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Stock Market & Financial Investment News

News Breaks
February 14, 2014
11:05 EDTLOGM, CTXS, 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
Check below for free stories on LOGM;CTXS;VMW the last two weeks.
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August 31, 2014
14:05 EDTCTXSDrexel Hamilton to hold a conference
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August 26, 2014
15:04 EDTVMWNetApp extends alliance with VMware on cloud computing
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12:32 EDTVMWVMware slips after updating 2015 guidance at analyst day
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12:04 EDTVMWVMware, NVIDIA, Google announce graphics collaboration
VMware (VMW), NVIDIA (NVDA) and Google (GOOG) announced a collaborative effort to deliver high-performance virtual desktops and workstation-class graphics to Google Chromebooks. The joint effort is expected to expand the hardware options for high-performance virtual desktops, VMware said.
08:03 EDTVMWVMware guidance cut will weigh on stock, says Cowen
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07:54 EDTVMWVMware guidance positive, says RBC Capital
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August 25, 2014
12:04 EDTVMWVMware, VCE expand cloud strategic partnership
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08:06 EDTVMWGigamon collaborates with VMware
Gigamon (GIMO) announced a collaboration with VMware (VMW) to extend Gigamon's visibility and monitoring solutions to support the software-defined data center. Gigamon will work with VMware to enable mutual customers to maximize previous investments in network, application and security monitoring tools as they virtualize their networks with the VMware NSX network virtualization platform.
August 24, 2014
21:59 EDTVMWVMware to hold a conference
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August 20, 2014
16:07 EDTVMWVMware acquires CloudVolumes, terms undisclosed
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August 19, 2014
08:11 EDTVMWVMware promotes Betsy Sutter to SVP, Chief People Officer
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08:09 EDTVMWVMware updates executive responsibilities
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07:12 EDTLOGMStephens to hold a plane trip
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