Shares of Netflix, Inc.(NASDAQ:NFLX) are down more than 3% as reports of widespread outages are taking its toll on the stock. According to TechCrunch, the site was down for Xbox users, and also for those who stream the service on Windows and Mac, but is still working through Amazon Prime. The outages began earlier this morning and peaked around 10:00ET. At 10:45ET, Neflix released the following statement: “There were some technical problems earlier this morning that may have made it difficult for some members to stream. This lasted for about 30 minutes.” No word on what caused the problem, but Netflix…
Author: Mike Underwood
Intel Corporation (NASDAQ:INTC) is expected to report first quarter earnings after the close on Tuesday, April 15, with a conference call scheduled for 5:00 pm ET. Intel, a global semiconductor manufacturer, is a member of the Dow Jones Industrial Average. Analysts are looking for earnings per share of 37c on revenue of $12.81B. The consensus range is 34c-43c for EPS on revenue of $12.7B-$13.0B, according to First Call. Along with its last report, Intel said it expects Q1 revenue of $12.8B plus or minus $500M. The company guided toward a Q1 gross margin percentage of 59%, plus or minus “a couple…
Twitter Inc(NYSE:TWTR) announced in a corporate blog post that the company has agreed to acquire Gnip, a provider of social data and a long-standing Twitter partner. In the post, Twitter stated: “We believe Gnip has only begun to scratch the surface. Together we plan to offer more sophisticated data sets and better data enrichments, so that even more developers and businesses big and small around the world can drive innovation using the unique content that is shared on Twitter.” The lockup on 489M Twitter shares expires on May 5. Despite the recent statement that co-founders Jack Dorsey and Evan Williams, along…
West Corp(NASDAQ:WSTC) announced it has entered into an agreement to acquire Reliance Holding, d/b/a SchoolMessenger, a leading provider of notification and mobile communication solutions for the K-12 education market. SchoolMessenger will be a part of West’s Unified Communications business segment. Closing of this transaction, which is subject to customary closing conditions, is expected to occur during the second quarter. SchoolMessenger had revenue of approximately $27M in 2013. West expects this transaction to be slightly accretive in 2014 on an earnings per share basis, adjusted for deal-related amortization and expenses. Analysts have a consensus price target of $27 on West Corp(NASDAQ:WSTC) which…
Voxeljet AG (ADR)(NYSE:VJET) tumbled to a record low after the company said it’s pricing its public offering of three million American Depositary Shares (ADSs) at $15.00 each – a 19% discount to Thursday’s closing price of $18.55. Shares are now down 16% at $15.58, just above the new all-time low of $15.25. The provider of high-speed, large-format 3D printers and on-demand parts services said it has granted underwriters a 30-day option to purchase an additional 450,000 ADSs at the public offering price, less the underwriting discount, to cover over-allotments. The net proceeds to the company are estimated to be $41.4 million.…
Shares of marketing tools maker Constant Contact (NASDAQ:CTCT) are surging after the company reported preliminary first quarter revenue that exceeded analysts’ projection. Last night, Constant Contact reported that it expected first quarter revenue to be between $78.7M-$78.8M, while analysts consensus view was $77.34M. The company raised its FY14 revenue guidance to approximately $330M, while analysts consensus had been just above $323M. Constant Contact, which had previously seen FY14 revenue growth of more than 13%, said its current revenue guidance of $330M represents more than 15.5% year-over-year revenue growth. During Constant Contact’s conference call, the company said that its better-than-expected first quarter…
Shares of Barracuda Networks Inc(NYSE:CUDA) climbed more than 10% after an industry report said the company has the leading market share for integrated purpose build backup appliance (PBBA) units shipped worldwide. The report by the IDC Worldwide Quarterly Purpose Built Backup Appliance Tracker estimated Barracuda had a 53.5% market share for 2013, and finished 4Q with a 53.7% market share, the company announced. The company also announced it has expanded its Barracuda Backup-as-a-Service (BaaS) offering worldwide. In afternoon trading, CUDA was up 10.29% to $32.06. Analysts have a consensus price target of $29.33 on Barracuda Networks Inc(NYSE:CUDA) which indicates a .91% upside.…
Nokia Corporation (ADR) (NYSE:NOK) American Depositary Receipts are higher in U.S. pre-market trade after the company said its planned transaction to sell substantially all of its Devices & Services business to Microsoft (NASDAQ:MSFT) received regulatory approval from the Ministry of Commerce of the People’s Republic of China. Nokia (NYSE:NOK) was up pre-market 3.30%. The company has a 52-week high of 8.20 and a market cap of 26.80 billion. The stock trades on an average volume of 20.13 million shares and is 10% owned by institutions. Nokia and Microsoft have now received regulatory approvals from the People’s Republic of China, the European Commission,…
Google Inc (NASDAQ:GOOG), the largest Internet-search company is licensing hotel-booking software from Room 77 Inc., a start-up backed by Expedia Inc. (EXPE), according to a letter sent today to Room 77 shareholders that was obtained by Bloomberg News. Room 77 co-founder and Chief Technology Officer Calvin Yang and many of its engineers are joining Google, the letter said. Google Inc (NASDAQ:GOOD) traded in the range of 527.15 – 548.48 in the last trading session. the company has a 52 week high of 605.83. Google trades on average volume of 1.67M shares and has a market cap of 362.33 billion. The…
Twitter Inc. (NYSE:TWTR) said users of its Vine video application can now send their contacts private videos and other messages, stepping up competition with Facebook Inc. in the mobile-messaging market. Analysts have a consensus price target of $48 on Twitter (NYSE:TWTR) which indicates a 3.56% downside. The company last reported earnings on February 5th and posted an actual EPS of $0.02 against the ($0.01) consensus estimate. Facebook Inc (NASDAQ:FB) fell more than 5% to end at $59.49 yesterday, marking its lowest settlement since before its Jan. 30 bull gap. The shares — dancing around break-even in early action — are…
Convenience-story chain operator the Pantry (NASDAQ:PTRY) named Thomas W. “Tad” Dickson, the former CEO of Harris Teeter Supermarkets, as its new chairman. Dickson, who already had been on the board, succeeds Edwin J. Holman, who had been chairman since September 2009. The move comes after Holman and two other directors last month weren’t re-elected to the board following a proxy fight won by investors JCP Investment Management and Lone Star Value Management. Holman had received the least number of votes out of 12 nominees to the nine-member board. Dickson left Harris Teeter, a regional supermarket chain in the southeastern and…
For the first time as a public company, Inogen reported fourth-quarter results after the close on Thursday, March 27. Revenue of $19.8 million was higher than our estimate of $18.6 million and the Street’s $18.5 million estimate. Rental sales for the fourth quarter were $8.6 million and direct sales totaled $10.9 million (42% and 45% growth year-over-year, respectively). EPS came in at $0.01 versus our $0.02 target. Both rental and direct sales were higher than our estimates, by roughly $0.8 million and $0.3 million, respectively. Rental patient additions were in line with our estimate at about 2,000 net new patients. While…