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Stock Market & Financial Investment News

News Breaks
October 4, 2012
07:42 EDTINFAInformatica revenue shortfall in European ops negatively impacting Q3 EPS by 2c
CEO Sohaib Abbasi commented: "While overall customer demand for our products increased from Q2 to Q3 of 2012, most of our revenue shortfall in Q3 was in Europe, where we fell well short of our own expectations. Despite improving operational results in the U.S. and Asia Pacific relative to our Q2 of 2012 results, the disappointing European results reflect continued operational challenges that we are taking aggressive steps to address. Under our new worldwide sales leader, we remain focused on implementing the changes necessary to pursue our market opportunity." CFO Earl Fry commented: "As we have previously stated, our tax rate is very sensitive to the geographic mix of business."
News For INFA From The Last 14 Days
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January 28, 2015
09:59 EDTINFAOn The Fly: Analyst Downgrade Summary
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08:38 EDTINFAInformatica downgraded to Hold from Buy at Evercore ISI
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06:01 EDTINFAInformatica downgraded to Hold from Buy at Evercore ISI
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January 27, 2015
16:17 EDTINFAInformatica announces $500M stock repurchase program
Informatica announced a $500M stock repurchase program. Informatica's Board of Directors has approved an additional $337M to augment its existing authorization under the company's stock repurchase program. Informatica plans to repurchase an aggregate of $500M of common stock, through a $300M accelerated share repurchase, or ASR, program to begin within the next week and subsequent open market purchases or privately negotiated transactions
16:15 EDTINFAInformatica reports Q4 non-GAAP EPS 56c, consensus 51c
Reports Q4 revenue $303.7M , consensus $296.14M.
15:26 EDTINFAInformatica asking price to high, says dealReporter
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13:29 EDTINFAInformatica reached out to potential buyers, WSJ reports
Informatica is working with Qatalyst Partners and has reached out to potential buyers, Wall Street Journal reports, citing people familiar with the matter. The software company could attract interest from peers or private-equity, the Journal adds, citing sources. Activist investor Elliott Management yesterday disclosed an 8% stake in Informatica and said it is initiating talks with management. Bloomberg reported after the filing that Elliott will push the company for a sale of leveraged buyout. The stock jumped 4% to $42.64 following the Journal's report. Reference Link
13:22 EDTINFAInformatica calls active after report of contacting potential buyers
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13:08 EDTINFAInformatica jumps 3% after WSJ report of contacting potential buyers
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13:07 EDTINFAInformatica working with Qatalyst Partners to find buyer, WSJ reports
January 26, 2015
13:58 EDTINFAElliott to push Informatica for sale or LBO, Bloomberg reports
Elliott Management, after reporting an activist stake today in Informatica, plans to push the software provider to sell itself to private equity or another technology company, Bloomberg reports, citing a person with knowledge of the matter. Shares of Informatica are up 5% to $40.42 after Elliott disclosed an 8% stake in the company and said it initiated talks with management. Reference Link
13:44 EDTINFAInformatica shares higher by over 5% after Elliott Associates discloses stake
13:42 EDTINFAElliott reports 8% stake Informatica, initiates dialogue
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January 23, 2015
10:02 EDTINFAOn the Fly: Analyst Initiation Summary
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January 22, 2015
16:27 EDTINFAInformatica initiated with a Market Perform at Cowen
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January 20, 2015
08:01 EDTINFAInformatica weakness could increase chances of sale of company, says Stifel
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