Wall St. suffers biggest drop since September
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- S&P, Dow futures steady as MidEast deal in focus; chip, software stocks tumble
- Sandisk unveils underwhelming outlook despite AI demand surge; shares slip
- Alphabet taps bond market with sweeping 10-part offering to fuel AI ambitions
- Citi says buy the pullback in memory stocks as upcycle is still in early innings
- SoftBank secures $10 billion loan backed by OpenAI stake
- Salesforce president Srini Tallapragada steps down, becomes advisor
- Sandisk (SNDK) Tops Q4 EPS by $4.66, Offers Guidance
- EverCommerce names Alex Goor as new CEO, founder steps down
- Crude Inventory Rose 2.5 Million Barrels Last Week - EIA
- AMD shares slide 8% after Musk flags plans to buy Nvidia chips for SpaceX
- After-Hours Stock Movers: WDC, SNDK, FIG, APP, HUBS, SOUN, DASH, XYZ, Z, FLNC
- After-Hours Movers: SPCX, AMD, ANET, PINS, APPS, UPST, ZETA, BKNG, LCID, CPNG, MTCH
- After-Hours Stock Movers: PLTR, SNAP, ON, ICHR, WGS, WHR
- After-Hours Stock Movers: AAPL, AMZN, COIN, RBLX, RDDT, AXTI, FND, WU, GDDY
- After-Hours Stock Movers: META, MSFT, CMG, SBUX, CVNA, LRCX, FTNT, QCOM, TDOC
UBS Reiterates Buy on Cisco Systems (CSCO) Following 1Q Results
November 13, 2015 9:43 AM ESTUBS reiterated a Buy rating and $33.00 price target on Cisco (NASDAQ: CSCO), following the company's 1Q16 earnings report. Cisco's results beat F1Q estimates and its F2Q EPS guidance was in-line. Sales in most of the segments, including Security, Switching and Data Center,... More
Traffic Slowdown Hits Comps; Cowen Cuts Price Target on Nordstrom (JWN) to $60
November 13, 2015 6:43 AM ESTCowen maintained an Outperform rating on Nordstrom (NYSE: JWN), and cut the price target to $60.00 (from $85.00), as traffic slows down for the company. 3Q comps of +0.9% were well below the Street's +3.6% estimate, as JWN saw a meaningful decrease in traffic across all channels, and comp... More
Cisco (CSCO) Posts Strong Q1 But Falls on Soft Outlook
November 12, 2015 5:21 PM ESTShares of Cisco Systems (NASDAQ: CSCO) are trading down 5% after-hours Thursday following better-than-expected first quarter results, which were overshadowed by second guidance that was below the Street.
Cisco's revenue in the first quarter grew 3.6% to $12.7 billion, which was in-line with the consensus. Non-GAAP EPS... More
USPTO Approves Patent for Apple's (AAPL) 'Liquid Expulsion From an Orifice'
November 12, 2015 3:52 PM ESTOn November 12th, the US Patent office approved a patent that Apple (NASDAQ: AAPL) submitted in May of last year for a device that could aid in "liquid expulsion from an orifice".
The patent stipulates that the device would have at... More
Competition Nothing New to PayPal (PYPL); Company Retains First-Mover Advantage - BTIG (AAPL)
November 12, 2015 8:49 AM ESTBTIG affirms PayPal (Nasdaq: PYPL) with a Buy rating and $48 price target amid reports that Apple (Nasdaq: AAPL) is planning to launch a P2P mobile payment platform.
The firm made the following key points:
Competitive threats are nothing new to PYPL - it seems like every year or two, during the past decade, a giant technology firm has tried to make... More