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Stock Market & Financial Investment News

News For MXIM;MXIM;MXIM;ALTR;ALTR;ALTR;ARUN;ARUN;ARUN;JNPR;JNPR;JNPR;CAVM;CAVM;CAVM;NTGR;NTGR;NTGR From The Last 14 Days
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February 26, 2015
09:04 EDTJNPRJuniper, Canonical form partnership for OpenStack-based cloud solutions
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07:17 EDTARUNAruba would seek takeover price of $23-$27 per share, says JMP Securities
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February 25, 2015
16:38 EDTARUNOn 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.
15:59 EDTARUNAruba Networks moderates after extreme price swings on HP bid news
It was reported by Bloomberg near 3pm ET that Hewlett-Packard (HPQ) was in talks to buy the company. The shares remain up over 20% to $22.13 after hitting an intraday high at $23.49, close to the 52-week high at $23.90. The low to watch as support is at $21.07, the top of the intraday price gap.
15:40 EDTARUNAruba Networks a strong takeout candidate, says Northland
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15:08 EDTARUNRuckus Wireless up 5.5% after report of peer Aruba Networks in takeout talks
15:07 EDTARUNAruba Networks in talks to be acquired by Hewlett-Packard, Bloomberg says
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15:04 EDTARUNAruba Networks jumps 10.5%, halted after report on HP takeover talks
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15:03 EDTARUNAruba Networks in talks to be bought by Hewlett-Packard, Bloomberg says
07:27 EDTCAVM, ALTRThe Linley Group to hold a conference
Linley Data Center Conference 2015 is being held in Santa Clara, California on February 25-26.
February 24, 2015
16:20 EDTJNPRVMware appoints Bask Iyer as Chief Information Officer
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15:46 EDTJNPRJuniper CIO leaving company for same role at VMware, Business Insider says
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15:28 EDTJNPRJuniper to hold an analyst and investor update
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09:02 EDTJNPRJuniper adds 2 directors to board, announces agreement with Elliott
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07:31 EDTMXIMMaxim Integrated management to meet with Deutsche Bank
Meeting to be held in New York on February 24 hosted by Deutsche Bank.
07:14 EDTJNPRCantor to hold a conference
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February 23, 2015
07:52 EDTMXIMMaxim Integrated management to meet with Deutsche Bank
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07:46 EDTALTRAltera management to meet with Deutsche Bank
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February 19, 2015
07:03 EDTCAVMCavium price target raised to $80 from $70 at Barclays
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February 17, 2015
07:22 EDTALTR, CAVMMitsubishi UFJ to hold a tour
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