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Stock Market & Financial Investment News

News Breaks
May 13, 2014
11:27 EDTRAX, AMZN, MSFTRackspace rallies after results top expectations
Shares of open cloud company Rackspace (RAX) are advancing after the company's first quarter results topped analysts' consensus estimates. WHAT'S NEW: Last night, Rackspace reported Q1 earnings per share of 18c and revenue of $421M, topping expectations of 12c and $419.53M, respectively. WHAT'S NOTABLE: The company forecast Q2 revenue of $434M-$440M, compared to consensus of $435.53M. It also said it was on track to deliver 15%-18% year-over-year revenue growth. The consensus estimate for its FY14 revenue is $1.78B. Rackspace also noted it has no immediate plans for share repurchases. ANALYST REACTION: This morning,research firm Cowen raised its price target on Rackspace to $57 from $52. The firm said the company's margins were above guidance and Cowen expects sentiment to improve as Rackspace launches a more aggressive marketing campaign. Cowen continues to believe the company has a misunderstood story and that its shares offer a compelling risk/reward. Another firm, Stephens, lowered its price target on the shares to $41 from $59 due to multiple compression in the cloud space. However, Stephens said Rackspace reported a "solid" quarter and the firm maintained its Overweight rating on the stock. Wells Fargo thinks the company's slightly better than expected Q2 guidance was positive and keeps an Outperform rating on the stock, but the firm cut its price target range on the shares to $38-41 from $48-$51. PRICE ACTION: In late morning trading, Rackspace rose $2.28, or 8.3%, to $29.81 on more than twice its average daily trading volume. Despite today's advance, the stock is down about 28% over the past twelve months. OTHERS TO WATCH: Rackspace's cloud offerings compete with those of Microsoft's (MSFT) Windows Azure and Amazon's (AMZN) Web Services cloud platform.
News For RAX;MSFT;AMZN From The Last 14 Days
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December 10, 2014
09:20 EDTMSFTTyler Technologies signs agreement with Albermarle County Service Authority
Tyler Technologies (TYL) has signed an agreement with the Albemarle County Service Authority to implement Microsoft Dynamics AX, an enterprise resource planning solution with public sector functionality that Tyler Technologies jointly developed with Microsoft (MSFT). The contract includes implementation and related professional services, support, and training.
08:17 EDTAMZNAmazon.com expected to outperform this holiday season, says Nomura
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06:34 EDTAMZNAmazon's publishing boss to leave company, Seattle Times reports
The boss of Amazon's publishing division is leaving after a little more than a year in the job, The Seattle Times reports, citing a confirmed statement from an Amazon spokeswoman. Daphne Durham was at the company for over 15 years. Mikyla Bruder will assume most of Durhamís responsibilities. Reference Link
06:18 EDTAMZNAmazon's Twitch to acquire GoodGame agency, terms not disclosed
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December 9, 2014
07:55 EDTAMZNAmazon.com continuing to gain share, says Pacific Crest
After conducting a consumer technology survey, Pacific Crest reports that 81% of respondents plan to shop at Amazon this holiday, while 31% plan to do most or nearly all of their online holiday shopping on the website. The firm thinks the company is continuing to gain share and it recommends buying the stock.
06:29 EDTAMZNAmazon warns of moving more drone research abroad, WSJ reports
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06:27 EDTMSFTSamsung, white-box makers to benefit from Microsoft Mobile exit, DigiTimes says
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06:23 EDTAMZNAmazon.com testing faster deliveries through bikes, drones, WSJ reports
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06:16 EDTAMZNAmazon unveils 'Make an Offer' for customers to negotiate lower prices
Amazon.com has announced the "Make an Offer" experience that allows customers to negotiate even lower prices on thousands of items. Expanding on Amazonís traditional fixed price model, the new pricing feature allows customers to offer to buy items at even lower prices. If agreed upon, customers can then purchase the items at a savings from the listed price. To start, more than 150,000 items from sellers on Amazon are enabled with the "Make an Offer" experience across Sports and Entertainment Collectibles, Collectible Coins and Fine Art. The new feature will expand to hundreds of thousands of items from sellers in 2015. The "Make an Offer" feature is not an auction format. All negotiations are 1:1 and private between individual customers and sellers. A seller is able to accept a customerís offer at any time. The intention is to lower prices, and a customer negotiating with a seller will never pay more than the listed price.
05:34 EDTAMZNChannelAdvisor says Amazon November SSS up 35.7%, eBay up 9.8%
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December 8, 2014
16:00 EDTAMZNOptions Update; December 8, 2014
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13:21 EDTMSFTMicrosoft files appeal in case on customer data in Ireland
Microsoft said on its blog that it has filed an appeal in its ongoing case challenging a U.S. government search warrant for customer data stored in Ireland. Microsoft said it filed the appeal after a U.S. district court judge rejected the companyís argument that the warrant is illegal because it calls for the seizure of emails stored outside the United States. Reference Link
12:40 EDTMSFTOn The Fly: Midday Wrap
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10:44 EDTMSFTDigital River grants Microsoft extestion to decide on renewing pact
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10:04 EDTMSFTAccenture and Microsoft launch hybrid cloud platform
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08:50 EDTAMZNAmazon increasing robot fulfilment use faster than expected, says Janney Capital
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06:30 EDTAMZNAmazon's German workers strike again, WSJ reports
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December 5, 2014
16:52 EDTMSFTDow just below 18K as market finishes week with gains
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09:36 EDTAMZNActive equity options trading
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07:46 EDTMSFTCIO survey results favorable for Microsoft, says Pacific Crest
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