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Stock Market & Financial Investment News

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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
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August 19, 2014
12:40 EDTAAPLApple nears life high, levels to watch
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12:27 EDTAAPLIcahn says 'very sizable' shareholder of Apple, has not sold share
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11:57 EDTAAPLApple shares reach $100, up 84c or 1%
11:25 EDTVZ, MSFTHTC unveils the HTC One for Windows
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09:38 EDTVZ, AAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA CELG VLO VZ FB HD
08:27 EDTNFLXNetflix international opportunity larger than most realize, says MKM Partners
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07:12 EDTVZFCC looks into telecom special access line rates, Reuters says
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06:32 EDTAAPLMorgan Stanley recommends adding to Apple positions
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05:48 EDTYHOOStocks with implied volatility movement; AEO YHOO
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August 18, 2014
18:33 EDTVZSprint introduces Sprint Family Share Pack data plan, doubles high-speed data
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16:00 EDTAAPL, NFLXOptions Update; August 18, 2014
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13:12 EDTMSFTMicrosoft getting ready to launch Chromebook challengers, 9to5Google says
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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
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08:30 EDTAAPLApple starts production of smartphones with sapphire screens, Guardian says
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07:58 EDTNFLXNetflix volatility at low end of historic range
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07:58 EDTAAPLApple December quarter EPS likely to beat by 10%+, says RBC Capital
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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.
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