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Stock Market & Financial Investment News

News Breaks
April 7, 2014
10:10 EDTSAP, PANW, IBM, N, MSFT, WDAY, CRM, FEYE, SPLKAnalyst sees 'golden' opportunity after software stocks decline
The recent decline in high-growth software names has created a buying opportunity, FBR Capital analyst Daniel Ives wrote in a note to investors earlier today. The analyst recommended buying several names that he thinks fit this category, identifying Splunk (SPLK), salesforce.com (CRM), Workday (WDAY), FireEye (FEYE), Netsuite (N), and Palo Alto (PANW) as stocks that should be bought following their recent sell-off. WHAT'S NEW: There has been "panic-like" selling of high valuation software stocks, partly due to fears about seasonally weak first quarter results and the general rotation into value names, Ives wrote. However, the analyst suggested that the stocks named above are "winners" in high growth markets, with annual growth rates that should be well above 3%-5%. The sell-off in software names was not caused by fundamental issues and the declines in the top high growth companies has created a "golden buying opportunity," Ives added. Additionally, the analyst wrote that he would not be surprised if a tech giant, such as Microsoft (MSFT), IBM (IBM), or SAP (SAP), acquires a data, cloud or cybersecurity company in the wake of the recent downturns in their stocks. PRICE ACTION: In early trading, Splunk added 0.7% to $63.14, salesforce.com rose 1.4% to $55.02, Workday climbed 0.6% to $81.16, FireEye rebounded 2% to $51.42, Netsuite was little changed at $84.65, and Palo Alto gained 0.8% to $63.55.
News For SPLK;CRM;WDAY;FEYE;N;PANW;MSFT;IBM;SAP From The Last 14 Days
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August 20, 2015
18:44 EDTCRMSalesforce CEO says will be fourth largest software company by next year
Says continues to sign record number of large deals with key customers. Says has clear trajectory to $10B in revenue and expects to go through that as well. Marc Benioff is speaking on CNBC.
18:07 EDTIBMBrocade seeing pressure in server business due to IBM-Lenovo deal
Brocade (BRCD) says "where we've really seen pressure has been in our server related business," due to market conditions as well as divestiture of IBM's (IBM) commodity business to Lenovo (LNVGY). Says growth of flash storage continues to be one of the "most disruptive" factors in data center. Comments taken from Q3 earnings conference call.
18:00 EDTCRMSalesforce says Q2 'best quarter ever' for company
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16:43 EDTCRMSalesforce reports Q2 subscription and support revenues $1.52B
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16:42 EDTCRMSalesforce reports deferred revenue on balance sheet of $3.03B as of July 31
Deferred revenue on the balance sheet as of July 31 was $3.03B, an increase of 29% year-over-year, and 33% in constant currency. Unbilled deferred revenue, representing business that is contracted but unbilled and off balance sheet, ended the quarter at approximately $6.2B, up 24% year-over-year.
16:26 EDTCRMSalesforce up 3.5% to $70.20 after raising FY16 outlook
16:10 EDTCRMSalesforce CEO says on pace to reach $7B run rate later this year
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16:09 EDTCRMSalesforce sees FY16 operating cash flow growth approximately 24%-25% YoY
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16:07 EDTCRMSalesforce raises FY16 adjusted EPS view to 70c-72c from 69c-71c
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16:06 EDTCRMSalesforce sees Q3 adjusted EPS 18c-19c, consensus 18c
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16:05 EDTCRMSalesforce reports Q2 adjusted EPS 19c, consensus 18c
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15:41 EDTCRMSalesforce August 69 straddle priced for 8.1% movement into Q2
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14:42 EDTCRMNotable companies reporting after market close
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14:17 EDTCRMSalesforce technical comments ahead of earnings
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13:31 EDTMSFTMicrosoft could unveil Surface Pro 4 at October event, The Verge reports
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12:32 EDTCRM, MSFTEarnings Watch: Salesforce shares up fractionally since last earnings report
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10:00 EDTNOn The Fly: Analyst Initiation Summary
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09:25 EDTCRMSalesforce August volatility increases into Q2 and outlook
Salesforce August call option implied volatility is at 116, September is at 45; compared to its 52-week range of 25 to 59, suggesting large price movement into the expected release of Q2 results today.
08:02 EDTMSFTFCC to hold a conference and workshop
2015 Supplier Diversity Conference & Workshop is being held at FCC Washington, D.C. offices on August 20 at 9:30 am. Webcast Link
07:11 EDTNNetSuite initiated with a Neutral at Susquehanna
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