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Stock Market & Financial Investment News

News Breaks
March 28, 2014
11:21 EDTORCL, MSFT, IBM, RHTRed 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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August 27, 2015
13:49 EDTIBMIBM volatility elevated on wide price movement
IBM current 30-day call option implied volatility is at 23, compared to a one-month ago level of 18, suggesting large price movement.
13:37 EDTMSFTMicrosoft volatility elevated on wide price movement
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10:06 EDTORCLCiti sees Workday guidance confusion as opportunity to buy
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05:53 EDTMSFTIC demand for notebooks picking up, DigiTimes reports
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August 26, 2015
11:12 EDTMSFTNTT Communications launches Multi-Cloud Connect service
Earlier today, NTT Communications Corporation, the ICT solutions and international communications business within NTT (NTT), announced the launch of Multi-Cloud Connect - an optional feature on NTT Com's Arcstar Universal One that enables enterprises to access third party public cloud services through its high-performance MPLS network for enhanced security and improved connectivity. While enterprise adoption of cloud services continues to accelerate, most of these services are public cloud-based and accessed via the Internet. Inconsistent Internet performance is a major impediment to widespread cloud adoption, especially for MNCs with highly distributed end-users. Multi-Cloud Connect will address these performance issues by connecting the Arcstar Universal One MPLS network directly to public cloud service provider platforms, such as Microsoft (MSFT) Azure and Amazon (AMZN) Web Services, AWS.
11:04 EDTMSFTWindows 10 reaches 75M devices in first month, Bloomberg says
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08:40 EDTIBMIBM upgraded to Buy at Argus on valuation, easier comps
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07:44 EDTIBMIBM upgraded to Buy from Hold at Argus
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06:44 EDTORCLWorkday valuation contingent on competitors in cloud market, WSJ reports
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06:25 EDTMSFTMicrosoft to launch Office for Windows on Sept. 22, Business Insider reports
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August 25, 2015
19:16 EDTORCLTV service Hulu to feature programmatic ads powered by Facebook, Oracle
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11:01 EDTMSFTStocks with call strike movement; MSFT BAC
Microsoft (MSFT) January 48 call option implied volatility decreased 9% to 28, Bank of America (BAC) December 18 call option implied volatility decreased 9% to 29 according to IVolatility.
07:24 EDTORCLRentrak weakness a buying opportunity, says Brean Capital
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August 24, 2015
16:00 EDTMSFTOptions Update; August 24, 2015
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06:34 EDTMSFTIntel leads $100M funding round for Mirantis, WSJ reports
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August 21, 2015
12:18 EDTMSFTMicrosoft to cut up to 2,300 jobs in Finland, Reuters reports
Microsoft (MSFT) will cut up to 2,300 jobs in Finland and close Nokia's (NOK) former handset product development unit in Salo, Reuters reports. The cuts are part of Microsoft's plans to cut 7,800 jobs globally. Microsoft will keep open sites in Espoo and Tampere. Reference Link
12:13 EDTIBMBrocade soars after Q3 results top estimates
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10:37 EDTMSFTAnalysts upbeat on HP ahead of split after earnings beat
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06:01 EDTMSFT, IBMABI Research: Portable PC sales to remain flat in 2015, DigiTimes says
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06:01 EDTMSFTInterDigital sued by Microsoft for violating antitrust law, Reuters reports
Microsoft (MSFT) has filed a lawsuit against InterDigital (IDCC), accusing the company of violating U.S. antitrust law by unfairly licensing its technology, Reuters reports. The suit, filed in federal court in Wilmington, Delaware, is the latest move in the companies' fight over patent licensing. The ITC is set to rule this month on whether Microsoft's smartphones infringe two of InterDigital patents and should be banned from being imported into the U.S. Reference Link
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