Shares of Netflix Inc. (NASDAQ: NFLX) fell 3% by afternoon trade after Bernstein’s senior equity analyst, carlos Kirjner downgraded the internet streaming company’s stock to “underperform” from “market-perform”. Bernstein has a price target of $180. The firm said current valuation reflected “unrealistic expectations.” In his research note, Kirjner wrote, “We believe Netflix will grow its [...]
Lennar Corp. (NYSE: LEN) said on Tuesday that fiscal second quarter net income fell by 70% as the company had unfavorable comparables (more tax gains in the year earlier quarter); however shares climbed as both revenue and earnings exceeded street’s estimate. Strong growth in new orders and increase in home prices boosted the top line [...]
Vodafone Group Plc (ADR) (NASDAQ: VOD) announced on Monday that it has agreed to acquire, Germany’s leading cable operator Kabel Deutschland in deal valued at 7.7 billion euro (approximately $10 billion). The move will allow Vodafone to expand its traction in TV and fixed-line business at time when competition is intensifying in these businesses across [...]
Shares of Vanguard Health Systems Inc. (NYSE: VHS) rallied more than 65% by afternoon trade on Monday. The hospital services provider, Tenet Healthcare Corp. (NYSE: THC) agreed to buy Vanguard Systems in a transaction valued at $1.63 billion. The acquisition will help Tenet to diversify its healthcare service business. [...]
Tenet Healthcare Corp. (NYSE: THC) announced on Monday that it has agreed to acquire Vanguard Health Systems Inc. (NYSE: VHS) in a deal valued at about $1.63 billion. The move will allow Tenet Healthcare to diversify its healthcare service business. [...]
Shares of Zynga Inc. (NASDAQ: ZNGA) plunged about 4.65% by afternoon trade. Morgan Stanley’s analyst Scott Devitt downgraded the social game maker’s stock to “underweight” from “overweight”. The research reports said that the popularity of its titles such as “FarmVille” “Poker” was fading fast as the competition was rising, adding that Zynga still relies far [...]
Micron Technology Inc, (NASDAQ: MU) plunged about 3.15% by afternoon trade. Across-the-board sell-off in U.S. equities on Thursday could be the only reason why Micron shares are sliding. The Company handed better-than-expected fiscal third quarter results on Wednesday. For the quarter, the company reported adjusted earnings of 4 cents a share on revenue of $2.32 [...]
Wright Medical Group Inc. (NASDAQ: WMGI) announced on Wednesday that it has entered into a definitive agreement with MicroPort Medical B.V. under which MicroPort Scientific Corp, (a subsidiary of MicroPort Medical) will buy Wright’s OrthoRecon business in deal valued at $290 million. [...]
Finisar Corporation (NASDAQ: FNSR) said late last evening that its fiscal fourth-quarter net income slumped 78% as acquisitions related write-downs and charges offset the communication solution provider’s improved revenue growth and higher margin. [...]
Adobe Systems Inc. (NASDAQ: ADBE) jumped about 6.50% by afternoon trade. Adobe Systems, which develops popular software such as Photoshop and Acrobat reported better-than-expected earnings for the fiscal second quarter and revenue which matched Street’s expectation., late on Tuesday In the recently concluded quarter, Adobe added 221,000 Creative Cloud subscribers and now has a subscribers [...] |
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