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Stock Market & Financial Investment News

News Breaks
June 19, 2014
07:09 EDTFB, CSCOFacebook introduces Wedge, FBOSS
Facebook posted on its engineering blog that "Over the last three years, we’ve been working within the Open Compute Project to apply this principle to open designs for racks, servers, storage boxes, and motherboards. And last year, we kicked off a new networking project within OCP, with a goal of developing designs for OS-agnostic top-of-rack switches. This was the first step toward disaggregating the network – separating hardware from software, so we can spur the development of more choices for each – and our progress so far has exceeded our expectations... Today we’re pleased to unveil the next step: a new top-of-rack network switch, code-named 'Wedge,' and a new Linux-based operating system for that switch, code-named 'FBOSS.' These projects break down the hardware and software components of the network stack even further, to provide a new level of visibility, automation, and control in the operation of the network. By combining the hardware and software modules together in new ways, 'Wedge' and 'FBOSS' depart from current networking design paradigms to leverage our experience in operating hundreds of thousands of servers in our data centers. In other words, our goal with these projects was to make our network look, feel, and operate more like the OCP servers we've already deployed, both in terms of hardware and software." Reference Link
News For FB;CSCO From The Last 14 Days
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August 27, 2014
10:02 EDTFBActive equity options trading on open
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09:53 EDTFBOn The Fly: Analyst Downgrade Summary
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08:48 EDTCSCOAruba Networks upgraded to Overweight at Stephens
As previously reported, Stephens upgraded Aruba Networks (ARUN) to Overweight from Equal Weight and raised its price target on the stock to $25 from $22, citing the company's strong Q4 results and the firm's belief that Cisco (CSCO) has become increasingly less competitive over the last several quarters.
07:53 EDTFBFacebook LiveRail buy could set up competition with Google, says William Blair
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06:36 EDTFBNordstrom, Target launching Instagram platform, CNBC says
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06:07 EDTFBFacebook downgraded to Neutral from Buy at Janney Capital
Janney Capital downgraded Facebook to Neutral based on valuation and sees headwinds in 2015 from a deceleration in top-line growth, engagement, and monthly active users. Price target remains $82.50.
06:04 EDTFBSnapchat's valuation hits $10B, WSJ reports
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05:54 EDTFBFacebook says did not acquire WaveGroup Sound, VentureBeat reports
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August 26, 2014
11:55 EDTFBInstagram announces Hyperlapse from Instagram app
Instagram announced on its blog Hyperlapse from Instagram, "a new app to capture high-quality time lapse videos even while in motion. Traditionally, time lapse videos depend on holding your phone or camera still while you film. Hyperlapse from Instagram features built-in stabilization technology that lets you create moving, handheld time lapses that result in a cinematic look, quality and feel—a feat that has previously only been possible with expensive equipment." Reference Link
09:35 EDTFBActive equity options trading on open
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August 25, 2014
13:06 EDTFBWhatsApp grows to 600M monthly active users
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August 21, 2014
12:59 EDTFBPrivacy lawsuit against Facebook draws support from 60,000 users, Reuters says
A class action lawsuit against Facebook Ireland, the division that runs the company's international business activities, has received support from more than 60,000 users and passed its first legal review, Reuters reports, citing the creator of the lawsuit, Australian law student Max Schrems. The lawsuit claims damages of $663 per Facebook user for alleged privacy violations. The Vienna Regional Court has ordered Facebook Ireland to respond to the claims made by the lawsuit within four weeks, Schrems added. Reference Link
August 20, 2014
09:36 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FOLD TSLA TWTR WHX FB TM NFLX X EOG
06:26 EDTCSCOCisco COO says annual layoffs 'wrong way to do it,' Business Insider reports
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August 19, 2014
11:05 EDTCSCOImperva seen as takeover candidate under new CEO
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09:38 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA CELG VLO VZ FB HD
08:42 EDTCSCOImperva new CEO has history of selling companies, says Sterne Agee
After Imperva (IMPV) appointed Anthony Bettencourt as its new CEO, Sterne Agee says that he has a history of selling companies. The firm believes that Imperva "would likely be an acquisition candidate" for a number of large tech companies such as Cisco (CSC), Juniper (JNPR), HP (HPQ), IBM (IBM), Check Point (CHKP), or F5 (FFIV). Sterne Agee believes that Imperva could be acquired for as much as $45 per share, and it keeps a Buy rating on the stock.
August 18, 2014
09:35 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN DG TSLA GILD FB ABX WFC C
09:20 EDTFBFacebook Q3 North American revenue tracking slightly above, says ITG Research
ITG Research said Facebook's Q3 North American revenue is tracking to $1.45B vs. consensus of $1.4B.
06:47 EDTFBFacebook volatility at low end of historic range
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