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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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April 21, 2015
19:06 EDTVMWOn The Fly: After Hours Movers
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17:45 EDTVMWVMware sees Q2 license revenue $630M-$640M
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17:41 EDTVMWVMware sees FY15 CapEx $400M, FY15 buybacks over $1B
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17:26 EDTVMWVMware sees FY15 EPS $3.94-$4.02, consensus $4.00
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17:24 EDTVMWVMware sees Q2 adjusted EPS 90c-92c, consensus 92c
Sees Q2 revenue $1.58B-$1.6B, consensus $1.6B. Sees Q2 adjusted operating margin 30.25%. Guidance from company's Q1 earnings conference call. :
17:21 EDTVMWVMware sees FY15 revenue $6.57B-$6.69B, consensus $6.69B
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16:14 EDTVMWVMware down 2.2% after reporting Q1 results
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16:04 EDTVMWVMware reports Q1 license revenue $576M
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16:01 EDTVMWVMware reports Q1 EPS 86c, consensus 84c
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15:28 EDTVMWNotable companies reporting after market close
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14:39 EDTVMWVMware technical notes ahead of results
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14:34 EDTVMWEarnings Watch: EMC to report after several downgrades
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08:41 EDTVMWOptions expected to be active
Options expected to be active: UA TEVA PRGO MYL UTX QCOM VMW HOG CMG IBM VZ
April 20, 2015
14:56 EDTVMWVMware volatility elevated into Q1 and revenue growth outlook
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April 16, 2015
10:00 EDTVMWOn The Fly: Analyst Upgrade Summary
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08:00 EDTCTXSCitrix will use part of GoTo sales proceeds to buy back shares, says Bernstein
After CRN reported that Citrix is considering a divestiture of its Online Services businesses, Bernstein expects the company to sell its GoTo businesses for $2.1B and use a portion of the proceeds to repurchase shares, possibly shrinking its share count by 10%-20%. The firm says it would view the move positively and keeps an Outperform rating on the stock.
05:57 EDTVMWVMware upgraded to Buy from Hold at Summit Research
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April 15, 2015
10:03 EDTCTXSHigh option volume stocks
High option volume stocks: SKS NSAM AMP CTXS KS WUBA CIT OC ASML SLM
09:39 EDTCTXSCitrix weighing sale of online services subsidiary, CRN reports
Citrix Systems (CTXS) is weighing the sale of spinoff of its online services subsidiary, CRN reported last night, citing sources familiar with the matter. The unit includes GoToMeeting Web conferencing and GoToMyPC remote access apps, the website pointed out. Shares of Citrix are up $1.58 to $65.59 in early trading. Reference Link
08:09 EDTVMWGood Technology and VMware resolve patent litigation
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