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News Breaks | | | | August 12, 2012 | | 20:22 EDT |  | SAP, MLNX, FIO, CVLT, NTAP, EMC, QLIK, INFA, TDC, TIBX, ORCL, BLOX | 'Big data' plays may take a breather, Barron's says
Barron's Technology Trader columnist Tiernan Ray contends that and stocks that play off "Big Data" are likely to take a breather -- given a quite substantial run-up in some of their shares, and given some lofty valuations. The companies include public outfits such as software giants SAP (SAP) and Oracle (ORCL), smaller software stalwarts such as Tibco (TIBX), Teradata (TDC), and Informatica (INFA), upstart software makers such as Qlik Technologies (QLIK), and hardware vendors such as EMC (EMC), NetApp (NTAP), CommVault (CVLT), Fusion-io (FIO), Mellanox Technologies (MLNX), InfoBlox (BLOX); as well as private companies such as Coraid, Nimble Storage, memSQL and DataStax, among others. The average forward earnings multiple of this group is 45x -- with some of the better performers getting a substantial premium in a 'no-growth' era of computing, Ray says. Mellanox has been the standout, rising almost threefold this year -- one of the few to show real revenue momentum from the big-data movement. If the company can't come up with another similar acceleration in revenue -- it may be time for the stock to relax, Ray says. Some of the names here have appreciated without appreciable improvements in outlook -- such as: EMC (EMC) as its revenue estimate has slipped slightly. Fusion-io has actually been one of the laggards this year -- which leaves the company little room to disappoint. Reference Link | |
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News For SAP;ORCL;TIBX;TDC;INFA;QLIK;EMC;NTAP;CVLT;FIO;MLNX;BLOX From The Last 14 Days Check below for free stories on SAP;ORCL;TIBX;TDC;INFA;QLIK;EMC;NTAP;CVLT;FIO;MLNX;BLOX the last two weeks. |
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| May 17, 2013 | | 15:36 EDT |  | NTAP | NetApp May weekly volatility elevated at 61 into Q4
 Subscribe for More Information | | | 11:04 EDT | | FIO | Fusion-io calls June active on renewed takeover chatter
Fusion-io June 16 and 18 calls are active on total call volume of 2,800 contracts (520 puts). June call option implied volatility is at 62, September is at 60, December is at 54; compared to its 26-week average of 55 according to Track Data. Active call volume suggests traders taking positions for larger price movement following renewed takeover chatter. | | | 10:21 EDT |  | FIO | Rumor: Fusion-io moves off lows on renewed takeover chatter
Subscribe for More Information | | | 08:10 EDT |  | QLIK | Qlik Technologies data remains positive, says BMO Capital
After conducting checks, BMO Capital believes that data points for Qlik and the business intelligence 2.0 sector remain positive. The firm thinks the company will benefit from several big trends, and it keeps an Outperform rating on the stock. | | | 07:54 EDT | | NTAP | NetApp investment thesis continues to play out, says Brean Capital
Brean Capital believes its buy thesis on NetApp continues to play out as expected and expects the company can achieve current Street estimates and manage operating expenses in the near-term. Shares are Buy rated with a $42 price target. | | | 05:48 EDT |  | BLOX | Infoblox initiated with a Buy at Needham
Subscribe for More Information | | | May 16, 2013 | | 14:34 EDT |  | NTAP | NetApp spikes higher on Elliott Management stake news
Subscribe for More Information | | | 14:29 EDT | | EMC | EMC spikes higher, levels to watch
Subscribe for More Information | | | 12:24 EDT |  | NTAP | On The Fly: Midday Wrap
The S&P 500 was virtually unchanged at midday following a deluge of domestic economic data this morning. The S&P began the session in negative territory, but only moderately lower, after investors received a host of data prior to the open, including reports on jobless claims, consumer prices, and housing starts. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares advanced 12% to lead the blue chip index after the company's results beat expectations on the top and bottom lines and prompted price target increases at several analyst firms. Wal-Mart, in contrast, lagged all Dow names, sliding 2% after its earnings for the just ended quarter and its view of the current quarter missed the consensus forecast... After the closing bell, Tesla Motors (TSLA) said it intends to raise about $830M by offering 2.7M common shares and $450M in convertible senior notes. CEO Elon Musk will buy $100M worth of the stock and debt, the company said, and its recently high-flying shares rose another 6%. MAJOR MOVERS: Among the notable gainers rising following Cisco's better than expected results and commentary were Ciena (CIEN), which rose 8%, and Cavium (CAVM), which advanced 4%. Also higher were shares of NetApp (NTAP), which gained over 6% after Bloomberg said activist investor Elliott Management has taken a stake in the company and is pushing its board to explore ways to boost shareholder value. Among the noteworthy losers were Oncothyreon (ONTY), which fell 20%, and Biomarin (BMRN), down 5%, after both pharmaceutical companies, among a number of others, published data to be presented at ASCO, an annual meeting of oncologists. Also lower was AMD (AMD), which declined 14% following a downgrade to Sell at Goldman Sachs. INDICES: Near noon, the Dow was up 12.47, or 0.08%, to 15,288.16; the Nasdaq was up 8.74, or 0.25%, to 3,480.36; and the S&P 500 was nearly flat at 1,658.80. | | | 11:40 EDT | | NTAP | Activist fund Elliott takes stake in NetApp, Bloomberg reports
Subscribe for More Information | | | | 11:28 EDT | | NTAP | NetApp calls active on report of activist stake into Q4
NetApp May and June 38 total calls are active on total call volume of 13K contracts (6K puts). May weekly call option implied volatility is at 76, June is at 40, September is at 29; compared to its 26-week average of 35 according to Track Data. Active call volume suggests traders taking positions for large near term price movement into the expected release of Q4 results on May 21 and Bloomberg says activist Elliott takes stake. | | | 11:18 EDT |  | NTAP | NetApp jumps 5% after Bloomberg says activist Elliott takes stake
Subscribe for More Information | | | 11:17 EDT | | NTAP | Elliott takes NetApp stake, pushes for board changes, Bloomberg reports
| | | 07:26 EDT |  | EMC | JPMorgan to host a conference
41st Annual Global Technology, Media & Telecom Conference is being held in Boston on May 14-16 with webcasted company presentations to begin on May 16 at 8 am; not all company presentations may be webcasted. Webcast Link | | | May 15, 2013 | | 16:15 EDT | | MLNX | Mellanox acquires Kotura for $82M cash
Subscribe for More Information | | | 12:19 EDT | | TDC | Teradata management to meet with Jefferies
Subscribe for More Information | | | 11:48 EDT | | ORCL | Appaloosa reports new stakes in Comcast, Ashland, sells Oracle
David Tepper's Appaloosa in its quarterly filing report new positions in Comcast (CMCSA), Prudential (PRU), Hess Corp. (HES), Check Point (CHKP), KBR (KBR) and Ashland (ASH). The fund sold its stakes in Oracle (ORCL) and Noble Corp. (NE). Appaloosa's top position is in Citigroup (C), with a stake worth over $376.9M. | | | 11:28 EDT | | ORCL | David Tepper's Appaloosa liquidates stake in Oracle
Subscribe for More Information | | | 09:05 EDT | | SAP | CSC expands partnership with SAP
Subscribe for More Information | | | May 14, 2013 | | 17:48 EDT | | INFA | Lone Pine gives quarterly update on stakes
NEW STAKES: Valeant Pharmaceuticals (VRX), Virgin Media (VMED), Thermo Fisher Scientific (TMO), CME Group (CME), and Liberty Media (LMCA). INCREASED STAKES: Mead Johnson Nutrition (MJN), News Corp (NWSA), Intuitive Surgical (ISRG), Monsanto (MON), and Qualcomm (QCOM). DECREASED STAKES: Cognizant Technology Solutions (CTSH), Equinix (EQIX), Ralph Lauren (RL), Disney (DIS), and Oceaneering International (OII). LIQUIDATED STAKES: Facebook (FB), Crown Castle (CCI), Accretive Health (AH), Informatica (INFA), and NetEase (NTES). | | |
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