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Stock Market & Financial Investment News

News Breaks
January 29, 2013
12:43 EDTVMWVMware plunges after weaker than expected revenue guidance
Last night, VMware (VMW) reported Q4 results that beat analysts’ estimates. However, it issued Q1 and FY13 revenue guidance that trailed expectations. Q1 revenue was forecast at $1.17B-$1.19B, versus consensus $1.25B, while FY13 revenue was seen by the company at $5.23B-$5.35B, well shy of the $5.42B estimate. 2013 license revenue was guided up 8%-11%. The company also announced a restructuring effort that included the elimination of 900 jobs and exiting certain lines of business. The effort is expected to be completed by the end of 2013, and the total charges from the plan were forecast at $90M-$100M, with the majority seen taken in Q1. Sentiment on the Street has been decidedly negative, with at least nine firms either downgrading the stock or lowering their target prices. However, analyst Shaul Eyal at research firm Oppenheimer came to the company’s defense, saying VMware trades only slightly higher than its competitors’ multiples and that it is leveraged to strong secular drivers. The firm said it would be a buyer on any weakness. In early afternoon trading, shares of VMware are down sharply, falling approximately 20% on significantly higher than average volume to $78.27.
News For VMW From The Last 14 Days
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November 20, 2014
16:44 EDTVMWVMware initiated with a Buy at Jefferies
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November 14, 2014
13:52 EDTVMWVMware volatility at low end of historic range
VMware November call option implied volatility is at 22, December is at 23, January is at 20, April is at 25; compared to its 26-week average of 31 according to Track Data, suggesting decreasing price movement.
November 13, 2014
10:01 EDTVMWOn The Fly: Analyst Initiation Summary
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08:14 EDTVMWVMware initiated with a Buy at Maxim
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November 12, 2014
15:08 EDTVMWEarnings Preview: Cisco reports amid analyst debate on break-up potential
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14:08 EDTVMWIntel reports 427.7K share position in Rocket Fuel
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November 11, 2014
12:09 EDTVMWRackspace soars after Q3 results top estimates, $500M share buyback plan
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08:42 EDTVMWEMC returns could be limited after potential spin off, says Bernstein
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November 6, 2014
13:04 EDTVMWEarnings Preview: Analysts positive on NVIDIA ahead of Q3 earnings report
NVIDIA (NVDA) is expected to report third quarter earnings after the close on Thursday, November 6, with a conference call scheduled for 5:00 pm ET. NVIDIA is a semiconductor manufacturer that produces graphics chips used in personal computers as well as mobile processors used in cell phones and tablets. EXPECTATIONS: Analysts are looking for earnings per share of 29c on revenue of $1.2B. The consensus range is 27c-31c for EPS on revenue of $1.2B-$1.22B, according to First Call. In its last earnings report, NVIDIA said it expects Q3 revenue of $1.2B, plus or minus 2%, which was higher than analysts' consensus of $1.16B at the time. LAST QUARTER: On August 6, NVIDIA reported second quarter EPS of 30c, which beat the consensus forecast of 20c, on revenue of $1.1B, which matched analysts consensus of $1.1B. COMPANY NEWS: On August 26, NVIDIA, VMWare (VMW) and Google (GOOG) announced a collaboration to deliver high-performance virtual desktops and workstation-class graphic on Google Chromebooks. The partnership is anticipated to broaden the hardware options for high-performance virtual desktops. On September 4, NVIDIA announced that it filed complaints against Samsung (SSNLF) and Qualcomm (QCOM) at the International Trade Commission and in the U.S. District Court in Delaware, alleging that the companies were both infringing NVIDIA GPU patents covering technology including programmable shading, unified shaders and multithreaded parallel processing. The identified Samsung products included the Galaxy Note Edge, Galaxy Note 4, Galaxy S5, Galaxy Note 3 and Galaxy S4 mobile phones and the Galaxy Tab S, Galaxy Note Pro and Galaxy Tab 2 computer tablets. STREET RESEARCH: On August 8, Needham upgraded NVIDIA to Buy from Hold. The firm believed that the change in the company's strategy reduced its earnings volatility and raised its margins, while the stock's decline has created a good entry point. The firm also noted that the company reported better than expected results and provided stronger than expected guidance. NVIDIA announced that it had filed graphics processing units patent infringement lawsuits against both Samsung and Qualcomm, Stifel said on September 5 that the lawsuits could at a minimum cause other companies to conclude licensing deals with NVIDIA. The firm kept a $22 price target and Buy rating on NVIDIA. After NVIDIA (NVDA) filed lawsuits against Qualcomm (QCOM) and Samsung, JMP Securities noted that there was a good chance that NVIDIA would obtain a favorable ruling or settlement that is equal or greater to the $1.5B deal it cut with Intel (INTC). The firm thought that other companies, most notably Apple (AAPL), would launch talks with NVIDIA in the wake of the lawsuit. JMP Securities recommended buying NVIDIA ahead of upcoming Apple product refreshes and what it sees as accelerating growth trends for NVIDIA. The firm was upbeat about NVIDIA's new products and reiterated an Outperform rating. Pacific Crest upgraded NVIDIA to Sector Perform from Underperform on November 3. The firm expected the company's share gains in high end desktop GPU and AMD's (AMD) product delays to enable NVIDIA's results to meet or exceed consensus estimates in the near to medium term. PRICE ACTION: Since issuing preliminary earnings on August 6, shares of NVIDIA are up over 12.5%. During late-morning trading, shares of NVIDIA are down fractionally to $20.02.

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