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Stock Market & Financial Investment News

News Breaks
March 5, 2012
06:55 EDTVZ, VZ, CALL, CALL, EGHT, EGHT, IBM, IBM, INAP, INAP, INXN, INXN, KITD, KITD, RAX, RAX, T, TOppenheimer to host a conference
Cloud Computing Services 1:1 Conference is being held in New York on March 6.
News For CALL;EGHT;IBM;INAP;INXN;KITD;RAX;T;VZ From The Last 14 Days
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September 8, 2014
10:58 EDTRAXCenturyLink would need to issue stock, raise debt to buy Rackspace, Re/code says
Following a Bloomberg report that said CenturyLink (CTL) is interested in buying Raxspace (RAX), Re/code's Arik Hesseldahl noted that CenturyLink has "practically no cash" and would have to issue stock and likely take on "significant debt" to make such an acquisition, though the author also noted that CenturyLink has a history of structuring such deals. However, Hesseldahl believes Rackspace remaining independent is still the "more likely scenario" than the company being bought. Reference Link
10:51 EDTTAT&T U-verse TV, Rural Media Group reach distribution agreement
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10:24 EDTRAXRackspace moves to resistance test on takeover speculation report
Bloomberg yesterday said in a report that sources indicated CenturyLink (CTL) was looking to acquire Rackspace Hosting (RAX). At the current price of $39.21, the stock is just under the $40 level which has been overhead resistance in the trading range in place since late last year. Support is at $38.28. A breakout above $40 would be bullish for future price.
09:12 EDTRAXOn The Fly: Pre-market Movers
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08:58 EDTRAXRackspace risk/reward remains compelling, says Wells Fargo
Wells Fargo says that even with some takeout speculation being priced into Rackspace (RAX)shares today following reports that CenturyLink (CTL) is in talks to buy the company, the risk/reward on the stock remains compelling. Wells believes Rackspace either gets acquired at a premium or stays independent and announces a share buyback of $900M. The firm keeps an Outperform rating on the name.
08:36 EDTRAXRackspace Hosting volatility expected to move on acquisition report
Rackspace Hosting (RAX) volatility is expected to move on CenturyLink (CTL) looking to acquire says Bloomberg, citing sources. Overall option implied of 37 is below its 26-week average of 46 according to Track Data, suggesting decreasing price movement.
05:28 EDTVZVerizon announces Verizon Auto Share
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September 7, 2014
20:37 EDTVZ, TApple's new iPhones face risk as carriers begin subsidy phase out, WSJ says
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16:22 EDTRAXCenturyLink said to seek Rackspace acquisition, Bloomberg says
Louisiana-based landline phone service provider CenturyLink (CTL), is looking to acquire cloud computing company Rackspace Hosting (RAX), says Bloomberg, citing sources. Sources say a deal may not be reached for Rackspace Hosting, which currently has a stock market valuation of $5.33B, added Bloomberg. Reference Link
September 5, 2014
06:41 EDTT, VZFCC head says agency to promote high speed Internet choices, NY Times reports
Stating that fewer than 25% of American homes have access to more than one high speed Internet provider, FCC Chairman Tom Wheeler said the agency would look to promote additional choices in the sector, according to The New York Times. High speed Internet providers include Comcast (CMCSA), Cablevision (CVC), Verizon (VZ), AT&T (T), and Google (GOOG). Reference Link
05:33 EDTTAT&T to offer Moto X, Moto Hint
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September 4, 2014
14:05 EDTTCiena weakness may create attractive entry point, says Wells Fargo
Wells Fargo believes that Ciena (CIEN) reported solid Q3 results, and the firm was encouraged by the news that the company was named as an AT&T (T) domain 2.0 supplier. However, the firm notes that Ciena's Q4 revenue guidance was lower than expected, partly due to the deal. Nonetheless the firm expects the factors that caused the guidance miss to be transitory, and it is upbeat about the company's outlook for FY15. Wells keeps an Outperform rating on the shares.
11:50 EDTTAT&T management to meet with Jefferies
Group dinner to be held in Las Vegas on September 10 in conjunction with the CTIA Conference hosted by Jefferies.
11:32 EDTVZVerizon raises dividend to 55c from 53c
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09:31 EDTTAT&T says 4G LTE network now reaches over 300M people
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September 3, 2014
11:15 EDTVZVerizon to pay $7.4M to settle privacy investigation
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10:16 EDTTAT&T confirms will carry Samsung Galaxy Note 4, Note Edge, Gear VR
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08:28 EDTVZ, TISIS Wallet changes name to Softcard
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07:07 EDTINXNInterXion to bild fourth data center in Stockholm, expand in Vienna
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06:39 EDTRAXRackspace volatility at low end of historic range
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