New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 24, 2014
10:18 EDTLVLT, YHOO, NFLX, VZ, EBAY, CMCSA, MSFT, AAPL, CCOICogent 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
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 | 9 | 10 | all recent news | >>
November 10, 2014
14:09 EDTNFLX, VZ, CMCSABoehner strongly opposes net neutrality
Subscribe for More Information
13:26 EDTCMCSA, NFLX, VZCable providers fall after Obama weighs in on net neutrality
Subscribe for More Information
12:42 EDTAAPLFireEye details hack attack found on Apple operating system
Subscribe for More Information
12:39 EDTAAPLFireEye has uncovered iOS flaw that leaves devices vulnerable, CNBC reports
Subscribe for More Information
12:24 EDTNFLX, VZ, CMCSAOn The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday. The averages opened mixed, but very close to the flat line, and have continued to drift slowly higher from that point. There is little to stand in the way of the marketís drift, as the economic calendar is quiet, the earnings season is winding down, and the most closely watched geopolitical situations are currently status quo. ECONOMIC EVENTS: In the U.S., little of note was on the economic calendar. The Federal Reserve's newly introduced Labor Market Conditions Index was flat at 4 in October. The Fed started updating estimates of the LMCI every month beginning with last month. COMPANY NEWS: Shares of Netflix (NFLX) advanced about 1% after xxx President Barack Obama publicly urged the Federal Communications Commission to implement the "strongest possible rules" to protect net neutrality. In response, Verizon (VZ) said it supports the open Internet and continues to believe that the "light-touch regulatory approach in place for the past two decades has been central to the Internetís success," adding that it believes the reclassification Obama called for would "apply 1930s-era utility regulation to the Internet" and be a "radical reversal of course" that would threaten great harm to an open Internet, competition and innovation." A number of Internet Service Providers, including Comcast (CMCSA), Time Warner Cable (TWC), Charter (CHTR) and Cablevision (CVC), moved lower after Obama weighed in on the hot-button issue. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 22% after the company presented data from the ongoing Phase 2 study of its Hepatitis C virus treatment at the Annual Meeting of the American Association for the Study of Liver Diseases, or AASLD. Also higher was Dean Foods (DF), which rose more than 13% after the dairy products distributorís third quarter results, as well as its fourth quarter and full year profit outlook, surpassed analystsí consensus estimates. Among the noteworthy losers was Rayonier (RYN), which dropped 13% after management determined that there was a material weakness in the company's internal controls, restated certain previously made financial statements, and cut its dividend reflecting expectations of reduced cash available for distribution due to lower expected annual harvest levels. INDEXES: Near midday, the Dow was up 18.55, or 0.11%, to 17,592.48, the Nasdaq was up 10.77, or 0.23%, to 4,643.30, and the S&P 500 was up 4.01, or 0.2%, to 2,035.93.
11:39 EDTYHOOStocks with call strike movement; YHOO NEM
Subscribe for More Information
10:42 EDTCMCSAComcast falls after Obama urges internet reclassification under Title II
Subscribe for More Information
10:09 EDTCMCSAOptions with increasing implied volatility: CZR IGT CMCSA TWC
Subscribe for More Information
10:06 EDTCMCSA, VZVerizon says utility Internet regulation would 'threaten great harm'
Subscribe for More Information
10:01 EDTCMCSATWC, Charter, Comcast drop after Obama calls for Internet regulation
Subscribe for More Information
09:45 EDTNFLX, VZ, CMCSAObama urges FCC to enact 'strongest possible rules' to protect net neutrality
Subscribe for More Information
09:43 EDTCMCSA, VZ, NFLXObama urges FCC to enact 'strongest possible rules' to protect net neutrality
Subscribe for More Information
09:35 EDTAAPLActive equity options trading
Subscribe for More Information
07:34 EDTAAPLApple Pay seen making up 1% of Whole Foods transactions since launch, Dudas says
Subscribe for More Information
07:23 EDTMSFT, NFLXRBC Capital to hold a conference
Subscribe for More Information
07:12 EDTCMCSACA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
07:11 EDTVZOpen Mobile Media to hold a summit
Subscribe for More Information
06:27 EDTAAPLGT Advanced accuses Apple of 'bait-and-switch' in unsealed documents, WSJ says
Subscribe for More Information
06:00 EDTAAPLApple implied volatility of 19 at lower end of index mean range
Subscribe for More Information
05:58 EDTNFLXStocks with implied volatility below IV index mean; CHK NFLX
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 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