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Stock Market & Financial Investment News

News Breaks
January 15, 2014
11:36 EDTEMC, NTAP, DTLK, SYMCDatalink 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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April 14, 2015
10:16 EDTNTAPHigh option volume stocks
High option volume stocks: NSAM ALU CJES BIG CMRX ERIC NTAP TMO KN CIG
April 13, 2015
10:48 EDTSYMCOptions with increasing implied volatility
Options with increasing implied volatility: CLDN WETF EWH FOSL FXI TLM PRGO ATHN SYMC MAC
09:59 EDTSYMCSymantec split would be positive, says Wells Fargo
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09:33 EDTSYMCSymantec sale of Veritas would be good outcome, says Cowen
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08:06 EDTSYMCSymantec expands Incident Response Services globally
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07:08 EDTSYMC, EMC, NTAPSources: Symantec exploring Veritas sale 'for months,' Reuters reports
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06:47 EDTSYMCPalo Alto, FireEye remain Piper's favorite security ideas
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April 12, 2015
18:11 EDTSYMCEx-hacker says many capable of launching Sony-style cyber attack, CNET says
Ninety percent of companies are vulnerable to a Sony (SNE)-like cyber attack security experts tell "60 Minutes," CNET says. Companies in the cyber security space include Barracuda (CUDA), FireEye (FEYE), Check Point (CHKP), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Qualys (QLYS), Symantec (SYMC) and Proofpoint (PFPT). Reference Link
April 11, 2015
15:01 EDTSYMCSymantec to hold analyst day
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April 10, 2015
16:05 EDTSYMCSymantec exploring sale of Veritas data-storage unit, WSJ says
Symantec, which has previously announced plans to split up its cybersecurity and information-management businesses, is exploring a sale of its Veritas data-storage and recovery business, which could fetch more than $8B, said The Wall Street Journal, citing sources. Potential buyers approached Symantec before it began contacting possible bidders, but it has since contacted private-equity firms and companies in the industry that may be interested in Veritas, the report added. Reference Link
15:38 EDTSYMCSymantec jumps 7% after report of exploring Veritas sale
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15:36 EDTSYMCSymantec exploring sale of Veritas unit, DJ says
The sale could bring more than $8B, according to sources, DJ reports.
April 9, 2015
10:00 EDTEMCOn The Fly: Analyst Downgrade Summary
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08:27 EDTEMCEMC downgraded at FBN Securities
As previously reported, FBN Securities downgraded EMC to Sector Perform from Outperform, stating that its Q1 storage checks were surprisingly weak. The firm said feedback provided for the negative data points included storage bit demand growth being hurt by cloud movement and data duplication and compression; reports of increased allocation by IT managers towards security; and negative notes about the competitive environment. The firm believes EMC's annual guidance was already aggressive and the FX impact will be worse than guided in the January outlook. FBN Securities lowered EMC's price target to $27 from $30.
08:02 EDTEMCEMC downgraded to Sector Perform from Outperform at FBN Securities
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April 8, 2015
11:08 EDTSYMCCybersecurity stocks in focus after White House security breach
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10:16 EDTEMCEMC calls active amid speculation of an activist investor stake
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10:10 EDTEMCRumor: EMC moves up amid speculation of an activist investor stake
09:36 EDTSYMCSingtel acquires cybersecurity company Trustwave for $810M
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April 7, 2015
16:55 EDTNTAP, EMCXerox upgraded to Buy ahead of Q1 results at Citigroup
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