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Stock Market & Financial Investment News

News Breaks
July 22, 2014
15:07 EDTCSCO, CRM, CAJ, MSFT, SAPEarnings Preview: Microsoft to report after Nadella makes big job cuts
Microsoft (MSFT) is scheduled to report results of its fourth fiscal quarter after the market close on Tuesday, July 22, with a conference call scheduled for 5:30 pm ET. Microsoft, a member of the Dow Jones Industrial Average, sells and licenses software to consumers and businesses, offers cloud computing and other business services, and markets hardware including the Xbox entertainment system, the Surface tablet and Nokia branded smartphones. EXPECTATIONS: Analysts are looking for earnings per share of 60c on revenue of $23.0B, according to First Call. The consensus range for EPS is 55c-66c on revenue of $22.24B-$23.5B. On its last earnings call, Microsoft said it sees Q4 devices & consumer licensing revenue $4.1B-$4.3B, Q4 commercial licensing revenue $13.1B-$13.3B, Q4 operating expenses of $8.4B-$8.6B and Q4 capital expenditures of $1.5B. LAST QUARTER: On April 24, Microsoft reported third quarter EPS of 68c, beating the consensus analyst forecast of 63c. It's revenue came in at $20.4B, nearly matching estimates for $20.39B. Microsoft reported that Q3 its devices and consumer revenue grew 12% to $8.3B, commercial revenue rose 7% to $12.23B, that Windows volume licensing revenue grew 11% and that Office 365 revenue grew over 100% and that commercial seats nearly doubled. NEWS: Less than a week ago, Microsoft announced a restructuring plan to simplify its operations and align the recently acquired Nokia Devices and Services business with the company's overall strategy. The steps will result in the elimination of up to 18,000 positions over the next year, with about 12,500 of those potential job eliminations coming in the Nokia business acquired by Microsoft in April. The company expects to incur pre-tax charges of $1.1B-$1.6B over the next four quarters, including $750M-$800M for severance and related benefit costs, and $350M-$800M of asset-related charges, but has not yet laid out what it expects to save as a result of the restructuring. Throughout this quarter, Microsoft has announced new or expanded deals or partnerships with SAP (SAP), Salesforce.com (CRM), Canon (CAJ) and Cisco (CSCO). STREET RESEARCH: On the day after Microsoft's last quarterly report, Bernstein said it believes that Microsoft's Q3 results indicate that the company is performing well. The firm thinks the company's cloud initiatives are starting to positively impact its results and it expects investors to start to focus on the company's cloud business. The firm raised its price target on the stock to $49 from $47 at that time and kept an Outperform rating on the shares. Similarly, Credit Suisse reiterated its Outperform rating on Microsoft that day and raised its price target to $47.50 following the Q3 report. The firm said the key takeaway was Office 365 momentum, which it viewed as a major positive. On June 5, FBR Capital upgraded Microsoft to Outperform from Market Perform, citing confidence in new CEO Satya Nadella's plan for the future and the company's "strong" cloud offerings. FBR raised its price target for shares to $49 from $43 to reflect its sum-of-the-parts analysis. On July 15, two days before Microsoft detailed the specifics of its restructuring, Nomura raised its price target on Microsoft to $50 from $45, saying at the time that it expects "bold organizational changes" to restore a culture of innovation. The firm cited the cultural change, combined with potential share buybacks and a headcount reduction, in reiterating its Buy rating on the stock. PRICE ACTION: Since the day after its last report, Microsoft has advanced about 12%. In afternoon trading ahead of tonight's report, Microsoft shares are fractionally lower near $44.67.
News For MSFT;CRM;SAP;CAJ;CSCO From The Last 14 Days
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August 20, 2015
08:02 EDTMSFTFCC to hold a conference and workshop
2015 Supplier Diversity Conference & Workshop is being held at FCC Washington, D.C. offices on August 20 at 9:30 am. Webcast Link
August 19, 2015
10:51 EDTSAPSAP management to meet with JMP Securities
Meeting to be held in New York on August 26 hosted by JMP Securities.
09:45 EDTMSFTMicrosoft dividend raise likely to be modest, says Citi
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08:01 EDTCRMSalesforce outlook has improved, says Oppenheimer
After conducting checks, Oppenheimer is more confident in Salesforce's business momentum. The firm thinks the company's business performed well at the end of Q2, as it closed a large number of big deals. Oppenheimer is upbeat on the outlook for Wave and says that a Fortune 500 company appears to be planning to increase its spending on the Salesforce1 platform. The firm says that the Fortune 500 company's decision has multiple positive implications for Salesforce. It reiterates an Outperform rating on the shares.
06:45 EDTMSFTMicrosoft in talks to buy Mesophere, The Information reports
Microsoft has made an approach to Mesophere to buy the cloud-computing software startup, The Information reports, citing two sources briefed on the talks. A deal that could be worth about $1B, the report says. Reference Link
06:31 EDTCRMSalesforce commercial business momentum moderating, says Jefferies
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August 18, 2015
11:01 EDTCSCOScansource exercises LOI to acquire assets of KBZ
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10:58 EDTCRMSalesforce August volatility elevated into Q2 and outlook
Salesforce August call option implied volatility is at 96, September is at 44; compared to its 52-week range of 25 to 59, suggesting large price movement into the expected release of Q2 results on Aug 20.
08:01 EDTCRMSalesforce dip post earnings should be bought, says Canaccord
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August 17, 2015
16:00 EDTMSFTOptions Update; August 17, 2015
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11:18 EDTCSCOEZchip to supply chips to cloud data centers, Bloomberg says
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10:09 EDTCSCOOn The Fly: Analyst Downgrade Summary
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09:38 EDTMSFTActive equity options trading on open
Active equity options trading on open: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT
09:14 EDTCRMSalesforce checks decent heading into Q2 results, says Brean Capital
Brean Capital said checks look decent for Salesforce.com heading into Q2 results. The firm expects difficult foreign exchange and macro headwinds but sees ongoing demand for Service Cloud with some large deals closing during the quarter. Brean Capital expects the shares to continue to perform well in the second half of the year and reiterated its Buy rating and $85 price target on Salesforce.com shares.
07:39 EDTMSFT, CSCOTMC to hold a conference
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06:45 EDTCSCOCisco downgraded to Equal Weight from Overweight at Morgan Stanley
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August 14, 2015
16:16 EDTCSCOStocks end week higher after China rattles market with currency moves
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16:00 EDTCSCO, MSFTOptions Update; August 14, 2015
iPath S&P 500 VIX Short-Term Futures down 4c to 16 Option volume leaders: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT RAD CSCO JCP AMZN SUNE
07:12 EDTMSFTSony's Playstation 4 leads in strong July video game sales, VentureBeat reports
Even though July brought few major video game releases, new game hardware, software, and accessories generated $541.9M at U.S. retailers in the month, up 6% year over year, VentureBeat reports, citing data from NPD Group. Sony's (SNE) Playstation 4 console outsold its competitors' consoles, namely Nintendo's (NTDOY) Wii U and Microsoft's (MSFT) Xbox One, the report says. Reference Link
06:28 EDTMSFTSamsung makes enterprise push with new phones, improved security, WSJ says
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