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Stock Market & Financial Investment News

News Breaks
June 4, 2014
11:27 EDTTIBX, ORCL, SPLK, VMW, EMCTIBCO 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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September 12, 2014
14:24 EDTTIBXTibco Software September volatility elevated into Q3 and outlook
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September 11, 2014
13:37 EDTEMC, VMWEMC not considering VMware stake sale, Reuters says
EMC (EMC) is not exploring a sale of its majority stake in VMware (VMW), a source familiar with the parent company's thinking told Reuters, refuting an earlier New York Post report that EMC had relented to pressure from Paul Singer's Elliott Management and was weighing an exit from its VMware stake. Reference Link
13:36 EDTVMW, EMCEMC sale of VMware stake would be sub-optimal, says Wells Fargo
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13:20 EDTVMW, EMCEMC not considering selling VMware stake, Reuters reports
11:17 EDTVMW, ORCL, EMCEMC seen as potential target after said to mull VMware stake sale
EMC (EMC) is considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW), The New York Post reported today, citing unnamed sources. Calling The New York Post "surprisingly accurate" on M&A news, UBS said the likelihood of change at EMC has increased and it has become a potential takeover target. WHAT'S NEW: EMC is exploring the possibility of selling its stake in VMware, which could be acquired by HP (HPQ), according to one source, The Post reported. EMC could also look to sell other assets, the newspaper quoted a second unnamed source as saying. ANALYST REACTION: UBS analyst Steven Milunovich wrote that he is more convinced in the wake of the Post story that "something is up" at EMC. Although EMC has denied in the past that it would consider selling or spinning off VMware, the company could change its tune, the analyst stated. HP could buy VMware or all of EMC, while Oracle (ORCL) and Cisco (CSCO) are also potential buyers of EMC, Milunovich believes.The analyst kept a $33 price target and Buy rating on shares of EMC. WHAT'S NOTABLE: Activist investor Elliott Management, a hedge fund, has taken a $1B stake in EMC and wants the company to spin off VMware, The Wall Street Journal reported in July. Early last month, research firm FBR Capital wrote that an EMC spin-off of VMware could enhance shareholder value for both companies and make VMware a top acquisition candidate by a larger technology company. The firm kept an Outperform rating on EMC at that time. PRICE ACTION: In late morning trading, EMC was little changed at $29.50, down from its earlier high of $29.89. VMware fell 0.7% to $96.75, down from its earlier daily high of $97.86.
10:41 EDTEMCEMC volatility at low end of historic range
EMC September call option implied volatility is at 18, October is at 20, November is at 21, April is at 20; compared to its 26-week average of 21 according to Track Data, suggesting non-directional price movement on UBS sees increasing likelihood of change at EMC.
10:30 EDTVMW, EMC, ORCLUBS sees increasing likelihood of change at EMC
UBS calls the New York Post "surprisingly accurate on M&A" after the paper reported that EMC (EMC) is considering the sale of its stake in VMware (VMW). The firm believes the likelihood for change at the company is rising. In addition, UBS says the industry should consolidate, and it views EMC as a potential target. UBS thinks Cisco (CSCO), Oracle (ORCL) and HP (HPQ) might be interested parties in owning part or all of EMC. The firm believes an HP, EMC merger would make sense. UBS has a Buy rating on EMC with a $33 price target.
09:20 EDTVMWVMware to host conference call
Management discusses what's new at the company on a conference call to be held on September 11 at 10 am. Webcast Link
07:07 EDTEMC, VMWEMC 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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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.
10:00 EDTVMWOn The Fly: Analyst Initiation Summary
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07:23 EDTORCLOracle coverage assumed with a Neutral at MKM Partners
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September 9, 2014
19:39 EDTVMWVMware initiated with a Buy at Maxim
Target $120.00.
07:17 EDTORCLThe Wireless Association to hold a conference
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07:05 EDTEMCEMC Corporation to hold a summit
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05:36 EDTVMW, EMCVMware, Capgemini announce strategic partnership
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September 8, 2014
08:45 EDTEMCNimble Storage, Arista, CommVault recommnded on M&A at Pacific Crest
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08:16 EDTSPLKBarclays software analyst holds an analyst/industry conference call
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September 5, 2014
10:50 EDTSPLKOptions with decreasing implied volatility
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