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Stock Market & Financial Investment News

News Breaks
April 7, 2014
10:10 EDTIBM, N, MSFT, SAP, PANW, CRM, FEYE, SPLK, WDAYAnalyst 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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March 16, 2015
12:56 EDTIBMIBM protest of Army contract an incremental negative for CACI, says Maxim
According to a Washington Technology article, IBM (IBM) successfully protested a $158M Army-payroll contract awarded to CACI (CACI). Maxim expects the contract to be re-evaluated and for CACI to still prevail and win, but the revenue ramp will take longer than previously anticipated. The firm rates CACI a Buy with a $101 price target.
12:54 EDTIBMContract awarded to CACI protested by IBM, Washington Technology reports
A $158M Army payroll and personnel contract that was awarded to CACI (CACI) has been successfully protested by IBM (IBM) and the contract has been dismissed, Washington Technology reports. Reference Link
11:17 EDTFEYEFireEye call activity attributed to takeover chatter
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11:02 EDTFEYERumor: FireEye strength attributed to takeover speculation
Shares of FireEye (FEYE) are moving higher on speculation Cisco (CSCO) may acquire the company.
11:00 EDTSPLKArrow Electronics and Splunk announce distribution agreement
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09:46 EDTSAPAccenture and SAP selected by CenterPoint Energy to develop analytics solution
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09:03 EDTMSFTMicrosoft price target lowered to $49 from $52 at UBS
UBS lowered its price target on Microsoft to $49 from $52 citing lower PC demand and foreign exchange headwinds. UBS reiterated its Buy rating on Microsoft shares.
07:32 EDTMSFTUBM Tech to hold a conference
Enterprise Connect 2015 is being held in Orlando, Florida on March 16-19.
March 15, 2015
16:14 EDTIBMBlackBerry collaborates with IBM, Samsung on SecuTABLET
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March 13, 2015
18:23 EDTCRMSalesforce.com CEO Benioff: Mobile data management a 'huge new area'
Marc Benioff is speaking on CNBC.
18:22 EDTCRMSalesforce.com CEO Benioff: Analytics cloud can run on Apple watch
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11:38 EDTSAPSAP CEO says media report on SAP and NSA 'misleading,' 'flawed'
SAP CEO Bill McDermott said, "Some recent media coverage about SAP HANA has been misleading and raised questions about SAP’s business activities in the public service and security sectors... We’re proud that our software is highly sought after by private businesses of all sizes, as well as by governments around the world -- from Germany and the European Union to Asia, Latin America and the United States. The subsidiaries we have created to work with governmental organizations in the U.S. and elsewhere are independently managed and are reviewed by independent external auditors. Claims that this setup allows access to customer data are false. In addition, there are no so-called "backdoors" built into SAP software and customer data cannot be retrieved externally. No company is more committed to data privacy and security than SAP." Reference Link
10:34 EDTMSFTApple joins data center group with Facebook, Microsoft, The Information says
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09:50 EDTCRMActive equity options trading on open
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09:29 EDTIBMIBM to hold a meeting with a conference call hookup
Management discusses IBM Mainframe z13 in a meeting being held in Armonk, New York on March 13 at 2 pm. Webcast Link
09:12 EDTPANW, FEYEVista exploring sale of cybersecurity company Websense, Bloomberg says
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08:17 EDTMSFTMicrosoft price target lowered to $48 from $58 at Pacific Crest
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07:49 EDTMSFTVideo game hardware sales up 10% in February, software up 7%, Game Informer says
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06:55 EDTIBMIBM considering using bitcoin tech for major currencies, Reuters says
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05:54 EDTMSFTIDC: Worldwide tablet long term growth in low single digits, Digitimes says
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