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Stock Market & Financial Investment News

News Breaks
February 13, 2013
15:42 EDTRAX, VMW, ARUN, BCOVCloud computing stocks lower after Rackspace Q4 results disappoint
A number of names associated with the cloud computing space are trading lower after Rackspace (RAX) reported Q4 results that missed analyst expectations last night. Rackspace, an open cloud company that offers enterprise-level hosting services to businesses, reported Q4 EPS of 21c against analyst estimates of 22c, on revenue of $352.9M against analyst estimates of $355.42M. Although revenue rose 25% in Q4 year over year, the rate of growth is seen as decelerating for the company. Stifel Nicolaus downgraded the company this morning to Hold from Buy, citing the slowdown in growth. In late day trading, Rackspace is down over 20% to $59.87. Other cloud computing names trading lower today include Brightcove (BCOV), down 1.6% to $6.74; Aruba Networks (ARUN), down 4.7% to $21.16; and VMware (VMW), down 3.08% to $74.35.
News For RAX;VMW;ARUN;BCOV From The Last 14 Days
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August 22, 2014
13:09 EDTRAXHP has no interest in buying Rackspace, Re/code reports
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10:55 EDTRAXRackspace rallies 3%, or 86c, to $34.24
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10:34 EDTRAXRackspace management to meet with JMP Securities
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08:12 EDTARUNAruba Networks shares should be bought into results, says Pacific Crest
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07:28 EDTARUNAruba Networks volatility flat into Q2 and revenue outlook
Aruba Networks September call option implied volatility is at 55, October is at 48, January is at 45; compared to its 26-week average of 47 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on August 26.
August 21, 2014
09:46 EDTRAXRackspace management to meet with JMP Securities
Group luncheon with management will be held in San Francisco on August 21 hosted by JMP Securities.
August 20, 2014
16:07 EDTVMWVMware acquires CloudVolumes, terms undisclosed
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August 19, 2014
12:45 EDTRAXRackspace advances after Blue Harbour takes activist stake
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12:21 EDTRAXRackspace rises on activist stakes, levels to watch
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09:07 EDTRAXOn The Fly: Pre-market Movers
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08:35 EDTRAXRackspace may adopt more shareholder friendly structure, says Wells Fargo
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08:11 EDTVMWVMware promotes Betsy Sutter to SVP, Chief People Officer
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08:09 EDTVMWVMware updates executive responsibilities
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August 18, 2014
18:21 EDTRAXOn The Fly: After Hours Movers
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17:41 EDTRAXBlue Harbour looks forward to ongoing dialogue with Rackspace on alternatives
Blue Harbour Group, which reported that it owns approximately 9.1M shares or 6.4% of Rackspace Hosting, issued the following statement: Todd R. Marcy, a Managing Director of Blue Harbour, stated, "Rackspace has built an incredibly valuable business with excellent long-term prospects that we believe are not reflected in the company's current share price. We believe the Board and management team are committed to closing this significant valuation gap. We look forward to a constructive, ongoing dialogue on the various alternatives Rackspace has to unlock and deliver meaningful shareholder value, whether as a standalone independent entity or pursuant to the current strategic review process."
16:43 EDTRAXBlue Harbour reports 6.4% stake in Rackspace
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16:30 EDTRAXActivist investor Blue Harbour builds Rackspace stake to 6.5%, WSJ says
Activist investor Blue Harbour Group which is known for holding talks with companies rather than "public fights," has accumulated a 6.5% stake in Rackspace, says the Wall Street Journal. Rackspace, a cloud-computing company, has lately been reviewing its strategic options, added the Wall Street Journal. Reference Link
08:47 EDTRAXRaymond James to hold a summit
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August 15, 2014
10:41 EDTRAXOptions with decreasing implied volatility
Options with decreasing implied volatility: ARWR ICPT UVXY MNKD KING VIX SVXY VXX RAX OPK
06:02 EDTRAXStocks with implied volatility movement; RAX HTZ
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