Account
Netapp (NASDAQ:NTAP) was met with a slew of upbeat analyst notes on Wednesday after it launched its first ever dividend and ramped up its buyback program.Several brokerages raised their price targets on the Sunnyvale, Calif.-based storage systems maker on Wednesday, including UBS (NYSE:UBS), which upped its target to $42 from $37 on a "neutral" rating, Raymond James (NYSE:RJF), which raised it by two-dollars to $42 on an "outperform" rating, and BMO, which increased its price target to $43 from $41 on a "market perform" rating.The company on Tuesday unleashed a string of shareholder value programs as part of an effort to calm jitters about the information technology market, including raising its repurchase program by another $1.6 billion to $3.0 billion, which it expects to complete within the next three years.It also declared a quarterly cash dividend of 15 cents a share and announced plans to lay off about 900 workers to meet streamlining goals. Shares of NetApp recently were up 4.5%...
A push by big Wall Street banks to challenge the dominance of CME Group Inc. (CME) in handling financial futures is struggling as business on their trading platform ...
Shares of Jabil Circuit (NYSE:JBL) opened nearly 9% lower on Wednesday a day after the electrical components company reported disappointing quarterly earnings.The St...
Blackstone Group (NYSE:BX) inked a deal on Wednesday to buy home automation provider Vivint for $2 billion.The asset management company scooped up the maker of home ...
Shares of Apple (NASDAQ:AAPL) retreated about 5% Wednesday as Wall Street frets about a rare double miss on earnings and revenue from the world's most valuable compa...
A day after revealing a big increase in second-quarter profit and higher revenues from PayPal, analysts are giving EBay (NASDAQ:EBAY) the thumbs up.Shares of eBay ju...
Raymond James CEO Paul Reilly on the impact of Dodd-Frank and the challenges investing in the current market.
Shares of Johnson & Johnson (NYSE:JNJ) rallied 2% Wednesday morning as the health-care giant rides high on bullish calls from a trio of brokerages amid increased opt...
DOW JONES NEWSWIRESQualcomm Inc.'s (QCOM) fiscal second-quarter profit soared as the chip maker has seen adoption of its cellphone technologies continue to drive hig...
High-grade corporate issuers continue to find bond-market conditions attractive, pushing March's issuance closer to the $100 billion threshold for the first time in ...
Citigroup Inc. (C) has been a tough negotiator when selling unwanted assets--but the bank might have less leverage when selling its stake in Morgan Stanley Smith Bar...
An extra day on the calendar helped new-issuance break a monthly volume record for February, as PepsiCo (PEP) and five other companies brought more than $7 billion i...
Wells Fargo Advisors, the brokerage unit of Wells Fargo & Co (WFC), recently hired six financial advisers from Morgan Stanley Smith Barney who managed a combined $57...
A group of activist hackers kicked off an ambitious cyber operation on Tuesday that targeteted a slew of high-profile American targets, however the Group Anonymous a...
Nasdaq OMX Group Inc. (NDAQ) sees foreign exchange and fixed-income businesses as more likely targets for expansion via acquisitions than partnering with another big...
A rising stock market is breathing new life into Raymond James Financial Inc.'s (RJF) acquisition of Morgan Keegan & Co.While management projected a slight earnings ...
A prominent theme among ETF industry observers from 2012 has, unfortunately, remained in play in 2013. That being the ongoing attacks on, criticism of and fear-monge...
Shares of Baidu (NASDAQ:BIDU) slumped more than 11% on Tuesday a day after the Beijing-based search engine revealed its slowest profit growth since 2009 amid growing...
Raymond James Financial Inc. (RJF) Chief Executive Paul Reilly said the investment bank and brokerage, which acquired Morgan Keegan last April, plans to drop the reg...
Raymond James Financial Inc.'s (RJF) fiscal fourth-quarter profit rose 21%, helped by a far lighter tax bill than the prior year.Raymond James in April bought Region...
