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Stock Market & Financial Investment News

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 19, 2013
18:59 EDTCSCOCisco looks the best out of tech comeback stocks, Barron's says
Cisco (CSCO), Intel (INTC), and Microsoft (MSFT) stocks have jumped this month, however, Intel and Microsoft's revenue growth declined, due to their reliance on the PC market, providing Cisco with an opportunity to pull ahead in the technology sector, Barron's contends in its Technology Trader column. Cisco looks moderately priced, the paper adds. Reference Link
17:10 EDTFBFacebook's Waze deal being held up by move from Israel, NY Post says
Facebook’s negotiations to buy mapping firm Waze are being held up as founders of Waze, based in Israel, are holding out for more money, the NY Post says. Citing sources, the Post says that Waze founders want more money if they are going to be forced to move from Israel to Silicon Valley as part of the deal. Reference Link
May 17, 2013
16:00 EDTCSCOOptions Update; May 17, 2013
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14:03 EDTCSCOMarket set to finish week with gains after Cisco results, comments
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11:59 EDTCSCOOptions with decreasing implied volatility: ILMN LO A HES INFY CSCO
07:35 EDTCSCOAruba Networks downgraded to Hold from Buy at Stifel
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07:08 EDTMRVLMarvell Technology volatility elevated into Q1 and revenue outlook
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06:51 EDTFBFacebook volatility at low end of historic range
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06:36 EDTFBGoogle to add new apps to Google Glass, NY Times says
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06:35 EDTCSCOStocks with implied volatility below IV index mean; CSCO MBI
Stocks with implied volatility below IV index mean; Cisco (CSCO), MBIA (MBI) according to IVolatility.
May 16, 2013
16:29 EDTCSCOOn The Fly: Closing Wrap
Stocks on Wall Street were lower following some disappointing economic data and a hint from a regional Fed president that the central bank may taper its easing program in the coming months. The averages traded in a narrow range for much of the session before moving lower in the final hour of trading. Comments by San Francisco Fed president John Williams late in the afternoon, suggesting that the central bank may begin slowing its bond buying pace by the summer, may have spurred the late session selling. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares added $2.66, or 12.54%, to $23.87 to lead the blue chip index after the company's results beat expectations on the top and bottom lines. Wal-Mart fell $1.36, or 1.7%, to $78.50 after its first quarter earnings sand second quarter outlook missed the consensus forecast... Tesla Motors (TSLA) last night announced a stock and debt offering of more than $800M, with CEO Elon Musk announcing his intent to buy $100M of the offering, and shares of the electric car maker added $7.36, or 8.67%, to $92.20. MAJOR MOVERS: Among notable gainers was Aegerion (AEGR), up $14.73, or 31.37%, to $61.70 after the company said its Juxtapid treatment may have a $1B global market opportunity and at least two analyst firms raised their price targets on its shares. Also higher was Constellation Brands (STZ), up $1.52, or 3.03%, to $51.76 after the stock was upgraded at Stifel and ISI Group. Among noteworthy losers following analyst downgrades were AMD (AMD), which fell 55c, or 12.56%, to $3.83 after Goldman downgraded the stock to Sell, and CSC (CSC), which slid $2.12, or 4.74%, to $42.59 after being cut to Hold at Deutsche Bank. Also lower following its quarterly report was NetQin Mobile (NQ), down 72c, or 7.5%, to $8.88. INDICES: The Dow was down 42.47, or 0.28%, to 15,233.22; the Nasdaq was down 6.38, or 0.18%, to 3,465.24; and the S&P 500 was down 8.31, or 0.50%, to 1,650.47.
15:27 EDTPCLNpriceline.com slips lower in late-day trading, levels to watch
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14:01 EDTCSCOOptions Update; May 16, 2013
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12:24 EDTCSCOOn The Fly: Midday Wrap
The S&P 500 was virtually unchanged at midday following a deluge of domestic economic data this morning. The S&P began the session in negative territory, but only moderately lower, after investors received a host of data prior to the open, including reports on jobless claims, consumer prices, and housing starts. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares advanced 12% to lead the blue chip index after the company's results beat expectations on the top and bottom lines and prompted price target increases at several analyst firms. Wal-Mart, in contrast, lagged all Dow names, sliding 2% after its earnings for the just ended quarter and its view of the current quarter missed the consensus forecast... After the closing bell, Tesla Motors (TSLA) said it intends to raise about $830M by offering 2.7M common shares and $450M in convertible senior notes. CEO Elon Musk will buy $100M worth of the stock and debt, the company said, and its recently high-flying shares rose another 6%. MAJOR MOVERS: Among the notable gainers rising following Cisco's better than expected results and commentary were Ciena (CIEN), which rose 8%, and Cavium (CAVM), which advanced 4%. Also higher were shares of NetApp (NTAP), which gained over 6% after Bloomberg said activist investor Elliott Management has taken a stake in the company and is pushing its board to explore ways to boost shareholder value. Among the noteworthy losers were Oncothyreon (ONTY), which fell 20%, and Biomarin (BMRN), down 5%, after both pharmaceutical companies, among a number of others, published data to be presented at ASCO, an annual meeting of oncologists. Also lower was AMD (AMD), which declined 14% following a downgrade to Sell at Goldman Sachs. INDICES: Near noon, the Dow was up 12.47, or 0.08%, to 15,288.16; the Nasdaq was up 8.74, or 0.25%, to 3,480.36; and the S&P 500 was nearly flat at 1,658.80.
10:44 EDTCSCOCisco results give boost to semiconductor names
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10:09 EDTGRPNGroupon co-CEO thinks revenue can grow to $100B annually, BI reports
Groupon co-CEO Ted Leonsis told Business Insider he believes the company can eventually generate $100B of revenue per year, according to an interview published last night. Reference Link
09:48 EDTCSCOCisco gaps up and spikes higher in early trading following results
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09:36 EDTCSCOActive equity option families trading on open
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09:19 EDTCSCOOn The Fly: Pre-market Movers
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09:04 EDTMRVL, CSCO, AVGOCisco results positive for semiconductors space, says Brean Capital
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09:00 EDTCSCOCisco rises 12.9%
Cisco is up 12.9%, or $2.73, to $23.94
08:18 EDTCSCOCisco price target raised to $28 from $25 at Goldman
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08:14 EDTCSCOCisco price target raised to $27 from $25 at FBN Securities
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08:14 EDTCSCOBofA/Merrill's tech analysts hold an analyst/industry conference call
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08:13 EDTCSCOCisco shares should rise further, says Sterne Agee
Sterne Agee believes that Cisco outlined a more upbeat outlook after the company reported Q3 results that the firm views as strong and provided in-line Q4 EPS guidance. The firm keeps a Buy rating on the stock.
07:15 EDTCSCOCisco execution, environment improving, says RBC Capital
After Cisco reported stronger than expected Q3 results, RBC Capital believes that the company's business has rebounded. The firm thinks the company's Q4 guidance was better than feared, and it keeps an Outperform rating on the stock.
07:07 EDTCSCOCisco results positive for communications semi space, says William Blair
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06:23 EDTCSCOCisco price target raised to $26 from $24 at Wunderlich
Wunderlich raised its price target for Cisco following the company's better than expected Q3 results and continues to recommend the stock with a Buy rating.
05:59 EDTFBHigh tech firms involved in immigration battle, WSJ reports
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05:57 EDTFBFacebook implied volatility at lower end of index mean range
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May 15, 2013
19:34 EDTCSCOOn The Fly: After Hours Movers
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17:46 EDTFB, AVGOSAC Capital gives quarterly update on stakes
NEW STAKES: Discovery (DISCA), Liberty Global (LBTYA), Liberty Media (LMCA), Norwegian Cruise Line (NCLH), and Cubist (CBST). INCREASED STAKES: Suncor (SU), EQT Corporation (EQT), Amazon.com (AMZN), Visa (V), and GNC Holdings (GNC). DECREASED STAKES: News Corp. (NWSA), Facebook (FB), Sherwin-Williams (SHW), and Avago (AVGO). LIQUIDATED STAKES: Coach (COH), Dover (DOV), and Virgin Media (VMED), .
17:15 EDTCSCOCisco up $1.82, or 8.58%, to $23.03 as Q3 conference call continues
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16:58 EDTCSCOCisco sees Q4 non-GAAP gross margins to be approximately 61%-62%
16:55 EDTCSCOCisco continues to see company specific challenges in China
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16:54 EDTCSCOCisco sees Q4 EPS 50c-52c, consensus 51c
Sees Q4 revenue growth 4%-7% YoY, consensus $12.5B. Guidance taken from company's Q3 earnings conference call.
16:51 EDTCSCOCisco says Q3 public sector business grew 5%
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16:46 EDTCSCOCisco sees SP CapEx spending continuing to be challenged
This information is from the company's Q3 earnings conference call.
16:42 EDTCSCOCisco reports Q3 total non-GAAP gross margin 63% vs.63.1%
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16:41 EDTCSCOCisco Q3 services revenue grew 7%
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16:09 EDTCSCOCisco Q3 cash flows from operations $3.1B vs. $3B a year ago
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16:09 EDTCSCOCisco trades higher after results, first look
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16:06 EDTCSCOCisco reports Q3 EPS 51c, consensus 49c
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15:11 EDTCSCONotable companies reporting after market close
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12:47 EDTCSCOEarnings Preview: Cisco shares moving in narrow range ahead of Q3 report
Cisco (CSCO) is set to report Q3 earnings after the market closes on Wednesday, May 15, with a conference call scheduled for 4:30 pm ET. Cisco manufactures and sells IP-based networking products and services. EXPECTATIONS: Analysts are looking for EPS of 49c on revenue of $12.18B, according to First Call. The consensus range for EPS is 47c-51c on revenue of $12.05B-$12.29B. On its Q2 earnings conference call, the company said it sees Q3 adjusted EPS 48c-50c on revenue growth of 4%-6% year-over-year. The company also said it sees Q3 adjusted gross margin approximately 61%-62%, and non-GAAP operating margin of 26.5%-27.5%. LAST QUARTER: Cisco reported Q2 EPS of 51c against estimates for 48c on revenue of $12.1B against estimates for $12.06B. In mid-March, Cisco was found not to have infringed patents held by VirnetX (VHC), and on March 22, Bloomberg reported that Cisco was ordered to pay $70M in fraud damages to XpertUniverse. On March 28, the company announced a 3c increase in its dividend to 17c per share. On April 3, Cisco announced its intent to acquire Ubiquisy, a provider of 3G and LTE small-cell technologies, for $310M, and the transaction is expected to close in Q4. STREET RESEARCH: Street research has been mixed on Cisco, with shares of the company losing more than 3% on March 21 following a downgrade to Underperform from Market Perform at FBR Capital. With its March 21 downgrade, FBR cut its price target on shares of Cisco to $17 from $22, saying the company would be challenged to offset declining routing and switching demand. Earlier this week, however, FBR reversed its March call, upgrading Cisco to Market Perform from Underperform and bumping its price target to $19. Earlier this week, Piper Jaffray said it expects Cisco to report Q3 EPS in-line with estimates, though the firm lowered its revenue estimates for the company. In its note, Piper said macro headwinds will offset favorable data center and switching demand, leaving Cisco with a mixed Q3 report, though the firm reiterated its Overweight rating and $25 price target on shares. Coverage on Cisco shares was also initiated by at least two firms during the quarter, with Cowen initiating coverage with an Outperform rating earlier this month and Northland Securities initiating coverage on Cisco with an Outperform rating and a $25.50 price target the day after Cisco's Q2 report. PRICE ACTION: Shares of Cisco have traded in a narrow range between $20-$22 per share since its Q2 report, gaining a scant 0.4%. Shares of Cisco, which are up about 8% year-to-date, are near flat in afternoon trading ahead of its Q3 report.
11:13 EDTGRPNOptions with decreasing implied volatility: MM GMCR GRPN THRX SGMO
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10:35 EDTZNGA, GRPNGroupon, Zynga advance after hedge fund reports new stakes
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09:58 EDTGRPN, ZNGAJana Partners reports new stakes in Groupon, Zynga
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08:33 EDTCSCOCisco May volatility elevated into Q3 and outlook
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07:35 EDTLSIJPMorgan to host a conference
41st Annual Global Technology, Media & Telecom Conference is being held in Boston on May 14-16 with webcasted company presentations to begin on May 15 at 8 am; not all company presentations may be webcasted. Webcast Link
05:59 EDTFBCorporate boards recruit newcomers with digital knowledge, WSJ reports
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May 14, 2013
17:48 EDTFB, QCOMLone Pine gives quarterly update on stakes
NEW STAKES: Valeant Pharmaceuticals (VRX), Virgin Media (VMED), Thermo Fisher Scientific (TMO), CME Group (CME), and Liberty Media (LMCA). INCREASED STAKES: Mead Johnson Nutrition (MJN), News Corp (NWSA), Intuitive Surgical (ISRG), Monsanto (MON), and Qualcomm (QCOM). DECREASED STAKES: Cognizant Technology Solutions (CTSH), Equinix (EQIX), Ralph Lauren (RL), Disney (DIS), and Oceaneering International (OII). LIQUIDATED STAKES: Facebook (FB), Crown Castle (CCI), Accretive Health (AH), Informatica (INFA), and NetEase (NTES).
13:21 EDTGME, ZNGATake-Two rises after results beat expectations
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11:44 EDTGRPNOptions with decreasing implied volatility: GRPN MAKO GMCR EZCH SGMO
10:07 EDTGRPNGroupon introduces Breadcrumb point-of-sale app for iPad
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06:07 EDTFBAT&T may drop HTC Facebook phone, Bloomberg reports
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05:53 EDTFBWeb browsers are being reinvented, WSJ reports
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May 13, 2013
15:45 EDTZNGAOptions Update; May 13, 2013
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12:17 EDTFBFacebook's Waze deal hits snag, BGR reports
Facebook's acquisition of social navigation company Waze has hit some complications, said BGR, citing a report from the Israeli newspaper Calcalist. The main area of contention is Facebook's desire to close Waze’s Israel-based R&D center and transfer several employees to the U.S., the report said. Reference Link
10:09 EDTCSCOOn The Fly: Analyst Upgrade Summary
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07:34 EDTCSCOCisco upgraded to Market Perform from Underperform at FBR Capital
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07:31 EDTCSCOBrightcover to host a conference
3rd Annual Brightcove PLAY Global Customer Conference is being held in Boston on May 13-15.
07:09 EDTCSCOCisco finds difficulties as it diversifies, WSJ reports
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07:04 EDTCSCOCisco May volatility elevated at 59 into Q3 and outlook
Cisco May call option implied volatility is at 59, June is at 28, July is at 25; compared to its 26-week average of 26 according to Track Data, suggesting larger near term price movement into the expected release of Q3 results after the market close on May 15.
07:02 EDTCSCOCisco Q3 results likely to be mixed, says Piper Jaffray
Piper Jaffray expects Cisco to report in-line Q3 earnings and margins on May 15, but lowered its revenue estimate for the quarter as it believes demand in April was challenging. However, the firm sees limited share downside from current levels and reiterates an Overweight rating on the stock with a $25 price target.
06:40 EDTFB Facebook Home not very popular so far, AllThingsD says
Less than 1M people have downloaded Facebook's (FB) new Android app, Facebook Home, since the app was released about a month ago, AllThingsD reported Friday afternoon, citing statements by the social network. As far as popularity is concerned, the app is "not exactly a home run," AllThingsD stated. On the other hand, it is only currently available for five devices that use Google's (GOOG) Android operating system, the website added. Reference Link
06:05 EDTCSCOOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: U.S. companies are on track to raise the most money through IPOs since before the financial crisis, driven by the same thirst for risk among investors that has pushed the stock market to new highs. Already this year, 64 U.S.-listed public offerings have raised $16.8B, according to Dealogic, the Wall Street Journal reports...Cisco Systems (CSCO) shares fell this time last year after executives warned their biggest corporate customers were ordering less equipment. If history repeats itself this week, the networking giant will join a dreary but growing club (IBM, JNPR), the Wall Street Journal reports...REUTERS: Japan's Nikkei share average surged to a new 5-1/2-year high today as the weakening yen further bolstered exporters, while brokerage shares attracted buyers who see growing volume bringing in much more fee income, Reuters reports...China's factory output growth was surprisingly muted in April, darkening the outlook for the Chinese economic recovery and feeding expectations that the government may take policy action to support activity. Annual industrial output grew 9.3%, up from 8.9% in March but still missing market expectations for a 9.5%, Reuters reports...BLOOMBERG: Wall Street’s major bond dealers are beginning to forecast that the Treasury Department will lower the size of its debt auctions in coming months for the first time in three years as government revenue soars, Bloomberg reports...The largest overseas bet on Indian consumers is spurring speculation that companies from Nestle (NSRGY) to Colgate-Palmolive (CL) will pursue more deals in a nation where household income is forecast to triple this decade, Bloomberg reports.
May 12, 2013
13:44 EDTFBFacebook's general counsel leaving company, AllThingsD says
Facebook’s general counsel Ted Ullyot is leaving the company to take some time off. Ullyot will be leaving in July and the search for his replacement will include internal and external candidates, says AllThingsD. Reference Link
May 10, 2013
14:52 EDTGRPN, PCLNMarket poised to end week higher as tech helps lead advance
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11:59 EDTGRPNOptions with decreasing implied volatility: GRPN DGIT BMC BAX TRIP
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10:53 EDTFBFacebook adds Facebook Home launcher to more Android phones, androidcentral says
Facebook (FB) has added the Facebook Home launcher to a number of smartphones using Google's (GOOG) Android operating system, including Samsung's (SSNLF) Galaxy S4 and the HTC One, androidcentral reported last night. Reference Link
08:50 EDTCSCOCisco EPS could reach $3 in medium term, says Pacific Crest
Pacific Crest believes that Cisco has multiple drivers that could enable its EPS to reach $3 in the medium term. The firm thinks the stock's valuation appears overly bearish and it keeps an Outperform rating on the shares.
08:30 EDTPCLNpriceline.com Q2 guidance not a cause for concern, says Cantor
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07:27 EDTPCLNpriceline.com valuation highly attractive, says RBC Capital
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07:03 EDTPCLNpriceline.com price target raised to $850 from $800 at Piper Jaffray
Piper Jaffray raised its price target for priceline.com following the company's Q1 results and maintains an Overweight rating on the stock. Piper believes priceline.com's Q2 guidance is conservative and sees potential for margin expansion in the second half of 2013.
07:02 EDTPCLNpriceline.com price target raised to $924 from $886 at Credit Suisse
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06:34 EDTPCLNpriceline.com price target lowered to $715 from $745 at Deutsche Bank
Deutsche Bank says it remains on the sidelines with regards to priceline.com shares given expectations for decelerating growth and margin compression in Q2. The firm lowered its price target for shares to $715 from $745 following the company's Q1 results and keeps a Hold rating on the name.
May 9, 2013
18:52 EDTPCLNOn The Fly: After Hours Movers
UP AFTER EARNINGS: Ubiquiti Networks (UBNT), up 11.6%... Unilife (UNIS), up 10.8%... Sequenom (SQNM), up 9.8%. DOWN AFTER EARNINGS: priceline.com (PCLN), down 3.2%... Allscripts (MDRX), down 6.1%... Air Lease (AL), down 10%. ALSO LOWER: Affymax (AFFY), down 11% after disclosing in a regulatory filing that its financial position may prevent it from continuing operations... Discovery Labs (DSCO), down 8.5% after filing to sell common stock... magicJack (CALL), down 6.4% after naming a new CFO.
16:10 EDTPCLNpriceline.com sees Q2 EPS $8.87-$9.45, consensus $9.58
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16:03 EDTPCLNpriceline.com reports Q1 EPS $5.76, consensus $5.26
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15:27 EDTPCLNNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include priceline.com (PCLN), consensus $5.27; Public Storage (PSA), consensus $1.62; NVIDIA (NVDA), consensus 10c; CareFusion (CFN), consensus 53c; Assured Guaranty (AGO), consensus 68c; Medivation (MDVN), consensus (41c); Great Plains Energy (GXP), consensus 12c; Salix Pharmaceuticals (SLXP), consensus 68c; Air Lease (AL), consensus 38c; Sotheby's (BID), consensus (12c).
14:45 EDTGRPNGroupon management to meet with Sterne Agee
Field trip to company headquarters to be held in Chicago on May 13 hosted by Sterne Agee.
13:29 EDTPCLNPriceline.com May 740 weekly straddle priced for 5.5% move into Q1
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12:12 EDTQCOM, FBLeon Cooperman names Facebook, Qualcomm as stock picks
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11:31 EDTGRPNOptions with decreasing implied volatility: BMC TPX DGIT GRPN WTW
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11:12 EDTPCLNKAYAK, priceline.com say all needed regulatory approvals received for merger
KAYAK Software (KYAK) and priceline.com (PCLN) announced that all necessary regulatory approvals have been obtained and that the closing date of the proposed merger of KAYAK with priceline.com has been scheduled for May 21. In accordance with the merger agreement, the election deadline for KAYAK stockholders to specify the type of consideration they wish to receive will be 5:00 pm, Eastern Time on May 14, which is the date that is 5 business days preceding the scheduled closing date.
10:29 EDTPCLNPriceline.com May 735 weekly straddle at $45 vs. $59 from a year ago into Q1
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09:46 EDTGRPNGroupon spikes higher after results, price target bump
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09:27 EDTQCOMFCC likely to forward Qualcomm push for satellite airwaves, WSJ reports
Qualcomm (QCOM) has been lobbying the Federal Communications Commission since 2011 to free up airwaves used by the satellite industry for use in in-flight Internet and FCC commissioners are likely to vote Thursday in favor of opening the issue to public comment, reported The Wall Street Journal, citing agency officials. Reference Link
09:19 EDTGRPNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Tesla (TSLA), up 23.7%... Green Mountain (GMCR), up 14.5%... Groupon (GRPN), up 14.1%... Walter Investment (WAC), up 6.1%... News Corp. (NWSA), up 3.9%... ALSO HIGHER: Barnes & Noble (BKS), up 29.4% after TechCrunch says Microsoft (MSFT) may buy Nook Media assets for $1B... Oil States (OIS), up 4.2% after David Einhorn recommends shares at investor conference... MGM Resorts (MGM), up 1.2% following upgrade to Buy at Sterne Agee. DOWN AFTER EARNINGS: Rackspace (RAX), down 21.6%... Monster Beverage (MNST), down 9.8%... McDermott (MDR), down 8.3%... Activision Blizzard (ATVI), down 7.1%. ALSO LOWER: Seagate (STX), down 3.4%, and Western Digital (WDC), down 2.2% after negative mention of both by Jim Chanos at Sohn conference.
07:27 EDTGRPNGroupon price target raised to $9 from $7 at Piper Jaffray
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06:47 EDTPCLNPriceline.com May weekly volatility elevated at 149 into Q1
Priceline.com May weekly call option implied volatility is at 149, May is at 53, June is at 32, July is at 28; compared to its 26-week average of 34 according to Track Data, suggesting larger near term price movement into the expected release of Q1 results today after the market close.
06:17 EDTFBFacebook smartphone discounted to 99c at AT&T, NY Post reports
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05:50 EDTQCOMSamsung using its own parts to cut costs, WSJ reports
Samsung Electronics's (SSNLF) newsest smartphone, the Galaxy S 4, takes advantage of its chip- and display-manufacturing prowess to get its material costs closer to Apple's (AAPL) costs for the iPhone 5, reports the Wall Street Journal. Reference Link
05:22 EDTFBFacebook in talks to acquire Waze for about $1B, Reuters reports
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May 8, 2013
19:06 EDTGRPNOn The Fly: After Hours Movers
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16:15 EDTGRPNGroupon reaffirms FY13 GAAP operating income will exceed $100M
16:11 EDTGRPNGroupon sees Q2 revenue $575M-$625M, consensus 616.41M
Groupon anticipates incremental investments of between $15M and $30M in customer incentives and marketing in the second quarter 2013. As a result, for the second quarter 2013, revenue is expected to be between $575M and $625M, and operating income excluding stock compensation and acquisition-related expenses is expected to be between $20M and $40M. Stock compensation is expected to be approximately $30M, and tax expense is expected to be approximately $25M. This outlook assumes no acquisitions or investments, or material changes in foreign exchange rates. Groupon reaffirms its guidance that full year 2013 GAAP operating income will exceed $100M.
16:08 EDTGRPNGroupon reports Q1 EPS 3c, consensus 3c
Reports Q1 revenue $601.4M, consensus $588.92M.
11:06 EDTGRPNGroupon May 5 weekly straddle priced for 15% move into Q1
09:50 EDTCSCOPacific Crest has more questions than answers on Fusion-io
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09:09 EDTAVGOFinisar not primary source for Arista's 100G Optics, says Jefferies
Jefferies says its channel checks indicate that contrary to recent reports, Avago (AVGO), not Finisar (FNSR), is the current primary source for the board mounted optics used in Arista's new 7500E switch. Further, Jefferies' channel checks indicate steep price erosion at 100G. The firm reiterates an Underperform rating on shares of Finisar with a $7.50 price target.
07:40 EDTGRPNGroupon May weekly volatility elevated at 215 into Q1 and profit outlook
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07:18 EDTCSCOLockheed Martin to host a conference
13th Annual Information Technology Day is being held in Kennewick, Washington on May 8.
07:11 EDTFBTarget uses Facebook to see if deals attract shoppers to stores, Reuters reports
Target (TGT) is rolling out a service that combines social networking and discounts to attract shoppers into its physical stores. The company’s program relies on shoppers using their Facebook (FB) accounts, and they can only redeem the offers they choose in Target's U.S. stores, not online, reports Reuters.Reference Link
06:05 EDTFBOn the Fly: Periodicals Wrap-Up
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May 7, 2013
18:34 EDTFBFacebook settles litigation with Timelines, Bloomberg says
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15:41 EDTQCOMQualcomm CEO says a lot of 'runway' left in smartphone growth
Comment made on CNBC interview.
10:54 EDTFBMedia buyers upping budgets for FBX, site, search retargeting, eMarketer says
More media buyers are planning to increase their investments in site, search and Facebook Exchange re-targeting, according to eMarketer, citing a survey by media-buying platform Chango. Reference Link
09:26 EDTGMEGameStop price target raised to $44 from $35 at SunTrust
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07:35 EDTCSCOCisco initiated with an Outperform at Cowen
07:26 EDTGMEGameStop price target raised to $43 from $36 at Piper Jaffray
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07:08 EDTPCLNPriceline.com May weekly volatility elevated at 91 into Q1
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06:21 EDTQCOMQualcomm elects Jonathan Rubinstein to board of directors
Qualcomm (QCOM) announced the election of Jonathan Rubinstein to its Board of Directors. Rubinstein brings more than 30 years of experience in the mobile, computing and consumer electronics industries to the position, and he last served as senior vice president of Product Innovation for Hewlett-Packard Company (HPQ) until January 2012.
06:00 EDTZNGAZynga implied volatility at low end of index mean range
05:55 EDTGRPNStocks with implied volatility movement; QCOR GRPN
Stocks with implied volatility movement; Questcor (QCOR), Groupon (GRPN) according to iVolatility.
May 6, 2013
19:05 EDTFBSenate passes bill allowing states to tax Internet purchases, AP reports
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14:06 EDTFBFacebook to launch video advertising in newsfeed, FT reports
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13:37 EDTFBYahoo a possible takeover target for Facebook, analyst says
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13:09 EDTFBYahoo initiated with a Buy at Tigress Financial
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10:43 EDTFBFacebook management to meet with Pacific Crest
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10:23 EDTLSILSI Corp. initiated with a Buy at Topeka
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10:00 EDTFBFacebook falls back through $28, levels to watch
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08:32 EDTGRPNGroupon May weekly volatility elevated at 155 into Q1 growth outlook
Groupon May weekly call option implied volatility is at 155, May is at 91, June is at 71, July at 64, October is at 58; compared to its 26-week average of 73 according to Track Data, suggesting large near term share price movement into the expected release of Q1 on May 8.
08:05 EDTPCLNpriceline.com should be bought on any weakness due to guidance, says Stifel
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07:31 EDTCSCOUBM Tech to host a conference
Interop is being held in Las Vegas on May 6-10.
06:46 EDTQCOMQualcomm implied volatility at low end of index mean range
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05:57 EDTGRPNGroupon guidance likely below expectations, says Piper Jaffray
Piper Jaffray expects Groupon to report March quarter results in-line with expectations, but feels the company's revenue outlook for the June quarter is likely to miss estimates due to eCommerce seasonality. However, Piper thinks international and take rate stabilization could offset some of the negative guidance and keeps an Overweight rating on Groupon shares into the company's results on May 8.
05:46 EDTGMEExecutives benefit as companies increase buybacks, WSJ reports
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