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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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November 21, 2014
08:22 EDTSPLKSplunk price target raised to $78 from $68 at JMP Securities
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07:43 EDTSPLKSplunk price target raised to $73 from $64 at UBS
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07:33 EDTSPLKSplunk price target raised to $80 from $68 at Pacific Crest
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07:25 EDTSPLKSplunk price target raised to $80 from $68 at Canaccord
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07:10 EDTSPLKSplunk price target raised to $75 from $65 at Stifel
Stifel raised its price target on Splunk after the company reported stronger than expected results. The firm thinks the results were strong, while the company's revenue visibility is improving. It keeps a Buy rating on the shares.
06:59 EDTSPLKSplunk reported strong Q3 results, says Cantor
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November 20, 2014
18:21 EDTSPLKOn The Fly: After Hours Movers
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16:11 EDTSPLKSplunk rallies 6% to $69 after Q3 results beat estimates
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16:10 EDTSPLKSplunk sees FY16 revenue $575M, consensus $570.3M
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16:10 EDTSPLKSplunk initiated with a Buy at Jefferies
Target $89.
16:10 EDTSPLKSplunk raises FY14 revenue outlook to $438M-$440M from $423M-$428M
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16:09 EDTSPLKSplunk sees Q4 revenue $135M-$137M, consensus $133.26M
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16:08 EDTSPLKSplunk reports Q3 EPS 2c, consensus 1c
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15:28 EDTSPLKNotable companies reporting after market close
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10:50 EDTLGFMockingjay U.S. opening to trail prior Hunger Games film, Piper predicts
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10:33 EDTLGFHigh option volume stocks
High option volume stocks: KBR LM PRGO CHRW DG ZMH LGF ZTS OSIR REGI
09:51 EDTSPLKSplunk likely to continue 'big beat, small raise' pattern, says Janney Capital
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November 19, 2014
09:01 EDTSPLKBig data for security could reach $4B-$5B, says FBR Capital
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08:33 EDTSPLKSplunk November volatility elevated into Q3 and outlook
Splunk November call option implied volatility is at 126, December is at 65, January is at 57; compared to it 26-week average of 56 according to Track Data, suggesting large price movement into the expected release of Q3 on November 20.
November 14, 2014
13:38 EDTSPLKSplunk November volatility elevated into Q3 and outlook
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