Shares of Sodastream International Ltd. (NASDAQ: SODA) rallied about 14% by afternoon trade after analysts at Citigroup raised to their price target to $66.00 while analysts at Canaccord Genuity maintained “hold” rating on the stock. Canaccord Genuity also boosted price target on the stock to $59.00 from $52.00. Analysts at Monness Crespi & Hardt lifted their price target in the stock to $80.00 from $70.00 and set a “buy” rating on Tuesday. Besides, analysts at Oppenheimer upwardly revised their price target on the stock to $68.00 from $60 and set a “outperform” rating on Tuesday.
At present, four equity research firms hold maintain a “buy” rating on the stock while two firms have assigned a “hold” rating. On average the stock has a “buy” rating and a price target of $61.99.
Shares of Stratasys Ltd. (NASDAQ: SSYS) climbed about 9% by afternoon trade after the Company reported better-than-expected fiscal first earnings and provided upbeat guidance for the fiscal 2013. For the recently concluded quarter, the Company reported adjusted earnings of 43 cents a share compared to 32 cents a share, in the year-earlier quarter. Analysts’ consensus estimate was earnings of 38 cents a share. For the fiscal 2013, the Company expects earnings to be in the range of $1.80 to $1.95 a share while analysts’ consensus estimate was for $1.88 a share.
Shares of Research in Motion/Blackberry (NASDAQ: BBRY) slumped about 4.70% by afternoon trade.
Blackberry, which is holding its annual three day developers’ conference in Orlando Florida, unveiled its new Q5 model compatible with Blackberry 10.1 operating system. The latest device is targeted towards emerging markets. Blackberry’s President and Chief Executive, Thorsten Heins said that the Q5 will be launched worldwide this summer. From July, the latest device will be available in “selected markets” of Asia, Africa, the Middle East, Latin America and Europe, said Heins.
Shares of Take Two Interactive Software Inc. (NASDAQ: TTWO) gained about 4.25% after the videogame publisher late last evening reported that it swung into fiscal fourth quarter profit, thanks to strong revenue-growth. The Company also provided optimistic outlook on fiscal 2014. For the recently concluded quarter, the Company posted net income of $22.4 million or 24 cents a share compared to a loss of $66.8 million or 79 cents a share, in the same quarter of last fiscal.
Excluding onetime items, TTWO reported adjusted earnings of $42.8 million or 38 cents a share compared to a loss of $50.9 million or 60 cents a share, in the year-earlier quarter. Analysts’ consensus estimate was for earnings of 23 cents a share, according to a data compiled by Thomson Reuters.
Shares of SolarCity Corp. (NASDAQ: SCTY) after the solar panel maker, late last evening reported wider-than-expected fiscal first quarter loss. For the quarter, the San Mateo, California-based Company reported a loss of $31 million or 41 cents a share compared to a profit of $2.76 or 4 cents a share, in the same quarter of last fiscal. The Street was expecting a loss of 32 cents a share. Sales during the quarter climbed 21% to $30 million.
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