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Stock Market & Financial Investment News

News Breaks
April 7, 2014
10:10 EDTMSFT, SAP, PANW, IBM, N, FEYE, SPLK, WDAY, CRMAnalyst 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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February 20, 2015
11:37 EDTIBMIBM volatility low into host investor day
IBM February weekly call option implied volatility is at 17, March is at 15, July is at 17; compared to its 26-week average of 20 according to Track Data, suggesting decreasing movement into a company hosted investor day to be held in New York on February 26.
09:08 EDTFEYEFireEye price target raised to $50 from $44 at UBS
UBS raised its price target on FireEye to $50 from $44 following meetings with management. The firm cited improved business trends, new partnerships and higher state and local government spending. UBS reiterated its Buy rating on FireEye shares.
February 19, 2015
17:42 EDTCRMSalesforce.com CEO sold 125K shares for $7.39M, Barron's says
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15:32 EDTIBMIBM to host investor day
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07:12 EDTIBMWharton Health Care Club to hold a conference
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February 18, 2015
16:27 EDTMSFTiPass announces Wi-Fi agreement with Microsoft
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10:18 EDTMSFTInterDigital drops after reportedly lossing appeal in patent case
Shares of InterDigital (IDCC) are moving lower after Bloomberg reported the company lost its bid to revive patent-infringement claims against Microsoft (MSFT) and ZTE Corp. over mobile phone technologies. Shares of InterDigital are down 83c to $50.06.
07:53 EDTCRMSalesforce.com Q4 closed well, says Oppenheimer
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05:57 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
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03:20 EDTNOn The Fly: Analyst Initiation Summary
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February 17, 2015
17:29 EDTIBMBerkshire Hathaway gives quarterly update on stakes, exits Exxon Mobil
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12:26 EDTIBMIBM launches new storage software
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10:00 EDTNOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Box, Inc. (BOX) initiated with a Hold at Canaccord... Euronav NV (EURN) initiated with an Overweight at Morgan Stanley... GoPro (GPRO) initiated with an Outperform at Northland... M/A-COM (MTSI) initiated with a Neutral at BofA/Merrill... Macy's (M) initiated with an Underweight at Barclays... NetSuite (N) initiated with an Underperform at Exane BNP Paribas... Omega Healthcare (OHI) initiated with a Neutral at BofA/Merrill... Pandora (P) initiated with a Neutral at Macquarie... Pattern Energy (PEGI) coverage resumed with an Outperform at BMO Capital... Regeneron (REGN) initiated with an Outperform at Bernstein... Trovagene (TROV) initiated with an Overweight at Piper Jaffray... Vista Outdoor (VSTO) initiated with a Market Perform at Cowen.
09:09 EDTMSFTBox announces Microsoft Office cloud integration
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09:06 EDTMSFTCitrix joins Microsoft Cloud Storage Partner Program
Citrix (CTXS) announced it is an inaugural member of the new Microsoft (MSFT) Cloud Storage Partner Program.
08:11 EDTSPLKSplunk says Yahoo selects Hunk for Hadoop analytics platform
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07:50 EDTFEYEFireEye price target raised to $49 from $44 at BofA/Merrill
BofA/Merrill raised Buy rated FireEye's price target to $49 to reflect expected improvements in cash flow as investment in international infrastructure and M&A slows. The firm continues to view FireEye as a top pick given technological advantages, upside to billings and revenue growth, execution abilities, and strong sector trends.
05:51 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
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05:35 EDTNNetSuite initiated with an Underperform at Exane BNP Paribas
Target $87.
February 16, 2015
17:24 EDTIBMFIS, Oracle among those exploring Monitise bid, Sky News reports
FIS (FIS) is among the U.S. companies considering a takeover bid for Monitise, the UK mobile banking software manufacturer which put itself up for sale last month, Mark Kleinman of Sky News reports. Other possible bidders include Oracle (ORCL) and IBM (IBM), Kleinman added. He pointed out that all of the takeover discussions are said to be at an early stage. Reference Link
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