Fusion-IO Dips, Piper, JP Morgan Defend ‘Back-End-Loaded’ FYQ4
Shares of enterprise data storage and server technology vendor Fusion-IO (FIO) are down 54 cents, or 2.4%, at $21.72, and earlier fell as low as $20.67 after rising at the start of the session, following a presentation this morning by CEO David Flynn ...
AMAT: Needham Cuts to Hold; Equip’t Sales Decelerating
Needham & Co.'s Edwin Mok this morning cut his rating on shares of Applied Materials (AMAT) from Buy to Hold ahead of the company's fiscal Q2 report on Thursday, after the bell, writing that the entire capital equipment industry for semiconductors...
GRPN Up 18%: Two Upgrades; Why Are Price Targets Dropping?
Shares of Groupon (GRPN) continue an amazing run, rising $2.05, or 17.5%, to $13.78, less than the pre-market climb of 24%, but still quite a respectable showing after a nearly 20% rise yesterday. This morning’s rise follows better-than-expected Q1 r...
This Morning: GRPN Jumps 24%; IBM Whacks Older Employees
Some things going on in tech in your world this morning: Shares of Groupon (GRPN) continue an amazing run, rising $2.82, or almost 24%, to $14.55 in early trading following better-than-expected Q1 results last night and a better-than-expected Q2 revenu...
RENN Rises: Q1 Beats, Q2 Rev View Light
Shares of Renren (RENN), sometimes called The Facebook of China, are up 12 cents, or 2%, at $5.61 in late trading after the company this evening reported Q1 revenue that topped analysts’ expectations and a smaller-than-expected net loss per share in ...
GRPN Up 15%: Q1 Beats, Q2 View Beats
Daily deals purveyor Groupon (GRPN) this afternoon reported Q1 revenue and profit per share that topped consensus and the company’s own forecast. Revenue in the three months ended in March rose to $559 million, yielding EPS of 2 cents a share. Analys...
Groupon Jumps 20% Ahead of Q1; Barrington Sees Upside
Shares of online deals provider Groupon (GRPN) have had a startling rise this afternoon, currently up $1.99, or almost 20%, at $11.89, and hitting a high of $12.18, in advance of the company’s Q1 report expected this afternoon, after the bell. “I t...
Nvidia: Caris Ups to Hold on GPU Share Gains
Responses continue to stream in following Nvidia‘s (NVDA) fiscal Q1 beat from Friday morning, with most of the responses being positive like those on Friday. Caris & Co. chip analyst Craig Ellis this morning raises his rating to “Average” from
Nvidia Up 7% on FYQ1 Beat; ‘Got Any 28-Nano Wafers?’
Shares of chip maker Nvidia (NVDA) are up $1.23 cents, or almost 10%, at $13.65 in early trading after the company this morning reported fiscal Q1 revenue and profit per share that topped analysts' expectations and forecast the current quarter hig...
GME Pre-Announces Q1 EPS Beat; ‘Light’ Demand for Top Games
Video game retailer Gamestop (GME) this afternoon pre-announced fiscal Q1 EPS of 54 cents, a penny better than expected, and re-affirmed its year outlook for EPS of $3.10 to $3.30, also a penny ahead, at the mid-point, relative to the consensus $3.19 e...
Towerstream Sags On Deeper Q1 Loss
Shares of public WiFi provider Towerstream (TWER) are down a penny, or 0.2%, at $4.35 in late trading after the company this afternoon reported Q1 revenue rose 31%, year over year, to $7.8 million, yielding a net loss per share of 8 cents, double the y...
PANL Off 11%: Better Than Bears Think, Says Goldman; ‘Green’ Materials a Concern, Says Piper
Shares of organic light-emitting diode technology (OLED) maker Universal Display (PANL) are down $4.20, or almost 11%, at $34.96 after the company last night missed Q1 estimates and reaffirmed its revenue outlook for the year, citing a slip in the ...
