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Stock Market & Financial Investment News

News Breaks
May 20, 2014
06:25 EDTNTAP, HPQNetApp, HP may miss revenue expectations, says Citigroup
Citigroup believes both NetApp (NTAP) and HP (HPQ) "will be challenged" to meet April quarter revenue expectations but may be able to hit earnings estimates due to cost controls. Citi thinks NetApp may modestly guide-down for the July quarter given a lack of demand visibility. The firm expects HP to reiterate FY15 earnings guidance. Citi has a Neutral rating on NetApp and a Buy rating on HP.
News For NTAP;HPQ From The Last 14 Days
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May 20, 2015
15:00 EDTNTAPNotable companies reporting after market close
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14:08 EDTNTAPNetApp technical comments ahead of earnings
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13:37 EDTNTAPEarnings Watch: Analysts concerned with competition hurting NetApp results
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08:45 EDTHPQHewlett-Packard volatility elevated into Q2 and outlook
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May 19, 2015
15:38 EDTNTAPNetApp May volatility elevated into Q4 and outlook
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12:55 EDTHPQPC related stocks struggle after Morgan Stanley says PC turn won't come until Q3
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07:41 EDTNTAPNetApp May volatility elevated into Q4 and outlook
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06:36 EDTHPQHP sued by MicroTech for $16.5M for 'unfairly taking advantage'
In a lawsuit filed Monday with the United States District Court for the Northern District of California in San Francisco, Virginia technology company MicroTech accuses Hewlett Packard and the software maker it now owns, Autonomy, of unfairly taking advantage by refusing to return $16.5M in cash paid to Autonomy for software never delivered in a fashion where it could be re-sold. During a national telephonic press conference, Lanny J. Davis, a Washington, D.C. attorney advising MicroTech, described the core allegation in the breach of contract case filed against HP: "Regardless of whether HP was defrauded by Autonomy, or whether HP's over-payment for Autonomy was a product of a possible due diligence failure, in my opinion, HP is not entitled to keep both MicroTech's money AND Autonomy's software that MicroTech duly purchased," Davis said.
06:24 EDTHPQHP to sell controlling stake in H3C unit to Tsinghua Unigroup, Reuters reports
HP will sell its 51% stake in H3C, its China-based computing unit, to Tsinghua Unigroup, Reuters reports, citing comments from a spokesperson for the Chinese private-equity fund's parent company. Terms have not been disclosed, but the spokesperson says he believes the deal will be completed in the coming days. Reference Link
May 18, 2015
14:15 EDTHPQHewlett-Packard volatility elevated into Q2 and outlook
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May 15, 2015
11:00 EDTHPQHewlett-Packard volatility elevated into Q2 and outlook
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07:40 EDTHPQHP split to be positive catalyst, says Deutsche Bank
Deutsche Bank believes HP's split will be a positive catalyst for shares this year. It views the stock as attractively priced ahead of the Q2 results on May 21 and says HP remains a top pick for 2015. Deutsche has a Buy rating on the name with a $45 price target.
May 14, 2015
09:40 EDTHPQHP upgraded to Buy from Hold at Cross Research
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06:24 EDTNTAPCiti expects 'lukewarm' Q4 results from NetApp
Citigroup expects NetApp to report "lukewarm" Q4 results on Wednesday amid "soft" underlying storage demand and "modest" currency pressure. The company's sales and earnings are likely to be in-line to a slight miss relative to consensus, Citi believes. The firm says that while the stock's valuation "looks interesting," it keeps a Neutral rating on the name with a $39 price target.
06:15 EDTHPQHP Q2 sales weakness largely expected, says Citigroup
Citigroup believes HP's Q2 revenue on May 21 could miss the consensus expectation of $25.8B due to PC weakness and currency pressure. Citi thinks sales weakness is largely expected, however. The firm says HP shares "will start to work again" as management will likely address and quantify the additional costs of operating as two separate companies. Uncertainty around the size of the dis-synergy costs has been a key factor behind the stock's recent underperformance, Citi believes. It keeps a Buy rating on HP with a $41 price target.
May 13, 2015
12:43 EDTHPQHewlett-Packard volatility elevated into Q2 and outlook
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May 11, 2015
09:59 EDTNTAPOn The Fly: Analyst Downgrade Summary
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07:50 EDTHPQHP awarded IT services contract by California WCDS
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07:29 EDTNTAPNetApp cut to sell on competition concerns at Pacific Crest
Pacific Crest downgraded NetApp (NTAP) to Underperform from Sector Perform saying the company's competitive threats are likely to increase this summer with new storage appliances from Nimble (NBML), Pure, Nutanix, Solidfire and Tintri as well as Amazon entering the Cloud network-attached storage space. The assigns a fair value target of $32 for shares. NetApp closed Friday up 8c to $35.65.
06:34 EDTNTAPNetApp downgraded to Underperform from Sector Perform at Pacific Crest
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