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Stock Market & Financial Investment News

News Breaks
July 15, 2014
08:37 EDTNTAP, EQIXEquinix and NetApp expand cloud partnership
Equinix (EQIX), and NetApp (NTAP) announced that they are expanding their cloud partnership. The two companies now provide an expanded offering of private storage solutions for the public cloud including NetApp Private Storage for Microsoft Azure, through the Equinix Cloud Exchange, which makes connecting to the cloud simple and convenient.
News For EQIX;NTAP From The Last 14 Days
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May 21, 2015
07:49 EDTNTAPNetApp downgraded to Hold from Buy at Needham
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06:59 EDTNTAPNetApp downgraded to Hold from Buy at Summit Research
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06:36 EDTNTAPNetApp downgraded to Hold from Buy at Cantor
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06:33 EDTNTAPNetApp downgraded to Underweight from Neutral at JPMorgan
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06:29 EDTEQIXEquinix downgraded to Hold from Buy at Stifel
Stifel downgraded Equinix to Hold based on valuation and lack of catalysts.
May 20, 2015
20:01 EDTNTAPNetApp expects to terminate 500 employees, sees $25M-$35M charge
In a regulatory filing earlier, NetApp reported that on May 19, the company committed to a "realignment." The company expects that the realignment will be implemented through the end of 3Q16. As part of the realignment, NetApp expects to reduce worldwide headcount by approximately 500 employees. The company expects to incur aggregate charges of approximately $25M-$35M for employee terminations and other costs associated with the realignment. NetApp expects that most of these charges will be cash expenditures. The company expects to recognize the majority of these charges 1Q16.
19:02 EDTNTAPOn The Fly: After Hours Movers
UP AFTER EARNINGS: salesforce.com (CRM), up 6.6%... Williams-Sonoma (WSM), up 4%. ALSO HIGHER: CTPartners (CTP), up 42% after agreeing to exclusive negotiations to be acquired by DHR International. DOWN AFTER EARNINGS: Xunlei (XNET), down 14.9%... NetApp (NTAP), down 8%... Open Text (OTEX), down 7.7%.... Rexnord (RXN), down 7.1%... Synopsys (SNPS), down 1.5%... Youku Tudou (YOKU), down 1.2%. ALSO LOWER: Wave Systems (WAVX), down 8.5% after filing to sell Class A common stock and warrants... OXiGENE (OXGN), down 5.1% after filing mixed securities shelf.
17:50 EDTNTAPNetApp management sees return to growth trajectory in second half of FY16
Management sees a year of strong cash flow generation. OEM revenue ended at less than 10% of FY15 net revenues and normalized to a level of revenue that the company will no longer discuss separately. Management stated that the company is well positioned for the era of cloud computing. Management stated that the company expects to reduce its share count by another 5%. Management stated that it sees operating margins back in range in second half. Comments made during Q4 earnings conference call.
16:20 EDTNTAPNetApp raises quarterly dividend by 9% to 18c per share
NetApp increased the 1Q16 dividend by 9% to 18c per share. The dividend will be paid on July 23, to shareholders of record as of the close of business on July 10.
16:13 EDTNTAPNetApp down 6.3% after reporting Q4 results
16:11 EDTNTAPNetApp sees Q1 EPS 20c-25c, may not compare to consensus 60c
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16:09 EDTNTAPNetApp reports Q4 EPS 65c, consensus 72c
Reports Q4 revenue $1.54B, consensus $1.59B.
15:00 EDTNTAPNotable companies reporting after market close
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14:08 EDTNTAPNetApp technical comments ahead of earnings
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13:37 EDTNTAPEarnings Watch: Analysts concerned with competition hurting NetApp results
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08:04 EDTEQIXEquinix receives favorable REIT private letter ruling from IRS
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May 19, 2015
15:38 EDTNTAPNetApp May volatility elevated into Q4 and outlook
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07:41 EDTNTAPNetApp May volatility elevated into Q4 and outlook
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May 15, 2015
17:15 EDTEQIXPaulson & Co. gives quarterly update on stakes
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May 14, 2015
06:24 EDTNTAPCiti expects 'lukewarm' Q4 results from NetApp
Citigroup expects NetApp to report "lukewarm" Q4 results on Wednesday amid "soft" underlying storage demand and "modest" currency pressure. The company's sales and earnings are likely to be in-line to a slight miss relative to consensus, Citi believes. The firm says that while the stock's valuation "looks interesting," it keeps a Neutral rating on the name with a $39 price target.
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