Microsoft shares rise as company details surge in cloud services usage » 11:1003/3003/30/20
Shares of Microsoft…
Microsoft sees 775% usage jump in cloud services regions with 'shelter in place' » 10:1603/3003/30/20
In a blog post yesterday…
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Varonis price target lowered to $85 from $115 at Needham » 09:1103/3003/30/20
Needham analyst Alex…
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Fly Intel: Top five weekend stock stories » 19:1203/2903/29/20
CYH, HCA, LPNT, THC, UHS, AMZN, MSFT, AAPL, GOOGL, GOOG, GM, CAT, MRK, INTC, HON, BBY, GWW, DHI, QCOM, AKAM, LMT, BLK
Catch up on the…
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. President Donald Trump said on Sunday that he will extend the guidelines aimed at slowing the spread of the coronavirus to April 30, from his original target of Easter on April 12, according to Reuters. Trump added that deaths from the coronavirus could peak around Easter. The President also accused hospitals of hoarding ventilators that are in scarce supply across the U.S. as the coronavirus spreads, adding any hospitals not using the devices must release them, Reuters' Nandita Bose and Phil Stewart reported. Publicly traded companies in the space include Community Health (CYH), HCA Healthcare (HCA), LifePoint (LPNT), Tenet (THC) and Universal Health (UHS). 2. Amazon (AMZN) warehouse workers in Staten Island plan to strike on Monday to call attention to the lack of protections for employees who continue to come to work amid the coronavirus outbreak, CNBC's Annie Palmer reported. Nearly 100 workers at the facility, known as JFK8, plan to participate in the work stoppage, the author notes. The employees will walk out Monday morning and "cease all operations" until their demands are heard by site leadership, said Chris Smalls, a management assistant at JFK8 and a lead organizer of the strike. 3. Microsoft (MSFT), Apple (AAPL), Amazon, and Google parent Alphabet (GOOGL) with their fortress-solid balance sheets, are poised to come out of the downturn just as strong as they went in, Eric Savitz wrote in this week's edition of Barron's. 4. General Motors (GM) agreed to a $120M settlement over faulty ignition switches that allegedly caused cars to stall and air bags to deploy, in some cases triggering fatal accidents, Bloomberg's Robert Burnson reported. The deal, which must be approved by a judge, would resolve hundreds of lawsuits filed before the automaker sought bankruptcy protection in 2009, the author noted. 5. Caterpillar (CAT), Merck (MRK), UnitedHealth, Intel (INTC), Honeywell International (HON), Best Buy (BBY), W.W. Grainger (GWW), D.R. Horton (DHI), Qualcomm (QCOM), Akamai Technologies (AKAM), Lockheed Martin (LMT), and BlackRock (BLK) saw positive mentions in this week's edition of Barron's.
Apple, Amazon to come out of downturn strong, Barron's says » 07:0203/2803/28/20
GOOG, GOOGL, AMZN, AAPL, MSFT
Microsoft (MSFT), Apple…
Microsoft (MSFT), Apple (AAPL), Amazon.com (AMZN), and Google parent Alphabet (GOOGL) with their fortress-solid balance sheets, are poised to come out of the downturn just as strong as they went in, Eric Savitz writes in this week's edition of Barron's. Reference Link
Microsoft purchase values Affirmed Networks at $1.35B, Bloomberg says » 13:5503/2703/27/20
Microsoft's agreement to acquire Affirmed Networks values the 5G software maker at about $1.35B, people familiar with the matter told Bloomberg's Katie Roof and Liana Baker. Microsoft announced the deal previously without disclosing financial details.
Zscaler initiated with a Buy at Dougherty » 07:5903/2703/27/20
Dougherty analyst Catharine Trebnick initiated coverage of Zscaler with a Buy rating and $75 price target.
Tufin initiated with a Buy at Dougherty » 07:5803/2703/27/20
Dougherty analyst Catherine Trebnick initiated coverage of Tufin with a Buy rating and $12 price target.
Citi opens one positive, four negative catalyst watches in Software » 06:2103/2703/27/20
CHKP, NOW, OKTA, PING, ZS
Citi analyst Walter…
Citi analyst Walter Pritchard opened an upside catalyst watch on Check Point Software (CHKP) and downside catalyst watches on ServiceNow (NOW), Okta (OKTA), Ping Identity (PING) and Zscaler (ZS). These are based on recent moves in the stocks and the analyst's view of upcoming events. Pritchard's channel checks indicate short-term priorities are "jumping the line" and that the deal sign-off process is complicated by individuals working from home.
Apple to launch Macs with Arm-based processors in 2021, MacRumors reports » 05:5603/2703/27/20
AAPL, INTC, MSFT
Apple (AAPL) plans to…
Apple (AAPL) plans to launch several Mac notebooks and desktop computers with its own custom Arm-based processors in 2021, MacRumors' Joe Rossignol reports, citing a research note by analyst Ming-Chi Kuo. Kuo believes that Arm-based processors will significantly enhance the competitive advantage of the Mac lineup, allow Apple to refresh its Mac models without relying on Intel's (INTC) processor roadmap, reduce processor costs by 40%-60%, and provide Macs with more hardware differentiation from Windows (MSFT) PCs. Reference Link