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Stock Market & Financial Investment News

News Breaks
June 26, 2014
12:12 EDTPANW, SPLK, AMZN, CSCOSplunk climbs after analyst says shares look poised to rebound
Shares of Splunk (SPLK), which creates data mining tools, are advancing slightly in a down market after research firm Wedbush wrote in a note to investors earlier today that the stock is well-positioned to advance. WHAT'S NEW: Splunk's stock has tumbled 27% this year, while its high-growth software peers covered by Wedbush have been flat on average in 2014, analyst Steve Koenig wrote. After speaking with a number of Splunk's resellers and customers, the analyst believes that its products are becoming more popular. Moreover, Splunk's products appear to be several years ahead of its competitors, Koenig stated. Additionally, partnerships that the company has signed with a number of tech firms - including Cisco (CSCO), Amazon (AMZN), and Palo Alto (PANW) - will make it harder for competitors to put a dent in its market share, the analyst believes. With Splunk increasing the size of its sales force, the company's revenue growth could exceed expectations by as much as ten percentage points in the second half of fiscal 2015, Koenig stated. He kept a $67 price target and Outperform rating on the shares.PRICE ACTION: In early afternoon trading, the shares climbed 1% to $53.82. Splunk's stock is up 17% in the last month.
News For SPLK;CSCO;AMZN;PANW From The Last 14 Days
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February 23, 2015
10:31 EDTAMZNEPIX announces extension to Prime Instant Video agreement
EPIX announced that it has extended its agreement with Amazon to license thousands of new releases, classic library titles and original programs for Prime Instant Video. Programming from the agreement includes movies from EPIX studio partners, Paramount Pictures, Lionsgate and Metro-Goldwyn-Mayer Pictures, and delivers new releases such as Transformers: Age of Extinction, Teenage Mutant Ninja Turtles, Interstellar, Selma and The Hunger Games: Mockingjay Part 1, along with classic big film franchises including James Bond, Star Trek, Rocky and more.
10:15 EDTPANWCyberArk sinks after JPMorgan analyst cuts rating to sell
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08:27 EDTPANWPalo Alto price target raised to $150 from $130 at Pacific Crest
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07:28 EDTSPLKSplunk risk/reward favorable into Q4 results, says William Blair
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05:52 EDTPANWCyberArk downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded Cyberark Software (CYBR) to Underweight, its sell-equivalent, saying "a lot needs to go right" to justify the current valuation. JPMorgan keeps a $42 price target for the stock, well below Friday's closing price of $70.35. It points out that CyberArk's valuation is in-line with Palo Alto Networks (PANW), despite the latter company's total addressable market being roughly five times larger in its estimation. Cyberark is an Israel-based security company offering protections against cyber attacks.
February 22, 2015
18:09 EDTCSCOArista Networks shares could be a bargain, Barron's says
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February 20, 2015
16:03 EDTAMZNOptions Update; February 20, 2015
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09:38 EDTAMZNActive equity options trading on open
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07:10 EDTAMZNBrean Capital to hold a bus tour
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06:04 EDTAMZNAmazon expands two-hour delivery program to Brooklyn, Re/code says
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February 19, 2015
10:16 EDTAMZNAmazon advances after Munster says margin could jump
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07:17 EDTAMZNMaxim to hold a bus tour
Internet/Tech Bus Tour travels throughout Seattle, Washington to various with various industry companies on February 19.
05:47 EDTAMZNAmazon.com price target raised to $475 from $420 at Piper Jaffray
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February 18, 2015
09:02 EDTAMZNAmazon says has greenlit five new Amazon Original Series
Amazon announced it has greenlit five new Amazon Original Series, including The Man in the High Castle, which is based on the Philip K. Dick alternative history novel; an hour-long dark comedy Mad Dogs; docu-series The New Yorker Presents; along with kids shows Just Add Magic, and The Stinky & Dirty Show.
08:43 EDTAMZNIAC, Qualcomm, Amazon seen as breakup candidates, Bloomberg says
Website holding company IAC/InterActiveCorp (IACI), chipmaker Qualcomm (QCOM), and e-commerce giant Amazon.com (AMZN) are all see by analysts as potential candidates for breakups or spin-offs, according to Bloomberg's "Real M&A" column. Reference Link
February 17, 2015
16:00 EDTAMZNOptions Update; February 17, 2015
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11:25 EDTCSCOCisco partners with France to invest $100M in French startups, TechCrunch says
French Prime Minister Manuel Valls announced Monday a partnership with Cisco that will see the company investing $100M in French startups in coming years, reports TechCrunch, citing government statements and remarks by Cisco CEO John Chambers. The partnership also involves collaborating on cybersecurity, "smart" networks and cities, and an education initiative aimed at teaching network infrastructure to 200,000 people. Reference Link
09:40 EDTAMZNActive equity options trading on open
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08:11 EDTSPLKSplunk says Yahoo selects Hunk for Hadoop analytics platform
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05:52 EDTCSCOSony to establish alliance to promote Ultra HD technology, DigiTimes reports
Sony (SNE) is planning to form an alliance with 10 companies including Cisco (CSCO) and Rohde & Shwarz to boost IP-based Ultra HD video broadcasts, reports DigiTimes. According to industry sources, the alliance named IP Life Consortium will allow TV stations worldwide to set up Ultra HD infrastructure with lower costs. Reference Link
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