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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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January 27, 2016
05:06 EDTVMWStocks with implied volatility above IV index mean; VMW TWTR
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January 26, 2016
19:26 EDTVMWOn The Fly: After Hours Movers
UP AFTER EARNINGS: CA Technologies (CA), up 4.8%... Ethan Allen (ETH), up 10.6%... Hawaiian Holdings (HA), up 5.7%... Capital One (COF), up 1.1%. ALSO HIGHER: Fate Therapeutics (FATE), up 25% after announcing that the FDA has cleared the company's investigational new drug application for ProTmune... Raptor Pharmaceutical (RPTP), up 6.6% after being upgraded to Buy from Neutral at Citi. DOWN AFTER EARNINGS: U.S. Steel (X), down 9%... AT&T (T), down 1.9%... Apple (AAPL), down 2.6%... VMware (VMW), down 4.7%... TSYS (TSS), down 7.4% after reporting quarterly results and announcing the acquisition of TransFirst for $2.3B in cash. ALSO LOWER: Lannett (LCI), down 9% after giving second quarter and fiscal 2016 guidance... Baxalta (BXLT), down 2% after filing to sell $1.45B of common stock for holders.
17:47 EDTVMWVMware sees Q1 EPS 83c-85c, consensus 92c
Sees Q1 revenue $1.55B-$1.6B, consensus $1.65B.
17:42 EDTVMWVMware reverses after hours gains, now lower by 6.4%
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17:39 EDTVMWVMware says BRIC countries accounted for 2 points of headwind in Q4
17:36 EDTVMWVMware sees Q1 EPS 83c-85c, consensus 92c
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17:34 EDTVMWVMware sees FY16 EPS $4.07-$4.16, consensus $4.20
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17:33 EDTVMWVMware sees FY16 non-GAAP operating margin 31.5%
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17:32 EDTVMWVMware sees FY16 revenue $6.8B-$6.9B, consensus $7.21B
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17:18 EDTVMWVMware sees continued weakness in China, Russia and Brazil
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17:12 EDTVMWVMware sees 2016 total bookings, license bookings to exceed revenue growth
In its Q4 slides presentation the company said for 2016 expect total bookings and license bookings to exceed revenue growth by 3-5% points.
16:24 EDTVMWVMware appoints Zane Rowe as CFO
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16:21 EDTVMWVMware moves up
After results, the shares are up over 4.8% in the extended session to $51.69. At that price resistance is at $52.88. Support is at $50.39.
16:18 EDTVMWVMware to take charge on restructuring, announces new CFO
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16:16 EDTVMWVMware reports Q4 EPS $1.26, consensus $1.25
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15:20 EDTVMWEarnings Watch: EMC reports as questions linger on Dell deal
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14:32 EDTVMWNotable companies reporting after market close
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08:13 EDTVMWVMware expected layoffs hit Monday, Fortune reports
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06:00 EDTVMWEU to decide on Dell, EMC deal by February 29, Reuters reports
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January 25, 2016
15:24 EDTVMWVMware volatility elevated into Q4 and outlook
VMware January weekly call option implied volatility is at 97, February is at 55; compared to its 52-week range of 21 to 53, suggesting large near term price movement into the expected release of Q4 results on January 26.
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