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Stock Market & Financial Investment News

News Breaks
February 21, 2013
12:30 EDTTSLA, NTAP, SODA, OMX, TRIPDecreasing implied volatility stocks: TRIP SODA TSLA OMX NTAP
News For TRIP;SODA;TSLA;OMX;NTAP From The Last 14 Days
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August 19, 2015
18:08 EDTNTAPNetApp advances after Q1 results and current quarter guidance top estimates
Share of computer data software and systems provider NetApp (NTAP) are advancing after reporting first quarter results that surpassed analyst expectations and provided better than expected guidance for the second quarter. WHAT'S NEW: NetApp reported Q1 profit and revenue that surpassed analysts' average estimates. The company reported Q1 earnings per share of 29c on revenue of $1.34B. Analysts were expecting EPS of 23c on revenue of $1.32B. Looking ahead to Q2, the company expects to report EPS of 55c-60c on revenue of $1.4B-$1.5B. Consensus estimates for Q2 were 46c for EPS and $1.39B for revenue at the time of the report. NetApp CEO George Kurian said, "The IT industry as a whole is going through fundamental change as enterprises transform themselves with digital capabilities. Data is at the heart of these transformations and where NetApp has a profoundly important role to play with our differentiated vision for data management." WHAT'S NOTABLE: On the company's Q1 earnings call, the CEO noted the transformation of IT environments. Customers are reducing their spend on traditional storage "which has put pressure on our ONTAP 7 mode business," Kurian noted. The CEO also pointed out that customers are slowing investment in the capacity expansion of their traditional storage environments. These dynamics put pressure on product revenue despite strong growth in other parts of the business, the CEO said. NetApp sees fiscal year 2016 revenue to be lower by 5% year-over-year as FX headwinds continue along with limited top line predictability. ANALYST TAKE: On August 17, Summit Research analyst Srini Nandury downgraded NetApp to Sell, saying dynamics in the storage industry as well as the company's Cluster ONTAP product transition will make revenue growth "elusive in the near-term." Weaker storage spending and continued problems with getting customers to upgrade to Cluster ONTAP could drive consensus estimates lower from current levels, Nandury told investors in a research note. PRICE ACTION: Shares of NetApp are up 6.75% in after-hours trading, but off their earlier after-hours high.
17:44 EDTNTAPNetApp sees FY16 revenue to down about 5%
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16:05 EDTNTAPNetApp spikes over 15% after reporting Q1 results, guidance
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16:03 EDTNTAPNetApp sees Q2 EPS 55c-60c, consensus 46c
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16:02 EDTNTAPNetApp reports Q1 EPS 29c, consensus 23c
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15:53 EDTNTAPNetApp August 29.5 straddle priced for 5.3% movement into Q1
14:48 EDTNTAPNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include L Brands (LB), consensus 68c... NetApp (NTAP), consensus 23c... Synopsys (SNPS), consensus 59c... Popeyes Louisiana Kitchen (PLKI), consensus 44c... Semtech (SMTC), consensus 24c.
14:16 EDTNTAPNetApp technical comments ahead of earnings
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13:30 EDTNTAPOptions with increasing put volume;
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12:53 EDTNTAPEarnings Watch: Analysts mostly bearish on NetApp ahead of Q1 earnings
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11:50 EDTTSLATesla mentioned cautiously by Seeking Alpha contributor
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August 18, 2015
16:00 EDTTSLAOptions Update; August 18, 2015
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13:36 EDTNTAPNetApp August volatility elevated into Q1 and outlook
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August 17, 2015
16:00 EDTTSLAOptions Update; August 17, 2015
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10:09 EDTNTAPOn The Fly: Analyst Downgrade Summary
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09:38 EDTTSLAActive equity options trading on open
Active equity options trading on open: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT
09:26 EDTTSLAOn The Fly: Pre-market Movers
HIGHER: AVEO (AVEO), up 119.7% after announcing licensing agreement with Novartis (NVS)... OHR Pharmaceutical (OHRP), up 24.9% after Soros reports new stake in company in 13F filing... Kite Pharma (KITE), up 4.6% after saying patient death unrelated to KTE-C19... Tesla (TSLA), up 5.5% after price target raised to $465 from $280 at Morgan Stanley... Mobileye (MBLY), up 2.7% after price target raised to $80 from $71 at Morgan Stanley... J.C. Penney (JCP), up 1.5% after being initiated with a Buy at B. Riley and Piper Jaffray raised its price target to $17 from $15. DOWN AFTER EARNINGS: Estee Lauder (EL), down 2.1% after reporting quarterly results and giving guidance for first quarter and fiscal 2016. ALSO LOWER: KKR (KKR), down 3.3% after Samson enters restructuring deal and expects to file for bankruptcy within 30 days... Aquinox (AQXP), down 4.7% after Lloyd Mackenzie, vice president - Technical Operations and Planning, disclosed late Friday the sale of 35,887 shares worth over $670,000 in a sale related to the exercise of options.
07:42 EDTTSLANew Street-high target of $465 gives Tesla shares a charge
Shares of Tesla Motors (TSLA) are jumping after Morgan Stanley boosted its price target by $185 to $465, a new high among Wall Street analysts. The company is positioned to dominate as car sales shift to robot-driven and shared vehicles, the firm argues. SELLING MILES: Morgan Stanley analyst Adam Jonas raised his price target for Tesla Motors to $465 from $280, well above Friday's closing price of $243.15. Today, ten trillion vehicle miles are driven annually, with almost all of them delivered by "companies practicing a 100-year-old business model of human-driven, privately owned, internal-combustion vehicles," Jonas tells investors in a research note. General Motors (GM), Ford (F), Toyota (TM) and Honda (HMC) are among the publicly traded traditional carmakers. The market of selling cars is going through some fundamental changes, argues Jonas. He believes Tesla is "uniquely positioned" to dominate given its expertise in autonomous technology and networked machine learning. An app-based, on-demand mobility service could more than triple Tesla's potential revenues by 2029, the analyst estimates. He expects Tesla over the next 18 months to roll out formalized business plans on shared mobility, allowing the electric vehicle maker to sell miles in addition to cars. His new price target of $465 reflects Tesla's potential to lead the revolution of the shared mobility public transportation hyper-structure and more confidence around the commercial viability of Tesla Energy. ROBOT-DRIVEN: Jonas expects nearly all car sales to eventually shift from human-driven, individually-owned cars to robot-driven and shared cars. If Tesla wants to succeed on its mission of accelerating the world's transition to sustainable transport, the move to a shared mobility model is critical, he argues. All of Tesla's cars are electric, connected, and able to "learn" through over-the- air firmware updates at any time, which no other established automaker can claim today, Jonas writes. MARKET REACTION: Investors are buying into what Jonas is arguing. Shares of Tesla are up 5%, or $13.10, to $256.25 in pre-market trading. Over the past three months through Friday's close, the stock is down 2%.
06:42 EDTTSLATesla price target raised to $465 from $280 at Morgan Stanley
Morgan Stanley analyst Adam Jonas raised his price target for Tesla Motors to $465 from $280, well above Friday's closing price of $243.15. Today, ten trillion vehicle miles are driven annually, with almost all of them delivered by "companies practicing a 100-year-old business model of human-driven, privately owned, internal-combustion vehicles," Jonas tells investors in a research note. The market is going through some fundamental changes, however, argues Jonas. He believes Tesla is "uniquely positioned" to dominate given its expertise in autonomous technology and networked machine learning. An app-based, on-demand mobility service could more than triple Tesla's potential revenues by 2029, the analyst estimates. He expects Tesla over the next 18 months to roll out formalized business plans on shared mobility, allowing the electric vehicle maker to sell miles in addition to cars. His new price target of $465 reflects Tesla's potential to lead the revolution of the shared mobility public transportation hyper-structure and more confidence around the commercial viability of Tesla Energy. Jonas keeps an Overweight rating on shares of Tesla. His new price target is a high among sell-side analysts on Wall Street.
06:04 EDTNTAPNetApp downgraded to Sell from Hold at Summit Research
Summit Research analyst Srini Nandury downgraded NetApp (NTAP) to Sell saying dynamics in the storage industry as well as the company's Cluster ONTAP product transition will make revenue growth "elusive in the near-term." Weaker storage spending and continued problems with getting customers to upgrade to Cluster ONTAP could drive consensus estimates lower from current levels, Nandury tells investors in a research note. Further, the analyst believes NetApp continues to lose high sales performers to competitors such as Nimble Storage (NMBL), Pure Storage, Tegile and Tintri. He expects the company's FY16 revenue to decline 6% on top of the 3% decline in FY15, with only modest growth in FY17. Nandury cut his price target for NetApp shares to $28 from $32. The stock closed Friday up 13c to $30.75.
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