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  • Comcast Rising: EVP Burke Questions Intent of HBO, CBS ‘Over the Top’ Initiatives…

    23 October 2014, 11:53 am by: Tiernan Ray

    Shares of Comcast (CMCSA) are up $1.57, or 3%, at $53.06, after the company this morning reported Q3 revenue a hair short of analysts’s estimates, but beat on the bottom line, and threw cold water on plans by HBO and CBS to offer Internet-based video…
  • Alibaba Rising: Barclays Starts at Buy; Chance to Boost Mobile Monetization

    23 October 2014, 11:05 am by: Tiernan Ray

    Shares of Alibaba Group Holding (BABA) are up $2.08, or 2%, at $93.71, after Barclays’s Alicia Yap initiated coverage of the shares this morning with an Overweight rating and a $107 price target, writing that the company has a number of valuable elements,…
  • GT Advanced Settles with Apple, Will Pursue ‘Technical Exchange’

    23 October 2014, 10:04 am by: Tiernan Ray

    Two weeks after filing for bankruptcy, former Apple (AAPL) supplier GT Advanced Technologies (GTATQ), the company this morning announced that it has reached an agreement with Apple to “wind down” the sapphire production it had been operating for Apple in…
  • Nokia Jumps 6% on Q3 Beat; Raises Network Equipment Profit View

    23 October 2014, 9:48 am by: Tiernan Ray

    Shares of Nokia (NOK) are up 41 cents, or almost 6%, at $8.35, continuing pre-market gains, after the company this morning beat Q3 expectations, and raised its profit outlook.  Revenue in the three months ended in September 41%, year over year, to €3.32…
  • Infinera Zooms 11%: CEO Fallon Looks to Be an Optical Survivor in a More Sober Age

    22 October 2014, 8:18 pm by: Tiernan Ray

    Shares of fiber optic networking company Infinera (INFN) were up $1.19, or 11%, at $11.80, in late trading, after the company this afternoon beat Q3 expectations and forecast year results higher as well. The company competes primarily with Ciena (CIEN),…
  • Tech Today: AT&T’s Profit Squeeze, YHOO’s Shield, EMC’s Deals

    22 October 2014, 6:40 pm by: Tiernan Ray

    Here are some things going on today in your world of tech: Two makes trend, or does it? AT&T (T) reported Q3 results tonight for the September quarter, following in the footsteps of Verizon Communications (VZ) yesterday morning. AT&T added 785,000…
  • ServiceNow Rising: Q3 Beats, Q4 View Beats

    22 October 2014, 5:39 pm by: Tiernan Ray

    Shares of cloud computing software operator ServiceNow (NOW) are up 93 cents, or 1.6%, at $ 59, in late trading, after the company this afternoon reported Q3 revenue and earnings per share that beat analysts’ expectations, and forecast better-than-expected…
  • Lam Research Slips: FYQ1 Beats, Q2 View Light

    22 October 2014, 5:19 pm by: Tiernan Ray

    Shares of chip equipment vendor Lam Research (LRCX) are down $2.02, or almost 3%, at $69.85, in late trading, after the company this afternoon reported fiscal Q1 revenue that met analysts’ expectations, and beat on the bottom line, but forecast this…
  • 8 x 8 Jumps 7%: Q3 Beats, Raises Year Outlook

    22 October 2014, 5:11 pm by: Tiernan Ray

    Shares of 8×8 (EGHT), the provider of hosted communications services for businesses, are up 45 cents, or almost 7%, at $7.15, after the company this afternoon reported fiscal Q2 revenue and earnings per share that beat analysts’ expectations. Revenue in…
  • Fortinet Rising: Q3 Revenue, EPS Beat

    22 October 2014, 4:53 pm by: Tiernan Ray

    Enterprise security vendor Fortinet (FTNT) this afternoon reported Q3 revenue and earnings that topped analysts’ expectations. Revenue in the three months ended in September rose 25%, year over year, to $193.3 million, yielding EPS of 12 cents . Analysts…
  • Polycom Surges 6%: Q3 Revenue, EPS Beat

    22 October 2014, 4:50 pm by: Tiernan Ray

    Shares of videoconferencing pioneer Polycom (PCLM) are up 71 cents, or 6%, at $12.13, after the company this afternoon reported Q3 revenue and earnings per share that topped analysts’ expectations. Revenue in the three months ended in September fell by two…
  • Infinera Surges 13%: Q3 Beats, Q4 View Beats (Update)

    22 October 2014, 4:46 pm by: Tiernan Ray

    Shares of telecom equipment vendor Infinera (INFN) are up 59 cents, or almost 6%, at $11.20, in late trading, after the company this afternoon reported Q3 revenue and earnings per share that topped consensus. Revenue in the three months ended in September rose…
  • Yelp Drops 14%: Q3 Beats, Q4 View Misses

    22 October 2014, 4:42 pm by: Tiernan Ray

    Shares of local listings and reviews provider Yelp (YELP) are down $9.98, or over 14%, at $60.25, in late trading, after the company this afternoon reported Q3 revenue and earnings per share that topped analysts’ expectations, but forecast revenue this…
  • AT&T Q3 Revenue, EPS Miss, Shares Slip; Cuts Year Growth View

    22 October 2014, 4:08 pm by: Tiernan Ray

    AT&T (T) this afternoon reported Q3 revenue and earnings per share that missed analysts’ expectations. Revenue in the three months ended in September rose to $32.96 billion, yielding EPS of 63 cents. Analysts had been modeling $33.22 billion and 64 cents…
  • Yahoo!: Bernstein Tempers Bearish View, Ups Target to $50, on Prospect of BABA Payout

    22 October 2014, 2:27 pm by: Tiernan Ray

    The report of better-than-expected Q3 results yesterday by Yahoo! (YHOO) has been a little overshadowed in the Street’s treatment today by its focus on comments regarding the company’s investment in Alibaba Group Holding (BABA).  In the conference call…
  • Cisco, Ciena: Verizon Points to Sustained Spending; AT&T Outlook On Tap

    22 October 2014, 2:16 pm by: Tiernan Ray

    Following Q3 results form Verizon Communications (VZ) yesterday morning, and in advance of AT&T (T) results this afternoon, telecom equipment analysts are sharpening their pencils to figure out what it means for their covered companies, names such as Cisco…
  • Yahoo! Jumps 6%: Mayer Defends Capital Stewardship; FBR Ups to Buy Citing BABA Tax Shield

    22 October 2014, 11:16 am by: Tiernan Ray

    Yahoo! CEO Marissa Mayer and CFO Ken Goldman share a moment after a very long investor question during the Q&A for Q3 earnings. Shares of Yahoo! (YHOO) are up $2.43, or 6%, at $42.61, after the company yesterday afternoon reported Q3 revenue and EPS that…
  • Broadcom Jumps 7% on Q3 Beat, Soft Q4 Rev View; What Chip Correction?

    22 October 2014, 10:34 am by: Tiernan Ray

    Shares of chip maker Broadcom (BRCM) are up $2.67, or 7.2%, at $40, after the company yesterday afternoon reported Q3 revenue of $2.26 billion and 91 cents, topping the consensus for $2.2 billion and 84 cents. The company forecast revenue of $2 billion to $2.2…
  • EMC Q3 EPS Misses; Splits JV with Cisco, But FBR Wants ‘Frustration’ Addressed

    22 October 2014, 10:04 am by: Tiernan Ray

    Shares of EMC (EMC) are down 61 cents, or 2.3%, at $26.59, after the company this morning reported Q3 results in line with consensus, and said it would buy out Cisco Systems’s (CSCO) shares of their joint venture, “VCE.” EMC reported revenue for the…
  • EMC Rising: Will Hold Press Event Tomorrow for ‘New Business Development’

    21 October 2014, 6:21 pm by: Tiernan Ray

    EMC (EMC) shares are up 53 cents, or almost 2%, at $27.73, in late trading, after the company this afternoon said it will host a press conference at 9:30 am, Eastern time, tomorrow morning to announce “a new business development.” The call is to be…

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