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Stock Market & Financial Investment News

News Breaks
February 24, 2014
11:29 EDTMSFT, AAPL, CCOI, LVLT, YHOO, NFLX, VZ, EBAY, CMCSACogent retreats after customer reaches 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 enables companies, including Netflix, to stream content to customers of broadband providers such as Comcast. 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 conclude 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 providers 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 mid-morning trading, Cogent sank 5.5%, or $2.23, to $38. Level 3 Communications (LVLT), which also enables content to be delivered over the Internet, moved into positive territory after opening trading to the downside.
News For CCOI;CMCSA;NFLX;AAPL;EBAY;YHOO;MSFT;VZ;LVLT From The Last 14 Days
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March 17, 2015
09:15 EDTAAPLApple streaming service may pave way for bigger ambitions, says Cantor
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09:13 EDTMSFTMSFT announced several partnerships with industry leaders
At Microsoft Convergence 2015, Microsoft (MSFT) announced several new partnerships with industry leaders. Teaming up with Microsoft, Ford Motor (F) will expand connected services for customers around the world with the creation of the Ford Service Delivery Network. Microsoft also announced several partnerships and collaboration agreements with leading companies in sales, field service, digital transaction management and analytics markets. Microsoft and InsideSales.com will offer its complete sales acceleration platform. Microsoft and FieldOne Systems announced their agreement to bring the FieldOne Sky field service management solution into the Microsoft Dynamics global independent software vendor program. DocuSign and Microsoft announced that the two companies will bring DocuSign's Digital Transaction Management platform to Microsoft Dynamics CRM users. Microsoft also announced the acquisition of intellectual property from Fusion Software which will add Voice of the Customer capabilities to Microsoft Dynamics.
09:07 EDTMSFT, AAPLDISH's Sling TV launches on Xbox One
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09:05 EDTMSFTMicrosoft exec confirms plans to drop IE brand for new browser, The Verge says
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09:05 EDTAAPL, MSFTMicrosoft Band now available at Best Buy, Target, Amazon, Re/code reports
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09:03 EDTMSFTElectronic Arts, Visceral Games announce availability of Battlefield Hardline
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08:45 EDTEBAYeBay marketplaces GMV to accelerate in 2H15, says Bernstein
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08:11 EDTYHOOYahoo initiated with a Hold at Argus
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07:42 EDTAAPLBoeing may produce satellite for tech giants, Reuters says
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07:28 EDTAAPLApple TV may provide boost for advertising unit, Business Insider says
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07:12 EDTNFLXConcerns over Netflix competition overblown, says Stifel
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07:12 EDTMSFTDeutsche Messe to hold a conference
CeBIT 2015 is being held in Hannover, Germany on March 15-20.
07:01 EDTEBAYeBay launches Sotheby's live auctions experience
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06:50 EDTAAPLBanks unhappy with high Apple Pay fraud rates, NY Times says
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06:42 EDTEBAYeBay to start selling Sotheby items today, NY Times says
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06:37 EDTYHOO, AAPLAfter losing marketshare, Google now asks Firefox users to switch, BI says
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06:10 EDTVZSpherix announces Markman hearing held as scheduled in Verizon case
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05:57 EDTAAPLChina vendors to ship 50M Androids with fingerprint sensors, DigiTimes reports
China vendors is expected to ship 50M Android (GOOG) smartphones with fingerprint sensors in 2015, reports DigiTimes. According to sources at Taiwan-based IC backend service companies, Android smartphone vendors have adopted sliding-type fingerprint sensors, which are more competitive in pricing compared to press-type sensors used by Apple (AAPL). Reference Link
05:50 EDTNFLXStocks with implied volatility movement; DD NFLX
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05:46 EDTAAPLApple set to launch online TV service this year, Financial Times reports
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