MKS Instruments, Inc.(NASDAQ:MKSI) shares fell in late trading after the technologies provider gave Q2 EPS and sales guidance that fell short of analysts’ expectations. The company forecast Q2 non-GAAP EPS to range between $0.21 and $0.35 per share, and sales to range from $160 to $180 million. Wall Street expected $0.39 per share in earnings and $192.4 million in revenue for the second quarter, according to Capital IQ data. The shares retreated 3.3% to $28.03 in after-hours trading. The stock had lost 0.8% at $29.00 at the close of regular trading. For the first quarter, MKS reported better-than-expected EPS and sales. Non-GAAP EPS…
Author: Erik Witlen
Netflix Inc., (NASDAQ:NFLX) shares are down 4.5% to $356 after news earlier today that Amazon.com (AMZN) had signed a content deal with HBO, inlcuding some exclusives. At current price next support is at $350.24. Resistance is at $362.49. Analysts have a consensus price target of $369.71 on Netflix Inc., (NASDAQ:NFLX) which indicates a 5.98% upside. The consensus rating of the stock is a HOLD with a score of 2.26. There are currently 23 Hold Ratings, 4 sell ratings and 15 Buy ratings on the stock. The most recent analyst action consisted of Oppenheimer upgrading the stock from Market Perform to Outperform…
Shares of Facebook Inc. (NASDAQ:FB) are climbing after Credit Suisse upgraded the stock in a note to investors last night. Credit Suisse analyst Stephen Ju now expects Facebook to obtain more revenue, on average, from each of its users than the firm had previously anticipated. New products that Facebook is developing should enable the company to obtain more revenue over the medium to long term without boosting its ad loads, the analyst contends. Sterne Agee expects the social networking company will beat consensus estimates for $2.13 billion in ad revenue when the company reports Q1 results this week, helped by market share…
American depositary receipts of VimpelCom Ltd (ADR)(NASDAQ:VIP) rose in recent pre-market trading Monday, after the telecommunications company Friday said its 52%-owned subsidiary Global Telecom Holding agreed to sell its 51% stake in Orascom Telecom Algerie to Algerian Fonds National d’Investissement for $2.64 billion. Orascom Telecom will distribute a dividend of $1.86 billion to Global Telecom before the closing of the transaction by the end of 2014. The total dividends and proceeds due to GTH at closing are expected to amount to $4.0 billion, net of all taxes and after the settlement of all outstanding disputes between the parties and the payment…
On a company blog, Microsoft Corporation(NASDAQ:MSFT), citing data from NPD Group, said that in March it sold 311,000 Xbox One units. The company said it sold an average of 2.9 games per console. In March, Microsoft also sold 111,000 Xbox 360 units, and across the combined Xbox platforms, the company sold 4.1M games. Since launching Xbox One in November, the company has sold more than 5M consoles. Analysts have a consensus price target of $37.28 on Microsoft Corporation(NASDAQ:MSFT) which indicates a 6.34% downside. The consensus rating of the stock is a HOLD with a score of 2.24. There are currently…
Jefferies raised its price target for SanDisk Corporation(NASDAQ:SNDK) shares to $95 saying the company’s strong Q1 results show the relevance of the NAND spot market has diminished. The firm expects a higher level of price stability to move shares of SanDisk (SNDK) and peer Micron (MU) higher. It reiterates a Buy rating on SanDisk. Analysts have a consensus price target of $78 on SanDisk Corporation(NASDAQ:SNDK) which indicates a 31% upside. The consensus rating of the stock is a BUY with a score of 2.50. There are currently 11 Hold Ratings, 14 Buy ratings and 2 Sell ratings on the stock. Brean…
Some notable analyst actions this morning include Citigroup upgrading its rating on Yelp Inc(NYSE:YELP) to Buy from Neutral citing the recent pullback in shares and the company’s large total addressable market. Citi keeps a $76 price target for the stock. Analysts have a consensus price target of $87.24 on Yelp Inc(NYSE:YELP) which indicates a 29% upside. The consensus rating of the stock is a BUY with a score of 2.59. There are currently 12 Hold Ratings and 17 Buy ratings on the stock. B. Riley downgraded Intel Corporation(NASDAQ:INTC) to Neutral citing a lack of second half of 2014 catalysts following the company’s…
Google, Inc.(NASDAQ:GOOGL) said that it would use Titan Aerospace’s drone satellites to take photos of the Earth and connect people to the Internet, according to The New York Times. Google announced yesterday that it would buy Titan. Analysts have a consensus price target of $675 on Google, Inc.(NASDAQ:GOOGL) which indicates a 24.85% upside. The consensus rating of the stock is a BUY with a score of 2.75. There are currently 1 Hold Rating and 3 Buy ratings on the stock. Jefferies raised its price target for Google shares to $700 ahead of the company’s Q1 results on Wednesday and it keeps…
Horizon Technology Finance Corp(NASDAQ:HRZN) announced that in connection with the United States Bankruptcy Court-approved sale of substantially all of the assets of Xtreme Power, Horizon has successfully exited its investment in Xtreme. Robert D. Pomeroy, Jr., Chairman and CEO of Horizon, stated, “We are pleased to reach a successful exit of our investment in Xtreme, our second resolution of a non-accrual account over the past month. The sale of Xtreme’s assets has provided a full recovery of Horizon’s investment including all principal, interest and fees, resulting in a realized internal rate of return on the transaction of 17.7%. As we continue…
Netflix Inc., (NASDAQ:NFLX) streaming speeds on Comcast (CMCSA) surged 65% last month versus February after the two companies made a streaming deal, according to The Verge. Analysts have a consensus price target of $359.71 on Netflix Inc., (NASDAQ:NFLX) which indicates a 6.42% upside. The consensus rating of the stock is a HOLD with a score of 2.26. There are currently 23 Hold Ratings, 4 sell ratings and 15 Buy ratings on the stock. The most recent analyst action consisted of Oppenheimer upgrading the stock from Market Perform to Outperform on April 7th, 2014. Vevo, a company owned primarily by Vivendi’s (VIVHY)…
Herbalife Ltd (HLF) is rebounding following a sharp sell-off late Friday as analysts and bloggers take to their keyboards following Friday’s report that the nutritional supplement company is under criminal investigation by the U.S. Department of Justice. Herbalife Ltd. (NYSE:HLF) followed with a statement that they have “no knowledge of any ongoing investigation by the DOJ or the FBI.” Technical focus from Trade Ideas LLC likes the stock as a “dead cat bounce” based on trading action that shares were down big yesterday but up big today, plus other proprietary factors, as reported by The Street. However, several analysts contributing to…
The director of the Federal Trade Commission’s Bureau of Consumer Protection notified Facebook Inc. (NASDAQ:FB) and WhatsApp about their obligations to protect the privacy of their users in light of Facebook’s proposed acquisition of WhatsApp.In a letter to the two companies, Bureau Director Jessica Rich noted that WhatsApp has made clear privacy promises to consumers, and that both companies have told consumers that after any acquisition, WhatsApp will continue its current privacy practices. “We want to make clear that, regardless of the acquisition, WhatsApp must continue to honor these promises to consumers. Further, if the acquisition is completed and WhatsApp…