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Stock Market & Financial Investment News

News Breaks
April 11, 2014
10:56 EDTGRPN, CYTK, DATA, CTRP, VJETOptions with increasing implied volatility: CYTK VJET DATA GRPN CTRP
News For CYTK;VJET;DATA;GRPN;CTRP From The Last 14 Days
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February 4, 2016
16:53 EDTDATATableau sees Q1 non-GAAP EPS (12c)-(8c), consensus 6c
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16:50 EDTDATASplunk drops 10% after peer Tableau reports
Shares of Splunk (SPLK) are down 10% in after-hours trading to $42.54 after big data peer Tableau's (DATA) Q4 earnings report disappointed investors.
16:43 EDTDATATableau reports Q4 license revenue up 31% to $133.1M
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16:09 EDTDATATableau plunges after results
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16:04 EDTDATATableau reports Q4 EPS 33c, consensus 16c
Reports Q4 revenue $202.8M, consensus $200.77M. The company said it closed 414 transactions greater than $100,000, up 36% year over year and added more than 3,600 new customer accounts.
14:35 EDTDATANotable companies reporting after market close
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14:26 EDTDATATableau technical comments before earnings news
With a few notable exceptions, the $80 level has held as support since October 2014. If the news is a bearish disappointment, the stock could break the $80 bound from the current price of $81.76. If the $80 level is taken out on the downside, it would be a negative for future price. Next support levels to watch below $80 as potential downside objectives would be at $78.55, $76.27, and $73.93. The 52-week low is at $71.61. If the news is a positive surprise, the following resistance levels could become upside objectives: $83.81, $85.27, $87.50, and $91.05. It would take a move above $100 to turn the longer-term trend to bullish.
09:21 EDTDATATableau Q4 revenue likely to beat expectations, says RBC Capital
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February 3, 2016
11:09 EDTDATAMaxim says sell Tableau before it goes the way of Netscape
Shares of Tableau Software (DATA) are declining in late morning trading after Maxim initiated coverage with a Sell rating. NEXT NETSCAPE: Maxim analyst Nehal Chokshi started Tableau Software with a Sell rating and $70 price target, saying his channel checks indicated that Microsoft (MSFT) "has the pieces in place to render Tableau the next Netscape." Chokshi doesn't see Tableau's effective $400/year/user average selling price as sustainable, considering Microsoft's Power BI "matches the ease of use and functionality of Tableau" at an average selling price of $123/user/year. Further, since Tableau threatens Microsoft's cash cow, Office, Microsoft and its CEO, Satya Nadella, will be "highly motivated" to execute and leave Tableau as a "casualty." PRICE ACTION: Tableau is off its lows of the day, but is still trading down over 2% near $77 per share. The stock fell as low at $73.37 earlier in the session.
10:00 EDTDATAOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Capella Education (CPLA) initiated with an Outperform at Credit Suisse... DeVry (DV) initiated with an Outperform at Credit Suisse... Gilead (GILD) initiated with a Buy at Standpoint Research... Grand Canyon (LOPE) initiated with a Neutral at Credit Suisse... Hannon Armstrong (HASI) initiated with an Equal Weight at Morgan Stanley... Houghton Mifflin (HMHC) initiated with an Outperform at Credit Suisse... Mediaset (MDIUY) initiated with a Buy at Jefferies... Palo Alto (PANW) initiated with a Buy at Maxim... Splunk (SPLK) initiated with a Buy at Maxim... Strayer (STRA) initiated with a Neutral at Credit Suisse... Tableau (DATA) initiated with a Sell at Maxim... Tesla (TSLA) initiated with a Sell at Berenberg... WisdomTree (WETF) initiated with an Outperform at Northland... bluebird bio (BLUE) initiated with an Outperform at Leerink.
08:58 EDTDATATableau initiated with a Sell at Maxim
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February 2, 2016
17:04 EDTVJETvoxeljet sees FY16 revenue EUR28M-EUR30M, consensus EUR30.82M
FY16 gross margin is expected to be between 40%-42%. EBITDA is expected to be neutral-to-positive in 2016. Capital expenditures are projected to be in the range of EUR12M-13M, which primarily includes ongoing investments in global subsidiaries. Rudi Franz, CFO of voxeljet commented, "We enter 2016 with momentum as both customer interest and quoting activity remains strong and the outlook for 3D printer sales for industrial production applications is positive. Furthermore, while our long-term targeted revenue growth rate is now in the range of 25 to 30%, our overall growth strategy continues as we strengthen our brand and leadership in the market through the establishment of our global subsidiaries, which will contribute to our results progressively throughout the year. Our balance sheet remains strong with cash and cash equivalents of approximately 33.0 million Euros at December 31, 2015. We expect 2016 to be another exciting year for voxeljet."
11:34 EDTVJETvoxeljet management to meet with Stephens
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10:40 EDTGRPNStifel warns Twitter may go way of tech busts, cuts to Sell
Twitter (TWTR) is giving up nearly all of yesterday's gains after Fortune and The Wall Street Journal poured cold water on a report that private equity firm Silver Lake might be considering making a strategic investment in the company. Additionally weighing on the stock are a Business Insider report claiming that the number of tweets has declined by more than 50% in the last 18 months and research firm Stifel downgrading the stock to Sell. WHAT'S NEW: Yesterday morning, tech website The Information reported that venture capitalist Marc Andreessen and private equity firm Silver Lake have considered making a deal involving Twitter. However, Silver Lake isn't looking to make a deal with Twitter, The Wall Street Journal reported, citing an unnamed source. The Journal's article echoes a report yesterday afternoon by Fortune, which also quoted an unnamed source as saying that Silver Lake isn't interested in buying Twitter. Also, according to Business Insider, the number of daily tweets on Twitter has plummeted by more than 50% since August 2014. The report based its estimate on a sampling of data from the website's application programming interface. Last month, there were 303M tweets per day on average, down from the peak of an average of 661M per day in August 2014, when the World Cup was occurring, the website stated. Moreover, according to the data, Twitter has about 130M active users, versus the company's estimate of up to 320M monthly active users. STIFEL SAY SELL: Stifel analyst Scott Devitt downgraded Twitter to Sell form Hold, saying that it has "never fully developed into a sustainable public company." Yahoo (YHOO) says that it has 1B monthly active users, but the market valuation of Yahoo's core business is "much lower" than that of Twitter, which has a significantly smaller user base, Devitt stated. Additionally, Internet companies Groupon (GRPN) and Zynga (ZNGA) became well-known and obtained tens of millions of users, only to see their stocks plummet, the analyst stated. Meanwhile, Twitter's product has not changed significantly since the company hired a new CEO three months ago and it will have difficulty meeting financial expectations over the short-term and longer term, given the size of its user base, said Devitt, who has a $14 price target for the shares. PRICE ACTION: In morning trading, Twitter fell 6.3% to $16.78. The stock had gained 6.55% yesterday on the heels of Jessica Lessin's report in The Information.
10:00 EDTDATAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: DuPont Fabros (DFT) upgraded to Buy from Hold at Evercore ISI... GOL Linhas (GOL) upgraded to Neutral from Sell at Goldman... Integrated Device (IDTI) upgraded to Outperform from Neutral at Wedbush... Julius Baer (JBAXY) upgraded to Hold from Sell at Deutsche Bank... Kohl's (KSS) upgraded to Buy from Neutral at Buckingham... Mattel (MAT) upgraded on positive catalysts at Stifel... Mitsubishi sees limited downside for Tableau (DATA), ups to Neutral ... Morgan Stanley (MS) upgraded to Outperform from Neutral at Macquarie... Netflix (NFLX) upgraded to Overweight from Neutral at Piper Jaffray... Realty Income (O) upgraded to Equal Weight from Underweight at Morgan Stanley... TJX (TJX) upgraded to Outperform from Market Perform at BMO Capital.
February 1, 2016
16:20 EDTDATAMitsubishi sees limited downside for Tableau, ups to Neutral
Mitsubishi UFJ analyst Stephen Bersey late this afternoon upgraded Tableau Software to Neutral from Underweight with the stock below his $81 price target. After falling 15% since the beginning of the year, the shares have limited downside risk, Bersey tells investors in a research note.
15:58 EDTDATATableau upgraded to Neutral from Underweight at Mitsubishi UFJ
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January 31, 2016
20:43 EDTCTRPOn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Coca-Cola (KO) announced a minority stake in diary and juice company Chi, with plans to take full ownership within three years. 2. Billionaire investor Nelson Peltz is considering taking an activist position in Time Warner (TWX), the New York Post reported. 3. Toyota (TM) could temporarily halt domestic production after an explosion at a key supplier curbed its supply of steel, Reuters said. 4. Investigations into Herbalife (HLF), as well as investigations into Bill Ackman himself, have fizzled and criminal charges look unlikely, the Wall Street Journal revealed. 5. Virtu Financial (VIRT) and Ctrip (CTRP) were discussed positively by Barron's this week, as well as "tech bargains" Autodesk (ADSK), Akamai (AKAM), Western Digital (WDC), SanDisk (SNDK) and Lam Research (LRCX) and attractive banking stocks Citi (C), JPMorgan (JPM), Bank of America (BAC) and Wells Fargo (WFC).
14:02 EDTCTRPCtrip shares could rise 30% in a year, Barron's says
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January 25, 2016
16:11 EDTCTRPCtrip.com reports 16.6% stake in MakeMyTrip
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