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IBM

IBM

$142.75

-0.925 (-0.64%)

16:36
04/04/19
04/04
16:36
04/04/19
16:36

Centerbridge to buy IBM's marketing platform and commerce software offerings

Centerbridge Partners and IBM announced an agreement under which funds advised by affiliates of Centerbridge will acquire IBM's marketing platform and commerce software offerings. The transaction is expected to close in mid-2019, subject to completion of applicable regulatory reviews and customary closing conditions. After closing, Centerbridge intends to form a standalone company that will deliver a modern, comprehensive portfolio of solutions to meet the CMO's biggest challenges across marketing and advertising. The company will announce a new name and brand identity, which will be launched after close. The company will be led by Mark Simpson as CEO, after the closing, along with other key IBM executives, and will move its headquarters to New York City. Mr. Simpson is currently Vice President, Offering Management and Strategy for the IBM Marketing Platform and Commerce offerings. He was previously the founder and president of Maxymiser, a recognized leader in customer experience optimization. Centerbridge plans to establish a board of directors for the new company, which will include independent members with deep marketing and software experience. Financial terms and conditions of the transaction were not disclosed.

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IBM IBM
$142.75

-0.925 (-0.64%)

01/31/19
TIGR
01/31/19
NO CHANGE
TIGR
Neutral
IBM's Cognitive Solutions strength offset by weak System, says Tigress Financial
Tigress Financial analyst Ivan Feinseth kept his Hold rating on IBM after another set of mixed results reported for Q4 last week. The analyst notes that the company's strong Cognitive Solutions performance continues to be offset by ongoing weakness in Systems revenue. Feinseth adds that its Business Performance is also trending, but sees IBM "starting to benefit from the growing performance of its Cognitive Solutions and Global Business Services business lines", driven by "growing demand for analytics, IoT, and security services."
02/11/19
PIPR
02/11/19
NO CHANGE
PIPR
Piper storage survey positive for Pure Storage, Nutanix, NetApp
Piper Jaffray conducted its fiscal Q4 Storage Reseller Survey by collecting feedback from 28 resellers and distributors. While only five of 14 vendors had net positive results versus six of the 14 last quarter, the firm saw "strong results" for Pure Storage (PSTG), Rubrik, Nutanix (NTNX), Veeam and NetApp (NTAP), analyst Andrew Nowinski told investors earlier in a research note. Pure Storage also had the strongest pipeline heading into the April quarter, added the analyst. The company's results sharply improved in the survey, with 67% of resellers citing "Above Plan" results, the highest level seen in three years, says Nowinski. The stock in early trading is up 19c to $18.47. Of those surveyed by Piper, 36% of resellers said they saw a negative impact from the U.S. government shutdown, with Dell (DELL), HP/3PAR (HPQ) and IBM (IMB) the most impacted.
03/15/19
BMOC
03/15/19
DOWNGRADE
Target $53
BMOC
Market Perform
Oracle downgraded to Market Perform from Outperform at BMO Capital
BMO Capital analyst Keith Bachman downgraded Oracle (ORCL) to Market Perform from Outperform with an unchanged price target of $53 following last night's fiscal Q3 results. The stock in premarket trading is down 3%, or $1.65, to $51.40. The analyst believes Oracle can sustain ~2% constant currency revenue growth, but is "dubious" the company can improve its revenue growth rates. He does not think autonomous database or gradual unfolding of the cloud enterprise resource planning market will help Oracle's growth in fiscal 2020. As demonstrated by IBM (IBM) over the years, an aggressive buyback will not be enough to push the shares meaningfully higher without improved top-line results, Bachman tells investors in a post-earnings research note. As such, he sees a balanced risk/reward profile at current share levels.
03/26/19
BERN
03/26/19
NO CHANGE
BERN
Red Hat worth $190/share 'even as stand alone entity,' says Bernstein
Bernstein analyst Zane Chrane notes that Red Hat's (RHT) Q4 results are unlikely to have a material impact on the stock price given the expected acquisition by IBM (IBM) in the second half of 2019. However, strong growth in emerging products, continued reacceleration in RHEL revenue, and robust growth in deferred revenue and backlog all suggest the company is having increasing success in cross-selling its hybrid cloud solutions to large enterprise customers, he contends, adding that this quarter's results were "strong across the board," suggesting that the pending IBM deal is not having any negative impact on the company's execution. Chrane believes Red Hat is worth $190 per share "even as a stand-alone entity."

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MAS

Masco

$38.51

-1.47 (-3.68%)

12:10
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3K Masco May 37 - 39 put spreads sold at 83c »

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NITE

Nightstar Therapeutics

$25.54

0.01 (0.04%)

, BIIB

Biogen

$230.56

6.24 (2.78%)

12:07
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Hot Stocks
Polygon discloses 7.97% stake in Nightstar, sends letters to board »

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NITE

Nightstar Therapeutics

$25.54

0.01 (0.04%)

BIIB

Biogen

$230.56

6.24 (2.78%)

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FNB

F.N.B.

$11.99

0.01 (0.08%)

12:04
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04/25
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Hot Stocks
First National Bank appoints Samuel Kirsch as chief digitial officer »

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CRC

California Resources

$22.75

-3.55 (-13.50%)

12:00
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Hot Stocks
California Resources falls -13.4% »

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HZO

MarineMax

$16.59

-3.255 (-16.41%)

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MarineMax falls -16.3% »

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CLS

Celestica

$7.19

-1.42 (-16.50%)

12:00
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Celestica falls -16.7% »

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AAN

Aaron's

$58.07

4.745 (8.90%)

12:00
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12:00
Hot Stocks
Aaron's rises 9.0% »

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WAB

Wabtec

$71.90

-4.67 (-6.10%)

12:00
04/25/19
04/25
12:00
04/25/19
12:00
Options
Downside put buy in Wabtec as shares wobble after earnings »

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OIS

Oil States

$20.53

2.11 (11.45%)

12:00
04/25/19
04/25
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12:00
Hot Stocks
Oil States rises 12.4% »

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ASPN

Aspen Aerogels

$3.56

0.36 (11.25%)

12:00
04/25/19
04/25
12:00
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12:00
Hot Stocks
Aspen Aerogels rises 12.7% »

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NWL

Newell Brands

$13.84

-0.4 (-2.81%)

11:55
04/25/19
04/25
11:55
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11:55
Options
Newell Brands put volume heavy and directionally bearish »

Bearish flow noted in…

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11:50
04/25/19
04/25
11:50
04/25/19
11:50
General news
U.S. Treasury tax receipts continue to surge »

U.S. Treasury tax…

GILD

Gilead

$63.57

0.75 (1.19%)

11:48
04/25/19
04/25
11:48
04/25/19
11:48
Recommendations
Gilead analyst commentary at Piper Jaffray »

Piper Jaffray 'not…

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IMMR

Immersion

$9.27

0.03 (0.32%)

11:45
04/25/19
04/25
11:45
04/25/19
11:45
Options
Immersion call volume above normal and directionally bullish »

Bullish option flow…

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11:45
04/25/19
04/25
11:45
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11:45
General news
Treasury's $85 B 4- and 8-week bill auctions were mixed »

Treasury's $85 B 4-…

11:43
04/25/19
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General news
8-Week Bill Auction Total Amount data reported »

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11:43
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General news
4-Week Bill Auction Total Amount data reported »

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FB

Facebook

$193.51

10.87 (5.95%)

, TSLA

Tesla

$251.50

-7.2 (-2.78%)

11:38
04/25/19
04/25
11:38
04/25/19
11:38
On The Fly
Facebook upgrade, Tesla downgrade among today's top calls »

Check out today's top…

FB

Facebook

$193.51

10.87 (5.95%)

TSLA

Tesla

$251.50

-7.2 (-2.78%)

PTC

PTC

$90.78

-11.16 (-10.95%)

XLNX

Xilinx

$116.64

-23.15 (-16.56%)

GD

General Dynamics

$178.46

-2.21 (-1.22%)

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PAGS

PagSeguro Digital

$26.34

-0.14 (-0.53%)

11:35
04/25/19
04/25
11:35
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11:35
Options
PagSeguro Digital put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 14

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ZAYO

Zayo Group

$30.67

-1.075 (-3.39%)

11:31
04/25/19
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11:31
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11:31
Recommendations
Zayo Group analyst commentary at Wells Fargo »

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  • 09

    May

CGI

Symbol changed to CGIP

$0.00

(0.00%)

, CGIP

Celadon Group

$0.00

(0.00%)

11:26
04/25/19
04/25
11:26
04/25/19
11:26
Hot Stocks
Celadon Group announces resolutions of DOJ, SEC investigations »

Celadon Group announced…

CGI

Symbol changed to CGIP

$0.00

(0.00%)

CGIP

Celadon Group

$0.00

(0.00%)

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LBTYK

Liberty Global

$26.04

-0.35 (-1.33%)

11:25
04/25/19
04/25
11:25
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11:25
Options
Liberty Global call volume above normal and directionally bullish »

Bullish option flow…

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  • 07

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WABC

Westamerica

$62.57

-0.87 (-1.37%)

11:21
04/25/19
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11:21
Hot Stocks
Westamerica increases quarterly cash dividend to 41c from 40c per share »

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11:20
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General news
Energy Action: RBOB gasoline futures »

Energy Action: RBOB…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
04/25/19
04/25
11:17
04/25/19
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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