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Stock Market & Financial Investment News

News Breaks
June 9, 2014
08:41 EDTFFIV, WDC, HPQ, STX, ATEN, SNDK, INTCSeveral companies could benefit from data center upgrade, says Pacific Crest
Pacific Crest believes that Intel's (INTC) Grantley microporcessor, due to ship later this year, and the discontinuation of Windows Server 2003, could spark a data center upgrade cycle. The firm says that a data center revival would be most positive for Intel, Seagate (STX), Western Digital (WDC), SanDisk (SNDK), Hewlett-Packard (HPQ), F-5 Networks ( FFIV), and A10 Networks (ATEN). The firm keeps Outperform ratings on all the stocks named.
News For INTC;STX;WDC;SNDK;HPQ;FFIV;ATEN From The Last 14 Days
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October 8, 2014
13:20 EDTFFIVF5 Networks shares overvalued, says Northland
Northland believes F5 Networks shares are overvalued due to lower growth, competitor guidance reduced due lengthening U.S. sales cycles, and lack of priority spending for ADC's. Shares are Market Perform rated with a $110 price target.
13:08 EDTWDC, STXWestern Digital to pay $630.4M award to Seagate after court ruling
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12:46 EDTSTXSeagate mentioned positively regarding a contract win at Craig-Hallum
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11:04 EDTHPQEMC advances after activist letter, report on HP merger talks
Shares of EMC (EMC) are rising slightly in a down market after activist investor Elliott Management disclosed that it wrote in a letter to the company's board that it had heard of "acquisition interest in EMC's assets on the part of several large companies." The firm called on EMC to pursue M&A opportunities and spin off its VMware (VMW) subsidiary. WHAT'S NEW: Since July, several large companies have expressed "acquisition interest" in EMC's assets, Eliiott wrote. Acquisitions of EMC's assets by these companies would be logical from a strategic perspective, the firm added. The parties that have expressed interest could afford to buy all of EMC or a number of its assets, according to Elliott. EMC should look to spin off VMware because owning VMware is holding down the value of EMC's stock and damaging its relationship with its customers, the investor stated. VMware is hurting EMC by competing with EMC's customers, Elliott explained. Elliott Management noted that is affiliates collectively own or have economic exposure to about 2.2% of the common stock and equivalents of EMC. WHAT'S NOTABLE: HP (HPQ) and EMC are still conducting due diligence on a potential merger, CNBC's David Faber reported this morning, citing sources. A deal is unlikely, but still possible, and would include a buy-in of VMware, Faber added. PRICE ACTION: In mid-morning trading, EMC rose 0.3% to $28.20, VMware slid 0.9% to $90.59 and HP dropped 1.2% to $34.80.
10:46 EDTHPQOptions with decreasing implied volatility
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10:45 EDTATENA10 Networks plunges after cutting Q3 revenue outlook
Shares of supplier of application network technologies A10 Networks (ATEN) are plunging after the company lowered its third quarter revenue outlook due to lower than anticipated bookings in North America and longer close cycles for deals. WHAT'S NEW: A10 cut its Q3 revenue guidance to $43M-$43.5M from $48M-$50M, missing analysts' $48.69M consensus. The company's President and Chief Executive Officer, Lee Chen, blamed the revenue expectations on lower than anticipated bookings in North America and prolonged close cycles for agreements awarded to the company. Still, Chen said that Q3 revenue throughout Japan was beating expectations, despite an unfavorable effect from currency exchange rates. Chen said that the company is still concentrating on enacting its strategy and is gaining market momentum with its A10 Thunder TPS solution. WHAT'S NOTABLE: During the company's second quarter earnings conference call on July 30, A10 said that it was anticipating a Q3 loss of (7c)-(9c), which was in-line with analysts' expectations of a (9c) loss. ANALYST OPINION: On October 2, Citigroup downgraded A10 to Neutral from Buy, saying that the Japan slowdown will decrease the company's overall revenue growth for multiple quarters. Citigroup reduced its price target on the stock to $9.50 from $15. PRICE ACTION: During morning trading, A10 fell $2.90 or 36.71% to $5.00. On March 21, A10's initial public offering was priced at $15, but the stock opened at $13.85. Since its IPO, A10 shares have decreased over 68%.
10:08 EDTATENA10 Networks cuts Q3 revenue view to $43M-$43.5M from $48M-$50M
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10:00 EDTINTC, SNDKOn The Fly: Analyst Initiation Summary
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09:53 EDTHPQHP, EMC still doing due diligence on potential deal, CNBC reports
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09:49 EDTHPQHP, EMC merger unlikely but still possible, CNBC's Faber says
09:48 EDTHPQHP, EMC still doing work on potential deal, CNBC reports
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07:43 EDTSNDKSanDisk initiated with a Buy at Ladenburg
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06:13 EDTHPQNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
October 7, 2014
16:33 EDTINTCIntel initiated with a Market Perform at Northland
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13:34 EDTINTCIntel October volatility elevated into Q3 and revenue outlook
Intel October call option implied volatility is at 35, November is at 28, December is at 24; compared to its 26-week average of 22 according to Track Data, suggesting large near term price movement into the expected release of Q3 results after the market close on October 14.
11:27 EDTHPQHP non-public info may relate to Rackspace, Betaville speculates
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10:43 EDTHPQOptions with decreasing implied volatility
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08:18 EDTATENA10 Networks announces partnership with FlowTraq
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08:09 EDTHPQHP undisclosed info seen pointing to life in EMC talks, Bloomberg reports
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07:34 EDTSNDKNetlist seeks preliminary injunction against SanDisk's ULLtradiMM
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