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Stock Market & Financial Investment News

News Breaks
May 29, 2014
18:40 EDTEXPR, BLOX, NMBL, OVTI, GLUU, SPLK, CRM, AVGO, LGF, BNNY, RTRX, VEEVOn 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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July 29, 2015
17:24 EDTEXPRExpress to replace Associated Estates in S&P 600 as of 8/5 close
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10:41 EDTSPLKOptions with increasing implied volatility
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10:27 EDTSPLKOptions with decreasing implied volatility
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July 28, 2015
10:00 EDTNMBLOn The Fly: Analyst Downgrade Summary
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09:38 EDTCRMSalesforce announce new version of Salesforce1 for iOS
In a corporate blog post, Salesforce (CRM) announced a new version of Salesforce1 for iOS, which it said brings a "brand new way to access and edit documents in external repositories such as SharePoint and OneDrive for Business and also seamlessly edit them using Office iOS apps." Salesforce added that the release is the "latest in a series of milestones based on our strategic partnership with Microsoft (MSFT)." Reference Link
06:18 EDTNMBLNimble Storage downgraded to Buy from Strong Buy at Needham
July 27, 2015
05:56 EDTCRMStocks with implied volatility movement; CRM GILD
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July 24, 2015
12:58 EDTOVTIOmniVision stockholders approve merger with consortium
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06:38 EDTLGFLionsgate price target raised to $45 from $38 at Piper Jaffray
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05:45 EDTSPLKProofpoint price target raised to $80 from $70 at Summit Research
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July 23, 2015
08:24 EDTGLUUGlu Mobile revenue run-rate seems to have risen in recent weeks, says Cowen
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05:15 EDTVEEVVeeva acquires HCP, HCO database from Merqurio in Italy
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July 22, 2015
14:51 EDTAVGOEarnings Watch: Qualcomm reports after speculations of potential breakup
Qualcomm (QCOM) is expected to report third quarter earnings after the close on July 22, with a conference call scheduled for 4:45 pm ET. Qualcomm is a maker of semiconductors and telecommunications equipment. EXPECTATIONS: Analysts are looking for earnings per share of 95c on revenue of $5.85B. EPS consensus ranges 90c-$1.05 on a revenue range of $5.59B-$6.08B, according to First Call. LAST QUARTER: On April 22, Qualcomm reported Q2 EPS of $1.40 against expectations for $1.33, and revenue of $6.89B versus estimates of $6.83B. The company also cut its FY15 EPS guidance to $4.60-$5.00 from $4.85-$5.05 and lowered projected revenue to $25B-$27B from $26.3B-$28B, saying it expects pressure in its semiconductor business due to customer shifts in the premium segment and a decline in Qualcomm's share at an unnamed large customer. NEWS: On May 8, Reuters reported that EU antitrust regulators asked Qualcomm's competitors how the company's licensing and business practices affect them, and on July 16, the European Commission confirmed two formal antitrust investigations of the company. On May 25, Qualcomm and Daimler (DDAIF) announced a strategic collaboration to develop connected car technology. Coming on the heels of Avago's (AVGO) May 28 agreement to acquire Broadcom (BRCM), Bloomberg quoted a source later that day as saying Qualcomm, Intel (INTC), Altera (ALTR), Analog Devices (ADI), Maxim Integrated (MXIM), Texas Instruments (TXN), and Microchip Technology (MCHP) are all considering their own M&A opportunities. Note that on June 1, Intel announced an agreement to acquire Altera. On June 23, Semiconductor Manufacturing International (SMI), Qualcomm, Huawei, and Imec announced the formation of a joint venture to focus on a type of 14 nanometer technology. More recently, the Wall Street Journal reported on July 20 that Qualcomm is "expected" to begin a comprehensive strategic review which may include the possibility of a breakup following pressure from "activist" shareholder Jana Partners, according to sources, adding that the move could be announced concurrent with Wednesday's earnings release. STREET RESEARCH: Following last quarter's earnings report, Exane BNP Paribas downgraded Qualcomm to Neutral from Outperform, while both Canaccord and Brean Capital lowered price targets for the stock after "disappointing" guidance. Meanwhile, Citi said it expects the company's chip business to recover in 2016 despite this "very bad year." On May 28, CLSA said it sees continued pressure on Qualcomm chipsets, potentially spurring the company to consider making an acquisition, and on June 2, Craig-Hallum noted that Skyworks (SWKS) would be a great fit for Qualcomm. On June 24, Summit Research called Applied Micro Circuits (AMCC) an "affordable" target for Qualcomm, with AMD (AMD) and Cavium (CAVM) also looking like potential takeover candidates. On June 29, Drexel Hamilton downgraded Qualcomm to Sell from Hold, citing expected price cuts. Lastly, following media reports on July 20 that Qualcomm could be weighing a breakup, Bernstein said that such a "dis-synergistic" split would likely destroy value rather than create it. PRICE ACTION: Shares of Qualcomm are down more than 1% to $64.37 in afternoon trading ahead of Wednesday's earnings report.
09:36 EDTGLUUGlu Mobile mentioned cautiously by TheStreetSweeper
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05:24 EDTCRMStocks with implied volatility movement; CHK CRM
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July 21, 2015
19:00 EDTAVGOOn The Fly: After Hours Movers
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15:11 EDTCRMEarnings Watch: Microsoft up 5% since announcing Nokia writedown
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14:24 EDTNMBLEarnings Watch: EMC reports amid M&A speculation in sector
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09:56 EDTCRMSalesforce rallies amid renewed speculation of Microsoft deal
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09:55 EDTCRMSalesforce calls active
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