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Stock Market & Financial Investment News

News Breaks
January 23, 2014
06:50 EDTSPLKSplunk 6M share Secondary priced at $81.00
Morgan Stanley, Credit Suisse, JPMorgan and BofA/Merrill acted as joint book running managers for the offering.
News For SPLK From The Last 14 Days
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February 10, 2016
11:20 EDTSPLKOptions with increasing implied volatility
Options with increasing implied volatility: ZIOP ETE INFN X PSEC PAGP MRO ETP SPLK HCP
February 9, 2016
10:01 EDTSPLKOn The Fly: Analyst Initiation Summary
Today's noteworthy imitations include: ANSYS (ANSS) initiated with an Overweight at Mitsubishi UFJ... Antero Midstream (AM) initiated with a Buy at Janney Capital... Autodesk (ADSK) initiated with a Neutral at Mitsubishi UFJ... Cheesecake Factory (CAKE) initiated with a Buy at Maxim... Depomed (DEPO) initiated with a Buy at UBS... Fleetmatics (FLTX) initiated with a Market Perform at Avondale... Glaukos (GKOS) initiated with an Overweight at Piper Jaffray... La Jolla (LJPC) initiated with an Outperform at Cowen... Manhattan Associates (MANH) initiated with a Market Perform at Avondale... Metabolix (MBLX) initiated with a Buy at Rodman & Renshaw... Opower (OPWR) initiated with an Outperform at Avondale... Social Reality (SCRI) initiated with a Buy at Rodman & Renshaw... Splunk (SPLK) initiated with an Overweight at Mitsubishi UFJ... Sucampo (SCMP) initiated with a Buy at UBS... Ultragenyx (RARE) initiated with a Buy at H.C. Wainwright... Workday (WDAY) initiated with an Overweight at Mitsubishi UFJ.
February 8, 2016
16:20 EDTSPLKSplunk initiated with an Overweight at Mitsubishi UFJ
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10:26 EDTSPLKOptions with increasing implied volatility
Options with increasing implied volatility: WMB SPLK Z PANW CRM PAGP LGF SQQQ WDAY ETP
February 5, 2016
16:12 EDTSPLKOn The Fly: Top stock stories for Friday
Stocks began the session in negative territory and remained there throughout the day. The monthly jobs report showed job growth had slowed more that expected in January, along with indicating higher than expected wage inflation due to the minimum wage increases around the country. Also weighing on the market were the worse than expected forecasts from some companies with previously high-flying stocks, including professional social network operator LinkedIn (LNKD). The Nasdaq was the biggest decliner losing more than 3% of its value, though the S&P and Dow also finished with significant losses. ECONOMIC EVENTS: In the U.S., nonfarm payrolls rose 151,000 in January, versus expectations for an increase of 190,000. The unemployment rate fell to 4.9%, versus expectations for it to stay at 5.0%. Average hourly earnings climbed 0.5% month-over-month, versus the consensus forecast for them to rise 0.3%. The trade deficit widened 2.7% to $43.4B in December, as exports dipped 0.3% and imports rose 0.3%. Consumer credit surged $21.3B in December, topping the $16B increase that was expected. COMPANY NEWS: LinkedIn plunged 43.68% to $108.49 after the professional network reported stronger than expected fourth quarter results, but its 2016 guidance came in significantly below expectations. At least nine Wall Street research firms responded to the guidance miss by downgrading the stock. "Big Data" software provider Tableau (DATA) similarly issued full-year guidance significantly below expectations and also fell sharply, tumbling 49.57% to $41.27. A number of companies that sell software to businesses fell in the wake of their reports, including Splunk (SPLK), Qlik Technologies (QLIK), NetSuite (N), Salesforce (CRM) and Workday (WDAY). MAJOR MOVERS: Among the notable gainers following their earnings reports were packaged foods maker Post Holdings (POST), which gained 11.14% to $63.83, and meat producer Tyson Foods (TSN), which advanced Among the noteworthy losers was Lionsgate (LGF), falling 27% to $18.57 after its third quarter revenue and earnings declined, which the company attributed to the performance of its theatrical film slate. Lionsgate's post-earnings pullback also weighed on Starz (STRZA), which fell 22.2%. Bloomberg reported earlier in the week, citing sources, that Lionsgate had restarted talks to possibly acquire Starz. Also lower following their earnings reports were shares of Redbox parent Outerwall (OUTR), which fell 17.28%, and Hanesbrands (HBI), which slid 15.1%. INDEXES: The Dow fell 211.75, or 1.29%, to 16,204.83, the Nasdaq lost 146.42, or 3.25%, to 4,363.14, and the S&P 500 declined 35.43, or 1.85%, to 1,880.02.
12:12 EDTSPLKOn The Fly: Top stock stories at midday
Stocks began the day lower and have seen little in the way of buying since the open. As the market digested the monthly jobs data and watched the price of oil turn negative, the selling that had taken a two day break was renewed. The Nasdaq is the biggest loser, falling over 2%, while the Dow is down about 1%. ECONOMIC EVENTS: In the U.S., nonfarm payrolls rose 151,000 in January, versus expectations for an increase of 190,000. The unemployment rate fell to 4.9%, versus expectations for it to stay at 5.0%. Average hourly earnings climbed 0.5% month-over-month, versus the consensus forecast for them to rise 0.3%. The trade deficit widened 2.7% to $43.4B in December, as exports dipped 0.3% and imports rose 0.3%. A report on Consumer Credit growth in December is due out at 3 pm ET. COMPANY NEWS: The shares of LinkedIn (LNKD) plunged 40% after the professional network reported stronger than expected fourth quarter results, but its 2016 guidance came in significantly below expectations. At least nine Wall Street research firms responded to the guidance miss by downgrading the stock... Also tumbling in the wake of its quarterly report was "Big Data" software provider Tableau (DATA), which fell 47% after its full-year guidance came in significantly below expectations. Tableau blamed its guidance miss on weaker IT spending trends, as well as competition, and a number of other companies that sell software to businesses also fell following its report, including peer Splunk (SPLK), NetSuite (N), Salesforce (CRM) and Workday (WDAY). MAJOR MOVERS: Among the notable gainers was Cempra (CEMP), which gained about 5% after it said that its solithromycin drug met primary and secondary objectives in its Phase 3 study. Also higher were Tyson Foods (TSN) and Post Holdings (POST), which gained 10% and 11.5%, respectively, after reporting quarterly earnings. Among the noteworthy losers was Vertex (VRTX), which fell 5% after the FDA said that it cannot currently approve a label expansion for Kalydeco in children with residual function mutations. Also lower were Lion's Gate (LGF), YRC Worldwide (YRCW), and Redbox-parent Outerwall (OUTR), which were down 33%, 30%, and 17%, respectively, after reporting quarterly earnings. INDEXES: Near midday, the Dow was down 171.21, or 1.04%, to 16,245.37, the Nasdaq was down 110.39, or 2.45%, to 4,399.17, and the S&P 500 was down 27.10, or 1.41%, to 1,888.35.
11:23 EDTSPLKOptions with increasing put volume
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11:21 EDTSPLKTableau guidance weighs down enterprise software space
The shares of Tableau (DATA) are tumbling after the company reported stronger than expected fourth quarter earnings and revenue, but its full-year guidance came in significantly below expectations. A number of analysts responded to the news by cutting their price targets on the developer of software used to analyze data. WHAT'S NEW: Tableau reported Q4 earnings per share of 33c, versus the consensus outlook of 16c, and the company's revenue came in slightly above expectations. However, the company provided fiscal 2016 EPS guidance of 22c-35c, versus the consensus outlook of 62c. Moreover, its 2016 revenue guidance came in at $830M-$850M ,versus the consensus outlook of $871M. Tableau said it expects 2016 to be "another investment year," adding that the productivity of its sales force declined last year. Tableau blamed its guidance miss on weaker IT spending trends and competition. ANALYST REACTION: Tableau's Q4 results missed the expectations of some investors, wrote Jefferies analyst John DiFucci, who cut his price target on the name to $65 from $92. Qlik Sense, a free desktop product offered by Tableau's competitor, Qlik Technologies (QLIK), may be negatively impacting Tableau, DiFucci believes. Meanwhile, Tableau's execution risk is increasing as the size of its deals rise, added the analyst, who kept a Hold rating on the shares. DiFucci noted that a softening spend environment was given as a reason for Tableau's disappointing guidance, but said he continues to hear of a decent spending environment in the field. However, Stifel analyst Tom Roderick wrote that Tableau's results show that the global economic slowdown has begun to negatively impact IT spending. Calling the company a victim of the large growth it has generated in the past, the analyst believes that the company's competitive position is still strong. He cut his price target on the name to $100 from $145 but kept a Buy rating on the shares. PRICE ACTION: In late morning trading, Tableau tumbled 46% to $44.41. Other companies that sell software to businesses also fell, with "Big Data" peer Splunk (SPLK) plunging 24% to $35.84, Qlik falling 18% to $20.51, NetSuite declining 12.5% to $61.40 and Workday (WDAY) dropping 14.5% to $55.47.
February 4, 2016
19:30 EDTSPLKOn The Fly: After Hours Movers
UP AFTER EARNINGS: Ubiquiti Networks (UBNT), up 18.3%... Symantec (SYMC), up 9.3%... Hartford Financial (HIG), up 7.4%... Post Holdings (POST), up 6.3%... Lumentum (LITE), up 4.7%... TTM Technologies (TTMI), up 1.1%. ALSO HIGHER: Multi-Fineline (MFLX), up 40% after agreeing to be acquired for $23.95 per share. DOWN AFTER EARNINGS: Tableau Software (DATA), down 35.2%... LinkedIn (LNKD), down 29%... Giga-tronics (GIGA), down 28.6%... Hanesbrands (HBI), down 11.4%... YRC Worldwide (YRCW), down 18.8%... Outerwall (OUTR), down 14.2%... Deckers Outdoor (DECK), down 9.9%... Qorvo (QRVO), down 1.3%... athenahealth (ATHN), down 3.7%. ALSO LOWER: Hess (HES), down 6.7% after filing to sell 25M common shares and 10M depositary shares... Splunk (SPLK) is down 10.4%, Qlik Technologies (QLIK) is down 11.4%, Workday (WDAY) is down 6.2%, and Palo Alto Networks (PANW) is down 3% after Tableau Software reported quarterly results... Groupon (GRPN) is down 1.9%, Netflix (NFLX) is down 1.7%, Twitter (TWTR) is down 1.7%, and Facebook (FB) is down 1% are down after LinkedIn reported quarterly results.
16:50 EDTSPLKSplunk drops 10% after peer Tableau reports
Shares of Splunk (SPLK) are down 10% in after-hours trading to $42.54 after big data peer Tableau's (DATA) Q4 earnings report disappointed investors.
February 3, 2016
09:01 EDTSPLKSplunk initiated with a Buy at Maxim
Maxim analyst Nehal Chokshi started Splunk with a Buy rating and $67 price target.

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