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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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May 20, 2015
09:14 EDTLOGMJefferies software analysts hold an analyst/industry conference call
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May 19, 2015
08:07 EDTCTXSCitrix teams with Mirantis for OpenStack distribution
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07:36 EDTCTXSCitrix growth poised to accelerate, says Bernstein
After attending Citrix's Analyst Meeting, Bernstein says the company's new products are likely to help cause its growth to accelerate. The firm expects the company's EPS growth to accelerate, and it keeps a $79 price target and Outperform rating on the shares.
May 18, 2015
10:01 EDTCTXSOn The Fly: Analyst Downgrade Summary
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05:48 EDTCTXSCitrix downgraded to Neutral from Buy at Goldman
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May 15, 2015
17:33 EDTVMW, LOGMPoint72 Asset Management gives quarterly update on stakes
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May 13, 2015
17:19 EDTVMWVMware to host conference call
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May 11, 2015
10:38 EDTLOGMLogMeln management to meet with Piper Jaffray
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10:27 EDTCTXSCitrix management to meet with William Blair
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