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Stock Market & Financial Investment News

News Breaks
August 5, 2014
08:47 EDTSTX, NTAP, DTLK, NMBL, EMC, WDC, CVLTIT storage sector looks set to rebound in 2H14, says Pacific Crest
Pacific Crest believes that positive supply chain commentary from a number of companies including Seagate (STX), Datalink (DTLK) and Western Digital (WDC), along with positive results from the firm's CIO survey, suggest that the storage sector will recover in the second half of 2014. The firm remains upbeat on EMC but sees more upside in NetApp (NTAP), CommVault (CVLT), and Nimble Storage (NMBL). The firm keeps Outperform ratings on EMC, NetApp, CommVault, and Nimble Storage.
News For EMC;NTAP;CVLT;NMBL;STX;WDC;DTLK From The Last 14 Days
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March 31, 2015
07:46 EDTNMBLNimble Storage top-line growth may exceed expectations, says UBS
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07:19 EDTSTX, WDCWestern Digital Seagate estimates lowered below consensus at Stifel
Stifel lowered its Q3 and Q4 estimates for Western Digital (WDC) and Seagate (STX) below consensus levels to reflect weaker than expected HDD demand for Q3 and the firm's belief that trends will be flattish into Q4. The firm keeps a Buy rating on Western Digital ,citing what it sees as the company's positive enterprise portfolio positioning, its ability to leverage a more variable costs model, and its positive free cash flow outlook. It keeps a Hold rating on Seagate.
06:32 EDTEMCBrocade upgraded to Market Perform from Underperform at William Blair
William Blair upgraded Brocade (BRCD) to Market Perform saying the growing tension between EMC (EMC) and Cisco (CSCO) will lead to the company gaining share in Fibre Channel switching.
March 30, 2015
13:06 EDTNTAP, NMBLNimble Storage announces settlement with NetApp
Nimble Storage (NMBL) announced that it has entered into a written settlement agreement with NetApp (NTAP), effective March 16, that resolves all remaining claims in the parties' outstanding litigation matters. Beginning in October 2013, NetApp initiated litigation against Nimble. The first was a lawsuit in U.S. District Court for the Northern District of California, alleging violations of the federal Computer Fraud and Abuse Act, trade secret misappropriation, and unfair competition, among other claims. The second was a lawsuit filed in May 2014 in the Superior Court of California, County of Santa Clara alleging similar claims, including trade secret and breach of contract. The terms of the settlement are confidential and are not material to Nimble's financial statements. Both cases were formally dismissed with prejudice by the U.S. District Court, Northern District of California and Santa Clara County Superior Court on March 23.
06:41 EDTNMBLNimble trades near IPO price despite better position, says Piper Jaffray
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March 27, 2015
10:03 EDTEMCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AEGON (AEG) downgraded to Neutral from Buy at Goldman... Alkermes (ALKS) downgraded to Neutral from Buy at Citigroup... American Eagle (AEO) downgraded to Sell from Neutral at Goldman... ArcelorMittal (MT) downgraded to Sell from Neutral at Citigroup... Black Diamond (BDE) downgraded to Sell from Hold at Feltl... Diodes (DIOD) downgraded to Outperform from Strong Buy at Raymond James... EMC (EMC) downgraded at Pacific Crest... Epizyme (EPZM) downgraded to Neutral from Buy at Citigroup... FutureFuel (FF) downgraded Neutral at Roth Capital... GameStop (GME) downgraded to Neutral from Buy at B. Riley... MSC Industrial (MSM) downgraded to Neutral from Outperform at RW Baird... Pioneer Energy (PES) downgraded to Hold from Buy at Deutsche Bank... Power Integrations (POWI) downgraded to Market Perform at Raymond James... Precision Drilling (PDS) downgraded to Hold from Buy at Deutsche Bank... SanDisk (SNDK) downgraded to Hold from Buy at Evercore ISI... Semtech (SMTC) downgraded to Outperform from Strong Buy at Raymond James... Swiss Re (SSREY) downgraded to Hold from Buy at Jefferies... Vantiv (VNTV) downgraded at SunTrust... Vivendi (VIVHY) downgraded to Underperform from Outperform at Exane BNP Paribas... WESCO (WCC) downgraded to Neutral from Outperform at RW Baird... World Acceptance (WRLD) downgraded to Underperform from Neutral at Macquarie... Zurich Insurance (ZURVY) downgraded to Neutral from Buy at Goldman.
08:03 EDTEMCEMC downgraded at Pacific Crest
As noted earlier, Pacific Crest downgraded EMC to Sector Perform from Outperform. As reasons for the downgrade, the firm cited checks indicating weak Q1 enterprise storage demand, the company's desire to consolidate which could increase near-term execution risks, margin risks due to aggressive pricing, and changes in technology with which the company may not be able to cope.
05:56 EDTEMCEMC downgraded to Sector Perform from Outperform at Pacific Crest
March 25, 2015
08:54 EDTNTAP, EMCNetApp Arista among potential takeover targets for EMC, says RBC Capital
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March 23, 2015
15:36 EDTEMCEMC announces the Federation Business Data Lake.
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10:00 EDTNTAP, EMCOn The Fly: Analyst Downgrade Summary
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08:03 EDTSTXSeagate Q2 visibility remains limited, says BofA/Merrill
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06:40 EDTNMBL, NTAP, EMCEMC downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded EMC (EMC) to Neutral to Neutral saying the company is facing increasing pressure from next-gen storage vendors and public cloud providers. Piper notes that it continues to hear Pure Storage and other vendors such as Nimble Storage (NMBL) are making inroads into the installed base of EMC. It cut its price target for shares to $27 from $30. The firm also downgraded NetApp (NTAP) to Neutral this morning for similar reasons, but says EMC has a more defensible position than NetApp.
06:37 EDTNTAP, NMBLNetApp downgraded to Neutral from Overweight at Piper Jaffray
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March 22, 2015
17:01 EDTWDCWestern Digital, PACCAR, two others look discounted, Barron's says
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March 19, 2015
09:16 EDTSTXPope Resources appoints John Lamb to VP and CFO effective April 20
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March 18, 2015
07:49 EDTEMCSenate Judiciary Committee to hold a hearing
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March 17, 2015
08:06 EDTSTXSeagate decline overdone, says RBC Capital
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08:04 EDTWDCWestern Digital decline overdone, says RBC Capital
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