Macquarie Reiterates Outperform on Yahoo! (YHOO) Following 2Q Results

Needham & Company Reiterates Buy on Yahoo! (YHOO) Following 2Q Earnings

July 19, 2016 9:46 AM EDT

Needham & Company reiterated a Buy rating and $40.00 price target on Yahoo! (NASDAQ: YHOO) following the company's 2Q earnings report. net revenue fell by 19%, while EPS fell 43%. Guidance for 3Q16 is for revenue of $840-$880mm and Adjusted EBITDA of $190-$220mm.

Analyst... More

Yahoo! (YHOO) winning bid said to be decided in as soon as a week - Bloomberg

July 19, 2016 9:26 AM EDT

Yahoo! (NASDAQ: YHOO) winning bid said to be decided in as soon as a week, according to Bloomberg headlines.

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Susquehanna Maintains Bullish Yahoo! (YHOO) View Following Q2 and Into Core Sale

July 19, 2016 8:48 AM EDT

Susquehanna analyst Shyam Patil retained a Positive rating and $44 price target on Yahoo! (NASDAQ: YHOO) following results as the sales process for the core appears in progress.

Patil commented, "We are positive on the SOTP story, as managements commentary seems... More

The Yahoo! (YHOO) Investment Thesis is All About Taxes - Piper Jaffray

July 19, 2016 8:10 AM EDT

Piper Jaffray analyst, Gene Munster, reiterated his Overweight rating on shares of Yahoo! (NASDAQ: YHOO) noting that the state of Yahoo! remains largely unchanged from last quarter where the company continues to work through a sale process for its core business. The company... More

BMO Capital Raises Price Target on Yahoo! (YHOO) to $39 Following In-Line 2Q

July 19, 2016 8:03 AM EDT

BMO Capital reiterated a Market Perform rating on Yahoo! (NASDAQ: YHOO), and raised the price target to $39.00 (from $38.00), following the company's 2Q earnings report. YHOO reported $841mm, in-line with the Street's estimates. Non-GAAP EPS of $0.09 was $0.01 below the Streets estimate.

Analyst Daniel... More

Yahoo! (YHOO): Raising PT to $39 - RBC

July 19, 2016 7:25 AM EDT

RBC Capital analyst, Mark Mahaney, maintained his Sector Perform rating on shares of Yahoo! (NASDAQ: YHOO) and noted that the company reported Q2 Net Revenue of $841MM, just above RBC/Street estimates of $836/840MM and towards the high end of guidance ($810-850MM). Still, Net Revenue declined 18% Y/Y, which implies deteriorating asset risk. EBITDA of $172MM came in 15%+ ahead of RBC & Street & above guidance, driven primarily by lower than expected opex.

EBITDA Margin was down... More

Pivotal Research Downgrades Yahoo! (YHOO) to Hold

July 19, 2016 7:07 AM EDT

Pivotal Research downgraded Yahoo! (NASDAQ: YHOO) from Buy to Hold with a price target of $41 (unchanged). Analyst Brian Wieser noted the stock is only 8% under his price target.

"Yahoo hosted its 2Q16 quarterly results call on Tuesday which featured relatively little... More

Mizuho Securities Remains Sidelined on Yahoo! (YHOO) Following 2Q Report

July 19, 2016 7:00 AM EDT

Mizuho Securities reiterated a Neutral rating and $38.00 price target on Yahoo! (NASDAQ: YHOO) following the company's 2Q earnings report. Yahoo reported 2Q net revenue of $841m, in line with the Street's expectations. Non-GAAP EPS of $0.09 was a penny below the Street's $0.10.

Analyst Neil... More

SoftBank's Son challenges investors to 'feel the force' of his $32 billion ARM gamble

July 19, 2016 4:34 AM EDT

By Makiko Yamazaki

TOKYO (Reuters) - SoftBank Corp founder Masayoshi Son, who created a $68 billion tech investment behemoth from a $50,000 start-up, has divided investors and analysts with his latest "crazy idea", the $32 billion acquisition of chip designer ARM Holdings (NYSE: ARM).

Visionary, risky, or both, the deal announced on Monday caught them all on the hop.

But in the way it was struck and presented, they all recognized the signature style of the man whose chutzpah led to successes like early investments in Yahoo! (NASDAQ: YHOO) and... More

After-Hours Stock Movers 07/18: (HDSN) (VMW) (EMC) Higher; (SMCI) (NFLX) (SAVE) Lower (more...)

July 18, 2016 5:36 PM EDT

Today's After-Hours Movers

Hudson Technologies, Inc. (NASDAQ: HDSN) 36.9% HIGHER; announced that it has been awarded, as prime contractor, a five-year contract including a five-year renewal option, by the United States Defense Logistics Agency (DLA) with an estimated maximum value over the term of the agreement of $400 million in sales to the Department of Defense. The fixed price contract is for the management and supply of refrigerants, compressed gases, cylinders... More

Yahoo! (YHOO) Boosts FY16 adj.-Operating Income Outlook

July 18, 2016 5:14 PM EDT

Yahoo! (NASDAQ: YHOO) sees FY16 adjusted operating income of $175 - $275 million, up from $150 - $250 million previously, and Q3 adjusted EBITDA at $190 - $220 million. The Street sees operating income of $196 million and Q3 adjusted EBITDA of $195.6 million.

YHOO sees Q3 adjusted operating income of $65 - $95 million, with the consensus at $59 million.

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Yahoo! (YHOO) Misses Q2 EPS by 1c

July 18, 2016 4:45 PM EDT

Yahoo! (NASDAQ: YHOO) reported Q2 EPS of $0.09, $0.01 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $1.31 billion versus the consensus estimate of $1.08 billion.

Business Highlights:

Platforms

Kept Yahoo Mail one of the highest rated mail apps in both the App Store and Google Play, with major updates for iOS and Android versions, including an unsend feature, contact improvements, and a document preview feature.Introduced support for Live Video on Tumblr with YouNow, YouTube,... More

Big funds push back against activist investor settlements

July 18, 2016 3:13 PM EDT

By Michael Flaherty

(Reuters) - After years of support for companies that hand board seats to activists to avoid a bruising public fight, some of the world's largest institutional investors are pushing back.

BlackRock Inc (NYSE: BLK), the world's largest asset manager, and Norges Bank Investment Management, Norway's $872 billion sovereign wealth fund are among the major funds resisting, encouraging companies to consult them before responding to an activist.

These investors argue that in certain cases, giving board seats to frustrated shareholders with a shorter-term investment horizon could jeopardize the company's long-term performance.

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Yahoo (YHOO) July weekly 40 calls active into Q2 and expected bids for core business

July 15, 2016 3:29 PM EDT

Yahoo! (NASDAQ: YHOO) July weekly call option implied volatility is at 44, August is at 32; compared to its 52-week range of 25 to 55 into the expected release of Q2 on July 18 and expected bids for core business.

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