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Stock Market & Financial Investment News

News Breaks
March 13, 2014
06:15 EDTEMC, ESRX, OMC, CMGOmnicom, Chipotle, EMC sue shareholder activist, WSJ reports
Four firms -- EMC (EMC), Express Scripts (ESRX), Omnicom (OMC) and Chipotle (CMG) -- have sued shareholder activist John Chevedden in recent weeks in a move to block his non-binding proposals from receiving a shareholder vote, the Wall Street Journal reports. Reference Link
News For EMC;ESRX;OMC;CMG From The Last 14 Days
Check below for free stories on EMC;ESRX;OMC;CMG the last two weeks.
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August 26, 2014
12:32 EDTEMCVMware slips after updating 2015 guidance at analyst day
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August 25, 2014
07:32 EDTCMGMcDonald's challenged as younger eaters defect to Chipotle, WSJ says
As McDonald's (MCD) faces a prolonged slump in sales growth, data compiled for The Wall Street Journal by Technomic showed that diners in their 20s and 30s are seeking out fresher, healthier food and defecting to competitors, in particular fast-casual restaurants like Chipotle Mexican Grill (CMG) and higher-end burger chain Five Guys. Reference Link
August 21, 2014
09:03 EDTCMGChipotle Q3 comps accelerating, says Cleveland Research
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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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August 14, 2014
11:45 EDTEMCNetApp rises after earnings beat, Needham upgrade
Shares of storage systems provider NetApp (NTAP) are advancing after the company posted better than expected first quarter results and received positive analyst commentary. WHAT'S NEW: Last night, NetApp reported Q1 adjusted earnings per share of 60c and revenue of $1.49B, beating analysts' consensus estimates of 57c and $1.47B, respectively. Q1 adjusted gross margin was 64.3%. WHAT'S NOTABLE: NetApp forecast second quarter adjusted EPS of 66c-71c and revenue of $1.49B-$1.59B, compared to consensus of 69c and $1.53B, respectively. For fiscal 2015, the company sees EPS growth just under 10% and revenue growth in the mid-single digits. FY15 adjusted gross margin is seen at 63%-64%. On NetApp's Q1 conference call, management said it was seeing a rebound in enterprise spending in the U.S. ANALYST REACTION: This morning, analyst commentary was overwhelmingly positive. Needham upgraded NetApp to Buy from Hold following its strong Q1 report, citing better enterprise spending. Their price target was $49. Two firms, Piper Jaffray and Brean Capital, raised their respective price targets on NetApp and Pacific Crest said NetApp is "'undervalued and underappreciated," noting that the company's Q1 results included 13% earnings growth year-over-year. PRICE ACTION: In late morning trading, NetApp rose $1.47, or 3.7%, to $40.77 on heavy trading volume. Despite today's advance, the stock is down approximately 4% over the past 12 months. OTHERS TO WATCH: Other companies in the storage space include: EMC (EMC), Dot Hill Systems (HILL) and Nimble Storage (NMBL).
11:36 EDTEMCEMC executive say 'Virtual Isilon' coming, IT Wire reports
EMC's Isilon storage product has proved popular in Australia with customers that need large amounts of storage and EMC CTO John Roese told a customer event in Melbourne this month that "Virtual Isilon" is coming this year, reported IT Wire. Reference Link

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