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Stock Market & Financial Investment News

News Breaks
January 29, 2014
06:04 EDTVMWVMware price target raised to $121 from $113 at JPMorgan
JPMorgan raised its price target for VMware shares to $121 following the company's Q4 results and outlook. The firm keeps an Overweight rating on the stock.
News For VMW From The Last 14 Days
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December 19, 2014
11:54 EDTVMWRed Hat soars to 52-week high after beat and raise quarter
Shares of open source software solutions provider Red Hat (RHT) are rallying after the company’s third quarter results surpassed analysts’ consensus estimates and it raised its outlook for fiscal 2015. WHAT'S NEW: Last night, Red Hat reported Q3 adjusted earnings per share of 42c and revenue of $455.9M, topping analysts’ consensus estimates of 40c and $451.39M, respectively. Q3 subscription revenue was $395M, up 15% year-over-year, while operating cash flow of $133M was up 40% year-over-year. CFO Charlie Peters noted that strong performance in the quarter was driven by outstanding sales execution. He said, “performance this quarter with large deals was exceptional, setting new records in number of deals over $5M in a quarter and deals over $10M in a Q3.” Peters also announced his intention to retire in the next twelve months. WHAT’S NOTABLE: Looking ahead to Q4, Red Hat forecast EPS of 40c-41c and revenue of $456M-$459M, compared to consensus of 41c and $459.39M, respectively. The company raised its outlook for FY15 EPS to $1.57-$1.58 from $1.53-$1.55, versus consensus of $1.54. It also boosted the bottom end its FY15 revenue outlook to $1.78B-$1.79B from $1.77B-$1.79B, compared to the consensus of $1.78B. ANALYST REACTION: This morning, four research firms - Piper Jaffray, Stifel, UBS, and Oppenheimer - all raised their respective price targets on Red Hat. Each cited the company’s stronger than expected Q3 results. All four maintained a Buy or equivalent rating on the shares and among the four Oppenheimer took its price target up to the highest level, increasing its target on Red Hat to $80 from $74. PRICE ACTION: In late morning trading, Red Hat rose $6.98, or 11.4%, to $68.48 on nearly three times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $70.13. Including today's advance, the shares have gained approximately 40% over the past 12 months. OTHERS TO WATCH: Other companies in the software and cloud space include Oracle (ORCL), LogMeIn (LOGM) VMware (VMW), and Microsoft (MSFT).
December 16, 2014
13:19 EDTVMWResearch firm sees Amazon spinning off AWS in 2015, CNBC reports
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December 12, 2014
12:26 EDTVMWPiper Jaffray bearish, RBC bullish on VMware outlook
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06:34 EDTVMWVMware resumed with an Underweight from Overweight at Piper Jaffray
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December 11, 2014
07:58 EDTVMWVMware pullback creates attractive entry point, says RBC Capital
After meeting with VMware's management, RBC Capital continues to believe that the company has significant cross selling opportunities and can benefit from a $60B data center total available market. The firm believes that several of the company's markets could reach a positive turning point in 2015. RBC keeps an Outperform rating on the shares.

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