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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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November 25, 2014
13:49 EDTSYMCPalo Alto rallies after results beat expectations
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12:35 EDTEMCEarnings Preview: Analysts take positive view of HP after split plan
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09:38 EDTNTAPNetApp participates in a conference call with Goldman Sachs
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November 24, 2014
08:34 EDTSYMCJefferies software analysts hold an analyst/industry conference call
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November 23, 2014
16:41 EDTSYMCSymantec discovers advanced piece of malware known as Regin
Symantec announced in a company blog post that it has discovered an advanced piece of malware, known as Regin that has been used in systematic spying campaigns against a range of international targets since at least 2008. In the blog post Symantec noted: "A back door-type Trojan, Regin is a complex piece of malware whose structure displays a degree of technical competence rarely seen. Customizable with an extensive range of capabilities depending on the target, it provides its controllers with a powerful framework for mass surveillance and has been used in spying operations against government organizations, infrastructure operators, businesses, researchers, and private individuals. It is likely that its development took months, if not years, to complete and its authors have gone to great lengths to cover its tracks. Its capabilities and the level of resources behind Regin indicate that it is one of the main cyberespionage tools used by a nation state...Regin is a highly-complex threat which has been used in systematic data collection or intelligence gathering campaigns. The development and operation of this malware would have required a significant investment of time and resources, indicating that a nation state is responsible. Its design makes it highly suited for persistent, long term surveillance operations against targets. The discovery of Regin highlights how significant investments continue to be made into the development of tools for use in intelligence gathering. Symantec believes that many components of Regin remain undiscovered and additional functionality and versions may exist. Additional analysis continues and Symantec will post any updates on future discoveries. "Reference Link
November 21, 2014
10:38 EDTSYMCJefferies says Microsoft, Salesforce.com, Symantec facing significant problems
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10:01 EDTEMC, SYMCOn The Fly: Analyst Initiation Summary
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07:25 EDTEMCEMC reinstated with a Buy at BofA/Merrill
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06:02 EDTSYMCSymantec implied volatility of 18 at lower end of index mean range
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November 20, 2014
16:17 EDTSYMCSymantec initiated with an Underperform at Jefferies
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07:23 EDTEMCBoston Security Analysts Society to hold a conference
Sustainable Investing: Taking the Long View is being held in Boston on November 20.
November 19, 2014
07:46 EDTSYMCSymantec, Hewlett-Packard announce DRaaS solution partnership
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07:40 EDTSYMCUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 19 at 10:45 am; not all company presentations may be webcasted.Webcast Link
November 17, 2014
06:48 EDTSYMCState Department hacked, NY Times reports
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06:02 EDTEMCStocks with implied volatility movement; WFT EMC
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November 16, 2014
19:34 EDTSYMCFinancial services firms plan $2B increase in cybersecurity spending, WSJ says
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November 14, 2014
13:55 EDTEMCEMC volatility elevated as shares near 13-year high
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November 13, 2014
10:01 EDTEMCOn The Fly: Analyst Initiation Summary
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08:14 EDTEMCEMC initiated with a Hold at Maxim
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07:36 EDTNTAPNetApp price target raised to $47 from $45 at Brean Capital
Brean Capital raised its price target on NetApp to $47 from $45 following its Q2 results. The firm feels the company's balance sheet and free cash flow generation will underpin a capital return program. Brean Capital reiterates its Buy rating on NetApp shares.
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