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Stock Market & Financial Investment News

News Breaks
June 26, 2014
12:12 EDTSPLK, CSCO, AMZN, PANWSplunk 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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October 15, 2014
06:32 EDTAMZNTablet supply chains expect lagging orders in Q4, DigiTimes reports
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06:25 EDTAMZNAmazon starts same-day deliveries in the U.K., FT reports
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06:15 EDTCSCOCisco lays off 900 in San Jose area, Silicon Valley Business Journal says
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October 14, 2014
18:20 EDTPANWOn The Fly: After Hours Movers
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17:41 EDTPANWPalo Alto CEO sees reaching operating margins goal within next two years
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17:39 EDTPANWPalo Alto CEO not concerned about margins
17:37 EDTPANWPalo Alto CEO says customers more thoughtful about purchases
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09:37 EDTAMZNActive equity options trading on open
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08:35 EDTAMZNAmazon set to open first retail store in San Francisco, GeekWire reports
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06:23 EDTAMZNAmazon.in, Future Group enter into a strategic partnership
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06:19 EDTAMZNGoogle expands Express delivery service, to charge membership fee
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October 13, 2014
16:02 EDTAMZNOptions Update; October 13, 2014
iPath S&P 500 VIX Short-Term Futures up 3.71 to 39.56. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX SUNE GILD BAC PBR according to Track Data.
13:10 EDTAMZNGoogle's Schmidt says Amazon is company's biggest search rival, FT reports
Eric Schmidt, the executive chairman of Google (GOOG), says Amazon (AMZN) is his company's biggest rival in search, not Bing (MSFT) or Yahoo (YHOO), the Financial Times reports. Schmidt also argued in Berlin that Google should not be regulated "as if it were the gatekeeper of the internet," given the influence of Amazon and Facebook (FB). Reference Link
11:24 EDTAMZNAmazon to create 1,000 new permanent jobs at UK fulfillment centers
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09:23 EDTSPLKHP could buy lower valuation company, says Bernstein
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09:03 EDTAMZNAmazon says Prime members to get early access to select Lightning Deals
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08:31 EDTAMZNAmazon, Future Group in online sales pact, Economic Times reports
India's largest listed retailer, Future Group, has signed a deal to jointly sell items over the Internet with Amazon, reported Economic Times, which noted that Future will begin by selling apparel and then expand to in-house brands in the home, electronics and food categories. Reference Link
06:04 EDTSPLKSplunk upgraded to Outperform from Market Perform at William Blair
William Blair upgraded Splunk to Outperform citing better earnings visibility and more reasonable valuation levels.
October 12, 2014
17:34 EDTPANWJPMorgan to double spending on cybersecurity over next five years, WSJ says
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17:20 EDTAMZN, SPLK, CSCOGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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