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  • 3D Systems: Needham Trims Estimates, but Impressed with Simbionix

    2 September 2014, 5:11 pm by: Tiernan Ray

    Needham & Co.’s James Ricchiuti today reiterated a Buy rating on shares of 3-D printer maker 3D Systems (DDD), but cut his price target to $65 from $70, after trimming estimates to reflect the acquisition of of Israeli firm Simbionix, which makes virtual…
  • GrubHub Files Prospectus for 13% Follow-on Offering

    2 September 2014, 4:35 pm by: Tiernan Ray

    Shares of online restaurant orders purveyor GrubHub (GRUB) are down 53 cents, or 1.4%, at $38.79, in late trading, after the company this afternoon filed the formal prospectus with the Securities & Exchange Commission that it announced a week ago.…
  • Guidewire Surges 10%: FYQ4 Revenue, EPS Beat

    2 September 2014, 4:24 pm by: Tiernan Ray

    Shares of insurance software maker Guidewire (GWRE) are up $4.73, or  over 10%, at $50.55, after the company this afternoon reported fiscal Q4 results that topped analysts’ estimates. Revenue for the three months ended in July rose 22%, year over year,…
  • Concur Surges12%: Bloomberg Says Shopping Itself to Oracle, SAP, Others

    2 September 2014, 4:18 pm by: Tiernan Ray

    Shares of Concur Technologies (CNQR), which makes expense accounting software for corporations using cloud computing technology, are up $21.18, or over 20%, at $122.13, after Bloomberg Television a short while ago reported the company may be exploring a sale.…
  • Flextronics Up 6%: Holders Approve up to 20% in Buybacks (Correction)

    2 September 2014, 4:09 pm by: Tiernan Ray

    Shares of contract manufacturer Flextronics (FLEX) are up 65 cents, or almost 6%, at $11.75, in late trading, after the company said its shareholders approved repurchase of as much as 20% of its stock, and that its board approved purchase of up to $500…
  • Tech Today: Apple Confirms iCloud Incident, Samsung’s Slump, Arista Applause

    2 September 2014, 3:54 pm by: Tiernan Ray

    Here are some things going on today in your world of tech: Following reports over the weekend that photos of celebrities were stolen from Apple‘s (AAPL) iCloud online service, the company this afternoon issued a statement on the matter, saying that a…
  • Samsung: Resting on Their Laurels, Says Macqaurie; Stock at Trough Multiple, Says Susquehanna

    2 September 2014, 12:53 pm by: Tiernan Ray

    Analysts today were reflecting on Samsung Electronics’s (005930KS) mobile devices slump, though bulls argue there is little downside to the stock at a recent ₩1,194,000. All this comes as Samsung gets ready to hold a mobile product unveiling in New York…
  • Apple: Most Exciting New Launches, Says Cantor; Hard to Find Upside, Says Nomura

    2 September 2014, 12:23 pm by: Tiernan Ray

    Folks, this is what makes a market: There’s some difference of opinion, however minor, between different Apple (AAPL) analysts as we roll toward the company’s media event next Tuesday, September 9th, at which the company is expected to unveil new iPhones,…
  • Arista: SunTrust Starts at Buy, $100 Target; Good Prospects Despite Cisco Dominance

    2 September 2014, 12:11 pm by: Tiernan Ray

    Shares of networking equipment Arista Networks (ANET) are up 97 cents, or 1.2%, at $84.82, after SunTrust Robinson Humphrey’s Inder Singh this morning initiated coverage of the stock with a Buy rating and a $100 price target, writing that the company…
  • Apple: Stifel, RBC Upbeat on Prospects for Mobile Payments Debut

    2 September 2014, 11:46 am by: Tiernan Ray

    Ahead of Apple’s (AAPL) media event next Tuesday, September 9th, the Street is somewhat pre-occupied with the notion that new iPhones unveiled will include a mobile payments, or mobile wallet function. Last Friday brought a piece from The Financial…
  • Groupon: RBC Ups to Hold; 43% Decline Has Shaved the Stock Multiple

    2 September 2014, 11:20 am by: Tiernan Ray

    Shares of daily Internet deals purveyors Groupon (GRPN) are up 17 cents, or 2.5%, at $6.97, after RBC Capital Markets’s Mark Mahaney this morning raised his rating on the shares to Sector Perform from Underperform, and raised his price target to $6 from $5,…
  • Apple: Piper Ups Target to $120, Warns of iPhone 6 First-Weekend Sales Comparison

    2 September 2014, 11:09 am by: Tiernan Ray

    Shares of Apple (AAPL) are up $1.07, or 1%, at $103.57, and earlier hit a new lifetime high of $103.74, after Piper Jaffray’s Gene Munster reiterated an Overweight rating and raised his price target to $120 from $105, writing that the company is about to…
  • Avago Points to Much Higher iPhone Builds, Says Raymond James

    29 August 2014, 5:36 pm by: Tiernan Ray

    Following better-than-expected fiscal Q3 results from communications chip maker Avago Technologies (AVGO) yesterday afternoon, and a better-than-expected view for this quarter, Raymond James‘s Tavis McCourt, who follows Apple (AAPL), argues the report…
  • Facebook: Google History Implies Estimates Too Low, Says RBC

    29 August 2014, 5:17 pm by: Tiernan Ray

    RBC Capital Markets Internet analyst Mark Mahaney this afternoon reiterates an Outperform rating on shares of Facebook (FB), and a $92 price target, writing that estimates are way too low given how Google (GOOGL) performed at a similar time in the its…
  • Tech Today: Splunk, Avago, Veeva Surge, OmniVision Sinks, Cheers for DDD

    29 August 2014, 2:48 pm by: Tiernan Ray

    Here are some things going on today in your world of tech: Shares of NXP Semiconductors (NXPI) are higher by $2.22, or 3.3%, at $69.18, after The Financial Times’s Tim Bradshaw, Sarah Mishkin and Daniel Thomas wrote this morning that the company’s chips…
  • OmniVision Slips Despite FYQ2 Beat: Buyout Uncertainty Steals the Show

    29 August 2014, 11:48 am by: Tiernan Ray

    Shares of smartphone camera sensor maker OmniVision Technologies (OVTI) are down 12 cents, or 0.4%, at $27.06, despite last night beating fiscal Q2 expectations and also forecasting this quarter’s results higher. Profit in the quarter was bolstered by a…
  • Avago Surges 9%: Price Targets Zoom; iPhone 6 and China Now the Foci

    29 August 2014, 11:29 am by: Tiernan Ray

    Shares of communications chip maker Avago Technologies (AVGO) are up $6.54, or almost 9%, at $82.90, after the company yesterday afternoon beat fiscal Q3 expectations, and offered a better-than-expected view for this quarter. While Avago is in the process of…
  • Tablets: IDC Cuts Forecast, But Still a Category in Demand

    29 August 2014, 11:11 am by: Tiernan Ray

    Another day, another bad data point for tablet computers: research firm IDC this morning declared it has cut its growth rate for the category almost in half, to 6.5% from 12.1%, or 233.1 million units, mostly because growth is not holding up in mature markets.…
  • Splunk Surges 15%: FYQ2 Trounces Competitive Concerns; Street Debates Price Cuts

    29 August 2014, 10:55 am by: Tiernan Ray

    Shares of big data and data analytics software vendor Splunk (SPLK) are up $6.97, or 15.4%, at $52.26, after the company yesterday afternoon reported fiscal Q2 revenue that beat analysts’ estimates, and delivered a surprise profit per share where the Street…
  • OmniVision Rising: FYQ1 Beats, Q2 View Beats

    28 August 2014, 4:24 pm by: Tiernan Ray

    Camera sensor maker OmniVision Technologies (OVTI) this afternoon reported fiscal Q1 revenue and earnings per share that topped analysts’ expectations, and forecast this quarter’s results higher as well. Revenue in the three months ended in July rose…

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