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Stock Market & Financial Investment News

News Breaks
July 21, 2014
08:35 EDTEMCEMC shares poised to advance, says Cantor
Cantor suggests that EMC's stock is undervalued, and the firm thinks the company's profit cycle bottomed in Q1. The firm expects the company's Q2 EPS to at least meet expectations, and believe that it has a number of potential catalysts in 2H14. Cantor expects the company's Q3 results to beat expectations, and it keeps a Buy rating on the shares.
News For EMC From The Last 14 Days
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July 7, 2015
10:39 EDTEMCEMC looks to sell controlling stake in Syncplicity unit, Bloomberg says
EMC is planning to divest control of its online file-sharing business Syncplicity to Skyview Capital as the company does not see the division as crucial to its core business, says Bloomberg. EMC will continue to hold a minority stake in Syncplicity which competes with cloud startup Box (BOX), added Bloomberg. Reference Link
June 29, 2015
10:02 EDTEMCHP deal for EMC 'more than a distinct possibility,' says Raymond James
Noting that shares of both HP (HPQ) and EMC (EMC) have been stagnant, Raymond James analyst Brian Alexander repeated that he believes shareholders of both would earn substantial returns from a deal between the two and that he thinks an HP acquisition of EMC is "more than a distinct possibility." Alexander previously said in a note to investors on June 4 that he believed HP will ultimately buy EMC, including VMware (VMW). Assuming EMC is acquired for $32-$34 at various combinations of debt/stock, accretion for HP ranges from 39%-52%, Alexander calculates. Raymond James has a Market Perform rating on HP, a Strong Buy rating on EMC and an Outperform rating on VMware.

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