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Rodman & Renshaw Reiterates Market Outperform and PT of $26 on Ebix
Wednesday, August 10, 2011 - 9:11am | 43Rodman & Renshaw reiterated its Market Outperform rating on Ebix (NASDAQ: EBIX). At the same time, the rating agency left its price target on the company's stock unchanged at $26. On Tuesday, EBIX closed the day at $26.
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$26M for Fashion E-Commerce Company Trendyol.com
Wednesday, August 10, 2011 - 8:19am | 553Trendyol.com is getting a financial boost today with investments from Kleiner Perkins Caufield & Byers and Tiger Global. Based in Turkey, Trendyol is riding the nation's recent tech boom. With an estimated 35 million Internet users (45% of the population), Trendyol.com is in an interesting...
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Deutsche Bank Reiterates Buy on Nuance Communications
Wednesday, August 10, 2011 - 7:43am | 110Deutsche Bank is out with its report today on Nuance Communications (NASDAQ: NUAN), reiterating Buy. In its report, Deutsche Bank writes, "Nuance delivered non-GAAP revenues of $345.1m and EPS of $0.35 vs. our estimate of $337m/$0.34 and consensus of $337.8m/$0.34. The Mobile & Consumer...
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UPDATE: Piper Jaffray Reiterates Neutral on Nuance Communications, Reduces PT to $19
Wednesday, August 10, 2011 - 7:30am | 61Piper Jaffray reiterated its Neutral rating on Nuance Communications (NASDAQ: NUAN). At the same time, the rating agency reduced its price target on the company's stock from $21 to $19. On Tuesday, NUAN added 7.44% to its value to end the day at $16.75. Its shares continued to climb in today's pre-...
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Piper Jaffray Lowers PT On Nuance Communications To $19
Wednesday, August 10, 2011 - 5:57am | 27Piper Jaffray has lowered the price target on Nuance Communications (NASDAQ: NUAN) from $21 to $19 and maintains its Neutral rating.
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Nuance Communications Falls on Q3 Earnings Release
Tuesday, August 9, 2011 - 4:11pm | 146Shares of Nuance Communications (NASDAQ: NUAN) are trading lower in the after-hours following the release of the company's Q3 earnings results. Currently, shares are lower by 3.09%, trading at $16.23; they ended the regular session higher by 7.44%, at $16.75. Nuance Communications reported Q3...
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VirnetX Granted New Security Patent
Tuesday, August 9, 2011 - 9:25am | 45VirnetX Holding Corporation (NYSE: VHC) today announced that on August 9, 2011, it was granted a new patent by the United States Patent and Trademark Office: U.S. Patent # 7,996,539, AGILE NETWORK PROTOCOL FOR SECURE COMMUNICATIONS WITH ASSURED SYSTEM AVAILABILITY.
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NetSol Technologies' CEO Purchases 100,000 Shares of Company Common Stock in Open Market
Tuesday, August 9, 2011 - 9:10am | 117NetSol Technologies, Inc. (Nasdaq: NTWK) today announced that Najeeb Ghauri, the company's Chairman and Chief Executive Officer, purchased 100,000 shares of NetSol Technologies' common stock on the open market at an average price of $ 0.69. This purchase follows prior purchases of 200,000 shares in...
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Walt Disney Pictures and Autodesk Sign XGen Technology License Agreement
Tuesday, August 9, 2011 - 8:31am | 74Autodesk, Inc. (NASDAQ: ADSK) and Walt Disney Pictures (NYSE: DIS) announced an agreement to bring an innovative animation and visual effects technology to the Digital Entertainment Creation community. Autodesk obtained a license with a five-year exclusivity period for the XGen Arbitrary Primitive...
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A Peek Into The Market Before The Trading Starts
Tuesday, August 9, 2011 - 7:33am | 385Pre-open movers US stock futures are higher this morning, as investors are awaiting the Federal Reserve's statement on monetary policy. Futures for the Dow Jones Industrial Average surged 95 points to 10,821.00 and S&P 500 index futures rose 13.00 points to 1,124.30. Nasdaq 100 futures gained...
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Wizzard Media Signs MOU with Leading Digital Media Distributor FAB
Tuesday, August 9, 2011 - 7:05am | 109Wizzard Media (NYSE: WZE) today announced the signing of a material agreement to acquire 100% of the outstanding shares of Digital International Entertainment, Founded in 2003, FAB is headquartered in Beijing and offers the largest selection in mainland China of copyrighted DVD's, Blu-ray Discs,...
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As Oversold As We Have Seen It
Monday, August 8, 2011 - 3:54pm | 399There is nothing but selling taking place at this time. Stocks are being sold with a vengeance. This tells us that there are a few large financial institutions that have been caught on the wrong side of this market. In the past, when a major hedge fund or prop desk was under water on a position the...
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Options Brief: VanceInfo Technologies
Monday, August 8, 2011 - 2:58pm | 68Shares of VanceInfo Technologies (NYSE: VIT) are lower on the session by 7.83%, trading at $16.59. Overall put volume is now running at 2.02x the daily average, with 93% of all puts traded being purchases on the offer. 2,671 contracts have traded on the session so far. VanceInfo Technologies Inc...
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Puts Purchased on Ebix
Monday, August 8, 2011 - 2:50pm | 136Shares of Ebix (NASDAQ: EBIX) are lower on the session by 2.35%, currently trading at $16.65. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the...
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Friday's NASDAQ Top Gainers: NuPathe, Marchex, Blackbaud, Grand Canyon Education
Monday, August 8, 2011 - 11:14am | 496POINT ROBERTS - August 8, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Aug. 05, 2011. In Friday's session, NuPathe Inc was the top gainer as the stock surged 24.62%. NuPathe Inc (NASDAQ: PATH) soared...