New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 4, 2014
08:47 EDTS, IBM, VZ, LNVGY, TLenovo, IBM deal investigated by U.S. over Pentagon servers, Bloomberg says
Lenovo (LNVGY) must convince government officials that buying a server unit from IBM (IBM) wonít give China back-door access to U.S. secrets and infrastructure, even though the Pentagon, FBI and certain telecommunications companies use the servers, according to Bloomberg, citing people familiar with the matter. The sources said that the servers are also embedded in telephone networks operated by AT&T (T), Verizon (VZ), and Sprint (S). Reference Link
News For LNVGY;IBM;T;VZ;S From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | all recent news | >>
April 20, 2015
15:13 EDTIBMIBM April weekly 165 straddle priced for 3.5% movement into Q1
15:05 EDTIBMEarnings Watch: IBM rumored to be concerned about becoming activist target
International Business Machines (IBM) is expected to report first quarter earnings after the close on Monday, April 20, with a conference call scheduled for 4:30 pm ET. IBM, a global information technology services and software company, is a component of the Dow Jones Industrial Average. EXPECTATIONS: Analysts are looking for earnings per share of $2.82 on revenue of $19.73B. The consensus range is $2.57-$3.01 for EPS on revenue of $19.31B-$20.49B, according to First Call. During its investor day meeting on February 26, IBM backed its FY15 EPS view of $15.75-$16.50, which compared to consensus at the time of $16.02 and current consensus of $15.89. Based on February 25 spot rates, the company said it expected currency to impact revenue growth by over 7 points for Q1, and over 6 points for the full year. This was greater than the impact previously provided based on January 16 spot rates. In addition, the company said it continued to expect a 4 point impact to revenue growth in each of the first three quarters of 2015 due to the divestiture of the System x business. LAST QUARTER: IBM reported Q4 EPS of $5.81, topping the consensus estimate of $5.41. Revenue came in at $24.1B, which was below the consensus $24.77B projection. IBM said at that time that it had a services backlog of $128B. NEWS: On February 17, IBM unveiled IBM Spectrum Storage, a new storage software portfolio designed to address data storage inefficiencies, according to the company. To accelerate the development of next-generation storage software, IBM also announced plans to invest more than $1B in its storage software portfolio over the next five years. During its analyst day meeting a bit over a week later, IBM said it was shifting $4B into "strategic initiatives," including Big Data, the Cloud, mobile, social and security. On March 31, IBM announced that it will invest $3B over the next four years to establish a new Internet of Things, or IoT, unit, and that it is building a cloud-based open platform designed to help clients and ecosystem partners build IoT solutions. On April 2, CNBC reported, citing people with knowledge of the matter, that IBM had hired two investment banks to "formulate a defense plan" since the company was concerned about a potential attack by activist hedge funds. The sources also noted that activist investors in IBM had already tried and failed to get Bill Ackman's Pershing Square and Jeffrey Ubben's ValueAct involved in shaking up the company. STREET RESEARCH: On the day after the company's last report, Citigroup cut its price target for IBM shares to $170 from $180. Meanwhile, Jefferies said that day that IBM's cash flow guidance for 2015 was "very weak" and that the company had yet to reach a bottom. The firm continued to believe the risk/reward for shares was skewed negatively and it kept an Underperform rating and $130 price target on IBM shares at that time. On March 2, Atlantic Equities downgraded IBM to Underweight from Neutral. The firm said IBM faces long-term structural issues and it was unconvinced management's strategic plan will change the direction. The firm, which foresees further room for disappointment around consensus expectations of 8% earnings growth in 2016-2017, lowered its price target to $140 from $150 on the stock. On April 15, Credit Suisse lowered its estimates on IBM ahead of the company's Q1 report and reiterated its Underperform rating and $125 price target on the stock. Credit Suisse said then that its concerns remain a weak order book and a reduction in industry-wide deal sizes, margin dilution from the cloud despite any revenue growth, less effective restructuring, and internal turmoil and underinvestment. PRICE ACTION: Shares of IBM fell $4.86, or 3.1%, to $152.09 on the first day of trading after its Q4 report. Despite that drop on the day after the report, IBM shares have risen nearly 5% over the last three months. In afternoon trading ahead of tonight's report, IBM is up 3% to $165.49 per share.
14:22 EDTVZVerizon technical commentary before earnings
Subscribe for More Information
13:41 EDTVZEarnings Watch: Verizon shares up marginally since Q4 results
Verizon Communications (VZ) is expected to report first quarter earnings before the market open on Tuesday, April 21, with a conference call scheduled for 8:30 am ET. Verizon is a holding company providing communications, information and entertainment. EXPECTATIONS: Analysts are looking for earnings per share of 95c on revenue of $32.27B, according to First Call. The consensus range for EPS is 89c-$1.00 on revenue of $31.74B-$32.97B. LAST QUARTER: Verizon reported fourth quarter adjusted EPS of 71c against estimates for 72c on revenue of $33.19B against estimates for $32.69B. For Q4 in Wireless, the company reported 2.1M net retail connections; 2.0M net retail postpaid connections, including net additions of 672,000 postpaid phones; retail postpaid churn of 1.14%; 108.2M total retail connections and 102.1M total retail postpaid connections. In Wireline, it reported 4.1% year-over-year quarterly increase in consumer revenues. Verizon reported Q4 retail postpaid ARPA, or average revenue per account, increased 1.0% over Q4 of 2013 to $158.82 per month, and 3.9% over the full year. Verizon reported Q4 FiOS consumer revenue growth of 11.1%; 6.6M FiOS Internet subscribers, with 145K net additions; 5.6M FiOS Video subscribers, with 116K net additions. For 2015, Verizon expects consolidated revenue growth of at least 4%. It sees sustained profitability with a consolidated adjusted EBITDA margin at a level consistent with full-year 2014 performance. It also expects strong free cash flow generation with consolidated capital spending of $17.5B-$18.0B. On February 5, Frontier Communications (FTR) announced a definitive agreement with Verizon under which Frontier will acquire Verizonís wireline operations that provide services to residential, commercial and wholesale customers in California, Florida and Texas, for $10.54B in cash. On the same day, Verizon announced a $5B accelerated share-repurchase program and agreed to lease the rights to over 11,300 of its company-owned wireless towers to American Tower (AMT), which will also purchase approximately 165 Verizon towers, for a total upfront payment of approximately $5B. American Tower will have exclusive rights to lease and operate over 11,300 Verizon cell towers, a significant majority of the towers the company currently owns. In addition, Verizon will sell approximately 165 towers outright. On March 10 at the Deutsche Bank Media, Internet & Telecom Conference, CFO Fran Shammo said there was ďnot much changeĒ in the competitive environment since Q4-end, Q1 volume should return to "more normal levels," and Q1 churn is likely to be elevated from year ago, but not "something that is going to be concerning." PRICE ACTION: Verizonís shares are up marginally since the company's Q4 report. Over the past twelve months, they are up about 3.3%. In afternoon trading ahead of Tuesday's Q1 report, Verizonís shares are up 0.5%.
12:57 EDTIBMIBM technical comments ahead of earnings
Subscribe for More Information
07:16 EDTVZVerizon April weekly volatility elevated into Q1 and outlook
Subscribe for More Information
06:29 EDTIBMIBM April volatility elevated into Q1 and outlook
IBM April weekly call option implied volatility is at 46, May is at 25, June is at 22; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q1 results after the market close on April 21.
06:03 EDTVZESPN raises objections to Verizon FiOS TV packages, WSJ reports
Subscribe for More Information
April 19, 2015
19:57 EDTIBMIBM project in China causes some U.S. concern, NY Times says
IBM has in the past 16 months agreed and received U.S. permission to provide a Beijing company, Teamsun, with partial plans of its higher end servers and the software that runs on them but the U.S. tech giant's activities in China are now becoming a sensitive issue for the Obama administration which is trying to get Beijing to drop new policies requiring American companies to share technology in exchange for market access, says the New York Times. Reference Link
13:36 EDTIBMIBM stock could move towards $195 in intermediate term, Barron's says
Subscribe for More Information
April 17, 2015
12:21 EDTVZOn The Fly: Top stock stories at midday
Subscribe for More Information
09:32 EDTIBMIBM acquires Explorys from Heritage Group
Explorys, a portfolio company of venture capital firm Heritage Group, has been acquired by IBM in an agreement signed April 13. In May 2012, big data company Explorys received a significant investment from the Heritage Healthcare Innovation Fund, a $167M strategic venture fund that invests in businesses that reduce healthcare costs, improve outcomes and increase the efficiency of delivery.
06:33 EDTIBMChina suspends new bank technology policy, NY Times reports
Subscribe for More Information
06:17 EDTVZVerizon to offer monthly custom TV plans, Reuters reports
Subscribe for More Information
April 16, 2015
08:11 EDTLNVGYLenovo Group should be bought on any signficant retreat, says Bernstein
Subscribe for More Information
April 15, 2015
15:14 EDTIBMIBM April volatility elevated into Q1 and outlook
IBM April weekly call option implied volatility is at 31, May is at 22, June is at 18; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q1 results after the market close on April 21.
08:43 EDTIBMIBM estimates lowered at Credit Suisse ahead of the Q1 report
Credit Suisse lowered IBM estimates ahead of the Q1 report on April 20 and reiterated its Underperform rating and $125 price target on the stock. The firm's Q1 estimates for EPS and revenue go to $2.84/$19.8B versus consensus of $2.86/$19.9B and FY15 to $15.59/$85B versus consensus of $15.98/$85.4B. Credit Suisse concerns remain a weak order book and a reduction in industry-wide deal sizes, margin dilution from the cloud despite any revenue growth, less effective restructuring, and internal turmoil and underinvestment.
06:46 EDTTAT&T files lawsuit to challenge net neutrality order, WSJ says
AT&T filed a lawsuit to overturn the FCC's net neutrality order to reclassify the internet as a telecommunications service, reports the Wall Street Journal. The move is surprising, as AT&T didn't join in prior suits, the Journal adds. Reference Link
April 14, 2015
12:40 EDTTPCTEL lowers FY15 revenue to $124M-$130M from $133M-$138M, two estimates $130M
Following its March 5 acquisition of Nexgen Wireless, PCTEL (PCTI) reported in a regulatory filing earlier that on April 7, Samsung Electronics America, a Samsung (SSNLF) subsidiary, provided Nexgen and PCTEL with a notice of Samsungís election to terminate, effective April 30, the contractor services agreement between Samsung and Nexgen. Nexgen furnishes services to Samsung under the CSA including Meridian software-based services and contract personnel. The termination applies to the CSA only and will have no effect on other agreements between Samsung and Nexgen or PCTEL. The company continues to forecast 15%-18% revenue growth over FY14 and views the Nexgen acquisition as accretive to earnings in FY15. The company has revised its overall revenue forecast for FY15 in light of reduced business with Samsung, the reduction in capital spending by AT&T (T), and a decline in new network infrastructure investment in the oil and gas market. The company has revised revenue guidance from $133M-$138M to $124M-$130M. Finally, the company and Nexgen have signed a term sheet calling for a material reduction of the total consideration paid or payable by PCTEL for the Nexgen assets, and a material reduction of the equity compensation for which John Thakkar, the founder and president of Nexgen, will be eligible. These reductions seek to align the asset acquisition costs with the revised revenue and EBITDA estimates.
10:51 EDTSGoogle to sell mobile phone plans directly to customers, The Information reports
Google (GOOG) is looking to sell mobile phone plans directly to customers while managing their calls and mobile data over a cellular network, reports The Information. According to people with knowledge of the plans, the new service is expected to run on Sprint (S) and T-Mobile (TMUS) networks. Google expected to reach deals to buy wholesale across to those carriers' networks. A launch this year seems likely. Reference Link
1 | 2 | 3 | 4 | 5 | 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