New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 2, 2014
08:57 EDTEMC, IBM, CSCO, HP, CTL, RAXRackspace may be putting pressure on potential buyers, says Wells Fargo
Wells Fargo finds it possible that Rackspace (RAX) could be considering a move to go private as reported this morning by TechCrunch, but it finds it more likely that the company is trying to put pressure on potential buyers. Wells notes that TechCrunch sources stated Rackspace received bids from HP (HP) and IBM (IBM), and that the article also listed CenturyLink (CTL), Cisco (CSCO), Dell and EMC (EMC) as other potential bidders. The firm says a going private transaction is possible for Rackspace given the strength of its balance sheet. Wells has an Outperform rating on the stock.
News For RAX;HP;IBM;CTL;CSCO;EMC 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 >>
August 28, 2015
07:17 EDTCSCOCoomunication tech stock drop likely a buying opportunity, says Wells Fargo
Subscribe for More Information
August 27, 2015
13:49 EDTIBMIBM volatility elevated on wide price movement
IBM current 30-day call option implied volatility is at 23, compared to a one-month ago level of 18, suggesting large price movement.
August 26, 2015
16:26 EDTEMCOn The Fly: Top stock stories for Wednesday
Subscribe for More Information
15:27 EDTEMCVMware falls after report EMC board weighing downstream merger proposal
Subscribe for More Information
12:47 EDTEMCOn The Fly: Top stock stories at midday
Subscribe for More Information
12:08 EDTEMCEMC Federation departures suggest changes coming, says Raymond James
Subscribe for More Information
11:50 EDTEMCEMC-VMware report shows board knows status quo 'not an option,' says Wells Fargo
After Re/code's Arik Hesseldahl reported that EMC's (EMC) board is "actively considering" a downstream merger proposal under which it would be acquired by VMware (VMW), Wells Fargo analyst Maynard Um said he views the most important takeaway to be that the board views maintaining the status quo as "not an option" amid the rapid shift in the industry. Um thinks an EMC buy-in of VMware, which the report contends is the preferred option of EMC CEO Joe Tucci, presents a cleaner path with less variables but says that in either case it "seems clear that something will happen," which he views as a positive.
10:00 EDTHPOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:25 EDTEMCOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Abercrombie & Fitch (ANF), down 15.1%... Express (EXPR), up 9.8%... Frontline (FRO), up 10.4%... Chico's FAS (CHS), up 9.3%. ALSO HIGHER: Oshkosh (OSK), up 11.9% after being awarded a $6.7B contract by the U.S. Army... EMC Corporation (EMC), up 5.8% after Re/code reported that the board is considering a VMware (VMW) downstream merger proposal... Google (GOOG), up 4.6% after being upgraded to Conviction Buy from Neutral at Goldman... Ford (F), up 2.4% after Bloomberg reported that the company is considering returning production of Bronco and Ranger to the U.S. NOTABLE: Cameron International (CAM), up 45.4% after announcing that it will be acquired by Schlumberger (SLB). Schlumberger is down 1.9%. LOWER: WisdomTree (WETF), down 3.6% after being downgraded to Sell from Buy at Citi... Transocean (RIG), down 3.4% after proposing to cancel Q3 and Q4 dividends.
08:58 EDTHPHelmerich & Payne upgraded to Neutral from Underweight at JPMorgan
Subscribe for More Information
08:40 EDTIBMIBM upgraded to Buy at Argus on valuation, easier comps
Subscribe for More Information
08:23 EDTEMCEMC board 'considering' VMware downstream merger proposal, Re/code reports
Subscribe for More Information
07:44 EDTIBMIBM upgraded to Buy from Hold at Argus
Subscribe for More Information
07:01 EDTEMCNimble Storage reported another 'solid' quarter, says Summit Research
Summit Research analyst Srini Nandury called Nimble Storage's (NMBL) quarterly results "solid," highlighting the company's report of strong demand, higher deal sizes and addition of an all-time high 690 new customers. The firm, which said it expects Nimble to gain share from both EMC (EMC) and NetApp (NTAP) "in short order," reiterates its Buy rating and $40 price target on Nimble shares.
August 25, 2015
09:35 EDTCSCOActive equity options trading on open
Subscribe for More Information
August 21, 2015
16:01 EDTEMCOptions Update; August 21, 2015
Subscribe for More Information
12:13 EDTIBM, CSCOBrocade soars after Q3 results top estimates
Subscribe for More Information
06:01 EDTIBMABI Research: Portable PC sales to remain flat in 2015, DigiTimes says
Subscribe for More Information
August 20, 2015
18:07 EDTIBMBrocade seeing pressure in server business due to IBM-Lenovo deal
Brocade (BRCD) says "where we've really seen pressure has been in our server related business," due to market conditions as well as divestiture of IBM's (IBM) commodity business to Lenovo (LNVGY). Says growth of flash storage continues to be one of the "most disruptive" factors in data center. Comments taken from Q3 earnings conference call.
14:39 EDTEMCEarnings Watch: Hewlett-Packard reports ahead of company split
Subscribe for More Information
1 | 2 | 3 >>

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