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March 16, 2014
16:25 EDTEMC, PX, RHT, FEICPraxair, FEI Co., Red Hat, EMC should benefit from reinvestment, Barron's says
Praxair (PX), FEI Company (FEIC), Red Hat (RHT), EMC (EMC) should benefit from shifting corporate spending to reinvestment from repurchases, Barron's contends in a feature article. Reference Link
News For PX;FEIC;RHT;EMC From The Last 14 Days
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January 29, 2015
07:00 EDTEMCEMC sees FY15 EPS $1.98, consensus $2.13
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06:58 EDTEMCEMC reports Q4 EPS 69c, consensus 68c
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January 28, 2015
12:41 EDTEMCEarnings Preview: Firm says EMC could unveil share repurchases, restructuring
EMC (EMC) is scheduled to report fourth quarter earnings before the open on Thursday, January 29, with a conference call scheduled for 8:30 am ET. EMC is a provider of IT infrastructure. EXPECTATIONS: Analysts expect the company to report earnings per share of 68c on revenue of $7.1B. The consensus range is 67c-70c for EPS and $7B-$7.2B for revenue. LAST QUARTER: EMC reported slightly lower than expected profit and slightly higher than expected revenue for the third quarter. Its fiscal 2014 guidance was roughly in-line. EMC said that it would adopt an aggressive stance during fiscal 2015, which started recently, when it comes to returning cash to shareholders. The company said that it would not comment on speculation that it had held talks about selling the company to HP (HPQ). On November 5, David Einhorn’s Greenlight Capital revealed that it had taken a "medium-sized" long position in EMC. RECENT NEWS: On January 12, EMC agreed to add two men backed by activist investor Elliott Management to its board. In return, Elliott, which had been pushing EMC to break itself up, entered into a limited standstill agreement with EMC. Under the framework of that deal, Elliott pledged to back EMC’s other proposed directors at the company's next shareholder meeting, scheduled to take place on April 30. Elliott has a $1B stake in EMC. STREET RESEARCH: In a note to investors on January 26, Wells Fargo predicted that EMC’s results could beat expectations, driven by catch-up spending on storage solutions after soft spending trends in the first half 2014, Wells stated. On other other hand, EMC’s 2015 EPS guidance could miss expectations, as other analysts may not have adequately calculated the effects of the company’s acquisition, the firm stated. But EMC could increase the size of its share repurchases or announce a restructuring initiative that could offset any negative effects of the VCE deal on its EPS, Wells believes,. The firm views the stock as a core long-term holding, as it believes that the company’s current investments in new technologies will drive growth and earnings leverage, especially in 2016 and later In a note to investors on January 26, research firm Pacific Crest wrote that EMC’s 2015 EPS guidance could miss expectations, due to all the costs generated by VCE and EMC’s investments in next-generation technologies. However, EMC’s share gains and profit growth should accelerate in 2016, making it a good stock for investors to buy opportunistically this year, the firm advised. It kept a $30 price target and Outperform rating on the stock. PRICE ACTION: EMC's stock is down 11.5% in the last month, but the shares are still up 7.7% over the last twelve months.
06:09 EDTPXPraxair reports Q4 North America sales up 3% to $1.59B
Reports Q4 Europe sales down 12% to $356M; Reports Q4 South America sales down 2% to $473M; Reports Q4 Asia sales up 6% to $407M. Praxair Surface Technologies had fourth-quarter sales of $165 million as compared to $164 million in the prior-year quarter. Organic sales grew 1% due to favorable pricing. Overall volumes were comparable to the prior-year period. Operating profit was $30 million as compared to $27 million in the prior year.
06:08 EDTPXPraxair sees Q1 EPS $1.39-$1.47, consensus $1.58
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06:08 EDTPXPraxair sees FY15 EPS $6.15-$6.50, consensus $6.70
Sees FY15 revenue $12B-$12.4B, consensus $12.8B. This sales guidance assumes a negative currency impact of about 6% versus 2014. Full-year capital expenditures are expected to be about $1.7 billion and the effective tax rate is forecasted to remain at about 28%.
06:07 EDTPXPraxair expects modest global growth in 2015
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06:06 EDTPXPraxair reports Q4 adjusted EPS $1.57, consensus $1.57
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06:00 EDTPXPraxair board increases quarterly dividend by 10% to 71.5c
The board of Praxair has declared a 10% increase in the company’s quarterly dividend to 71.5c per share, payable on March 16, 2015, to common shareholders of record as of March 6, 2015.
January 27, 2015
18:20 EDTEMCOn The Fly: After Hours Movers
UP AFTER EARNINGS: ABIOMED (ABMD), up 27%... Yahoo (YHOO), up 7.2% after reporting fourth quarter results and that it is planning a tax-free spin-off of remaining Alibaba (BABA) stake... Freescale Semiconductor (FSL), up 10%... Marten Transport (MRTN), up 6%... U.S. Steel (X), up 9.2%... Key Tronic (KTCC), up 4%... Juniper Networks (JNPR), up 4.4%... Western Digital (WDC), consensus 2.6%... Electronic Arts (EA), up 4.8%... VMware (VMW), up 1.7%... AT&T (T), up 1.9%... Apple (AAPL), up 5.1%. ALSO HIGHER: Cirrus Logic (CRUS), up 2.9%, Skyworks (SWKS), up 1.3%, NXP Semiconductors (NXPI), up 1.5%, and Qorvo (QRVO), up 1% following Apple's first quarter results... EMC (EMC), up 2.1% following VMware's fourth quarter results... Alibaba (BABA), up marginally following Yahoo results and tax-free spin-off plans... DOWN AFTER EARNINGS: Ethan Allen (ETH), down 13.1%... EZCORP (EZPW), down 7.1%... International Game Technology (IGT), down 2.9%... Open Text (OTEX), down 4.4%. ALSO LOWER: Synergy Resources (SYRG), down 3.7% after filing to sell $150M of common stock.
15:35 EDTPXNotable companies reporting before tomorrow's open
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09:04 EDTEMCEMC January weekly volatility elevated into Q4 and outlook
EMC January weekly call option implied volatility is at 39, February is at 24, March is at 23; compared to its 26-week average of 24 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on January 29.
January 26, 2015
11:43 EDTEMCEMC to release Q4 results on January 29
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10:00 EDTPXOn The Fly: Analyst Downgrade Summary
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09:23 EDTPXPraxair downgraded to Neutral at RW Baird
As previously reported, Baird downgraded Praxair to Neutral form Outperform citing choppy trends in Brazil and China in addition to currency headwinds. Baird lowered its price target to $133 from $136 on Praxair shares.
06:30 EDTPXPraxair downgraded to Neutral from Outperform at RW Baird
January 22, 2015
09:31 EDTPXPraxair awarded NASA contract to supply hydrogen to space programs
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08:57 EDTEMCIxia slides after Oracle unveils Virtual Compute Appliance X5
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January 21, 2015
09:02 EDTEMCSciQuest names Beth Hendriks as Chief Technology Officer
SciQuest (SQI) announced that EMC (EMC) executive Beth Hendriks will be joining the company as its new chief technology officer. In this role, she will be responsible for enhancing the breadth and depth of the SciQuest Spend Management Suite while accelerating technology and user experience innovation. Hendriks joins SciQuest from EMC, where she served as senior director of engineering.
January 20, 2015
09:33 EDTPXPraxair sent warning letter from FDA
The FDA warning letter, dated Jan. 7, cites an inspection that revealed quality system violations. Reference Link
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