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March 5, 2014
09:55 EDTIBM, RHT, HPQRed Hat distribution of Linux at risk from crypto bug, ars technica says
Open source packages, including the Red Hat (RHT), Ubuntu, and Debian distributions of Linux, are susceptible to attacks due to an extremely critical vulnerability in a widely used cryptographic code library, ars technica reported yesterday afternoon. In addition to Red Hat, which maintains its own distribution of Linux, IBM (IBM), HP (HPQ) and Dell use Linux on their servers.
News For RHT;IBM;HPQ From The Last 14 Days
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September 22, 2015
12:14 EDTRHT, HPQOn The Fly: Top stock stories at midday
Stocks began the session deep in negative territory and have remained there throughout the morning. There has been little in the way of buying as the downward pressure in the market has not shown any sign of letting up. There is also little in the way of explanation as to why the market is so weak other than continued disappointment in the Fed's interest rate decision and the ongoing concern over China's economic growth. ECONOMIC EVENTS: In the U.S., the FHFA home price index rose 0.6% to 224.5 in July, which was better than the 0.4% rise that was expected. The Richmond Fed factory index fell to -5 in September, versus the reading of 2 that was expected. COMPANY NEWS: Shares of Groupon (GRPN) slumped 2.5% after the online and mobile deal provider said it plans to cut more than 1,000 jobs relating primarily to the company's international operations. The news is the latest in a recent run of job cut announcements, after HP Enterprise said last week that it expects 25,000-30,000 people to leave the company and Johnson Controls (JCI) recently announced plans to reduce its global salaried workforce by as many as 3,000 people... Lloyd Blankfein, Goldman Sachs (GS) chairman and CEO, disclosed that he was told by doctors that he has lymphoma. "Fortunately, my form of lymphoma is highly curable and my doctors' and my own expectation is that I will be cured," Blankfein stated in an open letter that was shared by the bank. MAJOR MOVERS: Among the notable gainers was Weatherford (WFT), which rose 9.6% after stating that it has decided not to pursue its previously announced concurrent public offerings of ordinary shares of the company and mandatorily exchangeable subordinated notes. Also higher was Vascular Biogenics (VBLT), which gained 15% to around $9.30 per share after the stock was initiated with a Buy rating and $25 price target at Chardan. Among the noteworthy losers following their earnings reports were ConAgra (CAG) and Carnival (CCL), which each fell more than 5%, and Red Hat (RHT), which slid 2%. Also lower were shares of Staples (SPLS) and Office Depot (ODP), which fell 7% and 8%, respectively, after the New York Post said a top FTC regulator may be leaning toward recommending against approving their merger agreement. INDEXES: Near midday, the Dow was down 263.77, or 1.6%, to 16,246.42, the Nasdaq was down 99.52, or 2.06%, to 4,729.44, and the S&P 500 was down 32.51, or 1.65%, to 1,934.46.
10:14 EDTRHTOptions with decreasing implied volatility
Options with decreasing implied volatility: CVC ADXS SRPT ATML YY SCTY OLN ADBE RHT ASNA
10:01 EDTHPQHP acquisition of Stratasys would make sense, says Jefferies
Jefferies noted that HP (HPQ) management, during the company's recent analyst meeting, said they were looking to partner with or acquire a 3D printing company. Analyst Jason North believes a larger acquisition is most attractive, as it would speed HP's time to the market by 1-2 years as the company acquires a sales channel. North said Stratasys (SSYS) makes the most sense given its strong reseller network, FDM jetting, stereolithography and direct metal laser sintering potential, and other technologies. The firm rates Stratasys a Buy with a $44 price target on shares.
07:46 EDTRHTRed Hat remains among best positioned infra-software companies, says UBS
UBS said Red Hat remains one of the best positioned pure-play infra-software companies following its steady Q2 results. The firm said the only blemish on the quarter is its as-reported billings, which the firm notes may bounce around from quarter-to-quarter. UBS is incrementally more positive on Red Hat following its recent pullback and reiterated its Buy rating while lowering its price target on shares to $85 from $88.
07:29 EDTHPQHP coverage assumed with a Neutral at Goldman
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07:20 EDTRHTRed Hat billings can accelerate in 2H15, says RBC Capital
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06:26 EDTRHTRed Hat price target raised to $89 from $85 at JPMorgan
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06:05 EDTRHTRed Hat Q2 results better than they appear, says Jefferies
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September 21, 2015
19:06 EDTHPQMichigan sues HP over alleged failure to deliver on $49M contract
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16:37 EDTRHTRed Hat raises FY16 EPS view to $1.85-$1.87 from $1.81-$1.84, consensus $1.83
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16:25 EDTRHTRed Hat reports Q2 subscription revenue $442M, up 13% year-over-year
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16:24 EDTRHTRed Hat reports Q2 operating cash flow $120M
Operating cash flow was $120M for the second quarter, an increase of 12% on a year-over-year basis. Total cash, cash equivalents and investments as of August 3 was $2B after repurchasing approximately $70M, or approximately 895 thousand shares, of common stock in the second quarter. As of August 31, the remaining balance in the current repurchase authorization was approximately $430M. Deferred Revenue: At quarter end, the company's total deferred revenue balance was $1.41B, an increase of 13% on a year-over-year basis. The negative impact to total deferred revenue from changes in foreign exchange rates was $91M year-over-year. On a constant currency basis, total deferred revenue would have been up 20% year-over-year as detailed in the tables below
16:21 EDTRHTRed Hat sees Q3 EPS 47c, consensus 46c
Sees Q3 revenue $519M-$523M , consensus $513.56M.
16:20 EDTRHTRed Hat sees FY16 EPS $1.85-$1.87, consensus $1.83
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16:17 EDTRHTRed Hat reports Q2 EPS 47c, consensus 44c
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14:57 EDTRHTNotable companies reporting after market close
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12:48 EDTRHTRed Hat technical comments ahead of earnings
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09:17 EDTIBMIBM coverage assumed with a Neutral at Goldman
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07:41 EDTRHTRed Hat remains positioned for continued execution, says UBS
UBS said Red Hat remains positioned for continued execution and is one of the best positioned pure-play infra-software companies. The firm is incrementally more positive following the stock's recent pullback. UBS reiterated its Buy rating and $88 price target on Red Hat shares, citing better than expected Q2 sales, net positive results from its deal pipeline and increased customer interest in its OpenStack product.
September 20, 2015
14:46 EDTHPQCompany split may not end troubles at Hewlett-Packard, Barron's says
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