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Stock Market & Financial Investment News

News For ORCL;DELL;BX;CSCO;HPQ;SVU;ACAD;SCHL;GES From The Last 14 Days
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May 29, 2015
10:27 EDTHPQOptions with decreasing implied volatility
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06:28 EDTBXBlackstone reinstated with an Outperform at Credit Suisse
Target $54.
05:52 EDTHPQIDC: PC shipments to decline for fourth straight year in 2015, DigiTimes says
The IDC said PC shipments will decline by 6.2% in 2015 and will be the fourth consecutive year of falling volume, reports DigiTimes. The market almost saw stable shipments in mid-2014 as the end of support for Windows XP boosted demand, but that cycle passed and was replaced by a reduction in inventory on the supply side as the market awaits the arrival of Windows 10. Reference Link
05:52 EDTHPQIDC: Worldwide tablet growth to decline 3.8% in 2015, DigiTimes says
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May 28, 2015
11:17 EDTORCLBofA/Merrill software analyst holds an analyst/industry conference call
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08:13 EDTSVUMoneyGram renews longstanding agreement with Supervalu
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05:53 EDTORCLObama administration urges justices not to hear Google-Oracle case, WSJ says
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05:49 EDTHPQMarket to see six 2-in-1 Chromebooks for 2015, DigiTimes reports
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May 27, 2015
14:47 EDTORCLAnalysts debate Workday after post-earnings selloff
Last night's results and guidance from Workday (WDAY) prompted a selloff in the stock a several cautious notes from research firms. However, multiple analysts remain bullish on the company and see strong prospects hidden behind the "relatively conservative" guidance. WHAT'S NEW: After the market close on Tuesday, Workday reported first quarter losses per share of (2c) on revenues of $251M, both of which beat consensus estimates. However, the company's second quarter revenue guidance of $270M-$274M bracketed the consensus forecast of about $272M. ANALYST REACTIONS: Brean Capital's Sarah Hindlian noted that traders were likely disappointed by the lack of major client announcements for Workday's FMS product, but said she believes FMS will be successful in the long term. Hindlian added that she expects Workday to become a "clear winner" eventually, but warned of a significant correction in the stock and noted that "significant" R&D spending is required before the company can capture the full market and she reiterates a Hold rating on the stock. Jefferies' John DiFucci and Brad Zelnick were less hopeful, saying the company's 31% billings growth versus 69% last year reflects "very aggressive" competition from Oracle (ORCL) and SAP (SAP), which could signal lessened momentum for Workday. The firm believes renewals may be a bright spot for the company going forward, but kept a Hold rating on the stock and cut its price target to $92 from $99 on the shares. Wells Fargo's Jason Maynard said the company's "relatively conservative" guidance is likely due to some lag in large deal signings as well as a relatively slow acceleration in Europe. The firm lowered its price target to $105-$110 from $110-$120, but remained optimistic on Workday, citing "extremely strong" renewals, new client wins in human capital management, and a maturing financial product. Richard Davis and David Hynes from Canaccord lowered Workday's price target to $100 from $110, but nevertheless said they believe the company faces a "decade of growth." The firm was not surprised at the recent selloff and recommended using weakness in the stock price to fill out investment positions in Workday. PRICE ACTION: Workday is down over 10% to about $83 per share in afternoon trading. Oracle and SAP are up roughly 1.8% and 1%, respectively.
10:35 EDTHPQBMO Capital to hold a tour
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06:27 EDTORCLUS administration backs Oracle in Google case, Financial Times reports
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05:20 EDTORCLJefferies cuts Workday price target on moderating growth
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May 26, 2015
14:04 EDTCSCOLaw firm says Supreme Court rules against Cisco in Commil patent case
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13:10 EDTHPQHP acquires ConteXtream, terms not disclosed
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10:40 EDTHPQHP reverses post-earnings gains, levels to watch
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07:41 EDTCSCOCisco management to meet with Jefferies
Meetings to be held in London/New York May 27-28 hosted by Jefferies.
06:38 EDTORCLMicrosoft buying Salesforce 'makes a lot of sense,' says Piper Jaffray
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May 22, 2015
09:58 EDTBXOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Allison Transmission (ALSN) initiated with a Buy at Stifel... Avago (AVGO) initiated with a Buy at Mizuho... Blackstone (BX) initiated with a Positive at Susquehanna... Cellectis (CLLS) initiated with an Outperform at Oppenheimer... Cypress Semiconductor (CY) initiated with a Buy at Mizuho... Esperion (ESPR) initiated with a Sell at Chardan... H&R Block (HRB) initiated with an Overweight at Piper Jaffray... Horizon Pharma (HZNP) initiated with an Outperform at Leerink... M/A-COM (MTSI) initiated with a Buy at Goldman... Meritor (MTOR) initiated with a Hold at Stifel... Micron (MU) initiated with a Buy at Mizuho... Monster Worldwide (MWW) initiated with a Neutral at Piper Jaffray... NXP Semiconductors (NXPI) initiated with a Buy at Mizuho... National Storage (NSA) initiated with a Sector Weight at KeyBanc... ON Semiconductor (ON) initiated with a Buy at Mizuho... Qorvo (QRVO) initiated with a Buy at Goldman... SanDisk (SNDK) initiated with a Neutral at Mizuho... Sharps Compliance (SMED) initiated with a Buy at Stifel... Skyworks (SWKS) initiated with a Buy at Mizuho... StemCells (STEM) initiated with a Buy at Cantor... Synaptics (SYNA) initiated with a Buy at Mizuho... Synergy Pharmaceuticals (SGYP) initiated with a Buy at Canaccord... Texas Instruments (TXN) initiated with a Neutral at Mizuho... TriNet (TNET) initiated with a Neutral at Piper Jaffray... Vascular Biogenics (VBLT) initiated with a Buy at Roth Capital... Verifone (PAY) initiated with an Outperform at Imperial Capital... uniQure (QURE) initiated with an Outperform at Oppenheimer.
09:25 EDTHPQOn The Fly: Pre-market Movers
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09:13 EDTHPQHP CEO says going after 3D printing with proprietary technology
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07:42 EDTHPQHP remains undervalued, says UBS
UBS believes HP shares remain undervalued and they view the stock as attractive based on the company's ultimate earnings power. The firm said Q2 results were not bad despite weakness in the PC hardware sector. UBS reiterated its Buy rating and $40 price target on HP shares.
07:40 EDTHPQHP should continue to be accumulated, says Brean Capital
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07:19 EDTHPQHP Q2 solid amid currency headwind, says Citigroup
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07:02 EDTBXBlackstone initiated with a Positive at Susquehanna
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06:00 EDTCSCOJohn McCain: Cisco deserves to be investigated over Russia deals, Buzzfeed says
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May 21, 2015
18:49 EDTHPQOn The Fly: After Hours Movers
UP AFTER EARNINGS: Hewlett-Packard (HPQ), up 1%. ALSO HIGHER: Autobytel (ABTL), up 14.1% after acquiring Dealix Corporation and Autotegrity from CDK Global (CDK) for $25M and raising fiscal 2015 guidance... StemCells (STEM), up 2.5% after being initiated with a Buy at Cantor... PTC Therapeutics (PTCT), up 2.3% after a Benefit Assessment by Germany's Federal Joint Committee indicated that Translarna provided a benefit for ambulatory patients... CBOE Holdings (CBOE), up 1.6% after raising share repurchase authorization by $100M... Cypress Semiconductor (CY), up 1.2% after being initiated with a Buy at Mizuho. DOWN AFTER EARNINGS: Aeropostale (ARO), down 18.5%... Brocade (BRCD), down 2.1%... Marvell Technology (MRVL), down 2.9% after reporting quarterly results and departure of CFO. ALSO LOWER: Otonomy (OTIC), down 17.7% following report of Phase 2b topline data for OTO-104... Viggle (VGGL), down 18.8% after filing to sell common stock... CEL-SCI (CVM),down 2.7% after announcing a proposed offering of common stock and warrants.
17:35 EDTHPQHP backs FY15 free cash flow view $3.5B-$4B
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17:34 EDTHPQHP sees FY15 revenue 'flat to slightly down' in constant currency
Consensus is $105.41B.
17:23 EDTHPQHP says Cathie Lesjak will be CFO at HP Inc
HP announced new future leadership appointments for both companies: Cathie Lesjak will become CFO of HP Inc. The company added, "Lesjak's deep expertise will best serve Dion and his team as they embark on creating a new company." With Lesjak's move to HP Inc., Tim Stonesifer will become CFO of Hewlett Packard Enterprise. Stonesifer currently serves as CFO of HP's Enterprise Group. Prior to joining HP, Stonesifer served as CFO for General Motors International Operations based in Shanghai, and held a number of finance leadership positions during his twenty-year tenure at General Electric Company. Chris Hsu has been selected to become COO at Hewlett Packard Enterprise. The company added, "Hsu has proven strength in driving performance optimization across a number of key business areas, including real estate, indirect procurement, and business process improvement." As COO, Hsu will expand his duties to oversee and manage the continued separation execution, as well as HP Financial Services.
17:14 EDTHPQHP CEO says currency impacted Q2 results
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16:24 EDTHPQOn The Fly: Top stock stories for Thursday
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16:22 EDTHPQHP up over 1.4% after Q2 results, guidance
16:14 EDTHPQHP says separation remains on track
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16:12 EDTHPQHP says Q2 Personal Systems revenue was down 5% year over year
Personal Systems revenue was down 5% year over year with a 3.0% operating margin. Commercial revenue decreased 7% and Consumer revenue decreased 2%. Total units were up 2% with Notebooks units up 19% and Desktops units down 14%. Printing revenue was down 7% year over year with an 18.3% operating margin. Total hardware units were down 4% with Commercial hardware units up 1% and Consumer hardware units down 6%. Supplies revenue was down 5%. Enterprise Group revenue was down 1% year over year with a 14.5% operating margin. Industry Standard Servers revenue was up 11%, Storage revenue was down 8%, Business Critical Systems revenue was down 15%, Networking revenue was down 16% and Technology Services revenue was down 8%. Additionally, HP closed its acquisition of Aruba in May. Enterprise Services revenue was down 16% year over year with a 4.0% operating margin. Infrastructure Technology Outsourcing revenue was down 20%, and Application and Business Services revenue declined 8%. Software revenue was down 8% year over year with a 17.9% operating margin. License revenue was down 17%, support revenue was down 2%, professional services revenue was down 15% and software-as-a-service (SaaS) revenue was down 5%. HP Financial Services revenue was down 7% year over year with a 2% decrease in net portfolio assets and a 1% decrease in financing volume. The business delivered an operating margin of 10.6%.
16:11 EDTHPQHP sees associated dis-synergies of seperation approximately $400M to $450M
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16:07 EDTHPQHP sees Q3 EPS 83c-87c, consensus 87c
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16:07 EDTHPQHP backs FY15 EPS view of $3.53-$3.73 , consensus $3.64
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16:06 EDTHPQHP reports Q2 EPS 87c, consensus 86c
Reports Q2 revenue $25.5B, consensus $25.63B.
16:00 EDTHPQOptions Update; May 21, 2015
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15:10 EDTHPQEarnings Watch: HP buys Aruba, forms Chinese joint venture with split nearing
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15:01 EDTHPQNotable companies reporting after market close
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14:32 EDTHPQHP technical notes before results
The key feature on the daily chart is a potential, irregular, inverted bullish head and shoulders pattern. That pattern would not be valid without a breakout above $34. If the pattern triggers following bullish news, upside potential for the pattern would be to the $37 area. If the news is bearish, the pattern would fail to trigger. Downside potential might be a strong as upside, with first major support at the bottom of the head of the pattern at $31. Next support would then be at the $30 area.
14:10 EDTHPQHP May 34 straddle priced for 5.2% movement
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12:49 EDTHPQOn The Fly: Top stock stories at midday
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10:59 EDTHPQHP options active on selling 51% of China unit and into Q2
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08:47 EDTCSCOCisco to participate in a tech talk with Goldman Sachs
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08:15 EDTORCLSalesforce acquisition still possible, says JMP Securities
After Salesforce reported stronger than expected results, JMP Securities indicated that the results, along with statements by the company's CEO, make an acquisition seem less likely. However, the firm continues to believe that Google (GOOG), Oracle (ORCL), or Microsoft (MSFT) could buy the company. All three potential acquirers have significant cash and strong potential synergies with Salesforce, and the world is moving to the cloud, the firm explained. It raised its price target on Salesforce to $80 from $75 and keeps an Outperform rating on the shares.
08:11 EDTHPQHP to sell 51% of China unit for $2.3B
HP and Tsinghua Holdings jointly announced a partnership that will bring together Chinese enterprise technology assets of Hewlett-Packard and China's prestigious Tsinghua University to create the leading Chinese provider of technology infrastructure. Under the definitive agreement, Tsinghua Holdings subsidiary, Unisplendour Corporation, will purchase a 51% stake in a new business called H3C, comprising H3C Technologies and HP's China-based server, storage and technology services businesses, for approximately $2.3B, valuing the total business at $4.5B.
08:06 EDTHPQHP announces partnership with Tsinghua Holdings
HP and Tsinghua Holdings jointly announced a partnership that will bring together Chinese enterprise technology assets of Hewlett-Packard and China's prestigious Tsinghua University to create the leading Chinese provider of technology infrastructure. Under the definitive agreement, Tsinghua Holdings subsidiary, Unisplendour Corporation, will purchase a 51% stake in a new business called H3C, comprising H3C Technologies and HP's China-based server, storage and technology services businesses, for approximately $2.3B, valuing the total business at $4.5B. Combining these two entities, the new H3C will be a technology powerhouse in China with a market-leading portfolio that will be #1 in networking and a leader in servers, storage and technology services.
06:37 EDTORCLOracle to cut 40% of industry solutions team, Business Insider reports
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06:06 EDTHPQHP to sell stake in Chinese data-networking operation, WSJ reports
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May 20, 2015
08:51 EDTBXBlackstone to sell 25% stake in Eircom to Anchorage Capital, Reuters says
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08:45 EDTHPQHewlett-Packard volatility elevated into Q2 and outlook
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08:43 EDTCSCOCisco CFO says business in Europe improved; China, Russia still challenging
Cisco CFO Kelly Kramer spoke on CNBC.
08:41 EDTCSCOCisco CFO sees potential for acquistions in security
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05:57 EDTORCLSAP CEO says Salesforce unlikely to be acquired, Reuters reports
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May 19, 2015
14:31 EDTCSCOCovisint expands strategic relationship with Cisco, General Motors
Covisint (COVS) announced that it has reached a definitive agreement with Cisco (CSCO) to use the Covisint platform to power General Motors (GM) OnStar and SupplyPower through 2020. Under the terms of this five-year, non-cancelable contract, GM will materially increase their use of the Covisint platform to support growth in these solutions. This economically favorable transaction is a major milestone in the strategic partnership with Cisco, and a win for General Motors, Cisco and Covisint.
13:05 EDTORCLSalesforce deal talks may have 'died down,' dealReporter says
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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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07:36 EDTCSCOAutomakers to start V2V car rollouts with spectrum at a premium, WSJ says
General Motors' (GM) upcoming Cadillac CTS is the only car firmly scheduled to launch in the U.S. with vehicle-to-vehicle communications, or V2V, but the industry has promised that V2V will revolutionize safety and Cisco (CSCO) joined automakers earlier this month to brief the FCC on plans to test airwave sharing soon, said The Wall Street Journal. However, cable and telecom companies are pressuring carmakers to give up a part of the airwaves marked for V2V to be available for broader use, the report added. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), Honda (HMC), Toyota (TM) and Volkswagen (VLKAY), while cable and telecom companies include Verizon (VZ), AT&T (T), Sprint (S), T-Mobile (TMUS), Comcast (CMCSA), Time Warner Cable (TWC) and Charter (CHTR). Reference Link
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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09:36 EDTCSCOActive equity options trading on open
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May 17, 2015
16:50 EDTORCLWhite House wavers on backing Google, Oracle in copyright suit, Reuters says
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May 15, 2015
16:01 EDTCSCOOptions Update; May 15, 2015
iPath S&P 500 VIX Short-Term Futures down 20c to 20.06 Option volume leaders: AAPL BAC FB NFLX TWTR BABA CSCO TSLA MU GILD T MSFT AMZN MCD
11:00 EDTHPQHewlett-Packard volatility elevated into Q2 and outlook
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10:55 EDTSVUJANA Partners gives quarterly update on stakes
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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.
06:55 EDTBXBlackstone takes minority stake in Magnetar Capital, WSJ reports
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