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Stock Market & Financial Investment News

News Breaks
January 29, 2013
10:02 EDTDLR, MGM, FTNT, BMC, INXN, EQIX, NCR, ILMNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Digital Realty (DLR) downgraded to Neutral from Buy at BofA/Merrill... Equinix (EQIX) downgraded to Neutral from Buy at Citigroup... Fortinet (FTNT) downgraded to Hold from Buy at Wunderlich... Illumina (ILMN) downgraded to Equal Weight from Overweight at First Analysis... InterXion (INXN) downgraded to Neutral from Buy at Citigroup... MGM Resorts (MGM) downgraded to Hold from Buy at Deutsche Bank... NCR Corp. (NCR) downgraded to Neutral from Buy at Compass Point... NYSE Euronext (NYX) downgraded to Underweight from Neutral at HSBC... Netgear (NTGR) downgraded to Sector Perform from Outperform at RBC Capital... PNC Financial (PNC) downgraded to Market Perform from Outperform at Wells Fargo... Ruby Tuesday (RT) downgraded to Neutral from Outperform at Credit Suisse... Seagate (STX) downgraded to Equal Weight from Overweight at Evercore... Unilever (UN) downgraded to Hold from Buy at Jefferies... VMware (VMW) downgraded to Buy from Conviction Buy at Goldman... Pandora (P) downgraded to Neutral from Outperform at Wedbush... BMC Software (BMC) downgraded to Neutral from Outperform at Cowen... NYSE Euronext (NYX) downgraded to Underweight from Neutral at HSBC... Stanley Black & Decker (SWK) downgraded to In-Line from Outperform at Imperial Capital... Sanofi (SNY) downgraded to Equal Weight from Overweight at Barclays.
News For DLR;EQIX;FTNT;ILMN;INXN;MGM;NCR;BMC From The Last 14 Days
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March 2, 2015
10:00 EDTINXNOn The Fly: Analyst Downgrade Summary
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10:00 EDTDLROn The Fly: Analyst Upgrade Summary
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08:19 EDTDLRDigital Realty upgraded at Stifel
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06:27 EDTDLRDigital Realty upgraded to Buy from Hold at Stifel
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06:26 EDTINXNInterXion downgraded to Hold from Buy at Stifel
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February 27, 2015
09:35 EDTMGMNevada reports January statewide gaming win up 7.75% to $952.7M
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February 26, 2015
18:06 EDTDLRDigital Realty increases quarterly dividend 2.4% to 85c per share
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08:29 EDTMGMDeutsche cuts 2015 Macau growth forecast to down 21.4%
Deutsche Bank lowered its 2015 Macau gross gaming revenue forecast to down 21.4% from down 8.4% saying the demand issues will not be solved by expanding capacity. The firm's confidence in a Macau turnaround remains "muted," but it continues to view shares of MGM Resorts (MGM) as "meaningfully undervalued." It views Buy-rated Wynn Resorts (WYNN) as better suited for longer term investors at this stage, and lowered its price target for the stock to $170 from $176. Deutsche also cut its price target for Hold-rated Las Vegas Sands (LVS) to $49 from $53.
08:11 EDTEQIXEquinix and ScienceLogic announce collaboration to accelerate cloud adoption
Equinix, together with ScienceLogic, announced a collaboration to simplify and ease enterprise migration to the cloud. As part of this agreement, ScienceLogic has deployed its monitoring services globally within Equinix International Business Exchange data centers.
06:41 EDTILMNIllumina Accelerator secures $40M boost capital from Viking Global Investors
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February 25, 2015
15:17 EDTEQIXEquinix management to meet with Evercore ISI
Meetings to be held in San Francisco on February 25 and in Seattle on February 26 hosted by Evercore ISI.
09:36 EDTMGMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL HPQ PBR FSLR MRVL TSLA LVS ABX TWTR MGM
08:11 EDTNCRNCR Corp. selected by TEDi for POS solutions
NCR announced it will provide European discount retailer TEDi with point-of-sale solutions to improve customer service and drive sales. Up to 1,000 NCR RealPOS 50 systems will be deployed at TEDiís approximately 1,400 stores across Germany, Austria, Slovenia, Slovakia and The Netherlands in the next two years. Four hundred units have already been delivered to TEDi stores.
07:18 EDTILMNG Corp to hold annual meeting
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February 24, 2015
10:28 EDTFTNTAnalyst sees 'massive' IT security upgrade cycle still in early innings
A number of trends are spurring businesses and the government to spend aggressively on cyber security offerings, benefiting companies in the IT security sector, wrote research firm FBR Capital in a note to investors today. In conjunction, the firm raised its price target on a number of stocks in the sector. WHAT'S NEW: After conducting checks, FBR Capital analyst Daniel Ives believes that spending on advanced cyber security products has increased this quarter. The ongoing series of well-publicized cyber attacks on large companies is causing businesses to become more concerned about protecting themselves from this threat, according to Ive, who believes that advanced IT security products have "massive," once in a multi-decade growth potential. Data points indicate that enterprises are looking to buy more advanced firewall/cloud security solutions, while the sizes of purchases by customers in the space have increased. Meanwhile, given the high priority that the Obama administration has placed on cyber security, the federal government's spending on IT security is likely to rise in the coming quarters and years, Ives wrote. Forecasting a 20% increase in overall cyber security spending this year, the analyst believes that the following companies should benefit disproportionately from the positive trends, since they have "the right products at the right time:" Palo Alto (PANW), FireEye (FEYE), Proofpoint (PFPT), Check Point (CHKP), and Fortinet (FTNT). The analyst raised his price target on Fortinet to $39 from $36, on Palo Alto to $160 from $121, on Proofpoint to $67 from $60, and on Check Point to $93 from $85. He kept Outperform ratings on all the stocks named. WHAT'S NOTABLE: In its own note to investors, RBC Capital said it expects Palo Alto to report stronger than expected Q2 results, driven by "impressive" revenue and margin improvements. The firm raised its price target on the shares to $150 from $145 and kept an Outperform rating on the stock. PRICE ACTION:In early trading, Palo Alto added 0.2% to $138.41, FireEye advanced 1.2% to $43.87, Proofpoint lost slipped fractionally to $56.55, Check Point rose 0.5% at $82.77, and Fortinet gained 1.3% to $33.76.
09:52 EDTMGMMacau to review mainlandís individual visit scheme, Macau Business Daily says
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09:16 EDTFTNTFortinet price target raised to $43 from $37 at BofA/Merrill
BofA/Merrill recommends focusing on Fortinet given 2015 revenue growth acceleration and margin improvement. The firm said Fortinet trades significantly below the peer group but is exhibiting accelerating billings and revenue growth and strong demand for new products. The firm reiterates its Buy rating and raised its price target to $43 and views downside as limited.
08:32 EDTFTNTFBR checks show strong cybersecurity deal momentum
FBR Capital raised its price targets in the next-generation cybersecurity space after its channel checks showed strong deal momentum so far in the March quarter. The firm believes the "massive upgrade cycle" for next-generation cybersecurity remains in the early days. It raised its price target for Fortinet (FTNT) to $39 from $36, for Palo Alto (PANW) to $160 from $121, for FireEye (FEYE) to $53 from $45, for Proofpoint (PFPT) to $67 from $60 and for Check Point (CHKP) to $93 from $85.
February 23, 2015
10:15 EDTFTNTCyberArk sinks after JPMorgan analyst cuts rating to sell
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February 20, 2015
07:15 EDTEQIXEquinix shares should be bought on any weakness, says Stifel
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