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October 7, 2015
06:00 EDTADBEAdobe lowered guidance is 'defensible,' says Jefferies
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05:36 EDTADBEAdobe should be bought on any pullback, says JPMorgan
JPMorgan analyst Sterling Auty recommends using any pullback in shares of Adobe from the company's weaker than expected FY16 guidance as a buying opportunity. Currency moves and further subscription shift impact the outlook, Auty tells investors in a research note. He believes Adobe's FY18 cash flow is attractive and raised his price target for shares to $95 from $91.
October 6, 2015
18:58 EDTADBEOn The Fly: After Hours Movers
DOWN AFTER EARNINGS: Yum! Brands (YUM), down 16.7%. ALSO LOWER: Advaxis (ADXS), down 25.3% following its report of a clinical hold of axalimogene filolisbac... ContraVir (CTRV), down 11.8% after filing to sell common stock and warrants... Adobe (ADBE), down 3.7% after providing growth target guidance for fiscal 2015 through fiscal 2018 and fiscal 2016 guidance... McDonald's (MCD), down 2%, Starbucks (SBUX), down 1.3% following Yum! Brands results.
17:49 EDTADBEAdobe sees about 50c of potential impact to FY16 Non-GAAP EPS
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16:32 EDTADBEStarbucks names Gerri Martin-Flickinger Chief Technology Officer
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16:14 EDTADBEAdobe down 12.7% after giving FY15-FY18 growth target guidance, FY16 guidance
16:14 EDTADBEAdobe sees FY16 Digital Media segment revenue up about 20% year-over-year
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16:11 EDTADBEAdobe sees FY16 EPS about $2.70, consensus $3.19
Sees FY16 total Adobe revenue approximately $5.7B, consensus $5.93B.
16:10 EDTADBEAdobe sees total addressable market to grow to about $48B by FY18
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16:09 EDTADBEAdobe targets greater than 20% CAGR between FY15-FY18 in Digital Media revenue
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16:05 EDTADBEAdobe targets 30% Non-GAAP EPS CAGR between FY15-FY18
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15:25 EDTAMZN, IBMAmazon cloud announcement unlikely to sink Splunk, analysts say
Amazon (AMZN) appears to be signaling an expanded presence in cloud-based data analytics, sending shares of incumbents in the space lower and prompting several analysts to weigh in on the e-commerce giant's potential impact. AMAZON CLOUD: Amazon is expected to announce a new "big data" analytics addition to Amazon Web Services, according to an October 4 Wall Street Journal report. The article follows the launch last week of Amazon Elasticsearch, adding further data crunching capabilities to the company's cloud computing platform. Commenting on the news, William Blair analyst Bhavan Suri said that Splunk (SPLK) investor concerns over Amazon are overblown. Elasticsearch is likely to remain primarily a document search platform rather than a direct competitor to Splunk's offerings, while Amazon's expected analytics announcement looks more likely to challenge Tableau (DATA) and Qlik (QLIK), the analyst argues. Meanwhile, FBR analyst Daniel Ives said that a tangential move into the data analytics space "makes a ton of strategic and financial sense" for Amazon, as the market is only about 10% penetrated despite aggressive expansion from Microstrategy (MSTR), IBM (IBM), Microsoft (MSFT), SAP (SAP), and others. That said, Ives cautioned that Amazon's ability to again disrupt the cloud space with this latest entry appear limited in the near term, with many companies already showing preference for pure-play analytics firms. Amazon may ultimately have to make a larger acquisition by picking up a Qlik, Tableau, or Splunk to gain traction, the analyst contended. PRICE ACTION: Splunk shares are down fractionally in afternoon trading after some earlier volatility, while Tableau and Qlik are showing respective losses of roughly 3.14% and 1.86%.
13:06 EDTAMZNAWS, Rackspace pact a sign of consolidation, says Piper Jaffray
Piper Jaffray analyst Gene Munster views the partnership between Amazon Web Services (AMZN) and Rackspace (RAX) as another sign that market offerings are consolidating. The cloud space is set to continue to consolidate toward key winners AWS, Azure and Google (GOOG), Munster tells investors in a research note. He views AWS as the key driver for Amazon shares and the rollout of SaaS products as the next major catalyst. The unit could be worth north of $100B, Munster estimates. He reiterates an Overweight rating on Amazon with a $650 price target.
12:52 EDTAMZNCitron predicts Wayfair shares going to $20
Citron Research reiterated its cautious stance on Wayfair (W) by tweeting out a link to a Re/code story titled, "Amazon Is Absolutely Eviscerating Other Retailers Online, New Survey Shows." The short selling blog expects Wayfair shares to go to $20. The stock is currently trading at $38.52. Citron tweeted, "$AMZN Is Eviscerating retailers $W is a joke as insiders dump. Analysts- AMZN is bigger than "de- nile"- C U at $20."
11:51 EDTWMTWal-Mart, Visa in talks to end $5B processing fees suit, Bloomberg says
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09:18 EDTAMZNRackspace announces agreement with Amazon Web Services
Rackspace (RAX) announces an agreement with Amazon Web Services (AMZN), under which Rackspace will offer "tools, expertise, application management, and operational support" to customers on the AWS Cloud. The core offering, Fanatical Support for AWS, plus three additional beta offerings -- Managed Security for AWS, Compliance Assistance for AWS, and Managed Cloud for Adobe Experience Manager -- reflect Rackspace's "strategy of delivering best in class expertise and support for the world's leading technologies and platforms," it stated. Rackspace also has become an Amazon Web Services authorized reseller, completed the audit to become a Managed Services Partner, and is joining the AWS Partner Network at the Advanced Consulting Partner level with over 100 certified AWS engineers.
09:01 EDTADBEStratasys, Adobe partner to bring 3D printing to creative professionals
Stratasys Ltd. (SSYS) announced that they are partnering with Adobe (ADBE) to bring high quality, color 3D printing to creatives around the world. The announcement was made today in Los Angeles at Adobe MAX. The two companies are joining forces to eliminate the workflow and product barriers that prevent creative professionals from easily transforming their designs into vibrant and durable color 3D printed models. As the first step of this vision, starting immediately, Adobe Photoshop CC users will be able to send 3D files for production through Stratasys Direct Express.
08:53 EDTAMZNSplunk investor concerns over Amazon overblown, says William Blair
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06:22 EDTJCPStocks with implied volatility below IV index mean; JCP AAL
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06:21 EDTAMZNRoughly 44% of online shoppers turn to Amazon first, Re/code reports
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