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Stock Market & Financial Investment News

News Breaks
May 12, 2014
10:17 EDTNMBL, EMC, NTAP, OVRLNimble Storage climbs following two upgrades
Shares of data storage provider Nimble Storage (NMBL) are rallying after two research firms upgraded the stock in notes to investors earlier today. WHAT'S NEW: Nimble can offer its systems to more companies as it unveils new products, William Blair analyst Jason Ader wrote in a note to investors earlier today. The new products should also enable it to increase its market share, added the analyst, who also cited the stock's recent pullback as a reason for his upgrade. Ader is impressed with the company's revenue growth outlook, management team, technology, and profit margins and expects Nimble's results to surpass analysts' expectations. He raised his rating on the shares to Outperform from Market Perform. Also upgrading Nimble was Needham analyst Richard Kugele. Nimble can grow 50% or more for the next several years, wrote Kugele, who predicted that companies with high growth rates and high valuations will attract investors once again after the market's profit taking and nervousness are exhausted. He upgraded his rating on the shares to Strong Buy from Buy, but cut his price target on the shares to $35 from $62. OTHERS TO WATCH: Other data storage providers include NetApp (NTAP), EMC (EMC), and Overland Storage (OVRL). PRICE ACTION: In early trading, Nimble jumped $2.74, or 13.3%, to $23.33.
News For NMBL;EMC;NTAP;OVRL From The Last 14 Days
Check below for free stories on NMBL;EMC;NTAP;OVRL the last two weeks.
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September 16, 2014
09:05 EDTEMCEMC selects ADP for human capital management
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September 15, 2014
07:19 EDTNTAP, EMCSNIA to hold a conference
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September 11, 2014
13:37 EDTEMCEMC not considering VMware stake sale, Reuters says
EMC (EMC) is not exploring a sale of its majority stake in VMware (VMW), a source familiar with the parent company's thinking told Reuters, refuting an earlier New York Post report that EMC had relented to pressure from Paul Singer's Elliott Management and was weighing an exit from its VMware stake. Reference Link
13:36 EDTEMCEMC sale of VMware stake would be sub-optimal, says Wells Fargo
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13:20 EDTEMCEMC not considering selling VMware stake, Reuters reports
11:17 EDTEMCEMC seen as potential target after said to mull VMware stake sale
EMC (EMC) is considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW), The New York Post reported today, citing unnamed sources. Calling The New York Post "surprisingly accurate" on M&A news, UBS said the likelihood of change at EMC has increased and it has become a potential takeover target. WHAT'S NEW: EMC is exploring the possibility of selling its stake in VMware, which could be acquired by HP (HPQ), according to one source, The Post reported. EMC could also look to sell other assets, the newspaper quoted a second unnamed source as saying. ANALYST REACTION: UBS analyst Steven Milunovich wrote that he is more convinced in the wake of the Post story that "something is up" at EMC. Although EMC has denied in the past that it would consider selling or spinning off VMware, the company could change its tune, the analyst stated. HP could buy VMware or all of EMC, while Oracle (ORCL) and Cisco (CSCO) are also potential buyers of EMC, Milunovich believes.The analyst kept a $33 price target and Buy rating on shares of EMC. WHAT'S NOTABLE: Activist investor Elliott Management, a hedge fund, has taken a $1B stake in EMC and wants the company to spin off VMware, The Wall Street Journal reported in July. Early last month, research firm FBR Capital wrote that an EMC spin-off of VMware could enhance shareholder value for both companies and make VMware a top acquisition candidate by a larger technology company. The firm kept an Outperform rating on EMC at that time. PRICE ACTION: In late morning trading, EMC was little changed at $29.50, down from its earlier high of $29.89. VMware fell 0.7% to $96.75, down from its earlier daily high of $97.86.
10:41 EDTEMCEMC volatility at low end of historic range
EMC September call option implied volatility is at 18, October is at 20, November is at 21, April is at 20; compared to its 26-week average of 21 according to Track Data, suggesting non-directional price movement on UBS sees increasing likelihood of change at EMC.
10:30 EDTEMCUBS sees increasing likelihood of change at EMC
UBS calls the New York Post "surprisingly accurate on M&A" after the paper reported that EMC (EMC) is considering the sale of its stake in VMware (VMW). The firm believes the likelihood for change at the company is rising. In addition, UBS says the industry should consolidate, and it views EMC as a potential target. UBS thinks Cisco (CSCO), Oracle (ORCL) and HP (HPQ) might be interested parties in owning part or all of EMC. The firm believes an HP, EMC merger would make sense. UBS has a Buy rating on EMC with a $33 price target.
07:07 EDTEMCEMC to explore selling VMware stake, NY Post reports
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September 9, 2014
07:05 EDTEMCEMC Corporation to hold a summit
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05:36 EDTEMCVMware, Capgemini announce strategic partnership
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September 8, 2014
08:45 EDTEMC, NMBLNimble Storage, Arista, CommVault recommnded on M&A at Pacific Crest
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08:09 EDTNMBLNimble Storage initiated with an Outperform at FBN Securities
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September 3, 2014
07:00 EDTEMCCredit Suisse recommends buying EMC, Nokia into 2H
Credit Suisse recommends buying EMC (EMC) and Nokia (NOK) into 2H. The firm believes EMC remains undervalued and sees different paths of value creation that include cash returns and a spin-off of VMware (VMW) and that Nokia will see 2H revenue growth following recent divestitures and recent contract momentum. Both are Outperform rated.
September 2, 2014
11:21 EDTNTAPNetApp says driving organic growth is priority for use of capital
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