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Stock Market & Financial Investment News

News Breaks
February 14, 2014
11:05 EDTLOGM, VMW, CTXSLogMeIn 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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February 27, 2015
16:29 EDTVMWEMC decides against spinning off stake in VMware, Reuters reports
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15:57 EDTVMWEMC decides against spinning off stake in VMware, Reuters reports
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11:26 EDTVMWVMware management to meet with UBS
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February 26, 2015
10:00 EDTVMWOn The Fly: Analyst Initiation Summary
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05:47 EDTVMWAtos and EMC to further strengthen strategic alliance
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February 25, 2015
14:03 EDTCTXSCitrix extends collaboration with Google to include Android for Work
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09:25 EDTCTXSCisco, Apple among U.S. names cut from China state buying list, Reuters says
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February 24, 2015
16:20 EDTVMWVMware appoints Bask Iyer as Chief Information Officer
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15:46 EDTVMWJuniper CIO leaving company for same role at VMware, Business Insider says
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09:56 EDTVMWVMware large DoD contract likely to be delayed, says Nomura
Nomura said competitors have protested VMware's large Defense Information Systems Agency $1.6B over 5-year contract expected to have been awarded to the company by the end of March. The firm expects a delay in the ward and for the scope of the contract to be modified. Nomura said its unclear how much of the contract is incremental business vs. renewals and weather renewals will be delayed. Shares of VMware are Neutral rated with a $95 price target.
07:19 EDTCTXSSusquehanna to hold a summit
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February 20, 2015
06:26 EDTCTXSCitrix management to meet with FBR Capital
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February 19, 2015
08:48 EDTVMWVMware to hold a conference call with Jefferies
Jefferies Analyst John DiFucci co-hosts a conference call to discuss the VMware vSphere 6 and VMware Integrated OpenStack (VIO) on February 19 at 12 pm. Webcast Link
February 18, 2015
07:38 EDTVMWVMware named a Franchise Pick at Jefferies
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07:08 EDTCTXSEvercore ISI to hold a field trip
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February 17, 2015
17:13 EDTVMWPoint72 gives quarterly update on stakes
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17:02 EDTCTXSSoros Fund Management gives quarterly update on stakes
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09:06 EDTCTXSCitrix joins Microsoft Cloud Storage Partner Program
Citrix (CTXS) announced it is an inaugural member of the new Microsoft (MSFT) Cloud Storage Partner Program.

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