Shares of Pandora Media Inc. (NYSE: P) rallied in premarket trading on Friday after the online radio streaming company’s stock was upgraded to “buy” from “neutral” by Goldman Sachs’ analyst Heath Terry. In the research report, Heath Terry cited accelerating mobile and subscription revenue for the stock upgrade. The Price target on shares was lifted [...]
Shares of First Cash Financial Services Inc. (NASDAQ: FCFS) slumped about 10.70% by afternoon trade. The pawn store operator, late last evening, handed downbeat earnings outlook for the fiscal second quarter and downwardly revised full year revenue guidance. For the fiscal second quarter, First Cash Financial Services Inc expects earnings to be in the range [...]
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 [...]
Pandora Media Inc. (NASDAQ: P) shares rallied on Friday after the Internet radio company, following closing bell on Thursday, reported narrow-than-expected loss in the fiscal fourth quarter and revenue which beat analysts’ consensus estimate. The Company also provided upbeat guidance on the fiscal first quarter. Separately, Company’s Chief Executive, President and Chairman, Joseph Kennedy said [...]
Shares of Pandora Media Inc. (NYSE: P) rallied over 15% on Friday after the Internet radio company late last evening reported lower-than-expected fiscal fourth-quarter loss and provided upbeat outlook on the current quarter, thanks to its growing traction. The Company said that it commands nearly 8% of total radio listening.
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) shares plummeted nearly 14 percent on Wednesday after the company announced that it will acquire Plains Exploration & Production (NYSE: PXP) and McMoRan Exploration (NYSE: MMR) in two separate deals estimated at $9 billion both in cash and stocks, as the company looks to expand its traction in [...]