1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) is lower after the company reported financial results for Q3, or the quarter ended March 30, 2014, that fell short of analysts’ expectations, and provided guidance for fiscal 2014. Shares are down 8.56% at $5.02 with a 52-week range of $4.53 – $7.17. The company, which delivers fresh flowers and a selection of gift items reported a Q3 net loss from continuing operations attributable to FLWS of $1.4 million or $0.02 per share, compared with a gain of $3.1 million or $0.05 per share in the prior-year period. Analysts polled by Capital IQ were expecting a loss per…
Author: Daniel Curran
Techne Corporation (NASDAQ:TECH) reported financial results for Q3, or the quarter ended March 31, 2014, that topped analysts’ expectations, and declared a quarterly dividend. The developer and manufacturer of biotechnology products and hematology calibrators and controls reported Q1 $31.6 million or $0.85 per diluted share, compared with $33.12 million or $0.90 per share in the prior-year period. Adjusted earnings for the quarter were $34.7 million or $0.94 per diluted share, compared with $32.46 million or $0.88 per share in the same period the prior year. The Capital IQ analyst estimate is for $0.89 EPS. Revenue was $95.55 million, up 18% from…
Cytokinetics, Inc.(NASDAQ:CYTK) shares have plunged 62% to $4.96 in the pre-market session after the biopharmaceutical company said top-line results of a clinical trial of Tirasemtiv did not achieve its primary efficacy endpoint. CYTK’s Tirasemtiv is a potential treatment for diseases and conditions associated with aging, muscle weakness and neuromuscular dysfunction. “Patients with ALS desperately need new therapeutic alternatives to slow the course of their disease and loss of function,” said CYTK CEO Robert Blum. “We stand with the ALS community in our disappointment that [the trial] did not achieve its primary efficacy endpoint.” Secondary efficacy analyses of the effect of Tirasemtiv on…
Citigroup lowered its price target for Amazon.com, Inc. (NASDAQ:AMZN) shares to $414 after the company’s Q2 sales guidance came in below its expectations at the mid-point. Citi keeps a Buy rating on the stock. Amazon was also downgraded to Outperform from Strong Buy at Raymond James. Analysts have a consensus price target of $417 on Amazon.com, Inc. (NASDAQ:AMZN) which indicates a 26% upside. The consensus rating of the stock is a BUY with a score of 2.74. There are currently 6 Hold Ratings, 25 Buy ratings, 1 Strong Buy ration and 2 Sell ratings on the stock. A recent analyst action…
In an analyst note released by Cantor Fitzgerald today, the firm said Amazon.com, Inc. (NASDAQ:AMZN)’s deal with Time Warner Inc (NYSE:TWX) to bring select HBO content to Prime helps the service narrow the gap with Netflix Inc., (NASDAQ:NFLX). The firm views the deal as a headline negative for Netflix, but Cantor still believes Netflix and Prime are complementary services. Cantor estimates the deal’s value at $200M to 400M per year, which is not cheap but can be justified by the recent price hike for Amazon’s Prime service. Analysts have a consensus price target of $417 on Amazon.com, Inc. (NASDAQ:AMZN) which indicates a 26% upside. The…
AOL, Inc.(NYSE:AOL) and Miramax announced an agreement to bring critically acclaimed, full-length films to U.S. viewers, culminating in the launch of a new Movies experience that will be featured across The AOL On Network. Spanning a range of genres that will include Miramax iconic cult classics, comedies, awarded dramas as well as family and foreign films, this premium, long-form content will now be available to stream free-of-charge across all AOL On experiences including mobile, desktop, and connected devices, all viewed within the Miramax channel. Analysts have a consensus price target of $51 on AOL, Inc.(NYSE:AOL) which indicates a 17% upside.…
Innovative Solutions & Support Inc(NASDAQ:ISSC) announced that the board has approved a stock repurchase program, effective as of May 1, pursuant to which the Company may repurchase up to 250,000 shares of its common stock. The program will remain in effect until May 1, 2015, unless extended by the board. This program will replace the Company’s previous stock repurchase program, which will expire on May 1. Storage industry innovators FalconStor Software, Inc.(NASDAQ:FALC) and X-IO Technologies announced they have signed a reseller agreement. Effective immediately, the agreement allows X-IO’s global network of resellers to package and sell FalconStor Network Storage Server. By combining…
Shares of Facebook Inc. (NASDAQ:FB) are climbing after the Re/code website reported that the company plans to launch a new mobile ad network later this month. According to sources, Facebook will introduce its plans for its mobile ad network at its “F8″ developer conference at the end of the month. Meanwhile, JMP Securities analyst Ronald Josey raised his Q1 estimates for the stock in a note to investors earlier today. After speaking with agencies and marketers, Josey now believes that the company’s ad revenue reached $2.15B last quarter, a 73% increase versus the same period a year earlier. The company’s investments are…
Piper Jaffray expects Apple Inc.(NASDAQ:AAPL) to report March quarter results towards the high end of the company’s guidance range on Wednesday. Piper, however, believes Apple will guide the high end of June quarter revenue to 5% year-over-year growth versus consensus expectations for 8% growth. The firm says it remains positive on shares with an Overweight rating and $640 price target. AAPL has a 50 day moving average of $530 and a 200 day moving average of $530 as well. The company has a p/e ratio of 12.9 and a p/e growth ratio of .64. Apple’s current market cap stands at…
According to a Bloomberg report, Apple Inc.(NASDAQ:AAPL) is planning to unveil a song-discovery feature in an update of its iOS mobile software that will let users identify a song and its artist using an iPhone or iPad, said two people with knowledge of the product, who asked not to be identified because the feature isn’t public. Analysts have a consensus price target of $593 on Apple Inc.(NASDAQ:AAPL) which indicates a 14% upside. The consensus rating of the stock is a BUY with a score of 2.71. There are currently 9 Hold ratings, 2 Sell ratings and 30 Buy ratings on the…
Various analysts weighed in on Intel Corporation(NASDAQ:INTC) after the company reported earnings this week. Jefferies raised its price target for Intel shares to $35 following the company’s Q1 results and keeps a Buy rating on the stock. Wells Fargo says that Intel’s gross margin for its March quarter beat expectations, while the company guided for sequential revenue growth for its June quarter. The firm thinks the company is making some headway in penetrating the tablet market, and keeps an Outperform rating on the shares. Deutsche Bank raised its price target for Intel shares to $30 citing the company’s “solid” Q1 results. The…
Yahoo! Inc. (NASDAQ:YHOO) is seeking to convince Apple (NASDAQ:AAPL) to make Yahoo its default search engine on its Safari browser for iPhone and iPad, replacing Google (NASDAQ:GOOG), reports Re/code, citing sources inside Yahoo. Yahoo announced today the nomination of three new members to the company’s board. Shareholders will vote on the nominees at the company’s Annual Meeting on June 25. The nominees are David Filo, co-founder, Yahoo! Inc. and Chief Yahoo; Charles R. Schwab, chairman and a director of The Charles Schwab Corporation (SCHW); and H. Lee Scott, Jr., former President and Chief Executive Officer, Walmart (WMT). Analysts have a consensus…