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ePlus Announces 500K Stock Repurchase Program
Wednesday, August 17, 2011 - 7:32am | 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 - 6:32am | 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 - 5:21am | 33Merriman Capital has initiated coverage on Rovi (NASDAQ: ROVI) and TiVo (NASDAQ: TIVO) with a Buy rating.
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Options Brief: VanceInfo Technologies
Tuesday, August 16, 2011 - 9:12am | 68Shares of VanceInfo Technologies (NYSE: VIT) are lower on the session by 26.57%, trading at $13.90. Overall put volume is now running at 2.49x the daily average, with 51% of all puts traded being purchases on the offer. 3,844 contracts have traded on the session so far. VanceInfo Technologies...
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Morning Market Losers
Tuesday, August 16, 2011 - 8:54am | 101Vanceinfo Technologies Inc (NYSE: VIT) fell 26.57% to $13.90 at 9:50 am. VIT reported lower Q2 net income and issued downbeat projections. ValueVision Media Inc (NASDAQ: VVTV) shares lost 26.35% to $3.83. VVTV posted a Q2 loss of $0.09 per share. New Energy Systems Group (AMEX: NEWN) shares...
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Piper Jaffray Maintains Overweight on salesforce.com
Tuesday, August 16, 2011 - 8:11am | 103Piper Jaffray is out with its report today on salesforce.com (NYSE: CRM), maintaining Overweight. In its report, Piper Jaffray writes, "While we have carried a more cautious stance heading into the July/August earnings reports, we see three reasons to buy CRM shares opportunistically: 1) our...
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Net1 Announces Six Month Extension of SASSA Contract to March 2012
Tuesday, August 16, 2011 - 8:06am | 54Net 1 UEPS Technologies Inc. (NASDAQ: UEPS) today announced a six month extension of its contract for the payment of social welfare grants with the South African Social Security Agency, on the same terms and conditions as the existing agreement, which is scheduled to expire on September 30, 2011.
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Bank of America Merrill Lynch Reiterates Buy On Salesforce.com
Tuesday, August 16, 2011 - 7:21am | 184Bank of America Merrill Lynch is out with a research report on Salesforce.com, Inc (NYSE: CRM) and is reiterating its Buy rating and $160 price target on shares. In a note to clients, Bank of America Merrill Lynch writes, "Despite investors' macro concerns, our industry checks point to strong...
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Morgan Stanley Overweight On Salesforce.com
Tuesday, August 16, 2011 - 7:05am | 142Morgan Stanley is out with a research report on Salesforce.com (NYSE: CRM) and it has an Overweight rating and a $200 price target on shares. In a note to clients, Morgan Stanley writes, "Checks points to solid demand for CRM's Sales and Service Clouds with growing interest in Force.com and...
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UPDATE: Bank of America Previews F2Q for Autodesk
Tuesday, August 16, 2011 - 6:42am | 108Bank of America has published a research report on Autodesk (NASDAQ: ADSK) previewing F2Q numbers. In the report, Bank of America wrote, "Macro concerns weigh, but expect strong F2Q print ADSK reports F2Q on 08/18. Macro concerns and market volatility have created new concerns for the stock....
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Jefferies Maintains Buy On Salesforce.com
Tuesday, August 16, 2011 - 6:35am | 97Jefferies & Co. is out with a research report on salesforce.com (NYSE: CRM) and it has a Buy rating and a $165 price target on shares. In a note to clients, Jefferies & Co. writes, "We reiterate our Buy on CRM ahead of the company's F2Q12 report. Our work through the Q was consistently...
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Earnings Scheduled For August 16
Tuesday, August 16, 2011 - 3:19am | 481TJX Companies Inc (The) (NYSE: TJX) is expected to report its Q2 EPS at $0.89 on revenue of $5.44 billion. Home Depot Inc (The) (NYSE: HD) is projected to report its Q2 EPS at $0.83 on revenue of $19.96 billion. Saks Incorporated (NYSE: SKS) is estimated to post a Q2 loss at $0.09 per share on...
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Three Cloud Computing Stocks That Could Be Takeover Candidates
Monday, August 15, 2011 - 2:58pm | 520This afternoon, the street is buzzing over the Google Inc.(NASDAQ: GOOG) buyout of Motorola Mobility Holdings Inc.(NYSE: MMI). Most investors on Wall Street were betting that InterDigital Inc.(NASDAQ: IDCC) was the leading candidate for a Google takeover. It just proves that any company with good...
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Options Brief: Autodesk
Monday, August 15, 2011 - 2:51pm | 76Shares of Autodesk (NASDAQ: ADSK) are higher on the session by 2.86%, trading at $30.01. Overall call volume is now running at 4.08x the daily average, with 87% of all calls traded being purchases on the offer. 11,879 contracts have traded on the session so far. Autodesk, Inc. is a design...
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Afternoon Gainers; Dendreon up Nearly 20%
Monday, August 15, 2011 - 2:42pm | 98Dendreon (NASDAQ: DNDN) +19.75% on a positive blog post regarding J and Q codes. VirnetX (NYSE: VHC) +19.73% on positive comments by Cowen. Velti (NASDAQ: VELT) +13.53 - hearing the company was mentioned positively by ThinkEquity. SemGroup (NASDAQ: SEMG) +10.09% after the company announced its...