Finance

Shares of networking processor designer Cavium Networks (CAVM) are unchanged at $33.29 after the company this afternoon reported Q4 revenue a hair below analysts’ consensus estimates, but beat on the bottom line. Revenue in the three months ended in December fell 17% from Q3′s level, to $56.3 million, yielding EPS of 17 cents a share,...

Shares of networking equipment vendor Acme Packet (APKT) are halted, after closing down 60 cents, or almost 2%, at $30.29 in the regular session, just before the company reported Q4 revenue below analysts’ estimates even lowered than it had warned last month. The shares are expected to resume trading at 4:45 pm, Eastern. Revenue in...

J.P. Morgan’s Mark Moskowitz today raised his rating on shares of Dell (DELL) to Overweight from Underweight, with a $21 price target, up from $17.50, writing that his research indicates that “Dell is almost there, in terms of completing its revenue pruning,” and that the company is nearing an “inflection point” in three to six...

Shares of enterprise software vendor Open Text (OTEX) are up $7.63, almost 15%, at $60.25 after the company last night reported fiscal Q2 revenue and profit per share ahead of analysts’ expectations. This was the first quarterly report since Mark Barrenechea was appointed chief executive of the company, effective yesterday. To recap, the company saw...

Shares of JDS Uniphase (JDSU) are down 88 cents, or 7%, at $12.26 this morning despite the company last night beating Q2 estimates and offering an in-line view for Q3′s results. The stock got one downgrade this morning, from UBS’s Nikos Theodosopoulos, who cut his rating on the shares to Neutral from Buy, though he...

Shares of Qualcomm (QCOM) are up $1.73, or almost 3%, at $61.27 after the company last night beat fiscal Q1 results and a offered a better-than-expected Q2 outlook on rising volume of phone chipset shipments. The company increased its revenue and profit outlook for the fiscal year, citing higher average prices on mobile devices (which...

Shares of The New York Times Company (NYT) are down a penny at $7.66 after the company this morning reported Q4 revenue below expectations but beat on the bottom line on growth in digital ads and digital subscribers. The company said its paid digital subscribers to The New York Times and The Herald Tribune totaled...

Canaccord Genuity’s Bobby Burleson late yesterday initiated coverage of Broadcom (BRCM) with a Buy rating and a $45 price target, a day after the company reported better-than-expected Q4 results and a Q1 view that also topped expectations. “We see shares of Broadcom moving higher on strength at key Mobile & Wireless customers,” writes Burleson, “resumption...