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Bank of America Impressed by Microsoft's Office 365
Wednesday, June 29, 2011 - 7:59am | 152“CEO Ballmer officially launched Office 365 today culminating what was one of Microsoft's (NASDAQ: MSFT) largest beta programs involving ~200k customers. Office 365 offers multiple Cloud based productivity solutions for SMBs and enterprises with prices ranging from $2 - $27/user/month,” Bank of...
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Benchmark Reiterates Buy and PT of $31 on Progress Software
Wednesday, June 29, 2011 - 6:28am | 59Benchmark reiterated its Buy rating on Progress Software (NASDAQ: PRGS). At the same time, the rating agency left its price target on the company's stock unchanged at $31. On Tuesday, Progress added 0.17% to its value to end the day at $23.28. Its shares slumped in today's pre-market trading,...
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Microsoft, Intel, Cisco (MIC) - Can The Troika Grow Again? (Part 1)
Wednesday, June 29, 2011 - 4:26am | 739Microsoft (NASDAQ: MSFT), Intel (NASDAQ: INTC), and Cisco Systems (NASDAQ: CSCO), once the darlings of Wall Street, had all fallen out of favor. Even though they have protected their turfs well, and are piling cash into their companies quarter after quarter, their stocks had languished for an...
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Stocks to Watch for 6/29/11: Fresh 52 Week Highs and Lows
Wednesday, June 29, 2011 - 4:11am | 2861Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Tuesday's trading session: 1) CIGNA (NYSE: CI): Shares of CIGNA hit a 52-week high of $51.16 in Tuesday's...
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Microsoft Puts Office Online
Tuesday, June 28, 2011 - 7:00pm | 566. The software giant unveiled Office 365, an online -- or cloud -- version of its Office business software suite. Office is Microsoft's (MSFT) most profitable unit, earning over $3 bil last quarter. It wants to push back rivals like Google (GOOG), which has taken a small but significant share of...
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Progress Software
Tuesday, June 28, 2011 - 6:39pm | 31Progress Software (PRGS) said Q2 EPS fell 3% to 38 cents, in line with views. Revenue grew 6% to $134.7 mil, just above views. It guided Q3 down and implied lower Q4 results. Shares fell 6%.
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Microsoft Puts Office In Cloud, Lifting Competition With Google
Tuesday, June 28, 2011 - 6:05pm | 68PC software leader Microsoft extended its Office productivity suite into the Internet cloud on Tuesday in a move to fend off Google in online business software. Microsoft (MSFT) launched Office 365 in 40 markets worldwide, including the U.S. The new service combines Web-based, or cloud, versions of...
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Progress Software Roll Over in the After-Hours
Tuesday, June 28, 2011 - 4:53pm | 257Shares of Progress Software (NASDAQ: PRGS) are falling in the after-hours following the release of its Q2 earnings results. Currently, shares are off by 5.67%, trading at $21.96; they closed the regular session higher by 0.17%, at $23.28. Progress Software reported Q2 GAAP EPS of $0.26, on a...
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Zings Of The Day June 28, 2011
Tuesday, June 28, 2011 - 3:37pm | 108Nike Inc (NYSE: NKE) reported strong earnings last night, as higher revenues offset higher costs, and the company showed surprising strength for the future. I guess "Just Do It" is doing just fine. Microsoft Corp (NASDAQ: MSFT) released its Office 365 software, bringing Microsoft Office to the...
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Allot Communications Soaring 11% On Heavy Volume
Tuesday, June 28, 2011 - 2:58pm | 71Allot Communications Ltd. (NASDAQ: ALLT) shares are soaring today, gaining $1.85 to $18.00, a gain of 11.46% on nearly double the average daily volume. Almost 400,000 shares have been traded today, which is well above the average daily volume of around 160,000 shares. Allot Communications Ltd....
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What's Hot On TheStreet
Tuesday, June 28, 2011 - 2:09pm | 300Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Goldman Sachs' Best Tech Stocks for 2011 It's been tough sledding for technology stocks this year, and Goldman Sachs' (NYSE: GS) "conviction buy" list for tech companies are indicative of that, showing mixed...
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Tuesday's Mid-Day Options Volume Leaders
Tuesday, June 28, 2011 - 11:26am | 85Here are today's mid-day options volume leaders… 1. Apple Inc. (NASDAQ: AAPL) 110,045 contracts, 59.0% calls, 41.0% puts 2. Bristol Myers Squibb Co. (NYSE: BMY) 62,915 contracts, 94.5% calls, 5.5% puts 3. Bank of America (NYSE: BAC) 61,112 contracts, 56.7% calls, 43.3% puts 4. Citigroup Inc. (NYSE...
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Options Brief: Symantec Corporation
Tuesday, June 28, 2011 - 10:46am | 76Shares of Symantec Corporation (NASDAQ: SYMC) are higher on the session by 2.84%, trading at $19.58. Overall call volume is now running at 3.27x the daily average, with 33% of all calls traded being purchases on the offer. 8,970 contracts have traded on the session so far. Symantec Corporation...
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Microsoft Launches Office 365 Global Cloud Service
Tuesday, June 28, 2011 - 10:03am | 54Microsoft (NASDAQ: MSFT) announced the availability of Microsoft Office 365 , the company's newest cloud service. Office 365 is now available in 40 markets, and it brings together Microsoft Office, Microsoft SharePoint Online, Microsoft Exchange Online and Microsoft Lync Online in an always-up-to-...
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Market Update
Tuesday, June 28, 2011 - 9:34am | 155Shares of IAC (NASDAQ: IACI) gained about 0.35% after the company appointed Mike Sorabella as Chief Executive Officer of Shoebuy.com. Mr. Sorabella served as the Chief Financial Officer (CFO) for Shoebuy for six years. Shares of Accenture plc (NYSE: ACN) gained about 5.2% as the company will...