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Stock Market & Financial Investment News

News For VZ;VOD;AAPL From The Last 14 Days
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February 9, 2016
15:02 EDTAAPLEarnings Watch: Akamai to report as client losses, Google competition looms
Akamai (AKAM) is expected to report fourth quarter earnings after the close on Tuesday, February 9, with a conference call scheduled for 4:30 pm ET. Akamai is a provider of cloud computing services and content delivery networks. EXPECTATIONS: Analysts are looking for earnings per share of 62c on revenue of $568.72M. EPS consensus ranges 58c-64c on a revenue range of $559.0M-$576.23M, according to First Call. During the company's last earnings conference call, Akamai forecast Q4 EPS of 60c-64c on revenue of $557M-$577M, and also noted expectations for declining revenue from its large media clients. LAST QUARTER: On October 27, Akamai reported third quarter EPS of 62c against expectations for 58c, and revenue of $551M versus estimates of $550.29M. NEWS: On November 2, Akamai announced the acquisition of cybersecurity firm Bloxx, which it said would enhance its cloud security offerings. On November 19, the company announced a collaboration with Google (GOOG, GOOGL) to reduce hosting and traffic costs for Akamai customers who also use Google's cloud platform. In early December, Google quietly began rolling out its own cloud content delivery network. STREET RESEARCH: Akamai saw no less than five analyst downgrades following its last earnings report, with JPMorgan, Canaccord, Cowen, Craig-Hallum, and FBR all negative on the company in the wake of its disappointing guidance and lower traffic growth from its three largest customers. On November 20, Goldman Sachs downgraded Akamai to Sell and lowered its price target to $52 from $62, with the research firm highlighting reduced orders from large clients as well as an industry focus on cutting download sizes. On November 24, JMP Securities said its checks with content delivery network experts revealed that "very few" of Akamai's clients other than its largest customers can build their own CDN systems. The firm reiterated its Outperform rating and $85 target on the shares, saying Akamai is well-positioned for the growing opportunity in over-the-top streaming and the convergence of cloud security and CDN. On December 9, JPMorgan said Apple's (AAPL) suspension of its TV streaming plans removes a catalyst for Akamai's media business recovery, leading the research firm to struggle to see a near-term driver of sustainable volume improvement. Following reports of Google planning its own content delivery network, JPMorgan and Craig-Hallum cut their outlooks on Akamai on December 14, saying the news could mark a first step toward Google competing for some of Akamai's business. PRICE ACTION: Shares of Akamai have slipped 2.4% to $40.00 ahead of Tuesday's results.
10:21 EDTAAPLRising competition may weigh on PayPal margins, analyst says
Research firm Piper Jaffray warned that PayPal continues to face increased competition, which may weigh on its results. Meanwhile, the company announced a change in its Chief Technology Officer. PIPER STICKS WITH SELL RATING: Other leading digital payment systems are becoming more competitive with PayPal's offering, according to well-known Piper Jaffray analyst Gene Munster. More financial and technology competitors - including Visa (V), MasrterCard (MA), Google (GOOG,GOOGL), Samsung and Apple (AAPL) - are offering "similar functionality" to PayPal, Munster believes. Moreover, Apple and and Samsung will begin accepting mobile Web payments in 2016, intruding on PayPal's core competency, and Facebook (FB) is looking to partner with multiple players in the space, Munster noted. The credit card networks are poised to launch online checkout systems, further increasing PayPal's competition, Munster warned. In the face of all this competition, PayPal's appeal to its customers is questionable, according to the analyst, who kept a $33 price target and Underweight rating on the shares. WHAT'S NOTABLE: PayPal announced that its CTO, James Barrese, would resign "to take time off." Barrese will be replaced, effective April 1, by Sri Shivananda, who led eBay's (EBAY) Global Platform and Infrastructure team, PayPal reported. Shivananda's team has worked closely with PayPal, the company noted. PRICE ACTION: In early trading, PayPal slipped about 1% to $33.30.
09:34 EDTAAPLActive equity options trading on open
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07:20 EDTAAPLApple Swift benchmark suite now open source
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07:08 EDTAAPLStar Alliance partners Lufthansa, Swiss sign EFB deals with Global Eagle
Global Eagle Entertainment (ENT) announced that Star Alliance partners Lufthansa Airlines (DLAKY) and Swiss International Air Lines selected GEE Navaero electronic flight bag solutions, affirming GEE's leading position in cockpit data integration and EFB mounting systems for Apple (AAPL) iPad and Microsoft (MSFT) Surface devices. Lufthansa, Europe's largest airline and a new GEE Navaero customer, will equip at least 31 new Airbus A320 aircraft with GEE's new power data interface, smart docking stations, and other interfaces for Microsoft Surface tablets that put mission-critical flight data at the fingertips of pilots and ground crews. The GEE Navaero solution meets Lufthansa's requirement for a full gigabit Ethernet data connection aboard its new aircraft. Swiss will utilize GEE Navaero EFB mounts and data integration solutions across more than 70 Airbus (EADSY) short- and long-haul aircraft as it deploys Apple iPads for mission-critical applications and transitions to a fully paperless cockpit. GEE will also provide certification, deployment and support services.
06:34 EDTAAPLPiper's Munster sees mixed reality headset replacing iPhone in 15 years
Recent acquisitions and hires by Apple (AAPL) make it clear the company is working on mixed reality, Piper Jaffray analyst Gene Munster tells investors in a research note. As a starting point, Apple will add virtual reality to the iPhone in the next two years, which should make it easier for third parties to build headsets powered by the device, similar to Samsung's (SSNLF) Gear VR today, Munster writes. He believes Mixed Reality will be a "new computing paradigm" in 10-plus years, allowing the digital world to be "woven into the real world through wearables." The analyst expects Apple to release a mixed reality headset with a 15-plus year goal of replacing the iPhone. Munster has an Overweight rating on Apple with a $172 price target. The iPhone maker closed yesterday up 99c to $95.01.
06:23 EDTVZNFL seeks to up Verizon's $1B streaming agreement, NY Post reports
The NFL is shopping its Thursday Night Football streaming package rights in an effort to get Verizon to up its $1B existing mobile-phone rights deal, the New York Post reports. Verizon intends to renew its phone rights to NFL games on Sunday, Monday, and Thursday and acquire wider streaming rights beyond what it already has, the report says, citing sources. The NFL is trying to tie Thursday's streaming rights to an extension of Verizon's NFL sponsorship, the report says, citing a source close to the talks. Reference Link
05:55 EDTAAPLPiper's Munster sees PayPal product differentiation being reduced
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05:18 EDTAAPLApple implied volatility of 30 at lower end of index mean range
February 8, 2016
17:00 EDTVZ, AAPLNFL shopping streaming rights for Thursday Night Football, Bloomberg says
The NFL is shopping the web streaming rights for Thursday Night Football and has held talks with Apple (AAPL), Amazon (AMZN), Yahoo (YHOO), Facebook (FB), Verizon (VZ) and AT&T (T), reports Bloomberg, citing sources. Though some of the companies rejected the high price asked by the league, Yahoo, Verizon, and AT&T are expected to bid, the sources told Bloomberg. The NFL is not pursuing a longterm relationship, and will instead use the next several years to explore various distribution models in preparation for selling a broader array of digital rights near 2021, the report said. Reference Link
16:00 EDTAAPLOptions Update; February 8, 2016
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14:18 EDTVZAOL's Armstrong asked to help explore possible Yahoo bid, Bloomberg reports
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13:45 EDTVZVerizon asks Armstrong to lead exploration of possible Yahoo bid, Bloomberg says
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09:36 EDTAAPLActive equity options trading on open
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06:53 EDTAAPLApple quietly begins selling VR headset online, Business Insider reports
Apple has quietly starting selling its View-Master virtual reality headset, having added the headset to its online store, Business Insider reported Friday. Shoppers can purchase a starter pack for the device on the online store for $30, though its not available at Apple's physical stores, the report says. Reference Link
06:49 EDTVZVerizon CEO says company interested in acquiring Yahoo, CNBC reports
Verizon (VZ) chairman and CEO Lowell McAdam said that the company is mulling a bid to acquire yahoo (YHOO), CNBC reported Friday, citing McAdam's comments on Jim Cramer's "Mad Money." "We have to understand the trends," McAdam told Cramer when asked if Verizon had interest in adding Yahoo to its three-tier strategy. "But then at the right price, I think marrying up some of their assets with AOL and the leadership would be good." Reference Link
05:23 EDTAAPLApple implied volatility of 30 at lower end of index mean range
February 7, 2016
16:38 EDTVZVerizon makes Go90 data free, responds to net neutrality criticism, Re/code says
Verizon has exempted its Go90 video platform from counting against data caps for Verizon subscribers, reports Re/code. In response to questions of whether the policy violates net neutrality principles, a company spokesperson told the publication, "Go90 has decided to take advantage of Verizon's FreeBee Data 360 service... an open, non-exclusive service available to other content providers on a non-discriminatory basis. Any interested content provider can use FreeBee Data 360 to expand their audiences." Reference Link
15:06 EDTAAPLApple on course to receive approval for Indian stores, Bloomberg says
Apple is on course to receive approval to open its first retail locations in India, reports Bloomberg, citing a source. The company is resubmitting its request due to a format error, but the Indian government plans to push through the iPhone giant's application, the report said. Apple should qualify for an exemption from a rule that would otherwise require it to source 30% of a product's inputs locally, the source told Bloomberg. Reference Link
13:21 EDTAAPLUnder Armour, Sony could be interested in GoPro, Barron's says
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