao leaving company, Bloomberg says
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09:04 EDTLGFLionsgate invests in Telltale Games
Lionsgate has made a significant investment in game developer and publisher Telltale Games, the two companies announced today. As part of its investment, Lionsgate Chief Executive Officer Jon Feltheimer will also join the Telltale board. The investment will continue the extension of Lionsgate's film and television brands into the game space and will bring Lionsgate's expertise in creating and marketing premium content to Telltale's unique narrative-driven, storytelling approach to gaming. The collaboration will also enable the two companies to explore opportunities to co-develop existing and original IP into episodic games and television.
February 23, 2015
10:31 EDTLGFEPIX announces extension to Prime Instant Video agreement
EPIX announced that it has extended its agreement with Amazon to license thousands of new releases, classic library titles and original programs for Prime Instant Video. Programming from the agreement includes movies from EPIX studio partners, Paramount Pictures, Lionsgate and Metro-Goldwyn-Mayer Pictures, and delivers new releases such as Transformers: Age of Extinction, Teenage Mutant Ninja Turtles, Interstellar, Selma and The Hunger Games: Mockingjay Part 1, along with classic big film franchises including James Bond, Star Trek, Rocky and more.
07:28 EDTSPLKSplunk risk/reward favorable into Q4 results, says William Blair
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February 18, 2015
09:09 EDTLGFLionsgate and Samsung launch exclusive virtual reality experience
Lionsgate (LGF) and Samsung (SSNLF) have teamed up to create the exclusive virtual reality experience "Insurgent- Shatter Reality". The four-minute visual work of art is a fully-immersive, 360-degree narrative experience set in the world of the upcoming feature film The Divergent Series: Insurgent.
February 17, 2015
11:14 EDTNQBlock sees 'pure speculation' as only reason investors hold NQ Mobile stock
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08:11 EDTSPLKSplunk says Yahoo selects Hunk for Hadoop analytics platform
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