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Stock Market & Financial Investment News

News Breaks
January 15, 2014
11:36 EDTNTAP, DTLK, SYMC, EMCDatalink 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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April 16, 2014
10:00 EDTNTAPOn The Fly: Analyst Downgrade Summary
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07:07 EDTEMCAmazon, Google, Microsoft cut prices for cloud computing products, WSJ says
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05:27 EDTNTAPNetApp downgraded to Neutral from Buy at UBS
UBS downgraded NetApp to Neutral citing rising competition and a "mediocre" outlook for storage spending. The firm lowered its price target for shares to $40 from $50.
April 15, 2014
12:57 EDTSYMCSymantec calls active
Symantec May 21 and January 22 calls are active on total call volume of 13K contracts (1K puts). May call option implied volatility is at 37, July is at 28, January is at 26; compared to its 26-week average of 26 according to Track Data. Active volume and elevated volatility suggests traders taking positions for larger price movement.
12:34 EDTSYMCSymantec attracting PE interest following CEO firing, Reuters reports
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12:29 EDTSYMCSymantec attracting PE interest following CEO firing, Reuters reports
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06:06 EDTSYMCSymantec implied volatility of 39 at upper end of index mean range
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April 14, 2014
12:11 EDTSYMCPalo Alto jumps after two analysts raise their ratings
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April 11, 2014
12:42 EDTSYMCOn The Fly: Analyst Downgrade Summary
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07:29 EDTSYMCNetwork security Q1 survey shows 'respectable' demand, says Jefferies
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06:05 EDTSYMCSymantec downgraded to Equalweight from Overweight at Barclays
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April 10, 2014
10:00 EDTEMCOn The Fly: Analyst Initiation Summary
Apple (AAPL) initiated with a Buy at Deutsche Bank... Crocs (CROX) initiated with a Buy at Buckingham... Deckers Outdoor (DECK) initiated with a Buy at Buckingham... EMC (EMC) initiated with a Buy at Deutsche Bank... HP (HPQ) initiated with a Buy at Deutsche Bank... IBM (IBM) initiated with a Hold at Deutsche Bank... NeoPhotonics (NPTN) coverage resumed with a Market Perform at Raymond James... NetApp (NTAP) initiated with a Hold at Deutsche Bank... Nutrisystem (NTRI) initiated with a Buy at B. Riley... Questar (STR) initiated with an Underperform at BofA/Merrill... S&T Bancorp (STBA) initiated with an Outperform at Raymond James... STB Systems Inc (STBI) initiated with an Outperform at Raymond James... Skechers (SKX) initiated with an Underperform at Buckingham... Steven Madden (SHOO) initiated with a Buy at Buckingham... UGI Corporation (UGI) initiated with a Buy at BofA/Merrill... Web.com (WWWW) initiated with a Neutral at Buckingham... Ally Financial (ALLY) initiated with a Buy at BTIG... Visteon (VC) initiated with a Buy at Citigroup... Greatbatch (GB) initiated with a Buy at KeyBanc... Steris (STE) initiated with a Buy at KeyBanc... Cooper Companies (COO) initiated with a Hold at KeyBanc... Hill-Rom (HRC) initiated with a Hold at KeyBanc... Invacare (IVC) initiated with a Hold at KeyBanc... Teleflex (TFX) initiated with a Hold at KeyBanc... Provident Financial (PROV) initiated with a Market Perform at Keefe Bruyette... UMH Properties (UMH) initiated with a Hold at Wunderlich.
08:44 EDTEMCCLSA technology analysts hold an analyst/industry conference call
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06:55 EDTNTAPNetApp initiated with a Hold at Deutsche Bank
Target $36.
06:52 EDTEMCEMC initiated with a Buy at Deutsche Bank
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April 9, 2014
17:49 EDTSYMCImperva plummets after lowering Q1 EPS and revenue outlook
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17:32 EDTSYMCImperva Q1 miss likely to weigh on Security sector, says Wells Fargo
Wells Fargo believes the magnitude of Imperva's (IMPV) Q1 miss will weigh on the Cyber Security industry since expectations for the group were relatively high going into Q1 earnings. Names in the space include Check Point (CHKP), Fortinet (FTNT), FireEye (FEYE), Palo Alto (PANW) and Symantec (SYMC). Wells notes, however, that it sees little direct fundamental implications for other names in the group as Imperva's issues were likely more company specific. Wells has Outperform ratings on Check Point, FireEye, Palo Alto and Fortinet.
April 7, 2014
08:54 EDTNTAPNetApp chairman Dan Warmenhoven to retire, CEO Tom Georgens elected chairman
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