Needham & Company Raises Price Target on Synopsys (SNPS) to $60 Following 3Q
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
After-Hours Stock Movers 8/17: (CIE) (NTAP) (LB) (YY) (SNPS) Higher; (CERU) (BGG) (ARAY) (KEYS) (A) (CSCO) Lower
August 17, 2016 5:34 PM EDTCobalt International Energy (NYSE: CIE) +7.6%; CFO David Powell and CEO Timothy Cutt acquired 100,000 shares each, according to SEC filings.
NetApp (NASDAQ: NTAP) +6%; reported Q1 EPS of $0.46, $0.10 better than the analyst estimate of $0.36. Revenue for the quarter came in at $1.29 billion versus the consensus estimate of $1.26 billion. NetApp sees Q2 2017 EPS of $0.51-$0.56, versus the consensus of $0.55. NetApp sees Q2 2017 revenue of $1.265-1.415 billion, versus the consensus of $1.33 billion.
L Brands (NYSE: LB) +3%; reported Q2 EPS of $0.70, versus the analyst estimate of... More
Synopsys (SNPS) Tops Q3 EPS by 2c
August 17, 2016 4:11 PM EDTSynopsys (NASDAQ: SNPS) reported Q3 EPS of $0.76, $0.02 better than the analyst estimate of $0.74. Revenue for the quarter came in at $615.2 million versus the consensus estimate of $602.89 million.
GUIDANCE:
Synopsys sees Q4 2016 EPS of $0.75-$0.78, versus the consensus of $0.75. Synopsys sees Q4... More
Trading Radar for 8/17: Cisco (CSCO), Lowe's (LOW), JA Solar (JASO), Analog Devices (ADI), NetApp (NTAP) Report
August 16, 2016 2:28 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
7:00am EDT
Earnings:
American Eagle Outfitters (NYSE: AEO) - consensus EPS $0.21
Analog Devices (Nasdaq:... More