Avid watchers of FireEye Inc (NASDAQ:FEYE) must be wondering as to why the stock nosedived and shed nearly half of its value during the last six months. The answer to the lingering question comes from FBN’s Charles Payne, who tried to explain the reason behind the drop, on a show featured on FoxBusiness. Insiders To Be Blamed Payne said that “FireEye Inc (NASDAQ:FEYE) was a rocket ship and it got to head for itself.” Payne said that FireEye is a provider of virtual machine based security platform that climbed to its glory during the Target Corporation (NYSE:TGT)’s data breach. Payne…
Author: Neha Gupta
Adobe Systems Incorporated (NASDAQ:ADBE) hit an all time high on Wednesday after it reported an upbeat earnings and an increase in quarterly revenue for the first time in the last five quarters. The company’s President, Chief Executive Officer, Shantanu Narayen, highlighted the reasons in play behind the company’s turnaround, during an interview with Fox Business. Impressive Execution Narayen expressed his opinion about the execution of Adobe Systems Incorporated (NASDAQ:ADBE) strategy to shift towards the subscribtion based model for its products. He said: “We always talked about the need to innovate faster to be able to attract next generation of customers…
Replicating Tesla Motor Inc (NASDAQ:TSLA)’s Gigafactory plans, Elon Musk’s SolarCity Corp (NASDAQ:SCTY) has acquired Silevo, which is a solar module manufacturer, in order to get its own share of the solar manufacturing market. As of now the solar panel manufacturing is highly concentrated in China, but now with the acquisition of Silevo, SolaCity plans to set up its facility in Buffalo and give a direct competition to the Chinese manufacturers. During an interview with Bloomberg, SolarCity Corp (NASDAQ:SCTY)’s CEO, Lyndon R. Rive explained the cost effectiveness about its plans and the role of Elon Musk in making the decision. Though…
A discussion that was centered on the valuation of technology stocks at the show, “Opening Bell with Maria Bartirama” on Fox Business, started with the recent fund raising by UBER Technologies Inc., which has recently been valued at $18 billion. On being asked about what does the valuation, seen in private space, reveal about the public market, Ann Winblad, co-founder of Hummer Winblad Venture Partners said that Uber is a well-run company and has an experienced team of investors that will drive its potential to become a large and long-term company. On being asked about her opinion on companies like…
In his show “Payne’s Picks” on Fox Business, Charles Payne discussed the shares of Intuitive Surgical Inc. (NASDAQ:ISRG) and how it’s robotic surgery methodology called the “da Vinci” Surgical System can prove to be positive for its stock going ahead. Payne mentioned that Intuitive Surgical Inc. (NASDAQ:ISRG) has performed nearly 1.5 million surgical procedures using the da Vinci machine. As he described the machine, he said “execution has been inconsistent, including a huge mess last quarter”. But he added: “I think the efficacy problem will be resolved also. The value proposition in my mind is pretty clear to hospitals. You speak…
Ahead of the Wednesday morning trade, Fox Business tried to find out from experts about the stocks that investors should include in their watchlists. Retail Analyst Hitha Prabhakar and Penn Financial Group Founder, Matt McCall list out their best choices for the investors. Hitha Prabhakar, places Alibaba.com among the companies that investors should closely follow. She said that the company is soon to launch its IPO in August and has disclosed its board members ahead of the IPO. Prabhakar said, “They have just announced their executive, board. One man is Jerry Yang and the other one is J. Michael Evans, who…
On the Fox Business show “Ask Payne”, Charles Payne gave the, ‘Ask Payne Speed Round’ to his followers who can get answers to their stock related questions that they have asked him through emails and tweets. Answering to round of questions fired one by one quickly onto him by his colleague Kate, Payne also took a question on the recent decision taken by Tesla Motors’s (NASDAQ:TSLA) CEO, Elon Musk. The decision related to the opening up of patents that Tesla Motors (NASDAQ:TSLA) had on electric vehicle development in order to boost the manufacturing of electric vehicles by competitors i.e. as…
Reporting about the upcoming event to be held by Amazon.com, Inc. (NASDAQ:AMZN) on 18 June, 10 am in Seattle, Kara Tsuboi, news correspondent for Cnet, discussed the details of the event with Cnet Senior editor Jessica Dolcourt. Kara showed an invitation send to the press members by Amazon.com, Inc. (NASDAQ:AMZN) CEO Jeff Bezos which represented an invitation note pasted on the top of a book by the name “Mr. Pine’s Purple Book” which Bezos claimed to be his childhood favorite book. On being asked about what the book could mean, Dolcourt said “The book is about 50 white houses all…
Recently, The New York Times has released a detailed profile of Apple Inc. (NASDAQ:AAPL)’s CEO, Tim Cook, describing how he is leaving his mark on the company. One of the big takeaways from the published piece involves that Cook is less involved in product innovation, unlike Steve Jobs, and is much focused on cultural changes and assembling a team. However, Cook is portraying himself as a different leader with taking the issues of social responsibility and environmentalism. In its report, the NYT quoted Jonathan Ive, the head of design at Apple Inc. (NASDAQ:AAPL), stating: “People felt exactly the same way when…
In a conversation with Christine Tan of CNBC, the Chairman and Chief Executive Officer of SINA Corp (NASDAQ:SINA), Charles Chao, has discussed the currents plans for his company and the future outlook. Chao stated that if a company wants to make a lot of money it should create a big platform. Therefore SINA plans to spend more energy and money focusing primarily on user growth. Hence it is clear that the company’s efforts would be going towards enhancement of its user base and user activities on its Weibo platform. With the current focus on user growth, by 2016, the company…
The Squawk Box crew of CNBC Television reports that Priceline Group Inc. (NASDAQ:PCLN) has finalized its acquisition of Open Table Inc. (NASDAQ:OPEN) for $2.6 billion. This amounts to $103 per share in cash, which is a whopping 46% premium above yesterday’s closing price of the Open Table’s shares. So what is in it for Priceline? The answer is simple: Growth. Open Table has a base of close to 15 million users who are known to be booking restaurant tables in over 31,000 restaurants. In addition to such a vast user base and network, Open Table has potential for growth through…
In a conversation with Fox News correspondent, Cheryl Casone, Napolean Media Group founder, FrankyArriola, discusses the new initiatives of Facebook Inc. (NASDAQ:FB) as regards advertisements. The company has announced that it would let its users control the advertisements that they want to see. At the same time the company will also review the browsing habits of its users and share it with its advertisers. This study is to clearly understand the likes and preferences of the Facebook users. The big question is whether these initiatives would be seen as too much of intrusion by Facebook Inc. (NASDAQ:FB) into the personal…