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Stock Market & Financial Investment News

News Breaks
May 19, 2014
08:35 EDTCTXS, SPRTSupport.com appoints Elizabeth Cholawsky as CEO
Support.com (SPRT) announced that its board has appointed Elizabeth Cholawsky as president and CEO. Cholawsky comes to Support.com from Citrix Systems (CTXS) where she most recently served as general manager and vice president of the IT Support and Access lines of business.
News For SPRT;CTXS From The Last 14 Days
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April 23, 2015
10:00 EDTCTXSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ADTRAN (ADTN) downgraded to Hold from Buy at Needham... Angie's List (ANGI) downgraded to Underperform from Market Perform at Northland... BG Group (BRGYY) downgraded to Hold from Overweight at HSBC... Brink's (BCO) downgraded to Neutral, sees 'imminent' downside risk, says Macquarie... Citrix (CTXS) downgraded to Hold from Buy at Evercore ISI... Cognex (CGNX) downgraded to Perform from Outperform at Oppenheimer... Cytec Industries (CYT) downgraded to Equal-Weight from Overweight at First Analysis... Enbridge (ENB) downgraded to Neutral from Outperform at Credit Suisse... Ensco (ESV) downgraded to Underweight from Equal Weight at Morgan Stanley... F5 Networks (FFIV) downgraded to Neutral from Buy at MKM Partners... Fulton Financial (FULT) downgraded to Market Perform from Outperform at Keefe Bruyette... Halcon Resources (HK) downgraded to Neutral from Outperform at Baird... Heartland Express (HTLD) downgraded on limited earnings growth at Raymond James... Informatica (INFA) downgraded to Market Perform from Outperform at JMP Securities... Knight Transportation (KNX) downgraded to Outperform from Strong Buy at Raymond James... LegacyTexas Financial (LTXB) downgraded to Outperform from Strong Buy at Raymond James... Masco (MAS) downgraded to Neutral from Buy at Citigroup... MobileIron (MOBL) downgraded to Equal Weight from Overweight at Morgan Stanley... Noble Corp. (NE) downgraded to Underweight from Equal Weight at Morgan Stanley... Omnicare (OCR) downgraded to Neutral from Outperform at Credit Suisse... Owens Corning (OC) downgraded to Sell from Neutral at Citigroup... Qualcomm (QCOM) downgraded to Neutral from Outperform at Exane BNP Paribas... RAM Energy (RAME) downgraded to Neutral from Outperform at Baird... Repsol (REPYY) downgraded to Reduce from Hold at HSBC... Stillwater Mining (SWC) downgraded on lack of catalysts at BB&T... Texas Capital (TCBI) downgraded to Outperform from Strong Buy at Raymond James... Texas Instruments (TXN) downgraded to Neutral from Buy at BofA/Merrill... Total (TOT) downgraded to Hold from Buy at Deutsche Bank... Transocean (RIG) downgraded to Underweight from Equal Weight at Morgan Stanley.
06:33 EDTCTXSCitrix downgraded to Hold from Buy at Evercore ISI
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April 22, 2015
16:15 EDTCTXSCitrix sees FY15 EPS $3.55-$3.60, consensus $3.53
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16:13 EDTCTXSCitrix sees Q2 EPS 80c-83c, consensus 86c
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16:11 EDTCTXSCitrix reports Q1 EPS 65c, consensus 65c
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15:30 EDTCTXSNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include eBay (EBAY), consensus 70c... Facebook (FB), consensus 40c... Texas Instruments (TXN), consensus 62c... Las Vegas Sands (LVS), consensus 72c... Qualcomm (QCOM), consensus $1.33... AT&T (T), consensus 62c... F5 Networks (FFIV), consensus $1.50... Plexus (PLXS), consensus 69c... Skechers (SKX), consensus $1.01... Select Comfort (SCSS), consensus 41c... Tractor Supply (TSCO), consensus 41c... Covanta (CVA), consensus (8c)... Crown Castle (CCI), consensus $1.09... Torchmark (TMK), consensus $1.05... Ameriprise (AMP), consensus $2.33... Polycom (PLCM), consensus 21c... Citrix (CTXS), consensus 65c... Core Laboratories (CLB), consensus 85c... Graco (GGG), consensus 78c... Cheesecake Factory (CAKE), consensus 48c... Equifax (EFX), consensus $1.02... SLM (SLM), consensus 7c... Xilinx (XLNX), consensus 50c... O'Reilly Automotive (ORLY), consensus $1.94... Susquehanna (SUSQ), consensus 18c... Raymond James (RJF), consensus 83c... SL Green Realty (SLG), consensus $1.49... CoreLogic (CLGX), consensus 31c... Oceaneering (OII), consensus 62c... Valmont (VMI), consensus $1.49... Brandywine Realty (BDN), consensus 32c... Weatherford (WFT), consensus 1c.
07:07 EDTSPRTSupport.com announces partnership with BeQuick, RevenueWire
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April 16, 2015
08:00 EDTCTXSCitrix will use part of GoTo sales proceeds to buy back shares, says Bernstein
After CRN reported that Citrix is considering a divestiture of its Online Services businesses, Bernstein expects the company to sell its GoTo businesses for $2.1B and use a portion of the proceeds to repurchase shares, possibly shrinking its share count by 10%-20%. The firm says it would view the move positively and keeps an Outperform rating on the stock.
April 15, 2015
10:03 EDTCTXSHigh option volume stocks
High option volume stocks: SKS NSAM AMP CTXS KS WUBA CIT OC ASML SLM
09:39 EDTCTXSCitrix weighing sale of online services subsidiary, CRN reports
Citrix Systems (CTXS) is weighing the sale of spinoff of its online services subsidiary, CRN reported last night, citing sources familiar with the matter. The unit includes GoToMeeting Web conferencing and GoToMyPC remote access apps, the website pointed out. Shares of Citrix are up $1.58 to $65.59 in early trading. Reference Link
April 10, 2015
13:35 EDTCTXSCitrix falls after guidance cut, but analyst says M&A potential may limit slide
The shares of Citrix (CTXS) are falling after the company lowered its first quarter guidance, but RBC Capital wrote that the miss could increase investors' focus on potential activism or M&A scenarios. The company provides virtualization and cloud infrastructure solutions. WHAT'S NEW: Citrix last night lowered its first quarter earnings per share guidance to 63c-65c from its previous outlook of 70c-72c. Analysts' consensus estimate was 72c. Citrix reduced its Q1 revenue view to $755M-$760M from $780M-$790M. Analysts' consensus estimate was $787M. The company said that it had underestimated the impact of its restructuring and changes to its field and channel strategies. Those changes had been made in order to prepare the business for its next phase of growth, Citrix added. Foreign exchange fluctuations and customer buying behavior also impacted the results, the company stated. ANALYST REACTION: In a note to investors earlier today, RBC Capital analyst Matthew Hedberg wrote that the preannouncement could increase investors' focus on potential activism or M&A scenarios. As a result, the stock is unlikely to drop much further, the analyst stated. In an M&A scenario, the stock would be worth $79-$83 per share, estimated Hedberg after analyzing recent sizable transactions involving software companies. However, he warned that the company may need to implement additional restructuring measures in order to obtain the one percentage point of leverage from restructuring that it is seeking. Hedberg trimmed his price target on the shares to $67 from $69 and kept a Sector Perform rating on the shares. WHAT'S NOTABLE: Another firm, William Blair, downgraded Citrix Systems to Market Perform from Outperform after the company preannounced weaker than expected Q1 results. On April 7, Stifel said it viewed Citrix as an "interesting name" for the rest of the year and thinks activist investors could get involved if the company's turnaround does not progress quickly enough. The firm calculated that, using a similar take out multiple to what is being paid for peer Informatica (INFA), equates to a $110 price for Citrix. Earlier that day, Informatica announced it has entered into an agreement to be acquired by a company controlled by the Permira funds and Canada Pension Plan Investment Board, or CPPIB, for approximately $5.3B, or $48.75 per share. PRICE ACTION: In mid-afternoon trading, Citrix fell 2% to $63.35.
10:07 EDTCTXSHigh option volume stocks
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10:00 EDTCTXSOn The Fly: Analyst Downgrade Summary
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09:16 EDTCTXSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Quantum (QTM), up 22.2%. ALSO HIGHER: General Electric (GE), up 6.6% after announcing that it will sell most of GE Capital assets for approximately $26.5B... Horizon Pharma (HZNP), up 3.7% after receiving fast track designation for Actimmune... Tekmira Pharmaceuticals (TKMR), up 2.3% after FDA modifies partial clinical hold on Tekmira TKM-Ebola IND... Netflix (NFLX), up 2.9% after being upgraded to Buy from Neutral at Citigroup... Blackstone Mortgage Trust (BXMT), up 3.6% after acquiring $4.6B loan portfolio from GE Capital. LOWER: Citrix Systems (CTXS), down 5.8% after lowering first quarter guidance... Uniqure (QURE), down 2.4% after 3M share Secondary priced at $29.50... FIS (FIS), down 2.5% after lowering first quarter guidance... Golub Capital (GBDC), down 2.3% after 3.5M share Spot Secondary priced at $17.42.
09:02 EDTCTXSCitrix news may increase focus on activism/M&A scenarios, says RBC Capital
After Citrix lowered its Q1 EPS guidance, RBC Capital thinks the preannouncement could increase investors' focus on potential activism and/or M&A scenarios. As a result, the firm thinks the stock can reach $71-$83. However, it keeps a Sector Perform rating on the shares.
05:46 EDTCTXSCitrix downgraded to Market Perform from Outperform at William Blair
William Blair downgraded Citrix Systems to Market Perform after the company preannounced weaker than expected Q1 results.

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