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Stock Market & Financial Investment News

News Breaks
January 15, 2014
11:36 EDTSYMC, EMC, NTAP, DTLKDatalink soars after raising fourth quarter outlook
Datalink (DTLK), a designer of servers, storage and networks, is one of today's winners after the company raised its fourth quarter outlook. WHAT'S NEW: Last night, Datalink raised its fourth quarter profit and revenue outlook. The company raised its Q4 adjusted EPS view to 33c-37c from 24c-30c, compared to consensus of 25c. It also increased its guidance for Q4 revenue to approximately $174M from $160M-$170M, versus expectations of $164.86M. ANALYST REACTION: In a note to investors, research firm Canaccord said Datalink's better than expected results were likely due to a combination of large deals that slipped from the third quarter getting completed this quarter, as well as a recovery for product gross margins. Canaccord also said its believe's Datalink management is focused on making an accretive acquisition in the near term. The firm raised their price target on the stock to $17 from $16 and kept a Buy rating on the shares. PRICE ACTION: In late morning trading, Datalink soared nearly 27% to $13.80 on nearly five times its average daily trading volume. Over the past twelve months, the stock is up approximately 55%. OTHERS TO WATCH: Other stocks in the storage and networks space include EMC Corporation (EMC), Symantec (SYMC), and NetApp (NTAP), all of which are trading higher this morning.
News For DTLK;EMC;SYMC;NTAP From The Last 14 Days
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March 3, 2015
07:07 EDTNTAPPacific Crest to hold a summit
10th Annual Emerging Technology Summit is being held in San Francisco on March 3-4.
March 2, 2015
08:30 EDTEMCFBR keeps Outperform on EMC after report says no spin-off
FBR Capital maintains an Outperform rating on shares of EMC (EMC) after Reuters reported Friday that the company's management has deciding against spinning off its stake in VMware (VMW). FBR says that while the news is disappointing, it is not surprising. It also thinks the report could be a near-term positive for VMware, since it could remove the spin-off uncertainty. FBR notes EMC is having an analyst day on March 10.
February 27, 2015
16:29 EDTEMCEMC decides against spinning off stake in VMware, Reuters reports
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15:57 EDTEMCEMC decides against spinning off stake in VMware, Reuters reports
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09:16 EDTEMCEMC to hold a conference call
VP-Product Management Josh Goldstein holds a conference call to discuss EMC XtremIO on February 27 at 1 pm. Webcast Link
February 26, 2015
05:47 EDTEMCAtos and EMC to further strengthen strategic alliance
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February 23, 2015
10:15 EDTSYMCCyberArk sinks after JPMorgan analyst cuts rating to sell
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05:54 EDTSYMCSymantec management to meet with JMP Securities
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February 19, 2015
08:34 EDTSYMCIntralinks expands Enterprise Fabric partner ecosystem
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February 18, 2015
16:03 EDTDTLKDatalink sees Q1 EPS 14c-19c, consensus 17c
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16:02 EDTDTLKDatalink reports Q4 EPS 28c, consensus 30c
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09:45 EDTNTAPNetApp to participate in a conference call with Credit Suisse
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February 17, 2015
17:13 EDTEMCPoint72 gives quarterly update on stakes
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08:34 EDTSYMCImprivata announces partnership with Symantec
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07:22 EDTNTAP, SYMCMitsubishi UFJ to hold a tour
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06:48 EDTNTAPNimble Storage winning at NetApp's expense, says Piper Jaffray
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