News Breaks |
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| August 19, 2012 |
| 19:36 EDT |  | CSCO, OPLK, GME, FB, MRVL, QCOM, ZNGA, GRPN, LSI, PCLN, AVGO | Sluggish growth extends far beyond the PC giants, Barron's reports
Chip makers in the smartphone business have also struggled. Marvell Technology (MRVL) reported a 9% drop in revenue this past week, and is expected to see a 3% drop for its FY, after a 6% drop last year. Wireless chip vendor Avago Technologies (AVGO) had 0.5% revenue growth last quarter. Even the Internet darlings didn't deliver enough growth to satisfy investors. Groupon (GRPN), Facebook (FB), and Priceline.com (PCLN) all delivered double-digit year-over-year growth, only to see their stocks punished because such growth didn't live up to the loftiest expectations implied by their rich stock valuations. Internet games purveyor Zynga (ZNGA) recently reported 19% quarterly sales growth, only to slash its year revenue outlook. Some industries are just plain terrible -- such as, videogame retailer GameStop (GME), which had an 11% drop in revenue in the latest quarter, and a 27% drop in adjusted profit per share. Still, there have been some standout performers. Some of them are companies gaining market share -- they include chip maker LSI (LSI) and chip maker Qualcomm (QCOM) which saw 27.7% growth in its FQ3. Other pockets of strength include companies on the comeback trail, such as fiber-optics-component vendor Oplink Communications (OPLK). Bottom-line: Technology Trader columnist Tiernan Ray says: Cisco's (CSCO) not growing like smartphone champs such as Qualcomm, but it's not on the ropes the way Juniper is. And it's not priced for perfection like F5 or Facebook. Reference Link |
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News For MRVL;AVGO;GRPN;FB;PCLN;ZNGA;GME;LSI;QCOM;OPLK;CSCO From The Last 14 Days Check below for free stories on MRVL;AVGO;GRPN;FB;PCLN;ZNGA;GME;LSI;QCOM;OPLK;CSCO the last two weeks. |
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| May 21, 2013 |
| 15:40 EDT |  | GME | GameStop off lows after Microsoft says Xbox One will allow resale of games
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| 15:39 EDT | | GME | Microsoft says Xbox One will allow resale, trade-in of games, Bloomberg says
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| 15:24 EDT | | GME | Microsoft Xbox One seems to restrict used games, Kotaku says
Microsoft's (MSFT) Xbox One won't require an "always-on" Internet connection, but could very well block used games, Kotaku said, based on a company response given to a question posed by Wired. The Fly notes that GameStop (GME) shares are down 4.75% to $36.92 in late day trade following Microsoft's Xbox One event. Reference Link |
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| 15:17 EDT | | GME | GameStop at lows of session, down 3.5% to $37.42
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| 11:45 EDT |  | GME | GameStop May volatility elevated at 114 on sharp two-month rally into Q1
GameStop May call option implied volatility is at 114, June is at 47, July is at 39, October is at 38; compared to its 26-week average of 39 according to Track Data, suggesting larger near term price movement into the expected release ofQ1 results on May 23. |
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| 11:01 EDT |  | ZNGA | Zynga price target raised to $3.50 from $2.75 at Piper Jaffray
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| 08:38 EDT | | GME | GameStop price target raised to $46 from $35 at Sterne Agee
Sterne Agee believes that GameStop's shares could advance further, as the firm thinks that the company can generate significantly higher than expected earnings in the next few years. Sterne Agee keeps a Buy rating on the stock. |
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| 08:14 EDT | | PCLN | priceline.com price target raised to $900 from $800 at Cantor
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| 07:32 EDT |  | QCOM | CTIA–The Wireless Association to host a conference
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| May 20, 2013 |
| 13:01 EDT |  | CSCO | Cisco hits session lows, levels to watch
The shares are down nearly 2%, last at $23.76. At that price, next support is at $23.32. Resistance is at $24.34. |
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| 13:01 EDT | | PCLN | Priceline.com rises after analyst ups rating to Buy
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| 11:15 EDT | | PCLN | Priceline.com volatility at record low as shares rally to record high
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| 10:52 EDT | | FB | Facebook near session lows, levels to watch
The stock is drifting lower today, nearing session lows at $25.73. At that price, next support is at $25.33, the 1-month low. Resistance is at $26.25. |
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| 10:11 EDT |  | PCLN | On The Fly: Analyst Upgrade Summary
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| 09:40 EDT | | CSCO | Active equity option families trading
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| 08:38 EDT | | AVGO | Avago multiples poised to expand, says RBC Capital
RBC Capital expects Avago to report stronger than expected results but reiterate its guidance. The firm expects the stock's multiple to expand based on stronger mobile builds and share gains in improving markets. It keeps a $42 price target and Outperform rating on the stock. |
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| 07:42 EDT | | CSCO | Cohasset Associates to host a conference
National Conference on Managing Electronic Records is being held in Chicago on May 20-22. |
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| 07:32 EDT | | QCOM | Society for Information Display / IHS to host a conference
Display Week 2013 is being held in Vancouver, British Columbia on May 19-24. |
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| 07:00 EDT | | FB | New Facebook projects probably won't bear fruit soon, AllThingsD says
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| 05:51 EDT | | PCLN | priceline.com upgraded to Buy from Hold at Deutsche Bank
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