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Stock Market & Financial Investment News

News Breaks
February 14, 2014
11:05 EDTCTXS, LOGM, VMWLogMeIn soars to 52-week high after results, guidance top expectations
Shares of cloud-based solutions company LogMeIn (LOGM) are soaring after the company’s fourth quarter results and full year guidance surpassed expectations. WHAT'S NEW: Last night, LogMeIn reported Q4 adjusted earnings per share of 16c and revenue of $45.2M, compared to expectations of 15c and $43.99M, respectively. WHAT’S NOTABLE: The company’s first quarter and fiscal 2014 guidance easily topped expectations. For Q1, the company forecast adjusted EPS of 20c-21c and revenue of $46.8M-$47.3M, compared to consensus of 17c and $44.27M, respectively. For FY14, adjusted EPS was guided to 86c-96c, while revenue was seen at $198M-$202M. FY14 estimates were 77c and $190.31M, respectively. ANALYST REACTION: This morning, three firms -- RBC Capital, Maxim, and Northland Securities -- all raised their respective price targets on LogMeIn. Another firm, Needham, upgraded the shares to Buy from Hold with a $48 price target. PRICE ACTION: In morning trading, LogMeIn jumped $8.79, or 26.4%, to $42.06 on nearly nine times its average daily trading volume. Earlier in the session, the stock reached a 52-week high of $42.74. Over the past twelve months, the stock has gained approximately 77%. OTHERS TO WATCH: Other companies that offer cloud-based solutions include Citrix Systems (CTXS) and VMware (VMW).
News For LOGM;CTXS;VMW From The Last 14 Days
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November 24, 2014
08:34 EDTVMW, CTXSJefferies software analysts hold an analyst/industry conference call
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November 20, 2014
16:44 EDTVMWVMware initiated with a Buy at Jefferies
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16:13 EDTCTXSCitrix initiated with a Hold at Jefferies
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November 14, 2014
16:58 EDTCTXSThird Point gives quarterly update on stakes
NEW STAKES: Alibaba (BABA), eBay (EBAY), Bed Bath & Beyond (BBBY), Shire (SHPG), and Parker Hannifin (PH). INCREASED STAKES: Actavis (ACT), Amgen (AMGN), EQT (EQT), Sensata (ST), Coca-Cola Enterprises (CCE). DECREASED STAKES: Williams Cos (WMB), Ally Financial (ALLY), Cheniere Energy (LNG), YPF (YPF), and FedEx (FDX). LIQUIDATED STAKES: AIG (AIG), T-Mobile (TMUS), Rackspace (RAX), Hertz (HTZ), and Citrix Systems (CTXS).
13:52 EDTVMWVMware volatility at low end of historic range
VMware November call option implied volatility is at 22, December is at 23, January is at 20, April is at 25; compared to its 26-week average of 31 according to Track Data, suggesting decreasing price movement.
November 13, 2014
10:01 EDTVMWOn The Fly: Analyst Initiation Summary
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08:14 EDTVMWVMware initiated with a Buy at Maxim
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November 12, 2014
15:08 EDTVMWEarnings Preview: Cisco reports amid analyst debate on break-up potential
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14:08 EDTVMWIntel reports 427.7K share position in Rocket Fuel
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07:48 EDTCTXSWells Fargo to hold a conference
5th Annual Technology, Media & Telecom Conference is being held in New York on November 12-13.

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