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Stock Market & Financial Investment News

News Breaks
March 6, 2014
11:30 EDTAKAM, GMEStocks with call strike movement; AKAM GME
Akamai (AKAM) August 70 call option implied volatility increased 1% to 37, GameStop (GME) July 47 call option implied volatility decreased 4% to 38 according to IVolatility.
News For GME;AKAM From The Last 14 Days
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June 24, 2015
15:53 EDTGMESunTrust identifies the most likely M&A activity in specialty retail
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11:11 EDTGMEAnalyst says Best Buy shares poised to rise
Best Buy's (BBY) stock is poised to advance after the company reports its second quarter results, research firm B. Riley predicted. WHAT'S NEW: Best Buy's forecast for increased margins in the second half of the year, along with easing comparisons, should cause the stock to rise, predicted B. Riley in a note to investors earlier today. The shares will be particularly well-positioned to climb after the company updates its guidance following its Q2 results, the firm believes. Best Buy's initiatives should help increase its revenue and profits heading into fiscal 2017 and the retailer can continues to increase its market share at the expense of Sears (SHLD), RadioShack and others. Additionally, macro economic trends remain favorable for Best Buy and its key product categories continue to perform well, according to B. Riley. The firm, which is particularly confident about the company's ability to beat Q4 consensus estimates, keeps a $47 price target on the name and reiterates a Buy rating on the shares. WHAT'S NOTABLE: In their own note to investors this morning, SunTrust analysts David Magee and D. Mitch Van Zelfden speculated on potential M&A activity in the specialty retail space, noting that "Wall Street’s appetite for acquisitions has strengthened recently." In their opinion, Best Buy acquiring GameStop (GME) is among the "most compelling relationships" in the sector, the note explained. PRICE ACTION: In mid-morning trading, Best Buy slid 0.4% to $34.72, while GameStop rose 1.3% to $44.92.
10:36 EDTGMEElectronic Arts advances after analysts positive on E3 showing
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06:47 EDTAKAMAkamai releases Q1 'State of the Internet' report
Akamai Technologies released its Q1 State of the Internet Report. Based on data gathered from the Akamai Intelligent Platform, the report provides insight into key global statistics such as connection speeds and broadband adoption across fixed and mobile networks, overall attack traffic, global 4K readiness, and IPv4 exhaustion and IPv6 implementation. the first quarter of 2015, Akamai observed a 1.2% quarterly increase in the number of unique IPv4 addresses connecting to the Akamai Intelligent Platform, growing to over 812 million—about 10 million more than were seen in the fourth quarter of 2014. n the first quarter, average mobile connection speeds ranged from a high of 20.4 Mbps in the United Kingdom—a 27% increase over the fourth quarter—to a low of 1.3 Mbps in Vietnam. Average peak mobile connection speeds ranged from 149.3 Mbps in Australia to 8.2 Mbps in Indonesia. Denmark saw 98% of unique ip addresses from mobile providers connect to Akamai at speeds above 4 Mbps, followed by Sweden and Venezuela with 97% each. On the other end of the spectrum, four countries—Vietnam, Iran, Kazakhstan, and Bolivia—each had less than 1% of ip addresses connecting at those speeds. Based on traffic data collected by Ericsson, the global volume of mobile data traffic grew by 12% between the fourth quarter of 2014 and first quarter of 2015. Analysis of Akamai io data collected during the first quarter from a sample of requests to the Akamai Intelligent Platform indicates that for traffic from mobile devices on cellular networks, Apple Mobile Safari accounted for roughly 35% of requests, down slightly from 36% in the fourth quarter, while Android Webkit and Chrome for mobile accounted for 23% and 16% of requests, respectively—giving a total of 39% for the Android platform. For traffic from mobile devices across all networks, Apple Mobile Safari was responsible for close to 47% of requests, down from 48% last quarter, while Android Webkit and Chrome Mobile made up just over 25% and 17% of requests, respectively, for a total of 42%. ontinuing the trend seen in the fourth quarter of 2014, the number of unique IPv4 addresses worldwide connecting to Akamai grew by nearly 10 million in the first quarter. As noted in last quarter’s report, however, the company expects that the number of unique global IPv4 addresses seen by Akamai may level off or decline in the future as more carriers implement carrier-grade network address translation solutions in an effort to conserve limited IPv4 address space and as they increase support for and availability of native IPv6 connectivity for subscribers.
June 23, 2015
17:20 EDTGMEGameStop backs FY15 EPS view $3.63-$3.83, consensus $3.87
Backs FY15 revenue growth view on negative 1% to 4%. Full year comparable store sales are still expected to range from +1.0% to +6.0%.
17:16 EDTGMEGameStop backs Q2 EPS view 21c-25c, consensus 24c
Backs Q2 revenue growth view of negative 3% to flat; Backs Q2 SSS view of range from flat to +3.0%. Guidance from company slides presentation.

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