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Stock Market & Financial Investment News

News Breaks
March 12, 2014
08:25 EDTLYV, LYV, DDD, DDD, IT, IT, P, P, BZ, BZ, JDSU, JDSU, NPTN, NPTN, EA, EA, PHRM, PHRM, VMW, VMWPiper Jaffray to hold a conference
Technology, Media & Telecomunications Conference is being held in New York on March 11-12 with webcasted company presentations to begin on March 12 at 8:30 am; not all company presentations may be webcasted. Webcast Link
News For VMW;PHRM;EA;NPTN;JDSU;BZ;P;IT;DDD;LYV From The Last 14 Days
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July 21, 2015
17:23 EDTVMWVMware backs FY15 revenue $6.57B-$6.69B, consensus $6.65B
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16:04 EDTVMWVMware reports Q2 license revenue $638M
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16:03 EDTVMWVMware reports Q2 EPS 93c, consensus 91c
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15:02 EDTVMWNotable companies reporting after market close
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14:24 EDTVMWEarnings Watch: EMC reports amid M&A speculation in sector
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10:50 EDTVMWVMware technical notes ahead of earnings news
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08:05 EDTVMWVMware July weekly volatility elevated into Q4 and outlook
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05:12 EDTEAEA SPORTS partners with Real Madrid C.F. as official videogame partner
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July 20, 2015
10:43 EDTEAZillow slides to 52-week low after Barclays cuts to sell
The shares of Zillow (Z) are falling after Barclays downgraded the stock to Underweight, the firm's equivalent of a "Sell" rating, citing increased competition in the "local" segment of the Internet market. Zillow's websites advertise homes that are up for sale. WHAT'S NEW: In a note to investors earlier today, Barclays analyst Christopher Merwin wrote that, heading into second quarter results, he does not recommend Internet stocks that have been "challenged" and have relatively "cheap" valuations. These valuations are only "cheap" based on consensus estimates that are probably too high, the analyst believes. Based on that criteria, he downgraded Zillow to Underweight from Equal Weight. He also used the same criteria to downgrade Yelp (YELP), whose website features user reviews of local businesses, to Equal Weight from Overweight. Both companies are facing an "atypical level" of competition, driven by a favorable venture capital funding environment, Merwin indicated. The competition has driven down the companies' multiples, he believes. WHAT'S NOTABLE: Merwin recommended that investors buy the shares of small and mid cap Internet companies whose estimates are just beginning to be revised upwards by analysts. He identified IAC (IACI), which owns several dating websites, as one stock in this category. IAC should benefit from increased monetization of its popular Tinder dating app and the stabilization of its core dating websites, the analyst contended. Also poised for further positive estimate revisions are video game makers Electronic Arts (EA) and Activision Blizzard (ATVI), Merwin believes. The companies' increased revenue from digital games should mitigate the risk they face from slowing software growth as sales of new consoles slow, the analyst believes. He noted that 50% of both companies' revenue are now generated from digital games and identified Electronic Arts and Activision Blizzard as two of his top ideas. PRICE ACTION: In morning trading, Zillow fell 5% to $79 after hitting a 52-week low of $76.82 earlier in the session. Meanwhile, Yelp slid 1.6% to $34.40, IAC fell fractionally to $83.83, Electronic Arts added about 1% to $74.15 and activision Blizzard rose 0.5% to $25.93.
08:19 EDTVMWSentiment towards VMware overly negative, says RBC Capital
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05:44 EDTEAZillow Group downgraded to Underweight from Equal Weight at Barclays
Barclays analyst Christopher Merwin downgraded Zillow Group (Z) to Underweight saying competition is increasing in local. Underweight is Barclays' equivalent to a sell rating. The real estate and rental marketplace owner closed Friday at $83.27. Merwin believes consensus growth estimates are likely too high heading into Zillow's Q2 results and cut his price target for the stock to $70 from $90. The analyst this morning also downgraded Yelp (YELP) to Equal Weight for similar reasons. His top U.S. Internet picks heading into Q2 earnings season are IAC (IACI), Activision Blizzard (ATVI) and Electronic Arts (EA). Merwin thinks Activision and Electronic Arts will receive more than half of their 2015 revenue from digital.
July 17, 2015
05:51 EDTEAJune NPD video game software sales rose 21%, says Piper Jaffray
Piper Jaffray notes June NPD video game software sales were up 21% year-over-year, driven by Batman: Arkham Knight from Warner Bros. Piper remains positive on the group and keeps Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).
July 16, 2015
14:24 EDTVMWVMware July weekly volatility elevated into Q4 and outlook
VMware July weekly call option implied volatility is at 51, August is at 31, October is at 26; compared to its 52-week range of 21 to 47, suggesting large near term price movement into the expected release of Q4 results on July 21.
11:27 EDTDDDPiper ups Voxeljet despite caution after 3D printing survey
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06:18 EDTDDDPiper's 3D printing survey 'discouraging again'
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05:36 EDTDDDvoxeljet upgraded to Overweight from Neutral at Piper Jaffray
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July 15, 2015
16:17 EDTJDSUJDSU sets record, distribution date for separation into Lumentum, Viavi
JDSU (JDSU) announced several key dates in connection with the separation of its Communications and Commercial Optical Products business segment as a separate public company to be named Lumentum Holdings, and the special dividend distribution of approximately 80.1% of Lumentum's common stock to JDSU shareholders, subject to the conditions set forth in Lumentum's Registration Statement on Form 10 as filed with the Securities and Exchange Commission on February 26, 2015, as amended. Separation to be completed August 1, 2015 and Lumentum shares to be distributed to shareholders the first trading day thereafter, August 3, 2015. Lumentum (LITE) and Viavi (VIAV) to begin "regular way" trading on NASDAQ on August 4, 2015, the ex-dividend date. JDSU shareholders will receive one share of Lumentum common stock for every five shares of JDSU common stock held on July 27, 2015, the record date for the distribution, and not sold prior to the ex-dividend date; approximately 80.1% of Lumentum's outstanding shares will be distributed. JDSU to be renamed Viavi Solutions. For every five shares of JDSU common stock held, JDSU shareholders will receive one share of Lumentum common stock. Shareholders will receive cash in lieu of fractional shares. The special dividend distribution is expected to be effective at 12:01 am on Saturday, August 1, 2015. The distribution will be paid on the first trading day thereafter, Monday, August 3, 2015, to JDSU shareholders of record as of the close of business on July 27, 2015 who continue to hold shares until the ex-dividend date. The distribution of Lumentum common stock will complete the formal separation of CCOP from JDSU. After the distribution, Lumentum will be an independent, publicly-traded company. JDSU will be renamed Viavi Solutions Inc. and, at the time of the distribution, will retain ownership of approximately 19.9% of Lumentum's outstanding shares. Based on approximately 235.3M shares of JDSU common stock outstanding as of June 27, 2015, a total of approximately 47.1M shares of Lumentum common stock will be distributed to shareholders and approximately 11.7M shares will be retained by Viavi. Viavi is committed to liquidating these shares within three years from the closing.
09:34 EDTPPandora downgraded to Mixed from Positive at OTR Global
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06:09 EDTEAElectronic Arts price target raised to $79 from $72 at Piper Jaffray
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06:03 EDTPStocks with implied volatility above IV index mean; P HLF
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