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Stock Market & Financial Investment News

News Breaks
June 8, 2012
10:30 EDTCFNL, SD, RVBD, NEON, LGND, JNPR, HSKA, FFIV, CY, CSCO, TECHOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Cardinal Financial (CFNL) initiated with a Buy at Janney Capital... Cisco (CSCO) initiated with a Buy at Citigroup... Cypress Semiconductor (CY) initiated with a Sell at Cantor... F5 Networks (FFIV) initiated with a Buy at Citigroup... Heska (HSKA) initiated with a Buy at C.K. Cooper... Juniper (JNPR) initiated with a Buy at Citigroup... Ligand Pharmaceuticals (LGND) initiated with a Buy at Cantor... Neonode (NEON) initiated with a Buy at Cantor... Riverbed (RVBD) initiated with a Buy at Citigroup... SandRidge Energy (SD) initiated with an Outperform at RBC Capital... Techne (TECH) initiated with a Market Perform at William Blair.
News For CFNL;CSCO;CY;FFIV;HSKA;JNPR;LGND;NEON;RVBD;SD;TECH From The Last 14 Days
Check below for free stories on CFNL;CSCO;CY;FFIV;HSKA;JNPR;LGND;NEON;RVBD;SD;TECH the last two weeks.
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September 16, 2014
07:19 EDTCSCOCompanies' share buybacks at fasttest clip since 2007, WSJ reports
Companies are buying back their own shares at its fastest pace since the financial crisis to fuel a stock rally, reports the Wall Street Journal. According to Birinyi Associates, companies have bought back $338.3B of stock in 1H14, the most since 2007. Citing an analysis by Barclays, companies with the largest buyback programs by dollar value have outperformed the broader market by 20% since 2008. Reference Link
September 15, 2014
08:28 EDTFFIVF5 Networks price target raised to $151 from $135 at Pacific Crest
Pacific Crest increased its price target on F5 Networks as the firm says its checks with resellers suggest that F5 is benefiting from a seasonally strong federal and enterprise rebound and an expanding partner ecosystem. The firm is more confident in the company's earnings and multiple expansion outlook ,and it recommends buying the shares.
06:23 EDTCSCOCisco says Salesforce.com CEO Benioff to step down from board
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September 12, 2014
20:39 EDTRVBDRiverbed announces developments in litigation with Silver Peak
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20:35 EDTRVBDJudge upholds infringement verdict against Riverbed in favor of Silver Peak
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06:05 EDTCSCOCisco implied volatility of 14 at lower end of index mean range
September 11, 2014
11:17 EDTCSCOEMC seen as potential target after said to mull VMware stake sale
EMC (EMC) is considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW), The New York Post reported today, citing unnamed sources. Calling The New York Post "surprisingly accurate" on M&A news, UBS said the likelihood of change at EMC has increased and it has become a potential takeover target. WHAT'S NEW: EMC is exploring the possibility of selling its stake in VMware, which could be acquired by HP (HPQ), according to one source, The Post reported. EMC could also look to sell other assets, the newspaper quoted a second unnamed source as saying. ANALYST REACTION: UBS analyst Steven Milunovich wrote that he is more convinced in the wake of the Post story that "something is up" at EMC. Although EMC has denied in the past that it would consider selling or spinning off VMware, the company could change its tune, the analyst stated. HP could buy VMware or all of EMC, while Oracle (ORCL) and Cisco (CSCO) are also potential buyers of EMC, Milunovich believes.The analyst kept a $33 price target and Buy rating on shares of EMC. WHAT'S NOTABLE: Activist investor Elliott Management, a hedge fund, has taken a $1B stake in EMC and wants the company to spin off VMware, The Wall Street Journal reported in July. Early last month, research firm FBR Capital wrote that an EMC spin-off of VMware could enhance shareholder value for both companies and make VMware a top acquisition candidate by a larger technology company. The firm kept an Outperform rating on EMC at that time. PRICE ACTION: In late morning trading, EMC was little changed at $29.50, down from its earlier high of $29.89. VMware fell 0.7% to $96.75, down from its earlier daily high of $97.86.
10:22 EDTTECHBio-Techne management to meet with Leerink
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06:35 EDTFFIVF5 Networks price target raised to $150 from $135 at Deutsche Bank
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September 10, 2014
12:42 EDTRVBDElliott says $21/share Riverbed offer stands, board not working with holders
Elliott Management issued a public statement regarding Riverbed Technology, stating in part: “Riverbed’s announcement today sends a clear message to shareholders: We don’t care what you think...Going against every modern principle of shareholder engagement and good corporate governance, Riverbed’s Board has decided to ignore the wishes of shareholders on every count. The Board didn’t just ignore the larger message to stop entrenching and engage. It even decided to keep the Board member that was voted off, failed to articulate any meaningful changes to the compensation plan, and chose to keep its poison pill. Above all, the Board continues to ignore serious acquisition interest even after the company publicly admitted that it will miss its “10% growth plan” by a wide margin...We have tried to engage with this Board, and our cash offer of $21 per share for Riverbed still stands. However, the Board’s decision today indicates that these directors are simply not interested in working with shareholders constructively. As one of the company’s largest shareholders, we intend to remain fully engaged, and we will continue to work toward a value-maximizing outcome.”
12:39 EDTRVBDElliott says $21 per share offer for Riverbed still stands
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12:39 EDTRVBDElliott says Riverbed board not interested in working with shareholders
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08:33 EDTRVBDRiverbed affirms commitment to corporate governance enhancements
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08:31 EDTRVBDRiverbed names Mike Nefkens, Steffan Tomlinson to board of directors
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07:53 EDTJNPRDeutsche Bank to hold a conference
Technology Conference to be held in Las Vegas on September 9-11 with webcasted company presentations to begin on September 10 at 10:30; not all company presentations may be webcasted. Webcast Link
September 9, 2014
09:58 EDTLGNDLigand management to meet with Craig Hallum
Meeting to be held in Milwaukee on September 15 hosted by Craig Hallum.
08:32 EDTLGNDLigand expands license agreement with CURx for Lamotrigine program
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07:17 EDTCSCOThe Wireless Association to hold a conference
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September 8, 2014
13:03 EDTCYCypress Semiconductor management to meet with Needham
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08:45 EDTCSCONimble Storage, Arista, CommVault recommnded on M&A at Pacific Crest
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