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Stock Market & Financial Investment News

News Breaks
January 8, 2013
10:36 EDTEMC, NTAP, STEC, BRCDEMC 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
Check below for free stories on EMC;NTAP;STEC;BRCD the last two weeks.
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September 2, 2014
11:21 EDTNTAPNetApp says driving organic growth is priority for use of capital
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August 26, 2014
15:04 EDTNTAPNetApp extends alliance with VMware on cloud computing
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12:32 EDTEMCVMware slips after updating 2015 guidance at analyst day
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11:12 EDTBRCDHigh option volume stocks
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August 22, 2014
06:20 EDTBRCDOptions expected to be active
Options expected to be active: GME ARO CRM INTU TFM MRVL ROST BRCD
August 21, 2014
16:14 EDTBRCDBrocade initiates quarterly dividend of 3.5c per share
Brocade's board declared a quarterly cash dividend of 3.5c per share of the company’s common stock. The dividend payment will be made on October 2, to stockholders of record at the close of market on September 10. The company said, "As a result of our positive operating performance, we generated strong cash flow in the quarter and made good progress in returning cash to our shareholders. We paid the company’s first dividend and repurchased nearly 13 million shares of common stock. Through the first three quarters of FY14 we have returned more than 80% of adjusted free cash flow to shareholders."
16:06 EDTBRCDBrocade sees Q4 EPS 21c-23c, consensus 22c
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16:04 EDTBRCDBrocade reports Q3 EPS 23c, consensus 19c
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15:15 EDTBRCDNotable companies reporting after market close
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August 20, 2014
10:18 EDTBRCDBrocade volatility increases into Q3 and outlook
Brocade September call option implied volatility is at 34, October is at 30, January is at 29; compared to its 26-week average of 32 according to Track Data, suggesting non-directional price movement into the expected release of Q3 results on August 21.
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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