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January 24, 2013
15:06 EDTSBUX, JNPR, MSFT, ETFC, VRSN, KLAC, TCompanies reporting After the Market Close on Thursday, January 24
Notable companies reporting after the closing bell on Thursday include AT&T (T), E*TRADE Financial (ETFC), Juniper Networks (JNPR), KLA-Tencor (KLAC), Microsoft (MSFT), Starbucks (SBUX), and Verisign (VRSN).
News For T;ETFC;JNPR;KLAC;MSFT;SBUX;VRSN From The Last 14 Days
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September 24, 2015
05:22 EDTSBUXStocks with implied volatility below IV index mean; LULU SBUX
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September 23, 2015
20:08 EDTMSFTChinese president visits U.S. amid cybersecurity, copyright worries
As part of his first official U.S. visit, Chinese president Xi Jinping held a meeting with American business leaders on Wednesday to address concerns of copyright infringement and cybersecurity, among numerous topics. In attendance were corporate giants from both nations, including Microsoft (MSFT), Apple (AAPL), Amazon (AMZN), Cisco (CSCO), Alibaba (BABA), Tencent (TCEHY), and Baidu (BIDU), according to media reports. COPYRIGHT CONCERNS: Responding to oft-cited concerns of copyright infringement by Chinese companies, Xi said China will "stand firm to protect" the intellectual property rights of American companies, according to Wall Street Journal coverage of the event. Note that in late 2014, China began establishing specialized courts to deliberate on intellectual property rights cases, and Xi commented Wednesday that "the newly established IPR courts are working smoothly. This means there will be much stronger IPR protection which will serve the interests of foreign businesses as well as Chinese companies." Chinese consumer electronics company Xiaomi is perhaps the most talked-about firm when it comes to the matter, with media outlets frequently criticizing its alleged "copying" of Apple design sensibilities. In mid-July, Xiaomi VP of global operations Hugo Barra told Bloomberg that the company is preparing to enter U.S. markets, though he cautioned that the launch could be "much more" than a year away as it seeks to build up its patent portfolio. CYBERSECURITY TENSIONS: Wednesday's meeting comes in the wake of numerous high-profile "hack attacks," with Sony (SNE), American Airlines (AAL), Anthem (ANTM), United Airlines (UAL), and Target (TGT) all reporting digital security breaches in recent years. Xi has consistently denied the involvement of state-backed hackers, but tensions have nevertheless arisen as cybersecurity firms such as FireEye (FEYE) and Palo Alto Networks (PANW) backtrace connections to the country. Cybersecurity intrusions originating from China have recently slowed ahead of Xi's visit, according to Reuters, with Kevin Mandia of security firm Mandiant telling the publication, "In my gut, I feel like the Chinese and the U.S. over the next couple of years are going to figure this out."
17:41 EDTTAT&T, CSC announce hybrid cloud management platform
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16:13 EDTMSFTMicrosoft partners with Baidu for Windows 10 upgrade
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11:48 EDTTSynchronoss drops after concerns raised about Verizon cloud business
After Verizon (VZ) recently reduced the amount of free cloud storage it provides to customers as part of its cost cutting efforts, analysts at Baird told investors they were "increasingly concerned" that the telecom giant is "no longer fully committed" to the white-label cloud product it offers via its agreement with cloud services provider Synchronoss Technologies (SNCR). Analysts at two other firms have issued defenses of Synchronoss in the wake of its sharp decline today. BEARISH VIEW: After Version cut its free cloud storage to 5GB from 25GB, Baird said it believed the Telco is less committed to Synchronoss' cloud offering, which the firm contended will "likely have revenue implications for 2016." The firm, which said it has had a negative bias on Synchronoss due to long-term cloud competitive concerns and the lack of growth outside of AT&T (T) and Verizon, has a Neutral rating on the cloud services provider's shares. DEFENSES: JPMorgan analyst Sterling Auty attributes today's pullback in shares of Synchronoss to the concerns raised about the potential loss of Verizon as a cloud customer. Auty, however, sees "no chance" of Synchronoss losing Verizon as a customer in the near-term since the wireless carrier recently renewed its contract with the company for multiple years. He views today's selloff as a "significant overreaction" and recommends buying Synchronoss at current levels. Also noting concerns raised about Synchronoss' potential loss of some cloud business, Wells Fargo said even if Synchronoss' cloud business exhibited zero growth in 2016 from 2015, shares would be compelling at current levels. The firm views the selloff as overdone and reiterates its Overweight rating on Synchronoss shares. PRICE ACTION: Synchronoss shares, which dipped as low as $27.86 this morning, are off their worst levels but remain down $4.65 to $32.74 in late morning trading.
10:24 EDTJNPROptions with increasing implied volatility
Options with increasing implied volatility: SNCR PTCT SRPT AMZN CREE CMG ISRG QLIK SNKD BIIB JNPR
10:00 EDTMSFTMicrosoft and mcaConnect form joint program offering AX4Lean
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09:18 EDTSBUX, MSFTPaulson Institute and CCPIT to co-host U.S.-China Business Roundtable
The Paulson Institute and the China Council for the Promotion of International Trade (CCPIT) provide an opportunity for U.S. and Chinese business leaders to discuss issues facing the two countries in a roundtable being held in Seattle, Washington on September 23.
08:07 EDTMSFTDataStax announces strategic collaboration with Microsoft
DataStax announced a strategic collaboration with Microsoft to deliver Internet of Things, Web and mobile applications in public, private or hybrid cloud environments. With DataStax Enterprise available on Azure, Microsoft's cloud computing platform, enterprises can quickly build high-performance applications that can massively scale and remain operationally simple across public and private clouds, with ease and at lightning speed.
07:51 EDTSBUXStarbucks fails to provide better labor practices, NY Times reports
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September 22, 2015
10:36 EDTJNPRGoldman upbeat on telecom equipment, lukewarm on IT hardware
The telecom equipment sector has a number of positive catalysts, Goldman Sachs wrote in a note to investors today. The firm has a neutral view on the IT Hardware sector, however, noted the analyst team that took over coverage of the stocks in the space. WHAT'S NEW: Telecom equipment companies should benefit from spending on 100G wide area network upgrades between 2015 and 2017, Goldman analyst Simona Jankowski wrote. Also likely to boost the sector is the expansion of cloud providers' private networks, the analyst stated. The latter trend should produce a new market for the sector, Jankowski believes. Within the sector, she kept Buy ratings on Juniper (JNPR), Arris (ARRS) and Ciena (CIEN). The analyst, who has an Attractive view on the Telecom Equipment sector, has a Sell rating on shares of Infinera (INFN), however. WHAT'S NOTABLE: Jankowski views the IT hardware sector as a mixed bag. The sector's valuations are attractive, and it is generating strong free cash flow and robust capital returns, the analyst believes. However, it is being hurt by the shift to cloud computing and by foreign exchange fluctuations, Jankowski warned. Within the sector, she downgraded NetApp (NTAP) to Sell from Neutral and kept a Sell rating on Motorola Solutions (MSI). PRICE ACTION: In early trading, Jumiper declined 2% to $25.24, Arris gave back 1.8% to $26.40, Ciena dropped 2% to $21.77, Infinera fell 3.8% to $20.27, NetApp tumbled 4.5% to $29.80 and Motorola Solutions lost 1% to $66.30.
10:23 EDTJNPROptions with increasing implied volatility
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10:00 EDTKLACOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Midstream (AM) upgraded to Outperform from Neutral at Credit Suisse... China Southern Airlines (ZNH) upgraded to Neutral from Underperform at Macquarie... DuPont (DD) upgraded to Buy from Neutral at Citi... Entergy (ETR) upgraded to Overweight from Equal Weight at Barclays... HSBC (HSBC) upgraded to Conviction Buy from Buy at Goldman... KLA-Tencor (KLAC) upgraded to Buy from Neutral at Nomura... Total (TOT) upgraded to Buy from Hold at Societe Generale.
10:00 EDTTAT&T commits to bringing broadband to over 37,00 homes, businesses in OH
AT&T has committed to extend broadband to more than 37,000 rural homes and businesses in Ohio over the next six years.
09:33 EDTMSFTActive equity options trading on open
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07:18 EDTKLACKLA-Tencor upgraded to Buy, consensus too low, says Nomura
As previously reported, Nomura upgraded KLA-Tencor (KLAC) to Buy from Neutral with a $60 price target. Analyst Romit Shah believes consensus estimates underestimate improving cyclical trends that could drive an inflection in earnings. Shah said capital spending is shifting towards logic and KLA-Tencor recently commented that September orders would be at the upper end of its guided range due to 10nm logic. The analyst expects Intel's (INTC) spending to normalize to $75M-$100M per quarter starting in December from less than $10M in the first half of 2015. Shah sees further earnings leverage from recent headcount cuts and raised December earnings estimates to 82c from 68c and 2016 to $4.25 from $3.68.
07:15 EDTMSFTCloudFlare raises $110M from consortium of Google, Microsoft, others
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06:08 EDTKLACKLA-Tencor upgraded to Buy from Neutral at Nomura
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05:24 EDTSBUXStarbucks announces availability of Mobile Order & Pay nationwide
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05:14 EDTMSFTIngram Micro to participate in Microsoft Cloud Solution program in India
Ingram Micro (IM) announced its participation in the Microsoft (MSFT) Cloud Solution Provider program in India. The program is designed to strengthen customer relationships and expand cloud sales by allowing channel partners to provision, bundle, invoice, manage and support Microsoft cloud offerings including Microsoft Office 365, Windows Intune, Enterprise Mobility Suite, Azure, and CRM online subscriptions with greater ease and efficiency.
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