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Stock Market & Financial Investment News

News Breaks
May 13, 2014
08:28 EDTVMW, NOW, PFPT, PANWSeveral security, infrastructure stocks attractive , says Pacific Crest
Pacific Crest recommends buying shares of ServiceNow (NOW), Palo Alto (PANW), Proofpoint (PFPT, and VMware (VMW). The firm says that the stocks are down more than 25% on average from their recent highs, but their numbers continue to trend higher as their fundamentals remain strong. The firm remains upbeat on the security and infrastructure sector, and keeps Outperform ratings on all the stocks named.
News For NOW;PANW;PFPT;VMW From The Last 14 Days
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September 30, 2014
09:48 EDTPANWPalo Alto to hold a webinar
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September 28, 2014
20:10 EDTVMWEMC buyout rumors could be good for VMware, Barron's says
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September 26, 2014
06:39 EDTPANW, PFPTMost connected devices have security flaw, NY Times says
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September 24, 2014
11:42 EDTVMWMobileiron advances after analyst sees easing competition
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September 23, 2014
10:32 EDTNOWBMC Software files patent suit against ServiceNow
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07:47 EDTPANWPalo Alto has multiple drivers converging, says Morgan Stanley
Morgan Stanley said Palo Alto has multiple growth drivers in place that will drive free cash flow that include sustainable 30% billings growth, increasing sales efficiencies, and slowing capex and reduced litigation expenses. Shares are Overweight rated with a $115 price target.
06:33 EDTVMWHP was primarily interested in EMC's VMware stake, Re/code reports
HP (HPQ) was interested in merging with EMC (EMC) primarily due to the latter company's 80% stake in VMware (VMW), according to Re/code, which cited unnamed sources. The deal discussed between HP and EMC was an all-stock transaction that would have created a combined company worth about $130B, Re/code stated. Reference Link
September 22, 2014
13:02 EDTVMWEMC exploring options ahead of CEO retirement, Bloomberg reports
EMC (EMC) is exploring strategic options ahead of the 2015 retirement of its CEO Joseph Tucci, Bloomberg reports, citing people familiar with the discussions. The options could include a full or partial sale, or a spinoff of VMware (VMW), Bloomberg added, citing sources.
12:50 EDTVMWEMC jumps after reports detail takeover talks
The shares of cloud application provider EMC (EMC) are rising in a down market after Wall Street Journal reported that the company had held talks about selling itself to HP (HPQ) and Dell. WHAT'S NEW: EMC held on-and-off merger talks with HP for almost a year, but those talks have ended, Wall Street Journal reported today. Dell also held talks with EMC about a takeover, the newspaper added. According to a CNBC’s David Faber, the takeover talks between HP and EMC went on for months, but the two sides couldn't agree on a price, as EMC wanted HP to pay a large premium to its stock price. Tiernan Ray of Barron's added today that the takeover talks between the companies could resume, citing a source. WHAT'S NOTABLE: The New York Post reported on September 11 that EMC was considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW). UBS analyst Steven Milunovich responded to The Post's report by writing on the same day that EMC had become a potential takeover target itself. HP, Oracle (ORCL) and Cisco (CSCO) could buy EMC, the analyst wrote. PRICE ACTION: In early afternoon trading, EMC added 1% to $30, while VMware added 1% to $95.
September 18, 2014
12:58 EDTVMWEarnings Preview: Morgan Stanley views Oracle's Q1, Q2 estimates as 'achievable'
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08:14 EDTPFPTProofpoint outlook has improved, says JMP Securities
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