BofA/Merrill has upgraded its recommendation of Alcoa (NYSE:AA) to Neutral from Underperform. BofA/Merrill has evaluated the Midwest premia assumptions and increase the company rating accordingly.
Facebook Inc(NASDAQ:FB) Seeks Review of WhatsApp Deal from EU Regulators
Facebook Inc(NASDAQ:FB) has asked antitrust regulators in the European Union to review its acquisition of mobile messaging service WhatsApp, according to several media reports. Consolidating the review could prove stock-supportive for the social media giant as it may mean fewer hurdles for the acquisition. So far Wednesday, FB is trading slightly lower. European telecom companies have…
Google Shopping Stop Working
Google’s (GOOG)’s new service has been stopped because of the access demand.
Riverbed Technology Report Roughly In Line Results and Guidance
Riverbed’s first-quarter results were slightly ahead of consensus with revenue $400,000 ahead of the Street target and non-GAAP EPS beating the Street by a penny. During the quarter, solid enterprise and international sales were offset by continued weak U.S. federal sales, though management expects this vertical to rebound over the next couple of quarters as…
3D Systems Corporation Year-Over-Year Growth, but Sequential Results Raise Questions
3D Systems reported headline first-quarter earnings results that were in line with expectations, with revenue of $148 million and adjusted EPS of $0.15. Strong year-over-year revenue growth was driven by 28% reported organic growth and 17% related to acquisitions. Printers and products increased 53% year-over-year, while materials revenue grew 41% and services revenue grew 39%.…
RingCentral Single Executive Departure Creates Confusion
RingCentral stock has been negatively impacted over the past few days due to some confusion around the departure of Bob Lawson, who was a senior vice president and treasurer at the company. Mr. Lawson had been the CFO prior to RingCentral’s IPO last year, but before going public, the company brought on Clyde Hosein as…
Aruba Networks VAR Contacts Point to Same Conclusion
Recent in-depth VAR discussions reinforce our confidence in both Aruba’s short-term trajectory and long-term growth strategy. In the near term, Aruba’s business is being driven by three main product catalysts—802.11ac, Instant, and ClearPass—each of which we believe are best of breed. In the medium to long term, as the network edge becomes wireless-centric and the…
Verint Systems Solid Quarter; New Opportunities in Cybersecurity
Verint’s quarterly results were above expectations regarding total revenue and pro forma earnings per share, primarily driven by the company’s security business, which saw very strong growth this quarter. This quarter likely marks a transition point for the business, as Verint has made significant investments for growth in new areas like cyber-security, anti-fraud, unified CRM/contact…
Bottomline Technologies, Inc. Andera Acquisition Positive Addition to Commercial Banking Solutions
Yesterday, Bottomline Technologies announced that it agreed to purchase Andera, a provider of customer acquisition solutions for banks and credit unions. The company has over 500 customers and has helped process more than 4.5 million new account applications. More specifically this offering will pair with the recent Intuit acquisition and will focus on providing commercial…
The Ultimate Software Group Seminar Reiterates Why Customers Are Choosing UltiPro
Last week Ultimate Software provided prospective customers the opportunity to view demonstrations of the product, learn more about Ultimate Software, and network with other companies facing similar HR and payroll challenges. The seminar was well attended, with roughly 25 attendees. Most of the attendees we spoke with were looking to replace existing ADP or Ceridian…