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March 4, 2014
04:55 EDTNMBL, NMBL, AZPN, AZPN, DATA, DATA, PFPT, PFPT, CTXS, CTXS, CCOI, CCOI, AMC, AMC, GTT, GTT, IMPV, IMPV, SALE, SALE, MLNX, MLNX, FIO, FIO, N, NPacific Crest to hold a summit
9th Annual Pacific Crest Emerging Technology Summit is being held in San Francisco on March 4-5.
News For NMBL;FIO;MLNX;SALE;IMPV;GTT;AMC;CCOI;CTXS;PFPT;DATA;AZPN;N From The Last 14 Days
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April 16, 2015
08:00 EDTCTXSCitrix will use part of GoTo sales proceeds to buy back shares, says Bernstein
After CRN reported that Citrix is considering a divestiture of its Online Services businesses, Bernstein expects the company to sell its GoTo businesses for $2.1B and use a portion of the proceeds to repurchase shares, possibly shrinking its share count by 10%-20%. The firm says it would view the move positively and keeps an Outperform rating on the stock.
April 15, 2015
17:16 EDTDATATableau initiated with a Buy at Stifel
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16:20 EDTDATATableau initiated with an Outperform at William Blair
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10:03 EDTCTXSHigh option volume stocks
High option volume stocks: SKS NSAM AMP CTXS KS WUBA CIT OC ASML SLM
09:39 EDTCTXSCitrix weighing sale of online services subsidiary, CRN reports
Citrix Systems (CTXS) is weighing the sale of spinoff of its online services subsidiary, CRN reported last night, citing sources familiar with the matter. The unit includes GoToMeeting Web conferencing and GoToMyPC remote access apps, the website pointed out. Shares of Citrix are up $1.58 to $65.59 in early trading. Reference Link
07:39 EDTDATATableau enters partnership with Birst
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April 14, 2015
17:15 EDTNMBLUmesh Maheshwari reports 9.46% passive stake in Nimble Storage
17:12 EDTNMBLVarun Mehta reports 10.13% passive stake in Nimble Storage
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08:02 EDTGTTGTT Communications names Mike Sicoli as CFO
GTT Communications announced that Mike Sicoli has joined the GTT leadership team as CFO. Sicoli will lead GTT’s global finance group, including financial operations, investor relations, and all banking and advisory relationships. “Mike’s extensive financial and management expertise in the communications industry makes him the ideal executive to drive GTT’s performance moving forward,” said Rick Calder, GTT President and CEO. “Mike’s depth of experience in high growth companies is invaluable as we execute our growth strategy towards achieving our next financial objective of $400M in revenue and $100M in adjusted EBITDA."
April 13, 2015
16:21 EDTPFPTOn The Fly: Top stock stories for Monday
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10:00 EDTAMCOn The Fly: Analyst Downgrade Summary
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09:00 EDTAMCAMC Entertainment downgraded to Neutral from Buy at B. Riley
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06:47 EDTPFPTPalo Alto, FireEye remain Piper's favorite security ideas
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April 12, 2015
18:11 EDTIMPV, PFPTEx-hacker says many capable of launching Sony-style cyber attack, CNET says
Ninety percent of companies are vulnerable to a Sony (SNE)-like cyber attack security experts tell "60 Minutes," CNET says. Companies in the cyber security space include Barracuda (CUDA), FireEye (FEYE), Check Point (CHKP), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Qualys (QLYS), Symantec (SYMC) and Proofpoint (PFPT). Reference Link
April 10, 2015
13:35 EDTCTXSCitrix falls after guidance cut, but analyst says M&A potential may limit slide
The shares of Citrix (CTXS) are falling after the company lowered its first quarter guidance, but RBC Capital wrote that the miss could increase investors' focus on potential activism or M&A scenarios. The company provides virtualization and cloud infrastructure solutions. WHAT'S NEW: Citrix last night lowered its first quarter earnings per share guidance to 63c-65c from its previous outlook of 70c-72c. Analysts' consensus estimate was 72c. Citrix reduced its Q1 revenue view to $755M-$760M from $780M-$790M. Analysts' consensus estimate was $787M. The company said that it had underestimated the impact of its restructuring and changes to its field and channel strategies. Those changes had been made in order to prepare the business for its next phase of growth, Citrix added. Foreign exchange fluctuations and customer buying behavior also impacted the results, the company stated. ANALYST REACTION: In a note to investors earlier today, RBC Capital analyst Matthew Hedberg wrote that the preannouncement could increase investors' focus on potential activism or M&A scenarios. As a result, the stock is unlikely to drop much further, the analyst stated. In an M&A scenario, the stock would be worth $79-$83 per share, estimated Hedberg after analyzing recent sizable transactions involving software companies. However, he warned that the company may need to implement additional restructuring measures in order to obtain the one percentage point of leverage from restructuring that it is seeking. Hedberg trimmed his price target on the shares to $67 from $69 and kept a Sector Perform rating on the shares. WHAT'S NOTABLE: Another firm, William Blair, downgraded Citrix Systems to Market Perform from Outperform after the company preannounced weaker than expected Q1 results. On April 7, Stifel said it viewed Citrix as an "interesting name" for the rest of the year and thinks activist investors could get involved if the company's turnaround does not progress quickly enough. The firm calculated that, using a similar take out multiple to what is being paid for peer Informatica (INFA), equates to a $110 price for Citrix. Earlier that day, Informatica announced it has entered into an agreement to be acquired by a company controlled by the Permira funds and Canada Pension Plan Investment Board, or CPPIB, for approximately $5.3B, or $48.75 per share. PRICE ACTION: In mid-afternoon trading, Citrix fell 2% to $63.35.
10:07 EDTCTXSHigh option volume stocks
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10:00 EDTCTXSOn The Fly: Analyst Downgrade Summary
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09:16 EDTCTXSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Quantum (QTM), up 22.2%. ALSO HIGHER: General Electric (GE), up 6.6% after announcing that it will sell most of GE Capital assets for approximately $26.5B... Horizon Pharma (HZNP), up 3.7% after receiving fast track designation for Actimmune... Tekmira Pharmaceuticals (TKMR), up 2.3% after FDA modifies partial clinical hold on Tekmira TKM-Ebola IND... Netflix (NFLX), up 2.9% after being upgraded to Buy from Neutral at Citigroup... Blackstone Mortgage Trust (BXMT), up 3.6% after acquiring $4.6B loan portfolio from GE Capital. LOWER: Citrix Systems (CTXS), down 5.8% after lowering first quarter guidance... Uniqure (QURE), down 2.4% after 3M share Secondary priced at $29.50... FIS (FIS), down 2.5% after lowering first quarter guidance... Golub Capital (GBDC), down 2.3% after 3.5M share Spot Secondary priced at $17.42.
09:02 EDTCTXSCitrix news may increase focus on activism/M&A scenarios, says RBC Capital
After Citrix lowered its Q1 EPS guidance, RBC Capital thinks the preannouncement could increase investors' focus on potential activism and/or M&A scenarios. As a result, the firm thinks the stock can reach $71-$83. However, it keeps a Sector Perform rating on the shares.
05:46 EDTCTXSCitrix downgraded to Market Perform from Outperform at William Blair
William Blair downgraded Citrix Systems to Market Perform after the company preannounced weaker than expected Q1 results.
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