New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 31, 2013
11:05 EDTAAPL, FB, FIOLazard Capital bucks trend with upgrade of Fusion-io
Fusion-io (FIO), which develops flash data storage products, is tumbling after the company last night provided weaker than expected revenue guidance for its third quarter and fiscal year 2013. The huge scale of the transformation to flash storage can create lumpiness in customer deployments from quarter to quarter, Fusion-io explained. The company added that its sales to Apple (AAPL) tumbled 42% in the second quarter compared with the previous quarter. Moreover, Fuison-io stated that its sales to Apple should continue to slow for the next two quarters. Facebook's (FB) spending on Fusion-io's products will also slow over the next two quarters, the company warned. While Fusion-io said it remained upbeat about the outlook for its business, several analysts reacted to the company’s guidance by downgrading the stock. Analysts from JPMorgan, Credit Suisse and Piper Jaffray all downgraded the shares in notes to investors earlier today. On the other hand, Lazard Capital analyst Edward Parker upgraded the shares to Buy from Hold. Fusion-io maintains a significant lead over its competitors, and it still has pricing power, Parker believes. The company's new guidance adequately incorporates lumpiness in its business and the stock's valuation is now reasonable, wrote Parker, who put a $23 price target on the shares. In mid-morning trading, Fusion-io sank $3.04, or 15.12%, to $17.05.
News For FIO;AAPL;FB From The Last 14 Days
Check below for free stories on FIO;AAPL;FB the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | all recent news | >>
August 19, 2014
12:27 EDTAAPLIcahn says 'very sizable' shareholder of Apple, has not sold share
Subscribe for More Information
11:57 EDTAAPLApple shares reach $100, up 84c or 1%
09:38 EDTAAPL, FBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA CELG VLO VZ FB HD
06:32 EDTAAPLMorgan Stanley recommends adding to Apple positions
Subscribe for More Information
August 18, 2014
16:00 EDTAAPLOptions Update; August 18, 2014
Subscribe for More Information
09:35 EDTFB, AAPLActive 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.
08:30 EDTAAPLApple starts production of smartphones with sapphire screens, Guardian says
Subscribe for More Information
07:58 EDTAAPLApple December quarter EPS likely to beat by 10%+, says RBC Capital
Subscribe for More Information
06:47 EDTFBFacebook volatility at low end of historic range
Subscribe for More Information
06:42 EDTAAPLApple may call 5.5-inch iPhone '6L,' 9to5Mac reports
Apple may call its rumored 5.5-inch iPhone model the "6L," 9to5Mac reports, citing Asia-based rumor site Apple Daily. In this scenario, the 4.7-inch iPhone would be called the iPhone 6. Reference Link
05:23 EDTAAPLInvenSense downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded InvenSense (INVN) to Neutral citing valuation with shares near its $25 price target. Goldman also believes the near-term catalyst of share gains at Apple (AAPL) has passed. InvenSense closed Friday down 1c to $24.99.
August 17, 2014
18:38 EDTAAPLToo early to sell Apple, Barron's says
Subscribe for More Information
August 15, 2014
16:00 EDTAAPLOptions Update; August 15, 2014
iPath S&P 500 VIX Short-Term Futures up 1c to 28.88. Option volume leaders: AAPL GILD NFLX PBR TWTR TSLA MNKD AMZN C according to Track Data.
13:35 EDTFBFacebook July metrics remain strong, says JPMorgan
Subscribe for More Information
10:09 EDTAAPLSony expected to debut Smartwatch 3 next month, GigaOM reports
Subscribe for More Information
09:35 EDTAAPLActive equity options trading on open
Subscribe for More Information
08:29 EDTAAPLChina Telecom now hosting Apple iCloud data in China, Marbridge Daily says
Apple (AAPL), which had previously been storing iCloud data for its Chinese users on servers in the U.S., in reportedly using China Telecom (CHA) as its sole cloud storage services provider in China, according to online Chinese media reports, said Marbridge Daily, citing Sina Tech. Apple and China Telecom have not commented, the report noted. Reference Link
07:25 EDTFBFacebook Messenger said to receive harsh criticism, FT reports
Subscribe for More Information
06:00 EDTFBFacebook's Sam Lessin leaving company, Business Insider reports
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use