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Benzinga's Top Pre-Market NASDAQ Gainers
Thursday, June 23, 2011 - 8:22am | 109Bed Bath & Beyond Inc (NASDAQ: BBBY) shares advanced 2.39% to $55.35 in the pre-market session. BBBY reported an upbeat quarterly profit and lifted its full-year earnings forecast. ProShares UltraPro Short QQQ (NASDAQ: SQQQ) shares advanced 2.07% to $28.65 in the pre-market session. Sonic...
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Morgan Stanley Comments On Red Hat's Strong Q1
Thursday, June 23, 2011 - 7:55am | 84According to Morgan Stanley, Red Hat (NYSE: RHT) saw a strong Q1. Morgan Stanley said that, after posting 28% YoY billings growth and 49% operating cash flow (OCF) growth in Q1, the FY12 guide looking for total revenues up just 18.5% and OCF up 15% sets up RHT for continued beat and raise quarters...
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Deutsche Bank Maintains Hold on Red Hat
Thursday, June 23, 2011 - 7:54am | 138Deutsche Bank is out with its report today on Red Hat (NYSE: RHT), maintaining Hold. In a note to clients, Deutsche Bank writes, "RHT reported strong F1Q12 results with revenues, EPS, cash flow and billings all exceeding expectations. Performance was driven by strong execution and a strong demand...
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UPDATE: Piper Jaffray Raising Price Target On Red Hat
Thursday, June 23, 2011 - 7:45am | 154Piper Jaffray is raising its price target on shares of Red Hat Inc. (NYSE: RHT) to $59 from $57 after it reported earnings. It has an Overweight rating on shares. In a note to clients, Piper Jaffray writes, "Red Hat reported Q1 results above consensus and also raised FY12 guidance ahead of...
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Evercore Raises PT on Red Hat To $52
Thursday, June 23, 2011 - 6:35am | 27Evercore Partners has raised the price target on Red Hat (NYSE: RHT) from $50 to $52 and maintains its Overweight rating.
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US Stock Futures Down After Fed Outlook; Jobless Claims Data In Focus
Thursday, June 23, 2011 - 6:14am | 566US stock futures are lower this morning, after the Federal Reserve lowered its outlook for US economic growth. Futures on the Dow Jones Industrial Average dipped 45 points to 11,978.00 and futures on the S&P 500 stock index fell 6.10 points to 1,273.70. Nasdaq 100 futures dropped 8.50 points to...
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Piper Jaffray Raises PT On Red Hat To $59
Thursday, June 23, 2011 - 6:00am | 27Piper Jaffray has raised the price target on Red Hat (NYSE: RHT) from $57 to $59 and maintains its Overweight rating.
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Oracle To Report Q4 Results After The Closing Bell
Thursday, June 23, 2011 - 3:48am | 121Oracle Corp (NASDAQ: ORCL) is scheduled to report its quarterly results after the closing bell on Thursday. Analysts expect Oracle Corp (NASDAQ: ORCL) to post its earnings at $0.71 per share on revenue of $10.75 billion in the fourth quarter. Oracle reported earnings, excluding items, at $0.60...
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Earnings Scheduled For June 23
Thursday, June 23, 2011 - 12:23am | 258Discover Financial Services (NYSE: DFS) is projected to post its Q2 EPS at $0.70 on revenue of $1.70 billion. H&R Block Inc (NYSE: HRB) is expected to report its Q4 earnings at $2.15 per share on revenue of $2.32 billion. Oracle Corp (NASDAQ: ORCL) is estimated to post its Q4 earnings at $0...
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Top 4 NASDAQ Stocks In The Healthcare Information Services Industry With The Highest Operating Margin
Thursday, June 23, 2011 - 12:18am | 128Below are the top healthcare information services stocks on the NASDAQ in terms of operating margin. The trailing-twelve-month operating margin at Quality Systems Inc (NASDAQ: QSII) is 26.63%. QSII's ROE for the same period is 29.84%. The trailing-twelve-month operating margin at Computer...
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Stocks To Watch For June 23
Thursday, June 23, 2011 - 12:15am | 278Some of the stocks that may grab investor focus today are: Wall Street expects Micron Technology Inc (NASDAQ: MU) to report its Q3 earnings at $0.16 per share on revenue of $2.37 billion. MU shares dropped 0.24% to $8.15 in after-hours trading. Bed Bath & Beyond Inc (NASDAQ: BBBY) reported an...
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Microsoft - The Stock It Seems Everyone Loves to Hate
Wednesday, June 22, 2011 - 10:22pm | 940Back in the Halycon days of the tech bubble there were 4 Wall Street darlings that made investors a fortune. In the beginning there was Dell (NASDAQ: DELL), Cisco (NASDAQ: CSCO), Intel (NASDAQ: INTC) and Microsoft (NASDAQ: MSFT) who were commonly referred to as the “Four Horsemen”. Everyone used...
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Brian Stutland's Oracle Corporation (ORCL) Trade
Wednesday, June 22, 2011 - 7:31pm | 106On CNBC's Options Action, Brian Stutland suggested that investors should consider an options strategy in Oracle Corporation (NASDAQ: ORCL) ahead of earnings. Oracle (ORCL) is going to report earnings tomorrow, and Brian Stutland wants to sell the August 30 put for $0.63, and buy the August 34...
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Red Hat
Wednesday, June 22, 2011 - 7:19pm | 32Red Hat (RHT), the Linux software provider, saw Q1 EPS rise 33% to 24 cents, beating views by 2 cents. Sales grew 27% to $264.7 mil, also topping. It gained 3.7%.
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Some Observers Now Call Dell BlackBerry Maker's Top Suitor
Wednesday, June 22, 2011 - 6:38pm | 94The scent of a wounded Research In Motion in a jungle of predators has raised speculation the BlackBerry maker will be acquired. Leading the list of likeliest buyers are Dell (DELL), Hewlett-Packard (HPQ), Microsoft (MSFT) and several Asian companies. All covet bigger positions in the market for...