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Stock Market & Financial Investment News

News Breaks
March 21, 2014
10:32 EDTCHS, ANN, SYMC, PGR, ARCPHigh option volume stocks: PGR ANN ARCP SYMC CHS
News For PGR;ANN;ARCP;SYMC;CHS From The Last 14 Days
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February 5, 2016
06:18 EDTSYMCSymantec volatility elevated into Q3 and $500M investment by Silver Lake
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February 4, 2016
19:30 EDTSYMCOn The Fly: After Hours Movers
UP AFTER EARNINGS: Ubiquiti Networks (UBNT), up 18.3%... Symantec (SYMC), up 9.3%... Hartford Financial (HIG), up 7.4%... Post Holdings (POST), up 6.3%... Lumentum (LITE), up 4.7%... TTM Technologies (TTMI), up 1.1%. ALSO HIGHER: Multi-Fineline (MFLX), up 40% after agreeing to be acquired for $23.95 per share. DOWN AFTER EARNINGS: Tableau Software (DATA), down 35.2%... LinkedIn (LNKD), down 29%... Giga-tronics (GIGA), down 28.6%... Hanesbrands (HBI), down 11.4%... YRC Worldwide (YRCW), down 18.8%... Outerwall (OUTR), down 14.2%... Deckers Outdoor (DECK), down 9.9%... Qorvo (QRVO), down 1.3%... athenahealth (ATHN), down 3.7%. ALSO LOWER: Hess (HES), down 6.7% after filing to sell 25M common shares and 10M depositary shares... Splunk (SPLK) is down 10.4%, Qlik Technologies (QLIK) is down 11.4%, Workday (WDAY) is down 6.2%, and Palo Alto Networks (PANW) is down 3% after Tableau Software reported quarterly results... Groupon (GRPN) is down 1.9%, Netflix (NFLX) is down 1.7%, Twitter (TWTR) is down 1.7%, and Facebook (FB) is down 1% are down after LinkedIn reported quarterly results.
16:45 EDTSYMCSymantec up 8% to $20.74 after Q3 results, Silver Lake investment
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16:11 EDTSYMCKen Hao named to Symantec board
In conjunction with Silver Lake's investment, Ken Hao, managing partner of Silver Lake, will be appointed to Symantec's Board of Directors, effective at the close of the investment. With Hao's appointment, the Symantec Board will be comprised of ten directors, nine of whom are independent.
16:09 EDTSYMCSymantec sees Q4 adjusted EPS 24c-27c, consensus 25c
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16:08 EDTSYMCSymantec reports Q3 adjusted EPS 26c, consensus 24c
Reports Q3 revenue $909M, consensus $905.81M.
16:08 EDTSYMCSymantec targets cost savings of about $400M by end of FY18
16:07 EDTSYMCSymantec announces $500M strategic investment by Silver Lake
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16:05 EDTSYMCSymantec announces $500M strategic investment by Silver Lake
14:35 EDTSYMCNotable companies reporting after market close
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February 1, 2016
14:05 EDTANNMacy's announces senior executive changes amid 'evolving' consumer preferences
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12:27 EDTSYMCOptions with increasing put volume
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10:08 EDTSYMC, PGRHigh option volume stocks
High option volume stocks: NOK HLT NCLH DF GALE VMW DPS SYY SYMC PGR
January 29, 2016
16:11 EDTSYMCSymantec on track to return over $4B to shareholders by March 2017
Symantec is on track to return more than $4B in capital to its shareholders by the end of March 2017. This capital return includes a $500M accelerated share repurchase completed in January 2016; $1.8B remaining at the end of Q3 from its previously announced share repurchase program; and the additional $2B of capital return that the board announced.
16:09 EDTSYMCSymantec receives $5.3B in connection with completion of Veritas sale
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11:33 EDTPGRProgressive appoints Steve Broz Chief Information Officer
The Progressive Corporation announced Steve Broz as its new Chief Information Officer following the previously announced retirement of Ray Voelker. Voelker retired after 30 years at Progressive, including 15 as Chief Information Officer. Broz was as a key member of Voelker's senior leadership team heading up the technology group's Enterprise Project Management Office.
10:56 EDTSYMCIT security stocks rise after Fortinet meets expectations
The shares of a number of IT security companies are rising after one of the companies in the sector, Fortinet (FTNT), reported in-line fourth quarter results last night. JPMorgan and RBC Capital were upbeat on the company's outlook. WHAT'S NEW: Fortinet reported Q4 EPS of 18c, in line with analysts' consensus outlook. The company's revenue was also in-line with the consensus outlook, while its billings jumped 35% versus the same period a year earlier. Moreover, Fortinet's fiscal 2016 guidance also came in near consensus estimates. ANALYST REACTION: Fortinet's results show that it is gaining market share, especially overseas and among U.S. small and medium businesses, JPMorgan analyst Sterling Auty stated. Additionally, the company's margins look set to reach about 15% in fiscal 2016, up from 13% the previous year, and its free cash flow should jump 33% in fiscal 2016, the analyst predicted. He kept a $54 price target and Overweight rating on the shares, saying the quarter should bring a "welcomed lift" following the recent selloff in shares. Fortinet's guidance suggests that it will have more leverage than expected in fiscal 2016, but its outlook is also "somewhat conservative," RBC Capital analyst Dan Bergstrom wrote. Fortinet's stock is relatively cheap versus its peers and its historical norms, the analyst believes. However, he kept a $32 price target and Sector Perform rating on the shares. WHAT'S NOTABLE: Yesterday morning IT security company Check Point (CHKP) reported stronger than expected Q4 results and provided in-line fiscal 2016 EPS guidance, excluding certain items. Last night IT security company Proofpoint (PFPT) reported in-line Q4 results but provided lower than expected fiscal 2016 EPS guidance. PRICE ACTION: In late morning trading, Fortinet climbed 6% to $28. Other IT security companies also advanced, with Palo Alto (PANW) surging 7.5%, Barracuda (CUDA) gaining 2.5% to $10.60, FireEye (FEYE) rising 1.5% to $14, Check Point adding 1% to $77.70 and Symantec (SYMC) rising 1.2% to $129.75.
January 27, 2016
08:28 EDTPGRProgressive reports Q4 EPS with gains 56c, may not compare to consensus 47c
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08:25 EDTPGRProgressive reports December EPS 24c
Reports December net premiums written down 11% to $1.392B and net premiums earned down 9% to $1.604B.
January 26, 2016
14:32 EDTPGRNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Novartis (NVS), consensus $1.18... Boeing (BA), consensus $1.26... United Technologies (UTX), consensus $1.52... Biogen (BIIB), consensus $4.08... EMC (EMC), consensus 65c... General Dynamics (GD), consensus $2.38... Anthem (ANTM), consensus $1.22... Illinois Tool Works (ITW), consensus $1.21... State Street (STT), consensus $1.18... Norfolk Southern (NSC), consensus $1.24... Progressive (PGR), consensus 47c... St. Jude Medical (STJ), consensus $1.01... Rockwell Automation (ROK), consensus $1.33... Textron (TXT), consensus 83c... Hess (HES), consensus ($1.47)... Cliffs Natural (CLF), consensus (26c).
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