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Stock Market & Financial Investment News

News Breaks
February 10, 2014
11:09 EDTSFLY, AKAM, UBNTOptions with decreasing implied volatility: SFLY VXX UBNT AKAM
News For SFLY;UBNT;AKAM From The Last 14 Days
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July 29, 2015
12:42 EDTAKAMOn The Fly: Top stock stories at midday
Stocks on Wall Street overcame a tentative start and are higher at midday ahead of the statement from the Federal Reserve following its latest monetary policy meeting. The pending home sales report showed an unexpected decline from the prior month, reminding investors the economy still isn't seeing the most robust of recoveries. ECONOMIC EVENTS: In the U.S., an index of pending home sales fell 1.8% in June, versus expectations for it to have risen 1% compared to the prior month. The Federal Reserve concludes a meeting on monetary policy today and its post-meeting statement is scheduled to be released at 2 pm EDT. The central bank is not expected to raise rates at this meeting and no post-meeting press conference is scheduled for Fed Chair Janet Yellen. In China, the Shanghai composite index rose 3.4%, stemming its most recent stretch of declines, though the index is still deeply in the red on a week-to-date basis. COMPANY NEWS: Shares of Twitter (TWTR) fell 13% after the company reported better than expected quarterly results but its management tempered expectations about its user growth. Several analysts cut their price targets on the stock and warned its shares may be range bound in the near-term, but maintained their buy ratings on the stock based on the social network operator's long-term potential. MAJOR MOVERS: Among the notable gainers following their earnings reports were hepatitis C drug maker Gilead (GILD), which rose 3%, and two defense contractors who raised their outlooks: Northrop Grumman (NOC), which advanced 7%, and General Dynamics (GD), which gained nearly 5%. Also higher was Citrix Systems (CTXS), which jumped about 10% after issuing better than expected fiscal year earnings guidance, reporting its CEO Mark Templeton plans to retire and entering into a cooperation agreement with activist investor Elliott Management, which owns approximately 7.5% of the company’s common stock. Among the noteworthy losers was Yelp (YELP), which tumbled 28% and hit a multi-year low after the local business review site operator reported lower than expected profit and lowered its fiscal year revenue guidance. Also lower following their earnings reports were Akamai (AKAM), which fell 5%, and Level 3 Communications (LVLT), which dropped 6%. INDEXES: Near midday, the Dow was up 94.46, or 0.54%, to 17,724.73, the Nasdaq was up 6.72, or 0.13%, to 5,095.92, and the S&P 500 was up 9.02, or 0.43%, to 2,102.27.
09:13 EDTAKAMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Buffalo Wild Wings (BWLD), up 11.4%... Panera Bread (PNRA), up 5.9%... Sonus Networks (SONS), up 7.2%... Gilead Sciences (GILD), up 3.6%... U.S. Steel (X), up 3.3%... Synchronoss (SNCR), up 2.8%. ALSO HIGHER: Cytec Industries (CYT), up 26.7% after being acquired by Solvay (SVYZY)... MagneGas (MNGA), up 7.8% after receiving multiple orders... AK Steel (AKS), up 5.2% after being upgraded to Outperform from Neutral at Macquarie. DOWN AFTER EARNINGS: Yelp (YELP), down 23.6%... VASCO Data Security (VDSI), down 13.3%... Tableau Software (DATA), down 16%... Twitter (TWTR), down 11.4%... Akamai Technologies (AKAM), down 7.9%.
08:33 EDTAKAMAkamai margins have likely bottomed, says Oppenheimer
After Akamai reported in-line Q2 revenue but lower than expected adjusted EBITDA, Oppenheimer says the miss was caused by the company's spending on expanding its network. The firm thinks the company's margins probably bottomed last quarter, but it does not expect OTT video to accelerate for another year. Oppenheimer thinks the company should deliver strong 2016 results but it keeps a Perform rating on the shares.
07:21 EDTAKAMAkamai price target lowered to $80 from $88 at UBS
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07:17 EDTSFLYShutterfly volatility increases into Q2 and outlook
Shutterfly August call option implied volatility is at 43, September is at 35; compared to its 52-week range of 24 to 48, suggesting large near term price movement into the expected release of Q2 results today.
05:51 EDTAKAMAkamai shares could be 'dead money' for a quarter, says JPMorgan
JPMorgan analyst Sterling Auty says Akamai shares could be "dead money" for a quarter after the company indicated benefits from over-the-top will not hit until 2016. Post-earnings selloffs over the past five years have all proved to be good entries into the stock, Auty tells investors in a research note. He sees no structural issues for Akamai and expects a similar buying opportunity setup after last night's earnings report. Auty keeps an Overweight rating on the stock with a $75 price target.
July 28, 2015
19:10 EDTAKAMOn The Fly: After Hours Movers
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17:42 EDTAKAMAkamai down 11% after reporting Q2 financial results, guidance
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16:47 EDTAKAMAkamai sees Q3 EPS 56c-58c, consensus 62c
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16:02 EDTAKAMAkamai reports Q2 EPS 57c, consensus 58c
Reports Q2 revenue $540.7M, consensus $540.39M.
15:21 EDTAKAMNotable companies reporting after market close
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14:41 EDTAKAMHigh option volume stocks
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14:27 EDTAKAMAkamai July weekly 71 straddle priced for 7.1% movement into Q2
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13:57 EDTAKAMAkamai technical comments ahead of results
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13:43 EDTAKAMEarnings Watch: Akamai reports as cloud services, content streaming accelerate
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07:17 EDTAKAMAkamai July weekly volatility increases into Q2 and outlook
Akamai July call option implied volatility is at 84, August is at 39, September is at 31; compared to its 52-week range of 20 to 46, suggesting large near term price movement into the expected release of Q2 results today after the market close
July 24, 2015
08:30 EDTSFLYShutterfly July weekly volatility elevated into Q2 and outlook
Shutterfly August call option implied volatility is at 39, September is at 30; compared to its 52-week range of 24 to 48, suggesting large near term price movement into the expected release of Q2 results on July 29.
07:53 EDTAKAMAkamai management to meet with JPMorgan
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July 23, 2015
12:14 EDTAKAMAkamai July weekly volatility elevated into Q2 and outlook
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July 21, 2015
07:23 EDTAKAMAkamai and Telecom Italia announce partnership agreement
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