Needham & Company Reiterated Buy and $55 Price Target on Yahoo! (YHOO) Following 2Q15

Oppenheimer Cuts Price Target on Yahoo! (YHOO) Following Weaker 3Q Guidance

July 22, 2015 10:13 AM EDT

Oppenheimer maintained an Outperform rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $56.00 (from $58.00), following weaker 3Q guidance. Management guided net revenue to 5% below Street.

Analyst Jason Helfstein commented, "We are reducing our target to $56 from $58, following weaker 3Q guidance. More... More

Cantor Fitzgerald Raises Price Target on Yahoo! (YHOO) Following 2Q15 Results

July 22, 2015 8:07 AM EDT

Cantor Fitzgerald reiterated a Buy rating on Yahoo! (NASDAQ: YHOO), and raised the price target to $62.00 (from $60.00), Yahoo! reported revenue ex-TAC of $1.043B, 1.2% ahead of consensus' $1.030B. EPS of $0.16 was below the Street's $0.18.

Analyst Youssef Squali commented, "Yahoo! reported virtually in-line results relative... More

Mizuho Securities Cuts Price Target on Yahoo! (YHOO) to $48 Following 2Q15

July 22, 2015 7:22 AM EDT

Mizuho Securities reiterated a Buy rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $48.00 (from $51.00), following 2Q15 results. Analyst Neil Doshi thinks that expectations remain low for YHOO, but the company is gaining traction on gross revenue.

Doshi commented,... More

Cowen Trims PT on Yahoo! (YHOO) to $49 Following Q2 Results, Light Outlook

July 22, 2015 6:29 AM EDT

Cowen and Company lowers its price target on Market Perform-rated Yahoo! (Nasdaq: YHOO) from $54 down to $49 following Q2 results issued Tuesday night.

Analyst John Blackledge noted that Q2 results were mixed for Yahoo!, with strong overall results and stabilizing Display pricing, but... More

Market Wrap: Apple Hit on Light Q3 iPhone, Watch Numbers; Tesla Dips Following Downgrade; LifeLock Slammed on FTC Allegations

July 21, 2015 5:33 PM EDT

Market wrap for July 21st

End of the Day: S&P 500 down 9.1 to 2,119.21; Dow Jones down 181.1 to 17,919.29; Nasdaq down 10.7 to 5,208.12

Market Brief: Markets saw downside Tuesday following a moderate run higher the last few sessions. The Dow Jones Industrial Average was weighed down by United Technologies and IBM following the two companies' quarterly reports.

Apple was hit in after-hours trading amid solid Q3 numbers as iPhone and Apple Watch sales failed to live up to muster.

Tesla saw a pullback today as... More

After-Hours Stock Movers 07/21: (ISRG) (NUAN) (GPRO) Higher; (ILMN) (EXEL) (AAPL) Lower (more...)

July 21, 2015 5:31 PM EDT

Intuitive Surgical (NASDAQ: ISRG) 13.3% HIGHER; reported Q2 EPS of $4.57, $0.59 better than the analyst estimate of $3.98. Revenue for the quarter came in at $586.1 million versus the consensus estimate of $566.86 million.

Illumina (NASDAQ: ILMN) 11.6% LOWER; reported Q2 EPS of $0.80, $0.03 better than the analyst estimate of $0.77. Revenue for the quarter came in at $539 million versus the consensus estimate of $541.77 million. Illumina sees FY2015 EPS of $3.39-$3.45, versus the consensus of $3.44.

Exelixis, Inc. (Nasdaq:... More

Yahoo! (YHOO) Issues Q3 Gudiance, Revenue Light

July 21, 2015 4:18 PM EDT

Yahoo! (NASDAQ: YHOO) issued Q3 guidance of:

GAAP revenue $1,230 $1,270Cost of revenue - TAC $230 $270Revenue ex-TAC(1) $1,000 $1,040Adjusted EBITDA $200 $240Non-GAAP operating income $50 $90

(Street sees Q3 revenue of $1.07 billion.)

... More

Yahoo! (YHOO) Misses Q2 EPS by 2c

July 21, 2015 4:06 PM EDT

(Updated - July 21, 2015 4:08 PM EDT)

Yahoo! (NASDAQ: YHOO) reported Q2 EPS of $0.16, $0.02 worse than the analyst estimate of $0.18. Ex-Tac revenue for the quarter came in at $1.04 billion versus the consensus estimate of $1.03 billion.

Q2 2014 Q2 2015... More

Wall Street lower after weak results from IBM, United Tech

July 21, 2015 9:07 AM EDT

(Updated 11:43am) By Tanya Agrawal

(Reuters) - Wall Street was lower in late morning trading on Tuesday as weak revenue at IBM and United Technologies weighed on the Dow and the S&P 500 and investors awaited results from tech giants including Apple and Microsoft.

IBM's shares fell as much as 5.5 percent to $163.69, a day after the company's revenue fell for the 13th consecutive quarter.

United Technologies fell as much as 7.9 percent to $101.78 and was the biggest loser on the Dow, after the company cut its full-year profit outlook.

"We remain cautious regarding earnings... More

Market Wrap: Asian Selling Hits Gold Prices; Lockheed Martin Moves to Acquire Sikorsky; Merger Monday

July 20, 2015 5:22 PM EDT

Market wrap for July 20th

End of the Day: S&P 500 up 1.6 to 2,128.28; Dow Jones up 14.0 to 18,100.41; Nasdaq up 8.7 to 5,218.86

Market Brief: U.S. markets gained as gold prices got hit on Monday amid a sell-off in Asia. Leading the charge higher was a slew of solid quarterly reports from Morgan Stanley, Hasbro, and Halliburton,... More

Trading Radar for 7/21: Apple (AAPL), GoPro (GPRO), SAP AG (SAP), Travelers (TRV), Chipotle (CMG),

July 20, 2015 2:11 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Earnings:

Allegheny Technologies (NYSE: ATI) - consensus EPS $0.04
Asbury Automotive Group (NYSE: ABG) - consensus EPS $1.43
Astec Industries (Nasdaq: ASTE) - consensus EPS $0.69
Badger Meter (NYSE: BMI) - consensus EPS $0.73
Baker Hughes (NYSE: BHI) - consensus loss $0.09
Bank of New York (NYSE:... More

Yahoo! (YHOO) to Spin-Off Remining Alibaba Group Stake into Aabaco Holding

July 20, 2015 6:49 AM EDT

Providing an update on the planned spin-off of its remaining Alibaba Group (NYSE: BABA) stake, Yahoo! Inc. (Nasdaq: YHOO) announced after the close Friday the initial filing with the Securities and Exchange Commission of a Registration Statement on Form N-2 under the Investment... More