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Stock Market & Financial Investment News

News Breaks
May 23, 2014
09:13 EDTHPQ, DDD, VJET, XONEHP CEO says not focused on consumer 3D printing business
Meg Whitman in an interview on CNBC said HP (HP) is focusing on business 3D printing, not consumer 3D printing. Names in the 3D printing space include 3D Systems (DDD), Voxeljet (VJET) and ExOne (XONE).
News For HPQ;DDD;VJET;XONE From The Last 14 Days
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October 23, 2014
07:52 EDTDDDStratasys positioned for good Q3, solid Q4, says Jefferies
Jefferies says its reseller survey indicates Stratasys (SSYS) had a good Q3 and is set for a solid Q4, in contrast to peer 3D Systems (DDD). The firm notes it survey suggests Stratasys is discounting more than 3D, which it attributes to the company reinvesting currency benefits. Jefferies says Stratasys remains its top pick. It has a Buy rating on the stock with a $155 price target.
06:12 EDTDDD3D Systems price target lowered to $37 from $50 at Piper Jaffray
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05:35 EDTDDD3D Systems downgraded to Hold from Buy at Brean Capital
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October 22, 2014
13:11 EDTHPQFirm says Chromebook shipments surged 67% in Q2
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12:50 EDTDDD3D Systems downgraded to Hold from Buy at Deutsche Bank
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12:09 EDTDDDOn The Fly: Midday Wrap
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10:09 EDTDDD, XONEOn The Fly: Analyst Initiation Summary
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09:55 EDTDDD3D Systems tumbles after results, levels to watch
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09:21 EDTDDDOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Dow Chemical (DOW), up 3.7%... iRobot (IRBT), up 12%... Six Flags (SIX), up 13%... GlaxoSmithKline (GSK), up 2%... Broadcom (BRCM), up 7%... Boston Scientific (BSX), up 4.3%... Abbott (ABT), up 1.8%... Yahoo! (YHOO), up 6%. ALSO HIGHER: Blue Earth (BBLU), up 26.4% after CEO says statements in Seeking Alpha blog are "false and misleading."... GW Pharmaceuticals (GWPH), up 5.4% after Epidiolex receives orphan designation from EMA. DOWN AFTER EARNINGS: 3D Systems (DDD), down 15%... Biogen (BIIB), down 7%... Lumber Liquidators (LL), down 13.4%... Norfolk Southern (NSC), down 3%... Angie's List (ANGI), down 8.8%. ALSO LOWER: Nanosphere (NSPH), down 33% after filing secondary, reporting preliminary Q3 revenue... Himax Technologies (HIMX), down 16% after announcing that Google (GOOG) will not exercise an additional investment option in the company... Cree (CREE), down 10.5%, downgraded at DA Davidson and Canaccord following the company's Q1 earnings results... Ocwen Financial (OCN), down 7% after downgraded to Hold at Evercore, downgraded to Neutral at BofA Merrill Lynch... VMware (VMW), down 7.8%, downgraded at Nomura and Raymond James following the company's Q3 results.
09:15 EDTHPQEMC says will not comment on 'speculation, rumors' of talks with Hewlett-Packard
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07:35 EDTDDD3D Systems down 10.7% after reporting preliminary Q3 results, FY14 guidance
07:34 EDTDDD3D Systems sees FY14 EPS 70c-80c, consensus 78c
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07:33 EDTDDD3D Systems reports preliminary Q3 EPS 16c-19c, consensus 21c
Reports Q3 revenue $164M-$169M, consensus $186M. CEO Avi Reichental stated, "We are disappointed that we failed to fully capitalize on the robust demand for our direct metal and consumer products during the quarter. While we worked very hard to deliver these products sooner, achieving manufacturing scale, quality and user experience targets took significantly longer than we had anticipated. Now that we have closed these availability gaps, we expect our revenue growth rate to increase"
October 21, 2014
16:18 EDTDDD3D Systems initiated with an Outperform at Oppenheimer
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16:18 EDTXONEExOne initiated with an Outperform at Oppenheimer
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14:39 EDTHPQHP to unveil 'Sprout' computer with projector, 3D scanner, Re/code reports
HP (HPQ) will unveil a new computing product it is calling "Sprout," which combines a large display with a flat touch-enabled work surface and an overhead assembly combining a projector and a 3-D scanner, at an event next week, reported Re/code, citing sources familiar with the plans. Sprout will be one of several products demonstrated at the event, the report added. Microvision (MVIS) develops high-resolution miniature laser display and imaging engines, though the company is not mentioned anywhere within Re/Code's report. Reference Link
14:34 EDTHPQEarnings Preview: EMC reports after HPQ merger talks said to end
EMC Corporation (EMC) is expected to report third quarter earnings before the bell on Wednesday, October 22, with a conference call scheduled for 8:30 am ET. EMC provides software, hardware and IT services to business customers through its three federated businesses: EMC Information Infrastructure, Pivotal and VMware Virtual Infrastructure, which is represented by EMC’s majority equity stake in VMware (VMW). VMware is expected to report on its own third quarter results after the bell on Tuesday, October 21, with a conference call scheduled for 5:00 pm ET. EXPECTATIONS: For EMC, analysts are looking for earnings per share of 46c on revenue of $6.0B. The consensus range is 44c-49c for EPS and $5.91B-$6.16B for revenue, according to First Call. Along with its last earnings report, EMC raised its FY14 adjusted EPS view to $1.91 from $1.90 and guided to FY14 revenues of $24.58B. Analysts consensus for FY14 EPS and revenue currently stand at $1.91 and $24.55B. For VMware, analysts are looking for earnings per share of 83c on revenue of $1.5B. The consensus range is 81c-85c for EPS and $1.48B-$1.52B for revenue, according to First Call. LAST QUARTER: EMC reported Q2 adjusted EPS of 43c, which matched the consensus expectation. EMC's revenue of $5.9B came in slightly ahead of the $5.83B consensus projection. EMC also accelerated its 2014 share buyback plan, stating that it now expects to repurchase an aggregate of $3B of the company's common stock in 2014. VMware reported Q2 EPS of 81c, versus consensus of 79c, on revenue $1.46B, versus consensus of $1.44B. NEWS: VMware held its "VMWorld 2014" conference from August 24-28, during which the company updated its 2015 guidance. VMware's guidance for revenue growth in the mid teens percentage level and margin expansion of up to one percentage point is positive, RBC Capital analyst Matthew Hedberg wrote in a note to investors on August 26. The same day Cowen analyst Gregg Moskowitz wrote that VMware's FY15 revenue guidance would "likely weigh modestly" on the stock, even though he was not surprised by the outlook. Less than two weeks ago, Elliott Management sent a letter to the board of directors of EMC Corporation detailing its recommendations on the right path forward for EMC, in which Elliott holds a stake. Elliott believes that EMC’s Federation structure obscures enormous value at the company and that the board and management should pursue pathways to recognize this value, including a separation of VMware from Core EMC and/or various M&A opportunities, Elliott wrote. In response, EMC said its directors regularly review and evaluate the company's strategy with a view towards enhancing shareholder value. "Over the past few months, EMC's leadership has met with representatives of Elliott several times and has listened carefully to their ideas, as we do with all of our shareholders," the company said. Last week, HP (HPQ) announced the resumption of its share repurchase program after Reuters reported the company's merger talks with EMC had ended. HP had suspended the buyback program due to "possession of material non-public information." The tech giant said that day that it is "no longer in possession of such information." During September, Re/code reported, citing sources familiar with Oracle's plans, that the company was not interested in acquiring EMC. Meanwhile, Cisco (CSCO) CEO John Chambers also said last month at a Wall Street Journal breakfast that his company is not among the potential merger partners for EMC. Chambers said a deal between the two companies would have been done a "year or two ago" were it to happen, according to Reuters. STREET RESEARCH: On the day after its last earnings report, Brean Capital raised its price target on EMC to $33 from $30, citing the company's aggressive capital return strategy, encouraging core Storage dynamics and potential pent up demand. Tigress Financial, however, downgraded EMC to Buy from Strong Buy, citing valuation. Additionally, VMware estimated that its total available market would reach more than $60B in 2017, versus its estimate last year of a $50B+ total addressable market by 2016, Moskowitz noted. PRICE ACTION: In afternoon trading, EMC shares are up 1% to $27.22, while VMware is fractionally higher at $87.79. Over the last three months, EMC shares have declined almost 4%, while VMware's stock is down about 5.5% in that same time frame.
09:07 EDTHPQFlextronics appoints Michael Mendenhall as Chief Marketing Officer
Flextronics (FLEX) announced that Michael Mendenhall has been appointed to lead the Company's worldwide marketing, branding and communications initiatives. Mendenhall most recently served as the Executive Vice President and Chief Marketing and Communications Officer for Fusion-io. In this role, he was responsible for repositioning the Company's brand and products and played a key role in its successful acquisition by SanDisk (SNDK). Previously, he served as Senior Vice President and Chief Marketing Officer for HP (HPQ) and directed all aspects of corporate marketing operations globally.
October 20, 2014
12:09 EDTHPQIBM hits 52 week low after earnings miss, 2015 profit target dropped
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10:25 EDTHPQIBM CEO says company already has been aggressive on changing
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