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Stock Market & Financial Investment News

News For NOK;MSFT;T From The Last 14 Days
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October 30, 2014
15:28 EDTMSFTIntersil sees lower sequential computing revenue as PC builds slow
Shares of Intersil (ISIL), which makes analog integrated circuits for the personal computer market, are lower after the company reported Q3 results that missed analysts' expectations. The company also gave Q4 guidance well below the consensus view for both earnings and revenue. On its earnings conference call last night, the company said it sees slowing sequential demand in part due to lower PC builds. Stocks that are leveraged to the PC sector include Intel (INTC), Texas Instruments (TXN), Advanced Micro Devices (AMD) and Microsoft (MSFT). In late day trading, shares of Intersil fell $1.81, or 12.9%, to $12.27.
06:36 EDTMSFTMicrosoft unveils Microsoft Band wearable device
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06:35 EDTMSFTMicrosoft reduces 3K jobs, completes workforce decrease plan, Reuters says
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06:34 EDTMSFTHBO sees opportunity to offer streaming option through Apple TV, Xbox, WSJ says
According to sources, HBO, a unit of Time Warner (TWX), is currently examining methods to offer consumers a standalone streaming video service, including as an add-on to broadband packages or through Apple TV (AAPL), Microsoft's (MSFT) Xbox, Amazon (AMZN) devices, or Roku, reports the Wall Street Journal. Reference Link
October 29, 2014
12:21 EDTMSFTElectronic Arts surges after 'beat and raise' quarterly report
Shares of video game maker Electronic Arts (EA) are surging after the company's second quarter earnings per share and revenue topped analysts' estimates. The company also raised its fiscal year 2015 guidance. WHAT'S NEW: Electronic Arts' Q2 adjusted EPS was 73c, which beat analysts' consensus of 53c. The company's revenue for the quarter was $1.22B, which beat estimates of $1.16B. The video game maker anticipates third quarter EPS to be 90c, which is higher than analysts' 86c consensus. The company expects Q3 revenue of approximately $1.275B, which is slightly lower than analysts' expectations of $1.3B. Electronic Arts raised its FY15 EPS outlook to $2.05 from $1.85, which is higher than analysts' consensus of $1.92 prior to the new outlook. The company raised its FY15 revenue view to $4.175B from $4.1B, which was slightly ahead of the consensus estimate prior to the report. WHAT'S NOTABLE: EA stated that, in the calendar year to date, the company continues to be the number one publisher on Sony's (SNE) PlayStation4 and Xbox One consoles in the Western World, led by FIFA 15, NHL 15, Madden NFL 15, Titanfall, Battlefield 4, and FIFA 14. Electronic Arts noted that "Battlefield: Hardline" will debut on March 17, 2015 in North America and March 19, 2015 in Europe. On July 29, Electronic Arts announced in a post to its corporate blog that the company partnered with Microsoft (MSFT) to deliver EA Access, a new monthly, or annual, membership for gamers exclusively on Xbox One that starts at $4.99 a month. ANALYST REACTION: RW Baird analyst Colin Sebastian feels that digital growth was a notable aspect of Electronic Arts' Q2 earnings results. He said the quarter was driven by the combination of a rise in digital content sales and improved cost controls. Sebastian anticipates the video game maker will continue to improve its operating performance and benefit from solid growth in the future. Sebastian increased his price target on the stock to $45 from $43 and maintained an Outperform rating on the stock. Brean Capital analyst Todd Mitchell believes that Electronic Arts' Q2 earnings results will probably be out-shone by the push-back of its Battlefield 5 game to 2017. Mitchell expects Electronic Arts to sell approximately 4M units of "Battlefield: Hardline" by the end of FY15. He kept a Buy rating on Electronic Arts and raised his price target on the stock to $43 from $40. OTHERS TO WATCH: Electronic Arts peer Activision Blizzard (ATVI) is scheduled to give its Q3 earnings report on November 4. Another competitor, Take-Two (TTWO), is set to release its Q2 earnings numbers later on this afternoon. PRICE ACTION: Near noon, Electronic Arts climbed 3.6% to $38.83. Earlier in the session the stock hit a new 52-week high of $40.34.
07:17 EDTMSFTAmazon hires CIOs to pitch AWS to customers, WSJ reports
As it continues to face increasing competition from IBM (IBM), EMC (EMC) and Microsoft (MSFT), Amazon (AMZN) is hiring chief information officers to pitch its AWS business to customers, according to the Wall Street Journal. Amazon recently hired former Dow Jones CIO Stephen Orban to become head of enterprise strategy at Amazon Web Services, while Douglas Menefee, CIO of Schumacher Group from 2005 to 2013, joined AWS as an enterprise CIO advisor earlier this year. Reference Link
06:26 EDTMSFTMicrosoft cooperates with Intel to offer subsidies for desktops,, DigiTimes says
Microsoft (MSFT) will cooperate with Intel (INTC) to offer subsidies to promote Windows 8.1 with Bing for entry-level desktops and 18.5-inch non-touch-screen all-in-one PCs, reports DigiTimes. According to Taiwan-based supply chain makers, Microsoft is hoping the new solutions will held defend its market share with Google (GOOG) aggressively promoting its Chromebox among vendors. Reference Link
06:07 EDTNOKNokia implied volatility of 29 at lower end of index mean range
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October 28, 2014
14:03 EDTTAT&T releases statement on FTC allegations
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13:10 EDTTAT&T sued by FTC for 'misleading' smartphone customers on data speeds
The Federal Trade Commission filed a federal court complaint against AT&T Mobility, LLC, charging that the company has misled millions of its smartphone customers by charging them for “unlimited” data plans while reducing their data speeds, in some cases by nearly 90%. The FTC’s complaint alleges that the company failed to adequately disclose to its customers on unlimited data plans that, if they reach a certain amount of data use in a given billing cycle, AT&T reduces – or “throttles” – their data speeds to the point that many common mobile phone applications – like web browsing, GPS navigation and watching streaming video – become difficult or nearly impossible to use. According to the FTC’s complaint, AT&T’s marketing materials emphasized the “unlimited” amount of data that would be available to consumers who signed up for its unlimited plans. The complaint alleges that, even as unlimited plan consumers renewed their contracts, the company still failed to inform them of the throttling program. When customers canceled their contracts after being throttled, AT&T charged those customers early termination fees, which typically amount to hundreds of dollars. The FTC alleges that AT&T, despite its unequivocal promises of unlimited data, began throttling data speeds in 2011 for its unlimited data plan customers after they used as little as 2 gigabytes of data in a billing period. According to the complaint, the throttling program has been severe, often resulting in speed reductions of 80%-90% for affected users. Thus far, according to the FTC, AT&T has throttled at least 3.5 million unique customers a total of more than 25 million times.
13:08 EDTTFTC sues AT&T for 'deceptive and unfair data throttling'
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10:34 EDTTAT&T management to meet with Oppenheimer
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October 27, 2014
14:14 EDTMSFTMicrosoft offering free, unlimited cloud storage to Office 365 subscribers
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13:24 EDTMSFTMicrosoft to cut Xbox price
Microsoft is cutting the price of its Xbox One in the U.S. by $50, starting on November 2, the company stated in a blog. The promotion will only last for a limited time, the tech giant added. Sony (SNE) and Nintendo (NTDOY) also sell video game consoles. Reference Link
12:41 EDTMSFTMicrosoft developing software to run on ARM based servers, Bloomberg reports
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10:56 EDTMSFTMicrosoft upgraded earlier to Long-Term Buy from Neutral at Hilliard Lyons
Price target is $52.
07:47 EDTMSFTWidePoint engaged in two pilot programs using SPYRUS WorkSafe Pro Microsoft
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06:20 EDTTAT&T to lock Apple's SIM cards to its network on new iPads, WSJ reports
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October 24, 2014
16:54 EDTMSFT, TMarket ends week higher as Apple leads list of earnings winners
Stocks ended the week higher as stronger than expected economic data and upbeat results from a number of companies lifted shares. MACRO NEWS: In the U.S., existing home sales for September and leading economic indicators for the month beat expectations, while weekly jobless claims were roughly in-line with expectations. Markit's “flash” manufacturing Purchasing Managers' Index for October came in at 56.2, versus the consensus forecast for a 57.0 reading... China reported that its GDP rose 7.3% in Q3, above the 7.2% growth expected by economists. HSBC's flash PMI inched up to 50.4 from a final reading of 50.2 in September, beating the consensus forecast for a 50.3 reading. The Asian country said that its industrial production jumped 8% versus the year earlier, easily beating the anticipated 7.5% increase... A euro zone purchasing managers' index increased to 52.2 in October from 52 in September. Most analysts had expected the index to decline modestly. COMPANY NEWS: Apple (AAPL), Microsoft (MSFT), Harley-Davidson (HOG), Yahoo (YHOO), Caterpillar (CAT), diversified manufacturer 3M (MMM) and chip maker Broadcom (BRCM) were among the companies that reported higher than expected profits. Conversely, the bottom lines of IBM (IBM), McDonald's (MCD), Verizon (VZ), AT&T (T), and Angie's List (ANGI) missed expectations... Shares of Amazon (AMZN) fell after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its quarterly report, while a number of others cut their price targets on the shares... Boeing (BA) reported stronger than expected results and raised its full year core EPS guidance, but its stock fell as the airplane maker reduced its full year operating cash flow guidance... Pandora's (P) shares tumbled after the company's Q3 results beat expectations, but its total listener hours declined in Q3 versus Q2... Shares of drug maker Biogen Idec (BIIB) fell after the Q3 sales of its flagship multiple sclerosis treatment, Tecfidera, came in below expectations. Additionally, Biogen reported that one of the patients taking the drug had died after contracting a disease previously linked to MS treatments... BlackBerry (BBRY) rallied following renewed rumors that Chinese computer maker Lenovo (LNVGY) is looking to buy the smartphone maker... At home soda machine maker SodaStream (SODA) rallied after the company said that it would test making some of PepsiCo's (PEP) brands available on its machines. INDEXES: For the week, the Dow gained 2.58% to close at 16,805.41, the S&P 500 rose 4.12% to close at 1,964.58, and the Nasdaq advanced about 5.28% to close at 4,483.71.
12:38 EDTTFCC delays incentive auction until early 2016
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10:27 EDTTAT&T completes sale of Connecticut wireline operations to Frontier Communications
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09:36 EDTMSFTActive equity options trading on open
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09:18 EDTMSFTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Microsoft (MSFT), up 4.3%... KLA-Tencor (KLAC), up 8.8%... Rubicon Project (RUBI), up 17.8%... Gigamon (GIMO), up 16%. ALSO HIGHER: Procter & Gamble (PG), up 2.7% after earning report, announcing plans to exit Duracell business by creating a stand-alone Duracell company... Vitae Pharmaceuticals (VTAE), up 40% following its report of top-line results from two Phase 1 clinical trials... Digital River (DRIV), up 47% after agreeing to be acquired by investor group for $26.00 per share. LOWER: Amazon (AMZN), down 9.3%, downgraded at Cowen and Janney Capital following the company's Q3 report... DryShips (DRYS), down 26% after filing an automatic common stock shelf... NPS Pharmaceuticals (NPSP), down 4.4% following PDUFA date for Natpara extended three months to January 24... Abercrombie & Fitch (ANF), down 4% after downgraded at Goldman and BMO Capital. DOWN AFTER EARNINGS: Pandora (P), down 7%... Synaptics (SYNA), down 9.9%... Flowserve (FLS), down 5%... New Oriental Education (EDU), down 4%.
08:19 EDTMSFTMicrosoft price target raised to $55 from $50 at Credit Suisse
Credit Suisse said Outperform rated Microsoft reported strong hardware revenue outperformance combined with cost controls and cloud businesses momentum. The firm raised its price target to $55 and believes the company can return to double-digit EPS growth and has multiple options to unlock shareholder value.
07:52 EDTMSFTMicrosoft shares can grind higher, says UBS
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07:50 EDTNOK, MSFTNokia exec says social channels to be called Microsoft Lumia
Nokia's (NOK) senior vice president for phones at Microsoft (MSFT) Tuula Rytila said, "When we announced that the Nokia Devices & Services business would become part of Microsoft, we also shared that Lumia, our smartphone brand, would become part of the Microsoft (MSFT) family. Since then, we have naturally been making the change from Nokia to Microsoft in our websites, packaging and other consumer touch points. In the coming weeks and months, you’ll start seeing even more brand experience come to life across different channels as we transition from Nokia Lumia to Microsoft Lumia." The exec said that Microsoft will continue to sell its Nokia-branded entry-level category of phones. Reference Link
October 23, 2014
18:52 EDTMSFTOn The Fly: After Hours Movers
UP AFTER EARNINGS: Rubicon Project (RUBI), up 19.2%... KLA-Tencor (KLAC), up 15.8%... Gigamon (GIMO), up 13.5%... Maxwell (MXWL), up 11.3%... Qlik Technologies (QLIK), up 9.8%... NetSuite (N), up 5.5%... Microsoft (MSFT), up 3.3%... Juniper Networks (JNPR), reverses in after-hours trading and is up 1.4% after reporting third quarter results and announcing a $1.1B increase to the company's share repurchase authorization. ALSO HIGHER: Vitae Pharmaceuticals (VTAE), up 38.6% following positive top-line results from two Phase 1 clinical trials of BI1181181/VTP-37948... Pfizer (PFE), up 1.8% after announcing a new $11B share repurchase program. DOWN AFTER EARNINGS: Amazon.com (AMZN), down 10.7%... Synaptics(SYNA), down 12.7%... Pandora (P), down 6.8%... Lattice Semiconductor (LSCC), down 5.6%... Maxim Integrated (MXIM), down 5.8%. ALSO LOWER: DryShips (DRYS), down 16.5% after filing an automatic common stock shelf... NPS Pharmaceuticals (NPSP), down 7.9% following PDUFA date for Natpara extended three months to January 24... GoPro (GPRO), down 2.8% after being initiated with an Underperform at Oppenheimer.
18:18 EDTMSFTMicrosoft backs FY15 OpEx view of $34.2B-$34.6B
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18:13 EDTMSFTMicrosoft sees $300M positive impact to Q2 revenue
Sees Q2 licensing revenue $4B-$4.2B; computers and gaming revenue $3.5B-$3.8B; phone hardware revenue $2B-$2.2B; device and consumer other revenue $2.3B-$2.4B; commercial licensing revenue $10.8-$11B; commercial other revenue $2.5B-$2.6B. Sees Q2 COG $9.5B-$9.9B. Sees Q2 Operating expenses $8.6B-$8.8B. Sees quarter-over-quarter decline in non-commercial segment. The company sees Q2 fundamental strength in commercial segment. Comments provided during Q1 earnings conference call.
16:49 EDTTOn The Fly: Closing Wrap
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16:41 EDTMSFTMicrosoft up 4% after Q1 tops estimates on top, bottom line
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16:08 EDTMSFTMicrosoft reports Q1 Commercial revenue grew 10% to $12.28B
Server products and services revenue increased 13%, with double-digit growth for SQL Server, System Center and Windows Server. Office Commercial products and services revenue grew 5% as customers transition to Office 365. Commercial cloud revenue grew 128% driven by Office 365, Azure and Dynamics CRM. Lync, SharePoint and Exchange, our productivity server offerings, collectively grew double-digits. Windows volume licensing revenue increased 10%.
16:08 EDTMSFTMicrosoft reports Q1 Devices and Consumer revenue grew 47% to $10.96B
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16:06 EDTMSFTMicrosoft Q1 results include 11c negative impact from restructuring
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16:05 EDTMSFTMicrosoft reports Q1 EPS 54c, consensus 49c
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15:30 EDTMSFTNotable companies reporting after market close
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14:34 EDTMSFTMicrosoft October weekly 45.5 straddle priced for 3.7% move into Q1
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14:31 EDTMSFTEarnings Preview: Microsoft reports after Windows 10 arrives, Ballmer exits
Microsoft (MSFT) is scheduled to report its first quarter of fiscal year 2015 results after the market close on Thursday, October 23, 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 hardware including the Xbox entertainment system, the Surface tablet and Windows smartphones. EXPECTATIONS: Analysts are looking for earnings per share of 49c on revenue of $22.02B, according to First Call. The consensus range for EPS is 40c-59c on revenue of $21.53B-$22.82B. On its last earnings call, Microsoft said it sees Q1 licensing revenue of $4.1B-$4.2B, Computing and Gaming revenue of $1.7B-$2B, Phone and Hardware revenue of $1.9B-$2.3B, D&C other revenue of $1.8B-$1.9B, Commercial segment 2 sectors revenue of $12B-$12.2B and Commercial other revenue of $2.2B-2.3B. Microsoft noted that it expects its Q1 unearned revenue to grow in-line with normal seasonality. LAST QUARTER: On July 22, Microsoft reported fourth quarter EPS of 55c, missing the consensus analyst forecast of 60c. It's revenue came in at $23.38B, topping the consensus estimate of $23B. Microsoft reported that its Q4 devices and consumer revenue grew 42% to $10B, commercial revenue rose 11% to $13.48B, that Windows volume licensing revenue grew 11% and that Server products revenue, including Azure, grew 16%. The acquired Phone Hardware business contributed $1.99B to current year revenue, Microsoft added. NEWS: On August 1, Microsoft announced in a blog post that it had filed legal action against Samsung (SSNLF) in a U.S. District Court to enforce the companies' 2011 cross-licensing contract. Microsoft alleged Samsung decided late last year to stop complying with its agreement, claiming that in September 2013, after Microsoft announced it was acquiring the Nokia (NOK) devices and services business, Samsung began using the acquisition as an excuse to breach its contract. On August 19, Microsoft's former CEO Steve Ballmer announced his intention to step down immediately from the company's board. Ballmer wrote, "Given my confidence and the multitude of new commitments I am taking on now, I think it would be impractical for me to continue to serve on the board, and it is best for me to move off... I hold more Microsoft shares than anyone other than index funds and love the mix of profits, investments and dividends returned in our stock. I expect to continue holding that position for the foreseeable future." In September, Microsoft agreed to acquire Mojang, the developer of Minecraft, for $2.5B. Microsoft said then that it expects the acquisition to be break-even in FY15 on a GAAP basis. The next day, Microsoft increased its dividend by 3c, or 11%, to 31c per share. At the end of last month, Microsoft unveiled its next Windows operating system, Windows 10, and gave a first look at an early technical preview for the PC available Oct. 1. The familiar Start menu is back, and apps from the Windows Store now open in the same format that desktop programs do, the company reported. Terry Myerson, EVP of the Operating Systems group at Microsoft, said, "This will be our most comprehensive operating system and the best release Microsoft has ever done for our business customers, and we look forward to working together with our broader Windows community to bring Windows 10 to life in the months ahead." STREET RESEARCH: On the day after the company's last quarterly report, Pacific Crest upgraded Microsoft to Outperform from Sector Perform, citing its progress in the cloud and lower risks from its Nokia deal. Pacific Crest placed a $54 price target on the stock. On the day after Steve Ballmer stepped down from Microsoft's board, FBR Capital said it viewed that development as a positive that left the company with a "clean sheet of paper." The firm believes the "Ballmer overhang" was removed and it kept an Outperform rating and $51 price target on Microsoft shares. On the day after the company's Windows 10 launch event, analyst at Cowen said they believed Microsoft struck the right balance of new features and traditional feel by returning to a Win7-style interface and bringing back the Start menu but retaining some of Win8's visual flare and touch features. Pricing was not mentioned at the company's event, but Cowen said it does not expect any significant changes and does not "for one moment believe" that Windows 10 will be a free upgrade for Win8 users on larger screens. The firm maintained its Market Perform rating on Microsoft. Most recently, Bernstein said it believes that Microsoft's cloud business continues to grow, and it expects adoption of the company's cloud products to accelerate this quarter. The firm reiterated a $56 price target and Outperform rating on the stock. PRICE ACTION: Since the day after its last report, Microsoft shares are fractionally higher. In afternoon trading ahead of tonight's report, Microsoft is up 2.35% to $45.42 per share.
12:20 EDTTOn The Fly: Midday Wrap
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11:21 EDTMSFTMicrosoft technical notes before earnings, levels to watch
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09:50 EDTTAT&T falls after results, guidance, levels to watch
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09:32 EDTTAT&T downgraded to Neutral from Buy at Hilliard Lyons
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09:04 EDTNOKOn The Fly: Pre-market Movers
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06:47 EDTNOK, MSFTMicrosoft aims to ditch Nokia title from Lumia devices, Reuters says
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06:40 EDTMSFTMicrosoft killing Xbox Music free streaming feature
Effective December 1, Microsoft says that the free Xbox Music streaming feature currently available on Windows 8, Windows 8.1, and over the Internet will be discontinued in all countries where it is offered. The company explains, "We are focusing Xbox Music to deliver the ultimate music purchase and subscription service experience for our customers." Reference Link
06:05 EDTNOKApple defeats GPNE civil patent suit, Re/code reports
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05:54 EDTTStocks with implied volatility movement; T XOP
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05:19 EDTNOKNokia reports Q3 Non-IFRS EPS EUR 0.09 vs. EUR 0.06 last year
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October 22, 2014
18:34 EDTTOn The Fly: After Hours Movers
UP AFTER EARNINGS: Select Comfort (SCSS), up 13.1% after reporting third quarter results and increasing share repurchase authorization to $250M... Infinera (INFN), up 9.8%... Tractor Supply (TSCO), up 11.8%... Acacia Research (ACTG), up 7.7%... Marketo (MKTO), up 4.5%... O'Reilly Automotive (ORLY), up 3.9%... Fortinet (FTNT), up 1.5%... Mellanox (MLNX), up 2.9%... ServiceNow (NOW), up just under 1%. ALSO HIGHER: CarMax (KMX), up 1% after announcing a $2B increase to its share repurchase program. DOWN AFTER EARNINGS: Air Methods (AIRM), down 19.8% following preliminary third quarter results... Yelp (YELP), down 13.6%... Core Laboratories (CLB), down 7.9%... Varian Medical (VAR), down 4.9% after reporting fourth quarter results... Open Text (OTEX), down 3.9%... Citrix (CTXS), down 5.7%... Cheesecake Factory (CAKE), down 4.5%... Allied World (AWH), down 4.7%... Lam Research (LRCX), down 3.3%... Skechers (SKX), down just under 1% after reporting third quarter results above analyst estimates... AT&T (T), down 1.5%. ALSO LOWER: DIRECTV (DTV), down just under 1% following AT&T third quarter results... Alcobra (ADHD), down 16% following results of MDX study... WidePoint (WYY), down 8.1% after filing an automatic common stock shelf... New Mountain Finance (NMFC), down 4.4% after filing to sell 5M shares of common stock.
16:44 EDTTAT&T reports Q3 free cash flow $3.5B
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16:42 EDTTAT&T reports Q3 net increase in total wireless subscribers of 2M
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16:38 EDTTAT&T reports Q3 solid wireline consumer revenue growth 3% vs. year ago period
Reports Q3: Total U-verse revenues, including business, up 23.8% year over year; U-verse now a $15B annualized revenue stream. 601,000 U-verse high speed Internet subscriber net adds, including 44,000 business customers; more than 12M total U-verse high speed Internet subscribers. 216,000 U-verse TV subscribers added; more than 6M total U-verse video subscribers. Strategic business services revenue growth of 14.3% year over year, to reach an annualized revenue stream of almost $10B.
16:08 EDTTAT&T down over 3% following Q3 results, guidance
16:06 EDTTAT&T lowers FY14 revenue growth view to 3%-4% from 5% range, consensus $133.08B
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16:04 EDTTAT&T reports Q3 cash from operations $8.7B
16:04 EDTTAT&T reports Q3 postpaid net adds 785,000
Reports Q3: Postpaid net adds of 785,000, more than double the year-ago quarter; more than 2.4M postpaid net adds year to date. Best-ever third-quarter postpaid churn of 0.99%. Wireless revenues up 4.9% versus the year-ago quarter. Wireless data billings up nearly 24% versus the year-earlier quarter. Wireless operating income margin of 24.6%, with adjusted EBITDA service margin of 43.1%. Nearly 1.2M new postpaid smartphones added; smartphones accounted for 91% of postpaid phone sales. Nearly 47M connections on AT&T Mobile Share which represented about 62% of postpaid subscribers; more than half of Mobile Share accounts are on data plans of 10 gigabytes or higher. Best-ever third-quarter 6.8M postpaid smartphone gross adds and upgrades; 3.4M of all smartphone gross adds and upgrades on AT&T Next with no device subsidy.
16:01 EDTTAT&T reports Q3 adjusted EPS 63c, consensus 64c
Reports Q3 revenue $33B, consensus $33.24B.
15:30 EDTTNotable companies reporting after market close
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11:25 EDTMSFTCisco sale of VCE stake to have limited impact, says Wells Fargo
Wells Fargo thinks Cisco's (CSCO) decision to sell a portion of its stake in VCE is unlikely to have a material near-to-intermediate-term impact on the company's top line since it will continue to sell its networking and compute solutions to the joint venture. Wells says Cisco's "budding" partnerships with NetApp (NTAP), Microsoft (MSFT) and Citrix (CTXS) should more than offset any potential impacts from lessening ties to EMC (EMC) and VMware (VMW).
11:12 EDTTFCC stops 'informal clock' for review of AT&T, Comcast proposed deals
Federal Communications Commission disclosed in a notice on its website that a number of commenters filed a motion for an extension of time to file replies in Docket 14-57, which is the review of the application of Comcast (CMCSA) for approval of its proposed acquisition of Time Warner Cable (TWC). Among other points, the commenters argue that certain third-party programmers “do not want any of the interested parties’ outside counsel or experts to view [their programming contracts],” the FCC noted. "We agree with these commenters that their current inability to review Highly Confidential Information that has been submitted in these dockets significantly hampers their ability to meaningfully comment and participate in these proceedings, in both Docket 14-57 and Docket 14-90. Accordingly, we are suspending the pleading cycles and stopping our 180-day informal time clock in both dockets," the FCC stated. Docket 14-90 refers to AT&T's (T) proposed purchase of DIRECTV (DTV). Reference Link
10:03 EDTMSFTThe Linley Group to hold a conference
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09:07 EDTMSFTIBM and Microsoft partner for hybrid cloud services
IBM (IBM) and Microsoft (MSFT) are working to provide their respective enterprise software on Microsoft Azure and IBM Cloud. IBM and Microsoft will make key IBM middleware such as WebSphere Liberty, MQ, and DB2 available on Microsoft Azure. Windows Server and SQL Server will be offered on IBM Cloud. IBM and Microsoft are working together to deliver a Microsoft .NET runtime for IBM's Bluemix cloud development platform. The companies will enable customers to bring their own software licenses to the IBM and Microsoft clouds.
08:22 EDTMSFTMicrosoft October weekly volatility elevated into Q1 and outlook
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06:39 EDTMSFT, NOKMicrosoft Lumia to replace Nokia brand, The Verge reports
Microsoft plans to make Microsoft Lumia the new brand name that takes the place of Nokia for the software maker, reports The Verge. Nokia still exists as a separate company without its phones business, focusing on mapping and network infrastructure. Reference Link
October 21, 2014
13:09 EDTTEarnings Preview: AT&T to benefit from strong iPhone 6 demand, Wells Fargo says
AT&T (T) is expected to report third quarter earnings after the market close on Wednesday, October 22, with a conference call scheduled for 4:30 pm ET. AT&T is a global telecommunications company offering wireless and long distance services. EXPECTATIONS: Analysts are looking for earnings per share of 64c on revenue of $33.24B, according to First Call. The consensus range for EPS is 59c-66c on revenue of $31.77B-$34.34B. LAST QUARTER: AT&T reported second quarter EPS of 62c against estimates for 63c on revenue of $32.6B against estimates for $33.22B. On its Q2 earnings report, the company forecast FY14 EPS growth at the low end of a mid-single digit range, compared to consensus of $2.62. It sees: FY14 consolidated revenue growth in the 5% range, versus consensus $133.93B; FY14 free cash flow in the $11B range; FY14 capital expenditures remaining in the $21B range. In Q2, AT&T reported the following: total branded smartphone net adds, both postpaid and prepaid, of 576,000; total branded tablet net adds of 250,000; 366,000 postpaid tablet net adds; postpaid churn of 0.86%. On September 25, DirecTV (DTV) stockholders voted overwhelmingly to approve DIRECTV’s proposed merger with AT&T. STREET RESEARCH: Street research has been light in the weeks leading up to AT&T's Q3 earnings report. On September 15, Wells Fargo said AT&T should particularly benefit from strong Apple (AAPL) iPhone 6 demand. After Apple reported that over 4M iPhone 6 units were pre-ordered in the first 24 hours of eligibility, Wells Fargo said that it believed strong demand for the phones will be positive for all of the wireless carriers, but particularly for AT&T because of its strategic decision to focus on its early upgrade "Next!" program. The firm maintained its Outperform rating on AT&T. PRICE ACTION: AT&T’s shares have fallen approximately 4% since the company's Q2 report, but they did manage to make a 52-week high of $37.48 in late July. In afternoon trading ahead of tomorrow’s Q3 report, AT&T’s shares are up 0.5%.
07:45 EDTMSFTMicrosoft CEO touts cloud revenue run-rate over $4B, BI reports
At a press event yesterday, Microsoft (MSFT) CEO Satya Nadella provided a number of figures about the strong performance of the company's Azure cloud business, including a revenue run rate of nearly $4.4B and that Azure is adding 10,000 new customers every week to its 350M active directory user base, reported Business Insider, which noted that Amazon Web Services (AMZN) is estimated to have roughly $4B in annual sales and that Salesforce.com (CRM) had a little over $4B in revenues last year. Reference Link
October 20, 2014
15:20 EDTMSFTMicrosoft confirms availability of Cloud Platform System, powered by Dell
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12:09 EDTMSFTIBM hits 52 week low after earnings miss, 2015 profit target dropped
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08:00 EDTMSFTRBC Capital remains positive on Microsoft
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07:15 EDTTAT&T weekly volatility elevated into Q3 and outlook
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07:06 EDTMSFTNICE Systems solution qualified to support Microsoft Lync
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October 19, 2014
20:41 EDTMSFTMicrosoft plans smartwatch launch within weeks, Forbes says
Microsoft (MSFT) is planning a smart watch launch within the next few weeks, Forbes says.The smart watch will passively keep track of the wearer’s heart rate and work across different mobile platforms, added Forbes. Apple (AAPL) has delayed its own smartwatch launch to early 2015 according to the report. Reference Link
October 17, 2014
11:27 EDTMSFTMicrosoft October weekly volatility elevated into Q1 and outlook
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06:30 EDTMSFTNPD: Sony PlayStation4 outsells XBox One in September, GameSpot reports
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06:26 EDTMSFTSony says PS4 September's top-selling console
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October 16, 2014
08:29 EDTTAT&T sees 359K customers seek refunds for 'cramming' charges, Time reports
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06:00 EDTMSFTMicrosoft says working with YouTube to reinstate content inadvertently removed
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