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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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March 3, 2015
07:07 EDTNTAPPacific Crest to hold a summit
10th Annual Emerging Technology Summit is being held in San Francisco on March 3-4.
March 2, 2015
08:30 EDTEMCFBR keeps Outperform on EMC after report says no spin-off
FBR Capital maintains an Outperform rating on shares of EMC (EMC) after Reuters reported Friday that the company's management has deciding against spinning off its stake in VMware (VMW). FBR says that while the news is disappointing, it is not surprising. It also thinks the report could be a near-term positive for VMware, since it could remove the spin-off uncertainty. FBR notes EMC is having an analyst day on March 10.
05:14 EDTBRCDBrocade to acquire Connectem, terms not disclosed
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February 27, 2015
16:29 EDTEMCEMC decides against spinning off stake in VMware, Reuters reports
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15:57 EDTEMCEMC decides against spinning off stake in VMware, Reuters reports
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09:16 EDTEMCEMC to hold a conference call
VP-Product Management Josh Goldstein holds a conference call to discuss EMC XtremIO on February 27 at 1 pm. Webcast Link
February 26, 2015
05:47 EDTEMCAtos and EMC to further strengthen strategic alliance
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February 19, 2015
18:19 EDTBRCDOn The Fly: After Hours Movers
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16:03 EDTBRCDBrocade sees Q2 EPS 19c-21c, consensus 21c
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16:02 EDTBRCDBrocade reports Q1 EPS 27c, consensus 24c
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15:32 EDTBRCDNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Public Storage (PSA), consensus $2.19... Intuit (INTU), consensus (13c)... Consolidated Edison (ED), consensus 55c... Nordstrom (JWN), consensus $1.35... Mohawk Industries (MHK), consensus $2.21... Newmont Mining (NEM), consensus 10c... Frontier Communications (FTR), consensus 5c... Brocade Communications (BRCD), consensus 24c... Bruker (BRKR), consensus 29c... Rovi (ROVI), consensus 41c... Marvell Technology (MRVL), consensus 24c... MRC Global (MRC), consensus 46c... Equinix (EQIX), consensus $1.03.
February 18, 2015
09:45 EDTNTAPNetApp to participate in a conference call with Credit Suisse
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