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Stock Market & Financial Investment News

News For MSFT;FB;AAPL From The Last 14 Days
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April 30, 2015
11:53 EDTAAPLStocks with call strike movement; TWTR AAPL
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11:28 EDTAAPL, MSFTSalesforce seen fetching $100 per share, but several analysts say deal unlikely
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09:59 EDTAAPLApple breaks its 50-day moving average, levels to watch
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09:34 EDTAAPL, FBActive equity options trading on open
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09:14 EDTMSFTBrean says take profits in Salesforce after takeover report
Brean Capital analyst Sarah Hindlian recommends taking profits in Salesforce after the stock rallied 12% yesterday. Hindlian views a sale of Salesforce as "highly unlikely." She notes Brean's work indicates such a deal would be unlikely on both price and valuation as the company's Founder and CEO Marc Benioff would be unwilling to sell without a “substantial” premium. The analyst also questions if Salesforce has any interest in selling itself. Further, she believes a takeover by either Oracle (ORCL) or Microsoft (MSFT) would raise regulatory issues. Hindlian keeps a Hold rating on Salesforce.
07:46 EDTMSFTMicrosoft outlook has improved, says RBC Capital
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07:39 EDTMSFTInfosys partners with Microsoft to offer Finacle on Azure
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07:07 EDTMSFT, AAPLSalesforce appears to be open to evaluating takeover offers, says Stifel
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06:51 EDTMSFTPiper sees Salesforce takeover price upwards of $100/share
Piper Jaffray followed JPMorgan in predicting a Salesforce takeover price upwards of $100 per share. Piper calls Salesforce a "very attractive and unique asset," but admits it has no proprietary information about a potential deal. Oracle (ORCL), Microsoft (MSFT), IBM (IBM) and the large Internet centric vendors are the only tech companies likely to afford Salesforce, Piper believes. It points out that while Oracle denied it made an offer, the $10B in debt raised earlier this week by the company is likely to keep it near the top of the potential acquirer list. Piper says Salesforce potentially being in play raises the potential for any pure cloud vendor to be taken over, including Workday (WDAY) and ServiceNow (NOW), as well as "host of smaller pure cloud vendors and fast-growing non-cloud companies" such as Splunk (SPLK). The firm keeps an Overweight rating on Salesforce with an $80 price target.
06:31 EDTMSFTMicrosoft would likely sell off on Salesforce acquisition, says Citigroup
Citigroup believes that should Salesforce (CRM) be up for sale as Bloomberg yesterday suggested, Microsoft (MSFT) could be the most likely the suitor. Citi thinks Microsoft shares would likely trade lower should such a deal occur, as it would signal the company is in a "more tenuous position in commercial business than investors currently think." The firm lists Oracle (ORCL), IBM (IBM) and Google (GOOG) as other potential suitors for Salesforce. With less upside now to its Saleforce price target, Citi prefers Check Point (CHKP) and VMware (VMW) for growth investors and ServiceNow (NOW) for exposure to software-as-a-service. It keeps a Buy rating on Salesforce with am unchanged price target of $78.
06:22 EDTAAPLOmniVision nears deal to be bought by Hua Capital for $29/share, Bloomberg says
OmniVision Technologies (OVTI), which makes chips for smartphone and tablet cameras like Apple's (AAPL) iPhone, is close to a deal to be acquired by Beijing-based private equity firm Hua Capital Management for about $29 per share, Bloomberg reports, citing sources. At $29 per share, the company would be valued at $1.68B, the publication notes. A deal could be announced as early as today. Reference Link
06:19 EDTAAPLFlight delays at American Airlines continue as iPad glitch fixed, WSJ reports
American Airlines (AAL) pilots are being told to delete and reload an app that provides navigational charts on their iPads (AAPL) following delays caused by a software glitch, The Wall Street Journal reports. A spokesperson for the carrier says the glitch did not affect in-flight safety, and said the carrier is starting to see delays decrease as pilots "become aware they can reinstate the app." Though no flights have been canceled, 24 were delayed up to 30 minutes on Tuesday and 30 were delayed on Wednesday. Reference Link
06:10 EDTMSFTJefferies sees 'very low' probability of Salesforce takeover
Jefferies views the 12% rally in Salesforce (CRM) shares yesterday after Bloomberg reported the company is fielding takeover offers as an overreaction. The firm says the probability of a sale is "very low, especially with the stock already trading at an inflated valuation." It views Microsoft (MSFT) as the most likely suitor, with Oracle (ORCL), IBM (IBM) and Google (GOOG) potentially in the mix. Jefferies keeps an Underperform rating on Salesforce with a $49 price target. The stock closed yesterday up $7.76 to $74.65.
06:07 EDTAAPLApple Watch won't reach Israel until 2016, Globes reports
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06:02 EDTMSFTMicrosoft CEO sees $20B a year from cloud business by 2018, Re/code reports
Microsoft CEO Satya Nadella told financial analysts at a meeting that he believes that the company will get $20B per year from its corporate cloud business by "sometime" in FY18, Re/code reports. The company currently gets about $6.3B per year from the business. Reference Link
05:57 EDTMSFTMicrosoft, IBM, Oracle rumored as potential Salesforce.com suitors, Re/code says
Potential suitors for Salesforce.com (CRM), which is said to have hired financial advisers to handle takeover inquiries, may include Microsoft (MSFT), IBM (IBM), Google (GOOG) and Oracle (ORCL), Re/code's Arik Hesseldahl reports. Hesseldahl notes that Salesforce CEO Marc Benioff attended a dinner with Microsoft CEO Satya Nadella on Tuesday night, ahead of Microsoft's Build conference. Reference Link
April 29, 2015
17:16 EDTMSFTSalesforce could be worth $100/share in a takeover, says JPMorgan
After Bloomberg reported this afternoon that Salesforce has hired bankers to field takeover inquiries, JPMorgan analyst Mark Murphy told investors that he believes the stock could be worth $100 in a buyout. Shares closed the trading day up $7.76 to $74.65. A deal would be the largest in software history, and only a short list of companies could pull it off, Murphy wrote. Those companies are Microsoft (MSFT), Oracle (ORCL), IBM (IBM) and SAP (SAP), he believes. After pointing out JPMorgan has "no conclusive evidence to confirm or dispel the speculation," Murphy noted Salesforce CEO Marc Benioff was sitting in the front row of the Microsoft Build Conference this morning and that Oracle just raised $10B of debt. The analyst calls Salesforce a "rare asset" and the "pioneering leader of the cloud computing." He has an Overweight rating on the shares.
16:41 EDTAAPLApple Watch roll out slowed by defect in taptic engine component, WSJ says
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16:31 EDTAAPLApple found defects in 'taptic engine' of Apple Watch, DJ reports
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16:01 EDTAAPL, FBOptions Update; April 29, 2015
iPath S&P 500 VIX Short-Term Futures up 47c to 21.24 Option volume leaders: AAPL TSLA TWTR GILD FB AMZN C MCD BAC CRM BIDU WYNN according to Track Data.
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