Blog Profile / Tech Trader Daily
| URL : | http://blogs.barrons.com/techtraderdaily | |
|---|---|---|
| Filed Under: | Business & Finance / Investing | |
| Posts on Regator: | 6576 | |
| Posts / Week: | 56.1 | |
| Archived Since: | February 17, 2011 | |
Blog Post Archive
CRM: Fear Not the Acquisition Path, Morgan Stanley Says
Shares of hosted software provider Salesforce.com (CRM) are up 79 cents, or almost 2%, at $43.15, after Morgan Stanley‘s Keith Weiss today reiterated an Overweight rating on the shares, and $53 price target, writing that investors shouldn’t be too concerned about the company’s suffering from the cost of acquisitions, or about tough year-over-year comparisons in [...]
PANL Slips: Q1 Rev Beats, EPS In Line, Affirms Year View
Shares of organic LED technology maker Universal Display (PANL) are down $1.33, or 4%, at $32.02, in late trading, after the company this afternoon reported Q1 revenue that topped analysts’ estimates, met expectations on the bottom line, and reaffirmed its year outlook. Revenue in the three months ended in March rose 19%, year over year, [...]
Nvidia FYQ1 Revenue, EPS Beat
Chip maker Nvidia (NVDA) this afternoon reported fiscal Q1 revenue and earnings per share that topped analysts’ estimates. Revenue in the three months ended in March fell 13.7%, year over year, to $954.7 million, yielding EPS of 18 cents. Analysts had been modeling $941 million and 10 cents per share. Nvidia shares are up 44 [...]
PCLN Off 4%: Q1 Revenue, Profit Beat, Q2 Profit View Light
Shares of online travel booker Priceline (PCLN) aare down $26.87, or almost 4%, at $710.63, in advance of the company’s formal Q1 release, as headlines circulate on CNBC and other outlets that the company’s profit per share topped the consensus $5.27, at $5.76, but that Q2?s profit view is below consensus. Update: The company has [...]
STX, WDC: Needham Blasts ‘Weak, Unclear’ Chanos Remarks
Shares of disk drive makers Seagate Technology (STX) and Western Digital (WDC) today are down $1.85, or 4%, at $40.47, and $1.27, or 2.2%,a t $57.74, respectively, after noted short seller Jim Chanos yesterday argued against both companies in a presentation at the Ira Sohn investment conference in New York. Needham & Co.‘s Richard Kugele, who [...]
BBRY: Scotia Sees BES 10 Upside; Larger Future in ‘M2M’ Networks
Scotia Capital‘s Gus Papageorgiou today reiterates a Sector Outperform rating on shares of BlackBerry (BBRY), and a $22.35 price target on the ordinary shares traded in Toronto (BBTO), writing that the Street’s estimates for both device sales and for the company’s services business are too low. Papageorgiou is modeling $19.9 billion (US$) for the fiscal [...]
AAPL: ‘If You Forced Me to Own It or Short It, I’d Own It,’ Gundlach Tells CNBC
Noted bond expert Jeff Gundlach of Doubleline was talking with CNBC’s Scott Wapner a short while ago from the sidelines of the Skybridge Alternatives Conference in Las Vegas, discussing a number of topics, but in particular, of course, his call to short Apple (AAPL) back in early March of last year. After noting the wisdom [...]
Sprint: Cooperman, Ergen See Reasons for a Higher SoftBank Bid
Noted value investor Leon Cooperman of Omega Advisors was talking with CNBC’s Scott Wapner a short while ago about the battle between Dish Network (DISH) and Japan‘s SoftBank (9984JP) for control of Sprint-Nextel (S). Cooperman, who has a $2 cost basis in Sprint shares, and who has also been a holder of Dish stock, reiterated [...]
Dish Slips: Q1 Misses, Broadband Additions Surge
Shares of cable television operator Dish Network (DISH) are down $1.23, or 3%, at $38.38, after the company this morning reported Q1 revenue and profit per share that missed consensus estimates, amidst the company’s $25.5 billion competing bid for Sprint-Nextel (S), which is going through approval in the U.S. for a recapitalization by Japan’s Softbank [...]
This Morning: CYNI Debuts, GRPN Surges, RAX Plunges, More BBRY Cheers
Here are some things going on this morning in your world of tech: The market today welcomes the IPO of Cyan (CYNI) of Petaluma, California, which makes sotware-defined networking equipment for telco networks. The seven-year-old company priced at $11, in the middle of an expected range of $10 to $12. The stock is now down [...]
Sony Slips Despite FYQ4 Beat, Vows ‘Significant’ Growth in Mobile
Shares of Sony (6758JP) fell ¥24, or 1%, to close at ¥1,744 in Tokyo trading despite the company this morning announcing fiscal Q4 revenue and profit per share that topped consensus expectations and offering a slightly higher outlook for sales for this fiscal year. Sony’s American Depository Receipts fell 16 cents, or 0.9%, to $17.78, [...]
DLR, AT&T, LINN: Beware The Yield ‘Illusion,’ Says Jacobson
Beware the illusion of yield, says Jonathon Jacobson, the founder of Highfields Capital Management, speaking at today’s Ira Sohn Conference. Said Jacobsen, “The problem is that all dividends are not created equal.” You want cash flow growth – examples he listed are Procter & Gamble (PG) and Coke (KO) – rather than companies that must go [...]
STEC Q1 Net Loss Beats by a Penny; Q2 View Light
Shares of solid-state drive vendor sTec (STEC) are unchanged in late trading at $3.84 after the company this afternoon reported Q1 revenue in line with analysts’ estimates, and a net loss per share that was a penny better than expected, and forecast this quarter’s results slight below Street expectations. Revenue in the three months ended [...]
STX, WDC: Short Them, Says Chanos, Margins Going Lower
Short seller Jim Chanos, of Kynikos Associates in New York, just proposed a concise case for selling two big disk drive makers at today’s Ira Sohn Conference. Introduced by Barron’s Roundtable member and investor Meryl Whitmer, his thesis: “The Mobile Computing Revolution: Collateral Damage in Hard Disk Drives.” Chanos says the PC Sales have just [...]
RAX Tumbles 16%: Q1 Rev, EPS Miss
Shares of Internet infrastructure hosting provider Rackspace Hosting (RAX) are down $5.97, or 11%, at $46.27 in late trading, after the company this afternoon reported Q1 revenue and profit per share that missed analysts’ estimates. Revenue in the three montsh ended in March rose 20%, year over year, to $362 million, yielding EPS of 19 [...]
Groupon Surges 13%: Q1 Rev Beats, Q2 Rev View Misses
Shares of daily “deals” proprietors Groupon (GRPN) are up 76 cents, over 13%, at $6.34, in late trading after the company this afternoon reported Q1 revenue that topped analysts’ estimates, reported profit in line with expectations, and offered a Q2 revenue view below consensus. Revenue in the three months ended in March rose 8%, year [...]
Facebook’s PAC Has ‘Air of Immorality,’ Google Glass Points the Way, Om Malik Tells Bloomberg
Editor and correspondent Om Malik of the eponymous GigaOm was on Bloomberg Television with Emily Chang a short while ago chatting about a couple of topics including Google‘s (GOOG) Google Glass smart eyeglass technologies and about Facebook (FB) founder Mark Zuckerberg‘s political action committee and its role in the immigration debate. On the Zuckerberg score, [...]
Yahoo!: Buzz About Search Maneuvers, But Street Mostly Cares About Alibaba
Shares of Yahoo! (YHOO) are up 28 cents, or 1%, at $26.35, as the Street digests both speculation about its search advertising business, and also additional financials released yesterday about Chinese e-commerce giant Alibaba Group Holding in which Yahoo! maintains a 24% equity stake. On the speculative side, The Wall Street Journal’s Amir Efrati late [...]
Fusion-io Plunges 26%: Street Wonders What Just Happened in CEO Exit
Shares of server computer acceleration technology vendor Fusion-io (FIO) are down $4.69, or 26%, at $13.31, adding to losses this morning following the company’s announcement that founder and CEO David Flynn, and co-founder Rick White,...Show More Summary
BlackBerry: Negative Speculation Overdone, Says Macquarie; US Q10 Demand ‘Swing Factor’
Shares of BlackBerry (BBRY) are up 9 cents, or 0.6%, at $14.91, following a report from Macquarie Capital’s Kevin Smithen, who reiterates a Neutral rating on the shares, while opining that the stock could go to $17 on a short squeeze following what he views as overly negative sentiment of late. Smithen is “incrementally more [...]