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Stock Market & Financial Investment News

News For VZ;INTC;GOOG;QCOM;CSCO;FIRE;BRCD;VMW;RHT From The Last 14 Days
Check below for free stories on VZ;INTC;GOOG;QCOM;CSCO;FIRE;BRCD;VMW;RHT the last two weeks.
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May 24, 2013
16:00 EDTGOOGOptions Update; May 24, 2013
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15:37 EDTGOOGGoogle plans wireless networks in Africa, Asia, WSJ reports
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09:43 EDTGOOGActive equity option families trading
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07:49 EDTGOOGRumors of Google interest in Waze unfounded, TechCrunch says
After Bloomberg, citing "people familiar with the matter," said Google (GOOG) is considering a bid for map and traffic app maker Waze, TechCrunch countered that multiple credible sources it contacted "have poured cold water on the Google rumor." Facebook (FB) and Apple (AAPL) have previously been suggested as expressing interest in Waze, but the Bloomberg report said Apple was not among the "large tech companies” that have recently approached Waze, TechCrunch noted. Reference Link
07:44 EDTGOOGFacebook delays release of HTC First phone in Europe, FT reports
Facebook delayed release of its customized Android phone in Europe, following negative customer feedback in the U.S., reports the Financial Times. The new HTC First was released in the U.S. last month.Reference Link
07:33 EDTGOOGGoogle ad sales draws FTC probe, Reuters reports
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07:20 EDTGOOGFacebook may face bidding war with Google for Waze, Bloomberg says
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07:11 EDTGOOGGoogle seems to be copying Amazon's moves, WSJ reports
Google (GOOG) increasingly appears to be following Amazon.com’s (AMZN) lead. Last year, Amazon rolled out AmazonSupply, an e-commerce site featuring industrial goods, and Google followed suit this January, reports the Wall Street Journal.Reference Link
06:21 EDTGOOGAU Optronics to supply panels for next-generation Nexus 7, DigiTimes says
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06:10 EDTGOOGOn the Fly: Periodicals Wrap-Up
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May 23, 2013
20:04 EDTGOOGGoogle considering acquisition of Waze, Bloomberg reports
Waze is said to have fielded expressions of interest from several parties, which could create a possible bidding war, according to Bloomberg.
17:54 EDTGOOGGoogle loses bid to block imports of Xbox One, Bloomberg says
The ITC ruled that Microsoft's (MSFT) new Xbox One does not infringe patents held by Google's (GOOG) Motorola Mobility unit, preventing Google from getting imports of Xbox One to the U.S. blocked, reports Bloomberg. Reference Link
17:11 EDTGOOGGoogle loses bid to block U.S. imports of Microsoft's Xbox, Bloomberg reports
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17:11 EDTGOOGGoogle facing new antitrust probe from FTC, Bloomberg says
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16:01 EDTGOOGVIX methodology for Google up 5% to 22.88, will face antitrust probe
16:00 EDTGOOGOptions Update; May 23, 2013
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15:58 EDTGOOGGoogle facing new FTC probe over display ad practices, Bloomberg says
12:52 EDTGOOGGoogle cuts data storage prices
Google earlier today announced that it was reducing its Google App Engine data storage prices by up to 25%. Reference Link
11:31 EDTQCOMCirrus Logic tumbles after reducing long-term margin outlook
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10:17 EDTINTCNokia Siemens Networks, Intel sign collaboration MoU
Nokia Siemens Networks (NOK, SI) and Intel (INTC) announced they signed a Memorandum of Understanding to collaborate around the development of Liquid Applications, an approach to accelerate the delivery of media-rich services and content directly from the base station. The intent of the collaboration is to accelerate development of an enhanced mobile broadband experience that gives operators new revenue and differentiation opportunities. Nokia Siemens Networks and Intel will collaborate in the creation of a mobile edge computing ecosystem, focusing on over-the-top content providers, independent software vendors and application service providers. The parties will also explore new business models between mobile operators and other ecosystem players, they said.
10:10 EDTGOOGGoogle Glass reportedly to use Samsung OLED displays, SlashGear says
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09:37 EDTGOOGActive equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL NFLX GOOG HPQ
09:37 EDTCSCOCisco to host a webcast
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08:10 EDTGOOGGoogle's Schmidt defends taxes in U.K., FT reports
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06:01 EDTCSCOStocks with implied volatility below IV index mean; CSCO MBI
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05:49 EDTCSCOCisco earnings upside could drives shares to $30, says Citigroup
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05:45 EDTGOOGBig companies remove subsidiaries based on SEC disclosure rules, WSJ reports
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May 22, 2013
16:00 EDTGOOGOptions Update; May 22, 2013
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14:27 EDTGOOGcomScore says Google Sites lead April U.S. online video rankings
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14:06 EDTGOOGGoogle’s X Phone confirmed for Sprint, BGR says
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09:39 EDTGOOGActive equity option families trading
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09:10 EDTINTCIntel management to meet with Deutsche Bank
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08:42 EDTVZVodafone an attractive way to play trends at Verizon Wireless, says RW Baird at RW Baird
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07:42 EDTVZBarclays to host a conference
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07:24 EDTFIRE, VMW, VZ, BRCD, INTC, CSCONetEvents International to host a summit
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07:21 EDTINTCMIT Sloan Alumni Club of Boston to hold a symposium
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07:08 EDTVZPhone companies start selling subscriber data, WSJ reports
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06:02 EDTVZOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Since the financial crisis, bonds backed by a single loan have been less common than securities made up of a group of unrelated loans. But the market for loans on commercial properties has changed in recent months and is booming again--$12.1B so far this year--the Wall Street Journal reports...Big phone companies (SAP, T, TEF, VZ, VOD, CCO) have begun to sell the vast amounts of data they gather about their subscribers' locations, travels and Web-browsing habits. The information provides a powerful tool for marketers but raises new privacy concerns, the Wall Street Journal reports...REUTERS: Apple's (AAPL) ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. Apple channeled profits into Irish-incorporated subsidiaries that had no declared tax residency anywhere in the world, Reuters reports...The dollar languished well below last week's 4 1/2-year high against the yen today, ahead of testimony from the Fed Chairman Bernanke after two regional Fed presidents hinted that the central bank will continue its bond-buying scheme, Reuters reports...BLOOMBERG: Samsung (SSNLF) and LG Electronics are reworking their strategies for high-end TVs after spending billions of dollars on a new display technology that’s behind schedule and costs nearly $10,000 a set. The misstep has created an opening for Sony (SNE), Sharp (SHCAY) and Chinese maker Skyworth Digital, Bloomberg reports...Apple’s (AAPL) bonds have lost $280.6M of market value since buyers snapped up $17B of the iPhone maker’s debt last month, declining as yields climb from record lows, Bloomberg reports.
May 21, 2013
19:39 EDTGOOGGoogle tax behavior to be criticized by U.K. party leader, Reuters says
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13:08 EDTINTCIntel CEO creates 'new devices' group, Reuters reports
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10:42 EDTGOOGGoogle tests support at $900, levels to watch
The shares have had an amazing run-up over the last month, gaining nearly 14% in the process. Today, support at the $900 level is being tested with shares having broken that level to reach $897.61 and then bouncing slightly back above $900. If the stock can close back above $900 today, it will have passed the first test of support at this area. If it fails to do so, it could give bears in the stock an opportunity to sell and chase out longs in the name. First support today is at the session low at $897.61. Resistance is at $903.87.
07:32 EDTQCOM, VZCTIA–The Wireless Association to host a conference
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05:50 EDTVZVodafone to invest $3.15B Verizon dividend on business, WSJ reports
Vodafone Group said it will keep the $3.15B dividend payment it will receive from Verizon Wireless and invest it in its flagging operations in Europe, which weighed heavily on its full-year profit, reports the Wall Street Journal. Reference Link
May 20, 2013
16:02 EDTGOOGOptions Update; May 20, 2013
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13:32 EDTRHTRed Hat falls to session lows after downgrade, levels to watch
The shares are down over 4% at time of writing to $52.57, close to the session low at $52.36. At that price, next support is at $51.98. Resistance is at $53.54. BMO Capital earlier downgraded the stock to Market Perform and cut its price target to $54. The firm cited valuation, mixed field checks, and deceleration in most key financial metrics as reasons for the recommendation change and price target reduction.
13:06 EDTRHTOn The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday as the Dow and S&P seek to continue their march higher after closing last week at record levels. ECONOMIC EVENTS: In the U.S., the light domestic economic calendar included the Chicago Fed National Activity index, which slipped to -0.53 for April from its prior reading of -0.23. In Asia, the Hang Seng and Shanghai Composite both climbed after Chinese home prices were reported to have risen in April. COMPANY NEWS: Yahoo (YHOO) confirmed it is buying social media platform Tumblr for $1.1B, as widely reported over the weekend, and promised "not to screw it up" in its press release to announce the deal... Actavis (ACT) agreed to acquire Warner Chilcott (WCRX) in a stock-for-stock transaction valued at approximately $8.5B. The deal, which was approved by the boards of both companies, equates to a value of $20.08 per Warner Chilcott share based on Actavis' closing share price on Friday, the companies said. MAJOR MOVERS: Among the notable gainers were some other companies with M&A news: Acquity Group (AQ) shares more than doubled after Accenture (ACN) agreed to buy the company for $13.00 per American Depositary Share, and Pactera Technology (PACT) gained 31% after receiving a non-binding proposal from a Blackstone (BX) affiliate to be taken private for $7.50 per ADS. Among the noteworthy losers was XenoPort (XNPT), which fell 11% after one of its drugs failed in a Phase III trial for multiple sclerosis spasticity. Also lower were shares of Red Hat (RHT), which slid 4% following a downgrade to Market Perform at BMO Capital. INDICES: Near 1 pm ET, the Dow was up 13.67, or 0.09%, to 15,368.07; the Nasdaq was up 1.13, or 0.03%, to 3,500.10; and the S&P 500 was up 2.18, or 0.13%, to 1,669.65.
13:01 EDTCSCOCisco hits session lows, levels to watch
The shares are down nearly 2%, last at $23.76. At that price, next support is at $23.32. Resistance is at $24.34.
09:40 EDTCSCO, GOOGActive equity option families trading
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08:10 EDTINTCIntel management to meet with Deutsche Bank
Meeting to be held in Stockholm on May 20 hosted by Deutsche Bank.
07:53 EDTGOOGGoogle ex-employee claims evidence of U.K. tax evasion, FT says
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07:42 EDTCSCOCohasset Associates to host a conference
National Conference on Managing Electronic Records is being held in Chicago on May 20-22.
07:32 EDTQCOM, INTCSociety for Information Display / IHS to host a conference
Display Week 2013 is being held in Vancouver, British Columbia on May 19-24.
07:32 EDTINTCSociety for Information Display / IHS to host a conference
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07:31 EDTRHTRed Hat downgraded at BMO Capital
As previously reported, BMO Capital downgraded to Market Perform from Outperform. The firm cites valuation, mixed field checks, and deceleration in most key financial metrics for the downgrade. Price target is $54.
06:42 EDTRHTRed Hat downgraded to Market Perform from Outperform at BMO Capital
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May 19, 2013
18:59 EDTCSCO, INTCCisco looks the best out of tech comeback stocks, Barron's says
Cisco (CSCO), Intel (INTC), and Microsoft (MSFT) stocks have jumped this month, however, Intel and Microsoft's revenue growth declined, due to their reliance on the PC market, providing Cisco with an opportunity to pull ahead in the technology sector, Barron's contends in its Technology Trader column. Cisco looks moderately priced, the paper adds. Reference Link
May 17, 2013
16:47 EDTVZFitch affirms Verizon's IDR at 'A', outlook stable
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16:00 EDTCSCO, GOOGOptions Update; May 17, 2013
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15:12 EDTVZFocus on Verizon Wireless stake ahead of Vodafone earnings, Reuters says
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14:03 EDTGOOG, CSCOMarket set to finish week with gains after Cisco results, comments
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11:59 EDTCSCOOptions with decreasing implied volatility: ILMN LO A HES INFY CSCO
10:07 EDTBRCDOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded to Neutral from Buy at SunTrust... Aruba Networks (ARUN) downgraded to Perform from Outperform at Oppenheimer... CAE (CAE) downgraded to Sector Perform from Outperform at RBC Capital... City Holding (CHCO) downgraded to Market Perform from Outperform at Keefe Bruyette... Deere (DE) downgraded to Sell from Neutral at Goldman... Disney (DIS) downgraded to Neutral from Overweight at Atlantic Equities... HSBC (HBC) downgraded to Neutral from Outperform at Exane BNP Paribas... L Brands (LTD) downgraded to Underperform from Hold at Jefferies... Manning & Napier (MN) downgraded to Underperform from Neutral at BofA/Merrill... MeadWestvaco (MWV) downgraded to Underperform from Sector Perform at RBC Capital... National Grid (NGG) downgraded to Neutral from Outperform at Exane BNP Paribas... Savient (SVNT) downgraded to Market Perform from Outperform at William Blair... Stryker (SYK) downgraded to Reduce from Neutral at SunTrust... TRW Automotive (TRW) downgraded to Hold from Buy at Deutsche Bank... Universal Health (UHS) downgraded to Neutral from Positive at Susquehanna... Williams-Sonoma (WSM) downgraded to Neutral from Buy at BofA/Merrill... Zimmer (ZMH) downgraded to Reduce from Neutral at SunTrust... Aviva (AV) downgraded to Underperform from Sector Perform at RBC Capital... Pandora (P) downgraded to Hold from Buy at Maxim... Lumos Networks (LMOS) downgraded to Neutral from Buy at DA Davidson... Brocade (BRCD) downgraded to Underperform from Market Perform at William Blair... Applied Materials (AMAT) downgraded to Neutral from Buy at DA Davidson... Cosi (COSI) downgraded to Market Perform from Outperform at Northland Securities.
09:38 EDTGOOGGoogle rises following price target bump, levels to watch
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09:37 EDTGOOGActive equity option families trading on open
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08:53 EDTGOOGGoogle price target raised to $1,065 from $875 at Argus
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07:35 EDTBRCDBrocade downgraded to Underperform from Market Perform at William Blair
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07:35 EDTCSCOAruba Networks downgraded to Hold from Buy at Stifel
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07:11 EDTBRCDBrocade downgraded to Neutral from Outperform at RW Baird
RW Baird downgraded Brocade following the soft Q2 report and guidance. Price target is $6.
07:10 EDTGOOGU.K. to question Amazon over income tax, Reuters reports
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06:50 EDTVZVerizon initiated with an Overweight at Barclays
Target $59.
06:36 EDTGOOGGoogle to add new apps to Google Glass, NY Times says
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06:35 EDTCSCOStocks with implied volatility below IV index mean; CSCO MBI
Stocks with implied volatility below IV index mean; Cisco (CSCO), MBIA (MBI) according to IVolatility.
May 16, 2013
18:56 EDTBRCDOn The Fly: After Hours Movers
UP AFTER EARNINGS: SINA (SINA), up 4.2%. ALSO HIGHER: Kansas City Southern (KSU), up 1.6% after it was announced the company would replace Dean Foods (DF) in the S&P 500 on May 23. DOWN AFTER EARNINGS: Autodesk (ADSK), down 6.5% after earnings, guiding its second quarter below expectations... Aruba Networks (ARUN), down 17.1% after earnings, guiding its fourth quarter below expectations... Nordstrom (JWN), down 3.5%... J.C. Penney (JCP), down 1.7%... Brocade (BRCD), down 2.4% after earnings, guiding its third quarter below expectations.
18:42 EDTGOOGGoogle sent letter by Congress over Glass privacy issues, WSJ reports
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16:29 EDTCSCOOn The Fly: Closing Wrap
Stocks on Wall Street were lower following some disappointing economic data and a hint from a regional Fed president that the central bank may taper its easing program in the coming months. The averages traded in a narrow range for much of the session before moving lower in the final hour of trading. Comments by San Francisco Fed president John Williams late in the afternoon, suggesting that the central bank may begin slowing its bond buying pace by the summer, may have spurred the late session selling. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares added $2.66, or 12.54%, to $23.87 to lead the blue chip index after the company's results beat expectations on the top and bottom lines. Wal-Mart fell $1.36, or 1.7%, to $78.50 after its first quarter earnings sand second quarter outlook missed the consensus forecast... Tesla Motors (TSLA) last night announced a stock and debt offering of more than $800M, with CEO Elon Musk announcing his intent to buy $100M of the offering, and shares of the electric car maker added $7.36, or 8.67%, to $92.20. MAJOR MOVERS: Among notable gainers was Aegerion (AEGR), up $14.73, or 31.37%, to $61.70 after the company said its Juxtapid treatment may have a $1B global market opportunity and at least two analyst firms raised their price targets on its shares. Also higher was Constellation Brands (STZ), up $1.52, or 3.03%, to $51.76 after the stock was upgraded at Stifel and ISI Group. Among noteworthy losers following analyst downgrades were AMD (AMD), which fell 55c, or 12.56%, to $3.83 after Goldman downgraded the stock to Sell, and CSC (CSC), which slid $2.12, or 4.74%, to $42.59 after being cut to Hold at Deutsche Bank. Also lower following its quarterly report was NetQin Mobile (NQ), down 72c, or 7.5%, to $8.88. INDICES: The Dow was down 42.47, or 0.28%, to 15,233.22; the Nasdaq was down 6.38, or 0.18%, to 3,465.24; and the S&P 500 was down 8.31, or 0.50%, to 1,650.47.
16:15 EDTBRCDBrocade sees Q3 EPS 11c-13c, consensus 15c
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16:08 EDTBRCDBrocade reports Q2 EPS 17c, consensus 15c
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15:14 EDTBRCDNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Dell (DELL), consensus 35c; Applied Materials (AMAT), consensus 13c; Nordstrom (JWN), consensus 76c; Autodesk (ADSK), consensus 45c; J. C. Penney (JCP), consensus (86c); SINA (SINA), consensus (3c); ViaSat (VSAT), consensus 2c; Brocade Communications (BRCD), consensus 15c; Aruba Networks (ARUN), consensus 15c.
14:01 EDTCSCO, GOOGOptions Update; May 16, 2013
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13:40 EDTINTCIntel CFO Smith says staying with the company, CNBC reports
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13:09 EDTVMWVMware to host a webcast
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13:05 EDTGOOGSpending on Apple, Android video games jumped in Q1, AllThingsD says
In the first quarter spending on video games for Apple (AAPL) and Android devices increased significantly versus the previous quarter, while spending on video games for traditional handheld consoles fell meaningfully, research firms IDC and App Annie found, according to AllThingsD. Consumers spent three times more on games for smartphones and tablets than on games for traditional handheld consoles last quarter, the website stated. Reference Link
12:24 EDTCSCOOn The Fly: Midday Wrap
The S&P 500 was virtually unchanged at midday following a deluge of domestic economic data this morning. The S&P began the session in negative territory, but only moderately lower, after investors received a host of data prior to the open, including reports on jobless claims, consumer prices, and housing starts. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares advanced 12% to lead the blue chip index after the company's results beat expectations on the top and bottom lines and prompted price target increases at several analyst firms. Wal-Mart, in contrast, lagged all Dow names, sliding 2% after its earnings for the just ended quarter and its view of the current quarter missed the consensus forecast... After the closing bell, Tesla Motors (TSLA) said it intends to raise about $830M by offering 2.7M common shares and $450M in convertible senior notes. CEO Elon Musk will buy $100M worth of the stock and debt, the company said, and its recently high-flying shares rose another 6%. MAJOR MOVERS: Among the notable gainers rising following Cisco's better than expected results and commentary were Ciena (CIEN), which rose 8%, and Cavium (CAVM), which advanced 4%. Also higher were shares of NetApp (NTAP), which gained over 6% after Bloomberg said activist investor Elliott Management has taken a stake in the company and is pushing its board to explore ways to boost shareholder value. Among the noteworthy losers were Oncothyreon (ONTY), which fell 20%, and Biomarin (BMRN), down 5%, after both pharmaceutical companies, among a number of others, published data to be presented at ASCO, an annual meeting of oncologists. Also lower was AMD (AMD), which declined 14% following a downgrade to Sell at Goldman Sachs. INDICES: Near noon, the Dow was up 12.47, or 0.08%, to 15,288.16; the Nasdaq was up 8.74, or 0.25%, to 3,480.36; and the S&P 500 was nearly flat at 1,658.80.
10:44 EDTCSCOCisco results give boost to semiconductor names
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10:25 EDTGOOGMicrosoft discussing 'glasses' tech with Vuzix, NY Post says
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09:48 EDTCSCOCisco gaps up and spikes higher in early trading following results
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09:36 EDTGOOG, CSCOActive equity option families trading on open
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09:19 EDTCSCOOn The Fly: Pre-market Movers
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09:04 EDTCSCOCisco results positive for semiconductors space, says Brean Capital
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09:00 EDTCSCOCisco rises 12.9%
Cisco is up 12.9%, or $2.73, to $23.94
08:18 EDTCSCOCisco price target raised to $28 from $25 at Goldman
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08:14 EDTCSCOCisco price target raised to $27 from $25 at FBN Securities
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08:14 EDTCSCOBofA/Merrill's tech analysts hold an analyst/industry conference call
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08:13 EDTCSCOCisco shares should rise further, says Sterne Agee
Sterne Agee believes that Cisco outlined a more upbeat outlook after the company reported Q3 results that the firm views as strong and provided in-line Q4 EPS guidance. The firm keeps a Buy rating on the stock.
07:36 EDTGOOGGoogle price target raised to $1,025 from $830 at RW Baird
RW Baird raised its price target for Google shares to $1,025 following the company's I/O conference and keeps an Outperform rating on the name. Baird thinks Chrome continues to gain momentum and that yesterday's event highlighted Google's technology advantages. Shares of Google closed yesterday up $28.79 to $915.89, and are indicated up another $5.66 in pre-market trading.
07:15 EDTCSCOCisco execution, environment improving, says RBC Capital
After Cisco reported stronger than expected Q3 results, RBC Capital believes that the company's business has rebounded. The firm thinks the company's Q4 guidance was better than feared, and it keeps an Outperform rating on the stock.
07:10 EDTGOOGGoogle to help with supercomputing project, WSJ reports
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07:07 EDTCSCOCisco results positive for communications semi space, says William Blair
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07:02 EDTGOOGYouTube demands that Microsoft pull YouTube app, The Verge reports
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06:23 EDTCSCOCisco price target raised to $26 from $24 at Wunderlich
Wunderlich raised its price target for Cisco following the company's better than expected Q3 results and continues to recommend the stock with a Buy rating.
06:08 EDTGOOGOn the Fly: Periodicals Wrap-Up
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05:59 EDTINTC, GOOGHigh tech firms involved in immigration battle, WSJ reports
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May 15, 2013
19:34 EDTCSCOOn The Fly: After Hours Movers
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17:15 EDTCSCOCisco up $1.82, or 8.58%, to $23.03 as Q3 conference call continues
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17:09 EDTGOOGGreenlight gives quarterly update on stakes
NEW STAKES: Oil States International (OIS), Hess (HES), Spirit (SPR), IAC/InterActiveCorp (IACI), and Capital Bank (CBF). INCREASED STAKES: Apple (AAPL). DECREASED STAKES: Microsoft (MSFT), Seagate (STX), Delphi (DLPH), CBS (CBS), and Computer Sciences (CSC). LIQUIDATED STAKES: Ensco (ESV), Xerox (XRX), Yahoo (YHOO), NVR (NVR), and Google (GOOG).
17:03 EDTRHT, VMW, GOOG, BRCDSoros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF).
16:58 EDTCSCOCisco sees Q4 non-GAAP gross margins to be approximately 61%-62%
16:55 EDTCSCOCisco continues to see company specific challenges in China
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16:54 EDTCSCOCisco sees Q4 EPS 50c-52c, consensus 51c
Sees Q4 revenue growth 4%-7% YoY, consensus $12.5B. Guidance taken from company's Q3 earnings conference call.
16:51 EDTCSCOCisco says Q3 public sector business grew 5%
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16:46 EDTCSCOCisco sees SP CapEx spending continuing to be challenged
This information is from the company's Q3 earnings conference call.
16:42 EDTCSCOCisco reports Q3 total non-GAAP gross margin 63% vs.63.1%
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16:41 EDTCSCOCisco Q3 services revenue grew 7%
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16:24 EDTGOOGOn The Fly: Closing Wrap
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16:09 EDTCSCOCisco Q3 cash flows from operations $3.1B vs. $3B a year ago
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16:09 EDTCSCOCisco trades higher after results, first look
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16:08 EDTGOOGGoogle sites lead U.S. April searches with 66.5% of searches, comScore says
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16:06 EDTCSCOCisco reports Q3 EPS 51c, consensus 49c
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16:02 EDTGOOGOptions Update; May 15, 2013
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15:11 EDTCSCONotable companies reporting after market close
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14:27 EDTGOOGGoogle unveils redesigned Maps for mobile
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13:01 EDTGOOGGoogle says Chrome browser now has over 750M users
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12:59 EDTGOOGGoogle confirms plan to sell Samsung Galaxy S4 in Google Play store
Says GS4 will be available on AT&T (T) and T-Mobile (TMUS) networks.
12:53 EDTGOOGGoogle says All Access music service available for $9.99 per month
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12:49 EDTGOOGGoogle announces subscription streaming music service
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12:47 EDTCSCOEarnings Preview: Cisco shares moving in narrow range ahead of Q3 report
Cisco (CSCO) is set to report Q3 earnings after the market closes on Wednesday, May 15, with a conference call scheduled for 4:30 pm ET. Cisco manufactures and sells IP-based networking products and services. EXPECTATIONS: Analysts are looking for EPS of 49c on revenue of $12.18B, according to First Call. The consensus range for EPS is 47c-51c on revenue of $12.05B-$12.29B. On its Q2 earnings conference call, the company said it sees Q3 adjusted EPS 48c-50c on revenue growth of 4%-6% year-over-year. The company also said it sees Q3 adjusted gross margin approximately 61%-62%, and non-GAAP operating margin of 26.5%-27.5%. LAST QUARTER: Cisco reported Q2 EPS of 51c against estimates for 48c on revenue of $12.1B against estimates for $12.06B. In mid-March, Cisco was found not to have infringed patents held by VirnetX (VHC), and on March 22, Bloomberg reported that Cisco was ordered to pay $70M in fraud damages to XpertUniverse. On March 28, the company announced a 3c increase in its dividend to 17c per share. On April 3, Cisco announced its intent to acquire Ubiquisy, a provider of 3G and LTE small-cell technologies, for $310M, and the transaction is expected to close in Q4. STREET RESEARCH: Street research has been mixed on Cisco, with shares of the company losing more than 3% on March 21 following a downgrade to Underperform from Market Perform at FBR Capital. With its March 21 downgrade, FBR cut its price target on shares of Cisco to $17 from $22, saying the company would be challenged to offset declining routing and switching demand. Earlier this week, however, FBR reversed its March call, upgrading Cisco to Market Perform from Underperform and bumping its price target to $19. Earlier this week, Piper Jaffray said it expects Cisco to report Q3 EPS in-line with estimates, though the firm lowered its revenue estimates for the company. In its note, Piper said macro headwinds will offset favorable data center and switching demand, leaving Cisco with a mixed Q3 report, though the firm reiterated its Overweight rating and $25 price target on shares. Coverage on Cisco shares was also initiated by at least two firms during the quarter, with Cowen initiating coverage with an Outperform rating earlier this month and Northland Securities initiating coverage on Cisco with an Outperform rating and a $25.50 price target the day after Cisco's Q2 report. PRICE ACTION: Shares of Cisco have traded in a narrow range between $20-$22 per share since its Q2 report, gaining a scant 0.4%. Shares of Cisco, which are up about 8% year-to-date, are near flat in afternoon trading ahead of its Q3 report.
12:26 EDTGOOGGoogle announces Google Play Game Services
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12:13 EDTGOOGGoogle says 900M Android devices now activated worldwide
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10:14 EDTRHTRed Hat calls active on renewed takeover chatter
Red Hat May and June 55 calls are active on total call volume of 5,300 contracts (58 puts). May call option implied volatility is at 41, June is at 34, September is at 30; compared to its 26-week average of 34 according to Track Data. Active call volume suggests traders taking positions for large movement following renewed takeover chatter.
10:06 EDTRHTRumor: Red Hat moves up on renewed takeover chatter
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10:02 EDTGOOGGoogle breaks out above round-number resistance at $900
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10:01 EDTGOOGGoogle volatility decreases as shares rally to record into Google I/O
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09:43 EDTGOOGActive equity option families trading on open
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09:19 EDTGOOGOn The Fly: Pre-market Movers
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08:33 EDTCSCOCisco May volatility elevated into Q3 and outlook
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08:33 EDTGOOGGoogle to announce "pure" Android version of Galaxy S4, Geek.com says
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08:19 EDTGOOGSamsung shipped 6M Galaxy S4 devices through May 10, androidcentral says
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07:39 EDTGOOGGoogle to host a conference
Google I/O 2013 is being held in San Francisco on May 15-17.
07:26 EDTGOOGGoogle price target raised to $996 from $932 at Morgan Stanley
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07:21 EDTGOOGPandora down 4% to $16.10 after reports of Google music service
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06:52 EDTGOOGGoogle won't connect YouTube, Google Play music offerings, AllThingsD says
Google is expected to launch music subscription services on both YouTube and Google Play, but won't connect the two services, unnamed music industry sources stated, according to AllThingsD.As a result, YouTube's free music won't help sell subscriptions to Google Play's service, the website stated. Reference Link
May 14, 2013
18:39 EDTGOOGGoogle to launch Spotify-like music service, WSJ reports
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17:50 EDTGOOGGoogle to launch Spotify-style streaming music service, DJ reports
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17:48 EDTQCOMLone Pine gives quarterly update on stakes
NEW STAKES: Valeant Pharmaceuticals (VRX), Virgin Media (VMED), Thermo Fisher Scientific (TMO), CME Group (CME), and Liberty Media (LMCA). INCREASED STAKES: Mead Johnson Nutrition (MJN), News Corp (NWSA), Intuitive Surgical (ISRG), Monsanto (MON), and Qualcomm (QCOM). DECREASED STAKES: Cognizant Technology Solutions (CTSH), Equinix (EQIX), Ralph Lauren (RL), Disney (DIS), and Oceaneering International (OII). LIQUIDATED STAKES: Facebook (FB), Crown Castle (CCI), Accretive Health (AH), Informatica (INFA), and NetEase (NTES).
13:54 EDTGOOGGoogle CEO Page discloses left vocal chord paralysis
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11:54 EDTVZVerizon CFO says 'very comfortable' with cash position, ability to pay dividend
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11:49 EDTVZVerizon CFO declines to comment on potential to purchase Vodafone JV stake
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11:12 EDTGOOGBlackBerry plans to bring BBM to iOS, Android this summer
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11:01 EDTGOOGBlackBerry says bringing BBM platform to iOS, Android
Says BBM on Google's (GOOG) Android and Apple's (AAPL) iOS to start with messaging, other BBM features to follow. Comment from CEO Thorsten Heins speaking at BlackBerry Live event.
09:54 EDTGOOGSynacor to present Cloud ID with Google+
Synacor (SYNC) announced it will demo Cloud ID Social Login with Google+ and advanced TV Everywhere technologies in the Developer Sandbox at Google I/O, May 15-17.
09:25 EDTGOOGGoogle to expand Fiber service to Gladstone, Missouri
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08:57 EDTFIRESourceFire management to meet with UBS
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07:32 EDTGOOGGoogle ordered to change search hints by German court, AP reports
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06:52 EDTGOOGGoogle likely to focus on new Android services at conference, AllThingsD says
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May 13, 2013
16:48 EDTVZVerizon Wireless to make $7B payment to Verizon, Vodafone
Verizon (VZ) disclosed in a regulatory filing that on May 9, the board of representatives of Verizon Wireless declared distributions to its owners in the aggregate amount of $7B, payable on June 25 in proportion to their respective partnership interests on the date of such distribution. Based on current ownership interests in Verizon Wireless, Verizon will receive cash payments aggregating $3.85B and Vodafone (VOD) will receive cash payments aggregating $3.15B.
13:21 EDTGOOGGoogle unifies storage limit, says 15 GB available free across services
Google announced earlier in a blog post that its users will now get 15 GB of unified storage for free to use between Drive, Gmail, and Google+ Photos. The changes to Google Drive storage will roll out over the next couple of weeks and Google Apps users will also be getting shared storage, the company said. Reference Link
10:09 EDTCSCOOn The Fly: Analyst Upgrade Summary
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08:29 EDTFIRESourceFire management to meet with UBS
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08:19 EDTRHTRed Hat becoming innovator, says Wells Fargo
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08:14 EDTGOOGGoogle volatility at low end of range as shares near record high into Google I/O
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07:49 EDTGOOGGoogle price target raised to $950 from $875 at BofA/Merrill
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07:34 EDTCSCOCisco upgraded to Market Perform from Underperform at FBR Capital
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07:31 EDTCSCOBrightcover to host a conference
3rd Annual Brightcove PLAY Global Customer Conference is being held in Boston on May 13-15.
07:30 EDTINTCTechConnect to host a summit
2013 National Innovation Summit is being held in Washington, D.C. on May 12-16.
07:29 EDTVZSkillsoft to host a conference
2013 Global Skillsoft Perspectives Learning Industry Conference is being held in Orlando, Florida on May 13-16.
07:09 EDTCSCOCisco finds difficulties as it diversifies, WSJ reports
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07:04 EDTCSCOCisco May volatility elevated at 59 into Q3 and outlook
Cisco May call option implied volatility is at 59, June is at 28, July is at 25; compared to its 26-week average of 26 according to Track Data, suggesting larger near term price movement into the expected release of Q3 results after the market close on May 15.
07:02 EDTCSCOCisco Q3 results likely to be mixed, says Piper Jaffray
Piper Jaffray expects Cisco to report in-line Q3 earnings and margins on May 15, but lowered its revenue estimate for the quarter as it believes demand in April was challenging. However, the firm sees limited share downside from current levels and reiterates an Overweight rating on the stock with a $25 price target.
06:40 EDTGOOG Facebook Home not very popular so far, AllThingsD says
Less than 1M people have downloaded Facebook's (FB) new Android app, Facebook Home, since the app was released about a month ago, AllThingsD reported Friday afternoon, citing statements by the social network. As far as popularity is concerned, the app is "not exactly a home run," AllThingsD stated. On the other hand, it is only currently available for five devices that use Google's (GOOG) Android operating system, the website added. Reference Link
06:05 EDTCSCOOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: U.S. companies are on track to raise the most money through IPOs since before the financial crisis, driven by the same thirst for risk among investors that has pushed the stock market to new highs. Already this year, 64 U.S.-listed public offerings have raised $16.8B, according to Dealogic, the Wall Street Journal reports...Cisco Systems (CSCO) shares fell this time last year after executives warned their biggest corporate customers were ordering less equipment. If history repeats itself this week, the networking giant will join a dreary but growing club (IBM, JNPR), the Wall Street Journal reports...REUTERS: Japan's Nikkei share average surged to a new 5-1/2-year high today as the weakening yen further bolstered exporters, while brokerage shares attracted buyers who see growing volume bringing in much more fee income, Reuters reports...China's factory output growth was surprisingly muted in April, darkening the outlook for the Chinese economic recovery and feeding expectations that the government may take policy action to support activity. Annual industrial output grew 9.3%, up from 8.9% in March but still missing market expectations for a 9.5%, Reuters reports...BLOOMBERG: Wall Street’s major bond dealers are beginning to forecast that the Treasury Department will lower the size of its debt auctions in coming months for the first time in three years as government revenue soars, Bloomberg reports...The largest overseas bet on Indian consumers is spurring speculation that companies from Nestle (NSRGY) to Colgate-Palmolive (CL) will pursue more deals in a nation where household income is forecast to triple this decade, Bloomberg reports.
May 12, 2013
15:18 EDTGOOGGoogle+ struggles to win over brands, Reuters says
Two years after introducing Google+ the search giant is struggling to win over the brands and businesses that are its best customers in the Internet search market, Reuters says. Reference Link
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