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Blog Profile / The Tech Trade

Filed Under:Technology
Posts on Regator:5342
Posts / Week:25.5
Archived Since:February 24, 2011

Blog Post Archive

Autodesk FY Q4 Tops Ests, But Shrs Slip As Guidance Misses

Autodesk shares are trading lower in the after-hours session after the design software company provided disappointing guidance for the fiscal first quarter ending in April. For FY Q1 ended January 31, the company reported revenue of $607 million, up 2% from a year ago, and ahead of the Street consensus at $586.2 million. Non-GAAP profits [...]

HP’s Whitman, In LinkedIn Post, Says Turnaround Is Working

Hewlett-Packard CEO Meg Whitman today is posting a column on LinkedIn about the progress of the company’s turnaround, asserting that HP’s moves so far under her tenure are working, but that the company has “much more to do on the multi-year journey ahead of us.” (Update with a link to the post will follow once [...]

Apple Shrs ‘Range-Bound’ On Lack Of Big Phone, Analyst Says

Apple shares are likely to remain range-bound in 2013, Piper Jaffray analyst Peter Misek asserts in a research note, due to the company’s lack of a big screen iPhone. Misek says the main message you get from walking the floor at this week’s Mobile World Congress in Barcelona is that smartphone screen sizes are now [...]

Universal Display: Piper Sees Competition For Samsung Biz

Shares of OLED display maker Universal Display are trading sharply lower following some bearish comments from Piper Jaffray analyst Jagadish Iyer on the company’s relationship with Samsung. Iyer contends that Samsung will use components form Universal for the OLEDs in the Galaxy S4 smartphone – due to be unveiled March 14 – but only in [...]

Apple: Needham Repeats Buy Rating, But Trims Price Target

Needham analyst Charlie Wolf this morning repeated his Buy rating on Apple shares, but cut his target on the stock to $750, from $710, mostly to reflect recently disappointing Mac sales. The reduction adjusted his valuation on the stock to reflect a variety of adjustments he made in his model on the value of the [...]

Samsung Sets March 14 NYC Launch For Galaxy S4

Samsung has invited the media to a March 14 launch event in New York City to unveil the Galaxy S4 smartphone. The debut of the successor to the wildly successful S3 is going to ratchet up the pressure on other players in the smartphone market. BackBerry will launch the Z10 touch screen phone in the [...]

HP To Sell WebOS To LG

LG has agreed to acquire WebOS, the operating system software originally created by Palm, from Hewlett-Packard, CNET reports. LG plans to use the software not in smartphones, but rather in smart televisions. According to CNET, the deal includes the source code for WebOS, related documentation and patents, engineering talent, and related WebOS Web sites.  Financial terms [...]

BlackBerry Gains After CEO Says Z10 Production Increased

BlackBerry shares are trading higher Monday morning after CEO Thorsten Heins told a German newspaper that it has ramped up production of the new BlackBerry 10-based touch-screen Z10 smartphone, and that sales have exceeded expectations. He also said that an unexpectedly high percentage of Z10 buyers to date were previously using Apple and Android phones. [...]

Online Gambling Fever Lingers; ZNGA, GLUU, CZR, MPEL Rise

Investors continue to bid up shares of Zynga, Glu Mobile and other stocks expected to benefit from the recent approval of online gambling legislation in Nevada, with New Jersey expected to be close behind. In short, the Street has online gambling fever. As I noted on Friday, Nevada Gov. Brian Sandoval last Thursday signed an [...]

Avid Delays Q4 Report, Cites Accounting Issues; Shrs Tumble

Avid this morning said it is postponing its Q4 earnings release and conference call, which originally had been scheduled for Tuesday. The video editing software company said it needs additional time “to evaluate its current and historical accounting treatment related to bug fixes, upgrades and enhancements to certain products which the company has provided to [...]

HP’s Rally By The Numbers: Biggest 1-Day Move Since ’08

With today’s robust rally, Hewlett-Packard shareholders are enjoying a rare day indeed. With an hour left to go in the trading day, the stock is up 14%. The move has lifted HP’s market cap by $4.7 billion. By my calculation (using historic data from Yahoo Finance), HP shares have had moves of 14% or more [...]

HP Spikes After FY Q1 Tops Estimates; UBS Raises Rating

It’s a little earlier to declare victory in the Hewlett-Packard turnaround story, but the picture this morning looks a little brighter than it did yesterday. The struggling tech giant after the close yesterday posted better-than-expected results for its fiscal first quarter ended January 31, and offered April quarter guidance that topped Street expectations. Combine that [...]

ZNGA, GLUU Rally As Nevada Legalizes Online Gambling

Shares of social gaming company’s Zynga and Glu Mobile are trading higher this morning after Nevada Gov. Brian Sandoval yesterday signed a measure legalizing online gambling in the state. Nevada’s Assembly and Senate quickly passed the measure yesterday in what the AP described as an emergency measure intended to win approval ahead of pending similar [...]

Rackspace Shares Slide As Company Sharply Cuts Prices

Rackspace Hosting shares are trading sharply lower Friday morning after the company announced sharp price cuts for content delivery services and a new pricing scheme for hosting. The company is cutting prices for its cloud bandwidth and content delivery network services by 33%. Rackspace also said it is installing a tiered pricing system for its open [...]

BlackBerry: MKM Cuts To Sell; Sees 90% Chance BB10 Flops

MKM Partners analyst Michael Genovese this morning cut his rating on BlackBerry shares to Sell from Neutral, with a new target of $10, down from $12, on a more skeptical view about the prospects for the company’s newly unveiled BlackBerry 10-based smartphones. In downgrading the stock, Genovese asserts that the platform suffers from a lack [...]

Apple: Morgan Stanley Sees Higher Div, Cheaper iPhones

Morgan Stanley analyst Katy Huberty expects Apple to sharply ratchet up the amount of cash it return to shareholders. In a research note this morning, Huberty asserts that the company can match the S&P IT sector’s average free cash flow payout of 68% if it returns $28 billion to holders in FY 2013, “implying a [...]

WebMD Q4 Revs Tops Street; 2013 Views Exceed Ests

WebMD shares spiked in late trading Thursday after the online health-care information provider reported better-than-expected Q4 revenues. For the quarter, the company posted revenues of $132.7 million, down from $150.7 million in the year-ago quarter, but ahead of the Street consensus at $124.1 million. WebMD posted an adjusted loss for the quarter of 8 cents [...]

Infoblox Rocks: Stock Surges 10% As FY Q2 Tops Estimates

Infoblox shares jumped 10% in after hours trading Thursday on better-than-expected results for the company’s fiscal second quarter ended January 31. The provider of automated network controls posted FY Q2 revenues of $54.4 million, up 32% from a year ago, and ahead of the Street consensus forecast of $51.3 million. Non-GAAP profits were 6 cents [...]

Marvell FY Q4 Revs, Profits Beat Forecasts; Shrs Rally

Marvell Semiconductor shares gained ground after hours Thursday on better-than-expected financial performance for the company’s fiscal fourth quarter ended February 2. For the period, Marvell reported revenues of $775 million and non-GAAP profits of 19 cents a share; Street consensus had been $720.9 million and 13 cents. Revenues were down 1% sequentially, and up 4% [...]

Sourcefire Q4 Revs Top Ests; Shares Rally 11% After Hours

Sourcefire shares rallied sharply in late trading Thursday after the security software company posted better-than-expected Q4 revenues. For the quarter, Sourcefire reported revenue of $67.4 million, up 27% from a year ago, and ahead of the Street at $63.8 million. Adjusted profits of 29 cents a share were in line with Street estimates. “Sourcefire achieved [...]

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