New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For SCSC;FLEX;TECD;MU;EMC;AMD;PLXS;CTXS;SNX;DELL;IM From The Last 14 Days
Check below for free stories on SCSC;FLEX;TECD;MU;EMC;AMD;PLXS;CTXS;SNX;DELL;IM the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | all recent news | >>
April 23, 2014
19:13 EDTIMOn The Fly: After Hours Movers
Subscribe for More Information
16:37 EDTIMIngram Micro affirms FY14 revenue outlook up low- to mid-single digits
FY14 revenue consensus $43.98B.
16:35 EDTIMIngram Micro sees Q2 revenue up low- to mid-single digits
Subscribe for More Information
16:35 EDTIMIngram Micro reports Q1 adjusted EPS 43c, consensus 48c
Reports Q1 revenue $10.38B, consensus $10.42B.
16:20 EDTCTXSCitrix sees FY14 EPS $2.90-$2.95, consensus $2.91
Subscribe for More Information
16:19 EDTCTXSCitrix sees Q2 EPS 57c-59c, consensus 68c
Sees Q2 revenue $765M-$775M, consensus $785.07M.
16:18 EDTCTXSCitrix authorizes repurchase of up to additional $1.5B of stock
Subscribe for More Information
16:17 EDTCTXSCitrix reports Q1 EPS 64c, consensus 59c
Subscribe for More Information
16:09 EDTCTXSCitrix files to sell $1.25B in convertible senior notes in a private offering
15:41 EDTCTXS, IMNotable companies reporting after market close
Subscribe for More Information
13:03 EDTAMDAMD management to meet with Jefferies
Meetings to be held in Boston/New York on April 29-30 hosted by Jefferies.
12:57 EDTEMCEMC profit cycle bottomed in Q1, says Cantor
Subscribe for More Information
12:01 EDTEMCVMware sinks after enterprise licenses, outlook may have disappointed
Shares of VMware (VMW), a provider of virtualization infrastructure solutions, are among today's losers despite the company having reported results that beat the consensus forecast. Several analysts contended that the company reaffirming its full-year outlook and reporting lower than expected enterprise license agreements as a percentage of bookings may have disappointed investors. WHAT'S NEW: Last night, VMware reported first quarter earnings per share of 80c and revenue of $1.36B, compared to expectations of 79c and $1.35B, respectively. VMware said Q1 license and total bookings growth was less than 10% compared to the prior year. VMware forecast Q2 revenue of $1.43B-$1.47B, compared to consensus of $1.44B. The company reaffirmed its fiscal 2014 revenue view of $5.94B-$6.1B, versus consensus of $6.03B. It also expects FY14 non-GAAP operating margin of approximately 31%. FY14 license revenue was expected to be $2.55B-$2.63B, up 12%-16% from the prior year. ANALYST REACTION: This morning, research firms Oppenheimer, Pacific Crest, and Raymond James all recommended buying VMware on any weakness. Pacific Crest said lower than expected enterprise license agreements as a percentage of bookings and weaker overall bookings growth disappointed the Street. Another firm, Janney Capital, said it believes investors may be slightly disappointed that VMware reiterated its prior guidance after its Q1 EPS slightly beat expectations. However, the firm believes the stock's valuation offers a good entry point and reiterates its Buy rating on the name. PRICE ACTION: In late morning trading, VMware fell $9.15, or 8.7%, to $96 on heavy trading volume. Despite today's pull back, the stock is up approximately 27% over the past twelve months. ANOTHER TO WATCH: EMC (EMC), which is the majority owner of VMware, reported earnings and revenue that were roughly in-line with expectations and raised its quarterly dividend. However, EMC lowered its 2014 EPS outlook to $1.90 from $1.95, which was below the consensus $1.94 forecast, and its shares were down 3% to $25.94 near noon.
12:01 EDTMU Stocks with call strike movement; FB MU
Subscribe for More Information
09:34 EDTMUActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD NFLX TSLA VZ MU WFM AMGN
07:12 EDTEMCEMC lowers 2014 EPS outlook to $1.90 from $1.95, consensus $1.94
Sees 2014 revenue $24.575B, consensus $24.51B. EMC expects to repurchase an aggregate of $2B of the company's common stock in 2014. The company said, "While planned business practice changes had a negative impact on year-over-year revenue and EPS growth in the quarter, we are very confident we are on the right track with our Federation model and technologies. With our strong foothold in Second Platform environments and some of the most exciting IT assets in the industry helping us propel customers to the Third Platform of IT, EMC is well positioned to meet our stated 2014 targets."
07:09 EDTEMCEMC raises quarterly dividend to 11.5c from 10c
EMC said its board approved a 15% increase in the quarterly cash dividend paid to shareholders. The first increased dividend of 11.5c per share of common stock will be paid on July 23, to shareholders of record as of the close of business on July 1.
07:09 EDTEMCEMC reports Q1 EPS 35c, consensus 35c
Subscribe for More Information
07:09 EDTEMCEMC reports Q1 EPS 35c, consensus 35c
Reports Q1 revenue $5.48B, consensus $5.43B.
06:08 EDTAMDAMD implied volatility of 42 at lower end of index mean range
Subscribe for More Information
April 22, 2014
15:32 EDTEMCNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Procter & Gamble (PG), consensus $1.02; Boeing (BA), consensus $1.56; Biogen Idec (BIIB), consensus $2.56; Dow Chemical (DOW), consensus 71c; EMC Corporation (EMC), consensus 35c; Thermo Fisher (TMO), consensus $1.40; Praxair (PX), consensus $1.51; General Dynamics (GD), consensus $1.64; Johnson Controls (JCI), consensus 65c; Norfolk Southern (NSC), consensus $1.15; Reynolds American (RAI), consensus 74c; Delta Air Lines (DAL), consensus 29c; Northrop Grumman (NOC), consensus $2.15; Air Products & Chemicals (APD), consensus $1.35; TD Ameritrade (AMTD), consensus 34c; Ingersoll-Rand (IR), consensus 26c; Dr Pepper Snapple (DPS), consensus 59c; Polaris Industries (PII), consensus $1.16; Ryder System (R), consensus 87c.
15:10 EDTEMCEarnings Preview: EMC shares up 6% since Q4 report
Subscribe for More Information
14:28 EDTMUSunEdison, Conn's rally after Greenlight discloses new stakes
Subscribe for More Information
12:18 EDTCTXSBofA/Merrill's software analysts hold an analyst/industry conference call
Software Analysts, along with Ray Wang, Principal Analyst & CEO at Constellation Research, provide their perspectives on pertinent topics in the software industry and how disruptive technologies impact cross channel commerce and technology optimization on an Analyst/Industry conference call to be held on April 25 at 11 am.
April 21, 2014
17:29 EDTMUMicron shares could double, Barron's says
Subscribe for More Information
16:40 EDTAMDOn The Fly: Closing Wrap
Stocks on Wall Street were higher for the fifth straight session. Volume remained light on this Monday following Easter, as a number of international markets remained closed. The averages spent time on both sides of the flat-line early in the trading day before settling into a narrow range in positive territory for most of the second half of the session. ECONOMIC EVENTS: In the U.S., the Chicago Fed national activity index fell to 0.20 in March, matching the consensus forecast. The Conference Board's index of leading indicators rose 0.8% in March, beating the consensus forecast for an increase of 0.7%. COMPANY NEWS: Ford (F) is preparing to announce that its Chief Operating Officer, Mike Fields, will take the CEO role at the company following the retirement of current CEO Alan Mulally later this year, according to a report from Bloomberg. Shares of Ford were little changed for the session following the report, losing 2c, or 0.13%, to close at $15.98... U.S.-listed shares of British pharmaceutical company AstraZeneca (AZN) gained $5.61, or 8.84%, to $69.10 after the U.K.'s Sunday Times said Pfizer (PFE) has takeover interest in the company. Analysts had mixed opinions on the report, with Citigroup saying a bid looks "highly probable," while analysts at Bernstein think such a deal would conflict with Pfizer's strategy of getting smaller. Shares of Pfizer rose 61c, or 2.02%, to $30.86 following the report... MAJOR MOVERS: Among the notable gainers was Sarepta Therapeutics (SRPT), up $9.58, or 39.26%, to $33.98 after announcing plans to submit a New Drug Application to the FDA by the end of this year for the approval of eteplirsen for the treatment of Duchenne muscular dystrophy. Also higher was Advanced Micro Devices (AMD), which rose 43c, or 11.65%, to $4.12 after the semiconductor manufacturer reported earnings and revenue that topped expectations after the close on Thursday. Among the noteworthy losers was MoneyGram (MGI), down $2.01, or 13.57%, to $12.80 in its second straight losing session after Wal-Mart (WMT) announced that it was launching its own money transfer service. MoneyGram's slide today comes after the stock dropped by more than 18% on Thursday following Wal-Mart's announcement. Also lower was lululemon (LULU), down $2.64, or 5.11%, to $49.07 after analysts at Sterne Agee said the company's investor day presentation, held on Thursday, did not include a substantive plan to grow same-store sales. INDEXES: The Dow was up 40.71, or 0.25%, to 16,449.25, the Nasdaq was up 26.03, or 0.64%, to 4,121.55, and the S&P 500 was up 7.04, or 0.38%, to 1,871.89.
13:41 EDTEMCEMC April weekly volatility elevated into Q1 and outlook
EMC April weekly call option implied volatility is at 38, May is at 22, June is at 21; compared to its 26-week average of 22 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 23.
12:24 EDTMUMicron trades higher, levels to watch
The shares are up over 4.4% to $24.98 at time of writing. That price is just off the high of the session at $25.19. Major resistance is above that level at the 52-week high of $25.68. Support is at $24.56, the session low. Drexel Hamilton upped its price target on the shares earlier today to $50 from $30, on expectations of stable DRAM pricing and minimal industry-wide capacity expansion.
12:00 EDTAMDAMD rises 11.7%
AMD is up 11.7%, or 43c, to $4.12
10:01 EDTPLXSOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
10:00 EDTAMDAMD rises 11.9%
Subscribe for More Information
09:21 EDTAMD, MUOn The Fly: Pre-Market Movers
HIGHER: Sarepta (SRPT), up 54% after announcing plans to to submit NDA for Eteplirsen by year end 2014. Shares of Prosnesa (RNA), another drugmaker working on a competing DMD drug, are up more than 12%... AstraZeneca (AZN), up 6% after the Sunday Times says that Pfizer (PFE) is considering a takeover bid for the company. Pfizer is up 1.2% following the report... Newmont Mining (NEM), up 8% after WSJ says the company and Barrick Gold (ABX) could resume merger talks as soon as today... Cbeyond (CBEY), up 39% after agreeing to be acquired for about $323M by Birch Communications... Momenta Pharma (MNTA), up 10.5% after the Supreme Court rejected Teva's (TEVA) bid to delay generic Copaxone... Nu Skin (NUS), up 5% after saying its China division will resume corporate-hosted business meetings... Micron (MU), up 4% after price target raised at Drexel Hamilton... DOWN AFTER EARNINGS: Acacia Research (ACTG), down 6%... athenahealth (ATHN), down 5.6%.
09:00 EDTAMDAMD rises 8.7%
Subscribe for More Information
08:48 EDTAMDAMD an 'under the radar' transition story, says FBR Capital
Subscribe for More Information
08:29 EDTMUMicron price target raised to $50 from $30 at Drexel Hamilton
Drexel Hamilton raised Buy rated Micron estimates and increased its price target to $50 from $30 due to higher pricing and margin trends. The firm expects DRAM pricing to remain firm and for minimal industry capacity additions this year, resulting in rising earnings, an improving balance sheet and greater share upside potential.
07:47 EDTPLXSPlexus upgraded at Needham
As previously reported, Needham upgraded Plexus to Buy from Neutral. The firm upgraded shares citing above consensus guidance, strengthening consumer demand and customer forecasts, and solid execution. Price target is $47.
06:27 EDTPLXSPlexus upgraded to Buy from Hold at Needham
Note that shares were also upgraded at Cross Research this morning.
06:02 EDTPLXSPlexus upgraded to Buy from Hold at Cross Research
Subscribe for More Information
April 17, 2014
18:55 EDTAMDOn The Fly: After Hours Movers
Subscribe for More Information
18:27 EDTMU, AMDAMD rallies after results top expectations
Shares of global semiconductor company Advanced Micro Devices (AMD) are advancing in the after-hours session after the company's first quarter results topped analysts' consensus estimates. WHAT'S NEW: After the bell, AMD reported Q1 adjusted earnings per share of 2c and revenue of $1.4B, compared to expectations of 0c and $1.34B, respectively. WHAT'S NOTABLE: The company forecast Q2 revenue flat to up 6%, compared to consensus of $1.36B. For fiscal 2014, the company expects to grow revenue on a year-over-year basis, and be profitable at the net income level. FY14 CapEx is expected to be approximately $120M. PRICE ACTION: In after-hours trading, AMD gained 23c, or about 6.2%, to $3.92. AMD's stock is up about 48% over the past twelve months, not including after-hours trading. OTHERS TO WATCH: Other companies in the semiconductor space space include Intel (INTC), Texas Instruments (TXN), and Micron Technology (MU).
17:48 EDTAMDAMD seeing PC market beginning to stabilize
Comment from Q1 earnings call.
16:43 EDTAMDAMD expects to grow revenue year-over year for 2014
Subscribe for More Information
16:17 EDTAMDAMD sees Q2 revenue flat to up 6%, consensus $1.36B
Subscribe for More Information
16:16 EDTAMDAMD reports Q1 adjusted EPS 2c, consensus 0c
Subscribe for More Information
15:29 EDTAMDNotable companies reporting after market close
Notable companies reporting before tomorrow's market open, with earnings consensus, include athenahealth (ATHN), consensus 17c; Allison Transmission (ALSN), consensus 31c; Investors Bancorp (ISBC), consensus 24c; Cepheid (CPHD), consensus (17c); Advanced Micro Devices (AMD), consensus 0c; Associated Banc-Corp (ASBC), consensus 25c; Hub Group (HUBG), consensus 36c; Capital Bank (CBF), consensus 24c; Select Comfort (SCSS), consensus 32c; Acacia Research (ACTG), consensus 4c.
12:53 EDTMUOn The Fly: Midday Wrap
Subscribe for More Information
11:40 EDTMUMicron management to meet with JMP Securities
Subscribe for More Information
11:36 EDTMUSanDisk soars after results top expectations, margin forecast raised
Shares of SanDisk (SNDK), a leader in flash storage solutions, are rallying after the company's first quarter results topped analysts' consensus estimates. The company also raised its fiscal 2014 adjusted gross margin outlook. WHAT'S NEW: Last night, SanDisk reported Q1 earnings per share of $1.44 and revenue of $1.51B, compared to expectations of $1.25 and $1.49B, respectively. Q1 gross profit as a percentage of revenue came in at 49.7% on a GAAP basis and 51.2% on a non-GAAP basis. The company forecast Q2 revenue of $1.55B-$1.63B, compared to consensus of $1.58B, and Q2 gross margins of 47%-49%. For FY14, the company expects revenue of $6.4B-6.8B, versus consensus of $6.66B. SanDisk raised its FY14 adjusted gross margin outlook to 47%-49% from 45%-48%. The company continues to expect overall healthy industry fundamentals in FY14. ANALYST REACTION: This morning, Jefferies and Credit Suisse raised their respective price targets on SanDisk. Jefferies raised its price target to $95 from $90, saying the company's strong Q1 results show the relevance of the NAND spot market has diminished. The firm expects a higher level of price stability to move shares of SanDisk and peer Micron (MU) higher. It reiterated a Buy rating on SanDisk. Credit Suisse raised its price target on SanDisk shares to $125 from $85 following the company's better than expected Q1 results and guidance. The firm kept an Outperform rating on the stock. PRICE ACTION: In late morning trading, SanDisk soared $7.56, or about 10%, to $83.40 on heavy trading volume. The stock is approaching its 52-week high of $85.37. Meanwhile, Micron shares are up 4% to $23.41.
09:00 EDTMUMicron rises 3.4%
Subscribe for More Information
07:48 EDTMUSanDisk price target raised to $95 from $90 at Jefferies
Subscribe for More Information
April 16, 2014
16:04 EDTPLXSPlexus sees Q3 EPS 69c-74c, consensus 67c
Subscribe for More Information
16:02 EDTPLXSPlexus reports Q2 EPS 60c, consensus 60c
Subscribe for More Information
07:30 EDTCTXSVMware, Citrix may be threatened as OpenStack momentum builds, WSJ says
OpenStack supporters say the open-source operating system can bring the ease of use and agility offered by cloud-service vendors, while using a company's own server systems, and if it continues to be adopted OpenStack could pose a threat to companies to offer data center software and services including VMware (VMW), Citrix Systems (CTXS), Amazon.com (AMZN), Microsoft (MSFT) and others, said The Wall Street Journal. Reference Link
07:07 EDTEMCAmazon, Google, Microsoft cut prices for cloud computing products, WSJ says
Subscribe for More Information
April 15, 2014
12:15 EDTMUStocks with call strike movement; MU NOK
Subscribe for More Information
10:00 EDTIMOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
06:55 EDTIMIngram Micro upgraded to Buy from Neutral at Citigroup
Subscribe for More Information
06:12 EDTMUMicron is expected to invest in Kingston Solutions, DigiTimes says
Micron (MU) plans to contribute equity investments into NAND device supplier Kingston Solutions, a joint venture between Toshiba (TOSBF) and Phison Electronics, reports DigiTimes. According to the sources, Kingston Solutions will be able to optimize NAND flash from Toshiba and mobile RAM from Micron following the investment. Reference Link
05:22 EDTMUMicron, Wave Systems collaborate to secure connected devices
Subscribe for More Information
April 11, 2014
12:44 EDTMUHedge funds initiating shorts on Priceline, Amazon, Twitter, CNBC says
Subscribe for More Information
12:42 EDTMUOn The Fly: Analyst Initiation Summary
ASML (ASML) initiated with a Cautious at ISI Group... Analog Devices (ADI) initiated with a Buy at ISI Group... Applied Materials (AMAT) initiated with a Strong Buy at ISI Group... Aruba Networks (ARUN) initiated with a Buy at SunTrust... Broadcom (BRCM) initiated with a Neutral at ISI Group... CSX (CSX) initiated with an Outperform at Macquarie... Cisco (CSCO) initiated with a Buy at SunTrust... F5 Networks (FFIV) initiated with a Neutral at SunTrust... Genesee & Wyoming (GWR) initiated with a Neutral at Macquarie... Intel (INTC) initiated with a Neutral at ISI Group... Juniper (JNPR) initiated with a Buy at SunTrust... KLA-Tencor (KLAC) initiated with a Neutral at ISI Group... Lam Research (LRCX) initiated with a Strong Buy at ISI Group... Linear Technology (LLTC) initiated with a Cautious at ISI Group... Maxim Integrated (MXIM) initiated with a Neutral at ISI Group... Micron (MU) initiated with a Strong Buy at ISI Group... NVIDIA (NVDA) initiated with a Neutral at ISI Group... NXP Semiconductors (NXPI) initiated with a Strong Buy at ISI Group... Qualcomm (QCOM) initiated with a Strong Buy at ISI Group... Riverbed (RVBD) initiated with a Neutral at SunTrust... SanDisk (SNDK) initiated with a Neutral at ISI Group... Teradyne (TER) initiated with a Buy at ISI Group... Texas Instruments (TXN) initiated with a Neutral at ISI Group... Trulia (TRLA) initiated with a Neutral at Susquehanna... Union Pacific (UNP) initiated with a Neutral at Macquarie... Zillow (Z) initiated with a Positive at Susquehanna... Flamel Technologies (FLML) initiated with a Buy at Roth Capital... Parker Drilling (PKD) initiated with an Accumulate at Tudor Pickering.
06:08 EDTMUMemory suppliers look to bundle NAND flash sales with DRAM chips, DigiTimes says
Some memory device suppliers may be pushing sales of NAND flash chips with DRAM chips in an effort to easy the oversupply of NAND flash products, reports DigiTimes. According to market sources, the prices of NAND chips have continued to decline this year due to the capacity ramps from major companies. Reference Link
April 10, 2014
16:10 EDTMUMicron initiated with a Strong Buy at ISI Group
Subscribe for More Information
11:03 EDTMUOptions with decreasing implied volatility: MNKD QCOR MU KMX
10:31 EDTMUMicron to host analyst meeting
Subscribe for More Information
10:00 EDTEMCOn The Fly: Analyst Initiation Summary
Apple (AAPL) initiated with a Buy at Deutsche Bank... Crocs (CROX) initiated with a Buy at Buckingham... Deckers Outdoor (DECK) initiated with a Buy at Buckingham... EMC (EMC) initiated with a Buy at Deutsche Bank... HP (HPQ) initiated with a Buy at Deutsche Bank... IBM (IBM) initiated with a Hold at Deutsche Bank... NeoPhotonics (NPTN) coverage resumed with a Market Perform at Raymond James... NetApp (NTAP) initiated with a Hold at Deutsche Bank... Nutrisystem (NTRI) initiated with a Buy at B. Riley... Questar (STR) initiated with an Underperform at BofA/Merrill... S&T Bancorp (STBA) initiated with an Outperform at Raymond James... STB Systems Inc (STBI) initiated with an Outperform at Raymond James... Skechers (SKX) initiated with an Underperform at Buckingham... Steven Madden (SHOO) initiated with a Buy at Buckingham... UGI Corporation (UGI) initiated with a Buy at BofA/Merrill... Web.com (WWWW) initiated with a Neutral at Buckingham... Ally Financial (ALLY) initiated with a Buy at BTIG... Visteon (VC) initiated with a Buy at Citigroup... Greatbatch (GB) initiated with a Buy at KeyBanc... Steris (STE) initiated with a Buy at KeyBanc... Cooper Companies (COO) initiated with a Hold at KeyBanc... Hill-Rom (HRC) initiated with a Hold at KeyBanc... Invacare (IVC) initiated with a Hold at KeyBanc... Teleflex (TFX) initiated with a Hold at KeyBanc... Provident Financial (PROV) initiated with a Market Perform at Keefe Bruyette... UMH Properties (UMH) initiated with a Hold at Wunderlich.
08:44 EDTEMCCLSA technology analysts hold an analyst/industry conference call
Subscribe for More Information
08:18 EDTMUMicron licenses SerDes IP from Avago for Hybrid Memory Cube
Subscribe for More Information
07:32 EDTTECDTech Data price target raised to $75 from $64 at Brean Capital
Subscribe for More Information
06:52 EDTEMCEMC initiated with a Buy at Deutsche Bank
Subscribe for More Information
<< 1 | 2 | 3 | 4 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use