Technology Stocks Opens Tuesday Session Mixed

Technology Stocks Opens Tuesday Session Mixed

Technology shares were mixed as the regular session started Tuesday. In technology stocks news, Mentor Graphics (MENT) was up marginally after it said in a Securities and Exchange Commission filing the U.S. Federal Trade Commission granted early termination, effective immediately, of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for Siemens’ pending acquisition of the company. And, Spark Networks (LOV) was up 1% after a former executive said […]

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Rogers Communications Partners with Comcast to Deploy X1 Video Platform

Rogers Communications Partners with Comcast to Deploy X1 Video Platform

Rogers Communications said pre-market Friday it partnered with Comcast (CMCSA) to provide its customers in Canada with a “best-in-class” video experience by deploying Comcast’s X1 internet protocol-based video platform. The Canadian communications and media firm plans to launch the service in early 2018. Rogers Communications interim CEO Alan Horn said, “we’re bringing our customers a world-class IPTV service with the most advanced features available in the market today. On top […]

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Qualcomm Plans to Collaborate With Alphabet’s Google

Qualcomm Plans to Collaborate With Alphabet’s Google

Qualcomm said Tuesday its subsidiary, Qualcomm Technologies, intends to collaborate with Alphabet’s Google to add support for the new Android Things operating system (OS) in Qualcomm Snapdragon processors. Shares of Qualcomm climbed more than 2% intraday. Android Things is a new vertical of Android designed for Internet of Things (IoT) devices, the company said in a statement. By using their expertise in Android and Snapdragon processors to support the development […]

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Xerox Targets Margin Expansion

Xerox Targets Margin Expansion

Xerox shares were slightly higher in recent pre-market trade after the company said it is targeting an expansion in its operating margins to between 12.5% 1o 14.5% in the near term by delivering at least $1.5 billion cumulative gross productivity and cost savings by 2018 from a strategic transformation program. The company, which is splitting into two separately publicly traded entities by year-end, said “new Xerox” aims to increase the […]

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Technology Stocks Mostly Firmer In Pre-Market Trade

Technology Stocks Mostly Firmer In Pre-Market Trade

Technology shares were mostly firmer in pre-market trade on Monday. ┬áIn technology stocks news, Orbotech (ORBK) was up 4.9% after it said it received an order worth $61 million for its inline and offline inspection and testing solutions from BOE Technology Group, a Chinese maker of flat panel displays. Orotech’s testing solutions will be used for the mass production of flat panel displays for very large size televisions. And Citrix […]

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Qualcomm Plans to Support Amazon Web Service’s New Greengrass Platform Across Portfolios

Qualcomm Plans to Support Amazon Web Service’s New Greengrass Platform Across Portfolios

Qualcomm said Wednesday that its subsidiary, Qualcomm Technologies, will support Amazon’s (AMZN) Amazon Web Services Greengrass platform across a variety of its portfolios. The Greengrass platform is set to expand AWS Internet of Things and Lambda to customers’ devices and programs, using the same programming that is used in the cloud. The company said the pairing allows “for the use of both local device and cloud-based storage, as well as […]

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Facebook Set to Hire 500 Additional Staff in London

Facebook Set to Hire 500 Additional Staff in London

Social media company Facebook unveiled plans to hire an additional 500 people in London on Monday in a move which has viewed as a welcome sign of the continued competitiveness of the British capital following the nation’s surprise vote to leave the European Union (EU) in a referendum earlier in the year. The San Francisco-headquartered company, which already has around 1,000 people working in its London office is to raise […]

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Ingredion Q3 Results Top Views

Ingredion Q3 Results Top Views

Ingredion reported earlier Wednesday Q3 results which improved year-over-year and beat expectations compiled by Capital IQ. The company also raised its FY16 adjusted EPS outlook above the Street view. Q3 adjusted EPS was $1.96 per share, up from $1.64 per share a year earlier and higher than the $1.78 per share consensus. Revenues rose 4% year-over-year to $1.49 billion and were above the $1.46 billion mean estimate. For FY16, the […]

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Galena Biopharma Announces 1-for-20 Reverse Stock Split: Shares Drop 14%

Galena Biopharma Announces 1-for-20 Reverse Stock Split: Shares Drop 14%

Galena Biopharma (GALE) shares fell 14% on Tuesday after the company announced a one-for-20 reverse stock split to take effect on Nov. 11. The stock will begin trading on an adjusted basis on Nov. 14. As a result of the reverse stock split, the company’s issued and outstanding shares of common stock will decrease to approximately 10.9 million shares, post-split “Effecting the reverse stock split will allow us to maintain […]

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Tech Stocks Slightly Higher Ahead of Friday Close

Tech Stocks Slightly Higher Ahead of Friday Close

Technology stocks were holding on to a narrow gain late Friday, with shares of tech companies in the S&P 500 rising about 0.1% rise. In company news, Synaptics (SYNA) was sinking in late Friday trading following a pair of downgrades of the human-interface technologies company today, with analysts at Craig Hallum and Needham & Co. both cutting their respective investment calls to Hold from Buy. The downgrades came despite Synaptics […]

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CVR Refining Stock Falls After Q3 Earnings Miss Views

CVR Refining Stock Falls After Q3 Earnings Miss Views

CVR Refining, LP (CVRR) stock fell 7% in morning trading after the downstream energy partnership reported worse-than-expected Q3 financial results. Net income per share was $0.11, down from $0.94 in the same period last year, missing forecasts for $0.23. Net sales were $1.16 billion, up from $1.36 billion in the year ago period and above the $1.14 billion estimate. “The exorbitant costs of Renewable Identification Numbers under the broken Renewable […]

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Time Warner Satellite Licenses May Subject AT&T Deal To Increased Scrutiny, FCC Involvement

Time Warner Satellite Licenses May Subject AT&T Deal To Increased Scrutiny, FCC Involvement

Dozens of satellite licenses owned by Time Warner (TWX) may expose its acquisition by AT&T (T) to more scrutiny by U.S. regulators than was initially expected, according to a report from Bloomberg. Time Warner owns two dozen or more licenses for sending programming signals to and from satellites, in addition to a station license for WPCH-TV in Atlanta, the report said. Transferring those licenses would require approval by the U.S. […]

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Hubbell Q3 Sales Miss Views; EPS Beats; Mid-Point of 2016 EPS Guidance Lags Estimates

Hubbell Q3 Sales Miss Views; EPS Beats; Mid-Point of 2016 EPS Guidance Lags Estimates

Hubbell Inc (HUBB) reported a Q3 adjusted earnings of $1.63 per diluted share compared with an income of $1.53 per diluted share a year ago, beating the $1.52 average EPS estimate from analysts polled by Capital IQ. Net sales over the three months that ended Sept. 30 jumped to $907.4 million from $877 million a year ago, coming in below the $910.8 million consensus. In a statement released early Tuesday, […]

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Tech Stocks Outperforming All Other Sectors Today

Tech Stocks Outperforming All Other Sectors Today

Technology stocks were outpacing other sectors today, with shares of tech companies in the S&P 500 jumping out to a 0.8% increase. In company news, Silicon Motion Technology Corp (SIMO) climbed Monday after the fabless chipmaker today raised its annual dividend compared with its prior distributions to investors over the past 12 months by 33.3% to $0.80 per share. The increased dividend – up from $0.60 per share over the […]

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Wabco Posts Mixed Q3 Results; Boosts FY16 EPS Outlook Above Street, Narrows Revenue Guidance Range In Line

Wabco Posts Mixed Q3 Results; Boosts FY16 EPS Outlook Above Street, Narrows Revenue Guidance Range In Line

Wabco Holdings (WBC) reported financial results for Q3, with better-than-expected earnings and revenue that fell short of analysts’ estimates; it raised its fiscal 2016 outlook for earnings and narrowed its guidance range for revenue. The supplier of electronic, mechanical, electro-mechanical and aerodynamic products posted Q3 earnings of $1.54 per share, compared with the prior-year period’s $1.39 per share. Analysts polled by Capital IQ were expecting EPS of $1.48. Revenue was […]

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Accenture to Enable Hess’s Transition to the Cloud

Accenture to Enable Hess’s Transition to the Cloud

Accenture (ACN) has been chosen by Hess (HES) to help realize its As-a-Service vision that is part of the Hess IT transformation strategy. The new cloud-enabled operating model can ramp up or down IT infrastructure and digital technologies during volatile industry cycles. The model is underpinned by Accenture’s cloud services and ecosystem of partners that includes leading public cloud providers. Under the terms of the five-year agreement, Accenture and Hess […]

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Energy Shares Chart Path Lower as US Stocks Retreat

Energy Shares Chart Path Lower as US Stocks Retreat

Stocks in the US swung back into sell mode on Tuesday, with energy stocks leading declines among all 10 of the Standard & Poor’s 500 sectors as crude prices fell. Investors put pressure on equities once more ahead of next week’s pivotal Federal Open Market Committee meeting, which is preceded this week by key data on inflation, retail sales and manufacturing. The probability that interest rates will increase this month […]

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