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Stock Market & Financial Investment News

News Breaks
August 20, 2014
15:26 EDTSMTC, LB, CRMT, CACI, HPQ, PLKI, SNPSNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Hewlett-Packard (HPQ), consensus 89c; L Brands (LB), consensus 62c; Synopsys (SNPS), consensus 60c; CACI International (CACI), consensus $1.43; Semtech (SMTC), consensus 39c; Popeyes Louisiana Kitchen (PLKI), consensus 39c; America's Car-Mart (CRMT), consensus 60c.
News For HPQ;LB;SNPS;CACI;SMTC;PLKI;CRMT From The Last 14 Days
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February 24, 2015
15:21 EDTHPQNotable companies reporting after market close
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13:46 EDTHPQHP technical notes before results
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13:35 EDTHPQHP February weekly 38 straddle priced for 4.6% movement into Q1
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12:47 EDTHPQEarnings Preview: HP reports with break-up inching closer
Hewlett-Packard (HPQ) is set to report first quarter earnings after the market close on Tuesday, February 24, with a conference call scheduled for 5:00 pm ET. Hewlett-Packard is an IT company that provides hardware, software, and business and enterprise solutions. In October of last year, HP announced plans to separate into two new publicly traded companies: one comprising HP's enterprise technology infrastructure, software and services businesses, which will do business as Hewlett-Packard Enterprise, and one that will comprise HP's personal systems and printing businesses, which will do business as HP Inc. EXPECTATIONS: Analysts are looking for earnings per share of 91c on revenue of $27.34B, according to First Call. The consensus range for EPS is 88c-95c on revenue of $27.01B-$27.92B. With its last earnings report, the company said it expects Q1 EPS of 89c-93c. HP has an FY15 EPS forecast of $3.83-$4.03, compared to a consensus estimate of $3.96. LAST QUARTER: On November 25, HP reported fourth quarter EPS of $1.06, matching the consensus estimate, on revenue of $28.4B, against a consensus estimate of $28.76B. HP said its Q4 personal systems revenue was up 4% from the prior year period, with total units up 5%, including Desktops units being down 2% and Notebooks units being up 8%. Enterprise Group revenue was down 4% year over year, with Industry Standard Servers revenue down 2%, Storage revenue down 8%, Business Critical Systems revenue down 29%, Networking revenue up 2% and Technology Services revenue down 3%. NEWS: On the day after HP's Q4 report, HP CEO Meg Whitman said in an interview on CNBC that the company will have a moratorium on acquisitions during 2015 as it readies for its split. Whitman also noted that the newly formed companies will have a supply chain agreement to ensure they do not lose leverage after their split. In mid January, research firm Gartner estimated that worldwide shipments of PCs increased 1% last quarter. "These results indicate a slow, but consistent improvement following more than two years of decline," the firm wrote. Late last month, HP said it has been "working diligently to ensure that both HP Inc. and Hewlett-Packard Enterprise are set up for success" and announced Hewlett-Packard Enterprise will be headed by Meg Whitman as President and CEO and that HP Inc. will be led by Dion Weisler as President and CEO. STREET RESEARCH: On December 17, Citigroup analyst Jim Suva contended that sales of PCs will be at least flat next year, before growing slightly in 2016 and 2017. The firm identified HP as the best way to play better than expected PC sales. Suva raised his price target on HP shares to $46 from $40 and kept a Buy rating on the stock. Also at that time, Suva raised his price target on hard disk drive maker Western Digital (WDX) to $125 from $110 and on its competitor, Seagate (STX), to $74 from $70, as he noted that the companies obtain about 50% of their revenue from PCs. He kept Buy ratings on both names. On January 13, Pacific Crest downgraded HP to Sector Perform from Outperform, citing increased competition and the fact that a number of companies are buying integrated IT stacks and buying fewer individual servers and IT storage products. More recently, Wells Fargo said it believes that HP's Q1 results could exceed the consensus outlook, driven by PC share gains, strong server demand, and solid printing demand. The firm believes that currency issues may pressure the company's outlook, but it thinks that investors expect such a scenario. The firm reiterated an Outperform rating on the shares. PRICE ACTION: Over the last three months, shares of HP are up almost 2%. Near midday ahead of Tuesday's report, the stock was down fractionally near $38 per share.
08:01 EDTCACICACI says awarded $38M Navy contract
CACI International announced today it was awarded a $38M contract to provide test, evaluation, and information assurance services to the Naval Surface Warfare Center Dahlgren Division in Dahlgren, Virginia. This five-year -- one base year plus two option years and two award term years -- contract represents new business for CACI, growing the company’s presence in its C4ISR market area. Under this contract, CACI will perform test, evaluation, and information assurance services to support the Strategic and Weapon Control Systems Department in ensuring that strategic and tactical weapon and fire control missile systems are fully operational and certified to Navy-required standards before they are deployed.
06:54 EDTHPQTwo reshuffles in HP's cloud computing unit, Gigaom says
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06:36 EDTHPQHP obtains ten year outsourcing deal from Deutsche Bank, Reuters reports
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February 23, 2015
08:55 EDTHPQHP volatility elevated into Q1 and outlook
HP February weekly call option implied volatility is at 61, March is 30, April is at 28, August is at 27; compared to its 26-week average of 27 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on February 24.
08:05 EDTCACICACI awarded prime position valued at $23M on DCNO, MPTE contract
CACI International was awarded a prime position with a total potential value of $23M on a contract to provide analysis, modeling, and consulting in support of the Deputy Chief of Naval Operations for Manpower, Personnel, Training & Education. This four-year multiple-award, indefinite delivery/indefinite quantity contract represents new work for CACI, growing the company’s presence in its Business Systems market area. The DCNO MPTE N1 provides all planning, programming, policy, and execution of manpower, personnel, training, and education activities in order to provide the Navy operating forces with trained personnel to support the missions assigned by the National Command Authority. CACI will compete for task orders within nine different functional areas to provide analysis, modeling, and consulting services to support MPTE program/policy development, execution, analysis, and justification.
07:40 EDTHPQHP Q1 results could beat expectations, says Wells Fargo
Wells Fargo believes that HP's Q1 results could exceed the consensus outlook, driven by PC share gains, strong server demand, and solid printing demand The firm believes that currency issues may pressure the company's outlook, but it thinks that ivnestors expect such a scenario. The firm reiterates an Outperform rating on the shares.
February 20, 2015
07:27 EDTHPQHP volatility elevated into Q1 and growth outlook
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February 19, 2015
08:45 EDTHPQHP launches open network switches for web scale cloud data centers
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February 18, 2015
18:55 EDTSNPSOn The Fly: After Hours Movers
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18:00 EDTCRMTAmerica's Car-Mart reports Q3 ex-items EPS 68c, consensus 77c
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16:26 EDTSNPSSynopsys sees FY15 EPS $2.75-$2.80, consensus $2.72
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16:24 EDTSNPSSynopsys sees Q2 EPS 62c-64c, consensus 65c
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16:23 EDTSNPSSynopsys reports Q1 EPS 80c, consensus 62c
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15:35 EDTSNPSNotable companies reporting after market close
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10:02 EDTHPQe.Digital Corporation files patent infringement lawsuits against HP, others
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06:15 EDTHPQHP Q1 sales should be in-line despite currency, says Citigroup
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