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Stock Market & Financial Investment News

News For MSFT;HPQ;INTC;ACAD;FTNT;YUM;RAD;AMRS;BYD;ZUMZ;PIR From The Last 14 Days
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October 31, 2014
12:24 EDTMSFTMicrosoft dismisses entire global ad sales team, Business Insider says
Microsoft has laid off its entire global ad sales team, according to Business Insider, which cited unnamed sources. Reference Link
10:51 EDTBYDHigh option volume stocks
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10:22 EDTYUMYum! Brands calls active amid speculation it could spin-off China operations
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10:08 EDTYUMRumor: Yum! Brands moves up amid speculation it could spin-off China operations
09:10 EDTBYDOn The Fly: Pre-market Movers
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06:57 EDTMSFT, INTCSkylake processor delay may weaken Windows 10 notebook demand, DigiTimes says
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06:27 EDTHPQStratasys CEO sees growth despite HP 3D printing plans, Reuters says
In light of HP's (HPQ) 3D printer launch, Stratasys (SSYS) CEO David Reis feels that even if more competitors enter the 3D printing market, he believes that the industry will allow Stratasys and other companies to flourish, according to Reuters, citing comments from Reis. Reference Link
05:47 EDTINTCStocks with implied volatility movement; SMH INTC
Stocks with implied volatility movement; Market Vectors Semiconductor (SMH) 26, Intel (INTC) 26 according to iVolatility.
October 30, 2014
18:39 EDTINTC, BYDOn The Fly: After Hours Movers
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17:38 EDTBYDBoyd Gaming evaluating possibility of forming REIT
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16:22 EDTBYDBoyd Gaming sees 2014 adjusted EBITDA $590M-$600M
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16:21 EDTBYDBoyd Gaming reports Q3 adjusted EPS 0c, consensus 2c
Reports Q3 revenue $738.8M, consensus $734.89M.
15:30 EDTBYDNotable companies reporting after market close
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15:28 EDTINTC, MSFTIntersil sees lower sequential computing revenue as PC builds slow
Shares of Intersil (ISIL), which makes analog integrated circuits for the personal computer market, are lower after the company reported Q3 results that missed analysts' expectations. The company also gave Q4 guidance well below the consensus view for both earnings and revenue. On its earnings conference call last night, the company said it sees slowing sequential demand in part due to lower PC builds. Stocks that are leveraged to the PC sector include Intel (INTC), Texas Instruments (TXN), Advanced Micro Devices (AMD) and Microsoft (MSFT). In late day trading, shares of Intersil fell $1.81, or 12.9%, to $12.27.
08:31 EDTRADRite Aid reports October SSS up 5.5%
For the four weeks ended Oct. 25, 2014, same store sales increased 5.5 percent over the prior-year period. October front-end same store sales increased 2.0 percent. Pharmacy same store sales, which included an approximate 228 basis points negative impact from new generic introductions, increased 7.1 percent. Prescription count at comparable stores increased 4.9 percent over the prior-year period. Total drugstore sales for the four-week period increased 5.0 percent to $2.058 billion compared to $1.961 billion for the same period last year.
06:36 EDTMSFTMicrosoft unveils Microsoft Band wearable device
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06:35 EDTMSFTMicrosoft reduces 3K jobs, completes workforce decrease plan, Reuters says
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06:34 EDTMSFTHBO sees opportunity to offer streaming option through Apple TV, Xbox, WSJ says
According to sources, HBO, a unit of Time Warner (TWX), is currently examining methods to offer consumers a standalone streaming video service, including as an add-on to broadband packages or through Apple TV (AAPL), Microsoft's (MSFT) Xbox, Amazon (AMZN) devices, or Roku, reports the Wall Street Journal. Reference Link
06:28 EDTRADMajor merchant group could accept NFC technology, NY Times says
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06:04 EDTRADMCX says unauthorized parties obtained email addresses of CurrentC participants
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October 29, 2014
12:21 EDTMSFTElectronic Arts surges after 'beat and raise' quarterly report
Shares of video game maker Electronic Arts (EA) are surging after the company's second quarter earnings per share and revenue topped analysts' estimates. The company also raised its fiscal year 2015 guidance. WHAT'S NEW: Electronic Arts' Q2 adjusted EPS was 73c, which beat analysts' consensus of 53c. The company's revenue for the quarter was $1.22B, which beat estimates of $1.16B. The video game maker anticipates third quarter EPS to be 90c, which is higher than analysts' 86c consensus. The company expects Q3 revenue of approximately $1.275B, which is slightly lower than analysts' expectations of $1.3B. Electronic Arts raised its FY15 EPS outlook to $2.05 from $1.85, which is higher than analysts' consensus of $1.92 prior to the new outlook. The company raised its FY15 revenue view to $4.175B from $4.1B, which was slightly ahead of the consensus estimate prior to the report. WHAT'S NOTABLE: EA stated that, in the calendar year to date, the company continues to be the number one publisher on Sony's (SNE) PlayStation4 and Xbox One consoles in the Western World, led by FIFA 15, NHL 15, Madden NFL 15, Titanfall, Battlefield 4, and FIFA 14. Electronic Arts noted that "Battlefield: Hardline" will debut on March 17, 2015 in North America and March 19, 2015 in Europe. On July 29, Electronic Arts announced in a post to its corporate blog that the company partnered with Microsoft (MSFT) to deliver EA Access, a new monthly, or annual, membership for gamers exclusively on Xbox One that starts at $4.99 a month. ANALYST REACTION: RW Baird analyst Colin Sebastian feels that digital growth was a notable aspect of Electronic Arts' Q2 earnings results. He said the quarter was driven by the combination of a rise in digital content sales and improved cost controls. Sebastian anticipates the video game maker will continue to improve its operating performance and benefit from solid growth in the future. Sebastian increased his price target on the stock to $45 from $43 and maintained an Outperform rating on the stock. Brean Capital analyst Todd Mitchell believes that Electronic Arts' Q2 earnings results will probably be out-shone by the push-back of its Battlefield 5 game to 2017. Mitchell expects Electronic Arts to sell approximately 4M units of "Battlefield: Hardline" by the end of FY15. He kept a Buy rating on Electronic Arts and raised his price target on the stock to $43 from $40. OTHERS TO WATCH: Electronic Arts peer Activision Blizzard (ATVI) is scheduled to give its Q3 earnings report on November 4. Another competitor, Take-Two (TTWO), is set to release its Q2 earnings numbers later on this afternoon. PRICE ACTION: Near noon, Electronic Arts climbed 3.6% to $38.83. Earlier in the session the stock hit a new 52-week high of $40.34.
11:13 EDTHPQHP unveils Multi Jet Fusion 3D printer, Sprout Immersive Computing platform
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10:04 EDTHPQ3D Systems, Stratasys drop after HP confirms 3D printer launch
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10:00 EDTHPQHewlett-Packard says 3D printer targeting central production
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09:48 EDTHPQHP confirms plans to launch faster, lower-cost 3D printer system
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09:42 EDTHPQActive equity options trading
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07:53 EDTRADMCX member stores block Apple Pay amid threat of fines, NY Times says
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07:17 EDTMSFTAmazon hires CIOs to pitch AWS to customers, WSJ reports
As it continues to face increasing competition from IBM (IBM), EMC (EMC) and Microsoft (MSFT), Amazon (AMZN) is hiring chief information officers to pitch its AWS business to customers, according to the Wall Street Journal. Amazon recently hired former Dow Jones CIO Stephen Orban to become head of enterprise strategy at Amazon Web Services, while Douglas Menefee, CIO of Schumacher Group from 2005 to 2013, joined AWS as an enterprise CIO advisor earlier this year. Reference Link
06:26 EDTMSFT, INTCMicrosoft cooperates with Intel to offer subsidies for desktops,, DigiTimes says
Microsoft (MSFT) will cooperate with Intel (INTC) to offer subsidies to promote Windows 8.1 with Bing for entry-level desktops and 18.5-inch non-touch-screen all-in-one PCs, reports DigiTimes. According to Taiwan-based supply chain makers, Microsoft is hoping the new solutions will held defend its market share with Google (GOOG) aggressively promoting its Chromebox among vendors. Reference Link
October 28, 2014
10:52 EDTFTNTIT security stocks climb after FireEye upgrade, Radware outlook
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09:34 EDTBYDNevada reports September statewide gaming win down 5.97% to $901.7M
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07:46 EDTHPQHP awarded $116M contract extension by CDCR
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07:20 EDTHPQTechAmerica Foundation to hold a conference
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06:38 EDTRADApple says Apple Pay in 220,000 locations already, Business Insider reports
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06:25 EDTHPQLenovo, Dell, Asustek eye Chromebook market, DigiTimes reports
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06:05 EDTRADApple head responds as retailers bar Pay service, Reuters says
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05:57 EDTHPQStocks with implied volatility movement; SLB HPQ
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October 27, 2014
14:14 EDTMSFTMicrosoft offering free, unlimited cloud storage to Office 365 subscribers
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13:24 EDTMSFTMicrosoft to cut Xbox price
Microsoft is cutting the price of its Xbox One in the U.S. by $50, starting on November 2, the company stated in a blog. The promotion will only last for a limited time, the tech giant added. Sony (SNE) and Nintendo (NTDOY) also sell video game consoles. Reference Link
12:41 EDTINTC, MSFTMicrosoft developing software to run on ARM based servers, Bloomberg reports
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10:56 EDTMSFTMicrosoft upgraded earlier to Long-Term Buy from Neutral at Hilliard Lyons
Price target is $52.
10:00 EDTRADOn The Fly: Analyst Initiation Summary
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10:00 EDTZUMZOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abraxas Petroleum (AXAS) downgraded to Hold from Buy at Stifel... Anadarko (APC) downgraded to Neutral from Buy at Goldman... Basic Energy (BAS) downgraded to Sell from Buy at Goldman... Cabot Oil & Gas (COG) downgraded to Sector Perform from Outperform at Howard Weil... Coca-Cola (KO) downgraded to Neutral from Buy at Buckingham... CommScope (COMM) downgraded at BofA/Merrill... Concho Resources (CXO) downgraded to Hold from Buy at Stifel... Consolidated Communications (CNSL) downgraded to Market Perform at Raymond James... Continental Resources (CLR) downgraded to Neutral from Buy at Goldman... Covanta (CVA) assumed with a Neutral from Outperform at Macquarie... DCP Midstream (DPM) downgraded to Neutral from Buy at Goldman... Denbury Resources (DNR) downgraded to Hold from Buy at Stifel... Diamond Offshore (DO) downgraded to Sell from Neutral at Goldman... Diana Shipping (DSX) downgraded to Hold from Buy at Deutsche Bank... EP Energy (EPE) downgraded to Neutral from Buy at Goldman... EZchip (EZCH) downgraded to Neutral from Buy at Chardan... Emerge Energy (EMES) downgraded to Neutral from Buy at Goldman... Encore Wire (WIRE) downgraded to Neutral from Buy at DA Davidson... Enduro Royalty Trust (NDRO) downgraded to Neutral from Buy at Goldman... First Niagara (FNFG) downgraded to Sector Perform from Outperform at RBC Capital... GOL Linhas (GOL) downgraded to Neutral from Buy at BofA/Merrill... Goodrich Petroleum (GDP) downgraded to Hold from Buy at Stifel... Halliburton (HAL) downgraded to Buy from Conviction Buy at Goldman... Home Loan Servicing (HLSS) downgraded to Neutral from Buy at Citigroup... ICON plc (ICLR) downgraded to Equal Weight from Overweight at Barclays... IHS Inc. (IHS) downgraded to Equal Weight from Overweight at Barclays... Jones Energy (JONE) downgraded to Hold from Buy at Stifel... Laredo Petroleum (LPI) downgraded to Sell from Neutral at Goldman... Lloyds Banking (LYG) downgraded to Underperform from Hold at Jefferies... Midcoast Energy (MEP) downgraded to Neutral from Buy at Goldman... PDC Energy (PDCE) downgraded to Hold from Buy at Stifel... PNC Financial (PNC) downgraded at Sterne Agee... Parsley Energy (PE) downgraded to Sell from Neutral at Goldman... Patterson-UTI (PTEN) downgraded to Neutral from Conviction Buy at Goldman... Pioneer Energy (PES) downgraded to Neutral from Buy at Goldman... Precision Castparts (PCP) downgraded at RBC Capital... Royal Gold (RGLD) downgraded to Neutral from Overweight at HSBC... SM Energy (SM) downgraded to Hold from Buy at Stifel... Sanchez Energy (SN) downgraded to Hold from Buy at Stifel... Scorpio Bulkers (SALT) downgraded to Hold from Buy at Deutsche Bank... Synergy Resources (SYRG) downgraded to Hold from Buy at Stifel... Ventas (VTR) downgraded to Neutral from Buy at UBS... Whiting Petroleum (WLL) downgraded to Hold from Buy at Stifel... Zumiez (ZUMZ) downgraded to Neutral from Buy at DA Davidson.
08:33 EDTRADRite Aid initiated with a Buy at ISI Group
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07:51 EDTZUMZZumiez downgraded to Neutral from Buy at DA Davidson
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07:47 EDTMSFTWidePoint engaged in two pilot programs using SPYRUS WorkSafe Pro Microsoft
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07:38 EDTINTCCyber security start-ups hot with investors, including banks, FT says
Corporate venture arms have more than doubled their investment in cyber security start-ups over the last two years, according to Financial Times, citing data from CB Insights. While technology companies such as Google (GOOG), Intel (INTC) and Cisco (CSCO) are leading, the report notes that the venture capital units of Citibank (C), Wells Fargo (WFC) and General Electric (GE) have also been active investors in security start-ups. Reference Link
07:15 EDTRADWal-Mart, Best Buy among companies rejecting Apple Pay, Business Insider says
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06:20 EDTINTCIntel to release Haswell-EX/EP4S in Q2, DigiTimes reports
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06:12 EDTINTCIntel to see strong shipment growth for Education Tablets, DigiTimes reports
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06:09 EDTRADCVS may be disabling NFC to shut down Apple Pay, Google Wallet, MacRumors says
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October 24, 2014
16:54 EDTMSFTMarket ends week higher as Apple leads list of earnings winners
Stocks ended the week higher as stronger than expected economic data and upbeat results from a number of companies lifted shares. MACRO NEWS: In the U.S., existing home sales for September and leading economic indicators for the month beat expectations, while weekly jobless claims were roughly in-line with expectations. Markit's “flash” manufacturing Purchasing Managers' Index for October came in at 56.2, versus the consensus forecast for a 57.0 reading... China reported that its GDP rose 7.3% in Q3, above the 7.2% growth expected by economists. HSBC's flash PMI inched up to 50.4 from a final reading of 50.2 in September, beating the consensus forecast for a 50.3 reading. The Asian country said that its industrial production jumped 8% versus the year earlier, easily beating the anticipated 7.5% increase... A euro zone purchasing managers' index increased to 52.2 in October from 52 in September. Most analysts had expected the index to decline modestly. COMPANY NEWS: Apple (AAPL), Microsoft (MSFT), Harley-Davidson (HOG), Yahoo (YHOO), Caterpillar (CAT), diversified manufacturer 3M (MMM) and chip maker Broadcom (BRCM) were among the companies that reported higher than expected profits. Conversely, the bottom lines of IBM (IBM), McDonald's (MCD), Verizon (VZ), AT&T (T), and Angie's List (ANGI) missed expectations... Shares of Amazon (AMZN) fell after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its quarterly report, while a number of others cut their price targets on the shares... Boeing (BA) reported stronger than expected results and raised its full year core EPS guidance, but its stock fell as the airplane maker reduced its full year operating cash flow guidance... Pandora's (P) shares tumbled after the company's Q3 results beat expectations, but its total listener hours declined in Q3 versus Q2... Shares of drug maker Biogen Idec (BIIB) fell after the Q3 sales of its flagship multiple sclerosis treatment, Tecfidera, came in below expectations. Additionally, Biogen reported that one of the patients taking the drug had died after contracting a disease previously linked to MS treatments... BlackBerry (BBRY) rallied following renewed rumors that Chinese computer maker Lenovo (LNVGY) is looking to buy the smartphone maker... At home soda machine maker SodaStream (SODA) rallied after the company said that it would test making some of PepsiCo's (PEP) brands available on its machines. INDEXES: For the week, the Dow gained 2.58% to close at 16,805.41, the S&P 500 rose 4.12% to close at 1,964.58, and the Nasdaq advanced about 5.28% to close at 4,483.71.
16:25 EDTHPQHP seeks buyer for Chinese networking business, WSJ reports
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16:08 EDTHPQHP seeks buyer for Chinese networking business, DJ reports
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10:29 EDTFTNTOptions with decreasing implied volatility
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10:09 EDTHPQHP calls amid speculation Icahn has taken a stake
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09:48 EDTHPQRumor: HP moves up amid spculation Icahn has taken a stake
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09:36 EDTMSFTActive equity options trading on open
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09:18 EDTMSFTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Microsoft (MSFT), up 4.3%... KLA-Tencor (KLAC), up 8.8%... Rubicon Project (RUBI), up 17.8%... Gigamon (GIMO), up 16%. ALSO HIGHER: Procter & Gamble (PG), up 2.7% after earning report, announcing plans to exit Duracell business by creating a stand-alone Duracell company... Vitae Pharmaceuticals (VTAE), up 40% following its report of top-line results from two Phase 1 clinical trials... Digital River (DRIV), up 47% after agreeing to be acquired by investor group for $26.00 per share. LOWER: Amazon (AMZN), down 9.3%, downgraded at Cowen and Janney Capital following the company's Q3 report... DryShips (DRYS), down 26% after filing an automatic common stock shelf... NPS Pharmaceuticals (NPSP), down 4.4% following PDUFA date for Natpara extended three months to January 24... Abercrombie & Fitch (ANF), down 4% after downgraded at Goldman and BMO Capital. DOWN AFTER EARNINGS: Pandora (P), down 7%... Synaptics (SYNA), down 9.9%... Flowserve (FLS), down 5%... New Oriental Education (EDU), down 4%.
08:19 EDTMSFTMicrosoft price target raised to $55 from $50 at Credit Suisse
Credit Suisse said Outperform rated Microsoft reported strong hardware revenue outperformance combined with cost controls and cloud businesses momentum. The firm raised its price target to $55 and believes the company can return to double-digit EPS growth and has multiple options to unlock shareholder value.
07:52 EDTMSFTMicrosoft shares can grind higher, says UBS
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07:50 EDTMSFTNokia exec says social channels to be called Microsoft Lumia
Nokia's (NOK) senior vice president for phones at Microsoft (MSFT) Tuula Rytila said, "When we announced that the Nokia Devices & Services business would become part of Microsoft, we also shared that Lumia, our smartphone brand, would become part of the Microsoft (MSFT) family. Since then, we have naturally been making the change from Nokia to Microsoft in our websites, packaging and other consumer touch points. In the coming weeks and months, you’ll start seeing even more brand experience come to life across different channels as we transition from Nokia Lumia to Microsoft Lumia." The exec said that Microsoft will continue to sell its Nokia-branded entry-level category of phones. Reference Link
October 23, 2014
18:52 EDTMSFTOn The Fly: After Hours Movers
UP AFTER EARNINGS: Rubicon Project (RUBI), up 19.2%... KLA-Tencor (KLAC), up 15.8%... Gigamon (GIMO), up 13.5%... Maxwell (MXWL), up 11.3%... Qlik Technologies (QLIK), up 9.8%... NetSuite (N), up 5.5%... Microsoft (MSFT), up 3.3%... Juniper Networks (JNPR), reverses in after-hours trading and is up 1.4% after reporting third quarter results and announcing a $1.1B increase to the company's share repurchase authorization. ALSO HIGHER: Vitae Pharmaceuticals (VTAE), up 38.6% following positive top-line results from two Phase 1 clinical trials of BI1181181/VTP-37948... Pfizer (PFE), up 1.8% after announcing a new $11B share repurchase program. DOWN AFTER EARNINGS: Amazon.com (AMZN), down 10.7%... Synaptics(SYNA), down 12.7%... Pandora (P), down 6.8%... Lattice Semiconductor (LSCC), down 5.6%... Maxim Integrated (MXIM), down 5.8%. ALSO LOWER: DryShips (DRYS), down 16.5% after filing an automatic common stock shelf... NPS Pharmaceuticals (NPSP), down 7.9% following PDUFA date for Natpara extended three months to January 24... GoPro (GPRO), down 2.8% after being initiated with an Underperform at Oppenheimer.
18:18 EDTMSFTMicrosoft backs FY15 OpEx view of $34.2B-$34.6B
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18:13 EDTMSFTMicrosoft sees $300M positive impact to Q2 revenue
Sees Q2 licensing revenue $4B-$4.2B; computers and gaming revenue $3.5B-$3.8B; phone hardware revenue $2B-$2.2B; device and consumer other revenue $2.3B-$2.4B; commercial licensing revenue $10.8-$11B; commercial other revenue $2.5B-$2.6B. Sees Q2 COG $9.5B-$9.9B. Sees Q2 Operating expenses $8.6B-$8.8B. Sees quarter-over-quarter decline in non-commercial segment. The company sees Q2 fundamental strength in commercial segment. Comments provided during Q1 earnings conference call.
16:41 EDTMSFTMicrosoft up 4% after Q1 tops estimates on top, bottom line
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16:08 EDTMSFTMicrosoft reports Q1 Commercial revenue grew 10% to $12.28B
Server products and services revenue increased 13%, with double-digit growth for SQL Server, System Center and Windows Server. Office Commercial products and services revenue grew 5% as customers transition to Office 365. Commercial cloud revenue grew 128% driven by Office 365, Azure and Dynamics CRM. Lync, SharePoint and Exchange, our productivity server offerings, collectively grew double-digits. Windows volume licensing revenue increased 10%.
16:08 EDTMSFTMicrosoft reports Q1 Devices and Consumer revenue grew 47% to $10.96B
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16:06 EDTMSFTMicrosoft Q1 results include 11c negative impact from restructuring
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16:05 EDTMSFTMicrosoft reports Q1 EPS 54c, consensus 49c
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15:30 EDTMSFTNotable companies reporting after market close
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14:34 EDTMSFTMicrosoft October weekly 45.5 straddle priced for 3.7% move into Q1
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14:31 EDTMSFTEarnings Preview: Microsoft reports after Windows 10 arrives, Ballmer exits
Microsoft (MSFT) is scheduled to report its first quarter of fiscal year 2015 results after the market close on Thursday, October 23, 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 Windows smartphones. EXPECTATIONS: Analysts are looking for earnings per share of 49c on revenue of $22.02B, according to First Call. The consensus range for EPS is 40c-59c on revenue of $21.53B-$22.82B. On its last earnings call, Microsoft said it sees Q1 licensing revenue of $4.1B-$4.2B, Computing and Gaming revenue of $1.7B-$2B, Phone and Hardware revenue of $1.9B-$2.3B, D&C other revenue of $1.8B-$1.9B, Commercial segment 2 sectors revenue of $12B-$12.2B and Commercial other revenue of $2.2B-2.3B. Microsoft noted that it expects its Q1 unearned revenue to grow in-line with normal seasonality. LAST QUARTER: On July 22, Microsoft reported fourth quarter EPS of 55c, missing the consensus analyst forecast of 60c. It's revenue came in at $23.38B, topping the consensus estimate of $23B. Microsoft reported that its Q4 devices and consumer revenue grew 42% to $10B, commercial revenue rose 11% to $13.48B, that Windows volume licensing revenue grew 11% and that Server products revenue, including Azure, grew 16%. The acquired Phone Hardware business contributed $1.99B to current year revenue, Microsoft added. NEWS: On August 1, Microsoft announced in a blog post that it had filed legal action against Samsung (SSNLF) in a U.S. District Court to enforce the companies' 2011 cross-licensing contract. Microsoft alleged Samsung decided late last year to stop complying with its agreement, claiming that in September 2013, after Microsoft announced it was acquiring the Nokia (NOK) devices and services business, Samsung began using the acquisition as an excuse to breach its contract. On August 19, Microsoft's former CEO Steve Ballmer announced his intention to step down immediately from the company's board. Ballmer wrote, "Given my confidence and the multitude of new commitments I am taking on now, I think it would be impractical for me to continue to serve on the board, and it is best for me to move off... I hold more Microsoft shares than anyone other than index funds and love the mix of profits, investments and dividends returned in our stock. I expect to continue holding that position for the foreseeable future." In September, Microsoft agreed to acquire Mojang, the developer of Minecraft, for $2.5B. Microsoft said then that it expects the acquisition to be break-even in FY15 on a GAAP basis. The next day, Microsoft increased its dividend by 3c, or 11%, to 31c per share. At the end of last month, Microsoft unveiled its next Windows operating system, Windows 10, and gave a first look at an early technical preview for the PC available Oct. 1. The familiar Start menu is back, and apps from the Windows Store now open in the same format that desktop programs do, the company reported. Terry Myerson, EVP of the Operating Systems group at Microsoft, said, "This will be our most comprehensive operating system and the best release Microsoft has ever done for our business customers, and we look forward to working together with our broader Windows community to bring Windows 10 to life in the months ahead." STREET RESEARCH: On the day after the company's last quarterly report, Pacific Crest upgraded Microsoft to Outperform from Sector Perform, citing its progress in the cloud and lower risks from its Nokia deal. Pacific Crest placed a $54 price target on the stock. On the day after Steve Ballmer stepped down from Microsoft's board, FBR Capital said it viewed that development as a positive that left the company with a "clean sheet of paper." The firm believes the "Ballmer overhang" was removed and it kept an Outperform rating and $51 price target on Microsoft shares. On the day after the company's Windows 10 launch event, analyst at Cowen said they believed Microsoft struck the right balance of new features and traditional feel by returning to a Win7-style interface and bringing back the Start menu but retaining some of Win8's visual flare and touch features. Pricing was not mentioned at the company's event, but Cowen said it does not expect any significant changes and does not "for one moment believe" that Windows 10 will be a free upgrade for Win8 users on larger screens. The firm maintained its Market Perform rating on Microsoft. Most recently, Bernstein said it believes that Microsoft's cloud business continues to grow, and it expects adoption of the company's cloud products to accelerate this quarter. The firm reiterated a $56 price target and Outperform rating on the stock. PRICE ACTION: Since the day after its last report, Microsoft shares are fractionally higher. In afternoon trading ahead of tonight's report, Microsoft is up 2.35% to $45.42 per share.
12:12 EDTRADRite Aid management to meet with Guggenheim
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11:25 EDTFTNTInternet security names climb after Check Point, Fortinet beat expectations
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11:21 EDTMSFTMicrosoft technical notes before earnings, levels to watch
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08:59 EDTFTNTFortinet strong sales execution likely to continue into FY15, says Sterne Agee
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08:01 EDTYUMMcDonald's pressured by rising competition in China, WSJ says
In addition to its food supplier issues, McDonald’s (MCD) has a bigger problem in China, namely rising competition from other foreign companies such as Yum! (YUM) and domestic chains that have gained prominence and scale, said The Wall Street Journal. Reference Link
06:47 EDTMSFTMicrosoft aims to ditch Nokia title from Lumia devices, Reuters says
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06:40 EDTMSFTMicrosoft killing Xbox Music free streaming feature
Effective December 1, Microsoft says that the free Xbox Music streaming feature currently available on Windows 8, Windows 8.1, and over the Internet will be discontinued in all countries where it is offered. The company explains, "We are focusing Xbox Music to deliver the ultimate music purchase and subscription service experience for our customers." Reference Link
October 22, 2014
18:34 EDTFTNTOn The Fly: After Hours Movers
UP AFTER EARNINGS: Select Comfort (SCSS), up 13.1% after reporting third quarter results and increasing share repurchase authorization to $250M... Infinera (INFN), up 9.8%... Tractor Supply (TSCO), up 11.8%... Acacia Research (ACTG), up 7.7%... Marketo (MKTO), up 4.5%... O'Reilly Automotive (ORLY), up 3.9%... Fortinet (FTNT), up 1.5%... Mellanox (MLNX), up 2.9%... ServiceNow (NOW), up just under 1%. ALSO HIGHER: CarMax (KMX), up 1% after announcing a $2B increase to its share repurchase program. DOWN AFTER EARNINGS: Air Methods (AIRM), down 19.8% following preliminary third quarter results... Yelp (YELP), down 13.6%... Core Laboratories (CLB), down 7.9%... Varian Medical (VAR), down 4.9% after reporting fourth quarter results... Open Text (OTEX), down 3.9%... Citrix (CTXS), down 5.7%... Cheesecake Factory (CAKE), down 4.5%... Allied World (AWH), down 4.7%... Lam Research (LRCX), down 3.3%... Skechers (SKX), down just under 1% after reporting third quarter results above analyst estimates... AT&T (T), down 1.5%. ALSO LOWER: DIRECTV (DTV), down just under 1% following AT&T third quarter results... Alcobra (ADHD), down 16% following results of MDX study... WidePoint (WYY), down 8.1% after filing an automatic common stock shelf... New Mountain Finance (NMFC), down 4.4% after filing to sell 5M shares of common stock.
16:32 EDTFTNTFortinet sees 2014 EPS 47c-48c, consensus 48c
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16:31 EDTFTNTFortinet sees Q4 EPS 13c-14c, consensus 15c
Sees Q4 revenue $206M-$211M, consensus $202.92M. Guidance issued in earnings call slides.
16:16 EDTFTNTFortinet reports Q3 EPS 12c, consensus 11c
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15:30 EDTFTNTNotable companies reporting after market close
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13:11 EDTHPQFirm says Chromebook shipments surged 67% in Q2
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11:25 EDTMSFTCisco sale of VCE stake to have limited impact, says Wells Fargo
Wells Fargo thinks Cisco's (CSCO) decision to sell a portion of its stake in VCE is unlikely to have a material near-to-intermediate-term impact on the company's top line since it will continue to sell its networking and compute solutions to the joint venture. Wells says Cisco's "budding" partnerships with NetApp (NTAP), Microsoft (MSFT) and Citrix (CTXS) should more than offset any potential impacts from lessening ties to EMC (EMC) and VMware (VMW).
11:14 EDTFTNTHigh option volume stocks
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10:03 EDTMSFTThe Linley Group to hold a conference
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09:24 EDTFTNTFortinet to host conference call
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09:15 EDTHPQEMC says will not comment on 'speculation, rumors' of talks with Hewlett-Packard
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09:07 EDTMSFTIBM and Microsoft partner for hybrid cloud services
IBM (IBM) and Microsoft (MSFT) are working to provide their respective enterprise software on Microsoft Azure and IBM Cloud. IBM and Microsoft will make key IBM middleware such as WebSphere Liberty, MQ, and DB2 available on Microsoft Azure. Windows Server and SQL Server will be offered on IBM Cloud. IBM and Microsoft are working together to deliver a Microsoft .NET runtime for IBM's Bluemix cloud development platform. The companies will enable customers to bring their own software licenses to the IBM and Microsoft clouds.
08:22 EDTMSFTMicrosoft October weekly volatility elevated into Q1 and outlook
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08:18 EDTINTCVCE to become an EMC company
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07:52 EDTINTCIntel recent weakness a buying opportunity, says Jefferies
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06:44 EDTINTCIntel may face challenges over CPU product line in 2Q15, DigiTimes reports
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06:44 EDTFTNTU.S. weighing cybersecurity requirements for bank vendors, NY Times says
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06:39 EDTMSFTMicrosoft Lumia to replace Nokia brand, The Verge reports
Microsoft plans to make Microsoft Lumia the new brand name that takes the place of Nokia for the software maker, reports The Verge. Nokia still exists as a separate company without its phones business, focusing on mapping and network infrastructure. Reference Link
06:26 EDTINTCIntel Capital announces investments from China Smart Device Innovation Fund
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October 21, 2014
14:39 EDTHPQHP to unveil 'Sprout' computer with projector, 3D scanner, Re/code reports
HP (HPQ) will unveil a new computing product it is calling "Sprout," which combines a large display with a flat touch-enabled work surface and an overhead assembly combining a projector and a 3-D scanner, at an event next week, reported Re/code, citing sources familiar with the plans. Sprout will be one of several products demonstrated at the event, the report added. Microvision (MVIS) develops high-resolution miniature laser display and imaging engines, though the company is not mentioned anywhere within Re/Code's report. Reference Link
14:34 EDTHPQEarnings Preview: EMC reports after HPQ merger talks said to end
EMC Corporation (EMC) is expected to report third quarter earnings before the bell on Wednesday, October 22, with a conference call scheduled for 8:30 am ET. EMC provides software, hardware and IT services to business customers through its three federated businesses: EMC Information Infrastructure, Pivotal and VMware Virtual Infrastructure, which is represented by EMC’s majority equity stake in VMware (VMW). VMware is expected to report on its own third quarter results after the bell on Tuesday, October 21, with a conference call scheduled for 5:00 pm ET. EXPECTATIONS: For EMC, analysts are looking for earnings per share of 46c on revenue of $6.0B. The consensus range is 44c-49c for EPS and $5.91B-$6.16B for revenue, according to First Call. Along with its last earnings report, EMC raised its FY14 adjusted EPS view to $1.91 from $1.90 and guided to FY14 revenues of $24.58B. Analysts consensus for FY14 EPS and revenue currently stand at $1.91 and $24.55B. For VMware, analysts are looking for earnings per share of 83c on revenue of $1.5B. The consensus range is 81c-85c for EPS and $1.48B-$1.52B for revenue, according to First Call. LAST QUARTER: EMC reported Q2 adjusted EPS of 43c, which matched the consensus expectation. EMC's revenue of $5.9B came in slightly ahead of the $5.83B consensus projection. EMC also accelerated its 2014 share buyback plan, stating that it now expects to repurchase an aggregate of $3B of the company's common stock in 2014. VMware reported Q2 EPS of 81c, versus consensus of 79c, on revenue $1.46B, versus consensus of $1.44B. NEWS: VMware held its "VMWorld 2014" conference from August 24-28, during which the company updated its 2015 guidance. VMware's guidance for revenue growth in the mid teens percentage level and margin expansion of up to one percentage point is positive, RBC Capital analyst Matthew Hedberg wrote in a note to investors on August 26. The same day Cowen analyst Gregg Moskowitz wrote that VMware's FY15 revenue guidance would "likely weigh modestly" on the stock, even though he was not surprised by the outlook. Less than two weeks ago, Elliott Management sent a letter to the board of directors of EMC Corporation detailing its recommendations on the right path forward for EMC, in which Elliott holds a stake. Elliott believes that EMC’s Federation structure obscures enormous value at the company and that the board and management should pursue pathways to recognize this value, including a separation of VMware from Core EMC and/or various M&A opportunities, Elliott wrote. In response, EMC said its directors regularly review and evaluate the company's strategy with a view towards enhancing shareholder value. "Over the past few months, EMC's leadership has met with representatives of Elliott several times and has listened carefully to their ideas, as we do with all of our shareholders," the company said. Last week, HP (HPQ) announced the resumption of its share repurchase program after Reuters reported the company's merger talks with EMC had ended. HP had suspended the buyback program due to "possession of material non-public information." The tech giant said that day that it is "no longer in possession of such information." During September, Re/code reported, citing sources familiar with Oracle's plans, that the company was not interested in acquiring EMC. Meanwhile, Cisco (CSCO) CEO John Chambers also said last month at a Wall Street Journal breakfast that his company is not among the potential merger partners for EMC. Chambers said a deal between the two companies would have been done a "year or two ago" were it to happen, according to Reuters. STREET RESEARCH: On the day after its last earnings report, Brean Capital raised its price target on EMC to $33 from $30, citing the company's aggressive capital return strategy, encouraging core Storage dynamics and potential pent up demand. Tigress Financial, however, downgraded EMC to Buy from Strong Buy, citing valuation. Additionally, VMware estimated that its total available market would reach more than $60B in 2017, versus its estimate last year of a $50B+ total addressable market by 2016, Moskowitz noted. PRICE ACTION: In afternoon trading, EMC shares are up 1% to $27.22, while VMware is fractionally higher at $87.79. Over the last three months, EMC shares have declined almost 4%, while VMware's stock is down about 5.5% in that same time frame.
09:07 EDTHPQFlextronics appoints Michael Mendenhall as Chief Marketing Officer
Flextronics (FLEX) announced that Michael Mendenhall has been appointed to lead the Company's worldwide marketing, branding and communications initiatives. Mendenhall most recently served as the Executive Vice President and Chief Marketing and Communications Officer for Fusion-io. In this role, he was responsible for repositioning the Company's brand and products and played a key role in its successful acquisition by SanDisk (SNDK). Previously, he served as Senior Vice President and Chief Marketing Officer for HP (HPQ) and directed all aspects of corporate marketing operations globally.
08:03 EDTRADCVS offering drug plan with higher co-pay at stores selling tobacco, WSJ says
CVS Health (CVS), which stopped selling tobacco products last month, is now offering a prescription-drug plan via its pharmacy benefits unit Caremark that charges patients copayments that are up to $15 higher on prescriptions filled where tobacco is sold, which includes at rival pharmacies operated by Walgreen (WAG) and Rite-Aid (RAD), reported The Wall Street Journal. Reference Link
07:45 EDTMSFTMicrosoft CEO touts cloud revenue run-rate over $4B, BI reports
At a press event yesterday, Microsoft (MSFT) CEO Satya Nadella provided a number of figures about the strong performance of the company's Azure cloud business, including a revenue run rate of nearly $4.4B and that Azure is adding 10,000 new customers every week to its 350M active directory user base, reported Business Insider, which noted that Amazon Web Services (AMZN) is estimated to have roughly $4B in annual sales and that Salesforce.com (CRM) had a little over $4B in revenues last year. Reference Link
06:15 EDTINTCIntel may stop providing subsidies for mobile solutions, DigiTimes reports
Intel may stop providing subsidies for mobile device solutions to eliminate loses from the business, reports DigiTimes. According to sources from PC players, however, Intel is likely to continue offering subsidies to some of its larger clients, like Asustek Computer, through different methods in order to maintain orders. Reference Link
October 20, 2014
15:20 EDTMSFTMicrosoft confirms availability of Cloud Platform System, powered by Dell
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12:09 EDTMSFT, HPQIBM hits 52 week low after earnings miss, 2015 profit target dropped
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10:25 EDTHPQIBM CEO says company already has been aggressive on changing
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08:00 EDTMSFTRBC Capital remains positive on Microsoft
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07:06 EDTMSFTNICE Systems solution qualified to support Microsoft Lync
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October 19, 2014
20:41 EDTMSFTMicrosoft plans smartwatch launch within weeks, Forbes says
Microsoft (MSFT) is planning a smart watch launch within the next few weeks, Forbes says.The smart watch will passively keep track of the wearer’s heart rate and work across different mobile platforms, added Forbes. Apple (AAPL) has delayed its own smartwatch launch to early 2015 according to the report. Reference Link
October 17, 2014
16:55 EDTINTCStocks end volatile week lower amid oil price plunge
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11:27 EDTMSFTMicrosoft October weekly volatility elevated into Q1 and outlook
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06:30 EDTMSFTNPD: Sony PlayStation4 outsells XBox One in September, GameSpot reports
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06:26 EDTMSFTSony says PS4 September's top-selling console
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06:24 EDTHPQStocks with implied volatility below IV index mean; HPQ NFLX
Stocks with implied volatility below IV index mean; HP (HPQ) 31, Netflix (NFLX) 40 according to iVolatility.
06:24 EDTHPQGlobal notebook shipments estimated at over 45M units, Digitimes Research says
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06:21 EDTHPQHP dismisses concerns about drop in global notebook market share, DigiTimes says
HP has dismissed concerns from Taiwan supply chain makers that say the company's global notebook market share may drop significantly following the split, reports DigiTimes. According to makers, HP said it will maintain notebook operations with 2015 target shipments of at least 31M units. Reference Link
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