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Stock Market & Financial Investment News

News Breaks
May 12, 2014
10:19 EDTALU, VGR, ADSK, IMAX, BWAHigh option volume stocks: IMAX VGR BWA ADSK ALU
News For IMAX;VGR;BWA;ADSK;ALU From The Last 14 Days
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August 27, 2015
18:52 EDTADSKOn The Fly: After Hours Movers
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16:29 EDTADSKAutodesk shares fall 7.5% following earnings report
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16:09 EDTADSKAutodesk sees shift to new subscription types, says refining plans
"We continue to see customers adopt our new model subscription offerings... For the past two years we've been preparing for this transition and we're now ready to accelerate the process... As a reminder, Autodesk is undergoing a business model transition in which the company will discontinue selling new perpetual licenses in favor of subscriptions and flexible license arrangements. During the transition, billings, revenue, gross margin, operating margin, EPS, deferred revenue, and cash flow from operations will be impacted as more revenue is recognized ratably rather than up front and as new offerings bring a wider variety of price points... Looking at 2H, we are maintaining our billings and subscriptions outlook but we're now expecting a greater portion of our sales to shift from perpetual licenses to new subscription types. Since the revenue from these new subscription types is deferred and recognized ratably we have revised our revenue, operating margin and EPS outlook for the year. Looking beyond this year, we are currently refining our plans around the pace and timeframe for the business model transition," said the company.
16:06 EDTADSKAutodesk sees FY16 adjusted EPS 60c-72c, consensus $1.04
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16:05 EDTADSKAutodesk sees Q3 adjusted EPS 5c-10c, consensus 24c
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16:04 EDTADSKAutodesk reports Q2 adjusted EPS 19c, consensus 17c
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16:02 EDTADSKAutodesk to acquire Internet of Things company SeeControl
Autodesk has signed an agreement to acquire SeeControl, a San Francisco-based developer of an enterprise Internet of Things cloud service platform. "The acquisition of SeeControl is the first step on Autodesk's ongoing efforts to develop new technologies and solutions that will help our customers leverage the Internet of Things, starting by enabling them to capture, analyze, and utilize data from their products," said Autodesk. Autodesk intends to continue to sell and support the SeeControl platform and to incorporate the technology into design solutions for the manufacturing and building industries. Autodesk also plans to develop a new IoT solution based on the SeeControl technology that will allow companies to gain "real world insights" of how their products perform. This transaction is expected to close during Autodesk's fiscal quarter ending October 31. Terms were not disclosed. This transaction is expected to have no impact on Autodesk's guidance issued August 27.
16:01 EDTADSKAutodesk trading halted, pending news
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15:08 EDTADSKAutodesk September 50 straddle priced for 9.1% movement into Q2
14:58 EDTADSKNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Autodesk (ADSK), consensus 17c... ULTA Beauty (ULTA), consensus $1.12... Splunk (SPLK), consensus 2c... GameStop (GME), consensus 25c... Veeva (VEEV), consensus 11c... OmniVision (OVTI), consensus 39c... Aeropostale (ARO), consensus (55c).
12:09 EDTADSKAutodesk technical notes ahead of earnings news
In the context of a longer-term chart, there is a major topping process underway in the shares. For the current earnings report this is an issue as price is very close to the $50 level. A move below $50 on negative news would confirm the long-term topping process was underway. Next support levels to watch as potential downside objectives would be at $47.86, $44.76, and $42.49. If the news is a bullish surprise, the topping process would become less of an issue as long as price reacts up from the $50 area. Next resistance levels of note would be at $51.70, $55.41, and $57.59.
08:18 EDTBWABorgWarner price target lowered to $56 from $66 at Susquehanna
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August 26, 2015
15:05 EDTIMAXNew 'Star Wars' film will monopolize IMAX for a month, Hollywood Reporter says
Disney's (DIS) "Star Wars: The Force Awakens," which will be released December 18, will have four weeks of IMAX (IMAX) large-format screens to itself, according to the Hollywood Reporter, after IMAX reserved all of its screens for the movie for a month, something the company hasn't done since a similar deal with The Hobbit movies four years ago. Reference Link
August 25, 2015
13:42 EDTADSKAutodesk volatility elevated into Q2 and outlook
Autodesk September call option implied volatility is at 46, October is at 40, January is at 35; compared to its 52-week range of 21 to 48, suggesting large near term price movement into the expected release of Q2 results on August 27.
August 20, 2015
14:39 EDTALUEarnings Watch: Hewlett-Packard reports ahead of company split
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08:12 EDTADSKAutodesk weakness post earnings should be bought, says Cowen
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07:33 EDTIMAXIMAX and Shanghai Film Corp. sign five-theater expansion in China
IMAX announced an agreement with Shanghai Film Corporation and its subsidiary, Shanghai United Circuit Co., for five additional IMAX theatres in China. Four of the theatres will be located in existing multiplexes in Hangzhou, Qingdao, Shenzhen and Chengdu, with another to be added to a new development in Changzhou. Over the past year, the parties have signed agreements for 26 theatres.
August 18, 2015
12:45 EDTBWAAuto parts suppliers upgraded as UBS sees China concerns exaggerated
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06:06 EDTBWALear upgraded to Buy from Neutral at UBS
UBS analyst Colin Langan upgraded Lear Corporation to Buy citing the recent pullback in shares. The company's "strong" free cash flow limits the downside risk of shares, Langan tells investors in a research note. The stock is down 11% from the June peak despite Lear's raised margin outlook for 2015, the analyst points out. He views selloff in the U.S. Auto Parts sector as buying opportunity for investors and also upgraded BorgWarner (BWA) this morning to Buy. Langan raised his price target for Lear shares to $124 from $115.
06:01 EDTBWABorgWarner upgraded to Buy from Neutral at UBS
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