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Stock Market & Financial Investment News

News Breaks
January 15, 2014
11:36 EDTDTLK, EMC, SYMC, NTAPDatalink 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
Check below for free stories on DTLK;EMC;SYMC;NTAP the last two weeks.
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August 31, 2014
18:49 EDTSYMCSymantec interim CEO at top of candidate list for permanent job, Bloomberg says
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13:27 EDTSYMCAT&T to hold a conference
16th Annual AT&T Cyber Security Conference will be held in New York on September 3-4 with webcast availability on September 4 at 9 am; Webcast Link
13:20 EDTSYMCCitigroup to hold a conference
Global Technology Conference to be held in New York on September 2-4.
August 28, 2014
09:57 EDTSYMCOn The Fly: Analyst Initiation Summary
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06:54 EDTSYMCSymantec coverage resumed with a Hold at Stifel
August 26, 2014
15:04 EDTNTAPNetApp extends alliance with VMware on cloud computing
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12:32 EDTEMCVMware slips after updating 2015 guidance at analyst day
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August 24, 2014
21:59 EDTDTLKVMware to hold a conference
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August 19, 2014
08:11 EDTEMCVMware promotes Betsy Sutter to SVP, Chief People Officer
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08:09 EDTEMCVMware updates executive responsibilities
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06:17 EDTSYMCSymantec turns attention to smartphones, connected devices, WSJ reports
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