Tech Today: Buy Nvidia’s Crypto, Two Hewletts Rising, Stop Shorting Applied Opto

Both Hewlett Packard Enterprise and HP inc. are rising after upbeat reports Thursday, two startups, The Trade Desk and Appian delivered nice results, Nvidia and AMD have good prospects in both gaming and crypto-currency use, says Merrill Lynch, identity manager Okta gets a new fan at Deutsche Bank, Yahoo!'s Altaba offspring is too cheap relative to those Asian assets, the easy money is over with struggling fiber-optic name Applied Optoelectronics, says its most devoted short seller, while the pain continues for fiber name Acacia Communications, Western Digital has good prospects, says Stifel, and Universal Display, the maker of OLED technology, is plunging after its year outlook disappointed, though it has plenty of defenders.

Cisco Returns To Growth and Pays Out, Bears Still Fret Routing

Bulls were delighted with Cisco's return to growth in its quarterly results and outlook announced Wednesday evening, as well as the promise of lot more to come in its capital returns program. Bears still worry about lack of disclosure of individual product lines, especially as it may mask continued weakness in Cisco's routing equipment sales.

Cisco CFO Kramer: Working Our Way Through This Giant Cash Pile

Cisco's CFO, Kelly Kramer, said the "transformation" it has been engineering is accelerating, producing free cash flow growth well in excess of the revenue growth rate. She indicated that while its net cash pile will end up at around $10 or $12 billion this year, after repatriation, and a stepped-up capital returns program, the company is not averse to at some point in future having a zero, or near-zero, net cash position.

NetApp Drops 11%: CFO Says Wait Till Analyst Day for Dividend Details

Shares of NetApp, provider of storage technology, dropped 12% despite an upbeat quarterly report and forecast, as analysts wondered what the company will do to boost its capital returns program. The company's CFO said to stay tuned for NetApp's April analyst day meeting, reiterating an intent to boost the dividend "significantly."

Applied Materials Rising After Doubling Dividend, Adding $6B to Buybacks

Chip equipment vendor Applied Materials joined Cisco in making dividends and buybacks a big feature of its quarterly report, doubling the dividend amount per quarter and adding $6 billion to its share repurchase authorization. The changes, along with better-than-expected quarterly results and outlook, sent shares slightly higher in late trading.

Tech Today: Twilio Soars, Talend Surges, Mulling Apple Cash Scenarios

Shares of Tuesday's earnings winners, Twilio, Talend and Hubspot, all rose sharply in Wednesday's session, Apple has many routes to reduce its net cash to zero, says UBS's Steve Milunovich, with a combo of dividend hike and buyback most likely, big tech firms don't seem to be willing to pay up for sports streaming rights like you'd think, says Brian Nowak of Morgan Stanley, and database startup MongoDB is approaching the trading window in which you should buy its shares, says Needham's Jack Andrews.

Apple: Will Annual Meeting Bring Insight on Capital Plans?

Apple (AAPL) shares are down 40 cents at $162.32, as the company goes into its annual shareholder meeting today, prompting a couple of observations from the Street. Proxy materials are available on Apple’s investor-relations website. The two proposals presented by shareholders are for Apple to lower the barrier for shareholders to nominate board members, and […]

Skyworks Surges: Bulls Cheer Head Above Water in Rough Seas

Skyworks offered a lower-than-expected forecast for quarterly results, but both bull and bear said the company's management is carrying out its duties "flawlessly" given all the challenges, including lower-than-expected Apple iPhone sales, and a slowing market for smartphones in China. A bump up in the company's capital returns is also something to cheer.

Apple Tipped Cap About May, Time to Go Away, Says Bernstein

Bernstein's Toni Sacconaghi, cutting his rating on shares of Apple to the equivalent of a Hold, says he's not impressed with talk of a big buyback, saying that was already pretty much indicated in Thursday evening's conference call with Apple CFO Luca Maestri, and so it leaves little in the way of a "catalyst" come May.

Tech Today: Amazon, Sprint Surge, Apple Slips, Alphabet Drops

Amazon and Sprint are the heroes of earnings season this morning, while Apple and Alphabet both decline, and VMware is the subject of Michael Dell's many potential possible actions, while small-cap tech company Impinj gets even smaller after warning about revenue and saying its CFO will depart.