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Stock Market & Financial Investment News

News For T;VZ;VOD From The Last 14 Days
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May 12, 2015
12:32 EDTTDirecTV up 1% after report says regulators unlikely to block AT&T deal
Dow Jones, citing sources, said the U.S. review of the deal is nearing its end and that regulators are unlikely to step in to block the merger.
12:30 EDTTU.S. unlikely to block AT&T, DirecTV deal, Dow Jones reports
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12:02 EDTVZVerizon, Sprint settle illegal billing investigations for $158M
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11:38 EDTTLivePerson sinks to 52-week low after cutting fiscal 2015 outlook
Shares of LivePerson (LPSN), a provider of cloud-based digital engagement solutions, are sinking after the firm lowered its outlook for fiscal 2015. WHAT'S NEW: LivePerson yesterday reported first quarter adjusted earnings per share of 4c, in line with analysts' consensus estimates, on revenue of $59.8M, slightly below analysts' consensus estimates of $60.79M. LivePerson said it signed 147 deals in the quarter, including the addition of 30 new customers. Looking ahead to the second quarter, LivePerson forecast adjusted EPS of 0c-2c and revenue of $58.5M-$59.5M, well below the analysts' consensus estimates of 6c and $63.88M, respectively. WHAT'S NOTABLE: The company lowered its fiscal year 2015 adjusted EPS view to 10c-15c from 27c-32c, significantly trailing analysts' consensus estimates of 28c. LivePerson also cut its FY15 revenue outlook to $243M-$247M from $263M-$269M, also well below analysts' estimates of $264.36M. The company reduced reduced FY15 revenue guidance by $21M when comparing the midpoint of its updated guidance range to the midpoint of its previous guidance range. The adjustment reflects the impact of one large customer contract that ended, an increase in foreign exchange headwinds and a slightly slower start to the year than expected as the company intensified its focus on bringing LiveEngage to the market, the company said. LivePerson said it expects to record a $2.5M charge in Q2 related to cost-cutting move, which it described as "reprioritizing on areas showing the highest potential growth." The company believes its cost-savings initiatives will generate approximately $13M of expense savings in 2015. ANALYST REACTION: Credit Suisse this morning downgraded LivePerson to Neutral from Outperform and lowered its price target to $8 from $19. The firm said LivePerson was "forced" to lower revenue guidance for FY15 primarily due to the loss of AT&T (T) as a pay-for-performance chat customer, as well as from a slow sales start and FX. The firm said the ability of LivePerson to transition its large customer base to LiveEngage 2.0 will take longer than previously estimated. PRICE ACTION: In late morning trading, LivePerson fell $1.16, or 12.26%, to $8.30 on more than five times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $8.10. Including today's pull back, the shares have lost approximately 15% over the past 12 months. OTHERS TO WATCH: Other companies offering cloud-based digital engagement solutions include eGain (EGAN), down 1.2%, Zendesk (ZEN), down 4.05%, and Salesforce.com (CRM), up 0.2%.
11:14 EDTVZ, TAOL premium low but likely best bet for AOL shareholders, Bloomberg says
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10:32 EDTTAcacia Research enters settlement, license agreement with AT&T Mobility
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10:31 EDTVZCantor sees higher bid for AOL unlikely, positive on Yahoo
Cantor Fitzgerald analyst Youssef Squali downgraded AOL (AOL) two notches to Sell from Buy after Verizon (VZ) agreed to acquire the company for $50 per share. Squali finds the takeover valuation "relatively fair" and believes a higher bidder for AOL is unlikely to emerge. The analyst believes the transaction could be positive for Yahoo (YHOO), which he views as the "last remaining large scale digital Media company of its kind." Squali has a Buy rating on Yahoo with a $60 price target.
10:01 EDTVZOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AG Mortgage (MITT) downgraded to Market Perform from Outperform at Keefe Bruyette... Brookfield Renewable (BEP) downgraded to Underperform from Neutral at Credit Suisse... Emera (EMRAF) downgraded to Equal Weight from Overweight at Barclays... Fibria Celulose (FBR) downgraded to Neutral from Buy at Citigroup... First Marblehead (FMD) downgraded to Neutral from Buy at Compass Point... First Security (FSGI) downgraded to Market Perform from Outperform at Raymond James... Gap (GPS) downgraded to Market Perform from Outperform at FBR Capital... Intelsat (I) downgraded to Underweight from Equal Weight at Morgan Stanley... LivePerson (LPSN) downgraded to Neutral from Outperform at Credit Suisse... MercadoLibre (MELI) downgraded on valuation, difficult comps at Stifel... Midway Gold (MDW) downgraded to Underperform from Outperform at RBC Capital... Numerex (NMRX) downgraded to Market Perform from Outperform at Northland... Portland General Electric (POR) downgraded to Neutral from Overweight at JPMorgan... Rackspace (RAX) downgraded to Outperform from Buy at CLSA... Rosetta Resources (ROSE) downgraded to Sector Weight from Overweight at KeyBanc... SouFun (SFUN) downgraded to Hold from Buy at Deutsche Bank... Verizon (VZ) downgraded to Underperform from Neutral at Macquarie.
09:04 EDTVZVerizon said to possibly spin off some or all AOL content ops, Re/code says
AOL's (AOL) ad tech business is growing at a much faster pace than its content business, but has lower margins, noted Re/code, adding that "one scenario we’ve heard" is that Verizon (VZ) intends to spin off some or all of the content operations it is acquiring by buying AOL, possibly with a third player such as German publisher Axel Springer also involved. AOL CEO Tim Armstrong seemed to leave the door open for such a deal by saying that the company has "spoken to partners about content and scaling [and] seen a lot of interest in the content brands we have," Re/code added. Reference Link
08:45 EDTVZVerizon says Triple Play 'still matters a lot'
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08:31 EDTVZApple likely to launch TV video service this year, says Pacific Crest
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08:29 EDTVZVerizon says won't be irrational with price to chase mobile users
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08:18 EDTVZVerizon says no change in financial outlook, debt position
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07:45 EDTVZJefferies to hold a conference
2015 Global Technology, Media and Telecom Conference is being held in Miami on May 12-14.
07:20 EDTVZAOL's Armstrong says will stay with company 'for a long period of time'
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07:18 EDTVZAOL CEO says Verizon deal happened 'in natural way,' no auction held
AOL (AOL) CEO Tim Armstrong continues speaking on CNBC.
07:12 EDTVZAOL CEO expects Verizon to take 'open approach' to content
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07:09 EDTVZAOL CEO says will 'certainly' buy Verizon stock
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07:08 EDTVZAOL CEO says company has 'shared vision' with Verizon
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07:06 EDTVZAOL volatility elevated into Verizon acquiring for $4.4B
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