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Stock Market & Financial Investment News

News Breaks
July 2, 2014
10:07 EDTSFLYShutterfly trades higher after earlier report it is seeking a buyer
The stock gapped up at the open and traded to a high of $50.46 before moving lower. That session high remains resistance. At the current price of $49.40 next support is at $48.10, the low of the day. Bloomberg reported that the company has engaged Qatalyst Partners to find a buyer.
News For SFLY From The Last 14 Days
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October 30, 2014
07:45 EDTSFLYShutterfly results better than headlines suggest, says RW Baird
Baird said Shutterfly Q3 results were better than its headlines suggest. The firm said core metrics remain healthy with solid organic growth, attainable revenue and margins guidance, and underlying demand trends. Baird reiterates its Outperform rating and $55 price target on Shutterfly shares.
07:18 EDTSFLYShutterfly outlook remains uncertain, says Wells Fargo
After Shutterfly said it would not look to sell itself and the company reported weaker than expected results, Wells Fargo noted that the stock fell 4% last night, capping a 30% decline over the last month. The firm says the outlook for the company's 2015 EBITDA and free cash flow is unclear, and it keeps a Market Perform rating on the shares.
06:47 EDTSFLYShutterfly lower after deciding to 'remain independent at this time'
Shutterfly said on last night earnings call, "With the help of outside legal and financial advisors, the board undertook a deliberate and thoughtful evaluation of all aspects of the various offers. Based upon this review, the board unanimously concluded that it was in the best interest of all stakeholders to remain independent at this time." Shares were down 4% to $39.49 in after-hours trading. On July 2, Bloomberg reported Shutterfly hired investment bank Qatalyst Partners to find potential buyers.
October 29, 2014
18:59 EDTSFLYOn The Fly: After Hours Movers
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16:16 EDTSFLYShutterfly sees 2014 EPS (36c)-(9c), consensus (17c)
Sees 2014 revenue $905M-$920M, consensus $917.84M.
16:16 EDTSFLYShutterfly sees Q4 EPS $2.35-$2.60, consensus $2.54
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16:15 EDTSFLYShutterfly reports Q3 EPS ($1.20), consensus ($1.17)
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