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Stock Market & Financial Investment News

News Breaks
February 14, 2014
11:05 EDTVMW, CTXS, LOGMLogMeIn 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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August 26, 2015
16:26 EDTVMWOn The Fly: Top stock stories for Wednesday
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16:12 EDTVMWVMware names Ray O'Farrell Chief Technology and Development Officer
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15:27 EDTVMWVMware falls after report EMC board weighing downstream merger proposal
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12:47 EDTVMWOn The Fly: Top stock stories at midday
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12:08 EDTVMWEMC Federation departures suggest changes coming, says Raymond James
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11:50 EDTVMWEMC-VMware report shows board knows status quo 'not an option,' says Wells Fargo
After Re/code's Arik Hesseldahl reported that EMC's (EMC) board is "actively considering" a downstream merger proposal under which it would be acquired by VMware (VMW), Wells Fargo analyst Maynard Um said he views the most important takeaway to be that the board views maintaining the status quo as "not an option" amid the rapid shift in the industry. Um thinks an EMC buy-in of VMware, which the report contends is the preferred option of EMC CEO Joe Tucci, presents a cleaner path with less variables but says that in either case it "seems clear that something will happen," which he views as a positive.
08:23 EDTVMWEMC board 'considering' VMware downstream merger proposal, Re/code reports
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August 25, 2015
08:35 EDTVMWExtreme Networks joins VMware NSX partner ecosystem
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August 20, 2015
14:39 EDTVMWEarnings Watch: Hewlett-Packard reports ahead of company split
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August 14, 2015
09:42 EDTLOGMLogMeln management to meet with Stephens
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