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A Peek Into The Market Before The Trading Starts
Thursday, May 12, 2011 - 7:55am | 421Pre-open movers US stock futures are lower this morning, after decline in commodity prices and global equity markets. Futures on the Dow Jones Industrial Average dropped 64 points to 12,533.00 and futures on the S&P 500 stock index fell 7.40 points to 1,331.30. Nasdaq 100 futures declined 17.50...
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Wunderlich Securities Reiterates Hold and PT of $21 on Symantec Corporation (SYMC)
Thursday, May 12, 2011 - 7:41am | 149Wunderlich Securities reiterated its Hold and price target of $21 on Symantec Corporation (NASDAQ: SYMC). In a research report published today, Wunderlich stressed it sees continuing improvements in Symantec's performance. In the report, Wunderlich states, "While the acquisition of Verisign was a...
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Morgan Stanley Comments On Symantec Results
Thursday, May 12, 2011 - 7:39am | 189According to Morgan Stanley, Symantec (NASDAQ: SYMC) posted double-digit organic cc billings growth for the first time in over 4-years by the calculations — coming in $275M ahead of cons. — but with an ~$0.06 impact from higher commissions failed to show any leverage from the top-line strength....
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UPDATE: Citi Raises PT on Symantec to $24 (SYMC)
Thursday, May 12, 2011 - 7:33am | 128Citi is out with its report today on Symantec (NASDAQ: SYMC), raising its PT from $22 to $24. In a note to clients, Citi writes, "Our thesis has been based on margin improvements as M&A dilution subsides and PC OEM fees come in lower. Also we believe stabilization and slight growth in shares...
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Bank of America Upgrades Symantec To Neutral, PT To $22
Thursday, May 12, 2011 - 7:25am | 28Bank of America has upgraded Symantec (NASDAQ: SYMC) from Underperform to Neutral and has raised the price objective from $18 to $22.
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J.P. Morgan Raises PT On SYMC To $26
Thursday, May 12, 2011 - 7:12am | 107J.P. Morgan has raised its price target on Symantec (NASDAQ: SYMC) from $24 to $26 based upon F4Q11 results. Says J.P. Morgan, in its report, “SYMC exceeded F4Q11 expectations on strong enterprise storage bookings and better-than-expected performance of recent acquisitions. Most of the...
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Citigroup Raises PT On Symantec To $24
Thursday, May 12, 2011 - 6:29am | 26Citigroup has raised the price target on Symantec Corporation (NASDAQ: SYMC) from $22 to $24 and maintains its Buy rating.
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US Stock Futures Signal Lower Start On Wall Street; Weekly Jobless Claims Data In Focus; Cisco Shares Down In Pre-Market Trading
Thursday, May 12, 2011 - 6:28am | 554US stock futures are lower this morning, after decline in global equity markets. Futures on the Dow Jones Industrial Average dropped 74 points to 12,523.00 and futures on the S&P 500 stock index fell 8.40 points to 1,330.30. Nasdaq 100 futures declined 20 points to 2,373.50. US stocks closed...
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Stocks To Watch For May 12 (JWN, CSCO, KSS, SYMC, NVDA)
Thursday, May 12, 2011 - 12:42am | 304Some of the stocks that may grab investor focus today are: Wall Street expects Nordstrom Inc (NYSE: JWN) to report its Q1 EPS at $0.66 on revenue of $2.22 billion. JWN shares fell 0.41% to $48.50 in after-hours trading. Cisco Systems Inc (NASDAQ: CSCO) reported an 18% decline in its FQ3 profit...
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comScore Releases April U.S. Search Engine Rankings; Google Led Core Search with 65.4% of Search Queries
Wednesday, May 11, 2011 - 4:33pm | 279comScore, Inc. (NASDAQ: SCOR) today released its monthly comScore qSearch analysis of the U.S. search marketplace. Google (NASDAQ: GOOG) Sites led the explicit core search market in April with 65.4 percent of search queries conducted. The April 2011 qSearch data reflect the impact of Yahoo! (...
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Symantec Corporation Trades Lower in the After-Hours (SYMC)
Wednesday, May 11, 2011 - 4:30pm | 197Shares of Symantec Corporation (NASDAQ: SYMC) are trading lower in the after-hours following the release of its Q1 earnings results. Currently, shares are off by 1.08%, at $19.20. They closed the regular session lower by 0.77%, at $19.41. Symantec Corporation said that Q1 EPS was $0.38 on...
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Earnings Preview for CA Technologies (CA)
Wednesday, May 11, 2011 - 2:59pm | 204CA Technologies (NASDAQ: CA) is scheduled to report fiscal fourth-quarter 2011 results after the markets close tomorrow, May 12. Analysts expect the software company to announce that per-share earnings rose 32.0% from a year ago to $0.50. That consensus estimate is unchanged in the past 60 days....
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What's Hot On TheStreet?
Wednesday, May 11, 2011 - 2:09pm | 252Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet 11 Stocks Under $4 With Upside: Analysts Sirius XM Radio (NASDAQ: SIRI), Active Power (NASDAQ: ACPW) and Gleacher & Company (NASDAQ: GLCH) are among the 11 stocks with 6%-144% upside, say analysts polled by...
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Microsoft Just Pulled Another "Microsoft" with its Purchase of Skype
Wednesday, May 11, 2011 - 10:26am | 2506When I wake up in the morning and check news for the companies I own, I worry. I don't worry that my companies missed their quarterly guidance by a few pennies – running a business is an art, and things don't usually work out in a precise, linear fashion. The companies that have a "deliver...
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Sonic Foundry Appoints Ray Hassell Vice President, International (SOFO)
Wednesday, May 11, 2011 - 8:44am | 37Sonic Foundry, Inc. (NASDAQ: SOFO), the recognized market leader for rich media webcasting, lecture capture and knowledge management, today announced the appointment of Ray Hassell as Vice President, International.