Pre-Open Movers 8/31: (FFN) (SPLK) (OVTI) Higher; (GMAN) (ZUMZ) (FB) Lower (more...)

Go back to Pre-Open Movers 8/31: (FFN) (SPLK) (OVTI) Higher; (GMAN) (ZUMZ) (FB) Lower (more...)

For Every Positive Facebook (FB) Analyst, There are Multiple Negative Ones

August 31, 2012 8:56 AM EDT

Facebook (NASDAQ: FB) tapped new all-time lows in pre-open trading Friday as analysts continue to trash the social media juggernaut.

Today, two analysts are taking Facebook to the mat and cutting price targets - one well below the current market price.
... More

Oppenheimer Reiterates an 'Outperform' on Zumiez, Inc. (ZUMZ); Charges Cloud Solid Quarter

August 31, 2012 8:51 AM EDT

Oppenheimer reiterates an 'Outperform' on Zumiez, Inc. (NASDAQ: ZUMZ) price target of $45.00.

Analyst, Pamela Quintiliano, said, "ZUMZ reported non-GAAP 2Q12 EPS of $0.17, better than our/consensus $0.13 and $0.12-0.14 guidance (ex. acquisition/1x time costs). Revenues +20% on +9.5% comps (vs. 7.5% LY) with e-commerce +40%. GM... More

Canaccord Genuity Reiterates a 'Buy' on OmniVision Technologies (OVTI); Resurfacing as a Contender

August 31, 2012 8:48 AM EDT

Canaccord Genuity reiterates a 'Buy' on OmniVision Technologies (NASDAQ: OVTI) price target of $20.00.

Analyst, Bobby Burleson, said, "While elevated production costs and taxes constrain earnings power near term, OVTI's strong revenue guide means the company remains a contender at the high end.... More

Needham & Company Maintains a 'Buy' on OmniVision Technologies (OVTI); Record Revenues, But Historic Low GMs

August 31, 2012 8:23 AM EDT

Needham & Company maintains a 'Buy' on OmniVision Technologies (NASDAQ: OVTI) price target of $21.00 (from $18.00).

Analyst, Rajvindra S. Gill, said, "We maintain our rating and increase our price target following a significant top line beat for the July quarter and October guidance... More

Jefferies Maintains a 'Buy' on Esterline Tech (ESL); Q3 Review

August 31, 2012 8:01 AM EDT

Jefferies maintains a 'Buy' on Esterline Tech (NYSE: ESL) price target of $75.00.

Analyst, Howard A. Rubel, said, "ESL reported Q3:12 EPS of $1.12 vs. our estimate of $1.11. Management narrowed the low end of its FY12 EPS guidance range to $4.90-$5.00 from $4.87-$5.00. Our FY12... More

UPDATE: Oppenheimer Upgrades Corning (GLW) to Outperform, Sees Limited Downside and Lots of Upside

August 31, 2012 7:17 AM EDT

(Updated - August 31, 2012 7:55 AM EDT)

Oppenheimer upgraded Corning (NYSE: GLW) from Perform to Outperform with a $16 price target.

The firm said the stock has has limited downside - given share buybacks and a good dividend - plenty of upside potential from... More

Janney Montgomery Scott Maintains a 'Neutral' on Zumiez, Inc. (ZUMZ); Adjusting Numbers on Mixed Results

August 31, 2012 7:17 AM EDT

Janney Montgomery Scott maintains a 'Neutral' on Zumiez, Inc. (NASDAQ: ZUMZ) price target of $29.00 (from $36.00).

Analyst, Adrienne Tennant, said, "...We believe the Blue Tomato acquisition provides room for future earnings growth, but note that it is now not expected to be... More

JPMorgan Upgrades TeleCommunication Systems (TSYS) to Overweight

August 31, 2012 6:50 AM EDT

JPMorgan upgraded TeleCommunication Systems (NASDAQ: TSYS) from Neutral to Overweight.

For an analyst ratings summary and ratings history on TeleCommunication Systems click here. For more ratings news on TeleCommunication Systems click here.

Shares of TeleCommunication Systems closed at $1.62 yesterday, with a 52 week range of $1.10-$4.03.... More

Omnivision Technologies, Inc. (OVTI) Misses Q1 EPS by 1c; Issues Q2 Outlook

August 30, 2012 4:19 PM EDT

Omnivision Technologies, Inc. (NASDAQ: OVTI) reported Q1 EPS of $0.21, $0.01 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $258.1 million versus the consensus estimate of $243.77 million.

Sees Q2 2013 EPS of $0.21-0.37, versus the consensus of $0.28. Omnivision Technologies sees Q2 2013... More

Sirius XM Radio (SIRI) CEO Karmazin To Sell Up to 30M Shares Under 10b5-1

August 30, 2012 4:11 PM EDT

Sirius XM Radio (NASDAQ: SIRI) CEO, Mel Karmazin, has adopted a trading plan for SiriusXM common stock in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

Under the plan, up to 30 million options to purchase SiriusXM shares will... More

Splunk (SPLK) Tops Q2 EPS by 3c; Boosts FY13 Outlook; Guides Q3

August 30, 2012 4:08 PM EDT

Splunk (NASDAQ: SPLK) reported Q2 EPS of ($0.01), $0.03 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $44.5 million versus the consensus estimate of $39.84 million.

Splunk sees Q3 2013 revenue of $45-47 million, versus the consensus of $44.66 million. Non-GAAP operating margin is... More

Esterline Technologies Corp. (ESL) Misses Q3 EPS by 1c, Guides FY

August 30, 2012 4:06 PM EDT

Esterline Technologies Corp. (NYSE: ESL) reported Q3 EPS of $1.12, $0.01 worse than the analyst estimate of $1.13. Revenue for the quarter came in at $485.9 million versus the consensus estimate of $488 million.

Esterline Technologies Corp. sees FY2012 EPS of $4.90-5, versus the consensus of $4.92. Esterline... More

Gordmans Stores, Inc. (GMAN) Reports In-Line Q2 EPS;Comps Up 0.1%; Guides FY12 EPS, Sales

August 30, 2012 4:04 PM EDT

Gordmans Stores, Inc. (NASDAQ: GMAN) reported Q2 EPS of $0.18, in-line with the analyst estimate of $0.18. Revenue for the quarter came in at $128.2 million versus the consensus estimate of $131.2 million.

Comparable store sales increased 0.1%.

Gordmans Stores, Inc. sees FY2012 EPS of $1.46-1.51,... More

UPDATE: Zumiez, Inc. (ZUMZ) Tops Q2 EPS Ex-Items, Issues Slighlty Lower Q3 EPS Guidance

August 30, 2012 4:01 PM EDT

(Updated - August 30, 2012 4:05 PM EDT)

(Updated - August 30, 2012 4:01 PM EDT)

Zumiez, Inc. (NASDAQ: ZUMZ) reported Q2 EPS of $0.07, or $0.17 ex-items, versus analyst estimate of $0.13. Revenue for the quarter came in at $135.1 million versus the consensus estimate of $135.52 million.
... More