Trading Radar for 8/8: Nuance (NUAN), LendingClub (LC), Tyson Foods (TSN), Twilio (TWLO), Hertz (HTZ) Report
- Stocks face worst month since September, yen swings after BoJ
- Microsoft fiscal Q3 results top estimates as AI revolution spurs cloud growth
- Alphabet stock surges 11% to record high on Q1 earnings beat, first-ever dividend
- Intel slides in afterhours trading as Q1 revenue misses, Q2 outlook falls short
- Oil prices on track to snap two-week losing streak
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
- 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
Jefferies Raises Price Target on Bellicum Pharma (BLCM) to $22; Reiterates Buy
August 9, 2016 9:50 AM EDTJefferies reiterated a Buy rating on Bellicum Pharmaceuticals (NASDAQ: BLCM), and raised the price target to $22.00 (from $20.00), following the company's 2Q earnings report. BLCM reported a Q2 GAAP EPS of ($0.61) vs. estimates of ($0.59).
Analyst Biren Amin commented, "BLCM reported 2Q financial results... More
Leerink Partners Raises Price Target on ZELTIQ Aesthetics (ZLTQ) to $48; Reiterates Outperform
August 9, 2016 9:25 AM EDTLeerink Partners reiterated an Outperform rating on ZELTIQ Aesthetics (NASDAQ: ZLTQ), and raised the price target to $48.00 (from $43.00), following the company's 2Q earnings report. ZLTQ reported revenues of $89.5M, ahead of the consensus' $80M estimate.
Analyst Richard Newitter commented, "ZLTQ remains a... More
Piper Jaffray Remains Sidelined on Allergan (AGN) Following Mixed 2Q
August 9, 2016 9:08 AM EDTPiper Jaffray maintained a Neutral rating on Allergen (NYSE: AGN), and cut the price target to $227.00 (from $236.00), following the company's 2Q earnings report. AGN reported non-GAAP diluted EPS of $3.35 on revenue of $3.68B, compared to Street estimates of $3.33 and $3.97B, respectively.
Analyst David Amsellem commented, "Allergan... More
Piper Jaffray Remains Sidelined on Endo Int'l (ENDP) Following 2Q Beat
August 9, 2016 8:59 AM EDTPiper Jaffray reiterated a Neutral rating on Endo International plc (NASDAQ: ENDP), and raised the price target to $19.00 (from $18.00), following the company's 2Q earnings report. ENDP reported non-GAAP diluted EPS of $0.86 on revenue of $921M, compared to Street estimates of $0.74 and $864M, respectively.
Analyst David Amsellem commented, "Endo reported 2Q16... More
Needham & Company Reiterates Buy on MaxLinear (MXL) Following 2Q Report
August 9, 2016 8:43 AM EDTNeedham & Company reiterated a Buy rating and $21.00 price target on MaxLinear (NYSE: MXL) following the company's 2Q earnings report. MXL reported 2Q16 revenue and NG EPS of $101.7MM/$0.50, vs. consensus' $102.0MM/$0.44 estimates. 3Q16 revenue is expected to be $94-98MM, well below $104MM estimates.... More
Piper Jaffray Remains Bullish on Nevro (NVRO) Following 2Q Beat and Raise
August 9, 2016 8:23 AM EDTPiper Jaffray reiterated an Overweight rating on Nevro Corp (NYSE: NVRO), and raised the price target to $112.00 (from $98.00), following the company's 2Q earnings report. 2Q16 revenues were $55.4 million, primarily due to the ongoing launch of HF10 therapy in the United States. Full-year 2016 revenue guidance was... More
Needham & Company Reiterates Strong Buy on Inphi Corp. (IPHI) Following Solid 2Q
August 9, 2016 8:11 AM EDTNeedham & Company reiterated a Strong Buy rating on Inphi Corp. (NYSE: IPHI), and raised the price target to $45.00 (from $44.00), following the company's 2Q earnings report. IPHI reported revenue from continuing operations of $60.5MM, easily ahead of $57.5MM estimates. NG EPS was $0.32, including a $0.02 tax benefit,... More
RBC Capital Raises Estimates on Tyson Foods (TSN) Following 3Q; Reiterates Sector Perform
August 9, 2016 8:04 AM EDTRBC Capital reiterated a Sector Perform rating on Tyson Foods (NYSE: TSN), and raised the price target to $75.00 (from $72.00), following the company's 3Q earnings report. RBC raised FY16 and FY17 EPS estimates from $4.38 and $4.79 to $4.56 and $4.96, both above consensus estimates.
Analyst David Palmer... More
FBR Capital Cuts Price Target on On Deck Capital (ONDK) to $6.00 Following 2Q
August 9, 2016 7:53 AM EDTFBR Capital maintained a Market Perform rating on On Deck Capital (NYSE: ONDK), and cut the price target to $6.00 (from $6.50), following the company's 2Q earnings report. ONDK reported an operating loss of $0.20 per share, $0.04 above consensus. Lower marketing costs were the primary reason for the beat. The... More
Needham & Company Remains Sidelined on On Deck Capital (ONDK) Following 2Q
August 9, 2016 7:32 AM EDTNeedham & Company maintained a Hold rating on On Deck Capital (NYSE: ONDK) following the company's 2Q earnings report. 2Q revenue rose 10% Y/Y to $69.5M, above the consensus estimates of $67.8M. Management introduced 3Q revenue guidance of $73-76M compared to consensus' $74.8M.... More
Wedbush Cuts Price Target on National CineMedia (NCMI) Following Guide Down
August 9, 2016 7:25 AM EDTWedbush maintained an Outperform rating on National CineMedia (NASDAQ: NCMI), and cut the price target to $17.50 (from $19.00), as shares pull back. Management lowered 2016 guide to $440-450m (prior: $463-473m) in revenue and $220-230m (prior: $238-248m) in adjusted OIBDA.
Analyst... More
Oppenheimer Remains Bullish on Nuance Communications (NUAN) Following Mixed 3Q
August 9, 2016 7:20 AM EDTOppenheimer reiterated an Outperform rating and $26.00 price target on Nuance Communications (NASDAQ: NUAN) following the company's 3Q earnings report. NUAN reported revenues of $484.9M, slightly below the Streets $489.5M forecast due to a weak performance in the Healthcare segment. EPS of $0.38 rose 19.7%year-over-year, beating the... More
Needham & Company Raises Price Target on NeoPhotonics (NPTN) Following 2Q Results
August 9, 2016 6:53 AM EDTNeedham & Company reiterated a Strong Buy rating on NeoPhotonics (NYSE: NPTN), and raised the price target to $20.00 (from $18.00), following the company's 2Q earnings report. By CY4Q end, Neo should be producing roughly 75,000 iTLAs per quarter up from 28,000 in CY1Q. Needham increased revenue... More
Sina Corp (SINA) Tops Q2 EPS by 12c; Boosts FY16 Sales Outlook
August 8, 2016 4:35 PM EDTSina Corp (NASDAQ: SINA) reported Q2 EPS of $0.27, $0.12 better than the analyst estimate of $0.15. Revenue for the quarter came in at $244 million versus the consensus estimate of $231.69 million.
GUIDANCE:
Sina Corp sees FY2016 revenue of $950-1000 million, versus prior... More
Needham & Company Remains Bullish on ON Semiconductor (ON) Following 2Q
August 8, 2016 2:28 PM EDTNeedham & Company maintained a Buy rating and $14.00 price target on ON Semiconductor (NASDAQ: ON) following the company's 2Q earnings report. Revenue for the second quarter exceeded the high-end of guidance at $877.8 million, higher than expectations of $855 million. Non-GAAP EPS was reported at $0.23, inline with estimates.... More