New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 24, 2014
10:18 EDTCCOI, CMCSA, NFLX, AAPL, EBAY, YHOO, MSFT, VZ, LVLTCogent drops after customer Netflix inks deal with Comcast
Shares of Cogent Communications (CCOI) are sinking after one of the company's customers, Netflix (NFLX), announced yesterday that it had made an Internet connection deal with Comcast (CMCSA). Cogent provides Internet communications services. WHAT'S NEW: Under the deal between Netflix and Comcast, the movie rental service will stream its content to the cable giant's customers using Comcast's servers, according to The Wall Street Journal. ANALYST REACTION: In a note to investors earlier today, FBR Capital analyst David Dixon responded to the news by downgrading Cogent to Underperform from Market Perform. Under the deal with Comcast, Netflix will "progressively migrate traffic away from Cogent," the analyst stated. Cogent could lose additional revenue if the company's other major content partners - including Apple (AAPL), eBay (EBAY), Yahoo (YHOO) and Microsoft (MSFT) - follow in Netflix's footsteps and reach their own deals with end-user networks such as Comcast, wrote Dixon. Other access providers, including Verizon (VZ), are likely to make similar deals with content providers, leaving companies like Cogent on the sidelines unless they agree to pay the access providers, the analyst contended. Moreover, Cogent's prices continue to decline, Dixon reported. He has a $23 price target on the stock. PRICE ACTION: In early trading, Cogent sank 9%, or $3.67, to $36.56. Cogent peer Level 3 Communications (LVLT) is down 1% to $37.80.
News For CCOI;CMCSA;NFLX;AAPL;EBAY;YHOO;MSFT;VZ;LVLT From The Last 14 Days
Check below for free stories on CCOI;CMCSA;NFLX;AAPL;EBAY;YHOO;MSFT;VZ;LVLT the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | all recent news | >>
August 18, 2014
09:35 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN DG TSLA GILD FB ABX WFC C
08:47 EDTVZRaymond James to hold a summit
Subscribe for More Information
08:30 EDTAAPLApple starts production of smartphones with sapphire screens, Guardian says
Subscribe for More Information
07:58 EDTNFLXNetflix volatility at low end of historic range
Subscribe for More Information
07:58 EDTAAPLApple December quarter EPS likely to beat by 10%+, says RBC Capital
Subscribe for More Information
06:42 EDTAAPLApple may call 5.5-inch iPhone '6L,' 9to5Mac reports
Apple may call its rumored 5.5-inch iPhone model the "6L," 9to5Mac reports, citing Asia-based rumor site Apple Daily. In this scenario, the 4.7-inch iPhone would be called the iPhone 6. Reference Link
06:23 EDTYHOOYahoo acquires Israel-based ad startup ClarityRay, terms not disclosed
Israel-based ad startup ClarityRay announced on its website that it has been acquired by Yahoo. Terms of the deal have not been disclosed. Reference Link
05:23 EDTAAPLInvenSense downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded InvenSense (INVN) to Neutral citing valuation with shares near its $25 price target. Goldman also believes the near-term catalyst of share gains at Apple (AAPL) has passed. InvenSense closed Friday down 1c to $24.99.
August 17, 2014
20:16 EDTCMCSAFCC must decide on TWC arrangement as it reviews Comcast deal, WSJ says
Subscribe for More Information
18:38 EDTAAPLToo early to sell Apple, Barron's says
Subscribe for More Information
August 15, 2014
17:02 EDTEBAYStocks end week slightly higher despite flare-up in Russian tensions
Subscribe for More Information
16:00 EDTAAPL, NFLXOptions Update; August 15, 2014
iPath S&P 500 VIX Short-Term Futures up 1c to 28.88. Option volume leaders: AAPL GILD NFLX PBR TWTR TSLA MNKD AMZN C according to Track Data.
10:28 EDTVZVerizon management to meet with Evercore
Subscribe for More Information
10:09 EDTAAPLSony expected to debut Smartwatch 3 next month, GigaOM reports
Subscribe for More Information
09:39 EDTMSFTNPD: Sony's PS4 beats out Xbox One in July, BGR reports
Subscribe for More Information
09:35 EDTNFLX, AAPLActive equity options trading on open
Subscribe for More Information
08:29 EDTAAPLChina Telecom now hosting Apple iCloud data in China, Marbridge Daily says
Apple (AAPL), which had previously been storing iCloud data for its Chinese users on servers in the U.S., in reportedly using China Telecom (CHA) as its sole cloud storage services provider in China, according to online Chinese media reports, said Marbridge Daily, citing Sina Tech. Apple and China Telecom have not commented, the report noted. Reference Link
07:38 EDTCMCSAComcast met with FCC this week to argue for deal, NY Post says
Subscribe for More Information
06:24 EDTYHOOYahoo introduces Yahoo Stores
Subscribe for More Information
06:13 EDTEBAYeBay's Braintree unit considering accepting bitcoin, WSJ reports
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use