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Stock Market & Financial Investment News

News Breaks
June 20, 2014
12:08 EDTTIBX, HPQ, ORCL, PRGS, SAPTIBCO falls after profit outlook trails estimates
Shares of TIBCO (TIBX), a provider of middleware and infrastructure software, are sinking after the company’s third quarter profit outlook trailed analysts’ consensus estimates. WHAT'S NEW: Last night, TIBCO reported second quarter earnings per share of 14c and revenue of $252.3M, compared to the consensus views of 14c and $252.37M, respectively. Within software revenue, license revenue was $76.5M, down 7%, while subscription revenue was $5.8M, up 63% from last year. WHAT’S NOTABLE: TIBCO forecast Q3 adjusted EPS of 15c-19c, trailing the consensus view of 24c. Q3 revenue was seen at $257M-$279M, versus consensus of $278.53M. The company noted it may accelerate share repurchases in the second half of the year. TIBCO also announced former Hewlett-Packard (HPQ) executive Todd Bradley was named as President. ANALYST REACTION: This morning, research firm Susquehanna downgraded TIBCO to Neutral from Positive. PRICE ACTION: In early afternoon trading, TIBCO fell $1.47, or about 7.06%, to $19.35 on heavy trading volume. Including today’s pull back, the stock has lost approximately 8% over the past twelve months. OTHERS TO WATCH: Other software companies include Oracle (ORCL), Progress Software (PRGS), and SAP (SAP), all of which are lower on the session.
News For TIBX;HPQ;ORCL;PRGS;SAP From The Last 14 Days
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September 11, 2014
07:07 EDTHPQEMC to explore selling VMware stake, NY Post reports
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September 10, 2014
14:35 EDTTIBXTibco Software September volatility elevated into Q3 and outlook
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12:06 EDTSAPEricsson, SAP announce solution for enterprise mobility management
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10:51 EDTORCLOracle September volatility elevated into Q1 and outlook
Oracle September call option implied volatility is at 28, October is at 18, December is at 19; compared to its 26-week average of 23 according to Track Data suggesting large near term price movement into the expected release of Q1 results after the close on September 18.
08:31 EDTHPQRiverbed names Mike Nefkens, Steffan Tomlinson to board of directors
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07:23 EDTORCLOracle coverage assumed with a Neutral at MKM Partners
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September 9, 2014
14:04 EDTHPQHP price target raised to $43 from $40 at Argus
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07:17 EDTHPQ, ORCLThe Wireless Association to hold a conference
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September 5, 2014
11:39 EDTHPQIntel launches Core M processor, available Holiday 2014
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06:43 EDTHPQHP considered pulling out of Autonomy deal, FT reports
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September 4, 2014
16:28 EDTHPQPMC-Sierra licenses HP Smart Array intellectual property
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09:10 EDTORCLBarclays' top ideas in U.S. Software for 2H 2014
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09:06 EDTHPQHP, Intel, Dell announce creation of Redfish industry standard
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09:06 EDTTIBXOn The Fly: Pre-market Movers
UP AFTER EARNINGS: PVH Corp. (PVH), up 9%... Verifone (PAY), up 3.8%... Methode Electronics (MEI), up 13%... Bazaarvoice (BV), up 9%. ALSO HIGHER: Bolt Technology (BOLT), up 35.7% after Teledyne (TDY) agrees to acquire the company for $22 per share in cash... Mitek Systems (MITK), up 58% after USAA lawsuit settlement... Tibco Software (TIBX), up 7% after announcing that it is reviewing strategic alternatives... Stereotaxis (STXS), up 22% after receiving FDA clearance for Vdrive with V-Loop system... NewLink (NLNK), up 3.4% after reporting FDA approval for Phase 1 clinical studies of Ebola vaccine. DOWN AFTER EARNINGS: Ciena (CIEN), down 3%... Joy Global (JOY), down 1%... Matrix Service (MTRX), down 11%... Mobileye (MBLY), down 1.3%. ALSO LOWER: Yum! Brands (YUM), down 2.8% after updating third quarter China division same-store sales guidance... 3D Systems (DDD), down 2.9% after downgraded at Pacific Crest... GoPro (GPRO), down 3.5% after downgraded at JPMorgan... Shanda Games (GAME), down 4% after announcing reconstitution of special committee.
07:45 EDTTIBXTIBCO Software volatility expected to move on reviewing alternatives
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September 3, 2014
18:39 EDTTIBXOn The Fly: After Hours Movers
UP AFTER EARNINGS: Bazaarvoice (BV), up 8%... PVH Corp. (PVH), consensus 5.4%... Iteris (ITI), up 9.1%... H&R Block (HRB), up 1.5%. ALSO HIGHER: Bolt Technology (BOLT), up 34.8% following news that it will be acquired by Teledyne (TDY)... Tibco Software (TIBX), up 10% after announcing that it is reviewing strategic alternatives... Morgans Hotel (MHGC), up 5.1% after commenting on ongoing review of strategic alternatives. DOWN AFTER EARNINGS: Shoe Carnival (SCVL), down 7 .7%... AeroVironment (AVAV), down 5.9%. ALSO LOWER: Yum! Brands (YUM), down 3.9% after updating third quarter China division Same Store Sales guidance... Northstar Realty (NRF), down 2.3% after filing to sell 45M shares with a forward component.
16:11 EDTTIBXTIBCO announces review of strategic alternatives
TIBCO Software announced that its board unanimously initiated on August 16 a review of a variety of strategic and financial alternatives available to the company through the formation of a Special Committee of independent directors, composed of Nanci Caldwell, David West and Eric Dunn. Wilson Sonsini Goodrich & Rosati and Goldman, Sachs & Co. have been retained to assist in this review.
13:03 EDTSAP, ORCLConcur advances after report says acquisition being explored
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09:15 EDTORCL, SAPOn The Fly: Pre-market Movers
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07:48 EDTSAP, ORCLConcur a highly desirable M&A target, says UBS
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