New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 >>
January 26, 2016
17:36 EDTVMWVMware sees Q1 EPS 83c-85c, consensus 92c
Subscribe for More Information
17:34 EDTVMWVMware sees FY16 EPS $4.07-$4.16, consensus $4.20
Subscribe for More Information
17:33 EDTVMWVMware sees FY16 non-GAAP operating margin 31.5%
Subscribe for More Information
17:32 EDTVMWVMware sees FY16 revenue $6.8B-$6.9B, consensus $7.21B
Subscribe for More Information
17:18 EDTVMWVMware sees continued weakness in China, Russia and Brazil
Subscribe for More Information
17:12 EDTVMWVMware sees 2016 total bookings, license bookings to exceed revenue growth
In its Q4 slides presentation the company said for 2016 expect total bookings and license bookings to exceed revenue growth by 3-5% points.
16:25 EDTEMCEMC names Denis Cashman CFO
Subscribe for More Information
16:24 EDTVMW, EMCVMware appoints Zane Rowe as CFO
Subscribe for More Information
16:21 EDTVMWVMware moves up
After results, the shares are up over 4.8% in the extended session to $51.69. At that price resistance is at $52.88. Support is at $50.39.
16:18 EDTVMWVMware to take charge on restructuring, announces new CFO
Subscribe for More Information
16:16 EDTVMWVMware reports Q4 EPS $1.26, consensus $1.25
Subscribe for More Information
15:20 EDTVMW, EMCEarnings Watch: EMC reports as questions linger on Dell deal
Subscribe for More Information
14:32 EDTEMCNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Novartis (NVS), consensus $1.18... Boeing (BA), consensus $1.26... United Technologies (UTX), consensus $1.52... Biogen (BIIB), consensus $4.08... EMC (EMC), consensus 65c... General Dynamics (GD), consensus $2.38... Anthem (ANTM), consensus $1.22... Illinois Tool Works (ITW), consensus $1.21... State Street (STT), consensus $1.18... Norfolk Southern (NSC), consensus $1.24... Progressive (PGR), consensus 47c... St. Jude Medical (STJ), consensus $1.01... Rockwell Automation (ROK), consensus $1.33... Textron (TXT), consensus 83c... Hess (HES), consensus ($1.47)... Cliffs Natural (CLF), consensus (26c).
14:32 EDTVMWNotable companies reporting after market close
Subscribe for More Information
13:41 EDTEMCEMC volatility elevated into Q4 and outlook
Subscribe for More Information
08:13 EDTVMWVMware expected layoffs hit Monday, Fortune reports
Subscribe for More Information
06:00 EDTVMW, EMCEU to decide on Dell, EMC deal by February 29, Reuters reports
Subscribe for More Information
January 25, 2016
15:24 EDTVMWVMware volatility elevated into Q4 and outlook
VMware January weekly call option implied volatility is at 97, February is at 55; compared to its 52-week range of 21 to 53, suggesting large near term price movement into the expected release of Q4 results on January 26.
09:22 EDTSPLKSplunk poised to break out in 2016, says KeyBanc
Subscribe for More Information
January 24, 2016
14:40 EDTEMCCollapse in private tech could ripple into public markets, Barron's says
Subscribe for More Information
1 | 2 | 3 | 4 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use