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Stock Market & Financial Investment News

News For MSFT;HPQ;DELL;WDC;STX;GOOG;FB;LNKD From The Last 14 Days
Check below for free stories on MSFT;HPQ;DELL;WDC;STX;GOOG;FB;LNKD the last two weeks.
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August 26, 2014
13:15 EDTGOOGGoogle announces acquisition of Zync Render
Google announced in a corporate blog post that Zync Render, the visual effects cloud rendering technology behind Star Trek Into Darkness and Looper, is joining the Google Cloud Platform team. Reference Link
13:09 EDTGOOGAntitrust, breakup fee concerns hinder Google's Twitch acquisition, Forbes says
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12:37 EDTHPQHP recalls about 6M power cords due to fire hazard
Hewlett-Packard is recalling around 6M HP and Compaq notebook computer AC power cords. The recall includes 5,577,000 in the U.S. and 446,700 in Canada. HP has received 29 reports of power cords overheating and melting or charring resulting in two claims of minor burns and 13 claims of minor property damage. Reference Link
12:04 EDTGOOGVMware, 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.
11:55 EDTFBInstagram announces Hyperlapse from Instagram app
Instagram announced on its blog Hyperlapse from Instagram, "a new app to capture high-quality time lapse videos even while in motion. Traditionally, time lapse videos depend on holding your phone or camera still while you film. Hyperlapse from Instagram features built-in stabilization technology that lets you create moving, handheld time lapses that result in a cinematic look, quality and feel—a feat that has previously only been possible with expensive equipment." Reference Link
11:48 EDTLNKDLinkedIn management to meet with Piper Jaffray
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09:51 EDTLNKDOn The Fly: Analyst Initiation Summary
Cray (CRAY) initiated with a Buy at Stifel... Enphase Energy (ENPH) initiated with a Buy at Needham... FCB Financial (FCB) initiated with a Buy at UBS... FCB Financial initiated with an Overweight at JPMorgan... Goldman Sachs (GS) initiated with a Buy at MKM Partners... HealthEquity (HQY) initiated with a Neutral at RW Bair... Mobileye (MBLY) initiated with a Buy at Deutsche Bank... Mobileye initiated with a Neutral at Goldman... Mobileye initiated with a Neutral at RW Baird... Mobileye initiated with an Overweight at Barclays... RAIT Financial (RAS) initiated with an Outperform at JMP Securities... SunEdison (SUNE) initiated with an Outperform at FBR Capital... Mobileye initiated with an Outperform at Raymond James... Transocean Partners (RIG) initiated with an Overweight at Morgan Stanley... GT Advanced (GTAT) coverage resumed with an Overweight at Piper Jaffray... LinkedIn (LNKD) initiated with an Overweight at First Analysis... CSC (CSC) initiated with a Sector Perform at RBC Capital... United Natural Foods (UNFI) initiated with an Overweight at Stephens.
09:35 EDTFBActive equity options trading on open
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09:01 EDTMSFTElectronic Arts launches Madden NFL 15 on Xbox One, PS4
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08:04 EDTSTXSeagate says shipping 8TB hard disk drives
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07:57 EDTGOOGGoogle still has multiple positive catalysts, says Bernstein
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07:20 EDTMSFT, HPQTablets seen declining, notebooks growing in 2014, DigiTimes says
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07:03 EDTLNKDLinkedIn initiated with an Overweight at First Analysis
Target $280.
06:49 EDTHPQHP enters lawsuit against Deloitte regarding Autonomy deal, Reuters says
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06:10 EDTMSFTMicrosoft's web browser, media player targeted in China probe, Telegraph says
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August 25, 2014
19:58 EDTMSFTRoyalty cap for Nokia, Microsoft deal may be ordered by S. Korea, Bloomberg says
The Fair Trade Commission of South Korea may implement a cap on royalty fees for Nokia (NOK) patents as a condition when they hold a meeting next month to approve the Microsoft (MSFT), Nokia deal, Bloomberg reports, citing the Seoul Economic Daily. Reference Link
18:27 EDTWDCOn The Fly: After Hours Movers
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16:17 EDTWDCWestern Digital CFO Leyden to retire, Olivier Leonetti to succeed
Western Digital (WDC) announced that CFO Tim Leyden is retiring. He is being succeeded by Olivier Leonetti, who has served as vice president, finance at Amgen (AMGN) from 2011. Leyden will remain with the company through January 2015 in a transition role and advisory capacity to president and chief executive officer Steve Milligan and to Leonetti for an interim period to ensure a smooth transition. The changes are effective as of September 8.
16:00 EDTHPQOptions Update; August 25, 2014
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14:05 EDTGOOGAmazon has agreed to buy videogame site Twitch for more than $1B, WSJ reports
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13:31 EDTHPQJudge may not approve HP-shareholder settlement in Autonomy suit, Reuters says
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13:08 EDTGOOGAmazon in late-stage talks to buy Twitch, The Information reports
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13:06 EDTFBWhatsApp grows to 600M monthly active users
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12:01 EDTMSFTMicrosoft says Royal Caribbean providing 40K crew members with Windows tablets
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07:44 EDTGOOGMobileIron could benefit from BlackBerry replacements, says Deutsche Bank
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06:00 EDTGOOG, MSFTMicrosoft readying Chromecast competitor, GigaOM reports
Microsoft (MSFT) is building a competitor to Chromecast (GOOG), GigaOM reports, citing documents filed last week with the FCC. The documents reveal that the streaming dongle will come with an HDMI port, Wi-Fi and a USB connection for power supply. Reference Link
August 24, 2014
21:53 EDTGOOGNational Association of Chain Drug Stores to hold an expo
2014 NACDS Total Store Expo to be held in Boston on August 23-25.
16:46 EDTMSFT, GOOGChina looks to establish 'homegrown operating system,' Reuters says
China is looking to help its computer technology industry by developing its own "homegrown operating system by October," says Reuters. China's "homegrown operating system" would pose a challenge to imported rivals like Microsoft (MSFT), Google (GOOG) and Apple (AAPL), added Reuters. Reference Link
14:09 EDTGOOG, MSFTAmazon develops ad sales program in challenge to Google and Microsoft, WSJ says
Amazon (AMZN) is developing its own software for placing ads online that may utilize the online retailer's knowledge of millions of Web shoppers, says the Wall Street Journal. Amazon's new ad platform which is called Amazon Sponsored Links may be tested this year and is a potential challenge to Google's (GOOG) and Microsoft's (MSFT) advertising business, added the Wall Street Journal. Reference Link
August 22, 2014
16:42 EDTHPQMarket finishes week higher on economic data, earnings
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16:20 EDTHPQOn The Fly: Closing Wrap
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15:15 EDTGOOGGoogle wins victory in German publisher complaint, Re/code says
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13:53 EDTGOOGGoogle acquires Gecko Design
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13:40 EDTHPQRackspace off highs after Re/code says HP has no bid interest
The shares hit an intraday high at $34.75 and have moved lower after a report from Re/code said that HP (HPQ) has no interest in acquiring the company. Shares had moved up on a presumption of that interest. At the current price of $34.01 next support is at $33.17, the session low.
13:12 EDTHPQHP has no interest in acquiring Rackspace, Re/code reports
HP (HPQ) continues to have no interest in acquiring Rackspace (RAX), Arik Hesseldahl of Re/code reports, citing sources with direct knowledge of HP's plans. The move higher today in shares of Rackspace is being attributed to potential takeover interest from HP. Shares are off their highs, but remain up 2% to $33.90 in afternoon trading. Reference Link
13:09 EDTHPQHP has no interest in buying Rackspace, Re/code reports
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11:59 EDTMSFTGameStop surges after Q2 EPS, revenue beat expectations
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10:55 EDTHPQRackspace rallies 3%, or 86c, to $34.24
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August 21, 2014
18:22 EDTMSFTSalesforce.com CEO: Microsoft the number one customer of ExactTarget
Says Europe performing beyond expectations. Marc Benioff is speaking on CNBC.
18:01 EDTMSFTSalesforce.com targets $1.1B in cash flow at end of FY15
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17:02 EDTHPQIxia appoints Bethany Mayer as CEO
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16:46 EDTLNKDLinkedIn product head to leave company, effective October 3
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13:32 EDTHPQHP upgraded to Outperform from Sector Perform at FBN Securities
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13:00 EDTHPQOn The Fly: Midday Wrap
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12:59 EDTFBPrivacy lawsuit against Facebook draws support from 60,000 users, Reuters says
A class action lawsuit against Facebook Ireland, the division that runs the company's international business activities, has received support from more than 60,000 users and passed its first legal review, Reuters reports, citing the creator of the lawsuit, Australian law student Max Schrems. The lawsuit claims damages of $663 per Facebook user for alleged privacy violations. The Vienna Regional Court has ordered Facebook Ireland to respond to the claims made by the lawsuit within four weeks, Schrems added. Reference Link
12:30 EDTMSFTMicrosoft plans to unveil Windows 9 on September 30, The Verge reports
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11:44 EDTMSFT, HPQHP hits 52-week high after solid revenue growth, positive analyst commentary
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10:34 EDTHPQOptions Update; August 21, 2014
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10:02 EDTHPQActive calls at CBOE; AAPL C HPQ
Active calls at CBOE; AAPL 8/22/14 100 & 100, C Jan 55, HPQ 8/29/14 36
09:37 EDTHPQActive equity options trading on open
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09:19 EDTHPQHP CEO says in position to 'comfortably' do M&A
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09:04 EDTMSFTMicrosoft and TracFone announce collaboration
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08:44 EDTHPQHP price target raised to $40 from $36 at Morgan Stanley
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08:08 EDTHPQHP outlook still positive after results, says Wells Fargo
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07:51 EDTHPQHP bullish thesis remains intact, says Brean Capital
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06:35 EDTHPQHP CEO says firm in better place for future acquisitions, Reuters says
HP CEO Meg Whitman said that the company is in an improved spot at the moment to pursue acquisition opportunities than it has been in the past year since it now has $4.7B in net cash, according to Reuters, citing Whitman. Reference Link
06:27 EDTHPQHP results had more positive than negatives, says Deutsche Bank
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06:21 EDTGOOGGM product chief thinks Google might become 'threat,' Bloomberg says
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06:17 EDTHPQHP shares can continue to trade higher, says Citigroup
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06:05 EDTGOOGGoogle unit leads $100M infusion in Thumbtack, WSJ reports
Google's Google Capital unit is leading a $100M funding round in Thumbtack, a services marketplace, the Wall Street Journal reports. The investment, which also includes Tiger Global Management and Sequoia Capital, values Thumbtack at over $800M. Reference Link
August 20, 2014
18:35 EDTHPQOn The Fly: After Hours Movers
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18:00 EDTHPQHP says delivered YoY revenue growth for first time in three years in Q3
Says product line up is strongest in years with innovation "alive and well." Says product portfolio shifting to SaaS. Says the company is more nimble and better prepared than ever to respond to business conditions. Says can continue to gain market share in PC's. Expects to exit FY14 with $9B in cash flow and will resume share repurchases in Q4. Says M&A will be part of the future, but would prefer to grow organically. Comments from company's Q3 earnings conference call.
17:12 EDTHPQOn The Fly: Closing Wrap
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16:07 EDTHPQHP CEO Whitman says 'very pleased with progress'
"Overall, I'm very pleased with the progress we've made," said Meg Whitman, chairman, president and CEO, HP. "When I look at the way the business is performing, the pipeline of innovation and the daily feedback that I receive from our customers and partners, my confidence in the turnaround grows stronger."
16:07 EDTHPQHP reports Q3 Personal Systems revenue up 12% YoY
Personal Systems revenue was up 12% year over year with a 4.0% operating margin Commercial revenue increased 14% and Consumer revenue increased 8%. Total units were up 13% with Desktops units up 9% and Notebooks units up 18%. Printing revenue was down 4% year over year with an 18.4% operating margin. Total hardware units were down 5% with Commercial hardware units down 2% and Consumer hardware units down 6%. Supplies revenue was down 5%. Enterprise Group revenue was up 2% year over year with a 14.0% operating margin. Industry Standard Servers revenue was up 9%, Storage revenue was down 4%, Business Critical Systems revenue was down 18%, Networking revenue was up 4% and Technology Services revenue was down 3%. Enterprise Services revenue was down 6% year over year with a 4.1% operating margin. Application and Business Services revenue was down 4% and Infrastructure Technology Outsourcing revenue declined 8%. Software revenue was down 5% year over year with a 21.2% operating margin. License revenue was down 16%, support revenue was flat, professional services revenue was down 3% and software-as-a-service revenue was up 8%. HP Financial Services revenue was down 3% year over year with a 1% increase in net portfolio assets and a 14% increase in financing volume. The business delivered an operating margin of 9.2%.
16:05 EDTHPQHP sees FY14 adjusted EPS $3.70-$3.74, consensus $3.72
16:05 EDTHPQHP sees Q4 adjusted EPS $1.03-$1.07, consensus $1.05
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16:04 EDTHPQHP reports Q3 adjusted EPS 89c, consensus 89c
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16:01 EDTHPQOptions Update; August 20, 2014
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15:56 EDTHPQHewlett-Packard August weekly 35 straddle priced for 4.3% move into Q3
15:26 EDTHPQNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Hewlett-Packard (HPQ), consensus 89c; L Brands (LB), consensus 62c; Synopsys (SNPS), consensus 60c; CACI International (CACI), consensus $1.43; Semtech (SMTC), consensus 39c; Popeyes Louisiana Kitchen (PLKI), consensus 39c; America's Car-Mart (CRMT), consensus 60c.
13:46 EDTGOOGVerizon looking to build app store, The Information says
Verizon (VZ) is looking to partner with other companies to build an app store, according to The Information. Verizon's app store would compete with Google (GOOG) and Apple (AAPL), which already sell smartphone software, The Information noted. Reference Link
13:42 EDTHPQEarnings Preview: Analysts view HP positively ahead of Q3 earnings report
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11:54 EDTHPQHP technical comments before earnings
In the prior three months the shares have outperformed the broader averages, rising by more than 8%. The trend has had a decidedly bullish slant, with $36 at the high and $33 at the low. These bounds give us some guidance as to how price might behave depending on earnings and guidance. A breakout above $36 and notably the 52-week high at $36.21, would appear very probable if the news is better than already high expectations. Next major resistance would be at $38, a level not seen since early 2011. An extreme upside reaction could push the stock to $40.34. Given the strong bullish sentiment in the name, the risk may be more to the downside on a disappointment. The key level to watch on the downside if news or guidance is worse than expected is at the 50-day moving average, last at $34.57. A breakdown below the 50-day would break the intermediate-term uptrend and that would have bearish implications for future price. The $33 level would become the next important zone following such a break. A snap below $33 on an extreme disappointment would see $31.48 as next support.
09:36 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FOLD TSLA TWTR WHX FB TM NFLX X EOG
09:24 EDTGOOGVringo intends to seek en banc review of decision in I/P Engine case
Vringo (VRNG) announced that its wholly-owned subsidiary I/P Engine, Inc. intends to file a petition with the United States Court of Appeals for the Federal Circuit seeking en banc review of the split appellate decision in its case against AOL (AOL), Google (GOOG) et al. that issued on August 15 and reversed the judgment of the United States District Court for the Eastern District of Virginia. Under the Federal Circuit's rules, I/P Engine's petition for en banc review is due on September 15. I/P Engine has filed an unopposed motion seeking a 30-day extension, which would make its petition due October 15. Upon receiving the requested extension, I/P Engine may file the petition on or anytime prior to October 15.
08:59 EDTHPQHewlett-Packard weekly volatility increases into Q3 and outlook
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08:49 EDTHPQHP shares have dropped in August over past four years, Re/code reports
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08:01 EDTLNKDAd spending on LinkedIn reportedly rising, says Pacific Crest
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07:58 EDTMSFTBallmer stepping down a positive for Microsoft, says FBR Capital
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07:01 EDTGOOGGarmin introduces first Android-based fleet navigators
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06:36 EDTGOOG, MSFTIliad speaks to Google, Microsoft regarding T-Mobile offer, NY Post says
After Iliad's (ILIAF) surprise bid for T-Mobile (TMUS) was rejected, the firm is now in contact with , personnel at Google (GOOG) and Microsoft (MSFT) about working together to come up with a larger offer for the company, according to the New York Post, citing a "well-placed" source. Reference Link
August 19, 2014
17:14 EDTMSFTOn The Fly: Closing Wrap
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14:12 EDTMSFTBallmer steps down from Microsoft board, sees holding shares
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11:25 EDTMSFTHTC unveils the HTC One for Windows
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11:05 EDTHPQImperva seen as takeover candidate under new CEO
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10:32 EDTLNKDRumor: LinkedIn moves lower on speculation of a large investor short position
09:38 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA CELG VLO VZ FB HD
08:59 EDTHPQHewlett-Packard volatility increases into Q3 and outlook
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08:42 EDTHPQImperva new CEO has history of selling companies, says Sterne Agee
After Imperva (IMPV) appointed Anthony Bettencourt as its new CEO, Sterne Agee says that he has a history of selling companies. The firm believes that Imperva "would likely be an acquisition candidate" for a number of large tech companies such as Cisco (CSC), Juniper (JNPR), HP (HPQ), IBM (IBM), Check Point (CHKP), or F5 (FFIV). Sterne Agee believes that Imperva could be acquired for as much as $45 per share, and it keeps a Buy rating on the stock.
06:50 EDTGOOGImages show impending Google music subscription service, Android Police says
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06:13 EDTGOOGContinental AG hires Google's Seval Oz to lead new division, WSJ reports
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05:57 EDTGOOGGoogle to offer accounts to children under 13, WSJ reports
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August 18, 2014
13:12 EDTHPQ, GOOG, MSFTMicrosoft getting ready to launch Chromebook challengers, 9to5Google says
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10:01 EDTHPQOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Achillion (ACHN) upgraded to Buy from Hold at Deutsche Bank... CNOOC (CEO) upgraded to Neutral from Underperform at Credit Suisse... Dollar General (DG) upgraded to Buy from Neutral at Sterne Agee... Equity Residential (EQR) upgraded to Hold from Underperform at Jefferies... HMS Holdings (HMSY) upgraded to Overweight from Equal Weight at First Analysis... HP (HPQ) upgraded to Buy from Neutral at Monness Crespi... Halcon Resources (HK) upgraded to Buy from Hold at MLV & Co.... KapStone (KS) upgraded to Buy from Hold at Deutsche Bank... Sportsman's Warehouse (SPWH) upgraded at RW Baird... Westlake Chemical (WLK) upgraded to Neutral from Reduce at SunTrust... WisdomTree (WETF) upgraded to Neutral from Sell at Citigroup... Zimmer (ZMH) upgraded to Outperform from Market Perform at William Blair.
09:35 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN DG TSLA GILD FB ABX WFC C
09:20 EDTFBFacebook Q3 North American revenue tracking slightly above, says ITG Research
ITG Research said Facebook's Q3 North American revenue is tracking to $1.45B vs. consensus of $1.4B.
07:41 EDTHPQHP upgraded to Buy from Neutral at Monness Crespi
07:39 EDTHPQHP remains a top pick ahead of Q3 results at Deutsche Bank
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06:47 EDTFBFacebook volatility at low end of historic range
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August 17, 2014
14:05 EDTGOOGGoogle acquires digital photo analysis startup Jetpac
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August 15, 2014
13:35 EDTFBFacebook July metrics remain strong, says JPMorgan
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12:39 EDTGOOGOn The Fly: Midday Wrap
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11:45 EDTGOOGVringo confirms adverse ruling in patent suit with Google, others
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11:15 EDTGOOGVringo falls after patent win against Google, AOL reversed on appeal
The U.S. Court of Appeals for the Federal Circuit that patents claims asserted by I/P Engine, a unit of Vringo (VRNG), are invalid for obviousness and reversed a lower court's ruling in the company's favor. The patents were asserted in a suit against Google (GOOG) and Aol (AOL), IAC Interactive (IACI) and Gannett (GCI). Vringo shares dropped nearly 11% following the posting of the appeal court ruling. Reference Link
11:11 EDTGOOGU.S. Court says Vringo patents in Google case are invalid, Bloomberg Reports
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10:09 EDTGOOGSony expected to debut Smartwatch 3 next month, GigaOM reports
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09:39 EDTMSFTNPD: Sony's PS4 beats out Xbox One in July, BGR reports
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07:25 EDTFBFacebook Messenger said to receive harsh criticism, FT reports
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06:00 EDTFBFacebook's Sam Lessin leaving company, Business Insider reports
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August 14, 2014
18:04 EDTMSFTInterDigital loses patent case against Nokia, ZTE, Bloomberg reports
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17:27 EDTFB, GOOGAppaloosa gives quarterly update on stakes
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17:08 EDTFB, GOOGSoros Fund Management gives quarterly update on stakes
NEW STAKES: CONSOL Energy (CNX), Google (GOOG), Level 3 (LVLT), Time Warner (TWC), and New Oriental (EDU). INCREASED STAKES: YPF SA (YPF), Apple (AAPL), Facebook (FB), AIG (AIG), and American Airlines (AAL). DECREASED STAKES: Teva (TEVA), Liberty Global (LBTYK), Barrick Gold (ABX), EQT (EQT), and Comcast (CMCSA). LIQUIDATED STAKES: FedEx (FDX), Monster Beverage (MNST), Google (GOOGL), Devon Energy (DVN), Marathon Petroleum (MPC).
15:24 EDTHPQHewlett-Packard volatility increases into Q3 and outlook
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09:36 EDTGOOG, FBActive equity options trading on open
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07:25 EDTFB, LNKDCLSA to hold meetings
Silicon Valley Meetings consisting of meeting with various companies in the Silicon Valley area will be held on August 14-15.
06:09 EDTHPQ, GOOGGoogle, HP in talks to collaborate on 'virtual assistant,' The Information says
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05:47 EDTLNKDLinkedIn Sales Navigator could be $4.3B opportunity, says Piper Jaffray
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August 13, 2014
14:54 EDTMSFTEarnings Preview: Cisco reports following Deutsche upgrade, Pac Crest downgrade
Cisco Systems (CSCO) is scheduled to report fourth quarter results after the market close on Wednesday, August 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 $12.14B, according to First Call. The consensus range for EPS is 51c-54c on revenue of $11.8B-$12.25B. Along with its last quarterly report, Cisco guided to Q4 adjusted EPS of 51c-53c and said it expects its revenue to be down 1% to 3% in the quarter compared to the prior year. At that time, the company also said it sees its FY14 adjusted EPS to come in at the higher end of its previously communicated $1.95-$2.05 range. LAST QUARTER: On May 14, Cisco reported third quarter adjusted EPS of 51c, beating the consensus analyst forecast of 48c. It's revenue came in at $11.5B, topping the $11.38B consensus forecast. Cisco reported a Q3 adjusted gross margin of about 62.7%. NEWS: On June 17, Cisco announced its intent to acquire privately held Tail-f Systems, whose products help service providers and enterprise IT organizations easily and cost-effectively implement applications, network services and solutions across networking devices. Upon completion of the acquisition, which is expected to be complete in Q4, Tail-f employees will join Cisco's Cloud and Virtualization Group. About two weeks later, tech blog Gigaom reported that Cisco has acquired British firm Assemblage for technology that uses real-time collaboration that does not require the user to download programs or plug-ins. On July 15, Cisco announced a multi-year sales and go-to-market agreement with Microsoft (MSFT) designed to modernize data centers through the delivery and acceleration of integrated solutions. Cisco and Microsoft will both invest in sales, marketing and engineering resources to drive global alignment, while delivering deeper technology integration across cloud and data center markets, the companies stated. STREET RESEARCH: On May 21, Northland said that after speaking with Cisco's management and attending Cisco Live, the firm believed that the company is taking share form Arista Networks (ANET), which has since come public. The firm added that it did not believe that Juniper (JNPR) has gained traction in data center switching and it recommended Cisco as a cyclical recovery play and a relative bargain to peers. About a week later, Deutsche Bank upgraded its rating on Cisco shares to Buy from Hold, citing expectations that the company's new product ramps in FY15 and FY16 will be stronger than expected. Deutsche said then that it saw upside to consensus estimates and raised its price target for Cisco shares to $30 from $25. On July 28, Pacific Crest downgraded its rating on Cisco shares to Sector Perform from Outperform, citing valuation and concern that the company's margin expansion could moderate in 2015. The firm believes Cisco shares are fairly valued at $26. Less than a week ago, Morgan Stanley said its checks indicate the enterprise market is improving. The firm said it expects Cisco's outlook to be conservative and said concerns over rapid software-defined networking adoption and margin impact are overblown. Morgan Stanley has an Overweight rating with a $30 price target on Cisco. PRICE ACTION: In the last three months, Cisco has advanced about 9.5%. In afternoon trading ahead of tonight's report, Cisco shares are down 0.5% to $25.01.
14:15 EDTFBFacebook launches cross-device reporting for ads
Facebook announced a way to track performance of advertising across devices. The company said in a blog post: "Today we’re launching cross-device reporting for Facebook ads, enabling advertisers to see for the first time how people are moving between devices — across mobile apps and the web — before they convert." Facebook continued, "Imagine seeing an ad for a product on your mobile phone while in line at the bank. Do you immediately make a purchase on your phone? Probably not. But perhaps you go back to your office later that day and buy on your desktop computer. Such cross-device conversions are becoming increasingly common as people move between their phones, tablets and desktop computers to interact with businesses." Reference Link
12:00 EDTFBStocks with call strike movement; YHOO FB
Yahoo (YHOO) January 42 call option implied volatility decreased 2% to 39, Facebook (FB) December 82.5 call option implied volatility decreased 3% to 35 according to IVolatility.
11:41 EDTGOOGAmazon payment move complements e-commerce platform, says RW Baird
Baird said Amazon's (AMZN) launch of the "Local Register" payment and card reader system is not a surprise after the company's acquisition of assets from GoPago and that the move is complementary to Amazon's e-commerce platform. Baird said Amazon's system will compete with Square and eBay's (EBAY) payment product "Here" and added that it expects Google (GOOG) and Apple (AAPL) to expand their existing payment initiatives. The firm maintains its Outperform rating and $400 price target on Amazon.com.
11:04 EDTFBInstagram names James Quarles as new ad chief, Re/code reports
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09:37 EDTGOOGActive equity options trading on open
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07:55 EDTHPQHP free cash flow upside thesis intact, says Brean Capital
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06:35 EDTLNKDLinkedIn aims for new business valued at $1B, Business Insider says
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06:34 EDTLNKDLinkedIn coverage resumed with a Buy at Stifel
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06:34 EDTGOOGGoogle coverage resumed with a Buy at Stifel
Target $700.
06:33 EDTFBFacebook coverage resumed with a Buy at Stifel
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06:13 EDTGOOGGartner: Google Chromebooks to reach 5.2M units in 2014, DigiTimes says
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