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Stock Market & Financial Investment News

News Breaks
February 24, 2014
11:29 EDTVZ, EBAY, CMCSA, MSFT, AAPL, CCOI, LVLT, YHOO, NFLXCogent 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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May 12, 2015
06:40 EDTVZVerizon downgraded to Underperform from Neutral at Macquarie
Macquarie downgraded Verizon to Underperform with a $45 price target to reflect a weaker 2016 and 2017 earnings outlook. The firm's analyst believes management has made a series of questionable strategic moves beginning with the Vodafone deal that will depress earnings. Recent advertising promotions are likely to pressure 2015 margins and ARPU and LTE capacity issues are expected in certain markets later in the year. Macquarie is surprised Verizon shares have held in around $50 with treasury yields rising and increasing Q2 promotions and does not believe this is sustainable ahead of a reset in consensus estimates.
06:02 EDTNFLXStocks with implied volatility below IV index mean; LNKD NFLX
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May 11, 2015
16:00 EDTNFLX, AAPLOptions Update; May 11, 2015
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14:57 EDTAAPLUSPTO sides with Apple, says certain claims of VirnetX 'unpatentable'
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14:24 EDTVZFrontier announces HSR clearance for acquisition of certain Verizon assets
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13:17 EDTMSFTMicrosoft invests in subsea cables to connect datacenters globally
Microsoft (MSFT) announced in a blog post that over the past nine months, "Microsoft has been significantly investing in subsea and terrestrial dark fiber capacity by engaging in fiber partnerships that span multiple oceans and continents. And today, our connections across the Atlantic and Pacific just got stronger.We announced deals with Hibernia and Aqua Comms, in which Microsoft is investing in a cable with each company to connect Microsoft’s datacenter infrastructure from North America to Ireland and on to the United Kingdom. These cables will help deliver data at higher speeds, with higher capacity and lower latency for our customers across the globe. Additionally, we joined a consortium comprised of China Mobile (CHL), China Telecom (CHA), China Unicom (CHU), Chunghwa Telecom (CHT), KT Corporation (KT) with TE SubCom as the cable supplier. As part of our participation in the consortium, Microsoft will invest in its first physical landing station in the US connecting North America to Asia. The New Cross Pacific Cable Network will provide faster data connections for customers, aid Microsoft in competing on cloud costs, all while creating jobs and spurring local economies. The goal of our expansions and investments in subsea cables is so our customers have the greatest access to scale and highly available data, anywhere." Reference Link
12:17 EDTAAPLApple mulls expansion of key Irish plant, Independent. ie says
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11:37 EDTAAPLApple expanding renewable energy projects in China
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11:24 EDTAAPLUBS says Apple Watch could become 'must-have' device, but not yet
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09:56 EDTAAPLIDC: Apple leads smartphone vendors in China during Q1
IDC’s latest Mobile Phone Tracker shows the China smartphone market contracted by 4% year-on-year with 98.8M units shipped in the first quarter of 2015. This is the first time in six years that the China smartphone market declined YoY as the market continues to mature. On a QoQ basis, the market contracted 8% on the back of a large inventory buildup at the end of last year. The study said Apple (AAPL) was the top smartphone vendor in China in the first quarter, with consumers still having a strong appetite for the larger screens on the iPhone 6 and iPhone 6 Plus. Xiaomi slipped to the second position as it faced strong competition from other vendors in the low to mid-range segment of the market, while Huawei maintained third position as it saw a good uptake in the mid-range segment. Samsung (SSNLF) and Lenovo (LNVGY) both led the market at least once last year, but rankings have since changed quickly, highlighting the volatility of consumers' brand preference in China. Reference Link
09:37 EDTMSFT, AAPLActive equity options trading on open
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09:02 EDTCMCSAComcast names Michael Cavanagh as CFO
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08:41 EDTAAPLApple Watch may become 'must have' as interface to internet, says UBS
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06:44 EDTAAPLFiat Chrysler CEO met with Apple, Tesla CEOs, Reuters says
During a trip to California, Fiat Chrysler (FCAU) CEO Sergio Marchionne met with Apple (AAPL) CEO, Tim Cook, and Tesla (TSLA) CEO Elon Musk, reports Reuters, citing Marchionne. Marchionne also vowed that the company would make a stronger attempt in the luxury SUV market, Reuters adds. Reference Link
06:33 EDTNFLX, CMCSATV networks worried amid tough competition from digital outlets, NY Times says
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06:12 EDTYHOOYahoo implied volatility of 22 at lower end of index mean range
06:11 EDTMSFTStocks with implied volatility below IV index mean; LNKD NFLX
Stocks with implied volatility below IV index mean; LinkedIn (LNKD) 28, Netflix (NFLX) 26 according to iVolatility.
06:05 EDTVZSpherix issued standard-essential patent by USPTO
Spherix (SPEX) announced that the United States Patent & Trademark Office, or USPTO, is issuing the company another standard-essential patent. The company has received from the USPTO an issue notification for patent RE45521, set to issue on May 19. This patent is part of the same family of standard-essential patents currently being litigated against both Cisco (CSCO) and Verizon (VZ). The patented technology relates to the transmittal of data over a network and further enhances the company's existing portfolio.
05:05 EDTAAPLApple announces environmental initiatives in China
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May 10, 2015
17:35 EDTCMCSADisney's 'Avengers: Age Of Ultron' leads U.S. weekend box office with $77.2M
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