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Stock Market & Financial Investment News

News Breaks
August 4, 2014
11:02 EDTCSCO, EMC, MSFT, VMW, IBMVMware seen as takeover candidate if spun from EMC
Shares of VMware (VMW) and EMC (EMC) are advancing after FBR Capital wrote that VMware would become an acquisition target if it is spun off from EMC, as has reportedly been urged by an activist investor. Meanwhile, EMC could take more steps to enhance shareholder value, FBR Capital believes. WHAT'S NEW: After The Wall Street Journal reported that hedge fund Elliott Management would push EMC to spin off VMware, FBR Capital analyst Daniel Ives wrote that he thinks that such a spin-off would make VMware "a top acquisition candidate." Among the potential acquirers of VMware in such a scenario are IBM (IBM), Microsoft (MSFT), and Cisco (CSCO), Ives contended. Furthermore, EMC could consider other measures to enhance shareholder value, including a reduction of the company's stake in VMware and an increase in its dividend and/or share repurchases, Ives believes. Meanwhile, EMC's fundamentals appear healthy, as FBR's checks suggest that the company is poised to capitalize on solid trends this year and beyond, the analyst wrote. He raised his price target on EMC to $35 from $33 and kept an Outperform rating on the shares. WHAT'S NOTABLE: Elliott Management has obtained a stake of over $1B in EMC, The Journal reported on July 21. During its earning conference call on July 23, EMC management said it had heard nothing else from Elliot Management at that point other than the request for a meeting. EMC added, "We are always open and welcome with dialogue with all of our shareholders... and will respectfully listen to them." PRICE ACTION: In mid-morning trading, EMC rose 0.7% to $29.25 and VMware advanced 1.4% to $99.69.
News For VMW;EMC;IBM;MSFT;CSCO From The Last 14 Days
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July 21, 2015
07:04 EDTMSFTMicrosoft July weekly volatility elevated into Q4 and outlook
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July 20, 2015
19:55 EDTIBMIBM falling after Q2 earnings shows further decline in revenues
After the close, IBM (IBM) reported second quarter earnings and backed its fiscal 2015 guidance. WHAT'S NEW: IBM reported Q2 earnings per share of $3.84, above consensus estimates of $3.78, and Q2 revenue of $20.8B, below analyst expectations of $20.95B. IBM said Global Technology Services segment revenues were down 10% percent, Software segment revenues were down 10%, and Systems Hardware segment revenues were down 32%, although IBM noted that revenues from the its strategic imperatives -- cloud, analytics, and engagement -- increased more than 20% year-to-date. The company also backed its FY15 EPS guidance of $15.75-$16.50, against a consensus of $15.88. During the earnings conference call, management said the company expected Q3 revenue to be similar to that of Q1, which was $19.6B, below the Q3 revenue consensus of $19.98B. WHAT'S NOTABLE: On its conference call, IBM stated that it expects the currency impact for FY15 to be worse than it anticipated 90 days ago. ANALYST REACTION: Research firm Cantor put out a note following the earnings announcement stating that IBM delivered a "healthy Q2" and the firm maintained its Buy rating and $198 price target on the stock. The firm added that "IBM represents an attractive value" due to its 3% dividend yield and 35% P/E discount to the S&P 500. PRICE ACTION: Shares of IBM are down 5.2% to $164.25 in after-hours trading.
19:02 EDTIBMOn The Fly: After Hours Movers
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17:20 EDTIBMIBM sees currency impact for FY15 worse than saw 90 days ago
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17:01 EDTIBMIBM sees Q3 revenue similar to Q1 revenue
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16:41 EDTIBMIBM Q2 Cloud revenue up more than 50% as reported
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16:17 EDTIBMIBM revenues from strategic imperatives up more than 20% year-to-date
Revenues from the company’s strategic imperatives --- cloud, analytics, and engagement --- increased more than 20% year-to-date, more than 30% adjusting for currency and the divested System x business. Total cloud revenues increased more than 50%, more than 70% adjusting for currency and the divested System x business year-to-date, and is $8.7B over the last 12 months, adjusted for the divested System x business. The annual run rate for cloud delivered as a service -- a subset of the total cloud revenue -- increased to $4.5B from $2.8B in the second quarter of 2014. Revenues from business analytics increased more than 10%, more than 20% adjusting for currency, year-to-date. Revenues from mobile more than quadrupled, and social revenues increased more than 30%, more than 40% adjusting for currency, both year-to-date.
16:13 EDTIBMIBM reports Q2 revenue from Systems Hardware down 32%
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16:10 EDTIBMIBM reports Q2 revenues from the Software segment were doen 10%
Revenues from the Software segment were down 10% to $5.8B, down 3% adjusting for currency compared with the second quarter of 2014. Revenues from IBM’s key middleware products, which include WebSphere, Information Management, Tivoli, Workforce Solutions and Rational products, were $4B, down 7%, flat adjusting for currency, year-to-year. Operating systems revenues of $0.4B were down 17% percent, down 9% percent adjusting for currency year-to-year.
16:08 EDTIBMIBM reports Q2 Global Technology Services revenues down 10%
Global Technology Services segment revenues were down 10% percent, up 1% percent adjusting for currency and the divested System x business, to $8.1B. Global Business Services segment revenues were down 12%, down 3 percent adjusting for currency, to $4.3B. The estimated services backlog as of June 30 was $122B, up more than 1% year-to-year adjusting for currency.
16:06 EDTIBMIBM backs FY15 EPS $15.75-$16.50, consensus $15.88
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16:04 EDTIBMIBM reports Q2 EPS $3.84, consensus $3.78
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16:01 EDTIBM, MSFTOptions Update; July 20, 2015
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15:10 EDTIBMIBM July weekly 172.5 straddle priced for 4.1% movement into Q2
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15:07 EDTIBMIBM July weekly volatility elevated into Q2 and outlook
IBM July weekly call option implied volatility is at 48, August is at 23, September is at 19 compared to its 52-week range of 12 to 28, suggesting large near term price movement into the expected release of Q2 results on July 20.
15:01 EDTIBMNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include IBM (IBM), consensus $3.78... Canadian National Railway (CNI), consensus $1.05... Crown Holdings (CCK), consensus $1.01... Zions Bancorp (ZION), consensus 38c... Hexcel (HXL), consensus 61c... Brown & Brown (BRO), consensus 44c... Steel Dynamics (STLD), consensus 22c... Werner (WERN), consensus 42c.
12:40 EDTIBMEarnings Watch: IBM up 4% since last quarterly report
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10:45 EDTIBMIBM technical comments ahead of earnings
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09:04 EDTMSFTGE chooses Microsoft Office 365 fro employee collaboration and productivity
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08:19 EDTVMWSentiment towards VMware overly negative, says RBC Capital
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