New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
October 10, 2012
10:29 EDTHPQ, FFIV, IBM, NTAP, AVTNetApp, 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.
News For NTAP;FFIV;AVT;IBM;HPQ From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
December 17, 2014
06:20 EDTHPQHP price target raised to $46 from $40 at Citigroup
Subscribe for More Information
December 16, 2014
11:31 EDTIBMRackspace looks to reduce reliance on Intel chips, Bloomberg says
Rackspace Hosting (RAX), which has been testing server computers based on IBM (IBM) Power chip designs, is looking to reduce its reliance on Intel (INTC) chips as it shifting to some server computers based on modified International Business Machine processors, says Bloomberg. Reference Link
09:03 EDTIBMBernstein U.S. IT hardware analyst holds an analyst/industry conference call
U.S. IT Hardware Analyst Sacconaghi discusses the key drivers of IBM's financial model and provides an analyst's perspective on the stock on an Analyst/Industry conference call to be held on December 19 at 11 am.
December 15, 2014
11:31 EDTHPQHP, NYC Comptroller reach $10.6M settlement to resolve ECTP dispute
Subscribe for More Information
10:05 EDTHPQHP participates in a conference call with Oppenheimer
Oppenheimer hosts Antonio Neri, Senior Vice President & General Manager-Enterprise Group, who discusses HP convergence, servers and networking on a conference call to be held on December 15 at 11 am.
05:55 EDTIBMStocks with implied volatility movement; IBM XOM
Subscribe for More Information
December 14, 2014
17:21 EDTFFIVNasdaq announces annual re-ranking of the NASDAQ-100
The NASDAQ OMX Group (NDAQ) announced the results of the annual re-ranking of the NASDAQ-100 (NDX), which will become effective prior to market open on Monday, December 22. The following three companies will be added to the Index: American Airlines Group (AAL), Electronic Arts (EA) and Lam Research (LRCX). As a result of the revision in the index methodology allowing multiple share classes of index participants to be included in the index, the following three securities will also be added to the index: Comcast Corporation Class A Special (CMCSK), Twenty-First Century Fox Class B (FOX) and Liberty Global plc Class C (LBTYK). As a result of the re-ranking, the following three companies will be removed from the Index: Expedia (EXPE), F5 Networks (FFIV) and Maxim Integrated Products (MXIM).
December 12, 2014
09:08 EDTIBMHatch to look to push tech worker bill, Reuters reports
Subscribe for More Information
07:12 EDTHPQHP reinstated with a Buy at BofA/Merrill
Target $47.
December 11, 2014
08:01 EDTAVTAvnet management meetings increase conviction, says Brean Capital
Subscribe for More Information
December 10, 2014
10:00 EDTNTAPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 3D Systems (DDD) initiated with an Underperform at Longbow... AutoZone (AZO) initiated with a Buy at Nomura... C.H. Robinson (CHRW) initiated with a Neutral at Nomura... CSX (CSX) initiated with a Buy at Nomura... CVS Health (CVS) initiated with a Neutral at Citigroup... Canadian National (CNI) initiated with a Neutral at Nomura... Carrizo Oil & Gas (CRZO) initiated with a Buy at Canaccord... CenterPoint Energy (CNP) initiated with a Neutral at Nomura... Con-way (CNW) initiated with a Neutral at Nomura... Cornerstone OnDemand (CSOD) initiated with a Buy at BofA/Merrill... Depomed (DEPO) initiated with an Outperform at RBC Capital... Dollar General (DG) initiated with a Buy at Citigroup... Dollar Tree (DLTR) initiated with a Neutral at Citigroup... Dynagas LNG (DLNG) initiated with a Buy at ABN Amro... EMC (EMC) initiated with a Neutral at JPMorgan... Energy Focus (EFOI) initiated with a Buy at Roth Capital... Expeditors (EXPD) initiated with a Neutral at Nomura... GasLog (GLOG) initiated with a Buy at ABN Amro... Genesee & Wyoming (GWR) initiated with a Neutral at Nomura... Golar LNG (GLNG) initiated with a Sell at ABN Amro... HII Technologies (HIIT) initiated with a Buy at Roth Capital... Hudbay Minerals (HBM) initiated with an Overweight at Barclays... J.B. Hunt (JBHT) initiated with a Buy at Nomura... Kansas City Southern (KSU) initiated with a Buy at Nomura... Kroger (KR) initiated with a Buy at Citigroup... Lear (LEA) initiated with a Buy at Northcoast... Lundin Mining (LUNMF) initiated with an Overweight at Barclays... NetApp (NTAP) initiated with a Neutral at JPMorgan... Norfolk Southern (NSC) initiated with a Neutral at Nomura... PROS (PRO) initiated with an Outperform at Pacific Crest... Qlik Technologies (QLIK)initiated with a Buy at BofA/Merrill... Rentokil (RTOKY) initiated with a Neutral at UBS... Revolution Lighting (RVLT) initiated with a Buy at Roth Capital... ServiceNow (NOW) initiated with a Buy at BofA/Merrill... Stratasys (SSYS) initiated with a Neutral at Longbow... Suburban Propane (SPH) initiated with a Hold at Stifel... Tableau (DATA) initiated with a Buy at BofA/Merrill... Teekay LNG (TGP) initiated with a Buy at ABN Amro... Tessera (TSRA) initiated with a Buy at Sidoti... Union Pacific (UNP) initiated with a Buy at Nomura... Viper Energy (VNOM) initiated with a Buy at Stifel... Visteon (VC) initiated with a Buy at Northcoast... Walgreen (WAG) initiated with a Buy at Citigroup... Werner (WERN) initiated with a Neutral at Nomura.
08:36 EDTIBMApple, IBM deliver first wave of IBM MobileFirst for iOS apps
Apple (AAPL) and IBM (IBM) have delivered the first wave of IBM MobileFirst for iOS solutions in a new class of made-for-business apps and supporting cloud services that bring IBM’s big data and analytics capabilities to iPhone and iPad users in the enterprise. IBM MobileFirst for iOS solutions are now available to enterprise customers in banking, retail, insurance, financial services, telecommunications and for governments and airlines, thanks to an unprecedented collaboration between Apple and IBM. IBM clients today announcing support for IBM MobileFirst for iOS solutions include: Citi, Air Canada, Sprint and Banorte.
08:25 EDTHPQHP capital return potential makes valuation attractive, says Brean Capital
Subscribe for More Information
08:16 EDTIBM, FFIVBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link
08:12 EDTFFIVIT security outlook remains positive, says Pacific Crest
Subscribe for More Information
07:39 EDTNTAPBMO Capital to hold a conference
Subscribe for More Information
06:36 EDTNTAPNetApp initiated with a Neutral at JPMorgan
JPMorgan sees a lack of catalysts for storage earnings in 2015 and views the valuations of both NetApp (NTAP) and (EMC) as full at current levels. The firm started shares of both companies with Neutral ratings. It has a $43.50 price target for NetApp shares.
December 8, 2014
07:32 EDTNTAPRaymond James to hold a conference
Subscribe for More Information
07:28 EDTHPQ, NTAPFBN Securities to hold a bus tour
Subscribe for More Information
December 7, 2014
15:53 EDTHPQHP shares could gain 15%, Barron's says
HP shares could gain 15% to $45.00 per share as the company splits its enterprise business from PCs and printer business, by next October, Barron's argues in a follow up article. Reference Link
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use