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Stock Market & Financial Investment News

News Breaks
February 7, 2013
09:02 EDTNTAP, SAPSAP and NetApp announce strategic partnership
SAP (SAP) and NetApp (NTAP) announced they are deepening their collaboration with the intent to support next-generation solutions, including the SAP HANA platform and SAP NetWeaver Landscape Virtualization Management software. By complementing innovative database solutions from SAP with NetApp's storage and data management solutions, the companies are providing customers with an agile data infrastructure for SAP applications that can help drive competitive advantage and reduces cost of ownership.
News For SAP;NTAP From The Last 14 Days
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January 21, 2015
09:19 EDTSAPSAP shares should be bought on weakness, says JMP Securities
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08:07 EDTSAPSAP price target lowered to $75 from $87 at Argus
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January 20, 2015
09:11 EDTSAPOn The Fly: Pre-market Movers
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07:15 EDTSAPSAP not interested in buying competitors Workday, Salesforce, Bloomberg reports
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05:25 EDTSAPSAP reports preliminary Q4 non-IFRS EPS EUR 1.31 vs. EUR 1.28 last year
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January 15, 2015
10:00 EDTSAPOn The Fly: Analyst Upgrade Summary
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06:27 EDTSAPIntel to partner with more IT players for Internet of Things, DigiTimes reports
Intel (INTC) is preparing to team up with more IT firms such as AT&T (T), Verizon (VZ), Cisco (CSCO), SAP (SAP), and Microsoft (MSFT) in order to expand the Internet of Things industry in 2015, reports DigiTimes. According to sources from the upstream supply chain, Intel has been playing an active role in helping Taiwan build its smart city infrastructure and has also cooperated with Chunghwa Telecom to develop the IoT and cloud computing applications. Reference Link
06:10 EDTSAPSAP upgraded to Outperform from Perform at Oppenheimer
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06:07 EDTSAPSAP resumed with a Hold at Deutsche Bank
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January 13, 2015
11:57 EDTNTAPHP rises after PC report despite Pacific Crest downgrade
Shares of personal computer maker Hewlett-Packard (HPQ) are rising after research firm Gartner estimated that worldwide PC shipments had risen 1% last quarter. The advance comes despite research firm Pacific Crest having downgraded HP shares this morning. WHAT'S NEW: Worldwide shipments of PCs increased 1% last quarter, Gartner estimated. "These results indicate a slow, but consistent improvement following more than two years of decline," the firm wrote. The estimate suggests that PCs are not fading into oblivion, as some had predicted. Despite this news, research firm Pacific Crest downgraded HP to Sector Perform from Outperform in a note to investors today. HP is facing increased competition, as a number of companies are buying fewer individual servers and IT storage products, Pacific Crest analyst Brent Bracelin stated. Instead, they are buying integrated IT stacks. Ongoing technological trends could make this option more popular going forward, the analyst believes. Additionally, new data storage systems - including next wave systems with software-defined controls, cloud storage systems, and open sources systems - are growing rapidly and could increase the competitive pressure on HP, the analyst stated. Bracelin is less confident that HP's multiple can expand further going forward, he added. WHAT'S NOTABLE: Bracelin also downgraded NetApp (NTAP) to Sector Perform from Outperform for the same reasons that he cut his rating on HP. The analyst identified Tableau (DATA), F5 Networks (FFIV), Qlik Technologies (QLIK), and Nimble Storage (NMBL) as his favorite names in the IT infrastructure sector. F5 should benefit from earnings and multiple expansion as it carries out its security strategy, while Qlik is well-positioned to generate improved growth and margins, the analyst stated. Tableau and Nimble are poised to report better than expected results as their new products ramp up, Bracelin believes. OTHERS TO WATCH: Other companies that benefit from upbeat PC sales include Intel (INTC), Microsoft (MSFT), and hard disk drive makers Seagate (STX) and Western Digital (WDC). PRICE ACTION: In late morning trading, HP shares climbed 1.5% to $40.50.
10:00 EDTNTAPOn The Fly: Analyst Downgrade Summary
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10:00 EDTSAPOn The Fly: Analyst Upgrade Summary
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09:05 EDTSAPSAP upgraded to Outperform from Market Perform at JMP Securities
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06:44 EDTNTAPNetApp downgraded to Sector Perform from Outperform at Pacific Crest
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06:44 EDTNTAPHP downgraded to Sector Perform from Outperform at Pacific Crest
Pacific Crest downgraded HP (HPQ) to Sector Perform citing valuation and rising competitive risks from hyperconvergence and new datastores. The firm lists Tableau (DATA), F5 Networks (FFIV), lik Technologies (QLIK) and Nimble Storage (NMBL) as its top names to own in the Cloud, Analytics & Data Infrastructure space. Pacific Crest also downgraded also NetApp (NTAP) to Sector Perform citing the same rationale as HP.
06:40 EDTSAPSAP upgraded to Outperform from Market Perform at JMP Securities
January 12, 2015
10:23 EDTSAPSAP jumps 3.5% after resuming trade following Q4 report
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10:12 EDTSAPSAP reports Q4 revenue EUR 5.46B
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09:57 EDTSAPSAP trading halted, pending news
07:35 EDTSAPNational Retail Federation to hold a trade show
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