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Stock Market & Financial Investment News

News Breaks
May 29, 2014
18:40 EDTSPLK, CRM, AVGO, LGF, BNNY, RTRX, VEEV, EXPR, BLOX, NMBL, OVTI, GLUUOn The Fly: After Hours Movers
UP AFTER EARNINGS: OmniVision (OVTI), up 17.9% after reporting better than expected fourth quarter results and first quarter guidance above expectations... Veeva Systems (VEEV), up 6.2%... Avago (AVGO), up 1.5% after reporting quarterly results... Nimble Storage (NMBL), up 3.76%... ALSO HIGHER: Retrophin (RTRX), up 29.27% following license agreement with Mission Pharmacal for Thiola and revised guidance... salesforce.com (CRM), up 1.75% after announcing global strategic partnership with Microsoft (MSFT). DOWN AFTER EARNINGS: Infoblox (BLOX), down 28.12% after guiding below analyst estimates for fourth quarter and announcing that CEO Robert Thomas is stepping down... Annies (BNNY), down 16.86%... Splunk (SPLK), down 9.15%... Express (EXPR), down 10.27% after reporting quarterly results and announcing that it will close 50 stores over the next 36 months... Lions Gate (LGF), down 5.99%. ALSO LOWER: Glu Mobile (GLUU), down 7.4%.
News For OVTI;VEEV;AVGO;NMBL;RTRX;CRM;BLOX;BNNY;SPLK;EXPR;LGF;GLUU From The Last 14 Days
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May 15, 2015
10:55 EDTLGFJANA Partners gives quarterly update on stakes
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10:29 EDTRTRXAmerican Urological Association to hold an annual meeting
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10:01 EDTRTRXOn The Fly: Analyst Initiation Summary
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09:18 EDTRTRXRetrophin initiated with an Outperform at Avondale
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08:24 EDTGLUUGlu Mobile growth forecasts achievable and possibly conservative, says Canaccord
Canaccord came away from the Glu Mobile analyst day believing management's view of 20%+ annual top-line growth is not only achievable but may prove to be conservative. The firm sees the company leveraging its gaming communities and recognizable star power to drive growth and reiterated its Buy while raising its price target to $9 from $8 on Glu Mobile shares.
08:24 EDTEXPRAmerican Eagle, Express should be bought ahead of results, says BMO Capital
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06:59 EDTGLUUGlu Mobile price target raised to $9 from $7.50 at Piper Jaffray
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May 14, 2015
15:46 EDTAVGOXilinx calls active on report Avago interested in potential takeover
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15:44 EDTAVGOMaxim Integrated calls active on report Avago interested in potential takeover
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15:37 EDTAVGOAvago could spend $10B on takeover, eyeing Xilinx, Maxim, Reuters says
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15:31 EDTAVGOXilinx jumps 5% after Reuters says Avago interested in potential takeover
Maxim Integrated (MXIM) rose 5% as well after it was also reported by Reuters to be a potential target for Avago (AVGO).
15:29 EDTAVGOAvago interested in potential deal for Xilinx, Maxim Integrated, Reuters says
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10:09 EDTEXPRIncreasing equity options volume on open
Increasing equity options volume on open: ONTY CBRL PBYI GWW AXLL IEV KSS EXPR UEC JACK
08:21 EDTCRMSalesforce price target raised to $87 from $78 at Goldman
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06:21 EDTCRMSalesforce implied volatility of 57 at upper end of index
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May 13, 2015
07:10 EDTLGFB. Riley to hold a conference
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May 12, 2015
16:33 EDTCRMSalesforce, Sage announce strategic partnership, new small business platform
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11:38 EDTCRMLivePerson sinks to 52-week low after cutting fiscal 2015 outlook
Shares of LivePerson (LPSN), a provider of cloud-based digital engagement solutions, are sinking after the firm lowered its outlook for fiscal 2015. WHAT'S NEW: LivePerson yesterday reported first quarter adjusted earnings per share of 4c, in line with analysts' consensus estimates, on revenue of $59.8M, slightly below analysts' consensus estimates of $60.79M. LivePerson said it signed 147 deals in the quarter, including the addition of 30 new customers. Looking ahead to the second quarter, LivePerson forecast adjusted EPS of 0c-2c and revenue of $58.5M-$59.5M, well below the analysts' consensus estimates of 6c and $63.88M, respectively. WHAT'S NOTABLE: The company lowered its fiscal year 2015 adjusted EPS view to 10c-15c from 27c-32c, significantly trailing analysts' consensus estimates of 28c. LivePerson also cut its FY15 revenue outlook to $243M-$247M from $263M-$269M, also well below analysts' estimates of $264.36M. The company reduced reduced FY15 revenue guidance by $21M when comparing the midpoint of its updated guidance range to the midpoint of its previous guidance range. The adjustment reflects the impact of one large customer contract that ended, an increase in foreign exchange headwinds and a slightly slower start to the year than expected as the company intensified its focus on bringing LiveEngage to the market, the company said. LivePerson said it expects to record a $2.5M charge in Q2 related to cost-cutting move, which it described as "reprioritizing on areas showing the highest potential growth." The company believes its cost-savings initiatives will generate approximately $13M of expense savings in 2015. ANALYST REACTION: Credit Suisse this morning downgraded LivePerson to Neutral from Outperform and lowered its price target to $8 from $19. The firm said LivePerson was "forced" to lower revenue guidance for FY15 primarily due to the loss of AT&T (T) as a pay-for-performance chat customer, as well as from a slow sales start and FX. The firm said the ability of LivePerson to transition its large customer base to LiveEngage 2.0 will take longer than previously estimated. PRICE ACTION: In late morning trading, LivePerson fell $1.16, or 12.26%, to $8.30 on more than five times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $8.10. Including today's pull back, the shares have lost approximately 15% over the past 12 months. OTHERS TO WATCH: Other companies offering cloud-based digital engagement solutions include eGain (EGAN), down 1.2%, Zendesk (ZEN), down 4.05%, and Salesforce.com (CRM), up 0.2%.
06:02 EDTCRMSalesforce implied volatility of 64 at upper end of index
05:35 EDTAVGOAvago reinstated with an Overweight at Barclays
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