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Stock Market & Financial Investment News

News Breaks
January 15, 2013
14:56 EDTYELP, FB, LNKD, MSFT, IACI, GOOGFacebook trading lower after event introducing 'Graph Search'
Shares of Facebook (FB), which had been higher throughout the morning, are lower in mid-afternoon trading following the company's event to introduce its new "Graph Search" social search engine. During the event, Facebook demonstrated new social search features planned for its site, which are currently in beta testing and available in limited release, and made clear how the graph search differs in many ways from traditional web search as delivered by Google (GOOG) and others. Facebook did, however, announce that it has partnered with Microsoft's (MSFT) Bing to integrate web searches where appropriate to supplement graph searching. Facebook illustrated ways that the new product could be used to provide user specific answers to challenges like finding restaurants, potential job applicants and prospective dates. Shares of several companies that potentially could be impacted by those features were volatile and moved lower during the event, including Yelp (YELP), LinkedIn (LNKD) and IAC/InterActive (IACI), the owner of Match.com and other dating properties. Following the event, Facebook's stock is down 0.83, or 2.67%, to $30.06, Google is up 50c to $723.75, and Microsoft is up 23c to $27.11. LinkedIn has recovered, and is now up 44c, or 0.4%, to $117.98, while Yelp remains down 1.62, or 7.5%, to $20.31, and IAC/InterActive is down 95c, or 2.2%, to $42.45.
News For FB;GOOG;MSFT;YELP;IACI;LNKD From The Last 14 Days
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January 27, 2016
16:10 EDTFBFacebook rallies 5% to $99.60 following Q4 earnings beat
16:09 EDTFBFacebook says Mobile ad revenue made up 80% of ad revenue in Q4
Facebook said Mobile advertising revenue represented approximately 80% of advertising revenue for Q4, up from 69% of advertising revenue in Q4 of 2014. Capital expenditures for Q4 were $692M. Cash and cash equivalents and marketable securities were $18.43B at the end of Q4. Free cash flow for Q4 was $2.14B.
16:08 EDTFBFacebook reports monthly active users up 14% year-over-year
Facebook reports Daily active users were 1.04B on average for December 2015, an increase of 17% year-over-year. Reports Mobile DAUs were 934M on average for December 2015, an increase of 25% year-over-year. Reports Monthly active users were 1.59B as of December 31, 2015, an increase of 14% year-over-year. Reports Mobile MAUs were 1.44B as of December 31, 2015, an increase of 21% year-over-year
16:06 EDTFBFacebook reports Q4 EPS 79c, consensus 68c
Reports Q4 revenue $5.84B, consensus $5.37B.
16:01 EDTFBOptions Update; January 28, 2016
iPath S&P 500 VIX Short-Term Futures up 1.02 to 26.01. Option volume leaders: AAPL FB BAC NFLX FCX BABA AA X VZ BA T
14:34 EDTFBNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Facebook (FB), consensus 68c... Qualcomm (QCOM), consensus 90c... Texas Instruments (TXN), consensus 69c... McKesson (MCK), consensus $3.13... PayPal (PYPL), consensus 35c... Las Vegas Sands (LVS), consensus 65c... eBay (EBAY), consensus 50c... Crown Castle (CCI), consensus $1.10... Vertex (VRTX), consensus 17c... Discover (DFS), consensus $1.30... SanDisk (SNDK), consensus 89c... ServiceNow (NOW), consensus 8c... Lam Research (LRCX), consensus $1.43... Citrix Systems (CTXS), consensus $1.19... Hologic (HOLX), consensus 42c... Juniper (JNPR), consensus 59c... Cavium (CAVM), consensus 28c... Cirrus Logic (CRUS), consensus 81c.
14:08 EDTFBFacebook January weekly 97 straddle priced for 6.2% movement into Q4
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14:06 EDTFBFacebook January weekly volatility increases into Q4 and outlook
Facebook January weekly call option implied volatility is at 99, February is at 42, March is at 40; compared to its 52-week range of 20 to 54, suggesting large near term price movement into the expected release of Q4 results today after the market close.
13:47 EDTMSFTVMware tanks after providing lower guidance amid Cloud transition
Shares of virtualization software maker VMware (VMW) are falling after providing guidance, confirming layoffs and announcing executive changes. WHAT'S NEW: After the close of trading on Tuesday, the software company that is 80% owned by EMC (EMC) and provides software for corporate data centers, announced fourth quarter financial results while confirming earlier reports of layoffs and announcing a new chief financial officer. VMware, along with parent company EMC, is in the midst of a proposed acquisition by Dell. The company's Q4 earnings per share and revenue came in at $1.26 and $1.87B, respectively, slightly better than analysts were expecting; however, the company's view for fiscal year 2016 EPS and revenue of $4.07-$4.16 and $6.8B-$6.9B, respectively, were well below the $4.20 and $7.21B analysts are expecting. VMware also guided first quarter EPS to 83c-85c, also below analysts' 92c consensus. Along with its results, the company confirmed earlier reports that it intended to reduce its workforce by 800 and plans to take a charge of between $55M-$65M related to this action over the course of the first half of 2016. The company also announced that its CFO Jonathan Chadwick is leaving and will be replaced by EMC CFO Zane Rowe. WHAT'S NOTABLE: On its quarterly conference call discussing its earnings, VMware company referred to its growth in "emerging" products and businesses including NSX and User Computing and Virtual SAN, all of which grew strongly over the quarter. The company said it hopes its newer products are picking up the slack due to the declining growth in its mature "compute products." Pat Gelsinger, VMware's chief executive officer, "We recognize that our blockbuster compute products are reaching maturity and will represent a decreasing portion of our business going forward." The company is upgrading its Cloud strategy to better compete with leaders like Amazon (AMZN) and Microsoft (MSFT), which provide Cloud services via the internet and make the corporate data center that VMware focuses on less necessary. ANALYSTS' VIEWS: Summit Research analyst Srini Nandury downgraded VMware to Hold and lowered his price target for the shares to $40 from $80 following the company's quarterly results. The company's business will get worse before it gets better, Nandury told investors in a research note. Another downgrade came from research firm Baird's analyst Jayson Noland, who cut his rating on VMware to Neutral and lowered his price target to $60 from $80. Noland said the core vSphere business is facing incremental public cloud headwinds and substantial uncertainty related to the Class V common stock being issued to finance the EMC acquisition. Providing a more constructive view was UBS who said the current valuation levels of VMware offer a significant opportunity for patient investors. The firm noted the company will temper spending and focus on leveraging public clouds, which should provide a tailwind to both capital and operating expenditures. UBS reiterated its Buy rating and $72 price target on VMware. PRICE ACTION: Shares of VMware are down approximately 40% since the Dell-EMC deal was announced last October and are down over 9% to $44.84 in afternoon trading. OTHERS TO WATCH. Other companies in the cloud computing space include Amazon, Microsoft and Citrix Systems (CTXS).
12:36 EDTFBEarnings Watch: Analysts expect Facebook to report strong Q4 results
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12:02 EDTMSFTBox, Microsoft expand alliance to deliver better cloud experiences
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10:07 EDTMSFTMicrosoft announces launch of News Pro app
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09:32 EDTGOOG, FBActive equity options trading on open
Active equity options trading on open: AAPL FB AMZN AAL BAC PCLN NFLX MRK GOOG
09:29 EDTFBFacebook data center project supported by telco heavyweights, FT reports
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07:59 EDTMSFTMicrosoft volatility elevated into Q2 and outlook
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06:59 EDTFBOptions expected to be active: AAPL FB AMZN BIIB GD HES TXT BA UTX X T
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06:38 EDTGOOGGoogle files patent for secure delivery component for drones, Reuters says
Alphabet's Google has filed a patent for a drone component designed to store packages securely, Reuters reports. The patent describes a "delivery receptacle" that will take packages from an "aerial delivery device" for deposit to a secure area, the report says. Reference Link
06:32 EDTFBFacebook volatility increases into Q4 and outlook
Facebook January weekly call option implied volatility is at 94, February is at 46, March is at 40; compared to its 52-week range of 20 to 54, suggesting large near term price movement into the expected release of Q4 results today after the market close.
06:14 EDTGOOGFCC proposes set-top box rule revamp, WSJ reports
Federal regulators are anticipated to propose an overhaul of rules for television set-top boxes, a move that targets reducing bills for cable viewers and giving more access to web-based programming, the Wall Street Journal reports. FCC chairman Tom Wheeler's proposal would likely include providing cable and satellite customers more options when it comes to using their service provider's set-top box and cable app, the report says. Such a move could open up the market to alternative set-top-box providers, including TiVo (TIVO) and Alphabet's (GOOG) Google, the report notes. Reference Link
05:44 EDTFBTwitter's Kevin Weil to be named Head of Product at Instagram, Re/code reports
Twitter's (TWTR) former VP of product Kevin Weil is expected to be named Head of Product at Instagram, which is owned by Facebook (FB), Re/code reports, citing multiple sources. According to the sources, Weil was recruited by Instagram "for months" before announcing that he would exit Twitter late Sunday night. Reference Link
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