New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 11, 2013
12:23 EDTMSFT, HPQ, INTC, RAD, ACAD, FTNT, FIRE, PANWOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after initial jobless claims pulled back to fall below the 350K level. The Nasdaq was the weakest of the major averages, as declines in some of its most notable members, including Microsoft (MSFT) and Intel (INTC), weighed on the index... ECONOMIC EVENTS: In the U.S., initial jobless claims fell 42K from the prior week to 346K, versus an expectation for them to decline more modestly to 360K. Import prices declined 0.5% in March compared to the prior month, which was in-line with expectations, while export prices fell 0.4%, versus expectations for a 0.1% gain... COMPANY NEWS: Shares of a number of big-name tech companies were weaker after research firms International Data Corporation and Gartner both estimated that PC sales declined by double-digits in the first three months of the year. IDC estimated PC sales fell 14%, while Gartner said they'd fallen 11% from the prior year. Microsoft, which was also downgraded by at least three firms, declined 5%, while Hewlett-Packard (HPQ) fell over 6% and Intel slid more than 2%... MAJOR MOVERS: Among the notable gainers was ACADIA Pharmaceuticals (ACAD), which surged 50% after the FDA approved its filing of a New Drug Application for a Parkinson's drug candidate and its shares were upgraded at Piper Jaffray. Also higher was Rite Aid (RAD), which gained 19% after its earnings and guidance beat expectations. Among the noteworthy losers was Fortinet (FTNT), which declined 15% after reporting weaker than expected first quarter results. Fortinet's report also weighed on several of its Internet security peers, with Sourcefire (FIRE) sliding 2% to $53 and Palo Alto (PANW) down 1%... INDICES: Near noon, the Dow was up 49.04, or 0.33%, to 14,851.28; the Nasdaq was up 0.70, or 0.02%, to 3,297.95; and the S&P 500 was up 5.14, or 0.32%, to 1,592.87.
News For MSFT;HPQ;INTC;RAD;ACAD;FTNT;FIRE;PANW 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 | all recent news | >>
October 9, 2014
06:55 EDTHPQAnalyst says PC company likely to get much of HP debt, Re/code reports
Subscribe for More Information
06:52 EDTHPQTechnology producer settles China facility demonstrations, Reuters says
Hon Hai Precision Industry confirmed that it had settled a demonstration which involved close to 1K staff members at its Chongqing plant in China, and noted that manufacturing at the facility was not affected by the strike, according to Reuters, citing a statement from the company. Hon Hai constructs Apple (AAPL) products, as well as HP (HPQ) and Cisco (CSCO) computers and servers. The Chongqing facility isn't listed by Apple as one of its certified suppliers. Reference Link
06:42 EDTMSFTMicrosoft CEO admits 'mistakes' with Windows 8, Business Insider reports
Subscribe for More Information
06:41 EDTMSFTMicrosoft initiated with a Market Perform at BMO Capital
Subscribe for More Information
06:40 EDTFTNT, PANWSource of JPMorgan cyberattack still unclear, NY Times says
The source of the cyberattack on JPMorgan (JPM) and other U.S. financial institutions this summer is still unclear, according to The New York Times. The hackers may have tried to hit about a dozen financial institutions , and E-Trade(ETFC) and Fidelity Investments may have been victimized in some way, the newspaper stated, citing an unnamed source who was briefed on the matter. At least five other banks, including Citigroup (C), HSBC (HBC) and Regions Financial (RF), discovered that one of the web addresses used by those who hacked JPMorgan tried to penetrate their systems, The Times quoted unnamed sources briefed on the matter as saying. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
06:31 EDTMSFTFiling says Sony to begin console packaging in China, Bloomberg says
A filing on the website of the China Pilot Free Trade Zone said that Sony (SNE) is aiming to begin packaging over 200K new video game consoles starting in December in China, according to Bloomberg, citing the filing which was verified as authentic by a spokesman for Sony Computer Entertainment. The company is looking to accumulate sales in the country as the end of a 14-year ban on the devices approaches. Microsoft (MSFT) already began selling Xbox Ones in China. Reference Link
06:29 EDTHPQIDC: Worldwide PC shipments down 1.7% in Q3, DigiTimes reports
Worldwide PC shipments are down 1.7% with 78.5M units shipped in Q3, reports DigiTimes, citing the IDC. Shipments in the US grew 4.3% to 17.3M, with growth centered from strong momentum in te portables category. Reference Link
06:24 EDTMSFTMicrosoft rumored to cancel Surface tablet business, DigiTimes reports
Microsoft may be planning to cancel the Surface tablet business as it continues to see weak sales for its Surface Pro 3 tablet, reports DigiTimes. According to sources from the upstream supply chain, the first and second generation Surface tablets are estimated to have created losses of about $1.7B. Reference Link
October 8, 2014
16:56 EDTMSFT, INTC, HPQGartner says worldwide PC shipments in Q3 declined 0.5%
Subscribe for More Information
12:12 EDTPANWPalo Alto management to meet with Oppenheimer
Meeting to be held in Canada on October 14 hosted by Oppenheimer.
11:04 EDTHPQEMC advances after activist letter, report on HP merger talks
Shares of EMC (EMC) are rising slightly in a down market after activist investor Elliott Management disclosed that it wrote in a letter to the company's board that it had heard of "acquisition interest in EMC's assets on the part of several large companies." The firm called on EMC to pursue M&A opportunities and spin off its VMware (VMW) subsidiary. WHAT'S NEW: Since July, several large companies have expressed "acquisition interest" in EMC's assets, Eliiott wrote. Acquisitions of EMC's assets by these companies would be logical from a strategic perspective, the firm added. The parties that have expressed interest could afford to buy all of EMC or a number of its assets, according to Elliott. EMC should look to spin off VMware because owning VMware is holding down the value of EMC's stock and damaging its relationship with its customers, the investor stated. VMware is hurting EMC by competing with EMC's customers, Elliott explained. Elliott Management noted that is affiliates collectively own or have economic exposure to about 2.2% of the common stock and equivalents of EMC. WHAT'S NOTABLE: HP (HPQ) and EMC are still conducting due diligence on a potential merger, CNBC's David Faber reported this morning, citing sources. A deal is unlikely, but still possible, and would include a buy-in of VMware, Faber added. PRICE ACTION: In mid-morning trading, EMC rose 0.3% to $28.20, VMware slid 0.9% to $90.59 and HP dropped 1.2% to $34.80.
10:46 EDTHPQOptions with decreasing implied volatility
Subscribe for More Information
10:00 EDTINTCOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:53 EDTHPQHP, EMC still doing due diligence on potential deal, CNBC reports
Subscribe for More Information
09:49 EDTHPQHP, EMC merger unlikely but still possible, CNBC's Faber says
09:48 EDTHPQHP, EMC still doing work on potential deal, CNBC reports
Subscribe for More Information
08:01 EDTFTNTFortinet should be bought ahead of earnings, says Pacific Crest
Pacific Crest believes that Fortinet's core momentum remains strong as it continues to gain share in enterprise deals. The firm thinks the company could beat expectations. It keeps an Outperform rating on the shares.
07:58 EDTPANWPalo Alto price target raised to $120 from $105 at Pacific Crest
Subscribe for More Information
07:52 EDTPANWPalo Alto has positive catalysts, says Wells Fargo
After meeting with Palo Alto's management, Wells Fargo thinks the company's new endpoint security product could increase its long-term revenue growth by five or six percentage points. The firm expects the company's product revenue to be boosted by an existing customer refresh cycle in 2015, and Wells is confident in the company's service revenue outlook. It raised its price target on the name to $112-$129 from $113-$120 and keeps an Outperform rating on the shares.
06:13 EDTHPQ, MSFTNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
1 | 2 | 3 | 4 | 5 | 6 | 7 | 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