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Stock Market & Financial Investment News

News Breaks
May 6, 2014
08:09 EDTSAP, VMWSAP Hana platform on VMware vSphere 5.5 released to customers
SAP (SAP) and VMware (VMW) announced that the SAP HANA platform on VMware vSphere 5.5 for production use has been released to customers. By combining the power of SAP HANA with VMware vSphere 5.5, a foundational component of VMware vCloud Suite, customers can innovate and simplify their data centers by achieving faster time-to-value, higher service levels and lower total cost of ownership.
News For SAP;VMW From The Last 14 Days
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October 22, 2014
07:49 EDTVMWVMware shares attractive at current levels, says RBC Capital
After VMware reported softer than expected billings and declined to reiterate its previous 2015 guidance, RBC Capital cut its price target on the name to $105 from $120. The firm finds the results disappointing but thinks the stock looks attractive at current levels. It cut its price target on the name to $105 from $120 but keeps an Outperform rating.
07:48 EDTVMWVMware downgraded to Outperform from Strong Buy at Raymond James
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06:41 EDTVMWVMware downgraded to Neutral from Buy at Nomura
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October 21, 2014
18:36 EDTVMWOn The Fly: After Hours Movers
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17:34 EDTVMWVMware reaffirms FY14 revenue guidance $6.0B-$6.04B, consensus $6.03B
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17:32 EDTVMWVMware reaffirms Q4 revenue guidance $1.67B-$1.71B, consensus $1.71B
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16:04 EDTVMWVMware reports Q3 EPS 87c, consensus 83c
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14:34 EDTVMWEarnings Preview: EMC reports after HPQ merger talks said to end
EMC Corporation (EMC) is expected to report third quarter earnings before the bell on Wednesday, October 22, with a conference call scheduled for 8:30 am ET. EMC provides software, hardware and IT services to business customers through its three federated businesses: EMC Information Infrastructure, Pivotal and VMware Virtual Infrastructure, which is represented by EMC’s majority equity stake in VMware (VMW). VMware is expected to report on its own third quarter results after the bell on Tuesday, October 21, with a conference call scheduled for 5:00 pm ET. EXPECTATIONS: For EMC, analysts are looking for earnings per share of 46c on revenue of $6.0B. The consensus range is 44c-49c for EPS and $5.91B-$6.16B for revenue, according to First Call. Along with its last earnings report, EMC raised its FY14 adjusted EPS view to $1.91 from $1.90 and guided to FY14 revenues of $24.58B. Analysts consensus for FY14 EPS and revenue currently stand at $1.91 and $24.55B. For VMware, analysts are looking for earnings per share of 83c on revenue of $1.5B. The consensus range is 81c-85c for EPS and $1.48B-$1.52B for revenue, according to First Call. LAST QUARTER: EMC reported Q2 adjusted EPS of 43c, which matched the consensus expectation. EMC's revenue of $5.9B came in slightly ahead of the $5.83B consensus projection. EMC also accelerated its 2014 share buyback plan, stating that it now expects to repurchase an aggregate of $3B of the company's common stock in 2014. VMware reported Q2 EPS of 81c, versus consensus of 79c, on revenue $1.46B, versus consensus of $1.44B. NEWS: VMware held its "VMWorld 2014" conference from August 24-28, during which the company updated its 2015 guidance. VMware's guidance for revenue growth in the mid teens percentage level and margin expansion of up to one percentage point is positive, RBC Capital analyst Matthew Hedberg wrote in a note to investors on August 26. The same day Cowen analyst Gregg Moskowitz wrote that VMware's FY15 revenue guidance would "likely weigh modestly" on the stock, even though he was not surprised by the outlook. Less than two weeks ago, Elliott Management sent a letter to the board of directors of EMC Corporation detailing its recommendations on the right path forward for EMC, in which Elliott holds a stake. Elliott believes that EMC’s Federation structure obscures enormous value at the company and that the board and management should pursue pathways to recognize this value, including a separation of VMware from Core EMC and/or various M&A opportunities, Elliott wrote. In response, EMC said its directors regularly review and evaluate the company's strategy with a view towards enhancing shareholder value. "Over the past few months, EMC's leadership has met with representatives of Elliott several times and has listened carefully to their ideas, as we do with all of our shareholders," the company said. Last week, HP (HPQ) announced the resumption of its share repurchase program after Reuters reported the company's merger talks with EMC had ended. HP had suspended the buyback program due to "possession of material non-public information." The tech giant said that day that it is "no longer in possession of such information." During September, Re/code reported, citing sources familiar with Oracle's plans, that the company was not interested in acquiring EMC. Meanwhile, Cisco (CSCO) CEO John Chambers also said last month at a Wall Street Journal breakfast that his company is not among the potential merger partners for EMC. Chambers said a deal between the two companies would have been done a "year or two ago" were it to happen, according to Reuters. STREET RESEARCH: On the day after its last earnings report, Brean Capital raised its price target on EMC to $33 from $30, citing the company's aggressive capital return strategy, encouraging core Storage dynamics and potential pent up demand. Tigress Financial, however, downgraded EMC to Buy from Strong Buy, citing valuation. Additionally, VMware estimated that its total available market would reach more than $60B in 2017, versus its estimate last year of a $50B+ total addressable market by 2016, Moskowitz noted. PRICE ACTION: In afternoon trading, EMC shares are up 1% to $27.22, while VMware is fractionally higher at $87.79. Over the last three months, EMC shares have declined almost 4%, while VMware's stock is down about 5.5% in that same time frame.
13:30 EDTVMWVMware October weekly 88 straddle priced for 7.2% move into Q3
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October 20, 2014
12:09 EDTSAPIBM hits 52 week low after earnings miss, 2015 profit target dropped
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10:38 EDTSAPHigh option volume stocks
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08:44 EDTSAPIBM CEO says recent Apple, SAP deals represent change in partnering strategy
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05:23 EDTSAPSAP cuts FY14 operating profit view to EUR 5.6B-EUR 5.8B from EUR 5.8B-EUR 6B
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05:16 EDTSAPSAP reports Q3 Non-IFRS EPS EUR 0.84 vs EUR 0.78 last year
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October 17, 2014
14:24 EDTVMWVMware October weekly volatility elevated into Q3 and outlook
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October 16, 2014
08:34 EDTVMWVMware and Jasper announce collaboration to streamline enterprise adoption
VMware and Jasper announced a collaboration to make it easy for enterprises to deploy, monitor, manage and secure connected devices across the Internet of Things and enterprise mobility management. The collaboration between VMware and Jasper will aim to give organizations broader control and visibility over their connected devices in the enterprise, and enables them to make smarter, real-time operational decisions. The collaborations are set to be available in 2015.
07:57 EDTSAPSalesforce president lays out vision for quadrupling revenue, WSJ reports
Salesforce (CRM) president and vice chairman Keith Block outlined his plan to grow the company's annual revenue to $20B at the company’s annual Dreamforce conference, said The Wall Street Journal, which noted that Block specifically said, “We want to be bigger than SAP.” Block's strategy involves expansion in new product areas, adding new packages of software tailored to a handful of high-value industries, and expanding sales efforts outside of North America, the Journal reported. Reference Link
October 14, 2014
15:24 EDTSAPIBM, SAP partner to accelerate Enterprise Cloud adoption
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05:51 EDTVMWBrocade announces collaboration with VMware
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October 13, 2014
15:33 EDTSAPSAP announces SAP Cloud for Planning solution
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