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Stock Market & Financial Investment News

News Breaks
January 11, 2013
07:54 EDTCTXSCitrix Systems growth prospects remain strong, says Cowen
Cowen believes both fundamentals growth and stock appreciation for Citrix Systems remains bright. The firm noted the recent pullback in the shares but believes the desktop business is better positioned than most investors believe. Shares are Outperform rated.
News For CTXS From The Last 14 Days
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July 31, 2015
07:55 EDTCTXSCitrix GoTo businesses could be worth more than $3.3B, says Bernstein
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July 29, 2015
12:42 EDTCTXSOn The Fly: Top stock stories at midday
Stocks on Wall Street overcame a tentative start and are higher at midday ahead of the statement from the Federal Reserve following its latest monetary policy meeting. The pending home sales report showed an unexpected decline from the prior month, reminding investors the economy still isn't seeing the most robust of recoveries. ECONOMIC EVENTS: In the U.S., an index of pending home sales fell 1.8% in June, versus expectations for it to have risen 1% compared to the prior month. The Federal Reserve concludes a meeting on monetary policy today and its post-meeting statement is scheduled to be released at 2 pm EDT. The central bank is not expected to raise rates at this meeting and no post-meeting press conference is scheduled for Fed Chair Janet Yellen. In China, the Shanghai composite index rose 3.4%, stemming its most recent stretch of declines, though the index is still deeply in the red on a week-to-date basis. COMPANY NEWS: Shares of Twitter (TWTR) fell 13% after the company reported better than expected quarterly results but its management tempered expectations about its user growth. Several analysts cut their price targets on the stock and warned its shares may be range bound in the near-term, but maintained their buy ratings on the stock based on the social network operator's long-term potential. MAJOR MOVERS: Among the notable gainers following their earnings reports were hepatitis C drug maker Gilead (GILD), which rose 3%, and two defense contractors who raised their outlooks: Northrop Grumman (NOC), which advanced 7%, and General Dynamics (GD), which gained nearly 5%. Also higher was Citrix Systems (CTXS), which jumped about 10% after issuing better than expected fiscal year earnings guidance, reporting its CEO Mark Templeton plans to retire and entering into a cooperation agreement with activist investor Elliott Management, which owns approximately 7.5% of the company’s common stock. Among the noteworthy losers was Yelp (YELP), which tumbled 28% and hit a multi-year low after the local business review site operator reported lower than expected profit and lowered its fiscal year revenue guidance. Also lower following their earnings reports were Akamai (AKAM), which fell 5%, and Level 3 Communications (LVLT), which dropped 6%. INDEXES: Near midday, the Dow was up 94.46, or 0.54%, to 17,724.73, the Nasdaq was up 6.72, or 0.13%, to 5,095.92, and the S&P 500 was up 9.02, or 0.43%, to 2,102.27.
10:00 EDTCTXSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: 3D Systems (DDD) upgraded to Neutral from Underperform at Longbow... AK Steel (AKS) upgraded to Outperform from Neutral at Macquarie... Ally Financial (ALLY) upgraded to Outperform from Neutral at Credit Suisse... Amazon.com (AMZN) upgraded to Buy from Hold at Stifel... Arrow Electronics (ARW) upgraded to Buy from Underperform at CLSA... Beacon Roofing (BECN) upgraded to Buy from Neutral at CL King... Citrix (CTXS) upgraded to Outperform at Baird... Commvault (CVLT) upgraded to Buy from Hold at Jefferies... FireEye (FEYE) upgraded on positive checks, business mdoel changes at Oppenheimer... Hibbett Sports (HIBB) upgraded to Neutral from Underperform at Sterne Agee CRT... Integra LifeSciences (IART) upgraded to Outperform at Raymond James... M/A-COM (MTSI) upgraded to Buy from Hold at Needham... Norsk Hydro (NHYDY) upgraded to Neutral from Underperform at Exane BNP Paribas... NuVasive (NUVA) upgraded to Outperform from Market Perform at Northland... SM Energy (SM) upgraded to Outperform from Market Perform at Raymond James... Scorpio Bulkers (SALT) upgraded to Buy from Hold at Deutsche Bank... Sirius XM (SIRI) upgraded to Buy from Hold at Wunderlich... Sprouts Farmers Markets (SFM) upgraded to Neutral from Underperform at Longbow... Supervalu (SVU) upgraded to Equal Weight from Underweight at Morgan Stanley... Waters (WAT) upgraded to Outperform from Market Perform at Wells Fargo... Wells Fargo (WFC) upgraded to Buy from Neutral at Guggenheim... Williams-Sonoma (WSM) upgraded to Overweight from Neutral at JPMorgan... YRC Worldwide (YRCW) upgraded to Strong Buy at Raymond James.
08:23 EDTCTXSCitrix upgraded to Outperform at Baird
As reported previously, Baird upgraded Citrix to Outperform from Neutral citing its agreement to work with activist investor Elliott Management. Baird raised its price target to $80 from $75 on Citrix shares.
06:29 EDTCTXSCitrix upgraded to Outperform from Neutral at Baird
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July 28, 2015
17:40 EDTCTXSElliott Associates raises Citrix stake to 7.5% from 7.1%
Elliott Associates has entered into a cooperation agreement with Citrix. Citrix agreed, among other things, that Asiff Hirji shall resign from the Citrix board and the board shall take such actions as are necessary to appoint Jesse Cohn as a new member of the board to fill the vacancy so created.
17:27 EDTCTXSCitrix in active talks regarding sale of ByteMobile business
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17:26 EDTCTXSCitrix initiates strategic review for GoTo family of products
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17:23 EDTCTXSCitrix forms operation committee to support operational review
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17:19 EDTCTXSCitrix up 3.4% after reporting results, cooperation pact with Elliott
17:06 EDTCTXSCitrix raises FY15 EPS view to $3.65-$3.75 from $3.55-$3.60, consensus $3.56
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16:17 EDTCTXSCitrix CEO Mark Templeton announces plans to retire
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16:15 EDTCTXSCitrix announces cooperation agreement with Elliott Management
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16:13 EDTCTXSCitrix sees FY15 EPS $3.65-$3.75, consensus $3.56
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16:12 EDTCTXSCitrix sees Q3 EPS 83c-85c, consensus 89c
Sees Q3 revenue $780M-$790M, consensus $790.93M.
16:11 EDTCTXSCitrix reports Q2 EPS $1.00, consensus 82c
Reports Q2 revenue $797M, consensus $790.37M.
15:21 EDTCTXSNotable companies reporting after market close
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