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Stock Market & Financial Investment News

News Breaks
March 17, 2014
11:26 EDTSONS, ORCL, AUDC, ALUSonus jumps after analyst calls ‘most underappreciated’ in tech
Shares of Sonus Networks (SONS) are climbing after research firm Jefferies wrote that the company "may be the most underappreciated story in the tech sector." Sonus develops Internet Protocol communications networks. WHAT'S NEW: After attending Sonus' Analyst Day on Thursday, Jefferies analyst James Kisner wrote that the company had "a very bullish tone" and unveiled "a barrage of positive data points." Sonus said that demand for some systems that use its products are increasing, the analyst wrote. Additionally, the company announced many impressive announcements about its customers, Kisner reported. Meanwhile, given that Sonus is taking share in a space in which Oracle (ORCL) has already made two acquisitions, while operating in a sector linked to WhatApp's business, investors are showing relatively little interest in Sonus, contended the analyst. Kisner thinks the stock can reach $10 by 2017, and he reiterated a Buy rating on the shares. OTHERS TO WATCH: Alcatel-Lucent (ALU) sells Internet Protocol routers, while AudioCodes (AUDC) provides voice over Internet equipment. PRICE ACTION: In mid-morning trading, Sonus climbed 18c, or 5%, to $3.62.
News For SONS;ORCL;AUDC;ALU From The Last 14 Days
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September 16, 2014
07:19 EDTORCLCompanies' share buybacks at fasttest clip since 2007, WSJ reports
Companies are buying back their own shares at its fastest pace since the financial crisis to fuel a stock rally, reports the Wall Street Journal. According to Birinyi Associates, companies have bought back $338.3B of stock in 1H14, the most since 2007. Citing an analysis by Barclays, companies with the largest buyback programs by dollar value have outperformed the broader market by 20% since 2008. Reference Link
September 15, 2014
16:39 EDTORCLOracle assumed with a Sector Perform at RBC Capital
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07:19 EDTORCLSNIA to hold a conference
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September 14, 2014
20:25 EDTORCLOracle buys Front Porch Digital, terms undisclosed
Oracle announced that it has signed an agreement to acquire Front Porch Digital, a provider of content storage management solutions that help companies migrate, manage and monetize large-scale media assets. Front Porch Digital's big data technologies help enterprises easily handle their rapidly expanding and complex volumes of digital media content, such as high definition films and TV shows, medical images and records, and real-time security monitoring feeds. More than 550 organizations worldwide rely on Front Porch Digital across multiple industries to ensure the availability and accessibility of their valuable content, including A&E Television, BBC, Discovery Communications, U.S. Library of Congress and NASCAR. In total, Front Porch Digital helps manage over 750 petabytes of digital content. Together, Oracle and Front Porch Digital will help organizations more effectively and efficiently manage the growing complexities associated with the migration, integration, storage, and delivery of rich media content.
September 12, 2014
15:31 EDTORCLOracle September volatility elevated into Q1 and outlook
Oracle September call option implied volatility is at 31, October is at 18, December is at 19; compared to its 26-week average of 23 according to Track Data suggesting large near term price movement into the expected release of Q1 results after the close on September 18.
07:47 EDTSONSSonus shares should be bought on recent weakness, says Pacific Crest
Pacific Crest believes that the adoption of VoLTE will provide Sonus with incremental revenue opportunities for both voice and video solutions. The firm warns that the bulk of the opportunity from this catalyst is in 2015, but keeps a $6 price target and Outperform rating on the shares.
September 11, 2014
11:17 EDTORCLEMC seen as potential target after said to mull VMware stake sale
EMC (EMC) is considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW), The New York Post reported today, citing unnamed sources. Calling The New York Post "surprisingly accurate" on M&A news, UBS said the likelihood of change at EMC has increased and it has become a potential takeover target. WHAT'S NEW: EMC is exploring the possibility of selling its stake in VMware, which could be acquired by HP (HPQ), according to one source, The Post reported. EMC could also look to sell other assets, the newspaper quoted a second unnamed source as saying. ANALYST REACTION: UBS analyst Steven Milunovich wrote that he is more convinced in the wake of the Post story that "something is up" at EMC. Although EMC has denied in the past that it would consider selling or spinning off VMware, the company could change its tune, the analyst stated. HP could buy VMware or all of EMC, while Oracle (ORCL) and Cisco (CSCO) are also potential buyers of EMC, Milunovich believes.The analyst kept a $33 price target and Buy rating on shares of EMC. WHAT'S NOTABLE: Activist investor Elliott Management, a hedge fund, has taken a $1B stake in EMC and wants the company to spin off VMware, The Wall Street Journal reported in July. Early last month, research firm FBR Capital wrote that an EMC spin-off of VMware could enhance shareholder value for both companies and make VMware a top acquisition candidate by a larger technology company. The firm kept an Outperform rating on EMC at that time. PRICE ACTION: In late morning trading, EMC was little changed at $29.50, down from its earlier high of $29.89. VMware fell 0.7% to $96.75, down from its earlier daily high of $97.86.
10:30 EDTORCLUBS sees increasing likelihood of change at EMC
UBS calls the New York Post "surprisingly accurate on M&A" after the paper reported that EMC (EMC) is considering the sale of its stake in VMware (VMW). The firm believes the likelihood for change at the company is rising. In addition, UBS says the industry should consolidate, and it views EMC as a potential target. UBS thinks Cisco (CSCO), Oracle (ORCL) and HP (HPQ) might be interested parties in owning part or all of EMC. The firm believes an HP, EMC merger would make sense. UBS has a Buy rating on EMC with a $33 price target.
September 10, 2014
10:51 EDTORCLOracle September volatility elevated into Q1 and outlook
Oracle September call option implied volatility is at 28, October is at 18, December is at 19; compared to its 26-week average of 23 according to Track Data suggesting large near term price movement into the expected release of Q1 results after the close on September 18.
07:41 EDTALUBofA/Merrill to hold a conference
European High Yield & Loans Conference 2014 to be held in London, England on September 10.
07:27 EDTSONSARRIS, Sonus pullbacks bring compelling entry points, says Jefferies
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07:23 EDTORCLOracle coverage assumed with a Neutral at MKM Partners
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September 9, 2014
14:03 EDTSONSSonus Networks SBCs added to U.S. DoD approved products list
Sonus Networks announced that the Sonus SBC 5110 and Sonus SBC 5210 Session Border Controllers have completed the interoperability testing and information assurance certification for the Defense Information Systems Agency UCR2013 requirements and are posted on the JITC’s Approved Products List. The JITC APL provides a list of certified technology products for deployment in the U.S. DoD. The SBC 5110 and the SBC 5210 join the Sonus NX 1000 IP Access Switch, Promina 800 Multiplexor and VX 900, which are currently listed on the JITC’s APL.
13:33 EDTSONSSonus Networks shares jumps during Apple event
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07:29 EDTALUUBM Canon to hold a summit
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07:28 EDTALUThe Money Event, Inc to hold a conference
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07:17 EDTORCLThe Wireless Association to hold a conference
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07:11 EDTALUUBM Tech to hold a conference
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September 8, 2014
10:25 EDTSONSHigh option volume stocks:
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10:04 EDTALUAlcatel-Lucent sees commercial release of Enterprise Small Cells in early 2015
Alcatel-Lucent (ALU) has announced that it will introduce its new Enterprise Small Cell device at the beginning of 2015. In collaboration with Qualcomm Technologies, a subsidiary of Qualcomm (QCOM), Alcatel-Lucent is developing a small cell solution that will allow operators to extend superior 3G, 4G LTE and Wi-Fi connectivity and coverage into the office for in-building customers. The rapid development of the solution has led the company to extend its plans to include LTE and multi-standard residential cells, Alcatel said.
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