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Lawson Appeals Lower Court Decision
Wednesday, May 25, 2011 - 12:16pm | 146Lawson Software (Nasdaq: LWSN) today announced that it is seeking a stay from the Court of Appeals for the Federal Circuit of the injunction issued by the U.S. District Court for the Eastern District of Virginia in Lawson's patent litigation with ePlus, Inc. The outcome of the ePlus patent...
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Puts Purchased on VanceInfo Technologies
Wednesday, May 25, 2011 - 10:43am | 141Shares of VanceInfo Technologies (NYSE: VIT) are lower on the session by 4.15%, currently trading at $21.01. The stock has been moving largely lower over the past six weeks and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...
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NetSol Technologies Announces Multimillion-Dollar Agreement to Implement NFS Retail Platform for Major Japanese Auto Captive
Wednesday, May 25, 2011 - 7:05am | 166NetSol Technologies (Nasdaq: NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced that it has signed a multimillion-dollar agreement to implement the complete back-office Retail module...
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JP Morgan Lowers PT On TiVo To $14
Wednesday, May 25, 2011 - 6:21am | 26JP Morgan has lowered the price target on Tivo (NASDAQ: TIVO) from $20 to $14 and maintains its Overweight rating.
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Mad Money Lightning Round: Cramer Likes Berkshire Hathaway
Wednesday, May 25, 2011 - 1:21am | 237On CNBC's Mad Money, Jim Cramer said during the Lightning Round that VirnetX (AMEX: VHC) has been a “great performing stock. It's too hot for me. I say cha-ching." For Agnico-Eagle Mines (NYSE: AEM), Jim said, "I like their CEO, but if you want to own a gold stock, you want Goldcorp (GG). I think...
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Salesforce.com Continues Highe, Up Nearly 3%
Tuesday, May 24, 2011 - 12:36pm | 157Salesforce.com, inc. (NYSE: CRM) reported earnings last week that beat expectations, and has caused a stir on Wall Street, as some are claiming that the company is playing games with its earnings, but traders continue to buy up shares. At last check, shares of the software-as-a-service (SAAS)...
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News Summary for May 24, 2011
Tuesday, May 24, 2011 - 8:58am | 348This is your morning news summary from Benzinga for Tuesday, May 24th, 2011, covering overnight and pre-market news affecting today's trading session. Stock index futures are pointing to a slightly higher open today after a negative session to the start of the week. On Monday, euro zone debt...
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Benzinga's Top Upgrades
Tuesday, May 24, 2011 - 8:24am | 137FBR Capital upgraded Gentiva Health Services Inc (NASDAQ: GTIV) from “underperform” to “market perform.” GTIV's shares closed at $23.91 yesterday. GTIV's PEG ratio is 0.60. Analysts at Credit Suisse upgraded Campbell Soup Company (NYSE: CPB) from “underperform” to “neutral.” CPB's shares closed at...
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Benzinga's Top Pre-Market NASDAQ Gainers
Tuesday, May 24, 2011 - 8:12am | 136GT Solar International Inc (NASDAQ: SOLR) shares advanced 14.46% to $13.30 in the pre-market session. SOLR reported upbeat Q4 earnings and lifted its FY12 earnings forecast. Sify Technologies Limited (NASDAQ: SIFY) shares advanced 11.06% to $4.92 in the pre-market session. : SIFY announced their...
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Benzinga's Top Downgrades
Tuesday, May 24, 2011 - 8:11am | 139Analysts at BMO Capital Markets downgraded Longtop Financial Technologies Limited (NYSE: LFT) from “outperform” to “market perform.” LFT's shares closed at $18.93 yesterday. LFT's trailing-twelve-month profit margin -8.66%. Credit Suisse downgraded East West Bancorp Inc (NASDAQ: EWBC) from “...
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Citi Rates Intuit As Medium Risk
Tuesday, May 24, 2011 - 7:34am | 78According to Citi, Intuit (NASDAQ: INTU) is rated medium risk. Citi said that the DOJ filed a civil antitrust suit to prevent HRB from acquiring TaxAct. “According to Bloomberg, the Justice Department determined that the combination would limit competition and could result in higher prices for...
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Credit Suisse Reinstates Coverage on CYH, THC, MOS and SAP
Tuesday, May 24, 2011 - 6:36am | 528In a research report published today, Credit Suisse reinstated coverage on a number of stocks. Community Health Systems (NYSE: CYH) was reinstated with an Outperform and a target price of $35. In the report, Credit Suisse states, "We are reinstating coverage on shares of Community Health Systems...
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Earnings Scheduled For May 24
Tuesday, May 24, 2011 - 1:04am | 445Avago Technologies Limited (NASDAQ: AVGO) is expected to post its FQ2 EPS at $0.60 on revenue of $554.40 million. TiVo Inc (NASDAQ: TIVO) is projected to report a Q1 loss at $0.31 per share on revenue of $41.98 million. AutoZone Inc (NYSE: AZO) is projected to report its FQ3 EPS at $4.99 on...
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Tuesday's Stocks to Watch, May 24
Monday, May 23, 2011 - 6:00pm | 1562( click to enlarge ) CF Industries Holdings, Inc. (NYSE:CF) - Massive high volume spike today, breaking out of multi-month consolidation. Looking for $143.32 to hold. If so, the stock could make a push for $152-154 without much resistance. Technical Indicators are supporting the bulls. RSI is...
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Bottomline Plans Filing of Universal Shelf Registration Statement
Monday, May 23, 2011 - 1:00pm | 225Bottomline Technologies (NASDAQ: EPAY) today announced that it intends to file a universal shelf registration statement with the Securities and Exchange Commission to register the offer and sale of a range of securities, including common stock and various other forms of equity and debt. The...