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Stock Market & Financial Investment News

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February 14, 2014
06:39 EDTSNE, MSFTSony PlayStation beats Microsoft Xbox One sales, Bloomberg says
Sony's (SNE) PlayStation 4 retook the lead in U.S. retail sales from Microsoft's (MSFT) Xbox One after the Tokyo-based company experienced January sales that almost doubled that of its rival, according to Bloomberg, citing an email statement from Sony. Reference Link
News For SNE;MSFT From The Last 14 Days
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July 17, 2014
08:11 EDTMSFTMicrosoft to cut 18K jobs, sees pretax charge of $1.1B-$1.6B
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08:00 EDTMSFTMicrosoft says Xbox One sales more than double in June from prior month
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05:58 EDTMSFTMicrosoft layoffs could be announced today, NY Times reports
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July 16, 2014
13:52 EDTMSFTMicrosoft advances strongly after Intel comments on PCs
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12:47 EDTMSFTYahoo falls after results disappoint, details additional plans for Alibaba stake
Shares of media and search engine company Yahoo (YHOO) are falling after the company's second quarter results fell short of analysts' consensus estimates. The company also said it will lower the amount of stock it will sell in Alibaba's initial public offering to 140M shares and that it plans to return "at least half" of its after-tax proceeds from the stake sale to its shareholders. WHAT'S NEW: Last night, Yahoo reported Q2 earnings per share of 37c and revenue ex-tac of $1.04B, narrowly missing analysts' consensus estimates of 38c and $1.08B, respectively. The company's Q2 display ad revenue fell 7% to $394M, while Q2 price per ad fell 24% versus last year. Q2 search revenue ex-tac increased 6% to $428M. Yahoo said that in Q2, the number of ads sold increased approximately 24% compared to last year, while the number of paid clicks increased approximately 3%. Price-per-click increased 15% compared to last year. Marissa Mayer, Yahoo's Chief Executive Officer, said that as the company's top priority is revenue growth, it is "not satisfied" with Q2 results. Mayer noted that several areas showed strength in the quarter, including Yahoo Search, which grew 6% year-over-year on a revenue ex-tac basis, but their growth was offset by declines. Meyer says the company needs to "work faster to ameliorate" negative trends in display. Mayer says the company "can and will do better" going forward. WHAT'S NOTABLE: Looking ahead, Yahoo forecast third quarter revenue ex-tac of $1.02B-$1.06B, below the consensus of $1.1B. The company also guided Q3 adjusted earnings before interest, taxes, depreciation and amortization, or EBTIDA, at $220M-$260M and non-GAAP operating income of $70M-$110M. Yahoo also noted that it will lower the number of shares it sells in the Alibaba IPO to 140M from 208M, and is committed to return at least half of the after-tax IPO proceeds to shareholders. Mayer noted on the company's earnings conference call that "A transformation of this size will take several years," adding that "it will take a little longer than originally forecasted." ANALYST REACTION: This morning, research firm CRT Capital downgraded Yahoo to Fair Value from Buy, citing mixed Q2 earnings and weak guidance. The firm sees pressure on ad pricing continuing for at at least two to three quarters. Another firm, Bernstein, lowered their price target on Yahoo to $40 from $43 following the company's weaker than expected results and said that it would return 50% of its proceeds from the Alibaba IPO to shareholders. The firm thinks there is an increased risk that Yahoo will use the other 50% on M&A, and Bernstein sees high risk that the M&A will destroy value. Bernstein kept an Outperform rating on the stock. Piper Jaffray said Yahoo should be owned ahead of the Alibaba IPO, noting its agreement with Alibaba to reduce the number of shares it will sell at the IPO should outweigh the "unsurprising" challenges in the company's core business. The firm, which kept an Overweight rating on the stock, expects the stock to react positively on the Q2 earnings report. PRICE ACTION: In early afternoon trading, Yahoo fell $1.66, or about 4.7%, to $33.95 on heavy trading volume. Despite today's pull back, the stock is up approximately 25% over the past 12 months. OTHERS TO WATCH: Yahoo peer AOL (AOL) is down over 4.% to $38.98. Jackie Reses, Yahoo's chief of mergers and acquisitions, said at the Fortune Brainstorm Tech Conference that the company is not planning to buy AOL, Re/code reported this morning. Mayer previously told a number of people that she does not "get" the merger.
08:09 EDTMSFT21Vianet and GigaTrust sign partnership agreement in China
21Vianet (VNET) and GigaTrust, provider of Microsoft (MSFT)-based email and document protection software solutions for mobile devices, have signed an exclusive partnership agreement for the China market. 21Vianet will market and sell the portfolio of GigaTrust security products to enterprises and Office 365 cloud subscribers in China.
06:24 EDTMSFTMicrosoft aims to reduce 1K jobs in Finland, Reuters says
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06:14 EDTSNE, MSFTABI Research: More than 2B smartphones to ship in 2018, DigiTimes says
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July 15, 2014
12:01 EDTMSFTMicrosoft July weekly volatility elevated into Q4 and outlook
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11:55 EDTMSFTMicrosoft hits a fresh 52-week high, levels to watch
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09:31 EDTMSFTSenate Judiciary Committee to hold a hearing
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09:29 EDTMSFTMicrosoft in talks to buy cybersecurity start-up Aorato, WSJ says
Microsoft is in talks to buy Israel-based cybersecurity start-up Aorato in a deal worth around $200M, according to The Wall Street Journal, citing a person familiar with the matter who noted that the pact could close within the next two months. Reference Link
09:05 EDTMSFTMicrosoft price target raised to $50 from $45 at Nomura
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08:35 EDTMSFTCisco announces multi-year sales, go-to-market agreement with Microsoft
Cisco (CSCO) announced a multi-year sales and go-to-market agreement with Microsoft (MSFT) designed to modernize data centers through the delivery and acceleration of integrated solutions. Cisco and Microsoft will both invest in sales, marketing and engineering resources to drive global alignment, while delivering deeper technology integration across cloud and data center markets. The companies will focus on integrating market leading technologies, including Cisco Unified Computing System, Cisco Nexus switching and Microsoft Cloud OS solutions including Windows Server, System Center, SQL Server and Microsoft Azure.
07:24 EDTMSFTMicrosoft to hold a conference
MSFT Worldwide Partner Conference to be held in Washington, D.C. on July 13-17.
07:23 EDTMSFTFortune to hold a conference
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06:30 EDTSNEDOJ investigating music publishing, possible price coordination, WSJ reports
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06:24 EDTMSFTMicrosoft poised to make job reductions, Bloomberg says
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06:11 EDTSNESamsung, HiSilicon to sell more handset solutions to vendors, DigiTimes says
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06:06 EDTMSFTElectronic Arts names Ken Moss as Chief Technology Officer
Electronic Arts (EA) announced on its website that it has named Ken Moss as its Chief Technology Officer. As CTO, Ken will lead the organization, strategy and vision for EA’s Digital Platform and Information Technology divisions. Moss comes to EA most recently from eBay (EBAY), where he led the Marketplace Technology, Science and Data global organization. He is a 20-year veteran of Microsoft (MSFT), where he founded and led the engineering and product teams on Search -- which later became Bing -- and played an important role in Microsoft’s transition to large-scale services. Reference Link
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