BUZZ-U.S. Stocks on the Move-21Vianet, Ctrip.com, Seadrill, Infoblox
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U.S. stock index futures were flat on Wednesday as investors looked ahead to a flurry of economic data that will be released throughout the morning, which could indicate whether the market's record levels are justified. Dow Jones industrial average e-mini futures were down 0.03 percent at 17,802, S&P 500 e-mini futures were up 0.02 percent at 2,068 and Nasdaq 100 e-mini futures were up 0.10 percent at 4,297.
** 21VIANET GROUP INC, Tuesday close $20.76, -15.94 pct premarket
Stifel Nicolaus and Canaccord Genuity cut their ratings on the Chinese data center services company's stock to "hold" from "buy" citing weaker-than-expected core results, lackluster forecast and unresolved fraud allegations as reasons for the downgrade. 21Vianet reported lower-than-expected Q3 profit on Tuesday and cut its full-year revenue forecast.
** CTRIP.COM INTERNATIONAL LTD, Tuesday close $58.46, -10.54 pct premarket
The Chinese online travel company said it expects to report a Q4 loss of 400-500 mln yuan ($65.2-$81.5 mln), due to "aggressive" investments in second-tier cities and new businesses. The company expects Q4 margins to tumble 26 points sequentially and 35 points year-on-year and does not expect profitability to recover significantly in the near-term.
** SEADRILL LTD, Tuesday close $20.71, -9.71 pct premarket Continuación...