Posts for Ticker ‘BMC’

Today’s Best Market Rumors (10/6/2009) (CTIC)(DDRX)(BA)(XOM)(GOOG)(AIG)(BAC)(AAPL)

newspaperUpdates throughout the day.

Update 2.40 PM EST: Biotech Cell Therapeutics (CTIC) is getting crushed, down 13% to $.95 on over 46 million shares. Rumors of insider selling, troubles with OPAXIO cancer, and possible dilution from possible raising of capital (various)

Update 1.50 PM EST: Cult stock Diedrich Coffee (DDRX) down 7% on heavy volume based on rumors shorts are aggressively moving into the shares  which are up almost 7,000% this year.  (various)

Update 12.05 PM EST:  After announcing a delay in the 747-8 Freighter and a $1 billion charge, Boeing (BA) CEO Jim McNerney’s job could be on the line (DJ Newswires).

Update 9.55 AM EST: Exxon Mobil (XOM) has agreed to buy Kosmos Energy’s stake in the Jubilee field in Ghana. (CNBC)

Kaufman industry sources say BMC, Citrix (CTXS), VMware (VMW), Symantec (SYMC), and CA (CA) are potential tech  buyout targets. (Briefing.com)

Yahoo! (YHOO) might sell Zimbra, Hot Jobs, and Yahoo! Small Business. (SAI)

Rogers Communications will lose its exclusive deal for selling the Apple (AAPL) iPhone in Canada. Telus and Bell Canada will get franchises (Globe and Mail).

Pay czar Kenneth Feinberg will cut cash compensation for executives at a number of firms which may include AIG (AIG), Citigroup (C), and Bank of America (BAC)   (WSJ)

Citigroup’s Pandit could be the next big bank CEO pushed out the door. (The Deal)

Lawyers working on Viacom’s (VIA) lawsuit against Google’s (GOOG) YouTube have found e-mails uncovered evidence that “employees of the video site were among those who uploaded unauthorized content to YouTube.” (CNET)

Douglas A. McIntyre

 

Posted on: October 6, 2009 – 9:14 am in Rumors, , , , , , , , , , , , , ,

Cisco’s Unified Computing: Many Risks, Questionable Rewards (CSCO, VMW, EMC, BMC, MSFT, RHT, ACN)

cisco-logoCisco Systems, Inc. (NASDAQ: CSCO) came out with its big technology platform announcement, as prior reports had hinted at.  This includes announcements for services and products involving Microsoft Corp. (NASDAQ: MSFT), Red Hat Inc. (NYSE: RHT), VMware, Inc. (NYSE: VMW)and EMC Corp. (NYSE: EMC), BMC Software Inc. (NYSE: BMC), and Accenture Ltd. (NYSE: ACN).  While this sounds complex, it is not really that complex.  But there are some risks.  This could cloud the waters at Cisco in determining if it wants to use the business model of an arms dealer or a mercenary.  It may also open the company to risks in new businesses which it has been able to avoid to date.
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Posted on: March 16, 2009 – 10:44 am in Software, Technology Companies, , , , , , ,

BMC’s Bright Outlook (BMC)

BMC Software Inc. (NYSE: BMC) is doing something that many software and technology companies might consider heresy.  It grew earnings, and is raising guidance.  Doen’t the company know there is a recession?

It posted flat Q3 net income flat of $83.8 million.  This translates to $0.64 non-GAAP EPS. Revenue rose more than 6% to $488.4 million.  Thomson Reuters estimates were $0.59 EPS and $487.6 million in revenue.

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Posted on: February 4, 2009 – 6:49 pm in Uncategorized,

Top Pre-Market Analyst Upgrades (AMAG, ANDE, BAC, BMC, CDNS, CTXS, IPAR, JEF, MDR, MYGN, NUVA, SYMC)

These are some of the top pre-market analyst upgrades we are seeing this Wednesday morning:

  • AMAG Pharmaceuticals (AMAG) Started as Overweight at JPMorgan
  • Andersons (ANDE) Started as Outperform at Oppenheimer
  • Bank of America (BAC) Raised to Market Perform at KBW
  • BMC Software (BMC) Raised to Neutral at JPMorgan
  • Cadence Design Systems (CDNS) Raised to Overweight at JPMorgan
  • Citrix Systems (CTXS) Raised to Overweight at JPMorgan
  • Inter Parfums (IPAR) Raised to Buy at Piper Jaffray
  • Jefferies (JEF) Raised to Market Perform at KBW
  • McDermott International (MDR) Started as Buy at American Tech Research
  • Myriad Genetics (MYGN) Started as Outperform at Oppenheimer
  • NuVasive (NUVA) Started as Overweight as JPMorgan
  • Symantec (SYMC) Raised to Overweight at JPMorgan

Jon C. Ogg
October 8, 2008

Posted on: October 8, 2008 – 6:43 am in Analyst Calls, , , , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (BMC, CNK, CTXS, CME, CTCM, DHT, RDEN, HOV, TPX, WLL)

These aren’t going to be the only impact analyst calls this Tuesday morning, but these are ten of the calls we are focusing on very early this morning:

  • BMC Software (NYSE: BMC) Started as Neutral at UBS.
  • Cinemark (NYSE: CNK) cut to equal-weight at Morgan Stanley.
  • Citrix Systems (NASDAQ: CTXS) Cut to Market Perform from Outperform at FBR.
  • CME Group (NYSE: CME) Raised to Buy from Hold at Citigroup.
  • CTC Media (NASDAQ: CTCM) started as Overweight at Lehman Brothers.
  • Double Hull Tankers (NYSE: DHT) raised to Neutral at JPMorgan.
  • Elizabeth Arden (NASDAQ: RDEN) raised to Outperform at Oppenheimer.
  • Hovnanian Enterprises (NYSE: HOV) Raised to Neutral from Sell at UBS.
  • Tempur-Pedic (NYSE: TPX) cut to Perform at Oppenheimer.
  • Whiting Petroleum (NYSE: WLL) started as Outperform at Wachovia.

Jon C. Ogg
June 17, 2008

Posted on: June 17, 2008 – 6:10 am in Analyst Calls, , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (AAPL, AMAT, BMC, COLM, SCOR, KLAC, NVLS, TJX, SONC, TIN)

These are the top analyst calls that 247WallSt.com is focusing on this Monday morning:

  • Apple (NASDAQ: AAPL) Raised to Overweight from Market Weight at Thomas Weisel.
  • Applied Materials (NASDAQ: AMAT) Cut To Neutral from Outperform at Credit Suisse.
  • BMC Software (NYSE: BMC) Cut to Neutral from Buy at Goldman Sachs.
  • Columbia Sportswear (NASDAQ: COLM) Cut to Sell From Hold at Citigroup.
  • ComScore(NASDAQ: SCOR) Raised to Buy from Hold at Jefferies.
  • KLA Tencor (NASDAQ: KLAC) Raised to Buy from Hold at Citigroup.
  • Novellus Systems (NASDAQ: NVLS) Raised to Equal-weight from Underweight By Lehman.
  • TJX (NYSE: TJX) Cut to Hold from Buy at Citigroup.
  • Sonic (NASDAQ: SONC) Started as Overweight at Lehman Brothers.
  • Temple-Inland (NYSE: TIN) Raised to Buy from Hold at Citigroup.

Jon C. Ogg
April 7, 2008

Posted on: April 7, 2008 – 6:56 am in Analyst Calls, , , , , , , , , ,

BMC Acquires BladeLogic For Data Center Automation (BMC, BLOG)

BMC Software (NYSE:BMC) has announced that it will acquire BladeLogic (NASDAQ:BLOG) for $28.00 per share of BladeLogic common stock.  The data center automation company acquisition is valued at $800 million, net of cash acquired.  According to BMC, BladeLogic will add a significant, high-growth revenue stream to BMC, accelerating the company’s long- term growth expectations for revenues, earnings, and cash flow.

As far as what BMC is getting, here is part of it.  BladeLogic has a large installed base of Fortune Global 500 customers:

  • 21 of the top 100 global companies,
  • 3 of the top 10 aerospace & defense companies,
  • 7 of the top 25 commercial and savings banks,
  • 3 of the top 5 securities companies,
  • 2 of the top 3 entertainment companies,
  • 2 of the top 3 general merchandisers,
  • 7 of the top 12 pharmaceutical companies,
  • and 7 of the top 10 telecommunications companies.

BladeLogic shares were actually up more than 50% from 2008-lows before this deal was announced. BladeLogic closed at $23.61 on Friday, and its 52-week trading range is $14.51 to $31.71.  BMC Software’s market cap before any initial dilution from this merger was listed as just under $6.5 Billion.

Jon C. Ogg
March 17, 2008

Posted on: March 17, 2008 – 7:12 am in Mergers and Buy Outs, Software, ,

Top 10 Pre-Market Analyst Calls (BIIB, BMC, COF, CLNE, FSLR, PLT, PMCS, RHT, SLM, WM)

There are many other analyst calls today, but these are the main calls we are looking at this morning:

  • Biogen Idec (BIIB) raised from Underperform to Neutral at Credit Suisse.
  • BMC Software (BMC) raised from Neutral to Outperform at    Credit Suisse.
  • Capitol One (COF) downgraded from Buy to Hold at Jefferies.
  • Clean Energy Fuels (CLNE) started as Strong Buy at Broadpoint Capital.
  • First Solar (FSLR) started as BUY at UBS.
  • Plantronics (PLT) downgraded from Neutral to Underweight at J.P.Morgan.
  • PMC-Sierra (PMCS) started as Sell at Banc of America.
  • Red Hat (RHT) downgraded from Buy to Neutral at Banc of America.
  • SLM Corp. (SLM) raised to Outperform at at Keefe Bruyette Woods.
  • Washington Mutual (WM) downgraded from Neutral to Sell at Banc of America.

Jon C. Ogg
December 13, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: December 13, 2007 – 8:05 am in Analyst Calls, , , , , , , , , ,

What To Expect Ahead of VMware’s VMWORLD Conference

Even if VMware (NYSE:VMW) sees its stock go sideways or even if it gets soft from here, it has a long way to go before many would be able to say this was not a successful IPO.  The valuations are now just too high for the sector to longer have a focus in I.T.  This is also true regardless of the VMware stock conundrum we noted recently. If you haven’t read up on and learned much about virtualization, as an investor you should read up on it as the next ‘next thing’ in software and IT. If you look at the competitors that some existing partners (and owners) are invested in, you’ll really understand.

One week from today, and possible over the coming weekend, we should start seeing many more companies announce "Partnering with VMware" or "Supplying VMware" or "Strikes key partners for virtualization" and the like.  Next week from September 11 to September 13 is the VMWORLD 2007 Conference at the Moscone Center in San Francisco, and the roster is a Who’s Who in Techland.  There is also a Technology Day symposium ahead of it. 

Keynote speakers here will be from such tech heavyweights as John Chambers of Cisco Systems (CSCO), Patrick Gelsinger of Intel Corp. (INTC), and Hector Ruiz of Advanced Micro (AMD).  Other sponsors are major tech giants like Dell (DELL), H-P (HPQ), NEC, IBM (IBM), and of course the parent EMC (EMC).

Network Appliances (NTAP) is also a sponsor, and it already issued its press release to signal its involvement.

Some of the gold sponsors that are not quite as prominent are BEA Systems (BEAS), Brocade (BRCD), EDS (EDS), Emulex (ELX), Sun Microsystems (JAVA).  Further down the list of sponsors and exhibitors are BMC Software (BMC), Avocent (AVCT), CA (CA), Citrix Systems (CTXS) (which also recently made a virtualization buyout of XenSource), Novell (NOVL), Patni Computer Systems Ltd. (PTI), QLogic (QLGC), Microsoft (MSFT), Symantec (SYMC), and more.

What is interesting is that this virtualization conference includes almost all of VMware’s key competitors.  So they are not blocking out competitors, at least not this year.  For whatever it is worth, there are many overlaps out there in what would be deemed partners and competitors.  It has XenSource, Microsoft, Symantec, and others. 

It also sold out of sponsor and exhibitor opportunities some time ago.  Here is a full list of exhibitors.  It is probably safe to assume that many more virtualization partnerships will be coming ahead of, out of, and after this key industry event.

Stock Tickers: VMW, EMC, CSCO, INTC, AMD, DELL, HPQ, NTAP, IBM, BEAS, BRCD, EDS, ELX, JAVA, SUNW, BMC, AVCT, PTI, CA, CTXS, NOVL, QLGC, MSFT, SYMC

Jon C. Ogg
September 4, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he produces the 24/7 Wall St. Special Situation Investing Newsletter and he does not own securities in the companies he covers.

Posted on: September 4, 2007 – 12:24 pm in Software, , , , , , , , , , , , , , , , , , , , , , , ,

BMC: Even Software is Bigger in Texas (BMC)

BMC Software (NYSE:BMC), one of the few major local software and business service management for large enterprise organizations, is seeing shares jump another 4% in after-hours trading.  The company posted Q1 2008 EPS at$0.28 GAAP and non-GAAP EPS at $0.37 on revenues of $385 million.  First Call estimates were $0.34 non-GAAP EPS and $375.1 million in revenues.

According to the company, this marks the ninth straight quarter where it met or beat guidance.  Its license bookings rose 55%, and total bookings rose 19%.  The company says this is a precursor to strong cash flow in future quarters. 

Q2 2008 GUIDANCE: BMC expects non-GAAP earnings per share in the range of $0.39 to $0.44 per share, assuming an effective tax rate of 30 percent and excluding an estimated $0.09 of special items, and puts revenues at $395 to $410 million.  ESTIMATES: First Call lists $0.41 EPS and $401.2M revenues, so this guidance is in-line to above-target if you use the mid-point of the range.

FISCAL 2008 GUIDANCE: BMC sees fiscal 2008 non-GAAP earnings per share to be in the range of $1.69 to $1.79 per share, assuming an effective tax rate of 30 percent and excluding an estimated $0.33 of special items.  The Company now expects fiscal 2008 revenue growth in the mid-single digits with margin improvements (at 5% growth, this would be an interpolated $1.66 Billion in revenues).  ESTIMATES: First Call has $1.68 EPS and $1.65 Billion, so the earnings are above (including this and next quarter gains) and revenues are in-line depending upon you ‘mid-single digit gains’ guestimate.

As a reminder the company is also in that large share buyback plan just recently announced.  Shares closed up 1.4% today at $27.79, and shares are 4% after the report at almost $29.00.  BMC’s 52-week trading range is $22.73 to $36.92.  Based on the mid-point of 2008 EPS targets from the company and based on a $29.00 static share price, the stock now trades with a forward P/E ratio of 16.6 (before any additional shares retired from buybacks).

Jon C. Ogg
August 6, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: August 6, 2007 – 6:30 pm in Earnings, Software, , ,

BMC Software’s Best Bet: Its Own Stock (BMC)

This morning, BMC Software Inc. (NYSE:BMC) has announced a $1 Billion share buyback plan, which at current prices would yield more than 35 million shares (if completed instantly).  This is in addition to the $171.1 million remaining under the current buyback authorization plan.  Unfortunately no real terms or conditions have been disclosed regarding the timing.

BMC Software is a company that if you could point to a share buyback as being a better solution to just making acquisitions elsewhere would emulate that description.  The company has historically not been a real strong dividend candidate with its 0.00% payout and its current $28.09 close of last week is toward the lower-end of a recent $26.33 to $36.92 52-week trading range.  About 18 months ago, shares confirmed a breakout above an old $15 to $20 range that had been in place for almost 3 years and it appears the company wants to try to re-energize the share movement.

BMC has also been somewhat reluctant to make big acquisitions.  If it hits the $1.68 EPS target expected from Wall Street for Fiscal March-2008 estimates, it has a mere 16.7 forward P/E on a pro forma basis.  The current market cap is only $5.6 Billion, so it looks like this actually may be the cheapest use of its nearly $1.3 Billion in liquid cash and equivalents on its books.

Jon C. Ogg
July 30, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: July 30, 2007 – 7:33 am in Software, Stock Buybacks, , ,