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Stock Market & Financial Investment News

News Breaks
January 8, 2013
10:36 EDTSTEC, NTAP, BRCD, EMCEMC 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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November 26, 2014
08:15 EDTNTAPDot Hill Systems initiated with a Buy at Maxim
Maxim says its analysis of Dot Hill Systems' (HILL) intellectual property indicates the company is unlikely to lose its business with HP (HPQ). The firm adds that Dot Hill management believes NetApp's (NTAP) slow exit from Engenio's OEM business brings at least a $200M incremental revenue and $40M operating profit opportunity. Maxim started shares of Dot Hill Systems with a Buy rating and $7 price target.
November 25, 2014
12:35 EDTEMCEarnings Preview: Analysts take positive view of HP after split plan
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10:00 EDTBRCDOn The Fly: Analyst Downgrade Summary
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09:38 EDTNTAPNetApp participates in a conference call with Goldman Sachs
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09:20 EDTBRCDOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Signet Jewelers (SIG), up 2.6%... Tiffany (TIF), up 4.8%... Nuance Communications (NUAN), up 5.1%... Brown Shoe (BWS), up 6.6%... Cracker Barrel (CBRL), up 3.1%... Qihoo 360 (QIHU), up 5.8%... DSW (DSW), up 7.3%. ALSO HIGHER: SinoCoking Coal (SCOK), up 27.9% after aboveground facility operating at 100% capacity. DOWN AFTER EARNINGS: Xcerra (XCRA), down 7.4%... Workday (WDAY), down 8.4%... Brocade (BRCD), down 3.8%... Post (POST), down 7.5%. ALSO LOWER: Wet Seal (WTSL), down 15.8% after announcing that it has not set a timetable for review of strategic and financial alternatives... Medgenics (MDGN), down 11.1% after 5.125M share Spot Secondary priced at $4.10... Pandora (P), down 3.7% after being downgraded to Underperform from Market Perform at FBR Capital... Cyberark Software (CYBR), down 3.7% after receiving multiple downgrades.
07:53 EDTBRCDBrocade price target raised to $16 following Q4 beat at Craig-Hallum
Craig-Hallum raised Brocasde's price target to $16 from $14 following the Q4 beat. The analyst said Brocade continues to gain share in the SAN market, traction in the SSD storage, and emerging markets. The firm rates shares a Buy.
06:22 EDTBRCDBrocade downgraded to Hold from Buy at Wunderlich
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November 24, 2014
18:17 EDTBRCDOn The Fly: After Hours Movers
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16:09 EDTBRCDBrocade sees Q1 EPS 23c-25c, consensus 24c
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16:07 EDTBRCDBrocade reports Q4 EPS 24c, consensus 23c
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15:20 EDTBRCDNotable companies reporting after market close
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November 21, 2014
10:01 EDTEMCOn The Fly: Analyst Initiation Summary
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07:25 EDTEMCEMC reinstated with a Buy at BofA/Merrill
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November 20, 2014
13:41 EDTBRCDBrocade December volatility elevated into Q3 and outlook
Brocade December call option implied volatility is at 36, January is at 30, March is at 28; compared to its 26-week average of 33 according to Track Data, suggesting large near term price movement into the expected release of Q3 on November 24.
07:23 EDTEMCBoston Security Analysts Society to hold a conference
Sustainable Investing: Taking the Long View is being held in Boston on November 20.
November 17, 2014
06:02 EDTEMCStocks with implied volatility movement; WFT EMC
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November 14, 2014
13:55 EDTEMCEMC volatility elevated as shares near 13-year high
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November 13, 2014
10:01 EDTEMCOn The Fly: Analyst Initiation Summary
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08:14 EDTEMCEMC initiated with a Hold at Maxim
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07:36 EDTNTAPNetApp price target raised to $47 from $45 at Brean Capital
Brean Capital raised its price target on NetApp to $47 from $45 following its Q2 results. The firm feels the company's balance sheet and free cash flow generation will underpin a capital return program. Brean Capital reiterates its Buy rating on NetApp shares.

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