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Stock Market & Financial Investment News

News Breaks
March 28, 2014
11:21 EDTIBM, RHT, ORCL, MSFTRed Hat slides after profit outlook trails estimates
Shares of open source software provider Red Hat (RHT) are falling after the company’s first quarter and fiscal 2015 profit views trailed analysts’ consensus estimates. WHAT'S NEW: Last night, Red Hat reported Q4 earnings per share of 39c and revenue of $400M, against consensus views of 37c and $398.92M, respectively. WHAT’S NOTABLE: The company forecast Q1 EPS of 32c-33c, trailing estimates of 38c. Q1 revenue was seen at $412M-$415M, compared to consensus of $415.9M. For FY15, Red Hat sees EPS of $1.54-$1.56, versus consensus of $1.63, while FY15 revenue is expected to be $1.73B-$1.755B, compared to consensus $1.76B. ANALYST REACTION: This morning, despite the weak profit guidance, analyst commentary was positive. Oppenheimer said that Red Hat reported strong results, and the firm thought that sentiment towards the company had already bottomed. Oppenheimer believed the company has several positive FY15 catalysts, and argued that the company is in "a renaissance." It kept an Outperform rating on the shares. Morgan Stanley said Red Hat's billings growth is accelerating and remained confident in its FY15 growth outlook of 14%. The firm said the April 16 analyst day should provide increased visibility into emerging businesses and remained a buyer of shares The firm rated Red Hat an Overweight with a $69 price target. PRICE ACTION: In morning trading, Red Hat fell $3.23, or about 5.75%, to $52.90 on heavy volume. Including today’s fall, the stock has gained approximately 5% over the past twelve months. OTHERS TO WATCH: Others in the software industry include Microsoft (MSFT), Oracle (ORCL), and IBM (IBM).
News For RHT;MSFT;ORCL;IBM From The Last 14 Days
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December 11, 2014
19:34 EDTMSFTMicrosoft Xbox One outsells Sony PS4, Engadget reports
Microsoft's (MSFT) Xbox One was the best selling console for November, beating Sony's (SNE) PlayStation 4, according to Microsoft, citing data from NPD Group. Prior to November, the PlayStation 4 had been the best selling console for almost a year. According to the NPD data, console sales are up in general, with hardware unit-sales increasing by 3% over last November. Reference Link
16:20 EDTMSFTMicrosoft to now accept bitcoin
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13:26 EDTMSFTMicrosoft to reveal Windows 10 features at January 21 event, Re/code reports
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13:19 EDTMSFTMicrosoft dropped by Ford for in-car sync system, Re/code reports
Ford's (F) Sync 3 in-car entertainment and mapping system will use a version of BlackBerry's (BBRY) QNX operating system, replacing Microsoft (MSFT) technology that had been used in the prior two versions, Re/code reports. The QNX-powered system adds more features, including a capacitive touch screen and the ability to get software updates over Wi-Fi. Ford said in a statement that its "hardware and software decisions were based on identifying the technology that would best meet the expectations for performance by our customers." Reference Link
10:20 EDTMSFTMicrosoft acquires HockeyApp, terms not disclosed
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10:17 EDTMSFTCiti upbeat on Google in face of pending Apple decision on Safari
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08:53 EDTMSFTBritain lays out details for proposed 25% 'Google Tax,' WSJ reports
U.S. technology giants such as Google (GOOGL, GOOG), Facebook (FB), Microsoft (MSFT) and Apple (AAPL) have come under fire in Britain for the relatively small corporate taxes they pay there and the U.K. government detailed plans for a new 25% tax on profits of multinational technology and other companies, reported The Wall Street Journal. Reference Link
08:09 EDTMSFTGoogle shares pricing in loss of Apple search deal, says Citigroup
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December 10, 2014
09:22 EDTMSFTMicrosoft management to meet with Pacific Crest
Meeting to be held on the West Coast on December 12 hosted by Pacific Crest.
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.
08:36 EDTIBMApple, IBM deliver first wave of IBM MobileFirst for iOS apps
Apple (AAPL) and IBM (IBM) have delivered the first wave of IBM MobileFirst for iOS solutions in a new class of made-for-business apps and supporting cloud services that bring IBM’s big data and analytics capabilities to iPhone and iPad users in the enterprise. IBM MobileFirst for iOS solutions are now available to enterprise customers in banking, retail, insurance, financial services, telecommunications and for governments and airlines, thanks to an unprecedented collaboration between Apple and IBM. IBM clients today announcing support for IBM MobileFirst for iOS solutions include: Citi, Air Canada, Sprint and Banorte.
08:16 EDTIBMBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link
December 9, 2014
06:27 EDTMSFTSamsung, white-box makers to benefit from Microsoft Mobile exit, DigiTimes says
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December 8, 2014
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 company’s 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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10:00 EDTRHTOn The Fly: Analyst Downgrade Summary
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08:14 EDTRHTRed Hat downgraded at Wells Fargo
As noted earlier, Wells Fargo downgraded Red Hat to Market Perform from Outperform. The firm downgraded the stock based on valuation. Target $64-$68.
05:54 EDTRHTRed Hat downgraded to Market Perform from Outperform at Wells Fargo
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