Tech Stocks

Whole Foods Offering Discounts, Sales For Amazon Prime Members as Grocery Wars Heat Up

Whole Foods Offering Discounts, Sales For Amazon Prime Members as Grocery Wars Heat Up

May 21, 2018 at 10:47 am

Whole Foods Market (WFM), recently acquired by Amazon (AMZN), said on Wednesday it would offer 10% off sale items and weekly discounts for Amazon Prime members, escalating the grocery stores war as expected. The discounts are already available at stores in Florida and will expand to all Whole Foods and Whole Foods 365 stories nationally this summer, the company saidRead More

Apple iPhone Seeing Steady May Sales as Canaccord Projects 3 New Models in September

Apple iPhone Seeing Steady May Sales as Canaccord Projects 3 New Models in September

May 21, 2018 at 10:45 am

Apple’s (AAPL) iPhone has seen steady sales and May, maintaining its leading position among top US networks and staying resilient even amid launches of new smartphones from rival Samsung, Canaccord Genuity said in a note on Wednesday. “We believe Apple continues to grow its leading market share of the premium-tier smartphone market with double-digit growth of its installed base andRead More

Novavax Jumps More Than 5.5% On Insider Buying

Novavax Jumps More Than 5.5% On Insider Buying

May 21, 2018 at 10:45 am

Novavax (NVAX) jumped more than 5.5% after a form 4 filing with the U.S. Securities and Exchange Commission showed CFO John Trizzino purchased 50,000 shares on May 14 at $1.6399 per share, bringing his beneficial ownership to 138,965 shares. In a separate Form 4 filing, Gregory Glenn, president of the firm’s research and development department, purchased 100 and 19,900 sharesRead More

Microsoft Reportedly To Launch Smaller, Low-Cost Tablet Line to Challenge Apple

Microsoft Reportedly To Launch Smaller, Low-Cost Tablet Line to Challenge Apple

May 21, 2018 at 10:44 am

Microsoft (MSFT) is planning to release a smaller, low-cost line of Surface tablets as soon as the second half of 2018 to vie for the market dominated by Apple (AAPL), Bloomberg News reported citing people familiar with the matter. The new devices will feature 10-inch screens, smaller than the 12-inch screens utilized on the Surface Pro laptop line. The tablets,Read More

Gamestop Gets Letter From Hedge Fund Tiger Managment Calling for Strategic Review

Gamestop Gets Letter From Hedge Fund Tiger Managment Calling for Strategic Review

May 21, 2018 at 10:43 am

Gamestop (GME) received a letter from hedge fund Tiger Management urging the video game retailer to conduct a strategic review amid management departures, CNBC reported Wednesday. “We view the recent management departures and crisis of confidence as an unprecedented opportunity for the board to launch a strategic review and revive shareholder confidence in the sustainability of the GameStop business model,”Read More

Cisco’s Transition to Recurring Revenue Model Progressing Slower Than Expected

Cisco’s Transition to Recurring Revenue Model Progressing Slower Than Expected

May 21, 2018 at 10:41 am

Cisco’s (CSCO) transition to a more recurring revenue model is progressing slower than expected, even with the addition of the subscription-based Catalyst 9K campus switch, BMO said. While the recurring revenue contribution from the Catalyst 9K is accelerating, it still remains small and the recent introduction of Arista’s campus switch portfolio could negatively impact the acceleration, the bank said. “OurRead More

Garmin Q1 Results Beat Street Forecasts

Garmin Q1 Results Beat Street Forecasts

May 4, 2018 at 1:34 pm

Garmin (GRMN) shares were up 1.6% in recent pre-market trade Wednesday after the GPS technology company reported Q1 earnings per share of $0.68, up from $0.52 in the year-ago quarter, and handily beating the Capital IQ consensus forecast of $0.57. Revenue for the quarter was $710.9 million, up from $641.5 million during the same period last year, and surpassing theRead More