Avid Jumps 14%: Full-Year GAAP Profit Possible in 2012
Shares of Avid Technology (AVID) are up $1.35, or almost 14%, at $11.33 after the company reported Q4 revenue of $185.3 million and earnings per share of 38 cents, excluding some costs, beating the average $177 million and 16-cent consensus. On GAAP basis, the company turned in a profit of 3 cents a share, its...
Forest City Has Room to Grow
The owner of America's largest residential tower is refocusing on its core rental properties business, offering the prospect of towering gains.
Stocks in the Spotlight Tuesday
Coinstar, NCR and Standard Pacific rose. Vishay Intertechnology fell.
SGI Plunges 25%: Year EPS View Weak, Margin Pressured
Shares of data center equipment maker Silicon Graphics (SGI), which were initially halted this afternoon, have plunged $3.56, or 25%, to $10.81 following the resumption of trading, after the company missed fiscal Q2 EPS estimates by a mile and forecast the year’s profit below consensus as its gross profit margin took a hit. Revenue in...
CALX, OPEN, VTSS, GLUU, SNCR Surge, NTGR Slips, JIVE Beats
Here’s a look at what’s going on in tech earnings land this afternoon: Shares of telecom equipment vendor Calix (CALX) rose as much as 16% in late trading before settling in to a gain of 61 cents, or 7%, at $9.20, after the company reported Q4 revenue of $91.6 million, and profit of 8 cents...
Yahoo! Chair Bostock Steps Down; Two Directors Named
Confirming a report by AllThingsD’s Kara Swisher earlier today, Yahoo! (YHOO) announced the company’s chairman of the board, Roy Bostock, will not stand for re-election, and said that the company had elected two new independent directors, Alfred Amoroso, formerly head of Rovi, and Maynard Webb, Jr. formerly chairman of software startup LiveOps. As Bostock put the...
EMC: Bulls Say VFCache Gradual Threat to FIO, OCZ, STEC
Analysts have been pondering the significance of EMC’s (EMC) announcement yesterday of its “Project Lightning” flash-memory product, now called “VFCache,” which is meant to speed up access to data by improving the ability to cache data in corporate server computers. EMC shares are not seeing any lift from the product, trading down 9 cents at...
Cisco: FYQ2 Trends Were Favorable, Says Credit-Suisse
Credit Suisse’s Paul Silverstein today reiterated an Outperform rating on Cisco Systems (CSCO) shares in advance of the company’s fiscal Q2 report tomorrow evening for the three months that ended in January. The Street is looking for $11.22 billion in revenue and 43 cents a share in profit tomorrow. Silverstein is looking for $11.34 billion...
U.S. Legacy Airlines Could Fly High Again
United Continental, Delta and US Airways will maintain high load factors.
Can Coinstar Keep the Pressure on Netflix?
Shares of movie-rental kiosk operator Coinstar gained strongly on news of two strategic deals. Yet investors can still profit from this stock.
USG May See Wallboard Prices Hit a Wall
The company will see an initial earnings boost but it likely won't stick.
Coinstar Soars 19%: Leverage, or Window Dressing?
Shares of Coinstar (CSTR) are up $9.37, or almost 19%, at $59.89 after a full day of developments Monday: The company last night beat analysts’ Q4 revenue and EPS estimates, and forecast the current quarter’s and the year’s profit well ahead of expectations, said it was buying some video rental assets from NCR (NCR), and...
