New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 26, 2014
06:23 EDTLNVGY, IBMIBM, Lenovo grappling with U.S. security concenrs, WSJ reports
IBM (IBM) and Lenovo (LNVGY) are working through ways to resolve U.S. security concerns over the proposed sale of IBM's computer-servers business to Lenovo that remains in limbo, reports the Wall Street Journal. According to people familiar with the matter, the U.S. government is investigating security issues around IBM's x86 servers, which are used in the nation's communications networks and in data centers that support Pentagon computer networks. U.S. security officials are worried the servers could be accessed remotely by Chinese spies or hackers, or compromised through maintenance. Reference Link
News For IBM;LNVGY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
July 21, 2015
08:48 EDTIBMMajesco extends cloud platform for insurance software on IBM's SoftLayerIBM
Subscribe for More Information
07:38 EDTIBMIBM risk/reward positive, says Stifel
Subscribe for More Information
July 20, 2015
19:55 EDTIBMIBM falling after Q2 earnings shows further decline in revenues
After the close, IBM (IBM) reported second quarter earnings and backed its fiscal 2015 guidance. WHAT'S NEW: IBM reported Q2 earnings per share of $3.84, above consensus estimates of $3.78, and Q2 revenue of $20.8B, below analyst expectations of $20.95B. IBM said Global Technology Services segment revenues were down 10% percent, Software segment revenues were down 10%, and Systems Hardware segment revenues were down 32%, although IBM noted that revenues from the its strategic imperatives -- cloud, analytics, and engagement -- increased more than 20% year-to-date. The company also backed its FY15 EPS guidance of $15.75-$16.50, against a consensus of $15.88. During the earnings conference call, management said the company expected Q3 revenue to be similar to that of Q1, which was $19.6B, below the Q3 revenue consensus of $19.98B. WHAT'S NOTABLE: On its conference call, IBM stated that it expects the currency impact for FY15 to be worse than it anticipated 90 days ago. ANALYST REACTION: Research firm Cantor put out a note following the earnings announcement stating that IBM delivered a "healthy Q2" and the firm maintained its Buy rating and $198 price target on the stock. The firm added that "IBM represents an attractive value" due to its 3% dividend yield and 35% P/E discount to the S&P 500. PRICE ACTION: Shares of IBM are down 5.2% to $164.25 in after-hours trading.
19:02 EDTIBMOn The Fly: After Hours Movers
Subscribe for More Information
17:20 EDTIBMIBM sees currency impact for FY15 worse than saw 90 days ago
Subscribe for More Information
17:01 EDTIBMIBM sees Q3 revenue similar to Q1 revenue
Subscribe for More Information
16:41 EDTIBMIBM Q2 Cloud revenue up more than 50% as reported
Subscribe for More Information
16:17 EDTIBMIBM revenues from strategic imperatives up more than 20% year-to-date
Revenues from the companys strategic imperatives --- cloud, analytics, and engagement --- increased more than 20% year-to-date, more than 30% adjusting for currency and the divested System x business. Total cloud revenues increased more than 50%, more than 70% adjusting for currency and the divested System x business year-to-date, and is $8.7B over the last 12 months, adjusted for the divested System x business. The annual run rate for cloud delivered as a service -- a subset of the total cloud revenue -- increased to $4.5B from $2.8B in the second quarter of 2014. Revenues from business analytics increased more than 10%, more than 20% adjusting for currency, year-to-date. Revenues from mobile more than quadrupled, and social revenues increased more than 30%, more than 40% adjusting for currency, both year-to-date.
16:13 EDTIBMIBM reports Q2 revenue from Systems Hardware down 32%
Subscribe for More Information
16:10 EDTIBMIBM reports Q2 revenues from the Software segment were doen 10%
Revenues from the Software segment were down 10% to $5.8B, down 3% adjusting for currency compared with the second quarter of 2014. Revenues from IBMs key middleware products, which include WebSphere, Information Management, Tivoli, Workforce Solutions and Rational products, were $4B, down 7%, flat adjusting for currency, year-to-year. Operating systems revenues of $0.4B were down 17% percent, down 9% percent adjusting for currency year-to-year.
16:08 EDTIBMIBM reports Q2 Global Technology Services revenues down 10%
Global Technology Services segment revenues were down 10% percent, up 1% percent adjusting for currency and the divested System x business, to $8.1B. Global Business Services segment revenues were down 12%, down 3 percent adjusting for currency, to $4.3B. The estimated services backlog as of June 30 was $122B, up more than 1% year-to-year adjusting for currency.
16:06 EDTIBMIBM backs FY15 EPS $15.75-$16.50, consensus $15.88
Subscribe for More Information
16:04 EDTIBMIBM reports Q2 EPS $3.84, consensus $3.78
Subscribe for More Information
16:01 EDTIBMOptions Update; July 20, 2015
Subscribe for More Information
15:10 EDTIBMIBM July weekly 172.5 straddle priced for 4.1% movement into Q2
Subscribe for More Information
15:07 EDTIBMIBM July weekly volatility elevated into Q2 and outlook
IBM July weekly call option implied volatility is at 48, August is at 23, September is at 19 compared to its 52-week range of 12 to 28, suggesting large near term price movement into the expected release of Q2 results on July 20.
15:01 EDTIBMNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include IBM (IBM), consensus $3.78... Canadian National Railway (CNI), consensus $1.05... Crown Holdings (CCK), consensus $1.01... Zions Bancorp (ZION), consensus 38c... Hexcel (HXL), consensus 61c... Brown & Brown (BRO), consensus 44c... Steel Dynamics (STLD), consensus 22c... Werner (WERN), consensus 42c.
13:28 EDTLNVGYSamsung most popular smartphone maker in Q2, TrendForce says
Samsung (SSNLF) was the most popular smartphone maker in the second quarter, even though the smartphone market has started to slow down, according to data from research firm TrendForce. Smartphone shipments will grow 8.2% year over year in 2015, though that's down from the previously anticipated growth rate of 11.6%, the report says. Samsung has led in smartphone shipments with a second-quarter growth of 26.8%. However, Galaxy S6 and S6 Edge's annual shipment forecast has been marked down repeatedly. TrendForce has also revised Samsung's annual smartphone shipments downwards to 45M units this year. As Chinese vendors are taking more shares of the low- to mid-range product market, Samsung's ability to reverse its fortune may hinge on the success of its Galaxy Note 5. If this device is able to attract consumers with upgraded specs and new features, then Samsung will avoid the high possibility of negative shipment growth for this year. Apple (AAPL) rode on the popularity of iPhone 6 and iPhone 6 Plus in this year's first half and achieved a remarkably strong shipment result in the off-peak season. The next-generation iPhone due to be launched this year offers no major changes in appearance, but Apple has given the device a new A9 processor and upgraded its memory to 2GB LPDDR4 for the first time. These improvements along with the Force Touch module and a camera featuring a possible resolution of 12MP will give the next iPhone a huge boost. Thus, TrendForce's iPhone shipment forecast for this year continues to be very positive with a high growth of 15% upwards. Lenovo (LNVGY) has fallen to No. 6 in the global shipment ranking and is expected to see a 20%-30% decline in this year's shipments. Lenovo's market share did not double as anticipated after its takeover of Motorola in 2014. Moreover, Lenovo did not have a well-defined product positioning strategy and the brand faced strong competition from challengers offering lower-priced smartphone models.
12:40 EDTIBMEarnings Watch: IBM up 4% since last quarterly report
Subscribe for More Information
10:45 EDTIBMIBM technical comments ahead of earnings
Subscribe for More Information
1 | 2 | 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