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Stock Market & Financial Investment News

News Breaks
August 5, 2014
04:55 EDTVRTU, VRTU, TISA, TISA, NTCT, NTCT, EPAY, EPAY, P, P, SPNS, SPNS, IMMR, IMMR, XOOM, XOOM, MITK, MITK, GLUU, GLUU, ECOM, ECOM, KFX, KFX, MEET, MEET, TIVO, TIVONeedham to host a conference
Annual Interconnect Conference to be held in New York on August 5-6.
News For VRTU;MEET;KFX;ECOM;GLUU;MITK;XOOM;IMMR;SPNS;P;EPAY;NTCT;TISA;TIVO From The Last 14 Days
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August 27, 2015
10:31 EDTPPandora calls active
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10:23 EDTPRumor: Pandora moves up on renewed takeover chatter
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August 25, 2015
08:06 EDTECOMChannelAdvisor management to meet with William Blair
Meeting to be held in Boston on September 1 hosted by William Blair.
August 24, 2015
10:32 EDTEPAYBottomline says Paymode-X network selected by Abington-Jefferson Health
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August 20, 2015
10:00 EDTVRTUOn The Fly: Analyst Initiation Summary
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08:00 EDTVRTUVirtusa initiated with an Outperform at Barrington
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August 19, 2015
13:53 EDTMEETMeetMe, San Francisco settle litigation with protections for minors
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09:05 EDTPPandora price target raised to $25 from $20 at Rosenblatt
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08:12 EDTSPNSSapiens management to meet with Needham
Meetings to be held in New York on August 25 and in Boston on August 26 hosted by Needham.
August 17, 2015
13:11 EDTECOMAlibaba unlikely to make competing offer for zulily, say Baird
zulily (ZU) shareholder Alibaba (BABA) is unlikely to make a competing takeover bid for the online retailer, Baird analyst Colin Sebastian tells investors in a research note. Alibaba, which upped its stake in zulily to 9% in May, likely views the company as an investment rather than a vehicle to enter the U.S. market, Sebastian argues. This morning, Liberty Interactive (QVCA) announced it had reached an agreement to acquire zulily for $18.75 per share or $2.4B. The analyst sees strategic benefits from the deal. Increased takeover activity in the small-cap internet space could support the valuations of the remaining independents, including ChannelAdvisor (ECOM), Yelp (YELP), Groupon (GRPN), Angie's List (ANGI) and RetailMeNot (SALE), Sebastian writes. Shares of zulily are soaring 47% to $18.50 following the takeover agreement.
08:11 EDTTISATop Image Systems signs mutli-million dollar deal with top 5 U.S. bank
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August 14, 2015
12:29 EDTGLUUKing Digital sinks after posting weaker than expected network metrics
Shares of King Digital (KING), an interactive entertainment company for the mobile world, are sinking after the company reported weaker than expected network metrics in the second quarter. WHAT'S NEW: After the close on Thursday, King Digital reported Q2 adjusted earnings per share of 49c and revenue of $500M, ahead of analysts' consensus estimates of 43c and $490.03M, respectively. King reported Q2 total gross bookings of $529M, above the high end of its previously provided guidance range, but down 12% sequentially and 13% year over year. Excluding the impact of changes in foreign exchange rates, King said gross bookings would have decreased by approximately 11% sequentially, and by approximately 6% y/y. King noted that 81%, or $430M, of gross bookings were derived from the mobile audience. The company said "Candy Crush Saga," "Candy Crush Soda Saga" and "Farm Heroes Saga" ranked within the top 10 grossing games in App Store and Play Store in the U.S. during Q2. King said its monthly unique users fell 1% to 340M in Q2, down from 345M last year, while monthly active users were 501M vs. 485M last year; daily active users were 142M in Q2 vs. 138M last year. The company said year-over-year increases in monthly active users and daily active users were primarily due to the introduction of new games, particularly "Candy Crush Soda Saga," partially offset by decline in "Candy Crush Saga" and other more mature games. It said increases also reflect growth in activity from mobile players, partially offset by continued decrease in activity from Facebook (FB) players. WHAT'S NOTABLE: Looking ahead, King Digital said it expects gross bookings in the third quarter of $460M-$485M based on the timing of game releases and recent trends. The company sees fourth quarter bookings "fairly consistent sequentially." ANALYST REACTION: This morning, JPMorgan analyst Doug Anmuth downgraded King Digital Entertainment to Neutral from Overweight citing an elevated risk profile following the company's Q2 results. King's network metrics were weaker than expected while a key component of the company's pipeline, the upcoming mid-core game, is pushed to 2016, Anmuth said. He cut the price target for shares to $17 from $20. PRICE ACTION: In early afternoon trading, King Digital fell $1.81, or 11.84%, to $13.40 on nearly four times its average daily trading volume. Including today's pull back, the shares have lost approximately 3% over the past year. OTHERS TO WATCH: Other companies in the mobile gaming space include Glu Mobile (GLUU), Zynga (ZNGA), Shanda Games (GAME), Activision Blizzard (ATVI), Electronic Arts (EA) and Take-Two Interactive (TTWO).

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