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...
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...
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...
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...
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...
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...
Ever looked at the iPhone App Store’s list of most popular apps and thought, how did that get so popular? Apple has been asking the same question – and it has found that not all are quite as popular as …Continue reading: "Apple threatens...
by Dan Thomas, Telecoms Correspondent Google is taking Chrome mobile for the first time with the introduction of its web browser across the Android phone platform. The company promises to make surfing the web a seamless experience from desktop to &hell...
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...
Barclays Capital’s Ben Reitzes this morning offers some thoughts on the purported Apple (AAPL) television set, reflecting on the apparent disclosure by retailer Best Buy (BBY) of a “hypothetical” Apple set, as was related by The Verge’s Chris Ziegler. Reitzes notes the Consumer Electronics Association is forecasting growth of 3.7% this year in consumer electronics...
Longbow Research’s Joanne Feeney this morning raised her rating on Advanced Micro Devices (AMD) to Buy from Hold, with a $10 price target, writing that the company has “finally cleared the supple headwinds that constrained its performance in 2011.” 2012′s chip production capacity for AMD will be 50% hiher than it was in 2011, she...
Morgan Keegan’s Tavis McCourt this morning reports that after looking at data from all makers of phones who have reported for the quarter thus far, he concludes that Apple (AAPL) has increased the disparity by which it dominates handset revenue and profit, and the result seems to be something of a “recession” for the handset...
