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VirnetX Holding Soaring 14% On Patent Potential
Monday, August 15, 2011 - 2:08pm | 115VirnetX Holding Corporation (NYSE: VHC) shares are soaring today, gaining more than 14% after Google (NASDAQ: GOOG) announced it would be buying Motorola Mobility (NYSE: MMI) this morning for $40 per share in cash. Shares of VirnetX Holding had been flat all day, then around 2:30 p.m., Cowen came...
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S1 Responds to ACI's Filing of Preliminary Proxy Materials
Monday, August 15, 2011 - 1:16pm | 245S1 Corporation (Nasdaq: SONE) today issued the following statement in response to the filing of preliminary proxy materials by ACI Worldwide, Inc. (Nasdaq: ACIW), to solicit votes in opposition of S1's proposed combination with Fundtech Ltd. (Nasdaq: FNDT): "The S1 Board of Directors urges S1's...
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Adobe Connect Selected in Expanded U.S. DoD Contract Valued at $93M
Monday, August 15, 2011 - 8:04am | 106Adobe Systems Incorporated (Nasdaq: ADBE) today announced the Defense Information Systems Agency, an operating unit of the U.S. Department of Defense, has awarded an expanded contract that includes Adobe® Connect™ Web conferencing software to enable deployed troops, support personnel, and military...
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Morgan Stanley Looks at Second Half at Success Factors
Monday, August 15, 2011 - 7:54am | 97Morgan Stanley has published a research report on SuccessFactors (NYSE: SFSF) stating confidence in the software solutions provider. In the report, Morgan Stanley wrote, " Concerns about Plateau, organic growth, and the broader macro have weighed on SFSF shares and the stock is down nearly 40%...
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Goldman Sachs Maintains Neutral on Autodesk
Monday, August 15, 2011 - 7:39am | 105Goldman Sachs is out with its report today on Autodesk (NASDAQ: ADSK), maintaining Neutral. In its report, Goldman Sachs writes, "Autodesk will report results on Thursday, August 18, after the market close. We are modeling total revenue and EPS of $540 mn and $0.41, in line with consensus and...
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Solera Holdings Increases Quarterly Dividend by 33% to $0.10
Monday, August 15, 2011 - 7:39am | 69Solera Holdings, Inc. (NYSE: SLH) today announced that its Board of Directors has approved an increase in its quarterly dividend of 33% per share of outstanding common stock and per outstanding restricted stock unit. This increase translates into an annual rate of $0.40 cents per share of...
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Nuance to Acquire Loquendo
Monday, August 15, 2011 - 7:06am | 74Nuance Communications, Inc. (NASDAQ: NUAN) today announced an agreement to acquire Loquendo, a wholly-owned subsidiary of Telecom Italia. The combination of Nuance and Loquendo's innovations will advance the proliferation of voice-enabled solutions. In particular, it will accelerate the...
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ACI Worldwide to Solicit Proxies Against Proposed S1-Fundtech Transaction
Monday, August 15, 2011 - 5:54am | 68ACI Worldwide, Inc. (Nasdaq: ACIW) today announced that it has filed preliminary proxy materials with the Securities and Exchange Commission in connection with the solicitation of votes against proposals related to the proposed merger of S1 Corporation (Nasdaq: SONE) and Fundtech Ltd. (Nasdaq: FNDT...
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Citi Reiterates Buy and PT of $63 on Intuit
Friday, August 12, 2011 - 7:50am | 54Citi reiterated its Buy rating on Intuit (NASDAQ: INTU). At the same time, the rating agency left its price target on the company's stock unchanged at $63. On Thursday, INTU closed the day at $42.05. Its shares added 0.21% to their value in today's pre-market trading to stand around $42.14.
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TiVo Authorizes Stock Repurchase Plan of Up to $100 Million
Friday, August 12, 2011 - 7:30am | 219TiVo Inc. (NASDAQ: TIVO) today announced that its Board of Directors has authorized the repurchase of up to $100 million of its outstanding common shares over a period of two years. The share repurchase program will be funded through the Company's existing cash. "We believe that the repurchase...
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Benzinga's Top Pre-Market Losers
Friday, August 12, 2011 - 7:10am | 122Boeing Company (The) (NYSE: BA) dipped 3.38% to $56.86 in the pre-market session. BA booked 19 new orders for its 777. Sprint Nextel Corporation (NYSE: S) moved down 1.92% to $3.06 in the pre-market session. Sprint Nextel's PEG ratio is -1.02. Adobe Systems Incorporated (NASDAQ: ADBE) fell 0.83%...
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Rodman & Renshaw Initiates Coverage of Top Image Systems with Market Outperform and PT of $4
Friday, August 12, 2011 - 2:43am | 41Rodman & Renshaw initiated its coverage of Top Image Systems (NASDAQ: TISA) with a Market Outperform rating and a price target of $4. On Thursday, TISA added 5.31% to its value to finish the day at $2.38.
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The Final Hour Is The Real Test
Thursday, August 11, 2011 - 2:25pm | 281Day after day, the major stock indexes seem to give up the early gains in the final hour of the trading session. This afternoon, the Dow Jones Industrial Average is trading higher by 400.00 points to 11,118.00. This rally higher is broad based as every sector seems to catching a bid higher. All is...
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Wednesday's NASDAQ's Top Percentage Gainers: Biolase Technology, Toreador Resources, Cree, Pegasystems
Thursday, August 11, 2011 - 10:29am | 509POINT ROBERTS - August 11, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Aug. 10, 2011. Biolase Technology was the top gainer in Wednesday's session as the stock witnessed a gain of 19.78%. Biolase...
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Wedbush Maintains Outperform on Intuit
Thursday, August 11, 2011 - 7:41am | 86Wedbush is out with its report today on Intuit (NASDAQ: INTU), maintaining Outperform. In its report, Wedbush writes, "We believe INTU will outpace the market based on dependable secular trends that will drive double-digit earnings growth. We see Intuit as a long-cloud, long-mobile technology...