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Stock Market & Financial Investment News

News Breaks
January 8, 2013
10:36 EDTBRCD, EMC, STEC, NTAPEMC weakens after analyst downgrades stock
IT infrastructure provider EMC (EMC) is falling after William Blair analyst Jason Ader downgraded the stock to Market Perform from Outperform in a note to investors earlier today. Last quarter, EMC had difficulty closing deals with large corporate customers, according to the analyst. As a result, the company's fourth quarter results are likely to be in-line with or below analysts' expectations, while its 2013 guidance is likely to be below the Street's outlook, wrote Ader. New data storage technologies are emerging, creating increased competition for companies that develop storage solutions, including EMC, Ader believes. The enhanced efficiency of some of these technologies is pressuring incumbent vendors, while the growth in spending on storage solutions has slowed significantly, the analyst wrote. In mid-morning trading, EMC fell 41c, or 1.70%, to $23.72. Other companies that develop storage solutions also dropped, with NetApp (NTAP) losing 2.74% to $32.33, Brocade (BRCD) giving back 1.45% to $5.42, and STEC (STEC) declining 1.80% to $4.92.
News For EMC;NTAP;STEC;BRCD From The Last 14 Days
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April 17, 2015
13:31 EDTNTAP, EMCSymantec approached NetApp, EMC about potential Veritas sale, Bloomberg says
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10:00 EDTEMCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: CECO Environmental (CECE) upgraded on several positive catalysts at Roth Capital... EMC (EMC) upgraded to Outperform from Market Perform at Bernstein... Fleetmatics (FLTX) upgraded to Overweight from Neutral at Piper Jaffray... NorthStar Asset Management (NSAM) upgraded to Buy from Hold at MLV & Co.... Penn National (PENN) upgraded to Overweight from Neutral at JPMorgan... Rosetta Genomics (ROSG) upgraded to Buy from Hold at Cantor... Ulta Salon (ULTA) upgraded to Buy from Neutral at Nomura... Xcel Energy (XEL) upgraded to Buy from Hold at Argus.
06:06 EDTEMCEMC upgraded to Outperform from Market Perform at Bernstein
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April 15, 2015
05:24 EDTBRCDBrocade to invest $300M in India over next five years
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April 14, 2015
17:34 EDTEMCGuidance Software appoints Patrick Dennis as CEO
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10:16 EDTNTAPHigh option volume stocks
High option volume stocks: NSAM ALU CJES BIG CMRX ERIC NTAP TMO KN CIG
10:01 EDTBRCDOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AB InBev (BUD) initiated with a Neutral at Susquehanna... AMC Networks (AMCX) initiated with an Overweight at Piper Jaffray... Avery Dennison (AVY) initiated with a Hold at BB&T... Boston Beer (SAM) initiated with a Neutral at Susquehanna... Brocade (BRCD) initiated with a Neutral at Wedbush... Bunge (BG) initiated with an Overweight at Stephens... CIRCOR (CIR) initiated with a Speculative Buy at Global Hunter... Cabot Microelectronics (CCMP) initiated with a Buy at BB&T... Canadian Natural (CNQ) initiated with a Buy at GMP Securities... Cenovus Energy (CVE) initiated with a Hold at GMP Securities... China Distance Education (DL) initiated with a Buy at Brean Capital... Coca-Cola Enterprises (CCE) initiated with a Negative at Susquehanna... Coca-Cola (KO) initiated with a Negative at Susquehanna... Constellation Brands (STZ) initiated with a Neutral at Susquehanna... Discover (DFS) initiated with an Outperform at Wells Fargo... Dr Pepper Snapple (DPS) initiated with a Neutral at Susquehanna... Flex Pharma (FLKS) initiated with a Buy at H.C. Wainwright... Flowserve (FLS) initiated with a Neutral at Global Hunter... Goldman Sachs BDC (GSBD) initiated with a Neutral at BofA/Merrill... ITT Corp. (ITT) initiated with an Accumulate at Global Hunter... Intra-Cellular (ITCI) initiated with an Outperform at RBC Capital... Keurig Green Mountain (GMCR) initiated with a Positive at Susquehanna... Microsemi (MSCC) initiated with a Buy at Topeka... Molson Coors (TAP) initiated with a Positive at Susquehanna... Monster Beverage (MNST) initiated with a Neutral at Susquehanna... New Oriental Education (EDU) initiated with a Hold at Brean Capital... OM Group (OMG) initiated with a Buy at BB&T... Pattern Energy (PEGI) initiated with a Buy at Citigroup... Pentair (PNR) initiated with a Neutral at Global Hunter... PepsiCo (PEP) initiated with a Positive at Susquehanna... Ply Gem (PGEM) initiated with an Overweight at KeyBanc... SodaStream (SODA) initiated with a Positive at Susquehanna... Splunk (SPLK) initiated with an Outperform at Baird... SteadyMed (STDY) initiated with an Outperform at JMP Securities... Suncor (SU) initiated with a Hold at GMP Securities... SuperCom (SPCB) initiated with a Buy at B. Riley... TAL Education (XRS) initiated with a Buy at Brean Capital... Tarena (TEDU) initiated with a Buy at Brean Capital... Ulta Salon (ULTA) initiated with a Buy at Evercore ISI... Versartis (VSAR) initiated with a Buy, $50 target at SunTrust... WisdomTree (WETF) initiated with a Market Perform at Keefe Bruyette... uniQure (QURE) initiated with a Buy at Roth Capital.
April 13, 2015
16:09 EDTBRCDBrocade initiated with a Neutral at Wedbush
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07:08 EDTNTAP, EMCSources: Symantec exploring Veritas sale 'for months,' Reuters reports
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April 9, 2015
10:00 EDTEMCOn The Fly: Analyst Downgrade Summary
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08:27 EDTEMCEMC downgraded at FBN Securities
As previously reported, FBN Securities downgraded EMC to Sector Perform from Outperform, stating that its Q1 storage checks were surprisingly weak. The firm said feedback provided for the negative data points included storage bit demand growth being hurt by cloud movement and data duplication and compression; reports of increased allocation by IT managers towards security; and negative notes about the competitive environment. The firm believes EMC's annual guidance was already aggressive and the FX impact will be worse than guided in the January outlook. FBN Securities lowered EMC's price target to $27 from $30.
08:02 EDTEMCEMC downgraded to Sector Perform from Outperform at FBN Securities
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April 8, 2015
16:47 EDTBRCDBrocade discloses stock plan amended to raise share reserve by 29.5M shares
Brocade disclosed in a regulatory filing that on April 7, the stockholders of Brocade approved an amendment and restatement of the companyís 2009 Stock Plan to increase the Stock Planís share reserve by 29.5M shares and change the fungible ratio at which certain awards without an exercise price are deducted from and returned to the Stock Plan.
10:16 EDTEMCEMC calls active amid speculation of an activist investor stake
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10:10 EDTEMCRumor: EMC moves up amid speculation of an activist investor stake
April 7, 2015
16:55 EDTNTAP, EMCXerox upgraded to Buy ahead of Q1 results at Citigroup
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