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  • 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…
  • Veeva Jumps 12%: FYQ2 Beats; Q3 View Beats; Raises Year View

    28 August 2014, 4:20 pm by: Tiernan Ray

    Life sciences cloud software vendor Veeva Systems (VEEV) this afternoon reported fiscal Q2 revenue and earnings per share that topped analysts’ expectations, forecast this quarter’s results higher as well, and raised its outlook for year revenue and…
  • Avago Rising: FYQ3 Beats, Q4 Rev View Beats

    28 August 2014, 4:13 pm by: Tiernan Ray

    Wireless chip maker Avago Technologies (AVGO) this afternoon reported fiscal Q3 revenue and earnings per share that topped analysts’ expectations, and offered an upbeat revenue forecast for the current quarter. Revenue in the three months ended in July…
  • Splunk Jumps 9%: FYQ2 Rev Beats, Surprise Profit; Raises Year View

    28 August 2014, 4:04 pm by: Tiernan Ray

    Big data and data analytics software maker Splunk (SPLK) this afternoon reported fiscal Q2 revenue that topped analysts’ expectations, and delivered a surprise profit where analysts had been expecting a net loss, offered a Q3 revenue view that topped…
  • FireEye, Palo Alto Top Security Picks at Stifel; SYMC, CHKP, FTNT a Hold

    28 August 2014, 3:31 pm by: Tiernan Ray

    Shares of network security technology vendor FireEye (FEYE) are up 45 cents, or 1.5%, at $29.90, after Stifel Nicolaus‘s Gur Talpaz today initiates coverage of the group, giving FireEye and Palo Alto Networks (PANW) Buy ratings, and price targets of $45…
  • Tech Today: T-Mobile Up on Renewed Chatter, Pondering Apple Suppliers, Cheers for Workday

    28 August 2014, 1:18 pm by: Tiernan Ray

    Here are some things going on today in your world of tech: It appears talk of a T-Mobile US (TMUS) deal are back on the table: Bloomberg’s Cornelius Rahn and Aaron Kirchfeld report this afternoon that parent Deutsche Telekom (DTE) is open to selling the…
  • Apple Sets Sept. 9 Media Event in Cupertino

    28 August 2014, 12:06 pm by: Tiernan Ray

    It’s finally official: after weeks of rumors, Apple (AAPL) just sent an invitation to media to attend an event at the Flint Center for the Performing Arts in Cupertino for September 9th.  The graphic, a pale gray, stylized version of the Apple logo, carries…
  • GT Advanced: Raymond James Says Sell; Too Many Unknowns for Pricey Stock

    28 August 2014, 11:59 am by: Tiernan Ray

    Shares of materials technology provider GT Advanced Technologies (GTAT) are down 73 cents, or almost 4%, at $17.85, after the supplier to Apple (AAPL) was cut to Underperform from Market Perform by Raymond James’s Pavel Molchanov, who argues the boost from…
  • Hynix: Fear Not Samsung Threat, Apple Must Buy Lots of RAM, Says Credit Suisse

    28 August 2014, 11:42 am by: Tiernan Ray

    DRAM chip maker SK Hynix’s (000660KS) shares should be bought on recent weakness, urges Credit Suisse’s Keon Han, as fears of Samsung Electronics (005930KS) stealing away Hynix’s Apple (AAPL) business are overblown. Han, who has an Outperform rating…
  • Smartphones Slowing, Says IDC, But Emerging Markets Still on a Tear

    28 August 2014, 11:18 am by: Tiernan Ray

    Research firm IDC today wants you to know that growth in smartphones is still “strong” despite a slowing of sales in mature markets.  The firm doesn’t make any specific predictions about Apple (AAPL) or Samsung Electronics (005930KS), or other…
  • Workday Slumps Despite Multiple Price Target Increases; Financials Show Progress

    28 August 2014, 11:04 am by: Tiernan Ray

    Shares of cloud computing software vendor Workday (WDAY) are down $1.75, or 1.9%, at $88.55, after the company yesterday afternoon beat fiscal Q2 expectations and forecast this quarter’s, and raised its full-year revenue outlook above consensus.  There…
  • Alcatel: Bernstein Ups to Buy; Option Value in Possible Merger with Nokia or Wireless Divestiture

    28 August 2014, 10:28 am by: Tiernan Ray

    Alcatel-Lucent’s (ALU) American Depository Receipts are unchanged this morning at $3.36 after the stock got mixed treatment from the research community, with Bernstein Research’s Pierre Ferragu raising his rating on the shares to Outperform from Market…
  • Apple’s iPhone 6, China Tightening, Among Chip Woes, Say BlueFin

    27 August 2014, 8:02 pm by: Tiernan Ray

    Analysts Barry Danaher, Paul Peterson, and and Steve Mullane of boutique firm BlueFin Research Partners today added another bunch of data points to their negative view of the semiconductor market, following a long piece yesterday in which they opined chip…

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