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Stock Market & Financial Investment News

News For C;AAPL;T;AKAM From The Last 14 Days
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February 9, 2016
17:40 EDTAKAMAkamai advances 16% to $46 per share after Q4 results, guidance
16:57 EDTAKAMAkamai sees two largest customers to contribute 6% to revenue in 2016
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16:55 EDTAKAMAkamai sees Q1 EPS 61c-64c, consensus 61c
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16:09 EDTAAPLOptions Update; February 9, 2016
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16:07 EDTAKAMAkamai trades up after results
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16:06 EDTAKAMAkamai announces evolution to organizational structure
Akamai Technologies announced an evolution to its organizational structure aimed at increasing productivity and growth opportunities from its ongoing innovation and go-to-market initiatives. Effective at the start of the second quarter of 2016, Akamai's current products and development organization and global sales, channels and marketing teams will be re-aligned into two divisions to focus on the company's Media and Web customers and solutions. Each division will integrate existing Akamai personnel from product management, product development, sales, channels and product marketing into their teams. The new structure is designed to create tighter alignment and integration between customer requirements and product innovation, while increasing the ease of leveraging Akamai's services.
16:04 EDTAKAMAkamai announces new $1B share repurchase
The Company also announces that its Board of Directors has authorized a new $1 billion share repurchase program, effective from February 9, 2016 through December 31, 2018. The Company's goal for this program is to offset the dilution created by its employee equity compensation programs and provide the flexibility to increase its capital distributions to shareholders as business and market conditions warrant.
16:03 EDTAKAMAkamai reports Q4 EPS 72c, consensus 62c
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15:45 EDTCFed telling banks to stress test for negative rates, CNBC reports
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15:07 EDTC, AAPLOption volume leaders: FB AAPL BAC MSFT NFLX TWTR GE MU DIS TSLA CSCO C GM
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15:02 EDTAKAM, AAPLEarnings Watch: Akamai to report as client losses, Google competition looms
Akamai (AKAM) is expected to report fourth quarter earnings after the close on Tuesday, February 9, with a conference call scheduled for 4:30 pm ET. Akamai is a provider of cloud computing services and content delivery networks. EXPECTATIONS: Analysts are looking for earnings per share of 62c on revenue of $568.72M. EPS consensus ranges 58c-64c on a revenue range of $559.0M-$576.23M, according to First Call. During the company's last earnings conference call, Akamai forecast Q4 EPS of 60c-64c on revenue of $557M-$577M, and also noted expectations for declining revenue from its large media clients. LAST QUARTER: On October 27, Akamai reported third quarter EPS of 62c against expectations for 58c, and revenue of $551M versus estimates of $550.29M. NEWS: On November 2, Akamai announced the acquisition of cybersecurity firm Bloxx, which it said would enhance its cloud security offerings. On November 19, the company announced a collaboration with Google (GOOG, GOOGL) to reduce hosting and traffic costs for Akamai customers who also use Google's cloud platform. In early December, Google quietly began rolling out its own cloud content delivery network. STREET RESEARCH: Akamai saw no less than five analyst downgrades following its last earnings report, with JPMorgan, Canaccord, Cowen, Craig-Hallum, and FBR all negative on the company in the wake of its disappointing guidance and lower traffic growth from its three largest customers. On November 20, Goldman Sachs downgraded Akamai to Sell and lowered its price target to $52 from $62, with the research firm highlighting reduced orders from large clients as well as an industry focus on cutting download sizes. On November 24, JMP Securities said its checks with content delivery network experts revealed that "very few" of Akamai's clients other than its largest customers can build their own CDN systems. The firm reiterated its Outperform rating and $85 target on the shares, saying Akamai is well-positioned for the growing opportunity in over-the-top streaming and the convergence of cloud security and CDN. On December 9, JPMorgan said Apple's (AAPL) suspension of its TV streaming plans removes a catalyst for Akamai's media business recovery, leading the research firm to struggle to see a near-term driver of sustainable volume improvement. Following reports of Google planning its own content delivery network, JPMorgan and Craig-Hallum cut their outlooks on Akamai on December 14, saying the news could mark a first step toward Google competing for some of Akamai's business. PRICE ACTION: Shares of Akamai have slipped 2.4% to $40.00 ahead of Tuesday's results.
14:48 EDTAKAMAkamai February weekly 40 straddle priced for 14% movement into Q4
14:36 EDTAKAMNotable companies reporting after market close
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13:25 EDTTFox, Viacom drop on earnings as Bernstein says linear TV still 'doomed'
21st Century Fox (FOX, FOXA) and Viacom (VIA, VIAB) are trading lower after issuing their latest quarterly reports, with some Wall Street analysts reiterating doom-and-gloom views on the linear TV programming upon which the two media giants have traditionally relied. RESULTS: Fox reported second quarter adjusted earnings per share of 44c, in-line with analyst consensus estimate. Revenue was $7.38B against expectations for $7.51B, with film revenue slowing to $2.36B from last year's $2.75B. During the company's Q2 earnings conference call, 21st Century Fox said it sees its fiscal 2016 EBITDA to be flat to up by a low single digits percentage. Viacom reported first quarter adjusted EPS of $1.18, also in-line with estimates. Revenue was $3.15B against expectations for $3.26B, with domestic ad revenue declining 4%. UBS SEES GROWTH COMING FOR FOX: UBS analyst Meghan Durkin said Tuesday that, despite Fox once again cutting its outlook for 2016 earnings before expenses, growth looks set to lift off for the company through 2019. Current headwinds appear less worrisome than the previous operational issues in the company's broadcast unit; cable subscriber trends have been improving, likely due to a lessening impact from skinny bundles; and U.S. ad results are also improving and should see further boosts from the upcoming presidential elections, the analyst noted. That said, Durkin conceded that few investors will have confidence in her team's bullish growth outlook, but Fox's potential 11% compounded annual growth rate is worth the wait, she argued. Durkin reiterated her Buy rating on the shares while lowering her 2016 earnings per share outlook by 12c to $1.68, noting that Fox's film release schedule for the year "appears much better positioned," though impacts from unfavorable foreign currency exchange remains a "minor swing factor." STILL POSITIVE ON VIACOM: Shifting focus to Viacom, Evercore analyst Vijay Jayant noted today that the company's Q1 ad sales saw sequential improvement, driven by higher prices and moderated ratings declines on the back of investments in content and marketing initiatives. Affiliate fees were lighter than expected, however, which the analyst pinned on the timing of Viacom's digital distribution agreements and presumably its rate reset with AT&T (T). Viacom also announced a global partnership with the popular video messaging service Snapchat, which Jayant said fits well with Viacom's strategy of targeting millennials. The analyst kept a Buy rating and $60 price target on the shares. VALUE TRAP: Taking the more negative outlook, Topeka analyst David Miller said he still struggles to get more constructive on Viacom in the wake of today's results, which missed not just the Street's forecast but also the company's own predictions. Viacom's Paramount film division contracted 15% and the company still faces a "host" of secular challenges, leading Miller to cut his price target to $44 from $45 and caution that the stock continues to be a value trap for investors. Even more bombastic was research firm Bernstein, which reiterated its view that Viacom's old business of serving kids and teens through linear programming is "doomed," while new efforts to grab that demographic through digital outlets is "unlikely" to be won by Viacom. Even if the company succeeds in its on-demand, digital efforts, the margins offered by that business line are "vastly inferior," and today's deal with Snapchat doesn't appear to change that. PRICE ACTION: Shares of Viacom have crashed 15% to $35.51 in afternoon trading, while Fox has slipped 3% to $23.83.
11:07 EDTCStocks with call strike movement; MS C
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10:21 EDTAAPLRising competition may weigh on PayPal margins, analyst says
Research firm Piper Jaffray warned that PayPal continues to face increased competition, which may weigh on its results. Meanwhile, the company announced a change in its Chief Technology Officer. PIPER STICKS WITH SELL RATING: Other leading digital payment systems are becoming more competitive with PayPal's offering, according to well-known Piper Jaffray analyst Gene Munster. More financial and technology competitors - including Visa (V), MasrterCard (MA), Google (GOOG,GOOGL), Samsung and Apple (AAPL) - are offering "similar functionality" to PayPal, Munster believes. Moreover, Apple and and Samsung will begin accepting mobile Web payments in 2016, intruding on PayPal's core competency, and Facebook (FB) is looking to partner with multiple players in the space, Munster noted. The credit card networks are poised to launch online checkout systems, further increasing PayPal's competition, Munster warned. In the face of all this competition, PayPal's appeal to its customers is questionable, according to the analyst, who kept a $33 price target and Underweight rating on the shares. WHAT'S NOTABLE: PayPal announced that its CTO, James Barrese, would resign "to take time off." Barrese will be replaced, effective April 1, by Sri Shivananda, who led eBay's (EBAY) Global Platform and Infrastructure team, PayPal reported. Shivananda's team has worked closely with PayPal, the company noted. PRICE ACTION: In early trading, PayPal slipped about 1% to $33.30.
10:00 EDTCCiti volatility increases
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09:34 EDTAAPLActive equity options trading on open
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07:43 EDTCMorgan Stanley punished more than peers amid banking rout, WSJ reports
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07:20 EDTAAPLApple Swift benchmark suite now open source
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