New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 1, 2014
12:35 EDTSPLK, DATA, QLIK, TDC, MSFTTableau advances after analyst bullish on growth outlook
Shares of Tableau (DATA), which develops data analysis tools, are rising after research firm Robert W. Baird upgraded the stock to Outperform from Neutral in a note to investors earlier today. WHAT'S NEW: After speaking with Tableau's partners that sell its products, Baird analyst Steven Ashley reported that these companies think that Tableau has "only scratched the surface" of its market opportunity. Tableau's potential market is much larger than most industry experts believe, Ashley stated. Microsoft's (MSFT) Excel is the product that Tableau's offerings replace most often, and there are 325M corporate Excel users, the analyst stated. Meanwhile, less than 500,000 Tableau products are being actively used, Ashley added. The analyst cautioned that he does not expect Tableau to report stronger than expected first quarter results, but anticipates that the company's results will be strong and in-line with expectations. OTHERS TO WATCH: Other companies that sell data analysis products include Qlik Technologies (QLIK), Splunk (SPLK), and Teradata (TDC). PRICE ACTION: In early afternoon trading, Tableau jumped $3.05, or 4%, to $79.13.
News For DATA;MSFT;QLIK;SPLK;TDC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 >>
November 17, 2015
18:58 EDTMSFTMicrosoft CEO says building new cyber defense center, NBC reports
Speaking at the Microsoft Government Cloud Forum on Tuesday, CEO Satya Nadella revealed plans to open a Cyber Defense Operations Center, gathering security experts from across the company's suite of products in order to respond to security threats in real-time, reports NBC. Reference Link
09:02 EDTMSFTAnalyst pans competing products, says buy Fitbit
Shares of previous high-flier Fitbit (FIT) have dropped about 30% in the last two weeks following the company's third quarter earnings report, but an analyst at Bank of America upgraded his view of the fitness tracker maker this morning, saying that now is the time to buy ahead of fourth quarter results that may be boosted by the "underwhelming" new products being launched by its competitors. UNDERWHELMING COMPETITION: Fitbit's sales guidance for this holiday quarter looks conservative, contends Bank of America analyst Nat Schindler, who notes that the company only had the launch of one new product last December but will have the Charge, Charge HR and Surge to drive sales this season. Schindler also notes that the company's international advertising has expanded into more countries ahead of the holidays this year. Key, however, may be the "underwhelming" lineup of new or updated fitness trackers launched by competitors, such as the Microsoft's (MSFT) Band 2, Jawbone's UP4 and Sony's (SNE) Smartband 2, many of which have only minor improvements and no "must have" features to pull consumers away from Fitbit, Schindler told investors in his research note. PLATFORM PICKING UP STEAM: The analyst also pointed out that Fitbit now has more than 20 companies signed onto its health and wellness platform, including big names like Target (TGT) and Barclays (BCS), which he believes should help drive revenue beats in the upcoming fiscal year due to increased device sales. Also, the additional dashboard data should help Fitbit maintain long-term user engagement, said Schindler. APPLE WATCH: Apple's (AAPL) Apple Watch is largely viewed as the biggest potential competitive threat to Fitbit's offerings, but on the fitness tracker maker's last earnings call CEO James Park said Fitbit's products differ from those of its competitors in several key aspects, including pricing, cross-platform compatibility, brand awareness and product line breadth. Other wearables makers include Garmin (GRMN) and Samsung. PRICE ACTION: Since the day after Fitbit's last earnings report after the market close on November 2, its shares have fallen about 29.5% to close yesterday at $28.80. In pre-market trading this morning, Fitbit shares rose 2% to $29.40.
08:10 EDTSPLKSplunk volatility elevated into Q3 and outlook
Subscribe for More Information
07:56 EDTDATA, MSFTUBS to hold a conference
Global Technology Conference is being held in San Francisco on November 16-18 with webcasted company presentations to begin on November 17 at 10:45 am.; not all company presentations may be webcasted. Webcast Link
07:33 EDTSPLKSplunk results should modestly beat expectations, says RBC Capital
Subscribe for More Information
06:16 EDTMSFTMicrosoft turns around flawed security technology, NY Times says
Subscribe for More Information
November 16, 2015
17:02 EDTMSFTPoint72 added to lululemon position, subtracted from Netflix position
Subscribe for More Information
16:00 EDTMSFTOptions Update; November 16, 2015
Subscribe for More Information
November 15, 2015
19:29 EDTMSFTMicrosoft delays, possibly kills tool to translate Android apps, Re/code says
Subscribe for More Information
November 13, 2015
16:00 EDTMSFTOptions Update; November 13, 2015
Subscribe for More Information
09:35 EDTMSFTActive equity options trading on open
Active equity options trading on open: AAPL CSCO FB BAC BABA MSFT NFLX INTC JCP AMZN C
06:27 EDTMSFTMicrosoft brings major updates to Xbox One, WSJ reports
Subscribe for More Information
November 12, 2015
17:41 EDTMSFTValueAct discloses sale of 18.65M shares of Microsoft
In a regulatory filing, ValueAct disclosed the sale of 18.65M shares of Microsoft.
16:27 EDTSPLKOn The Fly: Top stock stories for Thursday
Stocks on Wall Street opened in negative territory and weakened throughout the day, pushing equities down to their lowest levels of November. Comments made by Fed officials early in the day lent more uncertainty, not more clarity, regarding the chances of a rate hike at the FOMC meeting in December. The commodity sector was also weak, led by oil, which saw benchmark U.S. prices hit a three month low as WTI crude slid below $42 per barrel. ECONOMIC EVENTS: In the U.S., initial jobless claims were unchanged at 276,000 in the week of November 7, versus expectations for 270,000 first-time claims. The JOLTS report showed job openings rebounded 149,000 to 5.53M in September. In Europe, European Central Bank president Mario Draghi, in remarks delivered in a hearing in the European Parliament, once again signaled that the bank is ready to boost stimulus at its December meeting, if warranted. COMPANY NEWS: Shares of Angie's List (ANGI) gained $1.05, or 13.26%, to $8.97 after IAC/InterActiveCorp (IACI), the parent company of HomeAdvisor, made public a $8.75 per share cash buyout offer. Yelp (YELP), which also connects people with local businesses via its web-based and mobile services, rose 92c, or 3.66%, to $25.90 following the revelation of the takeout bid for Angie's List... Department store owner Kohl's (KSS) advanced $2.64, or 6.12%, to $45.80 after its third quarter earnings and revenues beat expectations... Shares of PayPal (PYPL) were weak for a second straight session following a report yesterday afternoon alleging that Apple (AAPL) is set to launch a competitor to one of the payment technology company's offerings. Shares of PayPal slipped 1.8% to close at $36.33 yesterday following The Wall Street Journal's report, then dipped another 2.1% to close at $35.57 today. MAJOR MOVERS: Among the notable gainers was Eros International (EROS), which rebounded 65c, or 7.88%, to $8.90 after calling allegations of security laws violations "baseless and misleading." Also higher was Splunk (SPLK), which rose $1.61, or 2.82%, to $58.78 after research firm JMP Securities reiterated an Outperform rating on the name, saying recent checks indicate that spending on Splunk products "remains healthy." (JD) advanced 3.2% to $28.78 after reporting 130% sales growth for China's Singles Day event. Among the noteworthy losers was Fairmount Santrol (FMSA), which fell 66c, or 22%, to $2.34 after reporting downbeat third quarter earnings and suspending its earnings guidance due to market "uncertainty." Also lower was Advance Auto Parts (AAP), which declined $30.00, or 15.41%, to $164.67 after its quarterly report missed analyst expectations, which came alongside a retirement announcement by its CEO and news of Starboard chief Jeff Smith being appointed to the company's board. Additionally, Derma Sciences (DSCI) lost 27.9% to $4.04 after terminating its Phase 3 clinical trials of aclerastide for the treatment of foot ulcers due to futility. INDEXES: The Dow fell 254.15, or 1.44%, to 17,448.07, the Nasdaq lost 61.94, or 1.22%, to 5,005.08, and the S&P 500 dropped 29.03, or 1.4%, to 2,045.97.
16:00 EDTMSFTOptions Update; November 12, 2015
iPath S&P 500 VIX Short-Term Futures up 1.28 to 20.18. Option volume leaders: GE AAPL MNKD XOM BAC FB SUNE CSCO NFLX SYF BABA MSFT
13:24 EDTMSFTEarnings Watch: Cisco seeks to break out of trading rut with Q1 report
Cisco Systems (CSCO) is scheduled to report results of its fiscal first quarter after the market close on Thursday, November 12 with a conference call scheduled for 4:30 pm ET. Cisco, a member of the Dow Jones Industrial Average, sells Internet protocol-based networking and other products related to the communications and IT industry and provides related services. EXPECTATIONS: Analysts are looking for earnings per share of 56c on revenue of $12.65B, according to First Call. The consensus range for EPS is 55c-59c on revenue of $12.55B-$12.81B. Along with its quarterly report, Cisco guided to Q1 EPS of 55c-57c and said it expects its revenue to increase 2%-4% year over year. LAST QUARTER: On August 12, Cisco reported fourth quarter EPS of 59c on revenue of $12.8B, beating consensus estimates of 56c and $12.65B for EPS and revenue, respectively. NEWS: On its Q4 earnings conference call, Cisco said that it was looking at acquisitions at the right price, particularly in areas like software and security. On August 31, Apple (AAPL) and Cisco announced a partnership to build a "fast lane" for iOS business users by optimizing Cisco networks for iOS devices and apps, integrating iPhone with Cisco enterprise environments and providing unique collaboration on iPhone and iPad. The next day, Cisco was among multiple other companies, including Amazon (AMZN), Google (GOOG), Intel (INTC), Microsoft (MSFT), Mozilla, and Netflix (NFLX), announcing the formation of the Alliance for Open Media to build next-generation media formats, codecs, and technologies in the public interest. On September 3, Business Insider reported that people at Cisco still though that chairman John Chambers was running the show as chief executive officer after appointing Chuck Robbins to that role last May. On September 15, Mandiant, a FireEye (FEYE) subsidiary, said in a blog post that researchers discovered previously unknown attacks on certain routers and that such attacks replace the operating system used in Cisco equipment. About a week later, the Wall Street Journal reported that Cisco was aiming to strengthen its business in China by joining forces with Inspur group, a move which was confirmed on September 24. On October 29, Cisco announced its intention to acquire 1 Mainstream. CNBC later reported that the company paid $100M-$150M to acquire 1 Mainstream. On November 9, Ericsson (ERIC) and Cisco announced a global business and technology partnership to "create the networks of the future." The companies said that the strategic partnership will be a key driver of growth and value for the next decade, with each company benefiting from incremental revenue in calendar year 2016 and expected to ramp to $1B or more for each by 2018. STREET RESEARCH: On August 17, Morgan Stanley downgraded Cisco to Equal Weight from Overweight and maintained a $30 price target on the stock, saying it did not believe improved growth is "secular" and anticipates growth will revert to GDP like levels as the upgrade cycle concludes. Wells Fargo said on August 28 that a 10% selloff in communication tech stocks, including Cisco, had created an attractive buying opportunity. Bernstein said a week later that Cisco, Juniper (JNPR), and F5 Networks (FFIV) should be bought on wider macro economic weakness. On October 6, Citi initiated coverage of Cisco with a Buy rating and $30 price target. A week later, Barclays initiated coverage of Cisco with an Overweight rating and a $32 price target. On November 9, RBC Capital maintained an Outperform rating and $33 price target on Cisco, saying it expects the company to report slightly better than expected results. The next day, SunTrust maintained a Buy rating on Cisco, saying its partnership with Ericsson was a positive and should strengthen Cisco's service provider business. PRICE ACTION: In afternoon trading ahead of tonight's report, Cisco shares were up 0.5% to $27.97. In the last three months, Cisco shares are fractionally higher and virtually unchanged when discounting this afternoon's slight rise.
10:25 EDTDATAOptions with decreasing implied volatility
Subscribe for More Information
09:00 EDTSPLKSplunk should be bought ahead of earnings, says JMP Securities
Subscribe for More Information
08:30 EDTMSFTMicrosoft volatility flat as shares trade near 14-year high
Subscribe for More Information
06:39 EDTMSFTMicrosoft unveils plan to protect European data from U.S. overreach, FT says
Subscribe for More Information
1 | 2 | 3 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use