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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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March 31, 2015
13:31 EDTVMWPalo Alto, VMware expand strategic partnership
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March 30, 2015
07:28 EDTVMWPalo Alto Networks to hold a security conference
Ignite 2015 is being held in Las Vegas on March 30-April 1.
March 26, 2015
10:56 EDTVMWOptions with increasing implied volatility
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March 25, 2015
10:51 EDTVMWOptions with increasing implied volatility
Options with increasing implied volatility: CLDN CMG CREE AMZN ISRG MAC UA VMW SLXP
10:31 EDTCTXS, VMWUBS software analyst to hold an analyst/industry conference call
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March 24, 2015
14:53 EDTVMWVMware volatility at low end of historic range
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March 23, 2015
15:36 EDTVMWEMC announces the Federation Business Data Lake.
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