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Stock Market & Financial Investment News

News Breaks
June 4, 2014
11:27 EDTSPLK, EMC, ORCL, VMW, TIBXTIBCO sinks after weaker than expected second quarter outlook
Shares of TIBCO (TIBX), which supplies middleware and infrastructure software, are sinking after the company issued a weaker than expected outlook for the second quarter and received several analyst downgrades. WHAT'S NEW: Last night, TIBCO forecast Q2 adjusted EPS of 12c-13c and revenue of $250M-$252M, trailing expectations of 21c and $267.48M, respectively. "After a solid first quarter, revenue fell short of expectations in the second quarter, primarily due to lower-than-expected sales of Spotfire," said Vivek Ranadive, TIBCO's founder and CEO. "We again experienced growth this quarter in our core infrastructure and event processing product revenue, but Spotfire sales were less than anticipated. We have several changes under way that we believe will improve Spotfire performance. We also acquired Jaspersoft this quarter, and while not a meaningful contributor to second quarter revenue, it represents an important addition to our analytics strategy going forward," Ranadive added. ANALYST REACTION: This morning, analyst commentary was decidedly negative. Three separate firms - Mizuho, JMP Securities, and Stifel - all downgraded their ratings on TIBCO, citing its guidance. Conversely, Wells Fargo said the stock could recover within 12 months. Wells believes that the company's guidance is achievable and that the company can benefit from increasing its focus on analytics products. The firm cut its price target range on the stock to $25-$27 from $34-$36, but kept an Outperform rating on the shares. PRICE ACTION: In late morning trading, TIBCO fell $1.47, or about 7%, to $19.32 on nearly four times its average daily trading volume. Including today's pull back, the stock is down about 7.5% over the past twelve months. OTHERS TO WATCH: TIBCO competitors include Oracle (ORCL), Splunk (SPLK), VMware (VMW) and EMC (EMC).
News For TIBX;ORCL;SPLK;VMW;EMC From The Last 14 Days
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July 21, 2015
15:02 EDTEMCNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Coca-Cola (KO), consensus 60c... Boeing (BA), consensus $1.42... Abbott Laboratories (ABT), consensus 50c... Thermo Fisher Scientific (TMO), consensus $1.78... EMC (EMC), consensus 41c... Illinois Tool Works (ITW), consensus $1.28... St. Jude Medical (STJ), consensus $1.00... Northern Trust (NTRS), consensus 96c... Check Point Software (CHKP), consensus 95c... Polaris Industries (PII), consensus $1.58... Interpublic Group (IPG), consensus 27c... New York Community Bancorp (NYCB), consensus 26c... B/E Aerospace (BEAV), consensus 76c... Owens Corning (OC), consensus 54c... Knight Transportation (KNX), consensus 37c.
15:02 EDTVMWNotable companies reporting after market close
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14:24 EDTVMW, ORCL, EMCEarnings Watch: EMC reports amid M&A speculation in sector
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13:59 EDTEMCEMC technical notes ahead of earnings
The key feature on a long-term chart is a potential compound bearish head and shoulders pattern. Shares are directly on the neckline of that pattern ahead of earnings. A move below $24 would confirm that the pattern is active. Downside potential would be to the $16 area over time, presuming the pattern was not interrupted. If the news is a bullish surprise, resistance levels to watch as potential upside objectives are at $26.17, $27.73, and $29.04. A move above $27.50 that sustained for several months would void the head and shoulders pattern.
10:50 EDTVMWVMware technical notes ahead of earnings news
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09:00 EDTEMCEMC July weekly volatility elevated into Q2 and outlook
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08:05 EDTVMWVMware July weekly volatility elevated into Q4 and outlook
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07:15 EDTORCLOracle management to meet with Deutsche Bank
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July 20, 2015
08:19 EDTVMWSentiment towards VMware overly negative, says RBC Capital
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07:07 EDTORCLOracle management to meet with Deutsche Bank
Meetings to be held in Montreal/Toronto on July 20 hosted by Deutsche Bank.
July 17, 2015
10:05 EDTSPLKOn The Fly: Analyst Initiation Summary
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06:36 EDTSPLKSplunk initiated with an Outperform at RBC Capital
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July 16, 2015
18:48 EDTORCLOracle drops largest copyright damages theory against Rimini Street
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14:24 EDTVMWVMware July weekly volatility elevated into Q4 and outlook
VMware July weekly call option implied volatility is at 51, August is at 31, October is at 26; compared to its 52-week range of 21 to 47, suggesting large near term price movement into the expected release of Q4 results on July 21.
11:39 EDTORCLOracle management to meet with Evercore ISI
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06:25 EDTORCLOracle announces 'disciplined reduction' in overall compensatoin
Oracle announced bonuses to Ellison, Catz and Hurd will be paid out at $0 in FY15, compared to 16% targe tin FY14. Oracle said that no performance-based cash bonuses will be awarded in years where no growth in non-GAAP pre-tax profits is achieved. PSU payouts are based on Oracle revenue growth and operating cash flow growth relative to select peer company performances. In connection with the management transition in 2015, the compensation committee canceled 1.5M equity equivalent shares of Ellison's FY15 equity award. The company announced option awards will be reduced to 5 year terms from 10 year terms in 2016, significantly reducing its value and maintaining long-term vest. Comments taken from slides for July Investor Presentation.
July 14, 2015
12:37 EDTEMCOptions with increasing volume Micron
Options with increasing volume: GGP WMC KSU A WY TCK JKS EMC DHR AMJ CZR MU
10:01 EDTEMCOn The Fly: Analyst Downgrade Summary
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09:57 EDTEMCEMC downgraded to Mixed from Positive at OTR Global (pre-open)
07:28 EDTEMCEMC downgraded to Hold from Buy at Summit Research
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