Tech Stocks

Juniper Networks’ Price Target From BMO Lifted to $30 From $29

Juniper Networks’ Price Target From BMO Lifted to $30 From $29

May 4, 2018 at 1:32 pm

Juniper Networks (JNPR) received a slight increase to its price target late Tuesday from BMO Capital Markets after the networking-technology company reported Q1 adjusted earnings per share and revenue above analysts’ expectations while forecasting Q2 results near the Street’s consensus estimates. The new price target from BMO is $30 per share, up from $29. This moves the target further aboveRead More

Tyler Technologies Slips Though Q1 Beats Estimates

Tyler Technologies Slips Though Q1 Beats Estimates

May 4, 2018 at 1:30 pm

Tyler Technologies (TYL) fell 2% after the company said Q1 sales rose 10.7% to $221.2 million from the year-ago period and topped the CapIQ mean for $219.4 million. Non-GAAP EPS rose 27.5% to $1.13 from last year and beat by a penny. Net income per share rose 15.4% to $0.95, a dime above forecasts. 2018 sales are seen between $933Read More

Spotify’s Q1 Revenue up Over Year Ago Levels but Below Expectations

Spotify’s Q1 Revenue up Over Year Ago Levels but Below Expectations

May 2, 2018 at 4:27 pm

Spotify (SPOT) reported Q1 revenue of EUR 1.139 billion, up 26% year-over-year, and below of the analyst consensus of EUR 1.29 billion. Loss for the quarter was EUR 1.01 per share, vs. a year ago loss of EUR 1.15 per share. Analysts were expecting a loss of EUR 0.47 per share, if comparable. The company noted it finished the quarterRead More

Square Q1 Results Top Expectations; Shares Fall After Hours

Square Q1 Results Top Expectations; Shares Fall After Hours

May 2, 2018 at 4:26 pm

Square (SQ) reported adjusted net income of $0.06 per share in Q1, a penny better than the consensus on Capital IQ and compared with the year earlier gain of $0.05 a share. The payments company’s stock was down about 5% in early after-hours trading. Adjusted revenue surged 51% to $307 million, ahead of the analysts’ views for $293.1 million. SquareRead More

Roku Jumps 6%, ESPN+ Available

Roku Jumps 6%, ESPN+ Available

April 18, 2018 at 2:16 pm

Roku (ROKU) rose almost 6% after the company said ESPN+ through the new ESPN channel on the Roku platform is available. This allows the Roku player and Roku TV users to access thousands of additional live events, on-demand content and original programming not available on ESPN’s linear TV or digital networks. ESPN+ is the first-ever multi-sport, direct-to-consumer premium subscription streamingRead More

CASI Falls 2% Even as Chinese Regulator Schedules Meeting for Review

April 5, 2018 at 1:11 pm

CASI Pharmaceuticals (CASI) shares dropped 2% on Thursday afternoon even after the company said it got a letter from the Center for Drug Evaluation (CDE), a group within China’s drugs regulator in charge of technical review, indicating that Evomela for injection has been scheduled for review by the Expert Advisory Anti-Tumor Drugs Committee. The meeting will take place between AprilRead More

Facebook in Relief Rally as CEO Zuckerberg & Deutsche Bank Soothe Nerves

Facebook in Relief Rally as CEO Zuckerberg & Deutsche Bank Soothe Nerves

April 5, 2018 at 1:03 pm

Shares of Facebook (FB) climbed more than 2% intraday day after Deutsche Bank analyst Lloyd Walmsley is reported to have reiterated a Buy rating and $200 price target on the company, saying he is “cautiously optimistic a bottom is in,” according to media reports. That comes as CEO Mark Zuckerberg told reporters, according to CNBC, that he had not seenRead More