24/7 Wall St. » INFA

Morning Movers (INFI, RVBD, SOA, INFA, F)

Paul Ausick — Fri, 27 Jan 2012 15:06:27 +0000

There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include Infinity Pharmaceuticals Inc. (NASDAQ: INFI), Riverbed Technology Inc. (NASDAQ: RVBD), Solutia Inc. (NYSE: SOA), Informatica Corp. (NASDAQ: INFA), and Ford Motor Co. (NYSE: F).

After the first half-hour of trading, Infinity Pharmaceuticals is down more than -31% at $6.81. Volume is nearly 4x the daily average of about 64,000 shares traded. The drug maker has cancelled further trials of a pancreatic cancer drug that does not perform better than placebo.

Riverbed is down nearly -21% at $23.66. Volume is already nearly 3x the daily average of about 3.1 million shares traded. The networking technology company warned this morning that first-quarter sales growth would not meet previous expectations.

Solutia is up more than 41% at $27.56 after posting a new 52-week high of $57.85 earlier. Volume is already 12x the daily average of about 1.3 million shares traded. The specialty chemicals company has agreed to be acquired by Eastman Chemical Co. (NYSE: EMN) for $3.4 billion in cash and stock.

Informatica is up nearly 15% at $44.00. Volume has already exceeded the daily average of 1.7 million shares traded. The business software and services company has raised its outlook for the first quarter.

Ford is down more than -4% at $12.18. Volume is already about 80% of the daily average of about 54 million shares traded. The automaker missed earnings estimates this morning.

Paul Ausick

Filed under: 24/7 Wall St. Wire, HI/LOW, Market Roundups, The Day Tagged: F, INFA, INFI, RVBD, SOA

Today’s Best Market Rumors (10/17/2011) Dell M&A, Air France CEO

247wallst — Mon, 17 Oct 2011 12:43:14 +0000

Updated throughout the day.

The board of Air France will meet to fire the carrier’s CEO (WSJ)

Dell (NASDAQ: DELL) may target Citrix (NASDAQ: CTSX) and Informatica (NASDAQ: INFA) (Bloomberg)

Douglas A. McIntyre

Filed under: Rumors Tagged: CTSX, DELL, INFA

Are You Ready… The Cloud ETF Arrives (SKYY, NFLX, RNOW, OTEX, RAX, TIBX, INFA, APKT, TDC, ARUN, EQIX)

Administrator — Wed, 06 Jul 2011 14:14:33 +0000

The new saying in investing is “There’s an ETF for that!” Now you can count THE CLOUD in there. First Trust has just launched its Cloud-ETF, called the First Trust ISE Cloud Computing Index Fund (NASDAQ: SKYY). The expense ratio is probably not going to be considered outrageous but is higher than many ETF products with its 0.60% expense ratio.

The top components are as follows: NetFlix Inc. (NASDAQ: NFLX) 4.46%; RightNow Technologies Inc. (NASDAQ: RNOW) 4.15%; Open Text Corp. (NASDAQ: OTEX) 4.13%; Rackspace Hosting Inc. (NYSE: RAX) 4.11%; TIBCO Software Inc. (NASDAQ: TIBX) 3.91%; Informatica Corp. (NASDAQ: INFA) 3.89%; Acme Packet Inc. (NASDAQ: APKT) 3.87%; Teradata Corp. (NYSE: TDC) 3.80%; Aruba Networks Inc. (NASDAQ: ARUN) 3.78%; and Equinix Inc. (NASDAQ: EQIX) 3.70%. The classification stresses software at 32.53%, Internet software & services as 22.61%, communications equipment at 16.75%, and computer & peripherals at 11.15%.

The index tracks the ISE Cloud Computing™ Index and is said to be modified in equal-dollar weightings and is meant to track the cumulative performance of companies “actively involved in the cloud computing industry.” Minimum participation requires being engaged in a business activity supporting or utilizing the cloud computing space, as well as a share listing on an index-eligible global stock exchange, and finally a minimum market capitalization rate of $100 million.

The three segments in the index are the following:

pure-play cloud computing companies: direct service providers for the cloud or companies that deliver goods and services that utilize cloud computing technology;
non-pure-play cloud computing companies: companies that focus outside the cloud computing space, but those which provide goods and services in support of the cloud computing space;
Technology Conglomerate Cloud Computing Companies: These are large broad-based companies that indirectly utilize or support the use of cloud computing technology.

The overall weight by segment is 10% allocated to technology conglomerate companies. The rest is stated as, “The index weight that is allocated to non pure play companies is calculated by dividing the non pure play companies’ market capitalization by the sum of the pure play, non pure play and technology conglomerate market capitalizations. The remainder of the index weight is allocated to pure play companies.” Stocks are equally weighted within each of the three classifications and the index is reconstituted semi-annually and rebalanced quarterly.

After looking at the fact sheet, here are more details. The minimum constituent market cap is $863 million, the median market cap is $9.65 billion, and the highest market cap is $321 billion. The average P/E ratio is 33.37, the average price/book ratio is 5.10, the average price-to-cash flow ratio is 17.75, and the average Price/sales ratio is 4.20.

It is up to you as to decide whether or not you are a believer in an ETF with modified weightings such as this. When we hear “There is an ETF for that!” the question that always comes to mind is “Should there be?”

JON C. OGG

Filed under: Business Services, Consumer Electronics, Corporate Governance, Editor's Picks, ETF, Infrastructure, Internet, IPOs, Media, Mutual Funds, PC Companies, Software, Technology Companies Tagged: APKT, ARUN, EQIX, INFA, NFLX, OTEX, RAX, RNOW, SKYY, TDC, TIBX

Pre-Market Analyst Calls (September 4, 2007)

247wallst — Tue, 04 Sep 2007 07:12:49 +0000

ABY raised to Neutral at UBS.
AMD raised to neutral at Credit Suisse.
AG raised to neutral at Credit Suisse.
AEO raised to Outperform at Cowen.
BLOG started as Outperform at Wachovia.
DVA raised to Buy at Deutsche Bank.
EXEL cut to Mkt Perform at Wachovia.
FCSX raised to BUy at B of A.
HOKU raised to Mkt Perform at Piper Jaffray.
HSII cut to Sell at UBS.
INFA started as Outperform at CIBC.
KFN cut to Sell at UBS.
KOP cut to Hold at Jefferies.
KPN cut to Hold at Citigroup.
KSU raised to Buy at UBS.
MNST cut to Neutral at UBS.
MXIM started as Outperform at RBC Capital.
OII started as Overweight at JPMorgan.
OTE cut to Peer Perform at Bear Stearns.
PCG raised to Overweight at Lehman.
RDS/A raised to Buy at UBS.
RHI cut to Neutral at UBS.
RIMM cut to Peeer Perform at Bear Stearns.
SMOD cut to Hold at Citigroup.
SPR started as Overweight at Lehman.
TEF cut to Hold at Citigroup.
TMA raised to Outperform at FBR.
TYC raised to Buy at Deutsche Bank.
TYPE started as Buy at B of A.
TYPE started as Buy at Jefferies.
WEC raised to Overweight at Lehman.

Jon C. Ogg
September 4, 2007

Goldman Sachs Targets Select IT Names (DRIV, MVSN, BOBJ, COGN, INFA)

247wallst — Wed, 11 Jul 2007 07:58:54 +0000

Goldman Sachs has initiated several IT names this morning. While most of the names are neutral rated, these are the stocks it views favorably in each group with values as the current issue.

BUSINESS INTELLIGENCE: Cognos (COGN) started as Neutral, $1.70 2007 EPS target. Informatica (INFA) started as Neutral, $0.52 2007 EPS target. Business Objects (BOBJ) coverage transfer, also started as Neutral. Goldman Sachs also notes that it would look for a pullback in the names for a more attractive entry point.

DIGITAL RIGHTS: Macrovision (MVSN) started as Neutral and $32 target, $0.76 2007 EPS target.

MIGRATION SOFTWARE: Digital River (DRIV) started as Buy, $1.59 2007 EPS target; issues $54 target; attractive valuation atfer recent pullback.

Jon C. Ogg
July 11, 2007

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