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Jefferies Reiterates Buy On Monotype Imaging (TYPE)
Tuesday, May 3, 2011 - 11:43am | 79Jefferies maintained its Buy rating on Monotype Imaging (NASDAQ: TYPE) in a research paper published today. In the report, Jefferies states, "TYPE beat 1Q11 expectations, guided 2Q11 ahead of Street and maintained prior CY11 guidance. Given concerns around the impact of Japan to guidance, this is...
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Deutsche Bank Reiterates Rating, PT On CNQR
Tuesday, May 3, 2011 - 8:35am | 105Deutsche Bank is reiterating its Hold rating and its $50 price target on Concur Technologies (NASDAQ: CNQR) in expectation of inline 2Q results for the company. Says Deutsche Bank, in its report, “We are expecting that Concur's 2Q results should be in line with management's conservative guidance....
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CRM Revenue Could "Conceivably Double" Over Next Three Years, Morgan Stanley Reports
Tuesday, May 3, 2011 - 8:08am | 73Checks indicate continued strong demand for core Salesforce.com (NYSE: CRM), “with newer products creating strong upsell opportunities (Service, Chatter, Force.com),” Morgan Stanley reports. “We model YoY billings growth of 32% in Q1 and 26% in FY11, which is likely low if current trends continue...
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Smith Micro Software Fires Executive VP Kahn -Bloomberg (SMSI)
Monday, May 2, 2011 - 2:34pm | 19Smith Micro Software (NASDAQ: SMSI) fires Executive VP Kahn reports Bloomberg.
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What's Hot On TheStreet?
Monday, May 2, 2011 - 2:08pm | 310Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet CEO Porn Loses Allure After Buffett Revelation Warren Buffett held his annual "Woodstock for capitalists" this weekend in Omaha, Neb. The imagery is apt. The annual meeting should really be held in Bethel, N.Y.,...
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Tivo, Dish, and Echostar Settle the Patent Lawsuits; Tivo will Receive $500M -Bloomberg (DISH, TIVO, SATS)
Monday, May 2, 2011 - 1:41pm | 45Bloomberg reports that Tivo (NASDAQ: TIVO), Dish (NASDAQ: DISH), and Echostar (NASDAQ: SATS) settle the patent lawsuits. Tivo will receive $500M.
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TIVO CEO: $600M Settlement Total Will Improve Our Earnings Profile -CNBC (TIVO)
Monday, May 2, 2011 - 1:00pm | 25TIVO (NASDAQ: TIVO) CEO: $600M Settlement Total Will Improve Our Earnings Profile, Was Just Speaking On CNBC
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What Networks Were the Royal Wedding "Winners and Losers?"
Monday, May 2, 2011 - 12:55pm | 328Despite a very early morning start in the U.S. to Friday's Royal nuptials, TiVo (NASDAQ: TIVO) today announced that 41 percent of DVR viewers still chose to watch Prince William wed Catherine Middleton live, with NBC, ABC and CBS networks capturing the most American viewers early Friday...
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DISH Network Soaring On Blowout Earnings, TIVO Settlement (DISH)
Monday, May 2, 2011 - 12:38pm | 165Shares of Dish Network (NASDAQ: DISH) are jumping more than 15% today, after the company announced better than expected earnings, as well as announcing it would pay $500 million to Tivo (NASDAQ: TIVO) to settle a lawsuit regarding DVR technology. The company earned $1.22 per share on revenues of $...
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UPDATE: Wedbush Raises PT on Kenexa to $35 (KNXA)
Monday, May 2, 2011 - 9:32am | 105Wedbush is out with its report today on Kenexa (NASDAQ: KNXA), raising its PT from $30 to $35. In a note to clients, Wedbush writes, "Our new price target reflects a ~3.3x multiple on our 2011 EV/Sales estimate (up from 2.5x) and is in line with subscription, consulting, and staffing company peers...
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Anna Chagnon Resigns as President and CEO
Monday, May 2, 2011 - 9:02am | 52Bitstream Inc. (NASDAQ: BITS) announced today that its CEO and President, Anna Chagnon, has resigned. Amos Kaminski, the Chairman of the Board, has agreed to take over as Executive Chairman and interim CEO. Ms. Chagnon has also resigned as a director of the Company.
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Authentidate Regains Compliance With Nasdaq $1.00 Minimum Bid Price Rule (ADAT)
Monday, May 2, 2011 - 8:40am | 82Authentidate Holding Corp. (Nasdaq: ADAT), a provider of secure health information exchange, workflow management services and telehealth solutions, today announced that it has received a letter from The Nasdaq Stock Market, indicating that the Company has regained compliance with the $1.00 per...
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Intuit Small Business Employment Index Shows 0.3 Percent Increase in April (INTU)
Monday, May 2, 2011 - 8:36am | 101Small business job growth continued in April with employment up in all nine U.S. census divisions. In addition, employees worked more hours and earned more money. These are among the results of this month's update of the Intuit Inc. (Nasdaq: INTU) Small Business Employment Index. The monthly...
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Jefferies Raises Numbers On Autodesk
Monday, May 2, 2011 - 8:17am | 69According to Jefferies, Autodesk (NASDAQ: ADSK) numbers are raised. Jefferies said that its latest ADSK survey shows further improvement in fundamentals and estimates are raised to reflect this. “Clearly, we were too early to downgrade the stock last year. But, looking afresh given current...
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Benzinga's Top Pre-Market NASDAQ Gainers (TIVO, SPPI, CEPH, TLCR)
Monday, May 2, 2011 - 8:13am | 165TiVo Inc (NASDAQ: TIVO) shares surged 17.76% to $11.27 in the pre-market session. Dish Network (NASDAQ: DISH) and EchoStar (NASDAQ: SATS) will pay $500 million to TiVo in settlement over DVR technology. Spectrum Pharmaceuticals Inc (NASDAQ: SPPI) shares advanced 16.67% to $10.50 in the pre-market...