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Morning Losers; NetApp Down 19%
Thursday, August 18, 2011 - 10:47am | 170International Rectifier Corporation (NYSE: IRF) -17.03% after FBR Capital lowered the company's PT to $31. NetApp (NASDAQ: NTAP) -19.01% after reporting lower than expected Q1 revenues and having its PT lowered by several analysts. Riverbed Technology, Inc. (NASDAQ: RVBD) -17.52% after Jim...
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Tyler Technologies Signs SaaS-Based ERP Contract with the City of Sanibel, Fla.
Thursday, August 18, 2011 - 9:19am | 98Tyler Technologies, Inc. (NYSE: TYL) has signed a seven-year software as a service contract with the city of Sanibel, Fla., for Tyler's Munis® enterprise resource planning solution and disaster recovery management. The agreement includes hosting services, related professional services, maintenance...
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Bank Of America Maintains Buy On SNPS
Thursday, August 18, 2011 - 8:35am | 131Bank of America, citing strong guidance looking forward, is maintaining its Buy rating and its $36 price target on Synopsys (NASDAQ: SNPS). In the report, Bank of America states, “While semi customers are aware of the macro uncertainty, the secular trends of mobility and smart devices continue to...
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Jefferies Initiates CPWR At Buy
Thursday, August 18, 2011 - 8:27am | 91Jefferies has initiated coverage on Compuware (NASDAQ: CPWR) with a Buy rating and a price target set at $11. In its report, Jefferies writes, “Compuware's growth assets will continue to have greater influence on the aggregate model and, with a more favorable mainframe renewal potlook, the company...
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Sterne Agee Coverage Initiations For 8/17
Thursday, August 18, 2011 - 8:14am | 308Sterne Agee has initiated coverage on the following companies: DST Systems - (NYSE: DST) US$47.91 - Neutral - Target: - Euronet Worldwide Inc. - (NASDAQ: EEFT) US$15.22 - Neutral - Target: - Fidelity National Information Services Inc. - (NYSE: FIS) US$28.07 - Buy - Target: US$34 Fiserv Inc. - (...
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J.P. Morgan Maintains Overweight on Synopsys
Thursday, August 18, 2011 - 7:46am | 115J.P. Morgan is out with its report today on Synopsys (NASDAQ: SNPS), maintaining Overweight. In its report, J.P. Morgan writes, "The cash flow outlook is going up for the third consecutive time this year and is even better than we originally thought on stronger bookings and better collections. We...
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News Summary for August 18, 2011
Thursday, August 18, 2011 - 7:46am | 685This is your Benzinga news summary and traders' outlook for Thursday, August 18, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower. Morgan Stanley lowered its global growth targets for both 2011...
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Deutsche Bank Reiterates PT and Rating on Salesforce.com
Thursday, August 18, 2011 - 7:46am | 111Deutsche Bank has published a research report on salesforce.com (NYSE: CRM) previewing 2Q results and reiterating the rating. In the report, Deutsche Bank wrote, "We expect salesforce.com to report rev of $528m and EPS of $0.26 vs Street at $528.6m and $0.30. Street's EPS estimates have not been...
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Jefferies Initiates NetScout Systems At Hold, $15 PT
Thursday, August 18, 2011 - 6:49am | 25Jefferies & Company has initiated coverage on NetScout Systems (NASDAQ: NTCT) with a Hold rating and $15 price target.
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Earnings Scheduled For August 18
Thursday, August 18, 2011 - 4:17am | 594Dollar Tree Inc (NASDAQ: DLTR) is projected to report its Q2 EPS at $0.75 on revenue of $1.55 billion. Sears Holdings Corporation (NASDAQ: SHLD) is estimated to post a Q2 loss at $0.46 per share on revenue of $10.13 billion. Gap Inc (The) (NYSE: GPS) is projected to report its Q2 EPS at $0.33 on...
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This Is The Real Shark Week
Wednesday, August 17, 2011 - 3:34pm | 385All day traders should know this, the week leading into options expiration is an extremely tough period to trade. This is a time when the large institutional trading desks will play a lot games with the small retail options traders. Just look at the major stock indexes this week on any intra-day...
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Pre-Market Gainers; Eastman Kodak up on Bloomberg Article
Wednesday, August 17, 2011 - 9:24am | 117Eastman Kodak (NYSE: EK) +14.95% following a Bloomberg article discussing the value of company's patents. Approach Resources (NASDAQ: AREX) +14.14% Clearwire (NASDAQ: CLWR) +8.74% Staples (NASDAQ: SPLS) +8.30% on better than expected Q2 earnings and Q3 guidance. Chico's (NYSE: CHS) +5.08% on...
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ePlus Announces 500K Stock Repurchase Program
Wednesday, August 17, 2011 - 8:32am | 161ePlus inc. (Nasdaq: PLUS) announced that its board of directors has authorized the Company to repurchase up to 500,000 shares of ePlus' outstanding common stock over a 12-month period commencing on September 16, 2011. The Company's current repurchase plan is scheduled to expire on September 15,...
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Bank of America Merrill Lynch Maintains Buy on Intuit
Wednesday, August 17, 2011 - 7:32am | 119Bank of America Merrill Lynch is out with its report today on Intuit (NASDAQ: INTU), maintaining Buy. In its report, Bank of America Merrill Lynch writes, "We recently highlighted INTU as one of companies best positioned in our sector in the event of another recession. We reiterate our Buy with $...
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Merriman Capital Initiates ROVI, TIVO At Buy
Wednesday, August 17, 2011 - 6:21am | 33Merriman Capital has initiated coverage on Rovi (NASDAQ: ROVI) and TiVo (NASDAQ: TIVO) with a Buy rating.