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Stock Market & Financial Investment News

News Breaks
February 24, 2014
11:29 EDTCCOI, LVLT, YHOO, NFLX, VZ, EBAY, CMCSA, MSFT, AAPLCogent 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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January 20, 2015
16:10 EDTNFLXNetflix reports Q4 EPS 72c, consensus 45c
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16:08 EDTNFLXNetflix up 11% after reporting better than expected Q4 earnings
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16:07 EDTNFLXNetflix sees Q1 net streaming additions of 4.05M
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16:06 EDTNFLXNetflix sees Q1 EPS 60c, consensus 77c
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16:06 EDTNFLXNetflix reports 4.33M members added in Q4
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16:00 EDTNFLX, AAPLOptions Update; January 20, 2015
iPath S&P 500 VIX Short-Term Futures down 36c to 35.12 Option volume leaders: AAPL TSLA TWTR GILD NFLX MGM ABX AMAT JNJ C according to Track Data.
15:21 EDTNFLXNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include IBM (IBM), consensus $5.41; Netflix (NFLX), consensus 45c; CA Technologies (CA), consensus 60c; Cree (CREE), consensus 22c; Woodward (WWD), consensus 46c; Fulton Financial (FULT), consensus 21c; Advanced Micro Devices (AMD), consensus 1c; Interactive Brokers (IBKR), consensus 6c; Pinnacle Financial (PNFP), consensus 53c.
14:17 EDTNFLXNetflix technical commentary ahead of earnings
The stock has been in a sideways consolidation pattern since a sharp downtrend began in October of last year. The approximate range has been a high at $350 and a low at $320. Breaks of either end of this range will be important determinants of the trend following earnings. A breakout above $350 would potentially reverse the current dominant downtrend. With over 8.5% of the trading float short, there could be substantial buy-to-cover pressure in the event of a positive surprise. Upside levels to watch above $350 would be at $357.95, $366.51, and $375.83. On an extreme positive surprise, the $380 area could be tested. If the news is negative, a break below the $320 area would likely lead to a resumption of the dominant downtrend. Support levels to watch would be at $310.25, $299.50, and $290.28. A breakdown below $300 would be long-term bearish for price, confirming a major top.
14:04 EDTNFLXNetflix January weekly 345 straddle priced for 11% movement into Q4
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14:00 EDTCMCSAFCC fines Viacom, ESPN $1.4M after brodcasting EAS tones to promote movie
The Federal Communications Commission fined Viacom (VIA) and ESPN (DIS) $1.4M for misusing the Emergency Alert System warning tones. The cable networks transmitted EAS warning tones for several days in 2013 to promote the movie “Olympus Has Fallen,” which portrayed a terrorist attack on Washington, D.C. Broadcast or transmission of these tones outside an emergency or test violates the FCC’s laws protecting the integrity of the system. The networks admitted that the commercial contained actual EAS codes and appeared multiple times on the networks. In March 2014, the FCC proposed a total fine of $1,930,000 against NBCUniversal (CMCSA), ESPN, and Viacom. NBCUniversal paid its $530,000 fine, but ESPN and Viacom objected and requested reductions. The FCC rejected their arguments and imposed fines of $1,120,000 against Viacom and $280,000 against ESPN. The fines, which differ based on several factors including the number of channels involved and the number of transmissions on each channel, must be paid in 30 days.
13:19 EDTEBAYeBay volatility elevated into Q4 and outlook
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11:08 EDTMSFTMicrosoft acquires Equivio, terms not disclosed
Rajesh Jha, Microsoft's Corporate VP, Outlook and Office 365, announced on the company's blog that Microsoft has acquired Equivio, a provider of machine learning technologies for eDiscovery and information governance. Jha explains, "We are making this acquisition to help our customers tackle the legal and compliance challenges inherent in managing large quantities of email and documents." Reference Link
09:39 EDTMSFTMicrosoft Outlook in China hacked by government censorship department, CNBC says
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09:38 EDTVZ, AAPLActive equity options trading
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08:11 EDTNFLXNetflix volatility increases into Q4 and outlook
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06:39 EDTYHOOYahoo to announce Alibaba plans on or before January 27, AP says
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06:38 EDTAAPLApple stops developers in Crimea from creating App Store apps, TechCrunch says
Apple has sent out emails to app developers in Crimea telling them that they can no longer develop iPhone apps, TechCrunch reports. The move is based on new U.S. sanctions against Crimea, the Russian-annexed area of Ukraine. Reference Link
06:24 EDTVZT-Mobile warns of unsustainable costs against cellphone giants, Re/code says
T-Mobile (TMUS) owner Deutsche Telekom (DTEGY) claims Verizon (VZ) and AT&T's (T) wealth makes true competition difficult, reports Re/code, citing statements made at Germany's DLD conference. Deutsche Telekom CEO Tim Hoettges stated the dominance of AT&T and Verizon allowed them to make huge bids at the latest midband spectrum auction to further their market lead. Hoettges also stated he was "intrigued" by last year's unsuccessful merger talks with Sprint (S), and warned that T-Mobile's $4B-$5B investment requirements per year are unsustainable. Reference Link
06:01 EDTYHOOStocks with implied volatility above IV index mean; HLF YHOO
Stocks with implied volatility above IV index mean; Herbalife (HLF) 113, Yahoo (YHOO) 54 according to iVolatility.
January 18, 2015
13:45 EDTVZ, AAPL, EBAYGoogle in talks to acquire mobile-pay platform Softcard, WSJ says
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