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Stock Market & Financial Investment News

News For ORCL;RHT;VMW;INFA;QLIK;ADSK From The Last 14 Days
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January 26, 2016
17:39 EDTVMWVMware says BRIC countries accounted for 2 points of headwind in Q4
17:36 EDTVMWVMware sees Q1 EPS 83c-85c, consensus 92c
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17:34 EDTVMWVMware sees FY16 EPS $4.07-$4.16, consensus $4.20
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17:33 EDTVMWVMware sees FY16 non-GAAP operating margin 31.5%
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17:32 EDTVMWVMware sees FY16 revenue $6.8B-$6.9B, consensus $7.21B
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17:18 EDTVMWVMware sees continued weakness in China, Russia and Brazil
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17:12 EDTVMWVMware sees 2016 total bookings, license bookings to exceed revenue growth
In its Q4 slides presentation the company said for 2016 expect total bookings and license bookings to exceed revenue growth by 3-5% points.
16:24 EDTVMWVMware appoints Zane Rowe as CFO
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16:21 EDTVMWVMware moves up
After results, the shares are up over 4.8% in the extended session to $51.69. At that price resistance is at $52.88. Support is at $50.39.
16:18 EDTVMWVMware to take charge on restructuring, announces new CFO
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16:16 EDTVMWVMware reports Q4 EPS $1.26, consensus $1.25
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15:20 EDTVMWEarnings Watch: EMC reports as questions linger on Dell deal
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14:32 EDTVMWNotable companies reporting after market close
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10:34 EDTRHTBattleground: BofA says sell NetSuite, DA Davidson still bullish
Over the last two days, analysts have issued mixed views on NetSuite (N), with Bank of America Merrill Lynch and Stephens downgrading the shares, while research firm DA Davidson argued in its own note to investors that the company should report better than expected fourth quarter results on January 28. NetSuite develops cloud based financial and enterprise resource planning, or ERP, tools for businesses. BEARISH TAKE: Bank of America Merrill Lynch analyst Kash Rangan downgraded NetSuite to Underperform, the firm's equivalent of a sell rating, from Neutral today. The company has increased its sales force by about 40%, but its billings are accelerating by only about 30%, the analyst stated. Moreover, NetSuite's operating margins are expected to come in at only about 4% in 2016, making it difficult for investors to value the stock on a price to earnings or enterprise value to free cash flow basis, Rangan believes. The stock may face obstacles if its billings growth doesn't accelerate significantly or if its operating margin doesn't increase to 10%-12%, Rangan wrote. Meanwhile, the company is facing tough competition from Microsoft (MSFT) in the mid-market and from other players at the lower end, according to the analyst, who cut his price target on the name to $80 from $95. Also writing that NetSuite is facing increased competition, Stephens analyst Alex Zukin yesterday downgraded the stock to Equal Weigh from Overweight. These competitive pressures along with changes to the company's organizational structure, the loss of a number of its "marquee" customers, and its premium valuation, led to the downgrade, Zukin stated. He slashed his price target on the stock to $75 from $100. BULLISH TAKE: NetSuite's Q4 results should beat expectations, with revenue coming in at $207.6M, above the company's guidance range of $202M-$205M and the consensus outlook of $204.4M, predicted DA Davidson analyst Jack Andrews. The company will report EPS of 5c, versus the consensus outlook of 4c, estimated Andrews. NetSuite can continue to increase its market share at the expense of mid-tier ERP vendors, believes the analyst, who reiterated a $130 price target and Buy rating on the shares. WHAT'S NOTABLE: In the same note to investors this morning, Merrill Lynch's Rangan also downgraded Paylocity (PCTY) and Marketo (MKTO) to Underperform from Neutral and it cut his rating on Red Hat (RHT) to Neutral from Buy. Paylocity provides payroll and human capital management software to medium businesses, while Marketo provides cloud-based marketing tools and Red Hat provides open source software solutions. PRICE ACTION: In early trading, NetSuite fell 3.6% to $65.45.
08:13 EDTVMWVMware expected layoffs hit Monday, Fortune reports
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07:36 EDTADSKKKR leads funding round in Jitterbit
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07:11 EDTRHTRed Hat downgraded to Neutral from Buy at BofA/Merrill
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07:02 EDTADSKInternational Exposition Company to hold an expo
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06:00 EDTVMWEU to decide on Dell, EMC deal by February 29, Reuters reports
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January 25, 2016
15:24 EDTVMWVMware volatility elevated into Q4 and outlook
VMware January weekly call option implied volatility is at 97, February is at 55; compared to its 52-week range of 21 to 53, suggesting large near term price movement into the expected release of Q4 results on January 26.
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