New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 16, 2014
10:40 EDTVMW, GOOG, RAX, EMC, AMZN, RHT, HPQ, CSCOCisco, Amazon seen as potential acquirers of Rackspace
Several analysts issued upbeat notes to investors on Rackspace (RAX) after the company, which provides cloud computing services, last night announced that it had been approached by a number of other companies that expressed interest in exploring strategic relationships, including partnerships and acquisitions. Rackspace disclosed it had hired Morgan Stanley (MS) to evaluate the proposals and explore other alternatives. ANALYST OPINION: In a note to investors earlier today, Credit Suisse wrote that Rackspace's cloud offerings would be attractive to multiple companies, including Cisco (CSCO), Hewlett-Packard (HPQ), and Dell. These companies could use Rackspace to expand their cloud offerings, according to the firm, which thinks Rackspace would likely be worth more than $47 per share in a potential deal. Meanwhile, Piper Jaffray said in its own note that the list of potential buyers for Rackspace is "extensive" and includes Cisco, Google (GOOG), Amazon.com (AMZN), EMC (EMC), VMware (VMW) and Red Hat (RHT). Piper believes takeout speculation, coupled with improving fundamentals, limits downside risk in Red Hat shares and the firm keeps an Overweight rating on the stock after the company confirmed being approached by multiple parties. Also upbeat was JMP Securities analyst Patrick Walravens, who recommended investors buy Rackspace shares. The company's business is poised to accelerate, and it could attract interest from multiple bidders, Walravens contended, adding that the stock is "significantly undervalued" and could more than double from current levels. The analyst kept a $67 price target and Outperform rating on the shares. PRICE ACTION: In early trading, Rackspace climbed over 19% to $36.53.
News For RAX;CSCO;AMZN;GOOG;HPQ;EMC;VMW;RHT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | all recent news | >>
July 21, 2015
17:26 EDTVMWVMware raises FY15 EPS view to $3.97-$4.03 from $3.94-$4.02
Consensus for FY15 EPS is $3.99.
17:23 EDTVMWVMware backs FY15 revenue $6.57B-$6.69B, consensus $6.65B
Subscribe for More Information
16:04 EDTVMWVMware reports Q2 license revenue $638M
Subscribe for More Information
16:03 EDTVMWVMware reports Q2 EPS 93c, consensus 91c
Subscribe for More Information
15:02 EDTEMCNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Coca-Cola (KO), consensus 60c... Boeing (BA), consensus $1.42... Abbott Laboratories (ABT), consensus 50c... Thermo Fisher Scientific (TMO), consensus $1.78... EMC (EMC), consensus 41c... Illinois Tool Works (ITW), consensus $1.28... St. Jude Medical (STJ), consensus $1.00... Northern Trust (NTRS), consensus 96c... Check Point Software (CHKP), consensus 95c... Polaris Industries (PII), consensus $1.58... Interpublic Group (IPG), consensus 27c... New York Community Bancorp (NYCB), consensus 26c... B/E Aerospace (BEAV), consensus 76c... Owens Corning (OC), consensus 54c... Knight Transportation (KNX), consensus 37c.
15:02 EDTVMWNotable companies reporting after market close
Subscribe for More Information
14:24 EDTHPQ, EMC, CSCO, VMWEarnings Watch: EMC reports amid M&A speculation in sector
Subscribe for More Information
14:02 EDTGOOGYouTube pulls Streamus app, Variety reports
Subscribe for More Information
13:59 EDTEMCEMC technical notes ahead of earnings
The key feature on a long-term chart is a potential compound bearish head and shoulders pattern. Shares are directly on the neckline of that pattern ahead of earnings. A move below $24 would confirm that the pattern is active. Downside potential would be to the $16 area over time, presuming the pattern was not interrupted. If the news is a bullish surprise, resistance levels to watch as potential upside objectives are at $26.17, $27.73, and $29.04. A move above $27.50 that sustained for several months would void the head and shoulders pattern.
13:33 EDTGOOGGoogle acquires Pixate, terms not disclosed
Subscribe for More Information
12:59 EDTGOOGEarnings Watch: Tax questions linger into Yahoo Q2 report
Subscribe for More Information
10:50 EDTVMWVMware technical notes ahead of earnings news
Subscribe for More Information
09:06 EDTGOOGADT Corp. announces partnership with Nest Labs
Subscribe for More Information
09:00 EDTEMCEMC July weekly volatility elevated into Q2 and outlook
Subscribe for More Information
08:05 EDTVMWVMware July weekly volatility elevated into Q4 and outlook
Subscribe for More Information
07:52 EDTHPQHP announces renewable energy agreement with SunEdison
Subscribe for More Information
07:45 EDTAMZN, GOOGSell PayPal amid mounting payments competition, Piper says
Shares of PayPal (PYPL) advanced over 5% yesterday in the stock's first day of trading following a split from eBay (EBAY), with the majority of research firms issuing optimistic notes on its prospects. This morning, however, analyst Gene Munster of Piper Jaffray recommends selling the share as competition grows in the digital payments space. BEARS: Munster started shares of PayPal with an Underweight rating, the firm's equivalent of a "Sell," saying increased competition could pressure the stock's multiple over the next 6-24 months. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in his research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal. Of note, Evercore ISI also started coverage of PayPal shares yesterday with a Sell rating. BULLS: Wells Fargo initiated coverage of PayPal yesterday with an Outperform rating, saying the company's unique assets will enable it to maintain its leadership role in digital payments and benefit from the growth of e-commerce. Also upbeat was Robert W. Baird analyst Colin Sebastian, who contends that PayPal has the top pure play online payment system and is continuing to grow its share of the Internet payment market. PayPal should be able to innovate more effectively after its spin-off, added the analyst, who set a $45 price target on the shares. PRICE ACTION: Shares of PayPal are pointing toward further gains in their second day of standalone trading, with the stock up about 2.7% to $41.55 in pre-market trading.
07:36 EDTGOOGGoogle shutting down Google+ Photos beginning August 1
Google said in a blog post, "In May, we launched Google Photos as the home for all your photos and videos. With Google Photos you can store unlimited high quality photos and videos for free, find photos fast, and see them organized by what matters to you. Plus, you can bring moments to life and share anywhere with anyone. In an effort to ensure everyone has the best photos experience we can deliver, on August 1st we’ll start to shut down Google+ Photos -- initially on Android, and soon thereafter on the Web and iOS. If you’re still using Google+ Photos, now is a great time to make the switch. You may have seen a prompt in Google+ Photos on Android with a link to download the new Google Photos. Don’t worry, all your photos and videos will still be saved and available after you switch to the new, stand-alone Google Photos app. With the new app you’ll still be able to backup, edit, and share your photos and videos, with unlimited storage, automatic organization, and more." Reference Link
06:19 EDTGOOG, HPQSilicon Valley giants side with Samsung in battle with Apple, InsideSources says
Subscribe for More Information
05:34 EDTAMZN, GOOGPayPal initiated with an Underweight at Piper Jaffray
Piper Jaffray analyst Gene Munster started shares of PayPal (PYPL) with an Underweight rating saying increased competition could pressure the stock's multiple over the next 6-24 months. Underweight is Piper's equivalent of a sell rating. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in a research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal, which began trading yesterday following a spinoff from parent company eBay (EBAY). Shares of the online payment system closed Monday up $2.08 to $40.47.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use