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News Breaks
May 15, 2014
07:13 EDTNFLX, GOOGData shows Netflix's share of Internet traffic up over last six months, WSJ says
According to new data yesterday from network gear maker Sandvine, Netflix’s (NFLX) internet traffic represents 34% of North America’s downloads during the busiest hours of the day so far this year, up from 32% six months ago, the Wall Street Journal reports. Google's (GOOG) YouTube's share fell to 13% from 19% six months ago. Reference Link
News For NFLX;GOOG From The Last 14 Days
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January 28, 2016
16:00 EDTNFLXOptions Update; January 28, 2016
iPath S&P 500 VIX Short-Term Futures down 84c to 25.21 Option volume leaders: FB AAPL MSFT AMZN NFLX BAC BABA QCOM AAL MU C RIG
15:05 EDTGOOGEarnings Watch: Analysts more bullish on Microsoft since last quarter's blowout
Microsoft (MSFT) is scheduled to report results of its second quarter of fiscal year 2016 after the market close on Thursday, January 28, 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 computer, phone and gaming hardware. EXPECTATIONS: Analysts are looking for earnings per share of 71c on revenue of $25.26B, according to First Call. The consensus range for EPS is 66c-75c on revenue of $24.62B-$25.92B. On its last earnings conference call, Microsoft said it expected Q2 productivity revenue of $6.6B-$6.67B, Q2 revenue for intelligent cloud of $6.2B-$6.3B and Q2 personal computing revenue of $12B-$12.4B. LAST QUARTER: On October 22, Microsoft reported first quarter earnings per share of 67c, beating the consensus analyst forecast of 59c. The company's revenue came in at $21.7B, topping the consensus estimate of $21.03B. NEWS: On December 17, Microsoft announced a new joint venture that will license, deploy, manage and optimize Windows 10 for China's government agencies and certain state owned enterprises and provide ongoing support and services for these customers. That announcement followed Microsoft inking a partnership with Baidu (BIDU) to make it easy for their customers to upgrade to Windows 10 while providing local browsing and search experiences, and universal apps. On January 4, Microsoft said in a blog post that operating system Windows 10 was currently active on over 200M devices, bringing the company closer to its goal of seeing Windows 10 active on more than 1B devices. STREET RESEARCH: On the day after the company's last earnings report, BofA Merrill Lynch analyst Kash Rangan upgraded Microsoft to Buy from Neutral, saying he believes the company was at a turning point with its operating income headed for growth following four years of flattish performance. At the time, Rangan increased his price target on the stock to $63 from $46. On November 20, Deutsche Bank analyst Ross Sandler wrote in a note to investors that actions taken by Google parent Alphabet (GOOG) and comments made by its executives indicated that the tech giant plans to make a major push in the cloud infrastructure market. Based on a comment from executive Urs Holzle that the company's revenue from the cloud could surpass its ad revenue by 2020, Sandler estimated that the company is seeking to boost its cloud revenue to $100B by 2020. Google's push in the cloud is negative for Microsoft, but it will take years for Google to build up its cloud business to the point where it's competitive with Microsoft's cloud offering, Azure, the analyst contended. On November 30, Raymond James analyst Michael Turits upgraded Microsoft two notches to Strong Buy from Hold, predicting that the tech giant will become one of the few large scale cloud vendors that can succeed across the industry's three main segments. Microsoft will emerge alongside Amazon (AMZN) and Google as part of a small group of "hyperscale" cloud vendors that can combine Infrastructure-as-a-Service, Platform-as-a-Service and Software-as-a-Service, predicted Turits. Forecasting that Microsoft's cloud revenue will grow at a compound annual growth rate of 6% between fiscal 2016 and fiscal 2018, the analyst estimated that the company's overall profit growth would accelerate to at least 8% over the long-term. Moreover, the growth of Microsoft's Office business appears to be accelerating, despite competition from Google, said Turits, who set a $62 price target on the shares. On January 13, Morgan Stanley analyst Keith Weiss upgraded Microsoft to Overweight, the firm's equivalent of a "Buy" rating, from Equal Weight. Microsoft is emerging as a public cloud winner, is gaining share in the data center market and Office 365 is seeing its base grow and its per user pricing increase, all of which set up the company to resume earnings growth after a five year period of stagnation, Weiss told investors. The analyst, who believes Microsoft's earnings growth and "aggressive" return of capital to shareholders should help its multiple expand, raised his price target on the stock to $66 from $57. This morning, UBS analyst Brent Thill said that given Apple's (AAPL) recent negative commentary around macro uncertainty he was lowering his second half of the year estimates for Microsoft on the potential for more conservative guidance when it issues its Q2 report after the closing bell. Thill trimmed his price target on Microsoft to $58 from $60, but said he remains confident the company is making the right moves to the cloud and kept a Buy rating on shares. PRICE ACTION: On the day after the company's last quarterly report, Microsoft shares jumped 10.4% to $53.03. In late afternoon trading ahead of Thursday's report, Microsoft advanced 1.25% to $51.86.
12:22 EDTNFLXEarnings Watch: Amazon expected to report strong Q4 results after holiday season
Amazon.com (AMZN) is expected to report fourth quarter earnings after the market close on Thursday, January 28 with a conference call scheduled for 5:00 pm ET. Amazon.com is an online retail company that also provides consumer electronics and cloud computing services. EXPECTATIONS: Analysts are looking for earnings per share of $1.56 on revenue of $35.93B. The consensus range is 60c-$2.41 for EPS, and $35.11B-$36.75B for revenue, according to First Call. LAST QUARTER: Amazon.com reported third quarter EPS of 17c against estimates of (13c), on revenue of $25.4B against estimates of $24.91B. At that time, the company gave Q4 revenue guidance of $33.5B-$36.75B and Q4 operating income guidance of $80M-$1.28B, compared to $591M in the year-ago period. Amazon also reported Q3 Amazon Web Services revenue $2.085B and AWS operating income $521M. The company said Prime Day added 2% to its global revenue growth rate. NEWS: In the past quarter, ChannelAdvisor said that Amazon outpaced the industry with a 16.8% holiday SSS growth. Specifically, Amazon's SSS grew 28.9% on Thanksgiving, up 20% on Black Friday, up 20.5% on Cyber Sunday, and up 25.6% on Cyber Monday. During that time, Amazon's Fire tablet was the top-selling product. According to a Re/code report in December, Amazon is now accounting for more than half of all sales growth in U.S. eCommerce. In Q4, Amazon also announced expansions for Prime Now in Los Angeles, San Diego, Baltimore, Austin and Chicago. It began delivering alcohol in Manhattan and offered delivery from local stores in China. By the end of 2015, Amazon was offering Prime Now in 26 cities. The company plans to open fulfillment centers in Columbus, Massachusetts and Canada. It also also build an Amazon Wind Farm in Ohio. Amazon announced that it will shutter its payments service and Groupon-style daily deals service in 2016. However, it also announced that it tripled its selection of free games and apps since launching Amazon Underground. Amazon held early tests of cargo aircraft as it looks to establish its own freight operations. During the Golden Globe awards, Amazon's "Mozart in the Jungle" received two awards, while its competitor Netflix (NFLX) left empty-handed. STREET RESEARCH: In the long-term, Citi said Amazon has a path towards $20 per adjusted EPS by 2018 due to an ongoing mix shift in the retail business and stellar growth in its high margin cloud business. The company was also initiated with an Overweight at Pacific Crest, and had its price target raised at Nomura and BofA.Merrill, citing the company's aim to be part of the consumer purchase process and its lead in both eCommerce and the cloud. Piper Jaffray said Amazon's Prime membership has been the most impressive despite a large base of users. It expected Amazon to add 8M-9M Prime subscribers during the full holiday season, ahead of its previous expectation of 6M-7M. Piper Jaffray added that estimates are mis-modeling Amazon's margin expansion in 2016 and believes the company's unit growth will likely exceed expectations. Ahead of the Q4 earnings report, Stifel said Amazon revenue is expected to beat expectations due to healthy eCommerce trends, strong Prime adoption and strong adoption of AWS. Bernstein also said that the street margin outlook for Amazon continues to be too low, and believes the company is poised to beat street expectations. PRICE ACTION: Amazon.com shares are near flat over the last three months. In Thursday trading ahead of the Q3 report, Amazon.com shares are higher by 6.5%.
09:38 EDTNFLXActive equity options trading on open
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08:04 EDTGOOGHarman CEO: On track to deliver full year plan
"I am pleased to announce our 11th consecutive quarter of top and bottom line growth. Our strong first half results were in-line with our expectations. While we are closely monitoring macroeconomic developments, at this time, we are on track to deliver on our full year plan," said Dinesh C. Paliwal, Harman (HAR) Chairman, President and CEO. "HARMAN continues to innovate and bring industry-first solutions to market. We are also partnering with key technology leaders such as Google (GOOG), Microsoft (MSFT) and Under Armour (UA) to capitalize on the opportunities presented by IoT for automotive, enterprise and consumer electronics. In addition, our acquisition of TowerSec will strengthen our cybersecurity leadership position for automotive."
07:45 EDTGOOGFacebook price target raised to $140 from $125 at Cowen
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06:24 EDTGOOGSNP calls on EU to probe Google's U.K. tax agreement, FT reports
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06:22 EDTGOOGGoogle, Apple push back on Euro tax deals, FT reports
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06:19 EDTGOOGItaly finance police say Google avoided EUR227M in taxes, Reuters says
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January 27, 2016
19:30 EDTNFLX, GOOGOn The Fly: After Hours Movers
UP AFTER EARNINGS: Facebook (FB), up 11.4%... Mellanox (MLNX), up 6.4%... Paypal (PYPL), up 5%... Crown Castle (CCI), up 2.2%... Citrix (CTXS), up 2.4%... Las Vegas Sands (LVS), up 1%... SanDisk (SNDK), up 1%. ALSO HIGHER: Radius Health (RDUS), up 1.2% after announcing a clinical collaboration with Novartis (NVS)... LinkedIn (LNKD) is up 2.4%, Alphabet (GOOG, GOOGL) is up 2.2% and 2.6%, respectively, Netflix (NFLX) is up 1%, Amazon.com (AMZN) is up 2%, and Twitter (TWTR) is up marginally after Facebook reported quarterly results... MGM Resorts (MGM) is up 2.2% and Wynn Resorts (WYNN) is up 2.2%. DOWN AFTER EARNINGS: ServiceNow (NOW), down 16.5%... eBay (EBAY), down 12.8%... United Rentals (URI), down 9.7%... Juniper Networks (JNPR), down 9.6%... Silicon Graphics (SGI), down 9.1%... Discover Financial (DFS), down 7.4%... InvenSense (INVN), down 6.1%... Core Laboratories (CLB), down 4.3%... Vertex Pharmaceuticals (VRTX), down 1.1%. ALSO LOWER: Incyte (INCY), down 12.8% after announcing that it will halt the Phase 2 sub-study of ruxolitinib or placebo in combination with regorafenib after a planned interim analysis of the high CRP subgroup demonstrated that ruxolitinib plus regorafenib did not show a sufficient level of efficacy to warrant continuation.
18:00 EDTGOOG, NFLXFacebook executives pleased with China growth, hazy on Oculus launch
Speaking on the company's fourth quarter earnings conference call, Facebook (FB) Chief Executive Officer Mark Zuckerberg highlighted the company's more than 2.5M active advertisers as well as the growth of its Messenger and WhatsApp services, which have expanded to 800M and nearly 1B monthly users, respectively. More services will be coming soon to Messenger, Zuckerberg promised, including airline integration. The CEO noted he is "pleased" with initial consumer reaction to Samsung's (SSNLF) Gear VR virtual reality headset, though commentary on pre-orders for Facebook's own Oculus Rift device was notably light, with Zuckerberg saying only that the Oculus launch is "shaping up to be a big moment for the gaming community." Meanwhile, Chief Operating Officer Sheryl Sandberg said the company is pleased with the growth its seeing in emerging markets, including China, where businesses are using Facebook to reach customers internationally. The commentary comes in contrast to the downbeat macro view voiced during Apple's (AAPL) conference call Tuesday night. Globally, 98 of the quarter's top 100 Facebook advertisers also chose to market on Instagram, Sandberg said, adding that as businesses realize they need to catch up to consumer shifts towards mobile, she foresees a "big" opportunity to continue growing advertiser count. ANALYST TAKE: Piper Jaffray analyst Gene Munster issued a post-earnings note on Facebook, reiterating his Overweight rating and $155 price target on the social network giant in the wake of its strong beat. PRICE ACTION: Shares of Facebook have surged 12.8% to $106.60 in after-hours trading. Other members of the FANG stock grouping are also moving higher, with Amazon (AMZN), Netflix (NFLX) and Alphabet (GOOG) rising a respective 2.3%, 2.25% and 2.6%.
16:54 EDTGOOGGoogle, Movidius partner on 'deep learning' for mobile devices
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16:01 EDTNFLXOptions Update; January 28, 2016
iPath S&P 500 VIX Short-Term Futures up 1.02 to 26.01. Option volume leaders: AAPL FB BAC NFLX FCX BABA AA X VZ BA T
12:27 EDTNFLXIndonesia telecom blocks Netflix access, WSJ says
Indonesia's state-owned PT Telekomunikasi Indonesia, or Telkom, blocked access to Netflix in the country, the Wall Street Journal reports. Telkom said it blocked access to the streaming service after it determined it didn't have a permit to operate as a content provider in Indonesia, the report says. It added that it objected to some of Netflix's available content, including what it said was violent and adult content, the report says. Reference Link
11:06 EDTNFLXStocks with call strike movement; NFLX COP
Netflix (NFLX) April 105 call option implied volatility increased 5% to 55, ConocoPhillips (COP) May 20 call option implied volatility increased 1% to 46 according to iVolatility.
09:32 EDTGOOG, NFLXActive equity options trading on open
Active equity options trading on open: AAPL FB AMZN AAL BAC PCLN NFLX MRK GOOG
09:04 EDTNFLXNetflix could become stronger in a recession, says MKM Partners
MKM Partners analyst Rob Sanderson believes a recession would likely accelerate cord-cutting, which could improve Netflix's competitive position, and he recommends using any near-term weakness in the streaming service provider's shares to build positions. Sanderson, who calls the company's momentum in international markets "outstanding" and think Netflix's margins will be higher than incumbent media players at scale, maintains a Buy rating and $145 price target on Netflix shares.
06:38 EDTGOOGGoogle files patent for secure delivery component for drones, Reuters says
Alphabet's Google has filed a patent for a drone component designed to store packages securely, Reuters reports. The patent describes a "delivery receptacle" that will take packages from an "aerial delivery device" for deposit to a secure area, the report says. Reference Link
06:14 EDTGOOGFCC proposes set-top box rule revamp, WSJ reports
Federal regulators are anticipated to propose an overhaul of rules for television set-top boxes, a move that targets reducing bills for cable viewers and giving more access to web-based programming, the Wall Street Journal reports. FCC chairman Tom Wheeler's proposal would likely include providing cable and satellite customers more options when it comes to using their service provider's set-top box and cable app, the report says. Such a move could open up the market to alternative set-top-box providers, including TiVo (TIVO) and Alphabet's (GOOG) Google, the report notes. Reference Link
06:10 EDTNFLXAmazon beats Netflix at Sundance deals, NY Post reports
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