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Stock Market & Financial Investment News

News For GOOG;EMC;VMW;INTC;GILD;FRX From The Last 14 Days
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May 29, 2015
16:44 EDTINTCStocks end week lower as GDP revision closes May on down note
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16:19 EDTINTCOn The Fly: Top stock stories for Friday
Stocks on Wall Street began the final trading day of May with slight losses. The averages began to pick up downside momentum after revised GDP numbers confirmed expectations that the economy shrank in the first quarter of the year. The Wall Street adage of “sell in May, then go away” appeared to be taking hold as the S&P broke a support level and took the other averages with it. Investors are now concerned about a June swoon, as it is historically one of the worst performing months of the year. ECONOMIC EVENTS: In the U.S., the second estimate of gross domestic product showed it shrank at a 0.7% seasonally adjusted annual rate in the first quarter. This was down from the previous estimate that output grew 0.2% from January through March, but better than the revision to a 1% decline that had been forecast by analysts. The Chicago PMI unexpectedly dropped 6.1 points to 46.2 in May, versus expectations for it to have risen to a reading of 53. The University of Michigan's consumer sentiment reading came in with a 90.7 reading for the final May print, which was up from the preliminary 88.6 reading for the month but down from April's 95.9 figure. COMPANY NEWS: Shares of Humana (HUM) jumped $36.24, or 20.31%, to $214.65 after The Wall Street Journal said the company has hired Goldman Sachs (GS) to help it explore a potential sale after receiving indications of takeover interest. Some of the Journal's sources reportedly said Aetna (AET) and Cigna (CI) are among possible bidders for Humana. Bloomberg then said Humana's sale exploration came after Cigna made a takeover approach. Leerink analyst Ana Gupte wrote in a note to investors on May 12 that consolidation in the industry remains likely, adding that a deal between Aetna and either Cigna or Humana were both "meaningfully accretive" and "imminent" possibilities. MAJOR MOVERS: Among the notable gainers was Heron Therapeutics (HRTX), which gained $7.41, or 60%, to $19.76 after the company reported positive top-line data from a Phase 3 marketing study looking at Sustol as part of a 3-drug regimen for the prevention of delayed-onset chemotherapy-induced nausea and vomiting following administration of highly emetogenic chemotherapy agents. Also higher was Altera (ALTR), which advanced $1.88, or 4%, to $48.85 after reports from The New York Post and Financial Times claimed the company is near a deal to be acquired by chipmaking giant Intel (INTC) for up to $54 per share. Reuters, meanwhile, revised its prior report to indicate the potential price of the deal could be close to $16B. Among the noteworthy losers was Abercrombie & Fitch (ANF), which fell $1.63, or 7.38%, to $20.47 after Janney Capital downgraded the stock to Sell from Hold and warned the company's comparative sales may continue to drop year-over-year as it changes nearly every aspect of its business. Also lower were shares of Bristol-Myers Squibb (BMY), which dropped $4.55, or 6.58%, to $64.60 after the company reported data from a Phase III study evaluating Opdivo in previously-treated patients with advanced, non-squamous non-small cell lung cancer. Biotech analyst Mark Schoenebaum reportedly said Bristol-Myers' data from its Checkmate 057 study opens the door for lung cancer competition from Merck (MRK) and Roche (RHHBY), according to TheStreet's Adam Feuerstein. INDEXES: The Dow dropped 115.44, or 0.64%, to 18,010.68, the Nasdaq lost 27.95, or 0.55%, to 5,070.03, and the S&P 500 fell 13.40, or 0.63%, to 0.63.
16:07 EDTGOOGQualcomm's Snapdragon 810 processor to power Google's Project Tango platform
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16:00 EDTGILD, INTCOptions Update; May 29, 2015
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14:02 EDTGOOGTwitter executive Jessica Verrilli leaving for Google Ventures, Fortune says
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13:07 EDTINTCOn The Fly: Top stock stories at midday
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12:45 EDTINTCAltera near deal to be acquired by Intel for $16B, Reuters reports
Prior reports from media sources have said Intel (INTC) is near a deal to buy Altera (ALTR) for about $15B, but Reuters revised a prior report to indicate the potential price of the deal could be close to $16B. Reference Link
12:42 EDTINTCAltera near deal to be acquired by Intel for $16B, Reuters reports
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12:40 EDTGOOGGoogle buys Pulse.io mobile app performance startup, terms not disclosed
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11:56 EDTINTCAltera options active on renewed takeover speculation
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11:12 EDTINTCIntel deal for Altera could be announced as soon as next week, FT says
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09:36 EDTINTCAltera, Intel talks continuing, CNBC's Faber says
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09:35 EDTINTCActive equity options trading on open
Active equity options trading on open: AAPL INTC VLO FB HFC AMZN FB BRCM FCX
09:19 EDTINTCOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Magnachip (MX), up 5.8% after reporting quarterly results and CEO transition... GameStop (GME), up 6.4%... Infoblox (BLOX), up 1.6%... Ulta Salon (ULTA), up 1.1%. ALSO HIGHER: Transgenomic (TBIO), up 44.2% after launching Multiplexed Ice Cold-PCR CLIA service... Heron Therapeutics (HRTX), up 37.7% following positive results from Sustol study... Altera (ALTR), up 5% following a NY Post report that Intel (INTC) is close to buying Altera for up to $54.00 per share... Intel is up marginally. DOWN AFTER EARNINGS: Frontline (FRO), down 4.9%. ALSO LOWER: Cyberark (CYBR), down 3.2% after filing to sell $50M in common stock and $200M for stockholders.
07:17 EDTGOOGGoogle remains innovation leader in Internet sector, says UBS
Following the keynote session of the I/O Developer Conference, UBS said Google remains the innovation leader among companies in the Internet sector. The firm cited continued growth and scale of its consumer platforms and new innovations within its developer ecosystem. UBS reiterated its Buy rating and $670 price target on Google shares.
07:15 EDTINTCBroadcom-Avago deal may not be tech's largest for long, Bloomberg says
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06:21 EDTGOOGGoogle says Gmail has 900M active users, TechCrunch reports
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06:00 EDTGOOGGoogle discusses Identity Platform on developer blog
On its Developer Blog, Google discusses its new Identity Platform, a suite of developer tools hat let others build "frictionless" entry to name-brand sites via the Smart Lock password manager. Google comments, "With Smart Lock for Passwords, you get frictionless sign-in and sign-up into apps on Android and sites in Chrome with any account. Users will get automatically signed-in across devices. In turn, you reduce the risk of forgotten user passwords and missed conversion opportunities when users get frustrated trying to sign in or move on to another activity. Identity Toolkit gives you a robust, secure authentication system in a box that helps you do sign-in the right way, no matter what account your users want to use. The toolkit gives you password authentication, in addition to federated sign-in with major identity providers." Reference Link
05:57 EDTGOOGAndroid TV to display video apps as traditional channels, Variety reports
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05:52 EDTGOOGGlobal smartphone shipments to reach 1.37B in 2015, DigiTimes reports
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05:52 EDTGOOG, INTCIDC: PC shipments to decline for fourth straight year in 2015, DigiTimes says
The IDC said PC shipments will decline by 6.2% in 2015 and will be the fourth consecutive year of falling volume, reports DigiTimes. The market almost saw stable shipments in mid-2014 as the end of support for Windows XP boosted demand, but that cycle passed and was replaced by a reduction in inventory on the supply side as the market awaits the arrival of Windows 10. Reference Link
05:52 EDTINTC, GOOGIDC: Worldwide tablet growth to decline 3.8% in 2015, DigiTimes says
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05:38 EDTINTCIntel close to buying Altera for up to $54/share, NY Post reports
Intel (INTC) is near a deal to buy rival Altera (ALTR) for about $15B or up to $54 per share, Josh Kosman of the New York Post reports, citing a source close to the situation. Altera reportedly rejected an earlier buyout price from Intel of $54 per share, but that was before it reported disappointing earnings results, Kosman points out. Intel has no interest in competing with Avago (AVGO) to acquire Broadcom (BRCM), a source told the reporter. Shares of Altera are trading up $4.52 to $51.49 in the pre-market. Reference Link
May 28, 2015
19:13 EDTGOOGGoogle to launch free unlimited photo, video storage, AP says
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14:54 EDTGOOGGoogle teams up with GoPro on virtual reality camera, video, Re/code says
Google (GOOG) product management VP Clay Bavor announced that YouTube will host 3D videos filmed with GoPro's (GPRO) 360-degree camera known as "Array," reports Re/code, citing statements made at the I/O conference Thursday. The GoPro-built device uses Google rendering technology and is part of Google's new virtual reality platform known as Jump. Re/code notes that the device will be sent to popular YouTube content creators beginning in July, and video captured with the device can be viewed with Google's "Cardboard" virtual-reality headset, which is priced near $20. Reference Link
13:52 EDTGOOGVisa says Google first partner to participate in Digital Enablement Program
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13:16 EDTGOOGGoogle says developers have built 4,000+ apps for Android Wear
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13:14 EDTGOOGGoogle introduces Android Pay
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13:04 EDTGOOGGoogle introduces Android Pay at developer conference, Business Insider reports
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12:53 EDTGOOGGoogle says Android M to succeed Lollipop this year, The Verge reports
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10:55 EDTGOOGGoPro rises after confirming plans to enter drone, VR markets
Shares of GoPro (GPRO) are rising after the action camera maker confirmed it is developing a camera array for virtual reality filming and is also making its own drone for consumers. WHAT'S NEW: GoPro is developing a product that can create video which can be viewed on virtual reality headsets, GoPro CEO Nick Woodman said at the Code Conference, according to Re/code. Called a Six-Camera Spherical Array, the device uses six of GoPro's Hero4 cameras and a product from Kolor, a virtual reality software company GoPro acquired in April. GoPro is also building its own drone geared to consumers, Woodman said, according to Re/code. However, the company will continue to provide cameras to other drone makers, the website noted. ANALYST REACTION: In a note to investors earlier today, Piper Jaffray analyst Erinn Murphy said that GoPro's virtual reality product should be available in the second half of this year and cost $500-$1,500. The drone is expected to be available in the first half of next year and is likely to be sold for $500-$2,500, the analyst stated. GoPro's expansion into the drone and virtual reality markets could undermine bears' contention that GoPro's total available market is low, according to Murphy. Drones and virtual reality should have total available markets of over $5B by 2020 and over $65B by 2025, respectively, estimated the analyst, who kept a $68 price target and Overweight rating on GoPro. Meanwhile, Stifel analyst Jim Duffy wrote that the virtual reality product will have only a minimal impact on GoPro's results in 2015 and 2016. However, the drone offering could increase its 2016 earnings per share by 20c-30c if it is launched in the beginning of the year, according to Duffy, who kept a Hold rating on the stock. WHAT'S NOTABLE: In a note to investors yesterday, well-known Piper Jaffray analyst Gene Munster called virtual reality and augmented reality "the next mega tech themes through 2030." Users will be able to enjoy gaming, live sports, concerts, "immersive cinema," and social experiences using virtual reality, he predicted. Facebook (FB), Google (GOOG,GOOGL) and Apple (AAPL) are likely to benefit from this trend, Munster believes. PRICE ACTION: In mid-morning trading, GoPro climbed nearly 8% to $57.43.
10:51 EDTGOOGRumor: Tesla moves higher on renewed Google speculation
Shares of Tesla (TSLA) are moving higher on renewed speculation Google (GOOGL) may have accumulated a stake in the company.
10:11 EDTGOOGAnalyst says Google non-search assets to drive strong growth
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10:09 EDTGOOGGoogle volatility flat into developer’s conference
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10:02 EDTGOOGSandvine: Netflix accounts for 36.5% of peak Internet traffic, Variety reports
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09:34 EDTGILDActive equity options trading on open
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09:05 EDTINTCIntel partners with SoftServe for Internet of Things solutions
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08:35 EDTGILDGilead: MAA for fixed-dose Emtricitabine, Tenofovir Alafenamide validated by EMA
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07:42 EDTGOOGGoogle valuation supported by non-search business growth, says Canaccord
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07:30 EDTGOOGGoogle to hold a conference
Google I/O 2015 is being held in San Francisco on May 28-29.
06:28 EDTGOOGGoogle says 'Buy' button to come to searches, Business Insider reports
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06:27 EDTGOOGGoogle and Apple set to unveil plans to enhance mobile payments, NY Times says
Google (GOOG) is set to unveil plans at its annual developer conference Thursday for an overhaul of its mobile payment products, reports the New York Times. According to three people familiar with the situation, changes include a service called Android Pay that will allow credit card payments from inside their mobile apps and can be integrated with loyalty programs. Apple, meanwhile is preparing to announce details about enhancements to Apple Pay at its software conference next month that include a rewards program, according to two people briefed on the product. Reference Link
05:53 EDTGOOGObama administration urges justices not to hear Google-Oracle case, WSJ says
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05:50 EDTINTCTSMC expects to beat Samsung in 10nm race, DigiTimes reports
TSMC (TSM) expects to beat Samsung (SSNLF) in ramping up production on its 10nm lines, reports DigiTimes. TSMC expects Intel (INTC) to be a major competitor in the 10nm FinFET race. Reference Link
05:49 EDTGOOGGoogle says Taiwan a major revenue contributor for company, DigiTimes says
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May 27, 2015
19:47 EDTGOOGGoogle Chief Business Officer says buy button is 'imminent,' Re/code reports
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19:21 EDTGOOGApple plans iOS personal assistant feature codenamed 'Proactive,' 9to5Mac says
Apple (AAPL) is readying an iOS feature codenamed "Proactive," which aims to compete with Google (GOOG) Now by incorporating Siri, Passbook, Calendar, Contacts, and other apps to create a more full-featured personal assistant, reports 9to5Mac, citing sources familiar with Apple's plans. Sources said Proactive will comprise a new "layer" within iOS, replacing the current pulldown Spotlight menu. Reference Link
18:51 EDTGOOG2016 Chevrolet models to feature Apple CarPlay, Android Auto
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16:51 EDTGILDGilead inaugurates new lab and $100M investment
Gilead Sciences' wholly-owned subsidiary Gilead Alberta ULC opened the first of two new laboratory buildings at its Edmonton campus, and announced an additional $100M investment to further expand and upgrade the site as the biopharmaceutical company broadens its pipeline of treatments in areas of unmet medical need. A second laboratory building is under construction and set for completion in the spring of 2016.
15:00 EDTINTCBroadcom, Avago deal would make strategic sense, says Piper Jaffray
Piper Jaffray analyst Ruben Roy said he believes a merger deal between Broadcom (BRCM) and Avago (AVGO), as the companies were said by the Wall Street Journal to be discussing, would make strategic sense. Roy said that if average take-out multiples in the semiconductor space over the past several years are used as a guide, Broadcom could be valued near $58 per share in a takeover. He added that he thinks Intel (INTC) could continue to be interested in Broadcom, especially with its reported talks to buy Altera (ALTR) "in limbo." Roy maintains a Neutral rating on Broadcom shares.
13:45 EDTGILDGilead HBV future likely from assets other than GS-4774, says Deutsche Bank
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10:32 EDTGOOGTwitter beats LinkedIn as top social media site for salespeople, Forbes reports
In a survey conducted by Forbes with a client, Twitter (TWTR) beat LinkedIn (LNKD) to become the top social media network for salespeople. When it came to sales prospecting, Twitter was "slightly more valuable" than LinkedIn, according to the survey, though both sites beat out Facebook (FB) and Google (GOOG). Reference Link
07:52 EDTEMCEMC deal has mixed implications, says Oppenheimer
After EMC agreed to buy privately held Virtustream, Oppenheimer says it's positive on Virtustream's high-end cloud workload focus and how it solidifies EMC's hybrid view. However, the firm says that Virtustream is too focused on SAP applications, and it is concerned that the deal could make some of EMC's partners increasingly view it as a competitor. The firm keeps an Outperform rating on EMC.
07:20 EDTGOOGMicrosoft bringing Cortana assistant to iOS, Android, The Verge reports
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06:52 EDTINTCIntel recent weakness a buying opportunity, says Jefferies
Jefferies sees a good setup for shares of Intel in the second half of 2015 and recommends buying the stock following the recent weakness. The firm sees the potential for upside surprises in the second half as PC inventory restocks and reiterates a Buy rating on Intel with a $48 price target.
06:27 EDTGOOGUS administration backs Oracle in Google case, Financial Times reports
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06:13 EDTGOOGTech companies look for ways to fend off activist investors, WSJ reports
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May 26, 2015
18:32 EDTGOOGFacebook India offers content creators exclusivity deals, Economic Times says
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18:11 EDTGOOGGoogle, Yahoo inquired about buying Flipboard, WSJ says
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12:11 EDTGOOGGlobal smartphone growth expected to slow to 11.3% in 2015, IDC says
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10:46 EDTGILDAnthem sued for denying coverage for Gilead's Harvoni, WSJ says
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10:38 EDTVMW, EMCEMC to expand in cloud with purchase of Virtustream for $1.2B
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08:16 EDTEMCEMC volatility low into acquiring Virtustream in deal valued at $1.2B in cash
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08:15 EDTEMCEMC to host conference call
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08:04 EDTEMCEMC to acquire Virtustream in deal valued at $1.2B in cash
EMC Corporation announced it has entered into a definitive agreement to acquire privately-held Virtustream. When the transaction closes, Virtustream will form EMC's new managed cloud services business. Virtustream's cloud software and Infrastructure-as-a-Service portfolio will be delivered directly to customers and through partners. EMC Federation service provider partners will receive access to Virtustream's xStream cloud management software platform and be enabled to adopt and deliver their own branded services based upon it. The all-cash transaction is expected to close in the third quarter of 2015, subject to customary closing conditions, is valued at approximately $1.2B, and has been approved by the boards of directors of both EMC and Virtustream and the requisite Virtustream stockholders. The transaction is expected to have no material impact to EMC financial results in 2015 and is expected to be additive to revenues and accretive to EPS in 2016.
08:02 EDTEMCEMC to acquire Virtustream in deal valued at $1.2B in cash
07:39 EDTGOOGGoogle I/O conference a showcase for opportunities, said UBS
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07:17 EDTINTCConsumer Electronics Association to hold a conference
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May 22, 2015
16:00 EDTINTC, GILDOptions Update; May 22, 2015
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11:00 EDTINTCIntel may be launching next-gen Skylake chips in August, Apple Insider says
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09:34 EDTINTCActive equity options trading on open
Active equity options trading on open: AAPL BABA AMZN FB MU BIDU SDRL BAC INTC EXPE CHK FEYE
06:55 EDTGOOGGoogle seeks Taiwan partners to promote Chromebook, DigiTimes reports
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06:40 EDTGOOGGoogle to add fingerprint authentication to Android M, Buzzfeed reports
Google's Android M is expected to include fingerprint authentication, reports Buzzfeed. The functionality will allow users to log in to all supported applications on their Android devices without entering a password. Google is expected to announce the feature next week at Google I/O. Reference Link
May 21, 2015
19:44 EDTGOOGGoogle advertising head remarks that larger phones may help mobile ads, WSJ says
In a Wall Street Journal interview at the San Francisco ad:tech conference, Google (GOOG) advertising chief Sridhar Ramaswamy commented on the conversation rate from mobile ad viewership to actual mobile sales, stating, "As phones get bigger the [screen] space issue becomes less challenging... [My six-inch phone] is essentially a tablet. People’s ability to navigate sites and fill out forms and such goes up tremendously." Ramaswamy also offered commentary on Facebook's (FB) advertising metrics, asking, "How many of Facebook’s video views are engaged views?" The Journal notes that Google's YouTube waits 30 seconds to register a video view, while Facebook counts a view "more quickly." Reference Link
17:34 EDTGOOGGoogle data shows link between mobile ads, store visits, WSJ says
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12:44 EDTGOOGGoogle developing tech to run on low-powered devices, The Information says
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11:39 EDTEMCNetApp hits 52-week low after results, outlook miss expectations
Shares of storage company NetApp (NTAP) are falling after the company’s fourth quarter results and first quarter outlook significantly trailed analysts’ consensus estimates. WHAT'S NEW: Yesterday, NetApp reported Q4 adjusted earnings per share of 65c and revenue of $1.54B, trailing analysts’ consensus estimates of 72c and $1.59B, respectively. The company raised its quarterly dividend 9% to 18c per share. It also announced a “realignment” that will be implemented through the end of 3Q16. As part of the realignment, NetApp expects to reduce worldwide headcount by approximately 500 employees. The company expects to incur aggregate charges of approximately $25M-$35M for employee terminations and other costs associated with the realignment. WHAT’S NOTABLE: Looking ahead to Q1, NetApp forecast adjusted EPS of 20c-25c and revenue of $1.275B-$1.375B, well below the consensus of 60c and $1.46B, respectively. On the company’s conference call, management said it sees a return to a growth trajectory in second half of FY16. OEM revenue ended at less than 10% of FY15 net revenues and normalized to a level of revenue that the company will no longer discuss separately, management stated, adding that the company is well positioned for the era of cloud computing. They expect to reduce the company’s share count by another 5%, and see operating margins back in range in the second half of the year. ANALYST REACTION: This morning, JP Morgan, Cantor, Summit Research and Needham all downgraded NetApp following its Q4 report. JPMorgan went to Underweight on NetApp, citing the "tough" Cluster ONTAP product transition after the company's Q1 revenue guidance missed expectations. The firm cut its price target for shares to $29 from $35. Cantor Fitzgerald's Brian White downgraded NetApp to Hold from Buy, citing execution issues with the product transition and secular challenges for the storage market, and cut his price target for shares to $35 from $43. Last night marked the seventh time in eight quarters that NetApp missed estimates, Summit Research noted. PRICE ACTION: In late morning trading, NetApp fell $4.17, or about 12%, to $31.16 on nearly four times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $30.90. Including today's pull back, the shares have lost approximately 10% over the past 12 months. OTHERS TO WATCH: Other companies in the in the storage space include EMC Corporation (EMC), Dot Hill Systems (HILL) and Nimble Storage (NMBL).
10:58 EDTGILDDeutsche Bank biotech analyst holds an analyst/industry conference call
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10:15 EDTGOOGDISH Sling TV releases app for Android TV
DISH (DISH) confirmed that Sling TV launched its Android TV application for Google’s (GOOG) Nexus Player, available for immediate download in the Google Play Store. New customers can purchase a Nexus Player at a 50% discount when they pre-pay for three months of Sling TV or customers can choose to sample Sling TV on their Nexus Player for seven days at no cost, DISH added.
10:04 EDTGOOGDISH bringing Sling TV to Android TV platform, TechCrunch reports
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08:15 EDTGOOGSalesforce acquisition still possible, says JMP Securities
After Salesforce reported stronger than expected results, JMP Securities indicated that the results, along with statements by the company's CEO, make an acquisition seem less likely. However, the firm continues to believe that Google (GOOG), Oracle (ORCL), or Microsoft (MSFT) could buy the company. All three potential acquirers have significant cash and strong potential synergies with Salesforce, and the world is moving to the cloud, the firm explained. It raised its price target on Salesforce to $80 from $75 and keeps an Outperform rating on the shares.
May 20, 2015
09:07 EDTGILDGilead's patent for Hep C drug sofosbuvir challenged by NGO's in five countries
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06:25 EDTGOOGGoogle seeks new partners for next-generation Nexus phones, DigiTimes reports
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May 19, 2015
16:53 EDTGOOGGoogle near to launching new web photo service, Bloomberg says
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14:05 EDTGOOGGoogle bringing tweets to Google Search on mobile devices
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12:55 EDTINTCPC related stocks struggle after Morgan Stanley says PC turn won't come until Q3
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11:52 EDTGOOGDepartures raises concerns of Google's commitment to ecommerce, Re/code says
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11:15 EDTINTCAnalyst says Intel takeover of Altera more likely than not
Citi, in a note to investors today, said that the chances of Altera (ALTR) being acquired by Intel (INTC) were greater than 50%. The note comes after multiple news outlets reported yesterday that the two companies have resumed talks about Intel buying the smaller chip maker. ANALYST REACTION: News reports suggest that the odds of Intel buying Altera seem to have increased, wrote Citi analyst Christopher Danely. A deal is more likely to occur than not, according to the analyst. However, he does not believe that the transaction is a done deal. Moreover, the analyst kept a Neutral rating on Intel shares, saying that he does not anticipate changing his rating even if a takeover is consummated. In its own note on Altera this morning, Pacific Crest said it views the breakdown in Dennard scaling and Dark Silicon as an underappreciated positive for the maker of field-programmable gate arrays. The firm sees fair value for Altera at $55-$60 and still thinks that an acquisition by Intel makes sense strategically. PRICE ACTION: In late morning trading, Altera added 0.5% to $47.16, while Intel fell 1% to $33.06.
10:47 EDTGOOGGoogle says 'no sacred cows' in rethink of Glass product, Financial Times says
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10:09 EDTGILDGilead CFO says 'really excited' about options to grow beyond 2018
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09:51 EDTGOOGYelp early strength attributed to talk of buyout
The early move higher in shares of Yelp is being attributed to speculation that Google (GOOG) may have interest in acquiring the online review site. The Wall Street Journal on May 7 reported that Yelp has hired banks to explore a sale. Shares of the company are up $1.05 to $47.61 in early trading.
09:17 EDTINTCAltera has 'underappreciated' positive catalyst, says Pacific Crest
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08:34 EDTINTCApple introduces 15-inch MacBook Pro with Force Touch trackpad
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08:33 EDTINTCMorgan Stanley cautious in near-term on PC names
Morgan Stanley is more cautious on PC names near-term, given PC and HDD inventory builds quarter-to-date and weaker April ODM sales. The firm's analyst team continues to believe Q1 was a bottom in year-over-year growth, but now expects normal Q2 seasonal growth instead of above normal and thinks any recovery will likely be delayed until Q3. Morgan Stanley is cautiously optimistic on Western Digital (WDC) due to its diverse revenue drivers, sees value creation catalysts for Hewlett-Packard (HPQ) and believes Microsoft (MSFT) shares reflect the challenging PC market and Win 10. The firm is more cautious on semis such as NVIDIA (NVDA) given higher valuations, share loss at Advanced Micro (AMD), potential 2H margin pressure at Intel (INTC), and Morgan is cautious on PC DRAM stocks near-term due to weaker pricing.
08:20 EDTGOOGVerizon CFO sees net phone additions in Q2
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07:56 EDTGILDGilead for Achillion rumor not ridiculous, but highly unlikely, TheStreet says
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07:28 EDTGILDUBS to hold a conference
Global Healthcare Conference is being held in New York on May 18-20 with webcasted company presentations to begin on May 19 at 8 am; not all company presentations may be webcasted. Webcast Link
06:59 EDTGOOGYouTube Kids app receives complaints of 'inappropriate content', WSJ says
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06:10 EDTINTCCiti sees over 50% chance of Intel buying Altera
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May 18, 2015
19:43 EDTGILDAnthem Blue Cross sued for limiting Harvoni usage, LA Times says
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16:16 EDTGILDGilead confirms plans to present tomorrow at UBS conference, Feuerstein reports
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14:42 EDTGILDAchillion rises as conference cancellation adds fuel to M&A speculation
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12:51 EDTINTCOn The Fly: Top stock stories at midday
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11:47 EDTGOOGAmazon unlikely hurt by Google Buy button in next 3 years, says Piper Jaffray
Piper Jaffray analyst Gene Munster said he does not expect Google's (GOOG) addition of a "Buy" button for mobile e-commerce hurting Amazon.com (AMZN) over the next 1 to 3 years, but he does believe Google's plan presents a longer-term threat to "chip away" at Amazon's growth rate. However, Munster thinks it will be "next to impossible" for Google to replicate Amazon's core infrastructure and customer experience and he keeps an Overweight rating and $475 price target on Amazon shares.
10:40 EDTINTCIntel, Altera held principal to principal talks late last week, Faber says
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09:36 EDTGILDActive equity options trading on open
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09:11 EDTINTCIntel, Altera held 'principal to principal' talks last week, CNBC reports
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08:22 EDTGOOGVerizon deal has multiple positive catalysts, says Wells Fargo
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07:59 EDTGOOGGoogle Buy button a natural fit for mobile shopping listings, says Baird
Baird noted Google added a Buy button to accompany mobile product listings and believes it will improve the company's e-commerce search competitiveness. Baird reiterated its Outperform rating and $690 price target on Google shares.
07:27 EDTEMCJPMorgan to hold a conference
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07:06 EDTINTCAltera back in talks with Intel about potential takeover, NY Post says
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May 17, 2015
18:56 EDTGOOGGoogle to feature 'buy' button in sponsored search results, WSJ says
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16:50 EDTGOOGWhite House wavers on backing Google, Oracle in copyright suit, Reuters says
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