New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 22, 2014
05:36 EDTYHOO, CSCO, TCEOs voice concerns over NSA, WSJ reports
In Davos, Switzerland, Yahoo (YHOO) CEO Marissa Mayer said she wants the Obama administration to provide greater transparency on the data collected by the National Security Agency, reports the Wall Street Journal. Cisco (CSCO) CEO John Chambers thinks governments need to develop a common set of rules on privacy. And, AT&T (T) CEO Randall Stephenson wants customers to have the final word on their privacy. Reference Link
News For YHOO;CSCO;T From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
October 21, 2014
16:09 EDTYHOOYahoo reports Q3 GAAP search revenue up 4% to $452M
Subscribe for More Information
16:07 EDTYHOOYahoo reports Q3 GAAP display revenue down 5% to $447M
Subscribe for More Information
16:06 EDTYHOOYahoo reports Q3 EPS 52c, consensus 30c
Reports Q3 revenue ex-TAC $1.09B, consensus $1.04B.
15:30 EDTYHOONotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Yahoo! (YHOO), consensus 30c; ACE (ACE), consensus $2.34; Discover Financial (DFS), consensus $1.34; Pinnacle Financial (PNFP), consensus 51c; Broadcom (BRCM), consensus 84c; Intuitive Surgical (ISRG), consensus $3.80; FMC Technologies (FTI), consensus 74c; Robert Half International (RHI), consensus 58c; E-Trade (ETFC), consensus 22c; Nabors Industries (NBR), consensus 36c; Waste Connections (WCN), consensus 54c; Cubist Pharmaceuticals (CBST), consensus 4c; Sonic (SONC), consensus 34c; American Campus Communities (ACC), consensus 43c; Cree (CREE), consensus 36c; Fulton Financial (FULT), consensus 20c; Costamare (CMRE), consensus 41c; Hawaiian Holdings (HA), consensus 78c; Ethan Allen (ETH), consensus 36c; Sabra Health (SBRA), consensus 55c; Rush Enterprises (RUSHA), consensus 51c.
14:34 EDTCSCOEarnings Preview: EMC reports after HPQ merger talks said to end
EMC Corporation (EMC) is expected to report third quarter earnings before the bell on Wednesday, October 22, with a conference call scheduled for 8:30 am ET. EMC provides software, hardware and IT services to business customers through its three federated businesses: EMC Information Infrastructure, Pivotal and VMware Virtual Infrastructure, which is represented by EMCís majority equity stake in VMware (VMW). VMware is expected to report on its own third quarter results after the bell on Tuesday, October 21, with a conference call scheduled for 5:00 pm ET. EXPECTATIONS: For EMC, analysts are looking for earnings per share of 46c on revenue of $6.0B. The consensus range is 44c-49c for EPS and $5.91B-$6.16B for revenue, according to First Call. Along with its last earnings report, EMC raised its FY14 adjusted EPS view to $1.91 from $1.90 and guided to FY14 revenues of $24.58B. Analysts consensus for FY14 EPS and revenue currently stand at $1.91 and $24.55B. For VMware, analysts are looking for earnings per share of 83c on revenue of $1.5B. The consensus range is 81c-85c for EPS and $1.48B-$1.52B for revenue, according to First Call. LAST QUARTER: EMC reported Q2 adjusted EPS of 43c, which matched the consensus expectation. EMC's revenue of $5.9B came in slightly ahead of the $5.83B consensus projection. EMC also accelerated its 2014 share buyback plan, stating that it now expects to repurchase an aggregate of $3B of the company's common stock in 2014. VMware reported Q2 EPS of 81c, versus consensus of 79c, on revenue $1.46B, versus consensus of $1.44B. NEWS: VMware held its "VMWorld 2014" conference from August 24-28, during which the company updated its 2015 guidance. VMware's guidance for revenue growth in the mid teens percentage level and margin expansion of up to one percentage point is positive, RBC Capital analyst Matthew Hedberg wrote in a note to investors on August 26. The same day Cowen analyst Gregg Moskowitz wrote that VMware's FY15 revenue guidance would "likely weigh modestly" on the stock, even though he was not surprised by the outlook. Less than two weeks ago, Elliott Management sent a letter to the board of directors of EMC Corporation detailing its recommendations on the right path forward for EMC, in which Elliott holds a stake. Elliott believes that EMCís Federation structure obscures enormous value at the company and that the board and management should pursue pathways to recognize this value, including a separation of VMware from Core EMC and/or various M&A opportunities, Elliott wrote. In response, EMC said its directors regularly review and evaluate the company's strategy with a view towards enhancing shareholder value. "Over the past few months, EMC's leadership has met with representatives of Elliott several times and has listened carefully to their ideas, as we do with all of our shareholders," the company said. Last week, HP (HPQ) announced the resumption of its share repurchase program after Reuters reported the company's merger talks with EMC had ended. HP had suspended the buyback program due to "possession of material non-public information." The tech giant said that day that it is "no longer in possession of such information." During September, Re/code reported, citing sources familiar with Oracle's plans, that the company was not interested in acquiring EMC. Meanwhile, Cisco (CSCO) CEO John Chambers also said last month at a Wall Street Journal breakfast that his company is not among the potential merger partners for EMC. Chambers said a deal between the two companies would have been done a "year or two ago" were it to happen, according to Reuters. STREET RESEARCH: On the day after its last earnings report, Brean Capital raised its price target on EMC to $33 from $30, citing the company's aggressive capital return strategy, encouraging core Storage dynamics and potential pent up demand. Tigress Financial, however, downgraded EMC to Buy from Strong Buy, citing valuation. Additionally, VMware estimated that its total available market would reach more than $60B in 2017, versus its estimate last year of a $50B+ total addressable market by 2016, Moskowitz noted. PRICE ACTION: In afternoon trading, EMC shares are up 1% to $27.22, while VMware is fractionally higher at $87.79. Over the last three months, EMC shares have declined almost 4%, while VMware's stock is down about 5.5% in that same time frame.
13:27 EDTYHOOEarnings Preview: Yahoo expected to unveil turnaround plan with Q3 results
Yahoo (YHOO) is expected to report third quarter earnings after the market close on Tuesday, October 21 with a conference call scheduled for 5:00 pm ET. Yahoo is a digital media company that provides properties and services such as Yahoo! Search and Yahoo! News. EXPECTATIONS: Analysts are looking for EPS of 30c on revenue of $1.04B. The consensus range is 18c-38c for EPS, and $1.02B-$1.06B for revenue, according to First Call. LAST QUARTER: Yahoo reported Q2 EPS 37c against estimates of 38c on revenue ex-tac of $1.04B against estimates of $1.08B. It reported Q2 price-per-ad was down 24%, Q2 Display revenue down 7% and Search revenue up 6%. The company gave Q3 revenue ex-tac guidance of $1.02B-$1.06B. After releasing its Q2 results, CEO Marissa Mayer said the company was "not satisfied" with the results, with display remaining an area of investment and transition. NEWS: In the past quarter, Alibaba (BABA) opened to the larges IPO in U.S. history. The Wall Street Journal reported that Yahoo's core business was cut in half to $6.8B after Alibaba's first day of trading. Yahoo made $5.1B in cash from the sale of shares in Alibaba's IPO and its remaining stake is valued at about $23.4B.In late September, activist investor Starboard Value urged Yahoo to explore a strategic combination with AOL (AOL), believing a merger could create synergies of up to $1B. CEO Marissa Mayer is expected to unveil her turnaround plan at the earnings call today that could include cost-cutting efforts and its M&A strategy, according to the Wall Street Journal. Yahoo also confirmed that a security breach in Q3 compromised servers, but the hack did not disclose consumer data. The company acquired several companies in past few months, including Flurry, Zofari, ClarityRay, Luminate, and Bookdpad. A WSJ reports also said the company is in talks to invest in Snapchat. STREET RESEARCH: Following the Alibaba IPO, Yahoo was downgraded at Bernstein, BofA/Merrill and RBC Capital because it was unclear whether Yahoo's stock can advance meaningfully and the company was no longer the best way to gain Alibaba exposure. RBC Capital said the risk/reward is less attractive, and it does not see a turnaround in Yahoo's core fundamentals. BGC Financial, however, upgraded the company and said the company's remaining assets should get monetized in a more tax efficient manner. PRICE ACTION: Yahoo shares have risen $4.29, or more than 12%, since the first day of trading following the company's Q2 report. In Tuesday midday trading ahead of Q3 report, Yahoo shares are trading up nearly 2%.
13:09 EDTTEarnings Preview: AT&T to benefit from strong iPhone 6 demand, Wells Fargo says
AT&T (T) is expected to report third quarter earnings after the market close on Wednesday, October 22, with a conference call scheduled for 4:30 pm ET. AT&T is a global telecommunications company offering wireless and long distance services. EXPECTATIONS: Analysts are looking for earnings per share of 64c on revenue of $33.24B, according to First Call. The consensus range for EPS is 59c-66c on revenue of $31.77B-$34.34B. LAST QUARTER: AT&T reported second quarter EPS of 62c against estimates for 63c on revenue of $32.6B against estimates for $33.22B. On its Q2 earnings report, the company forecast FY14 EPS growth at the low end of a mid-single digit range, compared to consensus of $2.62. It sees: FY14 consolidated revenue growth in the 5% range, versus consensus $133.93B; FY14 free cash flow in the $11B range; FY14 capital expenditures remaining in the $21B range. In Q2, AT&T reported the following: total branded smartphone net adds, both postpaid and prepaid, of 576,000; total branded tablet net adds of 250,000; 366,000 postpaid tablet net adds; postpaid churn of 0.86%. On September 25, DirecTV (DTV) stockholders voted overwhelmingly to approve DIRECTVís proposed merger with AT&T. STREET RESEARCH: Street research has been light in the weeks leading up to AT&T's Q3 earnings report. On September 15, Wells Fargo said AT&T should particularly benefit from strong Apple (AAPL) iPhone 6 demand. After Apple reported that over 4M iPhone 6 units were pre-ordered in the first 24 hours of eligibility, Wells Fargo said that it believed strong demand for the phones will be positive for all of the wireless carriers, but particularly for AT&T because of its strategic decision to focus on its early upgrade "Next!" program. The firm maintained its Outperform rating on AT&T. PRICE ACTION: AT&Tís shares have fallen approximately 4% since the company's Q2 report, but they did manage to make a 52-week high of $37.48 in late July. In afternoon trading ahead of tomorrowís Q3 report, AT&Tís shares are up 0.5%.
13:08 EDTYHOOYahoo October weekly 40 straddle priced for 5.5% move into Q3
Subscribe for More Information
13:05 EDTYHOOYahoo technical notes before earnings
Subscribe for More Information
12:50 EDTYHOOGoing private among potential scenarios seen for Yahoo, Re/Code's Swisher says
Sources close to Yahoo CEO Marissa Mayer said she is determined to continue to push through her vision of the company's core business as a video-heavy, mobile-focused content company, according to Re/Code's Kara Swisher, who added that the "most intriguing possibility of all" that she has heard over the last weeks is that Yahoo could seek to dispose of its Asian assets, return a large amount of the proceeds to shareholders and work with a large private equity firm to take the company private. Shares of Yahoo, which reports on its quarterly results after the closing bell, is up 1.8% to $40 per share in afternoon trading. Reference Link
06:38 EDTYHOOYahoo in talks to acquire BrightRoll, TechCrunch reports
TechCrunch has learned that Yahoo is in talks to buy cross-platform digital video advertising service BrightRoll for $700M-$725M. The company is currently facing pressure from Starboard Value to consider a breakup or a sale of the company. Reference Link
October 20, 2014
09:52 EDTYHOOArmstrong says AOL will not merge with Yahoo, VentureBeat reports
AOL CEO Tim Armstrong said "no" when asked if his company will merge with Yahoo (YHOO), VentureBeat reports, citing a fireside chat with Armstrong at the TechCrunch Disrupt in Europe. Reference Link
07:29 EDTYHOOYahoo weekly volatility increases into Q3 and capital outlook
Subscribe for More Information
07:15 EDTTAT&T weekly volatility elevated into Q3 and outlook
Subscribe for More Information
06:49 EDTYHOOTumblr, TV shows collaborate to broaden reach, NY Times says
Subscribe for More Information
06:26 EDTYHOOYahoo to unveil turnaround, M&A strategy, WSJ reports
Subscribe for More Information
October 17, 2014
13:16 EDTYHOOYahoo weekly volatility elevated into Q3 and capital utilization outlook
Subscribe for More Information
12:17 EDTYHOOMark Cuban says buying Netflix shares, sees company as M&A target
Subscribe for More Information
09:31 EDTCSCOCisco namnes Bernadette Wightman President of Cisco Cananda
Subscribe for More Information
08:06 EDTCSCOCisco, Sensity Systems announce strategic relationship
Subscribe for More Information
1 | 2 | 3 | 4 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use