New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For MSFT;HPQ;INTC;ACAD;FTNT;YUM;RAD;AMRS;BYD;ZUMZ;PIR 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 | 7 | 8 | all recent news | >>
May 29, 2015
05:38 EDTINTCIntel close to buying Altera for up to $54/share, NY Post reports
Intel (INTC) is near a deal to buy rival Altera (ALTR) for about $15B or up to $54 per share, Josh Kosman of the New York Post reports, citing a source close to the situation. Altera reportedly rejected an earlier buyout price from Intel of $54 per share, but that was before it reported disappointing earnings results, Kosman points out. Intel has no interest in competing with Avago (AVGO) to acquire Broadcom (BRCM), a source told the reporter. Shares of Altera are trading up $4.52 to $51.49 in the pre-market. Reference Link
May 28, 2015
13:08 EDTFTNTCybersecurity stocks rise after Palo Alto results, IRS security breach
Shares of cybersecurity firms are trading higher on an otherwise down day after Palo Alto Networks (PANW) reported third quarter financial results that surpassed analysts' expectations amidst a reported breach at the Internal Revenue Service that is seen compromising the security of more than 100,000 U.S. taxpayers. WHAT'S NEW: Wednesday night, Palo Alto reported Q3 earnings per share of 23c and revenue of $234.17M, surpassing analysts' consensus estimates of 20c and $223.22M, respectively.The company also gave in-line guidance for Q4 EPS and Q4 revenue guidance that surpassed analysts' expectations. WHAT'S NOTABLE: On Wednesday, the IRS said nearly 100,000 taxpayers had their accounts accessed in a cyber breach. The IRS announced that criminals used taxpayer-specific data acquired from non-IRS sources to gain unauthorized access to information on approximately 100,000 tax accounts through the IRSís "Get Transcript" application. This data included Social Security information, dates of birth and street addresses. ANALYST REACTION: This morning, Palo Alto had its price target raised by a number of Wall Street firms including JMP Securities, which increased its price target to $210 from $200. JMP Securities increased its price target on Palo Alto after the company reported stronger than expected Q3 results. The firm thinks the results reinforce its thesis that Palo Alto will become the market share leader in the network security market over time. The firm kept its Outperform rating on the shares. PRICE ACTION: In midday trading, shares of Palo Alto Networks are up over 4%, FireEye (FEYE) shares are up nearly 4%, Fortinet (FTNT) is up almost 1.3%, and Check Point (CHKP) is higher by 1.3%. OTHERS TO WATCH:Other companies in the cybersecurity space include Barracuda Networks (CUDA), F5 Networks (FFIV), Imperva (IMPV), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).
11:17 EDTMSFTBofA/Merrill software analyst holds an analyst/industry conference call
Subscribe for More Information
10:03 EDTPIROn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:05 EDTINTCIntel partners with SoftServe for Internet of Things solutions
Subscribe for More Information
05:50 EDTINTCTSMC expects to beat Samsung in 10nm race, DigiTimes reports
TSMC (TSM) expects to beat Samsung (SSNLF) in ramping up production on its 10nm lines, reports DigiTimes. TSMC expects Intel (INTC) to be a major competitor in the 10nm FinFET race. Reference Link
05:49 EDTHPQMarket to see six 2-in-1 Chromebooks for 2015, DigiTimes reports
Subscribe for More Information
May 27, 2015
19:42 EDTYUMYum! Brands CEO says hypothetical Taco Bell delivery service would be 'huge'
Subscribe for More Information
16:09 EDTPIRPier 1 Imports initiated with a Buy at Cantor
Subscribe for More Information
15:00 EDTINTCBroadcom, Avago deal would make strategic sense, says Piper Jaffray
Piper Jaffray analyst Ruben Roy said he believes a merger deal between Broadcom (BRCM) and Avago (AVGO), as the companies were said by the Wall Street Journal to be discussing, would make strategic sense. Roy said that if average take-out multiples in the semiconductor space over the past several years are used as a guide, Broadcom could be valued near $58 per share in a takeover. He added that he thinks Intel (INTC) could continue to be interested in Broadcom, especially with its reported talks to buy Altera (ALTR) "in limbo." Roy maintains a Neutral rating on Broadcom shares.
13:55 EDTFTNTFortinet deal for Meru Networks small but meaningful, says JPMorgan
Subscribe for More Information
10:35 EDTHPQBMO Capital to hold a tour
Subscribe for More Information
10:30 EDTYUMYum! Brands says KFC still 'quintessential' QSR brand and not just China brand
Subscribe for More Information
10:23 EDTYUMYum! Brands sees positive SSS in China in 2H15
Also sees improvement restaurant margin and operating profit in 2H15. Expects 20,000 restaurants in China for the long-term. The company said it expects to aggressively test more unique value options in Pizza Hut, including competitive price points. Expects to open 600 new units in its international division this year for Pizza Hut International. Says Taco Bell is "firing on all cylinders." Comments taken from Bernstein Annual Strategic Decisions Conference.
10:01 EDTRADOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abbott (ABT) initiated with a Buy at Evercore ISI... Aldeyra (ALDX) initiated with a Buy at Janney Capital... Black Stone Minerals (BSM) initiated with a Neutral at Credit Suisse... Boston Scientific (BSX) initiated with a Buy at Evercore ISI... Cidara Therapeutics (CDTX) initiated with a Buy at BTIG... Coach (COH) initiated with an Underweight at BB&T... Diplomat Pharmacy (DPLO) initiated with an Outperform at Raymond James... EPIRUS (EPRS) initiated with a Buy at BTIG... Enviva (EVA) initiated with a Buy at Citigroup... General Finance Corp (GFN) initiated with an Outperform at Oppenheimer... Hortonworks (HDP) initiated with an Outperform at Oppenheimer... Jarden (JAH) initiated with a Buy at UBS... Kate Spade (KATE) initiated with a Buy at BB&T... Medtronic (MDT) initiated with a Hold at Evercore ISI... MoneyGram (MGI) initiated with a Neutral at Goldman... Opexa Therapeutics (OPXA) initiated with a Buy at Maxim... Paratek Pharmaceuticals (PRTK) initiated with a Buy at BTIG... Progenics (PGNX) initiated with a Buy at BTIG... Rite Aid (RAD) initiated with a Buy at Mizuho... St. Jude Medical (STJ) initiated with a Buy at Evercore ISI... Starwood Waypoint (SWAY) initiated with an Outperform at Wells Fargo... Talen Energy (TLN) initiated with a Hold at Deutsche Bank... Ulta Salon (ULTA) initiated with a Buy at Buckingham... Vipshop (VIPS) initiated with a Buy at Stifel... Virtu Financial (VIRT) initiated with a Neutral at Citigroup... Vista Outdoor (VSTO) initiated with a Buy at Wunderlich... ZELTIQ (ZLTQ) initiated with a Buy at Northcoast... eBay (EBAY) initiated with a Buy at Topeka.
09:09 EDTFTNTFortinet agrees to acquire Meru Networks for $1.63 per share
Subscribe for More Information
07:40 EDTMSFTInfoblox should be bought on any weakness, says Cowen
Subscribe for More Information
07:20 EDTMSFTMicrosoft bringing Cortana assistant to iOS, Android, The Verge reports
Subscribe for More Information
06:52 EDTINTCIntel recent weakness a buying opportunity, says Jefferies
Jefferies sees a good setup for shares of Intel in the second half of 2015 and recommends buying the stock following the recent weakness. The firm sees the potential for upside surprises in the second half as PC inventory restocks and reiterates a Buy rating on Intel with a $48 price target.
06:13 EDTMSFTTech companies look for ways to fend off activist investors, WSJ reports
Subscribe for More Information
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 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