Many thought that BlackBerry Ltd (NASDAQ:BBRY) would be acquired by a major player following the loss of market share and the success of its competitors. However, it has proven resilient, and will remain an individual player with the help of partnerships. While the mobile provider has in the past received offers for an acquisition, CEO John Chen considers that there have been none in recent times and says he is looking for partnerships and not acquisition offers. Chen is an experienced CEO, having turned profits at Sybase, which had posted several years of losses before he took over. Indeed, he has…
Author: Daniel Curran
Following a recent security breach, which resulted users having to change their passwords as well as a warning that their stock earning will be lower for the quarter, eBay Inc (NASDAQ:EBAY) is making a comeback. Devin Wenig, the President of eBay Inc (NASDAQ:EBAY) marketplaces, said in an interview on Bloomberg’s “In the Loop” that the security breach is now fast becoming a thing of the past, and that most of the customers had changed their passwords, so that they were “only a few months behind.” He went on to explain that the company did what they thought was the best…
QUALCOMM, Inc. (NASDAQ:QCOM), the San Diego-based semiconductor company, is facing difficulties collecting its royalties in China, for its chips that are used in smartphones made in China, due to Beijing’s tough stance on monopolies and royalty payments. Gordon Chang, author of ‘The Coming Collapse of China’, discussed in an interview on ‘Bloomberg West’ about issues faced by Qualcomm in China. The Chinese handset manufacturers are now waiting to see how tough Beijing will get, so Qualcomm is finding it hard to sign up anyone to pay their royalties. QUALCOMM, Inc. (NASDAQ:QCOM) is placed very badly, because 69% of its revenue comes…
MICROS Systems, Inc.(NASDAQ:MCRS) went up in late trading follwing the company posting financial results for Q3 above expectations. Shares jumped by 5.43% at $54.7, while the 52-week range is $41.35 – $59.46. The Q3 GAAP earnings of Micros amounted to $50.3 million, equal to $0.66 per share, up from $44.34 million or $0.55 per share posted a year ago. Non-GAAP net income went up to $54.9 million or $0.72 per share, compared with $49.62 million or $0.62 per share in the same quarter a year ago. Revenue amounted to $349 million, up 10.7% and above the analysts estimate of $330.98 million. Constant Contact Inc(NASDAQ:CTCT) posted…
Social media site owner Facebook Inc. (NASDAQ:FB) gained ground on Thursday, settling with investors following an announcement of a focus on mobile made during the F8 developer conference. The CEO of the company, Mark Zuckerberg, stated in his keynote the ability to use Facebook to access third-party apps without providing personal data, which was not possible before. In addition Facebook apps will be able to ‘communicate’ among them to enhance mobile experience. Facebook’s price was at $62.28 earlier Thursday, gaining around 3% in afternoon trading, moving above the middle of its 52-week range of $22.67 to $72.59. The consensus price…
After Lifelock Inc(NYSE:LOCK) posted a higher than expected increase in the number of members and Pacific Crest considers the company’s conversion is getting better. The analyst believes that the company’s high number of gross additions will be able to raise its market cap by 15%-20%. Therefore Pac Crest has a $20 price target and and ‘Outperform’ rating on the stock. Yesterday, the company reported better-than-expected financial results for the first quarter; the company also reported mixed guidance for the next quarter and guidance for fiscal 2014 in line with the estimates. Lifelock, which is a provider of proactive identity theft protection services reported…
As the Wall Street Journal reported, Amazon.com, Inc. (NASDAQ:AMZN) plans to expand its same-day delivery service by allowing later ordering times for guaranteed delivery in some regions. Starting today, Amazon will also add Dallas and San Francisco to the cities where the service is available. Amazon will expand its same-day shipping service by allowing later ordering times for guaranteed delivery in some places, the Wall Street Journal. Beginning today, Amazon will also add Dallas and San Francisco to the cities where the service is available. Analysts have a consensus price target of $412 on Amazon.com, Inc. (NASDAQ:AMZN) which indicates a 35%…
Facebook Audience Network will allow developers to run ads on their apps, sold by Facebook, using Facebook’s data. Facebook’s Audience Network will allow monetization of iOS and Android apps with Facebook ads. After integrating the SDK, advertisers can use more than 50 targeting options on the social media website in order to get to their audience inside the apps. The consensus price target for Facebook Inc. (NASDAQ:FB) stands at $74.11, which indicates a 24% premium above the current price. Moreiver, the consensus rating of the stock is ‘Buy’, having a score of 2.80. Among analysts, there are eight ‘Hold’ ratings and…
For the second quarter of its fiscal year, Viacom, Inc. (NASDAQ:VIA) reported earnings that beat analysts’ expectations, while revenue was largely in-line with the Street view. The entertainment content company said adjusted earnings in the quarter ended March 31 rose by 13% to $1.08 per diluted share, beating $1.05 average estimate from analysts at Capital IQ. Revenue grew by 1% on the year to $3.17 billion compared to a consensus of $3.2 billion. Unadjusted earnings jumped to $502 million or $1.13 per diluted share from $478 million or $0.96. Separately, Viacom said earlier it is buying Channel 5 Broadcasting in the U.K.…
Brightcove Inc (NASDAQ:BCOV) moved higher in late trading after the company reported better-than-expected financial results for Q1 and provided mixed guidance for Q2 and fiscal 2014. The provider of cloud-based solutions for publishing and distributing professional digital media reported Q1 net loss of $4.8 million, or $0.16 per basic and diluted share, compared with a net loss of $4.2 million, or $0.15 per basic and diluted share, for the same quarter in 2013. Non-GAAP net loss of the company, excluding stock-based compensation expense, the amortizations of acquired intangible assets, and merger-related expenses, was $500,000 for the quarter, equal to $0.02 per…
Dreamworks Animation Skg Inc (NASDAQ:DWA) says Q1 sales were $147.2 million, topping the Thomson Reuters mean for $137.23 million. It lost $0.51 per share, including an impairment charge of $57 million related to the performance of Mr. Peabody & Sherman in the worldwide theatrical market. Estimates, usually less items, were for a loss of $0.14. In a note to investors earlier today, Janney Capital analyst Tony Wible wrote that two of DreamWorks upcoming films, “Penguins” and “Dragon 2,” will be hits that will help it sustain its average performance. Early tracking data on Dragon is “very encouraging,” and the Peabody charge was…
STMicroelectronics NV (ADR) (NYSE:STM) shares were up more than 2% Tuesday after reporting a smaller Q1 net loss than analysts were expecting although its quarterly revenue came up shy of projections. The Swiss specialty chip-maker posted an adjusted net loss of $0.03 per share, improving on a $0.19 loss in the year-ago period and beating the Capital IQ consensus by $0.01 per share. Revenue fell 9.2% over the same period last year to $1.83 billion, lagging estimates by around $20 million. Excluding its legacy ST-Ericsson products, sales grew 0.7% year-over-year, STM said. The company also is projecting Q2 revenue to decline…