New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 1, 2014
06:00 EDTGOOG, MSFT, AMZNMicrosoft drops Azure prices in response to Google, Amazon, TechCrunch says
Microsoft has cut prices on Azure by 35% and storage prices by up to 65% in response to recent cuts by Google (GOOG) and Amazon (AMZN) for similar products, TechCrunch reports. The new prices will take effect on May 1. Reference Link
News For MSFT;GOOG;AMZN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>
May 13, 2015
18:09 EDTAMZNWal-Mart to launch $50 unlimited shipping service in summer, AP says
Subscribe for More Information
16:01 EDTMSFTMicrosoft blog post refrains from using 'Windows Phone' branding
Subscribe for More Information
15:43 EDTGOOGGoogle moves corporate applications to cloud, WSJ says
Subscribe for More Information
15:04 EDTMSFTEarnings Watch: Cowen says Cisco better positioned than most believe
Cisco Systems (CSCO) is scheduled to report results of its third fiscal quarter after the market close on Wednesday, May 13, with a conference call scheduled for 4:30 pm ET. Cisco, a member of the Dow Jones Industrial Average, sells Internet protocol-based networking and other products related to the communications and IT industry and provides related services. EXPECTATIONS: Analysts are looking for earnings per share of 53c on revenue of $12.07B, according to First Call. The consensus range for EPS is 52c-54c on revenue of $11.99B-$12.46B. Along with its last quarterly report, Cisco guided for Q3 EPS of 51c-53c and said it expects its revenue to be up 3%-5% in the quarter compared to the prior year. LAST QUARTER: On February 1, Cisco reported second quarter EPS of 53c, beating the consensus analyst forecast of 51c. Revenue came in at $11.94B, topping the $11.8B consensus forecast. At that time Cisco also raised its quarterly dividend to 21c from 19c. NEWS: On March 11, Cisco announced an extension of its cloud and data center relationship with Microsoft (MSFT) to include a new technology platform designed to accelerate service delivery and streamline the journey to the Intercloud for cloud providers. The new integrated solution combines Windows Azure Pack and Cisco Application Centric Infrastructure to help cloud providers "rapidly deliver hybrid cloud services while drastically simplifying operations and reducing costs," the company said. On May 4, Cisco announced that its board has appointed Chuck Robbins, who most recently served as Cisco's senior vice president of worldwide operations, as CEO, effective July 26. Current CEO John Chambers will assume the role of executive chairman and will continue to serve as the chairman of Cisco's board. STREET RESEARCH: On the day after the company's last report, research firm Piper Jaffray said it saw little downside risk in Cisco shares and believes Cisco is benefiting from a switching upgrade cycle that should sustain throughout 2015. The firm kept an Overweight rating on the stock with a $33 price target. Conversely, Citigroup said that despite the improving demand seen in Q2, Cisco shares remained fully priced at its levels at that time. Citi raised its price target for shares to $25 from $22, but kept a Sell rating on the name. The day after Cisco announced its CEO transition plan, Cowen said it thinks the company is better positioned and business is trending better than most investors believe, as evidenced by the timing of its CEO change. The firm, which believes Robbins is an excellent choice to replace Chambers, reiterated its Outperform rating and $35 price target on Cisco shares. Earlier this week, Pacific Crest upgraded Cisco to Outperform from Sector Perform, as the firm believes the April quarter results could signify the start of a multi-quarter recovery driven by new product cycles across switching, routing, wireless and servers. Pacific Crest, which thinks improving fundamentals and cloud momentum can drive multiple expansion in the second half of 2015 and into 2016, set a $36 price target for Cisco shares. PRICE ACTION: In afternoon trading ahead of Wednesday's report, Cisco shares are up fractionally to $29.30. In the last three months, Cisco shares have declined about 0.5%.
14:52 EDTAMZNAmazon launches new mobile advertising platform
Amazon has launched a new advertising platform for mobile app developers that promises to "promote your app to millions of users on Fire tablet wakescreens and mobile placements on the Amazon Mobile Ad Network." Amazon automatically generates advertisements once an ad placement order is submitted, and touts that an ad campaign can be launched in as little as 90 seconds. Reference Link
13:28 EDTAMZNWal-Mart set to launch Amazon Prime rival, The Information reports
Wal-Mart (WMT) is nearing the launch of a subscription fast-shipping service that will compete with Amazon Prime (AMZN), Amir Efrati of The Information reports, citing people involved with or briefed on the product. The service is an attempt to boost Wal-Mart's online business and should launch in the next few weeks after being pushed back for technical and other issues, Efrati adds. Shares of Amazon are down $2.63 to $428.39 in afternoon trading while Wal-Mart is down 66c to $78.30. Reference Link
13:23 EDTAMZNWal-Mart set to launch rival to Amazon Prime, The Information reports
Subscribe for More Information
10:01 EDTMSFTOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:39 EDTAMZNActive equity options trading on open
Subscribe for More Information
09:04 EDTAMZNHouse Judiciary Committee to hold a hearing
The Subcommittee on Courts, Intellectual Property and the Internet holds a hearing entitled, "Stakeholder Perspectives on ICANN: The .Sucks Domain and Essential Steps to Guarantee Trust and Accountability in the Internets Operation" with Vice President Misener of Amazon.com on May 13 at 10 am. Webcast Link
08:00 EDTGOOGGoogle fight with EU over 'right to forget' may end up back in court, WSJ says
Google has set up a detailed process to comply with the European Union's "right to forget" rules and removed hundreds of thousands of links in search results for people's names from the European versions of its search engine, but European regulators argue that the company is undermining the decision by not applying it globally, reported The Wall Street Journal. Google says it wants to avoid seting a precedent that one region can set global rules for the Internet and the fight may end up back in court, the report added. Reference Link
06:11 EDTGOOGBoeing ends work on only small satellite program, WSJ reports
Boeing is no longer working on a program for HySpecIQ, a private equity-backed startup, which had ordered two Boeing 502 Phoenix satellites that were expected to be launched in 2018, The Wall Street Journal reports. Boeing has ended work on the imaging spacecraft, its only small satellite order, due to the downturn in the natural resources market, the publication adds.
06:07 EDTMSFTMicrosoft upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Karl Keirstead upgraded Microsoft to Buy saying weak PC market sentiment is priced into the stock at current levels while Azure and Office 365 optimism is "just starting" to take hold. The analyst sees more positive than negative catalysts and raised his price target for Microsoft shares to $55 from $44. Shares of the computing giant closed yesterday down 2c to $47.35.
May 12, 2015
11:47 EDTGOOGYouTube's engineering head Panchapakesan dies, Re/code reports
Subscribe for More Information
10:27 EDTMSFTAppeals court upholds InterDigital loss in patent fight with Microsoft, ZTE
The U.S. Court of Appeals for the Federal Circuit affirmed the final determination of the International Trade Commission finding no violation of Section 337 of the Tariff Act was committed by Microsoft (MSFT) and ZTE related to patents held by InterDigital (IDCC). The patents at issue in the case are directed to cellphone technology, and in particular, code division multiple access networks, according to the appeals court ruling.
09:14 EDTGOOGApps World to hold a conference
Subscribe for More Information
07:00 EDTGOOGPublishers contend with Facebook clout as traffic-driving power grows, WSJ says
Subscribe for More Information
06:53 EDTGOOGGoogle sees India business doubling every year, Economic Times says
Subscribe for More Information
06:07 EDTGOOGGoogle's Urmson: Self-driving cars not the cause of accidents, Medium reports
Subscribe for More Information
06:04 EDTGOOGGoogle's self-driving cars in three collisons since September, AP reports
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use