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Stock Market & Financial Investment News

News For MSFT;INTC;DELL;HPQ;WDC;STX;EMC;QCOM From The Last 14 Days
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March 6, 2015
12:29 EDTHPQHP downgraded to Neutral from Buy at Tigress Financial
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07:59 EDTMSFTMicrosoft says also affected by 'Freak' cybersecurity flaw
Microsoft reports that it is aware of a security feature bypass vulnerability that affects all supported releases of Microsoft Windows. The vulnerability facilitates exploitation of the publicly disclosed FREAK technique, which is an industry-wide issue that is not specific to Windows operating systems. Microsoft has not currently received any information to indicate that this issue had been publicly used to attack customers. The company is actively working with partners to provide information in order to offer broader protections to customers. Upon completion of its investigation, Microsoft says it will take appropriate actions to help protect customers. This may include providing a security update through its monthly release process or providing an out-of-cycle security update.
06:16 EDTMSFTMicrosoft implied volatility of 16 at lower end of index mean range
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06:06 EDTINTCIntel share downside is limited, says Piper Jaffray
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March 5, 2015
10:49 EDTEMCEMC to hold a forum
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07:58 EDTINTCHuawei, Intel partner to provide cloud platform to global telecom firms
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07:20 EDTEMCEMC won't address VMware spinoff at upcoming forum, says UBS
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07:10 EDTHPQHP management to meet with UBS
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07:08 EDTHPQHP weakness a buying opportunity, says Brean Capital
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07:04 EDTHPQRuckus Wireless says can benefit from Aruba acquisition, says Cantor
After meeting with Ruckus (RKUS), Cantor says the company believes it has "interesting opportunities" to make deals with Aruba's (ARUN) partners, including Dell and Juniper (JNPR), that compete with HP (HPQ). Following the Aruba deal, Ruckus believes that,it could become the largest independent Wi-Fi vendor with a 6%-7% market share in the WLAN market, Cantor added.
06:15 EDTEMCEMC unlikely to announce VMware spin in near-term, says Citigroup
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06:11 EDTMSFTMicrosoft's Spencer says company has 'lost its way' in PC games, BI reports
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05:56 EDTMSFTStocks with implied volatility below IV index mean; MSFT CSCO
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05:05 EDTINTCTelefonica collaborates with Brocade, Cyan, Intel, Red Hat
Telefónica (TEF) announced that it has presented an end-to-end network-functions virtualization, or NFV, instantiation demonstration in collaboration with Brocade (BRCD), Cyan (CYNI), Intel (INTC) and Red Hat (RHT) at the Mobile World Congress event in Barcelona. The demo uses the network virtualization framework based on the ETSI ISG NFV approach and developed by the Telefónica NFV Reference Lab. It showcases a Brocade VNF service chain deployed using standard Topology and Orchestration Specification for Cloud Applications, or TOSCA, information models through the enhanced Cyan Blue Planet NFV Orchestration engine onto a network virtual function infrastructure. The goal of the demo is to demonstrate how an advanced and multi-vendor implementation of the ETSI ISG NFV architecture with intelligent orchestration of resources is capable of providing carrier-grade performance, while a regular cloud infrastructure is insufficient. In this collaboration, Cyan’s Blue Planet SDN and NFV platform is used as the NFV service orchestrator, the Brocade Vyatta 5600 vRouter is used as the VNF and Telefónica’s VIM is providing the virtual infrastructure manager role, with all running on NFV hardware infrastructure utilizing Intel processors.
March 4, 2015
13:48 EDTINTCJudge issues prelim approval for $415M anti-poaching settlement, Reuters says
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13:12 EDTSTX, WDCSanDisk new product more disruptive than recognized, analyst says
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09:33 EDTQCOMSynaptics threat from Qualcomm overstated, says Needham
Needham believes the competitive threat Qualcomm (QCOM) poses to Synaptics (SYNA) is being overstated. After meeting with Synaptics CEO Rick Bergman, Needham thinks Qualcomm's Sense ID does not pose an immediate threat to the company's fingerprint sensors. Further, the firm believes Synaptics could be part of the development of RSP's new ForceTouch, which is speculated to be included in the upcoming iPhone 6S and Apple Watch. It maintains a Strong Buy rating on the stock with a $110 price target.
09:20 EDTMSFTTime Warner Cable announces agreement with Microsoft to bring TV app to Xbox
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08:32 EDTMSFTGlobal Payments announces agreement with New West Technologies
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07:21 EDTWDCMorgan Stanley to hold a conference
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06:33 EDTHPQHP, IBM, others could be interested in Novetta, Reuters reports
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06:31 EDTMSFTGartner: Apple sold more smartphones than Samsung in Q4
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06:12 EDTMSFTStocks with implied volatility below IV index mean; MSFT CSCO
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March 3, 2015
12:40 EDTMSFTMicrosoft cloud metrics may be inaccurate, Business Insider says
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11:03 EDTHPQTelefónica selects HP OpenNFV platform for UNICA Infrastructure
At the 2015 Mobile World Congress, Telefónica (TEF) and HP (HPQ) announced that the telecommunications company has selected HP as the technology provider and systems integrator of the Telefónica Virtualization Infrastructure project, or UNICA. Telefónica will implement the end-to-end HP OpenNFV platform stack, including server, software, orchestration and networking technologies, carrier grade HP Helion OpenStack technology, services and expertise.
09:11 EDTWDCWestern Digital reinstated with a Neutral at BofA/Merrill
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08:06 EDTWDCWestern Digital agrees to acquire Amplidata
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07:38 EDTHPQHP deal for Aruba Networks makes sense, says Brean Capital
Brean Capital said the HP (HPQ) deal for Aruba Networks (ARUN) is positive and makes sense as it will be accretive to earnings in the first year, it will add to HP's strategic offerings, and it should not impact HP's shareholder return profile. Brean Capital believes any weakness due to the acquisition would be a buying opportunity and reiterated its Buy rating and $45 price target on HP shares.
07:23 EDTSTXSeagate reinstated with an Underperform at BofA/Merrill
BofA/Merrill reinstated Seagate with an Underperform and $50 price target. The firm sees risk to HDD TAM given a worsening PC demand and headwinds in client and enterprise Hard Disk Drives from Solid State Drives.
06:05 EDTINTCTowerJazz begins mass production of IR sensor
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05:56 EDTMSFTStocks with implied volatility below IV index mean; MSFT CSCO
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05:53 EDTSTXStocks with implied volatility movement; WTW STX
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March 2, 2015
17:57 EDTHPQHP says Aruba Networks deal has $90M termination fee
The Merger Agreement contains specified termination rights for HP (HPQ) and Aruba (ARUN), including in the event that the Merger is not consummated by February 28, 2016. Aruba will be required to pay HP a $90M termination fee in the event that the Merger Agreement is terminated by HP following a change of recommendation by Aruba’s board of directors or if Aruba terminates the Merger Agreement to enter into an agreement with respect to a proposal from a third party that is superior to HP’s, in each case, as is more particularly described in the Merger Agreement. Under certain additional circumstances described in the Merger Agreement, Aruba will also be required to pay HP a termination fee of $90M if the Merger Agreement is terminated and, within twelve months following such termination, Aruba enters into an agreement for a business combination transaction of the type described in the relevant provisions of the Merger Agreement, or such a transaction is consummated.
11:41 EDTMSFTMicrosoft EVP says China cloud offerings 'special,' present 'huge' opportunity
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11:14 EDTMSFTMicrosoft EVP says seeing 'very positive trends' for Office 365
Microsoft EVP, Applications and Services, Qi Lu is speaking at the Morgan Stanley Technology, Media and Telecom Conference.
09:59 EDTSTXSeagate call active on renewed takeover chatter
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09:54 EDTSTXRumor: Seagate moves up on renewed takeover chatter
09:54 EDTHPQHP has areas of need more pressing than networking, says Cantor
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09:14 EDTINTCApple, Google employees asking for $415M poaching settlement, Reuters says
Silicon Valley workers alleging that Apple (APPL), Google (GOOG), Intel (INTC), and Adobe (ADBE) colluded to limit poaching will attempt on Monday to win court approval for a $415M claim, reports Reuters. A judge had rejected the previous settlement offer of $324.5M as too low, saying the settlement would need to reach at least $380M. Reference Link
09:06 EDTINTCIntel announces Deutsche Telekom to use True Key mobile security system
Intel (INTC) Security announced that it has joined forces with Deutsche Telekom (DTEGY) in a new carrier deal which will bring its True Key password and identity management solution to the European market. The True Key application works on phones, tablets and computers to log consumers into their apps and online accounts, without having to type or remember multiple passwords, instead using multiple factors such as facial features, fingerprints or a trusted device. True Key is currently available through a limited release and will be generally available later in the year.
08:37 EDTHPQAruba Networks volatility elevated into HP acquiring for $3B
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08:36 EDTHPQHP confirms deal to acquire Aruba Networks for $24.67 per share
HP (HPQ) confirmed it has reached a definitive agreement to acquire Aruba Networks (ARUN), a provider of network access solutions for the mobile enterprise, for $24.67 per share in cash. The equity value of the transaction is approximately $3B, and net of cash and debt approximately $2.7B. HP and Aruba believe that by combining complementary product portfolios and go-to-market approaches they will be able to accelerate revenue growth and strengthen the financial performance of the combined HP Networking business, and create a leading competitor in the $18 billion and growing campus networking sector. Overall, HP expects the acquisition to be accretive to earnings in the first full year following close. The transaction is expected to close in the second half of HP's fiscal year 2015. Bloomberg first reported on February 25 that Aruba Networks was in talks to be acquired by Hewlett-Packard. Craig-Hallum said after Bloomberg's report that Ruckus Wireless (RKUS) would remain a likely takeout target if HP acquired its competitor Aruba. Aruba Network shares are down 2% in pre-market trading after the deal was confirmed, while Ruckus shares are fractionally higher.
08:34 EDTHPQHP sees Aruba Networks acquisition accretive to earnings in first full year
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08:32 EDTHPQHP to acquire Aruba Networks for $24.67 per share in cash
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08:31 EDTHPQHP to acquire Aruba Networks for $24.67 per share in cash
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08:30 EDTEMCFBR keeps Outperform on EMC after report says no spin-off
FBR Capital maintains an Outperform rating on shares of EMC (EMC) after Reuters reported Friday that the company's management has deciding against spinning off its stake in VMware (VMW). FBR says that while the news is disappointing, it is not surprising. It also thinks the report could be a near-term positive for VMware, since it could remove the spin-off uncertainty. FBR notes EMC is having an analyst day on March 10.
08:29 EDTMSFTMicrosoft reportedly to buy news app for $30M, TechCrunch says
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07:41 EDTSTX, MSFTMorgan Stanley to hold a conference
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07:08 EDTINTCCiti says channel checks negative for Altera, Intel, Xilinx
Citigroup says its channel checks indicate Altera's (ALTR) 14nm tapeout at Intel (INTC) has been pushed out again from Q2 to the second half of the year. Its checks also show that Altera has been "very aggressive" in pricing to gain back market share in Asia. Citi sees the two issues as negative for Altera, Intel and Xilinx (XLNX), and positive for TSMC (TSM) and Samsung.
06:18 EDTMSFTStocks with implied volatility below IV index mean; MSFT CSCO
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05:56 EDTINTCWind River announces collaboration with China Mobile
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05:55 EDTMSFTMicrosoft introduces Lumia 640 and Lumia 640 XL
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05:51 EDTINTCIntel Security selected by Samsung for Galaxy S6 smartphones
Intel Security announced that Samsung will be providing Samsung Galaxy S6 and S6 Edge smartphone users with a security solution to help keep them safe from a growing number of mobile threats. For the first time, Samsung Galaxy S6 and S6 Edge will be pre-installed with VirusScan Mobile technology. With this agreement, customers’ Galaxy S6 devices will be protected by anti-malware technology that provides users with a more secure online mobile experience.
05:42 EDTQCOMQualcomm, Alcatel-Lucent, T-Mobile enable extension of LTE
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05:32 EDTQCOMQualcomm, Cyanogen announce collaboration
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March 1, 2015
18:28 EDTMSFTBlackBerry expands cross platform strategy
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February 27, 2015
16:29 EDTEMCEMC decides against spinning off stake in VMware, Reuters reports
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16:22 EDTHPQStocks have another winning week after Greek deal, Yellen reassurance
Stocks ended higher this week after the euro zone sealed its deal to extend Greece's bailout and Fed chair Janet Yellen reiterated that the central bank would take a patient approach to raising interest rates. MACRO NEWS: Last Friday afternoon, Greece reached a framework deal with its euro zone partners to extend its bailout by four months, contingent on a reform proposal being accepted. The proposals were accepted by the EU early this week... In testimony before Congress, Janet Yellen reiterated that the Federal Reserve can remain patient in deciding when to hike interest rates... U.S. economic data was mixed, as the Q4 GDP growth revision, durable goods orders for January, and an index of consumer sentiment beat expectations, but weekly jobless claims and existing home sales for January missed expectations... Somewhat positive economic data came out of China, as the flash HSBC/Markit Purchasing Managers' Index was 50.1, representing a four month high. However, China's export orders declined at the fastest rate in 20 months. COMPANY NEWS: Drug maker Valeant (VRX) agreed to buy Salix (SLXP), which develops gastrointestinal products, for $158 per share. In another development on the M&A front, Bloomberg reported that HP (HPQ) is in talks to make its biggest acquisition in several years by potentially acquiring Aruba Networks (ARUN), which provides Wi-Fi products. Additionally, PTC Therapeutics (PTCT) rose after Reuters said the company is working with financial advisers to explore a potential sale after receiving takeover interest from several companies including Shire (SHPG) and BioMarin (BMRN)... Solar energy company SunPower (SPWR) was one of this week's big winners after its quarterly results topped expectations, and the company announced that it's in advanced talks to form a joint YieldCo vehicle with peer First Solar (FSLR). First Solar also rallied after the news... Among the noteworthy losers this week was Lumber Liquidators (LL), after the company reported Q4 earnings per share and revenue that missed consensus expectations. The flooring retailer also warned on its associated call that an upcoming "60 Minutes" piece may cast the company in an unfavorable light and disclosed in its annual report that the Department of Justice indicated in recent communications that it is contemplating seeking criminal charges under the Lacey Act... Companies that rose after reporting their quarterly results included Home Depot (HD) and Gap (GPS), while HP, TASER (TASR), and J.C. Penney (JCP) dropped after reporting their results. INDEXES: For the week, the Dow was down 0.04% to 18,132.70, the Nasdaq was up 0.15% to 4,963.53, and the S&P 500 was down 0.27% to 2,104.50.
15:57 EDTEMCEMC decides against spinning off stake in VMware, Reuters reports
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09:16 EDTEMCEMC to hold a conference call
VP-Product Management Josh Goldstein holds a conference call to discuss EMC XtremIO on February 27 at 1 pm. Webcast Link
05:55 EDTQCOM, MSFTStocks with implied volatility below IV index mean; MSFT QCOM
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February 26, 2015
18:03 EDTQCOMQualcomm extends LTE to unlicensed spectrum to enhance mobile experiences
To address the increasing demand for mobile data, Qualcomm Technologies, a subsidiary of Qualcomm, is extending LTE to unlicensed spectrum and announced that it has integrated the technology into its latest small cell solutions and RF transceivers for mobile devices. Qualcomm Technologies also announced that it successfully completed over-the-air testing to prove co-existence between multiple LTE-U and Wi-Fi access points in the unlicensed spectrum under extreme load conditions. Qualcomm Technologies will showcase its new solutions with a number of LTE-U demonstrations at Mobile World Congress, March 2-5 in Barcelona, Spain.
14:02 EDTMSFTMicrosoft shutting down two factories in China, Want China Times reports
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11:03 EDTINTC, QCOMSamsung ranks first in 2014 EU patent applications
The European Patent Office reports that Samsung (SSNLF) was ranked first in number of European patent applications for 2014 with 2,541 applications filed. Philips (PHG) took second place with 2,317, Siemens (SIEGY) took third with 2,133, BASF (BASFY) took sixth with 1,530, Qualcomm (QCOM) took seventh with 1,459, Ericsson (ERIC) took ninth with 1,347, and Intel (INTC) took 10th with 1,054 applications filed.
10:20 EDTHPQRuckus Wireless will be in play if HP acquires Aruba, says Craig-Hallum
Craig-Hallum said Ruckus Wireless (RKUS) remains a likely takeout target following reports Hewlett-Packard (HPQ) may acquire competitor Aruba Networks (ARUN). Analyst Tony Stoss said if Hewlett is looking at Aruba, it should absolutely look at Buy rated Ruckus, which would also pressure Cisco (CSCO) to take a hard look at the company. Stoss says Ruckus has superior technology and exposure to the high growth service provider market with numerous catalysts ahead to drive shares higher.
09:18 EDTHPQAruba Networks could be acquired for $28 per share, says SunTrust
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09:08 EDTQCOMHouse Energy & Commerce Committee to hold a hearing
The Commerce, Manufacturing, and Trade Subcommittee holds a hearing entitled, "Patent Demand Letter Practices and Solutions" with Vice President-Government Affairs Laurie Self at Qualcomm on February 26 at 10:15 am. Webcast Link
07:17 EDTHPQAruba would seek takeover price of $23-$27 per share, says JMP Securities
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06:30 EDTINTCARM Holdings looking to expand to Internet of Things, servers, WSJ reports
ARM Holdings (ARMH) is trying to break into the nascent Internet of Things market and the server segment, according to The Wall Street Journal. In the server market, ARM is looking to take share from Intel (INTC), the newspaper stated. Reference Link
06:27 EDTMSFTMicrosoft increases orders to China makers, DigiTimes reports
Microsoft is increasing orders to China makers and away from Taiwan makers, reports DigiTimes. Microsoft has become increasingly concerned over costs and is adjusting its supply chain to receive components at more competitive pricing that previously received from Taiwan makers. Reference Link
06:26 EDTINTCCiti sees downside risk to consensus estimates for Intel
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06:13 EDTQCOM, MSFTStocks with implied volatility below IV index mean; MSFT QCOM
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05:47 EDTEMCAtos and EMC to further strengthen strategic alliance
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February 25, 2015
16:38 EDTHPQOn The Fly: Closing Wrap
The Wall Street averages had a relatively quiet open and remained in a tight range for most of the session. The market moved to the high end of its range by mid-afternoon, which pushed the Dow and S&P to new highs and the Nasdaq ever closer to its 5,000 level. There was little momentum behind the move and the averages eventually faded, closing nearly unchanged for the session. ECONOMIC EVENTS: In the U.S., new home sales slipped 0.2% to a 481K annual pace in January, which was better than the expected 2.3% decline to a 471K rate. The DOE petroleum inventory report showed crude stockpiles grew by 8.4M barrels in the week of February 20, versus expectations for a 4M barrel increase. In China, HSBC and Markit's flash purchasing managers' index for February came in at 50.1, which was above the consensus outlook of 49.7 and represented a four month high. COMPANY NEWS: Shares of Hewlett-Packard (HPQ) dropped $3.82, or 9.92%, to $34.67 after the PC, printer and server maker reported lower than expected Q1 revenue and cut its FY15 EPS view and free cash flow outlook, citing separation costs and foreign exchange headwinds. However, analysts at Citigroup, Bernstein, and Brean Capital all recommended buying the stock on weakness in separate notes to investors today. Later in the day, Bloomberg reported, citing sources, that HP is in talks to make its biggest acquisition in several years by potentially acquiring Aruba Networks (ARUN), sending shares of the WiFi equipment maker up $3.86, or 21.0%, to $22.24. Shares of Aruba competitor Ruckus Wireless (RKUS) also gained 66c, or 5.89%, to $11.86 after Bloomberg's report on potential M&A in their space... Chesapeake Energy (CHK) slid $1.90, or 9.56%, to $17.98 after reporting worse than expected earnings amid the recent plunge in energy prices and announcing lower capital spending plans for 2015. MAJOR MOVERS: Among the notable gainers was Benefitfocus (BNFT), which jumped $10.85, or 47.24%, to $33.82 after reporting Q4 earnings and disclosing that Marsh & McLennan (MMC) subsidiary Mercer took a 9.9% stake in the company. Also higher was SFX Entertainment (SFXE), which gained $1.09, or 29.46%, to $4.79 after the company’s Chairman and CEO, Robert Sillerman, offered to acquire all of the outstanding shares of common stock of the company not already owned by him for $4.75 per share in cash. SFX Entertainment confirmed that it received the proposal and established a special committee to review and negotiate the nonbinding offer. Among the noteworthy losers was Lumber Liquidators (LL), which plunged $18.15, or 26.39%, to $50.63 after reporting Q4 earnings per share and revenue that missed consensus expectations, warning on its associated call that an upcoming "60 Minutes" piece may cast the company in an unfavorable light, and disclosing in its annual report that the Department of Justice indicated in recent communications that it is contemplating seeking criminal charges under the Lacey Act. Also lower following their earnings reports were shares of Republic Airways (RJET), which fell $2.17, or 14.49%, to $12.81, and LendingClub (LC), which dropped $3.14, or 13.28%, to $20.51. INDEXES: The Dow added 15.38, or 0.08%, to 18,224.57, the Nasdaq slipped 0.98, or 0.02%, to 4,967.14, and the S&P 500 dropped 1.62, or 0.08%, to 2,113.86.
15:40 EDTHPQAruba Networks a strong takeout candidate, says Northland
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15:07 EDTHPQAruba Networks in talks to be acquired by Hewlett-Packard, Bloomberg says
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15:04 EDTHPQAruba Networks jumps 10.5%, halted after report on HP takeover talks
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15:03 EDTHPQAruba Networks in talks to be bought by Hewlett-Packard, Bloomberg says
12:31 EDTHPQOn The Fly: Midday Wrap
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10:34 EDTHPQ, INTC, MSFTHP slide after currency driven guidance cut called buying opportunity
The shares of Hewlett-Packard (HPQ) are falling after the company reported lower than expected first quarter revenue and sharply lowered its free cash flow guidance and cut its fiscal year profit view. However, analysts at Citigroup, Bernstein, and Brean Capital all recommended buying the stock on weakness in separate notes to investors today. BACKGROUND: HP reported slightly higher than expected Q1 profits, but its revenue came in below expectations. The company sharply lowered its fiscal 2015 free cash flow guidance to $3.5B-$4B from its previous outlook of $6.5B-$7B. The tech giant also lowered its fiscal 2015 EPS guidance to $3.53-$3.73 from its previous outlook of $3.83-$4.30. "While we were able to manage the impact of currency in the quarter and deliver earnings as expected, we believe the impact on FY15 will be significantly greater than we anticipated in November. We'll work hard to offset these impacts through re-pricing and productivity, but fully mitigating currency movements of this size would require reducing investments and mortgaging our future. We won't do that," said HP CEO Meg Whitman. ANALYST REACTION: The decline in HP's EPS guidance was entirely due to foreign currency fluctuations, while most of the cut in its free cash flow guidance was caused by one-time costs related to the upcoming split of HP into two separate companies, Citi analyst Jim Suva stated. Most of the company's businesses "continue to perform well or at least make progress," wrote Suva. The decline in the stock has created an attractive entry point for investors who are looking to own the shares in order to benefit from the break-up, according to the analyst. He kept a Buy rating on the shares. Bernstein analyst A.M. Sacconaghi was less upbeat on HP's outlook, but also recommended buying the shares on today's weakness. Although revenue estimates for HP may be too high, the stock's valuation remains attractive, as it is the second least expensive tech stock in the S&P 500, according to Sacconaghi, who believes the shares are worth $45-$50. Cautioning that HP's stock is likely "to be in the penalty box" in the near-term, Sacconaghi nonetheless believes that the shares could get a significant boost when the company provides more information about its spin-off. He recommended that investors buy the stock on today's weakness and kept an Outperform rating on the shares. HP's fundamentals haven't changed, as the company continues to expect its revenue to remain flat in fiscal 2015, and it has not changed its capital return guidance, Brean Capital analyst Ananda Baruah stated. The company also continues to expect free cash flow of at least $5B-$6B in 2016 and beyond, Baruah added. Moreover, HP's share repurchases are unlikely to be significantly reduced as a result of the decline in its free cash flow guidance, the analyst predicted. Baruah recommended buying the stock on today's weakness and kept a $45 price target and Buy rating on the shares. PRICE ACTION: In early trading, HP fell 9.5% to $34.84. OTHERS TO WATCH: Other large cap PC levered names are also weak in morning trading after HP's report last night, with Microsoft (MSFT) down 0.25% and Intel (INTC) down 1.2%.
09:53 EDTQCOMCredit Suisse technology analysts hold an analyst/indusr
Analysts provide takeaways from Qualcomm, Cisco and Arista Networks on an Analyst/Industry conference call to be held on February 25 at 10 am.
09:48 EDTMSFTIDC reports 96.3% smartphone marketshare for iPhone, Android
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09:36 EDTHPQActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL HPQ PBR FSLR MRVL TSLA LVS ABX TWTR MGM
09:25 EDTINTCCisco, Apple among U.S. names cut from China state buying list, Reuters says
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09:08 EDTHPQOn The Fly: Pre-market Movers
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08:38 EDTHPQIntralinks enters stategic technology partnership with Hewlett-Packard
Intralinks (IL)has entered into a strategic technology and go-to-market partnership agreement with HP (HPQ). Intralinks has joined the HP PartnerOne for Service Provider program and will leverage HP solutions and services to support Intralinks' global data centers. The company is building its application architecture for secure content collaboration on HP Helion OpenStack technology.
08:38 EDTHPQHP should be bought on weakness, says Bernstein
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07:43 EDTHPQHP pullback would be a buying opportunity, says Brean Capital
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07:27 EDTINTC, HPQThe Linley Group to hold a conference
Linley Data Center Conference 2015 is being held in Santa Clara, California on February 25-26.
06:37 EDTHPQHP hints at additional layoffs following completion of 2012 restruturing plan
On its Q1 earnings conference call, Hewlett Packard said it is nearing the completion of its 2012 restructuring plan. Says about 2,800 people exited the company in Q1, making the total reduction to date approximately 44,000. The company said it is on track to complete the existing program, with a total of 55,000 people expected to exit by end of FY15. However, the company said it "anticipates incremental opportunities for operational improvements identified through the separation process."
06:27 EDTHPQHP pullback brings attractive entry point, says Citigroup
Citigroup says HP's entire 8% earnings guidance reduction was due to currency moves and that most of the $3B free cash flow reduction was a result of one-time separation-related costs. Citi believes most of HP's operating segments "continue to perform well or at least make progress." The firm views the near-term pull back in shares as an attractive entry point for those looking to own the stock for the break-up. It dropped its price target for HP shares to $45 from $46 and keeps a Buy rating on the name. Shares of the computer maker traded down 7%, or $2.70, to $35.79 in after-hours trading last night after the company reported Q1 results.
05:54 EDTMSFT, QCOMStocks with implied volatility below IV index mean; FOSL QCOM
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February 24, 2015
18:15 EDTHPQOn The Fly: After Hours Movers
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17:45 EDTHPQHP lowers FY15 free cash flow view to $3.5B-$4B from prior view $6.5B-$7B
17:35 EDTHPQHP trades lower in after hours, now down almost 8%
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17:34 EDTHPQHP sees FY15 free cash flow $3.5B-$4B
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16:11 EDTHPQHP lower by over 4% after reporting Q1 results, guidance
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16:10 EDTHPQHP personal systems revenue for Q1 was flat
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16:08 EDTHPQHP sees Q2 EPS 84c-88cc, consensus 96c
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16:08 EDTHPQHP lowers FY15 EPS view to $3.53-$3.73 from $3.83.-$4.03, consensus $3.95
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16:06 EDTHPQHP reports Q1 EPS 92c, consensus 91c
Reports Q1 revenue $26.8B, consensus $27.34B.
15:21 EDTHPQNotable companies reporting after market close
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13:46 EDTHPQHP technical notes before results
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13:35 EDTHPQHP February weekly 38 straddle priced for 4.6% movement into Q1
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12:47 EDTHPQ, STXEarnings Preview: HP reports with break-up inching closer
Hewlett-Packard (HPQ) is set to report first quarter earnings after the market close on Tuesday, February 24, with a conference call scheduled for 5:00 pm ET. Hewlett-Packard is an IT company that provides hardware, software, and business and enterprise solutions. In October of last year, HP announced plans to separate into two new publicly traded companies: one comprising HP's enterprise technology infrastructure, software and services businesses, which will do business as Hewlett-Packard Enterprise, and one that will comprise HP's personal systems and printing businesses, which will do business as HP Inc. EXPECTATIONS: Analysts are looking for earnings per share of 91c on revenue of $27.34B, according to First Call. The consensus range for EPS is 88c-95c on revenue of $27.01B-$27.92B. With its last earnings report, the company said it expects Q1 EPS of 89c-93c. HP has an FY15 EPS forecast of $3.83-$4.03, compared to a consensus estimate of $3.96. LAST QUARTER: On November 25, HP reported fourth quarter EPS of $1.06, matching the consensus estimate, on revenue of $28.4B, against a consensus estimate of $28.76B. HP said its Q4 personal systems revenue was up 4% from the prior year period, with total units up 5%, including Desktops units being down 2% and Notebooks units being up 8%. Enterprise Group revenue was down 4% year over year, with Industry Standard Servers revenue down 2%, Storage revenue down 8%, Business Critical Systems revenue down 29%, Networking revenue up 2% and Technology Services revenue down 3%. NEWS: On the day after HP's Q4 report, HP CEO Meg Whitman said in an interview on CNBC that the company will have a moratorium on acquisitions during 2015 as it readies for its split. Whitman also noted that the newly formed companies will have a supply chain agreement to ensure they do not lose leverage after their split. In mid January, research firm Gartner estimated that worldwide shipments of PCs increased 1% last quarter. "These results indicate a slow, but consistent improvement following more than two years of decline," the firm wrote. Late last month, HP said it has been "working diligently to ensure that both HP Inc. and Hewlett-Packard Enterprise are set up for success" and announced Hewlett-Packard Enterprise will be headed by Meg Whitman as President and CEO and that HP Inc. will be led by Dion Weisler as President and CEO. STREET RESEARCH: On December 17, Citigroup analyst Jim Suva contended that sales of PCs will be at least flat next year, before growing slightly in 2016 and 2017. The firm identified HP as the best way to play better than expected PC sales. Suva raised his price target on HP shares to $46 from $40 and kept a Buy rating on the stock. Also at that time, Suva raised his price target on hard disk drive maker Western Digital (WDX) to $125 from $110 and on its competitor, Seagate (STX), to $74 from $70, as he noted that the companies obtain about 50% of their revenue from PCs. He kept Buy ratings on both names. On January 13, Pacific Crest downgraded HP to Sector Perform from Outperform, citing increased competition and the fact that a number of companies are buying integrated IT stacks and buying fewer individual servers and IT storage products. More recently, Wells Fargo said it believes that HP's Q1 results could exceed the consensus outlook, driven by PC share gains, strong server demand, and solid printing demand. The firm believes that currency issues may pressure the company's outlook, but it thinks that investors expect such a scenario. The firm reiterated an Outperform rating on the shares. PRICE ACTION: Over the last three months, shares of HP are up almost 2%. Near midday ahead of Tuesday's report, the stock was down fractionally near $38 per share.
07:19 EDTSTXSusquehanna to hold a summit
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06:54 EDTHPQTwo reshuffles in HP's cloud computing unit, Gigaom says
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06:36 EDTHPQHP obtains ten year outsourcing deal from Deutsche Bank, Reuters reports
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06:06 EDTQCOMStocks with implied volatility below IV index mean; FOSL QCOM
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February 23, 2015
09:59 EDTINTCOn The Fly: Analyst Initiation Summary
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08:55 EDTHPQHP volatility elevated into Q1 and outlook
HP February weekly call option implied volatility is at 61, March is 30, April is at 28, August is at 27; compared to its 26-week average of 27 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on February 24.
08:46 EDTINTCIntel initiated with an Outperform at Exane BNP Paribas
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07:40 EDTHPQHP Q1 results could beat expectations, says Wells Fargo
Wells Fargo believes that HP's Q1 results could exceed the consensus outlook, driven by PC share gains, strong server demand, and solid printing demand The firm believes that currency issues may pressure the company's outlook, but it thinks that ivnestors expect such a scenario. The firm reiterates an Outperform rating on the shares.
06:11 EDTQCOMStocks with implied volatility below IV index mean; FOSL QCOM
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February 22, 2015
17:25 EDTQCOMChip designer CEVA takes on Qualcomm in China, Bloomberg says
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February 20, 2015
11:47 EDTQCOMQualcomm mentioned positively at Pacific Crest
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07:27 EDTHPQHP volatility elevated into Q1 and growth outlook
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04:50 EDTQCOMStocks with implied volatility movement; QCOM KO
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