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May 16, 2014
11:01 EDTCHL, TTWO, CA, DDS, CSCOOptions with decreasing implied volatility: DDS TTWO CSCO CA CHL
Options with decreasing implied volatility: DDS TTWO CSCO CA CHL
News For DDS;TTWO;CSCO;CA;CHL From The Last 14 Days
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January 27, 2015
14:27 EDTCHLEarnings Preview: Apple China iPhone sales seen eclipsing U.S. for first time
Apple (AAPL) is set to report first quarter earnings after the market close on Tuesday, January 27, with a conference call scheduled for 5:00 pm ET. Apple, the world's most valuable company by market capitalization, is the manufacturer of the iPhone and iPad, among other desktop and mobile computing devices. EXPECTATIONS: Analysts are looking for earnings per share of $2.60 on revenue of $67.69B, according to First Call. The consensus range for EPS is $2.44-$2.97 on revenue of $65.01B-$74.27B. Along with its last earnings report, Apple said it sees Q1 revenue of $63.5B-$66.5B and a gross margin of 37.5%-38.5%. In a note to investors, Piper Jaffray analyst Gene Munster recently raised the firm's iPhone unit expectation to 65M from 61M based on the company reaching supply/demand balance before the end of the quarter. The firm reduced its iPad expectation to 22M from 25M and said it expects Mac sales to be roughly in line with the Street at around 5.3M units. LAST QUARTER: Apple reported fourth quarter EPS of $1.42, which topped the consensus estimate for $1.31. Fourth quarter revenue of $42.1B also beat the $39.85B consensus expectation. Apple reported it sold 39.27M iPhones, 12.32M iPads, 5.52M Macs, and 2.64M iPods in Q4. Apple reported Q4 gross margin of 38%, versus 37% last year, and noted that international sales accounted for 60% of the quarter’s revenue. NEWS: On November 11, Alibaba's (BABA) Executive Vice Chairman Joseph Tsai said the company and Apple were in talks for a potential partnership that would focus on the Chinese market, reported the Wall Street Journal. In an interview, Tsai said, “We are positive about the potential cooperation, but it depends on the details being worked out.” On January 8, Apple announced that the first week of January set a new record for billings from the App Store with customers around the world spending nearly half a billion dollars on apps and in-app purchases, and New Year’s Day 2015 marked the single biggest day ever in App Store sales history. These milestones follow a record-breaking 2014, in which billings rose 50% and apps generated over $10B in revenue for developers, Apple added. Yesterday, the Financial Times reported that Apple is expected to say it sold more iPhones in China than the U.S. for the first time last year. Analysts estimate the turning point in sales came last year after a deal with China Mobile (CHL), the publication added. ANALYST OPINION: On the day after Apple's last earnings report, Cantor Fitzgerald said Apple "executed impressively" in Q4 and provided a strong outlook for Q1. The firm added that it believed investors should "start thinking more boldly" about the company. It raised its price target for shares to $143 and keeps a Buy rating on the stock. Deutsche Bank, meanwhile, said it believed strong near-term growth was largely priced into Apple shares at then-current levels, while catalysts were limited ahead of Apple Watch. The firm expected shares to be range bound and kept a Hold rating on Apple following the company's better than expected Q4 results. On January 13, Credit Suisse analyst Kulbinder Garcha upgraded Apple to Outperform from Market Perform. The company should sell 215M iPhones in both fiscal 2015 and fiscal 2016, Garcha estimated. The same day, Canaccord analyst T. Michael Walkley said surveys showed strong demand and market share gains for the new iPhones. The analyst increased his iPhone estimates for Apple's December quarter, as well as his estimates for the company's overall December quarter results and reiterated a $135 price target and Buy rating on the shares. On January 15, Mizuho downgraded Apple to Neutral from Buy and maintained its $115 price target based on its belief that the risk/reward for the stock was balanced. The firm said it expects solid Q1 results and for the company's March outlook to be in-line with consensus, but expects iPhone sales to decelerate later in the year and for iWatch sales to potentially disappoint. Yesterday, Piper Jaffray said it believes investors are expecting Apple to report 65M-69M iPhone sales for the December quarter. Piper, which thinks the iPhone 6 sales cycle is off to a better than expected start and will be more sustainable than in past cycles, believes Apple's March quarter revenue guidance could imply about 5% upside to Street estimates, which it feels should be enough for the stock to react positively post earnings. Piper reiterated an Overweight rating on Apple with a $135 price target. PRICE ACTION: Shares of Apple advanced about 2.7% on the first day of trade following its Q4 report. Over the last three months, shares of Apple are up a bit over 5%. In afternoon trading ahead of its Q1 report tonight, Apple was down almost 2% to just over $111 per share.
January 26, 2015
08:53 EDTTTWOTake-Two named a high conviction idea for 2015 at MKM Partners
MKM Partners named Take Two a high conviction idea for 2015. The firm is positive on Take Two's potential for FY15 EPS upside, growing cash balances, sustained long-term profitability and sizable share repurchases. The firm rates shares a Buy with a $35 price target, up from $30.
06:37 EDTCHLApple to report China iPhone sales topped US iPhone sales, Financial Times says
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January 23, 2015
16:55 EDTCAMarket ends week higher after ECB announces bond purchase plan
Stocks finished higher for the week after the European Central Bank unveiled a larger than expected bond buying plan and earnings season in the U.S. picked up steam. MACRO NEWS: The European Central Bank announced that it would buy EUR 60B of government and private bonds per month through September 2016. Reports before the ECB's official announcement had suggested that the central bank would buy EUR 50B of bonds per month... On a negative note, the International Monetary Fund cut its 2015 global growth outlook to 3.5% from 3.8%... U.S. economic data was mixed, as weekly jobless claims and sales of existing homes in December were worse than expected, but the index of leading economic indicators and new housing permits for December came in above the consensus outlook. COMPANY NEWS: Netflix (NFLX), Starbucks (SBUX), firearm maker Smith & Wesson (SWHC), and Southwest Airlines (LUV) were among the companies whose stocks rose following their results and guidance. On the other side of the ledger, Johnson & Johnson (JNJ), IT management solution provider CA Technologies (CA), UPS (UPS), and application delivery networking products maker F5 Networks (FFIV) were among the companies that fell after they reported their earnings or updated their financial outlooks... M&A reports moved a number of stocks this week. The Financial Post reported that Samsung (SSNLF) had hired investment bank Evercore (EVR) to evaluate a purchase of the troubled Canadian company. Samsung is still considering purchasing BlackBerry (BBRY), the newspaper added. However, Canada's BNN reported that Evercore said that Samsung has not been a recent client of theirs and that they prepare ideas "routinely" on their "own accord." Avon (AVP) has held talks about a potential sale to private equity firm TPG Capital, dealReporter stated. Bloomberg reported that online travel agency Orbitz Worldwide (OWW) is working with an adviser to contact potential buyers and has drawn interest from private-equity funds and other Internet companies... DreamWorks Animation (DWA) tumbled after announcing a new strategic plan that will see it cut its feature production from three films per year down to two and axe about 500 jobs. INDEXES: For the week, the Dow dipped 0.37% to 17,672.60, the Nasdaq rose 1.14% to 4,757.88, and the S&P gained 0.34% to 2,051.82.
09:02 EDTCSCOA10 Networks announces collaboration with Cisco
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January 22, 2015
11:32 EDTCSCOF5 Networks plummets after Q2 outlook trails estimates
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08:57 EDTCSCOIxia slides after Oracle unveils Virtual Compute Appliance X5
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06:52 EDTCACA Technologies management to meet with Maxim
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05:53 EDTCSCOCisco price target raised to $33 from $26 at Piper Jaffray
Piper Jaffray raised its price target for Cisco to $33 saying it is more positive on shares after its 2015 survey of chief investment officers indicated managements expect to increase their budgets on Switching, Routing, WLAN and Security. Piper believes Cisco is well positioned for increased spending and reiterates an Overweight rating on the stock. The networking giant closed yesterday down 23c to $27.84.
January 21, 2015
18:27 EDTCSCOOn The Fly: After Hours Movers
UP AFTER EARNINGS: eBay (EBAY), up 2.9%... United Rentals (URI), up 1.5%. ALSO HIGHER: Minerva (NERV), up 16.1% after reporting positive Phase 1 data with MIN-202... Endo (ENDP), up 3.1% after it was announced that Endo will replace Covidien in S&P 500 as of 1/26 close... Covidien (COV) is up 1%. DOWN AFTER EARNINGS: F5 Networks (FFIV), down 15.8%... Xilinx (XLNX), down 6.1%... Discover Financial Services (DFS), down 3.3%... American Express (AXP), down 2.2%. ALSO LOWER: BioMarin (BMRN), down 2.5% after filing to sell 7.25M shares of common stock... Kinder Morgan (KMI), down 1.9% after announcing that it will acquire Hiland Partners for approximately $3B and reporting fourth quarter results... Cisco (CSCO), down 1.4% after Bloomberg reported that Oracle's (ORCL) Ellison said that Oracle's new Virtual Compute Appliance is cheaper than Cisco's product.
17:00 EDTCSCOCisco down 1.4% after Oracle's Ellison says VCA cheaper than Cisco product
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16:58 EDTCSCOOracle introduces Virtual Compute Appliance, Bloomberg reports
Oracle's (ORCL) Ellison says Virtual Compute Appliance is half the price of equivalent Cisco (CSCO) hardware, added Bloomberg, citing comments from an event at Oracle headquarters.
16:35 EDTCAOn The Fly: Closing Wrap
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13:03 EDTCACA Technologies trades sharply lower post-earnings, levels to watch
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January 20, 2015
16:09 EDTCACA Technologies sees FY15 EPS $2.45-2.52, consensus $2.44
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16:06 EDTCACA Technologies reports Q3 EPS 67c, consensus 60c
Reports Q3 revenue $1.09B, consensus $1.09B.
15:21 EDTCANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include IBM (IBM), consensus $5.41; Netflix (NFLX), consensus 45c; CA Technologies (CA), consensus 60c; Cree (CREE), consensus 22c; Woodward (WWD), consensus 46c; Fulton Financial (FULT), consensus 21c; Advanced Micro Devices (AMD), consensus 1c; Interactive Brokers (IBKR), consensus 6c; Pinnacle Financial (PNFP), consensus 53c.
January 16, 2015
05:45 EDTTTWODecember NPD video game software sales dropped 2%, says Piper Jaffray
Piper Jaffray notes December NPD video game software sales fell 2% year-over-year, with the full quarter down 6% and 2014 down 13%. Piper attributes the declines to legacy weakness and a portion of sales shifting to full-game downloads. The firm expects software growth in 2015 and maintains Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).
January 15, 2015
13:07 EDTCSCONetworking trends seen as boon for Cisco, others
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06:27 EDTCSCOIntel to partner with more IT players for Internet of Things, DigiTimes reports
Intel (INTC) is preparing to team up with more IT firms such as AT&T (T), Verizon (VZ), Cisco (CSCO), SAP (SAP), and Microsoft (MSFT) in order to expand the Internet of Things industry in 2015, reports DigiTimes. According to sources from the upstream supply chain, Intel has been playing an active role in helping Taiwan build its smart city infrastructure and has also cooperated with Chunghwa Telecom to develop the IoT and cloud computing applications. Reference Link
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