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Stock Market & Financial Investment News

News Breaks
March 17, 2014
10:03 EDTRNG, VMW, GFED, NMBL, WYY, IBP, RPXCOn 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 26, 2015
11:50 EDTVMWEMC-VMware report shows board knows status quo 'not an option,' says Wells Fargo
After Re/code's Arik Hesseldahl reported that EMC's (EMC) board is "actively considering" a downstream merger proposal under which it would be acquired by VMware (VMW), Wells Fargo analyst Maynard Um said he views the most important takeaway to be that the board views maintaining the status quo as "not an option" amid the rapid shift in the industry. Um thinks an EMC buy-in of VMware, which the report contends is the preferred option of EMC CEO Joe Tucci, presents a cleaner path with less variables but says that in either case it "seems clear that something will happen," which he views as a positive.
10:00 EDTNMBLOn The Fly: Analyst Upgrade Summary
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08:23 EDTVMWEMC board 'considering' VMware downstream merger proposal, Re/code reports
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08:09 EDTNMBLNimble Storage price target lowered to $37 from $40 at UBS
UBS lowered its price target on Nimble Storage to $37 from $40 following Q2 results. UBS reiterated its Buy rating on Nimble shares, citing its revenue guidance beat and its improvement in market share in the large enterprise storage space.
08:04 EDTNMBLNimble Storage upgraded to Buy at Wunderlich on improved visibility
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07:16 EDTNMBLNimble Storage upgraded to Buy from Hold at Wunderlich
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07:01 EDTNMBLNimble Storage reported another 'solid' quarter, says Summit Research
Summit Research analyst Srini Nandury called Nimble Storage's (NMBL) quarterly results "solid," highlighting the company's report of strong demand, higher deal sizes and addition of an all-time high 690 new customers. The firm, which said it expects Nimble to gain share from both EMC (EMC) and NetApp (NTAP) "in short order," reiterates its Buy rating and $40 price target on Nimble shares.
August 25, 2015
17:18 EDTNMBLNimble Storage says win rates remain consistent despite price competition
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17:08 EDTNMBLNimble Storage says storage market continues to experience disruption
Nimble CEO Suresh Vasudevan says "major architectural shifts are continuing to disrupt the storage market resulting in significant year-over-year revenue declines" for industry incumbents. Says SmartStack solution "gaining more and more steam," says more than doubled SmartStack customers y/y. Nimble executives are speaking on the company's Q2 earnings conference call.
16:03 EDTNMBLNimble Storage sees Q3 EPS (9c)-(8c), consensus (7c)
Sees Q3 revenue $86M-$88M, consensus $86.02M.
16:02 EDTNMBLNimble Storage reports Q2 EPS (10c), consensus (11c)
Reports Q2 revenue $80.1M, consensus $78.57M.
15:00 EDTNMBLNotable companies reporting after market close
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12:31 EDTNMBLNimble Storage technical notes ahead of results
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08:35 EDTVMWExtreme Networks joins VMware NSX partner ecosystem
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August 24, 2015
08:06 EDTRNGRingCentral initiated with an Overweight at Morgan Stanley
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August 20, 2015
14:39 EDTVMW, NMBLEarnings Watch: Hewlett-Packard reports ahead of company split
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10:00 EDTRPXCOn The Fly: Analyst Downgrade Summary
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05:27 EDTRPXCRPX Corp. downgraded to Underweight from Equal Weight at Barclays
Barclays analyst Darrin Peller downgraded RPX Corp. to Underweight citing low client addition visibility and the company's "muted" revenue growth guidance for the second half of 2015. Peller keeps a $15 price target for the shares.
August 19, 2015
12:53 EDTNMBLEarnings Watch: Analysts mostly bearish on NetApp ahead of Q1 earnings
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August 17, 2015
06:04 EDTNMBLNetApp downgraded to Sell from Hold at Summit Research
Summit Research analyst Srini Nandury downgraded NetApp (NTAP) to Sell saying dynamics in the storage industry as well as the company's Cluster ONTAP product transition will make revenue growth "elusive in the near-term." Weaker storage spending and continued problems with getting customers to upgrade to Cluster ONTAP could drive consensus estimates lower from current levels, Nandury tells investors in a research note. Further, the analyst believes NetApp continues to lose high sales performers to competitors such as Nimble Storage (NMBL), Pure Storage, Tegile and Tintri. He expects the company's FY16 revenue to decline 6% on top of the 3% decline in FY15, with only modest growth in FY17. Nandury cut his price target for NetApp shares to $28 from $32. The stock closed Friday up 13c to $30.75.
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