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Stock Market & Financial Investment News

News Breaks
June 10, 2014
04:55 EDTBSFT, BSFT, BSFT, RP, RP, RP, N, N, N, DFS, DFS, DFS, ABCO, ABCO, ABCO, PRAA, PRAA, PRAA, AKAM, AKAM, AKAM, ARUN, ARUN, ARUN, GRUB, GRUB, GRUB, DORM, DORM, DORM, ADS, ADS, ADS, MD, MD, MDWilliam Blair to hold a conference
34th Annual Growth Stock Conference to be held in Chicago on June 10-12.
News For BSFT;ADS;DORM;GRUB;ARUN;AKAM;PRAA;ABCO;DFS;N;RP;MD From The Last 14 Days
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June 30, 2015
07:13 EDTPRAANasdaq to hold a conference
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June 26, 2015
16:48 EDTDFSDiscover files automatic mixed securities shelf
07:55 EDTGRUBGrubHub price target lowered on competition concerns at Cowen
Cowen lowered its price target on GrubHub to $42 from $45 based on competitive concerns. The firm noted the competitors are small, but they are setting up to break-out and are on track to capture 50% online order growth in 2015. Cowen maintained its Outperform rating on GrubHub shares.
June 24, 2015
06:47 EDTAKAMAkamai releases Q1 'State of the Internet' report
Akamai Technologies released its Q1 State of the Internet Report. Based on data gathered from the Akamai Intelligent Platform, the report provides insight into key global statistics such as connection speeds and broadband adoption across fixed and mobile networks, overall attack traffic, global 4K readiness, and IPv4 exhaustion and IPv6 implementation. the first quarter of 2015, Akamai observed a 1.2% quarterly increase in the number of unique IPv4 addresses connecting to the Akamai Intelligent Platform, growing to over 812 million—about 10 million more than were seen in the fourth quarter of 2014. n the first quarter, average mobile connection speeds ranged from a high of 20.4 Mbps in the United Kingdom—a 27% increase over the fourth quarter—to a low of 1.3 Mbps in Vietnam. Average peak mobile connection speeds ranged from 149.3 Mbps in Australia to 8.2 Mbps in Indonesia. Denmark saw 98% of unique ip addresses from mobile providers connect to Akamai at speeds above 4 Mbps, followed by Sweden and Venezuela with 97% each. On the other end of the spectrum, four countries—Vietnam, Iran, Kazakhstan, and Bolivia—each had less than 1% of ip addresses connecting at those speeds. Based on traffic data collected by Ericsson, the global volume of mobile data traffic grew by 12% between the fourth quarter of 2014 and first quarter of 2015. Analysis of Akamai io data collected during the first quarter from a sample of requests to the Akamai Intelligent Platform indicates that for traffic from mobile devices on cellular networks, Apple Mobile Safari accounted for roughly 35% of requests, down slightly from 36% in the fourth quarter, while Android Webkit and Chrome for mobile accounted for 23% and 16% of requests, respectively—giving a total of 39% for the Android platform. For traffic from mobile devices across all networks, Apple Mobile Safari was responsible for close to 47% of requests, down from 48% last quarter, while Android Webkit and Chrome Mobile made up just over 25% and 17% of requests, respectively, for a total of 42%. ontinuing the trend seen in the fourth quarter of 2014, the number of unique IPv4 addresses worldwide connecting to Akamai grew by nearly 10 million in the first quarter. As noted in last quarter’s report, however, the company expects that the number of unique global IPv4 addresses seen by Akamai may level off or decline in the future as more carriers implement carrier-grade network address translation solutions in an effort to conserve limited IPv4 address space and as they increase support for and availability of native IPv6 connectivity for subscribers.
June 23, 2015
11:13 EDTGRUBAnalyst upbeat on GrubHub, starts with Buy rating
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10:00 EDTGRUBOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Adeptus Health (ADPT) initiated with a Buy at BofA/Merrill... Angie's List (ANGI) initiated with a Hold at Topeka... Avenue Financial (AVNU) initiated with an Equal Weight at Stephens... CASI Pharmaceuticals (CASI) initiated with a Buy at H.C. Wainwright... Corindus (CVRS) initiated with a Buy at Stifel... Coupons.com (COUP) initiated with a Market Perform at William Blair... Five Below (FIVE) initiated with an Outperform at RBC Capital... Franklin Financial Network (FSB) initiated with an Equal Weight at Stephens... Galmed (GLMD) initiated with a Buy at H.C. Wainwright... Genesis Healthcare (GEN) initiated with a Neutral at Susquehanna... Groupon (GRPN) initiated with a Hold at Topeka... GrubHub (GRUB) initiated with a Buy at Topeka... Hercules Technology (HTGC) initiated with a Buy at Compass Point... Immersion (IMMR) initiated with a Buy at Craig-Hallum... Lipocine (LPCN) initiated with a Buy at Canaccord... NeoGenomics (NEO) initiated with a Buy at BTIG... Novadaq (NVDQ) initiated with a Neutral at BTIG... Perrigo (PRGO) initiated with an Outperform at BMO Capital... Signal Genetics (SGNL) initiated with a Buy at Chardan... Standard Motor Products (SMP) initiated with a Neutral at CL King... United Community Financial (UCFC) initiated with a Market Perform at Keefe Bruyette... WP Glimcher (WPG) initiated with a Neutral at Goldman... WhiteWave (WWAV) initiated with a Buy at Maxim... Yelp (YELP) initiated with a Buy at Topeka.
06:19 EDTGRUBGrubHub initiated with a Buy at Topeka
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June 19, 2015
07:18 EDTGRUBGrubHub weakness an overreaction, says Brean Capital
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June 18, 2015
15:00 EDTPRAAPRA Group management to meet with William Blair
Meetings to be held in Europe June 22-26 hosted by William Blair.
12:04 EDTMDMEDNAX management to meet with SunTrust
Meeting to be held in Boston on June 24 hosted by SunTrust.
12:01 EDTGRUBGrubHub July volatility at low end of range
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10:01 EDTABCOOn The Fly: Analyst Initiation Summary
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09:06 EDTDFSDiscover coverage resumed with a Buy at Stifel
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08:13 EDTGRUBGrubHub shares pricing in concerns, says Citi
Citi believes GrubHub shares at current levels are pricing in concerns about slowing growth in major cities and the potential for increased competition from recently-funded startups. The firm reduced its estimates for GrubHub but believes the risk to consensus is "relatively small" compared with the recent pullback in shares. It keeps a Buy rating on the name with a $44 price target.
June 17, 2015
16:21 EDTABCOThe Advisory Board initiated with an Outperform at Oppenheimer
Target $65.
06:31 EDTDFSHanmi added to Top Picks List, Discover removed at FBR Capital
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June 16, 2015
15:50 EDTDFSDiscover to close home loans business, sees 4c per share charges related to exit
Discover Financial announced that it is closing the mortgage origination business it acquired in 2012 to focus on its profitable direct banking products for which the company sees greater opportunities for growth. "The business is not projected to meet our financial expectations due to ongoing challenges to our home loans operating model, so we made the difficult decision to exit," said Carlos Minetti, president of consumer banking for Discover. Discover Home Loans will accept applications at its Louisville, Ken., offices through July 31. Business operations will continue there until early August, when Atlanta-based AmeriSave Mortgage Corporation is expected to finish processing the remaining applications. AmeriSave plans to establish an office in Louisville and offer jobs to approximately 125 Discover employees. At Discover’s Irvine, Calif., location, the business will stop accepting applications as of today and will continue processing and funding loans already in process. In all, Discover plans to offer severance packages to about 460 employees, primarily in Irvine, and Louisville. Charges related to exiting the business are expected to be approximately 4c per share. Discover will continue to originate home equity loans through Discover Bank, the company noted.
07:17 EDTGRUBUber previously had talks with Apple, Starbucks on logistics tie-up, WSJ says
Uber was reportedly in talks “in recent months” with Apple (AAPL) and Starbucks (SBUX) to create partnerships to help build its same-day product delivery program, but both companies instead went with startup courier service Postmates, the Wall Street Journal reports, citing people familiar with the matter. Uber launched its logistics service a year ago with plans to sign up with “dozens” of retailers, yet has announced partnerships with only six, the report says. Eat24, owned by Yelp (YELP), and GrubHub (GRUB) also held discussions with Uber but haven't reached any agreements, the report says. Reference Link

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