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Stock Market & Financial Investment News

News Breaks
March 17, 2014
10:03 EDTGFED, RPXC, WYY, VMW, IBP, NMBL, RNGOn The Fly: Analyst Initiation Summary
Guaranty Federal Bancshares (GFED) initiated with an Outperform at Raymond James... RPX Corp. (RPXC) initiated with an Outperform at Cowen... WidePoint (WYY) initiated with a Buy at B. Riley... VMware (VMW) initiated with a Buy at Monness Crespi... Installed Building Products (IBP) initiated with a Hold at KeyBanc... Nimble Storage (NMBL) initiated with a Neutral at Longbow... RingCentral (RNG) initiated with an Outperform at William Blair.
News For GFED;RPXC;WYY;VMW;IBP;NMBL;RNG From The Last 14 Days
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August 20, 2014
16:07 EDTVMWVMware acquires CloudVolumes, terms undisclosed
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August 19, 2014
08:33 EDTNMBLNimble Storage Q2 results should beat expectations, says Sterne Agee
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08:11 EDTVMWVMware promotes Betsy Sutter to SVP, Chief People Officer
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08:09 EDTVMWVMware updates executive responsibilities
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06:03 EDTRPXCAcacia Research subsidiaries enter into agreement with RPX
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August 14, 2014
16:12 EDTWYYWidePoint reports Q2 EPS (1c), consensus (2c)
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11:45 EDTNMBLNetApp rises after earnings beat, Needham upgrade
Shares of storage systems provider NetApp (NTAP) are advancing after the company posted better than expected first quarter results and received positive analyst commentary. WHAT'S NEW: Last night, NetApp reported Q1 adjusted earnings per share of 60c and revenue of $1.49B, beating analysts' consensus estimates of 57c and $1.47B, respectively. Q1 adjusted gross margin was 64.3%. WHAT'S NOTABLE: NetApp forecast second quarter adjusted EPS of 66c-71c and revenue of $1.49B-$1.59B, compared to consensus of 69c and $1.53B, respectively. For fiscal 2015, the company sees EPS growth just under 10% and revenue growth in the mid-single digits. FY15 adjusted gross margin is seen at 63%-64%. On NetApp's Q1 conference call, management said it was seeing a rebound in enterprise spending in the U.S. ANALYST REACTION: This morning, analyst commentary was overwhelmingly positive. Needham upgraded NetApp to Buy from Hold following its strong Q1 report, citing better enterprise spending. Their price target was $49. Two firms, Piper Jaffray and Brean Capital, raised their respective price targets on NetApp and Pacific Crest said NetApp is "'undervalued and underappreciated," noting that the company's Q1 results included 13% earnings growth year-over-year. PRICE ACTION: In late morning trading, NetApp rose $1.47, or 3.7%, to $40.77 on heavy trading volume. Despite today's advance, the stock is down approximately 4% over the past 12 months. OTHERS TO WATCH: Other companies in the storage space include: EMC (EMC), Dot Hill Systems (HILL) and Nimble Storage (NMBL).
August 12, 2014
07:04 EDTIBPInstalled Building Products reports Q2 adjusted EPS 11c, consensus 10c
Reports Q2 revenue $126.3M, consensus $125.08M. Same branch sales increased 17.9% compared to 2Q13.
August 8, 2014
10:00 EDTNMBLOn The Fly: Analyst Initiation Summary
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09:15 EDTVMWOn The Fly: Pre-market Movers
HIGHER: NVIDIA (NVDA), up 4.2%, upgraded at Needham following its better than expected Q2 results... Arista Networks (ANET), up 8%, upgraded at Citigroup following better than expected Q2 results, announcing an expanded strategic relationship with VMware (VMW)... Tekmira Pharmaceuticals (TKMR), up 17.5% after announcing that the FDA verbally confirmed they have modified the full clinical hold placed on its TKM-Ebola treatment to a partial clinical hold... Gap (GPS), up 4.7% after July same-store sales rose 2%, company issues Q2 EPS outlook above the consensus estimate... lululemon (LULU), up 2.4% after founder agrees to sell half his stake to Advent for $845M. UP AFTER EARNINGS: SolarCity (SCTY), up 1%... Assured Guaranty (AGO), up 9%... MercadoLibre (MELI), up 13.6%. LOWER: Zynga (ZNGA), down 6% after lowering fiscal 2014 guidance... McDonald's (MCD), down 0.4% after Chinese supplier issue contributes to July comparable sales drop of 2.5%.
08:32 EDTVMWVMware, others could benefit from increased cloud adoption, says Pacific Crest
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08:13 EDTVMWArista Networks, VMware enter strategic relationship
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07:02 EDTNMBLNimble Storage initiated with an Outperform at Wells Fargo
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