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Stock Market & Financial Investment News

News Breaks
February 13, 2013
15:42 EDTVMW, BCOV, RAX, ARUNCloud 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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February 23, 2015
10:17 EDTRAXOptions with decreasing implied volatility
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February 20, 2015
10:30 EDTRAXOptions with decreasing implied volatility
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February 19, 2015
08:48 EDTVMWVMware to hold a conference call with Jefferies
Jefferies Analyst John DiFucci co-hosts a conference call to discuss the VMware vSphere 6 and VMware Integrated OpenStack (VIO) on February 19 at 12 pm. Webcast Link
February 18, 2015
15:44 EDTRAXRackspace CEO says lightest quarter is usually Q1
The Rackspace CEO is speaking on CNBC.
10:05 EDTRAXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Agnico Eagle (AEM) upgraded to Overweight from Neutral at JPMorgan... Amarin (AMRN) upgraded to Buy from Neutral at SunTrust... Capital Product (CPLP) upgraded to Accumulate from Neutral at Global Hunter... Carlyle Group (CG) upgraded to Buy from Neutral at Citigroup... Danone (DANOY) upgraded to Neutral from Underperform at Exane BNP Paribas... Express (EXPR) upgraded on lower promotional activity at Piper Jaffray... Kforce (KFRC) upgraded to Outperform from Market Perform at Avondale... Legg Mason (LM) upgraded to Buy from Hold at Jefferies... Rackspace (RAX) upgraded following Q4 results at Pacific Crest... Rosetta Resources (ROSE) upgraded to Buy from Neutral at Global Hunter... SeaChange (SEAC) upgraded to Buy from Hold at Noble Financial... Valero (VLO) upgraded to Outperform from Neutral at Credit Suisse... Veeco (VECO) upgraded to Buy from Hold at Noble Financial... Wolverine World Wide (WWW) upgraded to Neutral from Underperform at Sterne Agee.
08:28 EDTRAXRackspace price target raised to $57-$60 from $50-$52 at Wells Fargo
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08:19 EDTRAXRackspace upgraded following Q4 results at Pacific Crest
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07:38 EDTVMWVMware named a Franchise Pick at Jefferies
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06:21 EDTRAXRackspace upgraded to Outperform from Sector Perform at Pacific Crest
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February 17, 2015
18:36 EDTRAXOn The Fly: After Hours Movers
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18:17 EDTRAXJANA Partners gives quarterly update on stakes
NEW STAKES: NCR (NCR), Liberty Ventures (LVNTA), Solarcity (SCTY), Computer Sciences Corp (CSC), Salix (SLXP), and Applied Materials (AMAT). INCREASED STAKES: Hertz (HTZ), Valeant (VRX), Walgreens Boots Alliance (WBA), Rackspace (RAX), and HD Supply (HDS). DECREASED STAKES: AIG (AIG), Actavis (ACT), Charter (CHTR), AerCap (AER), and Energy Transfer Equity (ETE). LIQUIDATED STAKES: Equinix (EQIX), Cameron International (CAM), Dollar General (DG), QEP Resources (QEP), and Amgen (AMGN).
17:13 EDTVMWPoint72 gives quarterly update on stakes
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16:17 EDTRAXRackspace falls after earnings, levels to watch
Shares are down over 6% in the extended session to $46.85 following results. At that price next support is at $45.51. Resistance is at $47.29.
16:04 EDTRAXRackspace sees FY15 revenue $2B-$2.1B, consensus $2.08B
Sees FY15 revenue to grow between 14%-18% on a constant currency basis. Based on foreign currency movements to date, Rackspace anticipates a 200 basis point headwind to revenue growth for the full year of 2015, resulting in GAAP revenue in the range of $2.0B-$2.1B. The company expects adjusted EBITDA margins to be between 33%-36% for the year.
16:03 EDTRAXRackspace sees Q1 revenue $477M-$484M, consensus $490.51M
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16:02 EDTRAXRackspace reports Q4 EPS 26c, consensus 19c
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15:32 EDTRAXNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Devon Energy (DVN), consensus $1.05... Vornado Realty (VNO), consensus $1.23... Analog Devices (ADI), consensus 61c... FirstEnergy (FE), consensus 75c... CF Industries (CF), consensus $5.08... Agilent Technologies (A), consensus 41c... Cimarex Energy (XEC), consensus 82c... Flowserve (FLS), consensus $1.13... Fossil (FOSL), consensus $3.07... Rackspace (RAX), consensus 19c... Norwegian Cruise Line (NCLH), consensus 37c... Jack in the Box (JACK), consensus 87c... Cloud Peak Energy (CLD), consensus 7c... La-Z-Boy (LZB), consensus 38c... KAR Auction Services (KAR), consensus 29c... Owens & Minor (OMI), consensus 50c... Valmont Industries (VMI), consensus $1.65... Realty Income (O), consensus 66c.
15:09 EDTRAXRackspace February 50 straddle priced for 8.4% movement into Q4
10:28 EDTRAXJANA Partners reports 5.6% passive stake in Rackspace
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07:33 EDTRAXRackspace volatility elevated into Q4 and outlook
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