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News For GOOG;MSFT;CSCO From The Last 14 Days
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October 6, 2015
07:17 EDTMSFTStrategic News Service to hold a conference
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06:21 EDTGOOGRoughly 44% of online shoppers turn to Amazon first, Re/code reports
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October 5, 2015
16:00 EDTCSCOOptions Update; October 5, 2015
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14:48 EDTMSFTMicrosoft to hold a media briefing
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14:46 EDTGOOGGoogle takes stake in financial messaging start-up Symphony, WSJ reports
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14:37 EDTGOOGGoogle takes stake in financial messaging start-up Symphony, WSJ reports
12:51 EDTGOOGRussia tells Google in antitrust ruling to unbundle services in Android phones
Russia's Federal Anti-Monopoly Service has given Google (GOOG) until November 18 to unbundle its pre-installed applications in devices running the Android operating system, according to a translation of an order posted to the regulator's website. The regulator said Google can't restrict other apps and services in order so that it does not abuse its dominant market position, according to the translation. "To restore competition on the market, Google should amend agreements with mobile-device producers within a month and exclude the anti-competitive clauses," Russia's regulator said. Google may also face a fine of 1%-15% of the revenue from the services where the violation occurred, according to the Federal Anti-Monopoly Service. Shares of Yandex (YNDX), which competes with Google in Russia and had initiated the complaint to the regulator, rose $1.11, or 9.8% to $12.45 in afternoon trading in New York. Reference Link
10:27 EDTCSCOFireEye tumbles after competition worries spark downgrade
The shares of IT security company FireEye (FEYE) are sinking after research firm Piper Jaffray downgraded the stock to Neutral from Outperform, warning that the company is facing increased competition and tough comparisons. WHAT'S NEW: The top five firewall vendors are now offering "sandbox" technology that is similar to FireEye's offering, Piper analyst Andrew Nowinski reported. Check Point's (CHKP) SandBlast technology, which is similar to FireEye's offering, has a 12.8% share of the market, the analyst stated. Meanwhile, Cisco (CSCO) has identified security as its top priority, and is taking a "software-centric" approach that appears to be "directed at FireEye," Nowinski believes. Additionally, FireEye faces tough comparisons and its valuation "leaves little room for error," according to the analyst, who set a $37 price target on the shares. PRICE ACTION: In early trading, FireEye fell 6% to about $31 per share while Check Point rose 0.8% to $81.16.
09:39 EDTMSFT, GOOGeSports seen as next big growth opportunity in media
Competitive video game playing in organized leagues, or eSports, is on the verge of reaching mainstream adoption and moving from an engagement tool to a monetization opportunity for video game makers, according to Baird analyst Colin Sebastian, who calls the trend the "biggest media and sports growth opportunity you've never heard of." NEXT BIG THING: eSports could have 200M active and engaged participants as early as next year and can grow from about $200M this year to $1B in revenues by 2018, Sebastian tells investors this morning in a research note. Game publishers such as Activision Blizzard (ATVI), Electronic Arts (EA) and Take-Two Interactive (TTWO) are "natural beneficiaries," according to Sebastian, who believes that eSports has the potential to drive earnings growth and multiple expansion for the sector. eSports is still mainly a tool to help engage and keep core gamers, but Sebastian expects this to change quickly as game makers focus on incremental revenue opportunities and increasing average revenue per user. The analyst also sees "significant opportunities" from eSports for online streaming platforms, like Amazon's (AMZN) Twitch and Google's (GOOG) newer platform, as well as for Microsoft (MSFT), Sony (SNE) and PC and component makers. ANOTHER eSPORTS BULL: Jefferies analyst Mark Lipacis previously told investors that he believes the surging popularity of competitive video gaming on a global basis will benefit game publishers as well as hardware companies like NVIDIA (NVDA). In a note to investors last month, the analyst said that Activision Blizzard had five of the top fifteen most popular games on Twitch in July, and contended that the company looks best positioned among game makers to benefit from the eSports opportunity. On the date of his eSports note, Lipacis upgraded NVIDIA to Buy from Hold, saying secular growth in gaming will trump PC weakness. The company's Gaming Graphics Processing Unit is "under the radar" and has grown 23% annually over the past three years, noted Lipacis, who raised his price target for shares to $30 from $23. PRICE ACTION: In early trading, Activision Blizzard rose 1.4% to $31.90, Electronic Arts gained 1.04% to $67.18 and Take-Two Interactive advanced 0.85% to $29.64.
08:02 EDTGOOGGoogle, Assurant Solutions partner to offer Nexus Protect
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07:14 EDTCSCOCisco to hold a conference
2015 Cisco Global Editors Conference is being held in San Jose, California on October 5-6 with webcasted keynote presentation to begin on October 5 at 11:45 am. Webcast Link
06:34 EDTMSFTMicrosoft to launch two high-end Lumia smartphones, WSJ reports
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October 4, 2015
18:23 EDTGOOGGoogle completes Alphabet merger
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13:54 EDTGOOGGoogle, Facebook set to continue dominating web ads, Barron's says
Google (GOOG) and Facebook (FB) are likely to continue dominating online advertising, with Twitter (TWTR), Yahoo (YHOO), and LinkedIn (LNKD) increasingly becoming "distant rivals" as advertisers flock to the two biggest names in the space, Barron's contends in its 'Technology Trader' column. Shares of Google and Facebook "probably have decent upside from here," while the future of Angie's List (ANGI) and Yelp (YELP) looks "less certain," Barron's adds. Reference Link
October 2, 2015
12:09 EDTMSFTMicrosoft acquires Havok from Intel, terms not disclosed
In a company blog post, Microsoft (MSFT) said, "Today, we are proud to announce that Microsoft has acquired Havok, the leading provider of 3D physics, from Intel (INTC). As we welcome Havok to the Microsoft family, we will continue to work with developers to create great gaming experiences, and continue to license Havok's development tools to partners." Reference Link
11:55 EDTGOOGGoogle expects Alphabet merger to close today
Google announced that it expects the Alphabet merger will close after the close of business today, October 2. Google anticipates that shares of Google Class C Capital Stock and shares of Google Class A Common Stock will begin trading as Alphabet Class C Capital Stock and Alphabet Class A Common Stock, respectively, on the NASDAQ on October 5. Shares of Alphabet Class C Capital Stock and shares of Alphabet Class A Common Stock will continue to be traded under the same ticker symbols under GOOG and GOOGL, respectively.
10:23 EDTGOOGAnalyst predicts Facebook-like turnaround for Twitter shares
Twitter (TWTR) shares have been cut in half over the last six months, but an analyst at Deutsche Bank sees a positive sentiment swing like the one that Facebook (FB) has had since 2012 as possible for the microblog operator. POSITIVE NEWS COMING: Deutsche Bank analyst Ross Sandler says he remains "firmly in the bull camp" on Twitter. A host of positive news is forthcoming, including the October 6 launch of Moments, better than expected revenue in the Q3 earnings report, and the filing of the CEO role along with a board re-shuffle. These events should be positive for investor sentiment, Ross told investors in a research note. His channel checks continue to suggest "solid revenue trajectory" for Twitter in most markets, including U.S. direct sales, self-serve and international. Ross believes sentiment on Twitter has "swung too far to the negative," likening the current view on Twitter to where sentiment stood on Facebook in 2012 and recalling when Google (GOOG) went out of favor in the first half of 2015. Ross keeps a Buy rating on Twitter shares with a $50 price target. CEO REPORT: On September 30, Re/code's Kara Swisher and Kurt Wagner reported, citing sources, that Twitter founder and interim CEO Jack Dorsey was set to be named permanent Chief Executive, possibly as soon as yesterday, though no company announced has yet been made. Re/code also reported at the time that Dorsey will remain as CEO of Square, the payments company he also founded. MORE CAUTIOUS STANCE: On September 24, Citi analyst Mark May said his analysis indicated that consensus estimates for Twitter may be too high as they assume "meaningful increases" in monetization, which he believes may prove difficult to realize. May cut his 2015, 2016 and 2017 earnings per share estimates for Twitter well below the consensus estimates and also cut his 2016 revenue estimate to 3% below the consensus. The analyst moved the stock to Citi's "High Risk" designation, given Twitter's recent user trends and his belief that his estimates are unlikely to move up in the near-term, and kept a Neutral rating on the name. PRICE ACTION: Since April 6, Twitter shares have declined roughly 50%, though the stock rose about 1.8% to $25.13 in early trading this morning in a down market. Since closing at $17.73 on September 4, 2012, Facebook shares have advanced to $88.83 in morning trading today.
10:00 EDTGOOGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alexion (ALXN) upgraded to Overweight from Equal Weight at Morgan Stanley... BlackRock (BLK) upgraded to Buy from Neutral at UBS... Dunkin' Brands (DNKN) upgraded to Outperform from Underperform at CLSA... EnPro (NPO) upgraded to Buy from Neutral at Sidoti... Finish Line (FINL) upgraded to Neutral from Sell at Goldman... FutureFuel (FF) upgraded to Buy from Neutral at Roth Capital... Google (GOOG) upgraded to Outperform from Perform at Oppenheimer... Johnson Controls (JCI) upgraded to Buy from Neutral at Nomura... Kennametal (KMT) upgraded to Neutral from Underperform at BofA/Merrill... Lufthansa (DLAKY) upgraded to Buy from Hold at HSBC... Martin Marietta (MLM) upgraded to Buy from Neutral at Longbow... Northern Trust (NTRS) upgraded to Neutral from Sell at UBS... PMC-Sierra (PMCS) upgraded to Positive from Neutral at Susquehanna... Pfizer (PFE) upgraded to Overweight from Equal Weight at Morgan Stanley... Realogy (RLGY) upgraded to Buy from Neutral at Citi... Sarepta (SRPT) upgraded to Outperform from Neutral at Wedbush... Summit Materials (SUM) upgraded to Buy from Neutral at Goldman... TreeHouse (THS) upgraded to Buy from Neutral at BofA/Merrill... Vertex (VRTX) upgraded to Overweight from Equal Weight at Morgan Stanley.
09:47 EDTCSCOCisco to hold a news conference
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09:36 EDTCSCOActive equity options trading on open
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