New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
October 3, 2012
05:33 EDTVZ, VIV, CSCOTelefonica and Verizon customers can now meet virtually face-to-face
To meet the growing demand for video meetings, Telefonica Global Solutions and Verizon Enterprise Solutions have joined forces so that Verizon Immersive Video Exchange and Telefonica Global Telepresence Exchange customers can collaborate via Cisco TelePresence. Now, businesses and government agencies using either company's video meeting system can expand their "collaboration pool," and meet face-to-face across more video-enabled locations worldwide for greater productivity and business efficiency.
News For VIV;VZ;CSCO 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 >>
September 25, 2015
08:19 EDTCSCOCisco weakness creates buying opportunity, says Bernstein
After meeting with Cisco's CEO, Bernstein says that the company continues to perform in-line with the firm's upbeat outlook. Bernstein says that beairsh views on the company's SDN and Hyperscale businesses "continue to be proved wrong." The firm reiterates an Outperform rating on the shares.
September 24, 2015
19:03 EDTVZVerizon offers annual upgrade plan for iPhone users
In the wake of recent iPhone purchase plans announced by Sprint (S) and T-Mobile (TMUS), Verizon (VZ) announced that customers who purchase either the Apple (AAPL) iPhone 6s or iPhone 6s Plus with Verizon's Device Payment option will be eligible to get a new iPhone every year. "Yes, no more waiting for your contract to end... The new program allows you to turn in your phone and upgrade to a new iPhone every year," remarked the company. Verizon added that its customers will still have the option to pay off the phone without upgrading.
12:10 EDTVZVerizon management to meet with Jefferies
Subscribe for More Information
11:24 EDTVZAOL's head of video McCormack exiting company, Variety reports
Subscribe for More Information
09:22 EDTVZSprint to offer iPhone 6s 16GB for $1 per month
Subscribe for More Information
07:45 EDTCSCOCisco CEO confirms Inspur joint venture in China
Subscribe for More Information
September 23, 2015
20:08 EDTCSCOChinese president visits U.S. amid cybersecurity, copyright worries
As part of his first official U.S. visit, Chinese president Xi Jinping held a meeting with American business leaders on Wednesday to address concerns of copyright infringement and cybersecurity, among numerous topics. In attendance were corporate giants from both nations, including Microsoft (MSFT), Apple (AAPL), Amazon (AMZN), Cisco (CSCO), Alibaba (BABA), Tencent (TCEHY), and Baidu (BIDU), according to media reports. COPYRIGHT CONCERNS: Responding to oft-cited concerns of copyright infringement by Chinese companies, Xi said China will "stand firm to protect" the intellectual property rights of American companies, according to Wall Street Journal coverage of the event. Note that in late 2014, China began establishing specialized courts to deliberate on intellectual property rights cases, and Xi commented Wednesday that "the newly established IPR courts are working smoothly. This means there will be much stronger IPR protection which will serve the interests of foreign businesses as well as Chinese companies." Chinese consumer electronics company Xiaomi is perhaps the most talked-about firm when it comes to the matter, with media outlets frequently criticizing its alleged "copying" of Apple design sensibilities. In mid-July, Xiaomi VP of global operations Hugo Barra told Bloomberg that the company is preparing to enter U.S. markets, though he cautioned that the launch could be "much more" than a year away as it seeks to build up its patent portfolio. CYBERSECURITY TENSIONS: Wednesday's meeting comes in the wake of numerous high-profile "hack attacks," with Sony (SNE), American Airlines (AAL), Anthem (ANTM), United Airlines (UAL), and Target (TGT) all reporting digital security breaches in recent years. Xi has consistently denied the involvement of state-backed hackers, but tensions have nevertheless arisen as cybersecurity firms such as FireEye (FEYE) and Palo Alto Networks (PANW) backtrace connections to the country. Cybersecurity intrusions originating from China have recently slowed ahead of Xi's visit, according to Reuters, with Kevin Mandia of security firm Mandiant telling the publication, "In my gut, I feel like the Chinese and the U.S. over the next couple of years are going to figure this out."
17:37 EDTVZSynchronoss confirms multi-year contract with Verizon
Subscribe for More Information
16:34 EDTCSCO, VZOn The Fly: Top stock stories for Wednesday
Stocks began the day in quiet fashion and remained that way during the first hour of trading. Following the release of the weekly energy inventory report, the averages moved lower and looked to be possibly setting up for another selloff. Positive comments on China's economy by its President, who is visiting the U.S., brought out buyers, who pared the market's losses. The averages finished slightly in the red in a day marked by low volume as a number of market participants may have been absent in observance of the Jewish holiday of Yom Kippur. ECONOMIC EVENTS: In the U.S., Markit's flash manufacturing purchasing manager's index was flat at 53.0 in September, which was slightly better than the expectation for it to dip to 52.8. EIA inventory data showed a 1.93M barrel fall in crude oil inventories, versus expectations for a weekly drawdown of 1.25M barrels. In China, Markit's flash manufacturing PMI fell to 47.0 in September from 47.3 last month. In Europe, Markit's composite PMI for the eurozone came in at 53.9 in the first look for September, down from 54.3 in August and below expectations for a reading of 54.1. COMPANY NEWS: Shares of Volkswagen (VLKAY) trading in New York rebounded 6.5% to $27.10 following the resignation of Chief Executive Officer Martin Winterkorn, with the company's supervisory board subsequently praising the decision and saying it will consider his replacement at a meeting Friday. Prior to the CEO change news, the stock was downgraded at research firms JPMorgan, Deutsche Bank and Natixis to hold or equivalent ratings this morning. Accounting for today's advance, U.S.-listed shares of Volkwagen are still down nearly 29% since last Friday, when the EPA publicly accused the automaker of equipping certain diesel cars sold in the U.S. with software that circumvented emissions standards... Against the backdrop of China's President Xi Jinping visiting the U.S., Boeing (BA) announced deals to sell 300 planes to three Chinese companies and set up an aircraft factory in China. The deals are possibly worth tens of billions of dollars in total and represent the largest total order the planemaker has received from Chinese companies, according to Reuters. The Wall Street Journal reported, citing people familiar with the matter, that Cisco (CSCO) plans to announce a partnership with Chinese server maker Inspur Group during President Xi Jinping's visit. MAJOR MOVERS: Among the notable gainers was First Niagara (FNFG), which advanced $1.30, or 14.5%, to $10.26 following a Bloomberg report that the company is exploring a sale. DealReporter noted that potential suitors include Toronto-Dominion Bank (TD), Huntington Bancshares (HBAN) and New York Community Bancorp (NYCB). BioMed Realty (BMR) gained $2.36, or 12.3%, to $21.54 after Bloomberg reported that the company is in talks to sell itself and has attracted attention from firms including Blackstone (BX). Heron Therapeutics (HRTX) rose $7.25, or 21.6%, to $40.81 after announcing that its Phase 2 study of HTX-011 for post-operative pain met its primary endpoint. Shares of a competitor Pacira (PCRX) declined 7.65% after the news, with several analysts remarking that Heron's data compares favorably versus Pacira's Exparel drug. Summit Midstream Partners (SMLP) declined $3.90, or 18.2%, to $17.52 following a Bloomberg report that Energy Capital Partners is seeking to sell its stake in the company. Synchronoss (SNCR) fell 10.75% to $33.37 after research firm Baird said it has become "increasingly concerned" that Verizon (VZ) is "no longer fully committed" to the white-label cloud product it offers in conjunction with the cloud services provider. INDEXES: The Dow fell 50.58, or 0.31%, to 16,279.89, the Nasdaq lost 3.98, or 0.08%, to 4,752.74, and the S&P 500 declined 3.98, or 0.2%, to 1,938.76.
12:27 EDTVZOn The Fly: Top stock stories at midday
Subscribe for More Information
12:02 EDTVZIntel joins Verizon 5G Technology Forum
Subscribe for More Information
11:48 EDTVZSynchronoss drops after concerns raised about Verizon cloud business
After Verizon (VZ) recently reduced the amount of free cloud storage it provides to customers as part of its cost cutting efforts, analysts at Baird told investors they were "increasingly concerned" that the telecom giant is "no longer fully committed" to the white-label cloud product it offers via its agreement with cloud services provider Synchronoss Technologies (SNCR). Analysts at two other firms have issued defenses of Synchronoss in the wake of its sharp decline today. BEARISH VIEW: After Version cut its free cloud storage to 5GB from 25GB, Baird said it believed the Telco is less committed to Synchronoss' cloud offering, which the firm contended will "likely have revenue implications for 2016." The firm, which said it has had a negative bias on Synchronoss due to long-term cloud competitive concerns and the lack of growth outside of AT&T (T) and Verizon, has a Neutral rating on the cloud services provider's shares. DEFENSES: JPMorgan analyst Sterling Auty attributes today's pullback in shares of Synchronoss to the concerns raised about the potential loss of Verizon as a cloud customer. Auty, however, sees "no chance" of Synchronoss losing Verizon as a customer in the near-term since the wireless carrier recently renewed its contract with the company for multiple years. He views today's selloff as a "significant overreaction" and recommends buying Synchronoss at current levels. Also noting concerns raised about Synchronoss' potential loss of some cloud business, Wells Fargo said even if Synchronoss' cloud business exhibited zero growth in 2016 from 2015, shares would be compelling at current levels. The firm views the selloff as overdone and reiterates its Overweight rating on Synchronoss shares. PRICE ACTION: Synchronoss shares, which dipped as low as $27.86 this morning, are off their worst levels but remain down $4.65 to $32.74 in late morning trading.
10:52 EDTVZSynchronoss Technologies volatility spikes on sharp pull back
Subscribe for More Information
10:51 EDTVZJPMorgan says 'no chance' Synchronoss loses Verizon in near-term
JPMorgan analyst Sterling Auty attributes today's pullback in shares of Synchronoss Technologies (SNCR) to a research note from Baird talking about the potential loss of Verizon (VZ) as a cloud customer. The comments come after the wireless carrier changed the pricing in the Verizon cloud offering. Auty sees "no chance" of Synchronoss losing Verizon as a customer in the near-term since the wireless carrier recently renewed its contract with the company for multiple years. He views today's selloff as a "significant overreaction" and recommends buying Synchronoss at current levels. Shares are off their lows but remain down $5.91 to $31.48 in morning trading.
09:18 EDTCSCOPaulson Institute and CCPIT to co-host U.S.-China Business Roundtable
The Paulson Institute and the China Council for the Promotion of International Trade (CCPIT) provide an opportunity for U.S. and Chinese business leaders to discuss issues facing the two countries in a roundtable being held in Seattle, Washington on September 23.
06:21 EDTCSCOCisco preps for Inspur deal to bolster China business, WSJ reports
Subscribe for More Information
September 22, 2015
14:34 EDTVZVerizon spins out CrunchBase, says AOL to retain significant ownership interest
Subscribe for More Information
10:56 EDTCSCOAnalysts disagree on Infoblox outlook
The shares of network controller maker Infoblox (BLOX) are retreating after Deutsche Bank downgraded the stock to Hold in a note to investors today. However, Stifel gave a divergent opinion on the stock yesterday, recommending it as a Buy. BUY: Research firm Stifel yesterday initiated coverage of Infoblox with a Buy rating, saying that the company is poised to benefit from "the tremendous growth of IP-based devices in enterprises." Infoblox has significant growth potential and is the leader in its markets, wrote Stifel, adding that the company should be boosted by its new products and better sales execution going forward. It set a $23 price target on the stock. HOLD: Infoblox still has to work hard to sell its IP Address management system and its Domain Name System, or DNS, product, Deutsche Bank analyst Vijay Bhagavath indicated. Moreover, the company will probably have to increase the amount of money it spends on sales initiatives in fiscal 2016, putting a lid on its earnings power, the analyst warned. Also likely to hurt Infloxblox in fiscal 2016 are its transition to an "as a service model," which is likely to cause analysts to lower their estimates for the company and Cisco's (CSCO) launch of an OpenDNS product for companies, according to Bhagavath, who cut his price target on Infoblox to $20 from $30. PRICE ACTION: In morning trading, Infoblox fell 3.7% to $17.11.
09:52 EDTVZCNBC's Faber dampens DISH takeover speculation
Potential deal talks between DISH (DISH) and T-Mobile (TMUS) were going nowhere in the past and are still not going anywhere, CNBC's David Faber reports. Speculation continues to surround DISH after it asked the FCC for more time to pay for its newly purchased spectrum, citing "new and complex business issues," Faber added. Verizon (VZ) CEO Lowell McAdam told the reporter last week in an interview that his company has no plans to buy a satellite company and is not in talks with DISH. Shares of DISH are down 57c to $61.85 in early trading.
07:27 EDTVZVerizon valuation 'still compelling,' says Wells Fargo
Subscribe for More Information
1 | 2 | 3 >>

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