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| October 10, 2012 |
| 10:29 EDT |  | NTAP, FFIV, AVT, IBM, HPQ | NetApp, F5 fall after Avnet issues profit warning
Avnet (AVT), which distributes various technology components and products, is dropping after the company reported earlier today that its first quarter earnings per share and revenue would be significantly below analysts' consensus estimates. The company blamed several factors for the shortfall, including better than expected sales in Asia where its profit margins are relatively low, and weaker sales in Western regions where its profit margins are higher. Sales at Avnet's Technology Solutions unit also came in below expectations, the company added. In a note earlier today to investors, research firm Oppenheimer wrote that NetApp's (NTAP) shares could be negatively affected by Avnet's weaker than expected results, as Avnet accounted for about 14% of NetApp's revenue from May-July, Oppenheimer reported. Another key Avnet partner is F5 (FFIV), as Avnet is the largest distributor of F5 products and accounts for 15%-20% of F5's revenue, the firm wrote. Oppenheimer believes that most of the weakness in Avnet's Technology Solutions unit was caused by weak server sales. As a result, the firm thinks that Avnet's weakness could bode badly for IBM (IBM) and HP (HPQ), which are both among the top buyers of Avnet's server solutions, according to the firm. In mid-morning trading, Avnet dropped 5.95% to $26.87, NetApp (NTAP) lost 2.27% to $29.52, F5 dropped 2.62% to $99.41, IBM (IBM) inched down 0.22% to $207.53, and HP gave back 0.21% to $14.34. |
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News For NTAP;FFIV;AVT;IBM;HPQ From The Last 14 Days Check below for free stories on NTAP;FFIV;AVT;IBM;HPQ the last two weeks. |
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| May 24, 2013 |
| 16:00 EDT |  | HPQ | Options Update; May 24, 2013
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| 14:07 EDT |  | HPQ | Market poised to end week lower following Fed, China data
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| 11:58 EDT | | HPQ | Options with decreasing implied volatility: ARNA ANF QIHU HPQ
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| 08:11 EDT | | HPQ | Hewlett-Packard names Jim Murrin treasurer
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| May 23, 2013 |
| 16:23 EDT | | HPQ | On The Fly: Closing Wrap
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| 16:00 EDT | | HPQ | Options Update; May 23, 2013
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| 14:30 EDT | | IBM | IBM sees Q2 EPS growth 8%
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| 14:27 EDT | | IBM | IBM sees double digit EPS growth in Q4
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| 14:13 EDT |  | IBM | IBM comes off lows after reiterating guidance
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| 14:05 EDT |  | IBM | IBM reiterates FY13 EPS view of at least $16.70, consensus $16.67
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| 12:38 EDT | | HPQ | On The Fly: Midday Wrap
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| 10:11 EDT | | HPQ | Hewlett-Packard gaps up and rises sharply after results
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| 10:08 EDT |  | HPQ | On The Fly: Analyst Upgrade Summary
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| 09:37 EDT | | HPQ | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL NFLX GOOG HPQ |
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| 09:21 EDT | | HPQ | HP must diversify product options, Meg Whitman says
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| 09:21 EDT | | HPQ | Hewlett-Packard CEO: Still believe keeping HP together is 'right thing to do'
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| 09:11 EDT |  | HPQ | Hewlett-Packard had a solid quarter but remain cautious, says Goldman
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| 09:00 EDT | | HPQ | Hewlett-Packard rises 10.6%
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| 07:54 EDT | | HPQ | Hewlett-Packard strength a selling opportunity, says Topeka
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| 07:17 EDT | | HPQ | Hewlett-Packard guidance looks conservative, says Bernstein
After HP reported lower than expected Q2 revenue but higher than expected EPS, Bernstein thinks the company's EPS guidance looks conservative. The firm expects the company to either improve its business or break itself up. It keeps an Outperform rating on the shares. |
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