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Stock Market & Financial Investment News

News Breaks
October 10, 2012
10:29 EDTAVT, HPQ, FFIV, IBM, NTAPNetApp, 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
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August 19, 2015
12:53 EDTNTAPEarnings Watch: Analysts mostly bearish on NetApp ahead of Q1 earnings
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07:02 EDTHPQHewlett-Packard August volatility elevated into Q3 and outlook
Hewlett-Packard August call option implied volatility is at 86, September is at 38, January is at 29; compared to its 52-week range of 16 to 37 , suggesting large near term price movement into the expected release of Q3 results on August 20.
05:57 EDTHPQ HP implied volatility of 37 at upper end of index
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August 18, 2015
13:36 EDTNTAPNetApp August volatility elevated into Q1 and outlook
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August 17, 2015
14:27 EDTFFIVIRS says cyber attack larger than originally thought, AP says
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10:09 EDTNTAPOn The Fly: Analyst Downgrade Summary
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09:14 EDTHPQHP Q3 results have modest expectations at UBS
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07:56 EDTHPQHP Q3 results have modest expectations at UBS
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07:39 EDTIBMTMC to hold a conference
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06:52 EDTHPQHewlett-Packard August volatility elevated into Q3 and outlook
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06:04 EDTNTAPNetApp downgraded to Sell from Hold at Summit Research
Summit Research analyst Srini Nandury downgraded NetApp (NTAP) to Sell saying dynamics in the storage industry as well as the company's Cluster ONTAP product transition will make revenue growth "elusive in the near-term." Weaker storage spending and continued problems with getting customers to upgrade to Cluster ONTAP could drive consensus estimates lower from current levels, Nandury tells investors in a research note. Further, the analyst believes NetApp continues to lose high sales performers to competitors such as Nimble Storage (NMBL), Pure Storage, Tegile and Tintri. He expects the company's FY16 revenue to decline 6% on top of the 3% decline in FY15, with only modest growth in FY17. Nandury cut his price target for NetApp shares to $28 from $32. The stock closed Friday up 13c to $30.75.
August 16, 2015
13:59 EDTIBMIBM product development strategy leaves cause for concern, Barron's says
IBM's hefty dividend and buyback programs have expended upward of 80% of operating cash flow in the past three years, and the company's "thin" R&D investments should give investors a "reason to be concerned," Barron's contends in its 'Technology Trader' column. Reference Link
August 14, 2015
13:03 EDTIBMOmega Advisors gives quarterly update on stakes, discloses stake in Google
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08:03 EDTAVTAvnet expands share repurchase authorization by $250M
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08:02 EDTAVTAvnet board increases quarterly dividend 6.25% to 17c per share
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06:28 EDTHPQSamsung makes enterprise push with new phones, improved security, WSJ says
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05:58 EDTHPQStocks with implied volatility above IV index mean; JCP HPQ
Stocks with implied volatility above IV index mean; J.C. Penney (JCP) 68, Hewlett-Packard (HPQ) 38 according to iVolatility.
August 13, 2015
11:30 EDTHPQStocks with call strike movement; M HPQ
Macy's (M) November 72.50 call option implied volatility increased 3% to 27, Hewlett-Packard (HPQ) January 34 call option implied volatility increased 7% to 32 according to IVolatility.
09:31 EDTIBMIBM achieves FedRAMP mobile authorization
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07:19 EDTHPQHP Q3 revenue could miss Street by 4%, says Citi
Citi analyst Jim Suva says weakness in PCs, and to a lesser extent printing, may led to HP reporting Q3 revenue on August 20 that misses consensus expectations by up to 4%. However, with the stock underperforming the market by more than 10% since HP reported in late May, a miss is largely priced in, Suva tells investors in a research note. He lowered his estimates for FY15 but reiterates a Buy rating on HP. The analyst continues to view the stock's risk/reward as compelling into the company's break-up.
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