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Stock Market & Financial Investment News

News Breaks
May 20, 2014
07:57 EDTEMC, IBM, VMW, NYT, WU, WDC, SEAS, CBSO, FEYE, VZJPMorgan to hold a conference
Technology, Media & Telecom Conference to be held in Boston on May 19-21 with webcasted company presentations to begin on May 20 at 8 am; not all company presentations may be webcasted. Webcast Link
News For VZ;FEYE;CBSO;SEAS;WDC;WU;NYT;VMW;IBM;EMC From The Last 14 Days
Check below for free stories on VZ;FEYE;CBSO;SEAS;WDC;WU;NYT;VMW;IBM;EMC the last two weeks.
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August 14, 2014
11:45 EDTEMCNetApp rises after earnings beat, Needham upgrade
Shares of storage systems provider NetApp (NTAP) are advancing after the company posted better than expected first quarter results and received positive analyst commentary. WHAT'S NEW: Last night, NetApp reported Q1 adjusted earnings per share of 60c and revenue of $1.49B, beating analysts' consensus estimates of 57c and $1.47B, respectively. Q1 adjusted gross margin was 64.3%. WHAT'S NOTABLE: NetApp forecast second quarter adjusted EPS of 66c-71c and revenue of $1.49B-$1.59B, compared to consensus of 69c and $1.53B, respectively. For fiscal 2015, the company sees EPS growth just under 10% and revenue growth in the mid-single digits. FY15 adjusted gross margin is seen at 63%-64%. On NetApp's Q1 conference call, management said it was seeing a rebound in enterprise spending in the U.S. ANALYST REACTION: This morning, analyst commentary was overwhelmingly positive. Needham upgraded NetApp to Buy from Hold following its strong Q1 report, citing better enterprise spending. Their price target was $49. Two firms, Piper Jaffray and Brean Capital, raised their respective price targets on NetApp and Pacific Crest said NetApp is "'undervalued and underappreciated," noting that the company's Q1 results included 13% earnings growth year-over-year. PRICE ACTION: In late morning trading, NetApp rose $1.47, or 3.7%, to $40.77 on heavy trading volume. Despite today's advance, the stock is down approximately 4% over the past 12 months. OTHERS TO WATCH: Other companies in the storage space include: EMC (EMC), Dot Hill Systems (HILL) and Nimble Storage (NMBL).
11:36 EDTEMCEMC executive say 'Virtual Isilon' coming, IT Wire reports
EMC's Isilon storage product has proved popular in Australia with customers that need large amounts of storage and EMC CTO John Roese told a customer event in Melbourne this month that "Virtual Isilon" is coming this year, reported IT Wire. Reference Link
10:13 EDTSEASSeaWorld downgraded to Underweight from Overweight at Barclays
Price target is $20.
10:05 EDTSEASOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Adidas (ADDYY) downgraded to Neutral from Buy at Goldman... Fabrinet (FN) downgraded at B. Riley... Freeport McMoRan (FCX) downgraded at Stifel... Infosys (INFY) downgraded to Hold from Buy at Jefferies... InterMune (ITMN) downgraded to Neutral from Buy at Goldman... Jones Energy (JONE) downgraded to Neutral from Overweight at JPMorgan... LVMH Moet Hennessy (LVMUY) downgraded to Neutral from Buy at Goldman... Madison Square Garden (MSG) downgraded to Hold from Buy at Topeka... Qualys (QLYS) downgraded to Sector Perform from Outperform at RBC Capital... SeaWorld (SEAS) downgraded to Market Perform from Outperform at Wells Fargo... Theravance Biopharma (TBPH) downgraded to Underperform from Neutral at RW Baird... URS Corporation (URS) downgraded to Neutral from Buy at Sterne Agee... ViaSat (VSAT) downgraded to Perform from Outperform at Oppenheimer... Wynn Resorts (WYNN) downgraded to Hold from Buy at Gabelli.
09:07 EDTVZMorgan Stanley to hold a conference
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08:10 EDTSEASSeaWorld management to meet with FBR Capital
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07:47 EDTSEASSeaWorld downgraded to Neutral from Outperform at Macquarie
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07:28 EDTSEASSeaWorld downgraded to Neutral from Buy at BofA/Merrill
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07:14 EDTSEASSeaWorld downgraded to Market Perform from Outperform at Wells Fargo
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August 13, 2014
16:19 EDTSEASOn The Fly: Closing Wrap
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14:57 EDTSEASBlackstone could opt to take SeaWorld private again, FT says
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14:02 EDTCBSOWinslow Capital reports 5.6% passive stake in CBS Outdoor
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12:07 EDTSEASOn The Fly: Midday Wrap
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11:05 EDTSEASSeaWorld dives as negative media attention contributes to sales miss
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10:20 EDTSEASHigh option volume stocks
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10:01 EDTFEYEOn The Fly: Analyst Initiation Summary
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09:15 EDTSEASOn The Fly: Pre-market Movers
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07:35 EDTSEASSeaWorld authorizes share repurchase program of up to $250M
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07:34 EDTSEASSeaWorld sees 2014 revenue down 6%-7%, consensus $1.51B
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07:32 EDTSEASSeaWorld reports Q2 EPS 43c, consensus 59c
Reports Q2 revenue $405.2M, consensus $445.29M.
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