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Stock Market & Financial Investment News

News Breaks
March 26, 2014
06:06 EDTGRPN, SYMCStocks with implied volatility below IV index mean; GRPN SYMC
Stocks with implied volatility below IV index mean; Groupon (GRPN) 55, Symantec (SYMC) 28 according to iVolatility.
News For GRPN;SYMC From The Last 14 Days
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April 20, 2015
10:00 EDTSYMCOn The Fly: Analyst Upgrade Summary
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08:37 EDTGRPNKKR, Anchor Equity to acquire controlling stake in Groupon's Ticket Monster
Private equity investor Anchor Equity Partners and global investment firm KKR (KKR) have signed a definitive agreement to acquire a controlling stake in leading South Korean mobile commerce company Ticket Monster from Groupon (GRPN). Anchor and KKR, in conjunction with TMON’s management, will jointly acquire a controlling stake in TMON and will inject new capital into the company to help fund its future growth opportunities. Anchor and KKR will hold equal stakes in the company. Some of the world’s largest pension, sovereign wealth funds and institutional investors, including the Canada Pension Plan Investment Board and Pavilion Capital, will also be participating as investors in this transaction. Groupon, which acquired TMON in January 2014, will retain a fully diluted 41% minority stake in the company. The investment is based on a $782M fully diluted valuation of TMON. KKR and Anchor will work closely with TMON’s co-founder and CEO Dan Shin and the management team to grow the business. The transaction is expected to close in the second quarter of 2015, subject to regulatory and customary closing conditions.
08:35 EDTGRPNGroupon continues to see FY15 adjusted EBITDA greater than $315M
08:35 EDTGRPNGroupon raises Q1 adjusted EPS view to 1c-3c from 0c-2c
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08:33 EDTGRPNGroupon board approves new $300M share repurchase program
Groupon announced its Board of Directors has approved a new $300M share repurchase program, subject to the closing of the TMON sale. The authorization includes the flexibility for accelerated repurchases and purchases over time in the open market in accordance with our current practice. The new plan is expected to commence with the closing of the TMON sale and will run through August of 2017. Groupon expects to continue repurchases under its existing $300M share repurchase program approved in 2013. That program had $83M of authorized repurchases remaining as of March 31, 2015, and is set to expire in August of 2015. Share repurchases are subject to market conditions and other factors.
08:33 EDTGRPNGroupon agees to sell 46% stake in Ticket Monster to KKR for $360M
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05:49 EDTSYMCSymantec upgraded to Hold from Underperform at Jefferies
Jefferies upgraded Symantec to Hold citing a lack of negative catalysts and potential breakup scenarios following the company's analyst day. The firm raised its price target for shares to $21 from $20.
April 17, 2015
13:31 EDTSYMCSymantec approached NetApp, EMC about potential Veritas sale, Bloomberg says
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13:19 EDTSYMCSymantec May volatility elevated on wide price movement
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April 14, 2015
10:00 EDTGRPNGroupon core business still key to valuation, says Piper Jaffray
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07:00 EDTGRPNKKR investor consortium close to deal to buy stake in Ticket Monster, WSJ says
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April 13, 2015
10:48 EDTSYMCOptions with increasing implied volatility
Options with increasing implied volatility: CLDN WETF EWH FOSL FXI TLM PRGO ATHN SYMC MAC
09:59 EDTSYMCSymantec split would be positive, says Wells Fargo
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09:33 EDTSYMCSymantec sale of Veritas would be good outcome, says Cowen
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08:06 EDTSYMCSymantec expands Incident Response Services globally
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07:08 EDTSYMCSources: Symantec exploring Veritas sale 'for months,' Reuters reports
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06:47 EDTSYMCPalo Alto, FireEye remain Piper's favorite security ideas
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April 12, 2015
18:11 EDTSYMCEx-hacker says many capable of launching Sony-style cyber attack, CNET says
Ninety percent of companies are vulnerable to a Sony (SNE)-like cyber attack security experts tell "60 Minutes," CNET says. Companies in the cyber security space include Barracuda (CUDA), FireEye (FEYE), Check Point (CHKP), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Qualys (QLYS), Symantec (SYMC) and Proofpoint (PFPT). Reference Link
April 11, 2015
15:01 EDTSYMCSymantec to hold analyst day
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