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Stock Market & Financial Investment News

News For DELL;PLXS;MU;SCSC;SNX;AMD;TECD;IM;CTXS;EMC;FLEX From The Last 14 Days
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April 9, 2015
16:17 EDTCTXSCitrix to resume trading at 4:35 pm ET
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16:09 EDTCTXSCitrix lowers Q1 EPS view to 63c-65c from 70c-72c, consensus 72c
Lowers Q1 revenue guidance to $755M-$760M from $780M-$790M, consensus $786.76M. Mark Templeton, president and CEO for Citrix stated, “We are disappointed with our Q1 results, but fully committed to the financial, operational and strategic initiatives announced last quarter. We underestimated the impact caused by our restructuring, organizational evolution, and changes to our field and channel strategies, which were the result of important decisions made to get the business ready for our next phase of growth. Additionally, the increase in foreign exchange volatility impacted results and customer-buying behavior to a larger extent than anticipated in the quarter. We are continuing to optimize our business model and our focus on improving margins remains unchanged.”
10:32 EDTMUOptions with decreasing implied volatility
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10:00 EDTEMC, CTXSOn The Fly: Analyst Downgrade Summary
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09:14 EDTCTXSCitrix downgraded to Underperform from Neutral at BofA/Merrill
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08:27 EDTEMCEMC downgraded at FBN Securities
As previously reported, FBN Securities downgraded EMC to Sector Perform from Outperform, stating that its Q1 storage checks were surprisingly weak. The firm said feedback provided for the negative data points included storage bit demand growth being hurt by cloud movement and data duplication and compression; reports of increased allocation by IT managers towards security; and negative notes about the competitive environment. The firm believes EMC's annual guidance was already aggressive and the FX impact will be worse than guided in the January outlook. FBN Securities lowered EMC's price target to $27 from $30.
08:02 EDTEMCEMC downgraded to Sector Perform from Outperform at FBN Securities
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April 8, 2015
11:22 EDTMUOptions with decreasing implied volatility
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11:07 EDTMUOptions with decreasing implied volatility
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10:16 EDTEMCEMC calls active amid speculation of an activist investor stake
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10:10 EDTEMCRumor: EMC moves up amid speculation of an activist investor stake
April 7, 2015
16:55 EDTEMCXerox upgraded to Buy ahead of Q1 results at Citigroup
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15:45 EDTCTXSCitrix agrees to buy cloud-based telephony solution provider Grasshopper
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11:09 EDTMUOptions with decreasing implied volatility
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10:47 EDTCTXSCitrix could be targeted after Informatica deal, says Stifel
Stifel views Citrix (CTXS) as an "interesting name" for the rest of the year and thinks activist investors could get involved if the company's turnaround does not progress quickly enough. The firm calculates that, using a similar take out multiple to what is being paid for peer Informatica (INFA), equates to a $110 price for Citrix. The firm also believes Teradata (TDC) could be viewed as a potential takeout candidate after the deal for Informatica, noting that a takeout premium in line with Informatica’s would yield a price of about $55 per share for Teradata. Stifel has a Buy rating on Citrix and Hold rating on Teradata.
10:43 EDTCTXSInformatica rises after agreeing to be taken private for $48.75 per share
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09:19 EDTFLEXFlextronics to manufacture solar modules for SunEdison
Flextronics (FLEX) announced that it has been selected to partner with SunEdison (SUNE) to manufacture its solar modules—this time, in Mexico. SunEdison is the world's largest renewable energy development company and these solar modules will be primarily used in the USA for residential, utility and commercial photovoltaic projects. Flextronics will begin the full volume manufacturing in the Q1 of FY15 at its center of excellence for solar module manufacturing facility in Ciudad Juarez, Mexico.
09:05 EDTMUMicron management to meet with Oppenheimer
Meeting to be held in Texas on April 13 hosted by Oppenheimer.
06:31 EDTFLEXCiti sees currency driving guidance cuts in technology supply chain
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05:59 EDTMUMicron implied volatility of 23 at lower end of index mean range
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