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US Stock Futures Down, Fed In Focus
Wednesday, June 22, 2011 - 5:17am | 531US stock futures are lower this morning, as investors are awaiting the latest interest-rate decision from the Federal Reserve. The Greek government won a key confidence vote late Tuesday. Futures on the Dow Jones Industrial Average dipped 24 points to 12,064.00 and futures on the S&P 500 stock...
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Stocks To Watch For June 22
Tuesday, June 21, 2011 - 11:40pm | 301Some of the stocks that may grab investor focus today are: Wall Street expects Bed Bath & Beyond Inc (NASDAQ: BBBY) to post its Q1 earnings at $0.63 per share on revenue of $2.08 billion. BBBY shares dropped 0.16% to $53.97 in after-hours trading. Adobe Systems Inc (NASDAQ: ADBE) posted a 54...
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Adobe Provides Outlook for Q3
Tuesday, June 21, 2011 - 3:21pm | 152For the third quarter of fiscal 2011, Adobe (NASDAQ: ADBE) is targeting revenue of $1 billion to $1.050 billion. The Company's operating margin is targeted to be 24.5 percent to 27.5 percent on a GAAP basis, and 34 percent to 36 percent on a non-GAAP basis. In addition, the Company is targeting...
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Adobe Systems Beats Earnings Estimates
Tuesday, June 21, 2011 - 3:21pm | 202Shares of Adobe Systems (NASDAQ: ADBE) are trading slightly lower in the after-hours following the release of the company's Q2 earnings results. Currently, shares off by 0.03%, at $32.00; they closed the regular session higher by 3.42%, at $32.01. Adobe Systems Incorporated reported Q2 EPS of $0....
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Market Bubbles then Fizzes 06-21-2011
Tuesday, June 21, 2011 - 2:30pm | 1058Cusick's Corner Plop, Plop, Fizz, Fizz, - oh what a rally relief it is. The market has bubbled up and now pulled off the highs going into the Midday. The Housing data came in a little better than expected this morning but the market into the Midday hit resistance, 1291 on the S&P Continuous...
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UPDATE: Sterne Agee Initiates NetScout Systems at Buy
Tuesday, June 21, 2011 - 8:52am | 122Sterne Agee is out with its report today on NetScout Systems (NASDAQ: NTCT), initiating NTCT at Buy. In a note to clients, Sterne Agee writes, "We are initiating coverage of NetScout Systems with a Buy rating and a $26 price target. We believe NetScout provides investors with an opportunity to...
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Goldman Sachs Puts Buy on Synchronoss Technologies
Tuesday, June 21, 2011 - 7:49am | 131Goldman Sachs put a Buy rating on Synchronoss Technologies (NASDAQ: SNCR). At the moment, Goldman has a price target of $39 placed on the company's stock. In a research report published today, Goldman states, "We add Buy-rated SNCR to the Conviction List as we believe the shares' recent pullback...
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J.P. Morgan Initiates Coverage On CRM
Tuesday, June 21, 2011 - 6:50am | 98J.P. Morgan is initiating coverage on salesforce.com (NYSE: CRM) with a Neutral rating and a $140 price target, based upon valuation. Says J.P. Morgan, in its report, “We are initiating coverage of salesforce.com with a Neutral rating and $140 YE'11 price target, as we believe the shares are...
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Taleo Expands Global Leadership in Talent Management with Acquisition of Jobpartners
Tuesday, June 21, 2011 - 5:53am | 246Taleo Corporation (NASDAQ: TLEO) today announced that it has signed a definitive agreement to acquire Jobpartners for approximately $38 million, 26 million Euros. The acquisition expands Taleo's ability to serve customers based in Europe and makes Taleo one of the largest SaaS-based talent...
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US Stock Futures Signal Higher Start On Wall Street
Tuesday, June 21, 2011 - 5:21am | 483US stock futures are higher this morning, ahead of a confidence vote in the Greek parliament later in the day. Futures on the Dow Jones Industrial Average surged 41 points to 12,054.00 and futures on the S&P 500 stock index rose 4.90 points to 1,278.70. Nasdaq 100 futures gained 7.50 points to...
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JP Morgan Initiates salesforce.com At Neutral, $140 PT
Tuesday, June 21, 2011 - 5:02am | 25JP Morgan has initiated coverage on salesforce.com (NYSE: CRM) with a Neutral rating and $140 price target.
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Earnings Scheduled For June 21
Monday, June 20, 2011 - 11:20pm | 331Jabil Circuit Inc (NYSE: JBL) is projected to report its FQ3 earnings at $0.57 per share on revenue of $4.14 billion. Barnes & Noble Inc (NYSE: BKS) is estimated to post a FQ4 loss at $0.91 per share on revenue of $1.39 billion. Commercial Metals Company (NYSE: CMC) is expected to report its...
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Stocks To Watch For June 21
Monday, June 20, 2011 - 11:10pm | 264Some of the stocks that may grab investor focus today are: Wall Street expects Adobe Systems Inc (NASDAQ: ADBE) to report its FQ2 earnings at $0.51 per share on revenue of $994.78 million. ADBE shares declined 1.65% to $30.44 in after-hours trading. Analysts are expecting Carnival Corp (NASDAQ:...
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Blackboard Inc. Announces Extension of Deadline to Tender 3.250% Convertible Senior Notes Due 2027 for Exercise of Repurchase Option
Monday, June 20, 2011 - 3:00pm | 94Blackboard Inc. (NASDAQ: BBBB) today announced that it is notifying holders of its 3.250% Convertible Senior Notes due 2027 that the deadline for holders to tender their Notes in connection with the exercise of their repurchase option has been extended from 11:59 p.m., New York City time, on June...
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Higher Beta Leading the Way 06-20-2011
Monday, June 20, 2011 - 1:55pm | 972Cusick's Corner The market is experiencing a nice oversold squeeze to the upside which is the type of action that one can expect now, it's choppy trading while Greece and the Fed work out austerity plans and their next steps, if any (for the Fed there may be additional QE, Quantitative Easing). I...