Posts for Ticker ‘DDUP’

Major Tech Earnings on Deck (AAPL, TXN, SNDK, STX, WDC, YHOO, EBAY, VMW, EMC, AMZN, BRCM, JNPR, SYNA, MSFT)

This week is going to make last week’s earnings flood look like elementary school.  We have the floodgates opening for technology, web, software, hardware, and IT, and 24/7 Wall Street has previewed 14 of the top technology stocks that are on deck to report earnings this coming week:  Apple Inc. (NASDAQ: AAPL), Texas Instruments Inc. (NYSE: TXN), SanDisk Corp. (NASDAQ: SNDK), Seagate Technology (NASDAQ: STX), Western Digital Corp. (NYSE: WDC), Yahoo! Inc. (NASDAQ: YHOO), eBay Inc. (NASDAQ: EBAY), VMware, Inc. (NYSE: VMW), EMC Corp. (NYSE: EMC), Amazon.com, Inc. (NASDAQ: AMZN), Broadcom Corp. (NASDAQ: BRCM), Juniper Networks, Inc. (NASDAQ: JNPR), Synaptics Inc. (NASDAQ: SYNA), and Microsoft Corporation (NASDAQ: MSFT).

We have provided the first details for earnings, Thomson Reuters consensus data, added color of our own on the earnings trends, listed key issues to watch, and included the performance from the June 30 close and from the March 9 close that traders are using as the key pivotal turning day where the bear market died and a new bull market run began.
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Posted on: October 17, 2009 – 11:25 am in Calendar, Earnings, Internet, Semiconductor, Technology Companies, , , , , , , , , , , , , , ,

Can NetApp Earnings Continue The Run? (NTAP, DDUP, EMC)

NTAP LogoNetApp, Inc. (NASDAQ: NTAP) is set to report earnings after the close of trading on Wednesday.  What will be interesting to see is if the company can maintain its old history of growth despite losing the Data Domain, Inc. (NASDAQ: DDUP) bidding war to EMC Corp. (NYSE: EMC).  Thomson Reuters has estimates pegged at $0.20 EPS and $828.3 million in revenues.

Because estimates had been lowered and expectations were crushed in the Q1 period, the company did handily beat earnings estimates.  But the Wednesday expectations compare to year ago results of $0.22 EPS on $868.77 million in revenue.  If the company gives guidance, the estimates for the coming quarter are $0.30 EPS on more than $862.2 million in revenues.
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Posted on: August 18, 2009 – 3:02 pm in Earnings, Technology Companies, , ,

Top Day Trader Alerts (AA, CENX, NTAP, DDUP, EMC, RIGL, NVAX, HGSI, CPKI, SCSC)

Money Stack ImageThese are some of the this morning’s top day trader alert stocks to watch based on pre-market and after-hours volume activity.  These have links through to more detailed trading and volume analysis covered at the Volume Spike site VSInvestor.com:

  • Alcoa Inc. (NYSE: AA) shares are ones to watch for a volume spike higher after the company beat Q2 expectations by 12 cents a share and saw signs of auto market stability. Also watch rival Century Aluminum (Nasdaq: CENX) for possible upside.
  • NetApp Inc. (Nasdaq: NTAP) shares are pointing higher as the company saved some dough, and actually made a little, by losing its bid for data storage company Data Domain Inc. (Nasdaq: DDUP) to EMC Corp. (NYSE: EMC).
  • Rigel Pharmaceuticals Inc. (Nasdaq: RIGL) shares are up very strongly on clinical trial data that raised expectations for a partnership.
  • Novavax Inc. (Nasdaq: NVAX) shares are up more than 10 percent with nearly 100,000 shares traded in the pre-market after the company announced a joint venture in India with Cadila Pharmaceuticals, called CPL Biologicals.
  • Human Genome Sciences Inc. (Nasdaq: HGSI) shares are rising on strong volume on a New England Journal of Medicine publication regarding its Raxibacumab as a treatment for anthrax.
  • California Pizza Kitchen Inc. (Nasdaq: CPKI) shares will be ones to watch for a potential volume spike higher after the company guided Q2 profit higher.
  • ScanSource Inc. (Nasdaq: SCSC) shares could be active in early Thursday trading after the company guided higher for its fiscal Q4, ended in June.

-The 24/7 Wall St. Team

Posted on: July 9, 2009 – 7:49 am in After-Hours Activity, Pre-Market Activity, Trading Alert, , , , , , , , , ,

What The Ultimate Data Domain Buyer Really Wins (DDUP, EMC, NTAP, SYMC, CSCO, JNPR)

Money Stack ImageData Domain, Inc. (NASDAQ: DDUP) keeps getting higher and higher bids in the bidding war that has erupted between EMC Corp. (NYSE: EMC) and NetApp, Inc. (NASDAQ: NTAP).  Interestingly enough, this has an implication for Symantec Corporation (NASDAQ: SYMC) as well.  There is one question that keeps coming up… Why Is Data Domain worth so much to these companies???
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Posted on: July 6, 2009 – 11:57 am in Mergers and Buy Outs, Software, Technology Companies, , , , , ,

Arbitrage Risk/Reward Inverted on Data Domain (DDUP, NTAP, EMC)

Money Stack ImageThe long battle over Data Domain Inc. (NASDAQ: DDUP) may soon be coming to an end.  NetApp Inc. (NASDAQ: NTAP) appears to be coming out ahead of EMC Corp. (NYSE: EMC) as Data Domain told its shareholders on that they should not accept the takeover offer from EMC Corp. and back the NetApp deal.  What is interesting here is that if the would-be higher price target is true, then the risk/reward matrix for merger-arbitrage traders has actually inverted.
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Posted on: June 15, 2009 – 10:21 am in Mergers and Buy Outs, Rumors, Technology Companies, , ,

Media Digest 6/4/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   GM and Chrysler said closing dealers was essential to their restructuring.

Reuters:   The Justice Department is probing big tech employee recruiting.

Reuters:   Medical bills underlay 60% of American bankruptcies. Read More »

Posted on: June 4, 2009 – 3:00 am in Airlines, Autos, Banking, Biotech, Commodities, Mergers and Buy Outs, Metals, Press Digest, Satellite, Technology, , , , , , , , , , , , , , , , ,

Data Domain Bidding War Heats Up (DDUP, NTAP, EMC)

money-stack-imageThe war for Data Domain, Inc. (NASDAQ: DDUP) is heating up.  It was first NetApp, Inc. (NASDAQ: NTAP) that offered to buy the company.  Then EMC Corp. (NYSE: EMC) came out with a challenging bid.  Now, NetApp is back with a higher revised buyout offer.  The new offer values Data Domain at $30.00 per share.  Traders believe an all-out bidding war may be about to break out.
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Posted on: June 3, 2009 – 7:12 am in Mergers and Buy Outs, Technology Companies, , ,

NetApp Averts Possible Takeover For Now By Acquiring Data Domain (NTAP, DDUP)

Money Stack ImageNetApp, Inc. (NASDAQ: NTAP) has long been considered a potential takeover target by many traders and investors.  Yet this morning the company announced that it was a making a play of its own.  It is paying approximately $1.5 billion net of cash to acquire rival Data Domain Inc. (NASDAQ: DDUP) for the data backup and recovery operations.
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Posted on: May 21, 2009 – 8:05 am in Mergers and Buy Outs, Software, Technology Companies, ,

The 52-Week Low Club

bear104 Kids Entertainment (KDE) Big Q4 loss. Drops to $1.01 from 52-week high of $25.30.

Nanogen (NGEN) Delisting notice. Drops to $.07 from 52-week high of $.59.

Data Domain (DDUP) Lazard downgrade. Sells off to $10.25 from 52-week high of $25.16.

Sinclair Broadcasting (SGBI) No news. Just another media company out of favor. Drops to $.90 from 52-week high of $10.03.

Douglas A. McIntyre

Posted on: March 16, 2009 – 3:16 pm in HI/LOW, , , ,

Top Pre-Market Analyst Downgrades (ADTN, AFL, CBS, DDUP, ENR, INWK, PCS, PTRY, RGLD, SYK)

Burning_money_pic_2These are some of this Tuesday’s top pre-market analyst downgrades and cautious research calls from Wall Street that we have seen with more than two hours until the opens:

  • ADTRAN (ADTN) Started as Equal-Weight at Barclays.
  • AFLAC (AFL) Cut to Hold at Deutsche Bank.
  • CBS (CBS) Cut to Underperform at Bernstein.
  • Data Domain (DDUP) Started as Sell at Broadpoint AmTech.
  • Energizer (ENR) Cut to Sell at UBS.
  • Innerworkings (INWK) Cut to Hold at Jefferies.
  • MetroPCS (PCS) Cut to Sector Perform ar RBC.
  • Pantry (PTRY) Cut to Market Perform at FBR.
  • Royal Gold (RGLD) Cut to Underweight at HSBC.
  • Stryker (SYK) Cut to Hold at Needham.

Jon C. Ogg
January 27, 2009

Posted on: January 27, 2009 – 7:17 am in Analyst Calls, , , , , , , , , ,