New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 21, 2014
11:44 EDTLNVGY, MSFT, IBM, AAPL, HPQHP hits 52-week high after solid revenue growth, positive analyst commentary
Shares of diversified technology giant Hewlett-Packard (HPQ) are rising after the company delivered year-over-year revenue growth in the third quarter for the first time in three years. The company also received a wealth of positive analyst commentary. WHAT'S NEW: Last night, HP reported Q3 adjusted earnings per share of 89c and revenue of $27.6B, compared to analysts' consensus estimates of 89c and $27.01B, respectively. Cash flow from operations for the quarter was $3.6B, up 36% from the prior-year period. For the quarter, Personal Systems revenue was up 12% year over year, while Printing revenue was down 4% y/y and Enterprise Group revenue was up 2% y/y. Enterprise Services revenue was down 6% y/y and Software revenue was down 5% y/y. Chief Executive Officer Meg Whitman said her confidence in the company's turnaround is growing stronger, adding that she is "very pleased" with the progress the company has made. Looking ahead, HP forecast fourth quarter adjusted EPS of $1.03-$1.07, compared to consensus of $1.05. Fiscal 2014 adjusted EPS was seen at $3.70-$3.74, compared to analysts' consensus estimates of $3.72. WHAT'S NOTABLE: On the company's earnings conference call, Whitman said HP's product line up is the strongest in years with innovation "alive and well." She said the company expects to end FY14 with $9B in cash flow and will resume share repurchases in Q4. Whitman also noted that mergers and acquisitions will be part of the future, but she would prefer to grow the company organically. In an interview with Reuters, Whitman said that the company is in an improved spot at the moment to pursue acquisition opportunities than it has been in the past year since it now has $4.7B in net cash. Whitman also told CNBC that HP is in a position to "comfortably" do acquisitions. ANALYST REACTION: This morning, analyst commentary was decidedly positive. Morgan Stanley raised its price target on HP to $40 from $36 and believes the return to revenue growth in PC, industry standard server and networking is sustainable and will continue to re-rate shares. The firm has as Overweight rating on the stock. Brean Capital believes if the company can become a consistent earnings grower and have positive normalized revenue growth, the stock could ultimately be a $40-$75 stock. Deutsche Bank, which reiterated a Buy rating and $40 price target on the stock, said HP's Q3 results contained more positive than negatives with the return of revenue growth and a strong performance in PCs. Cantor Fitzgerald raised its 12-month price target on HP to $34.50 from $30.00, though the firm says its long-term trajectory for HP "remains in question." PRICE ACTION: In late morning trading, HP rose $1.76, or about 5%, to $36.90 on heavy trading volume. Earlier in the session, the stock hit a fresh 52-week high of $36.92. Including today's advance, the stock is up approximately 44% over the past 12 months. OTHERS TO WATCH: Other diversified technology companies include IBM (IBM), Lenovo Group (LNVGY), Apple (AAPL), and Microsoft (MSFT).
News For HPQ;IBM;LNVGY;AAPL;MSFT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | all recent news | >>
June 24, 2015
09:18 EDTAAPLApple June quarter iPhone demand strong, says Morgan Stanley
Morgan Stanley's AlphaWise survey indicates 53M iPhone unit demand for the June quarter, unchanged from last month's reading. The firm adds that Apple Watch demand has sustained healthy levls after the initial spike and investor expectations for iPhone and Watch growth are low. Morgan Stanley rates Apple an Overweight with a $166 price target.
09:10 EDTIBMOn The Fly: Pre-market Movers
Subscribe for More Information
07:45 EDTAAPLSharp asking suppliers to cut prices for LCD parts, WSJ says
Subscribe for More Information
06:12 EDTAAPLiPhone 6 resale value suggests strong demand, says Piper Jaffray
Subscribe for More Information
06:07 EDTMSFTJefferies says PC market to stay 'lower for longer'
Subscribe for More Information
06:00 EDTAAPLGoogle held 29 high-level meetings in Brussels in 6 months, Financial Times says
Subscribe for More Information
05:10 EDTIBMIBM, Box announce global partnership
Subscribe for More Information
June 23, 2015
18:27 EDTAAPLLiquidmetal, Apple extend intellectual property agreement
Subscribe for More Information
16:00 EDTAAPLOptions Update; June 23, 2015
iPath S&P 500 VIX Short-Term Futures down 46c to 17. Option volume leaders: AAPL FB AAPL T BAC MU BTU WMB AMZN TWTR BBRY
12:54 EDTAAPL, HPQ, MSFTPC concerns weighing on shares of Seagate, Western Digital
Subscribe for More Information
10:45 EDTIBMIBM calls active after report says Ackman to take on big target
Subscribe for More Information
10:01 EDTIBMIBM up after Post says Ackman to take on big target
Subscribe for More Information
09:36 EDTAAPLActive equity options trading on open
Subscribe for More Information
09:00 EDTAAPLTelus, BCE, Rogers to roll out mobile payments app, Bloomberg reports
Subscribe for More Information
08:04 EDTAAPLApple Watch launch buzz lagging behind other devices, says Bernstein
After analyzing Internet search data, Bernstein estimates that the Internet "buzz" on the Apple Watch was only about 1/3 of the iPhone at its launch and about 1/4 of the iPod at its launch. Based on this data, the firm estimates that Apple will sell only 750,000 units of the Watch in Q3 and 1.3M in Q4. Nonetheless the firm thinks the Watch can be accretive to Apple's gross margins and could generate significant sales volumes going forward. Bernstein keeps a $142 price target and Outperform rating on Apple.
07:41 EDTIBMRed Hat to hold a summit
Red Hat Summit 2015 is being held in Boston on June 23-26 with webcasted company presentations to begin on June 23 at 4 pm; not all presentations may be webcasted. Webcast Link
06:05 EDTMSFTMicrosoft may charge extra licensing fees for high-end notebooks, DigiTimes says
Subscribe for More Information
06:05 EDTAAPL, HPQ, LNVGY, MSFTNo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
06:04 EDTIBM, MSFTOracle says extending enterprise cloud portfolio
At a live event yesterday, Oracle (ORCL) Executive Chairman of the Board and CTO Larry Ellison announced new additions to the Oracle Cloud Platform, a comprehensive, integrated suite of services that make it easier for developers, IT professionals, business users and analysts to build, extend and integrate cloud applications. With more than 24 new cloud services, the Oracle Cloud Platform "extends Oracle's leadership with the world's broadest and deepest portfolio" of SaaS, PaaS and IaaS. Newly available Oracle Cloud services include, Oracle Database Cloud - Exadata, Oracle Archive Storage Cloud, Oracle Big Data Cloud, Oracle Integration Cloud, Oracle Mobile Cloud, and Oracle Process Cloud. The Oracle Cloud Platform helps customers build new applications, extend existing ones, and easily move existing on-premises workloads to the cloud with no application changes. The services are designed to maximize end user experience and productivity; enable developers to manage and analyze data, rapidly develop, test and deploy applications; enable architects to quickly integrate across on-premises and cloud applications; and enable business users to drive rich business insights and enterprise collaboration. With the Oracle Cloud Platform, customers and partners are able to take advantage of the industry-leading Oracle middleware and database software that thousands of global organizations already use to run their own businesses, all delivered via cloud. The extensive level of automation that has been engineered into the Oracle Cloud, results in faster time-to-value, greater innovation, and lower cost for customers. "Oracle is growing really fast. We sold $426M worth of business in SaaS and PaaS last quarter, a 200 percent increase over the same quarter last year. That's an industry record, no company has ever sold that much in just one quarter," said Ellison. "Oracle is the only company on the planet that can deliver a complete, integrated, standards-based suite of services at every layer of the cloud. Those technology advantages enable us to be much more cost-effective than our competitors. Our new Archive Storage service goes head-to-head with Amazon Glacier (AMZN) and it's one-tenth their price."
05:56 EDTLNVGY, MSFT, AAPLEarnings Watch: Analyst says BlackBerry's FY16 targets looking 'unttainable'
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use