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Stock Market & Financial Investment News

News Breaks
November 14, 2012
16:43 EDTMDLZ, NXY, SYMC, WCC, ADSKThird Point reports new stakes in Mondelez, Nexen, Symantec, WESCO, Autodesk
News For MDLZ;NXY;SYMC;WCC;ADSK From The Last 14 Days
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September 30, 2014
07:45 EDTADSKAutodesk October volatility elevated on tight four-month price movement
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September 26, 2014
08:02 EDTSYMCSymantec new CEO a safe, logical choice, says RBC Capital
After Symantec announced that its interim CEO, Michael Brown, would be the company's permanent CEO, RBC Capital thinks Brown was the "safe, logical "choice, given his long tenure on the board and six months as interim CEO. The firm believes that Brown has a "calming" influence on the company, but views his selection as "more of a neutral event." It keeps a Sector Perform rating on the shares.
08:00 EDTSYMCSymantec CEO decision positive, says JMP Securities
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06:39 EDTSYMCMost connected devices have security flaw, NY Times says
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September 25, 2014
16:01 EDTSYMCSymantec names Michael Brown as CEO
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14:01 EDTADSKAutodesk provides details on previously reported 3D plans, 3DPrint.com says
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09:02 EDTMDLZMondelez appoints Dana Anderson as SVP and Chief Marketing Officer
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September 24, 2014
12:27 EDTADSKAutodesk volatility flat into company hosted investor day
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09:04 EDTADSKAutodesk to host investor day
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07:44 EDTWCCStephens to hold an investor trip
Industrial Distributors Investor Field Trip travels through New York, Ohio, Texas and Pennsylvania on September 24-25.
September 17, 2014
12:01 EDTADSKAdobe falls after Q4 revenue outlook trails consensus
Shares of creative software maker Adobe Systems (ADBE) are falling after it guided to fourth quarter revenue below analysts' consensus view. WHAT'S NEW: Last night, Adobe reported Q3 adjusted earnings per share of 28c and revenue of $1.005B, compared to analysts' consensus estimates of 26c and 1.02B, respectively. Adobe exited Q3 with 2.81M creative cloud subscriptions, a sequential increase of 502,000. WHAT'S NOTABLE: Adobe forecast Q4 adjusted EPS of 26c-32c, versus consensus of 31c. The company sees Q4 revenue of $1.025B-$1.075B, below the consensus forecast of $1.09B. The company expects net new creative cloud subscriptions to grow sequentially in Q4 to slightly exceed its target of 1M. ANALYST REACTION: This morning, analyst commentary was positive, with several firms recommending buying shares of Adobe on any weakness. Research firm Stern Agee was among them, stating that Adobe's revenue miss was driven by a shift of perpetual licenses to term contracts. Sterne Agee said that Adobe's deferred revenue outperformed, which should give long-term investors confidence in the name. It believes the long-term transition story is intact, and expects upside to revenues in FY15. The firm kept a Buy rating on the shares with a price target of $85. Two other firms, JMP Securities and BofA Merrill Lynch also recommended buying Adobe amid its post-earnings weakness. PRICE ACTION: Near noon, Adobe fell $2.74, or nearly 4%, to $68. Despite today's pull-back, the shares have gained about 40% over the past 12 months. ANOTHER TO WATCH: Autodesk, (ADSK), which also serves software customers in the digital media and entertainment industries, is down fractionally to $54.54.
11:11 EDTMDLZGeneral Mills crumbles after earnings miss, downgrade
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10:00 EDTMDLZOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AB InBev (BUD) upgraded to Hold from Sell at Societe Generale... Baker Hughes (BHI) upgraded to Outperform from Sector Perform at Howard Weil... Bank of the Ozarks (OZRK) upgraded to Buy from Hold at BB&T... Bill Barrett (BBG) upgraded to Buy from Neutral at Mizuho... Cepheid (CPHD) upgraded to Buy from Hold at Cantor... Cigna (CI) upgraded to Positive from Neutral at Susquehanna... Extra Space Storage (EXR) upgraded to Buy from Hold at Jefferies... GNC Holdings (GNC) upgraded to Outperform from Neutral at Wedbush... MB Financial (MBFI) upgraded at DA Davidson... Mondelez (MDLZ) upgraded to Buy from Hold at Societe Generale... Radian Group (RDN) upgraded to Buy from Neutral at Compass Point... Skullcandy (SKUL) assumed with a Overweight from Neutral at Piper Jaffray... Under Armour (UA) upgraded to Overweight from Neutral at Piper Jaffray.
07:00 EDTMDLZMondelez exec aiming for more beverage offerings, Reuters says
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06:27 EDTMDLZMondelez upgraded to Buy from Hold at Societe Generale
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05:25 EDTMDLZMondelez upgraded to Buy from Hold at Societe Generale
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September 16, 2014
07:49 EDTMDLZBofA/Merrill to hold a conference
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