Facebook Inc (NASDAQ:FB) surprised the Street with an impressive 61% increase in revenues year on year for the second quarter on the back of its mobile advertising revenues. From analysts to investors, everyone now has their eyes set on how Facebook Inc (NASDAQ:FB) goes on to monetize Instagram and autoplay videos. On today’s edition of Squawk Alley on CNBC, Business Insider’s editor-in-chief & CEO, Henry Blodget, discussed the phenomenal quarterly results from the company. “This is what a lot of the bulls were saying at the IPO, just look down the road how leverageable this business is, it’s extraordinary, but…
Author: Sean Campbell
Amazon.com, Inc. (NASDAQ:AMZN) came out with its second quarter results on July 24, after the bell. The company surprised the Street with a net loss of $126 million, or $0.27 per share, compared to a loss of $7 million, or $0.02 per share it posted for the second quarter of 2013. The company’s revenue in the second quarter increased to $19.34 billion, up 23% on the year. The company has given a similar outlook for the third quarter, in which it expects an increase in revenue, but operating loss could increase to as much as $810 million. Amazon.com, Inc. (NASDAQ:AMZN) is also toying with…
Facebook Inc (NASDAQ:FB) came up with its second quarter results yesterday and surprised many on Wall Street with its Ad revenue through mobile devices, a whopping 62% of the company’s net revenue for the second quarter came from advertisements on mobile devices. Mark Mahaney, RBC Capital Markets managing director discussed future monetization of Facebook Inc (NASDAQ:FB) and how the company can increase its revenue by monetizing Instagram and autoplay video ads on today’s edition of CNBC’s ‘Street Signs.’ “I think this is not that far off from what we saw with Google Inc (NASDAQ:GOOGL) in 2004, 2005 and 2006. There…
Apple Inc. (NASDAQ:AAPL) is sitting on a cash pile of $164.5 billion, a sum that is enough money to buy any of the companies listed on the New York Stock Exchange or for that matter, NASDAQ, but when it comes to inorganic growth and acquisitions Apple Inc. (NASDAQ:AAPL)’s CEO, Tim Cook, has been disappointing the analysts on the Street for a long time. The Beats Electronics deal from earlier in the year was a mere $3 billion blip on Apple Inc. (NASDAQ:AAPL)’s multi-billion dollar radar. We are not saying that Apple Inc. (NASDAQ:AAPL) must go on a random shopping spree,…
Yahoo! Inc. (NASDAQ:YHOO) is increasingly in the news since last few weeks, even since The Alibaba Group’s IPO date is approaching, but that doesn’t answer why the company’s stock has been on an unstoppable ride up since late afternoon yesterday. Yahoo! Inc. (NASDAQ:YHOO)’s stock was hovering around the $33.8 figure throughout the day yesterday and then it suddenly spiked up and continued to rise to end the day at $34.71. The stock continues its run today as well, reaching $36.17 at 11:00 A.M. on the NASDAQ. While most of the Street is speculating on the reason behind the sudden rise in…
Apple Inc. (NASDAQ:AAPL) is known to keep a considerable distance of time between the launch of its new products, so it came a surprise to The Street when last year it launched the iPhone 5S and the iPhone 5c simultaneously. If the sources of Digitimes are to be believed, now it seems Apple Inc. (NASDAQ:AAPL) is learning from the past mistake by delaying the launch of its 5.5-inch phablet, also being called the ‘iPhone Air’ to a later date than what was rumored to be the same date as that of the launch of iPhone 6. “The different timetables have…
While International Business Machines Corp. (NYSE:IBM) is investing billions in the development of synthetic brains and quantum computing, Microsoft Corporation (NASDAQ:MSFT) took a cue from International Business Machines Corp. (NYSE:IBM)’s playbook and the result is its quantum computing research facility, aptly titled ‘Station Q’ located on the campus of the University of California, Santa Barbara. Microsoft Corporation (NASDAQ:MSFT) has hired the world’s top-notch mathematicians, physicists, computer scientists and researchers for Station Q to change how computing will work in the future. So, what is quantum computing? Michael Freedman, Station Q’s director, believes there is no simple way of explaining how…
Shares of CalAmp Corp.(NASDAQ:CAMP) plunged after-hours on the wireless technology company’s weak Q1 guidance and Q4 earnings miss. Fiscal 2014 Q4 EPS of $0.20 was $0.02 below the consensus of analysts polled by Capital IQ, and higher than EPS of $0.16 reported a year ago. Revenue increased 24% to $58.9 million, missing analyst estimates of $61.4 million, but higher than prior year earnings of $48.4 million.For fiscal 2015 Q1, CAMP sees EPS between $0.17-$0.21 on revenues of $56 million-$60 million, short of consensus for EPS of $0.23 on revenues of $64.3 million. Shares of CAMP are down 14.9% at $20.95 after-hours. Freescale…
Shares of Angie’s List Inc(NASDAQ:ANGI) are up more than 5% after the on-line, consumer-review site reported late Wednesday Q1 net loss narrowed to $0.06 per share from a loss of $0.14 for the same quarter last year, while revenues improved 39% to $72.7 million. The Street expected a loss of $0.07 per share on revenue of $72.3 million, according to Capital IQ estimates. In addition, the company reported a 35% gain in new subscribers, while the number of service providers increased 26%. ANGI last traded at $13.51, with a 52-week range of $11.61 to $28.32. Just after the earnings release after the close on…
Lorillard, Inc. (LO), the third largest U.S. tobacco company and owner of blu eCigs, slips Thursday after missing with Q1 earnings, but issuing revenue that topped the Street view. Q1 EPS increased 4.5% over last year to $0.69, below the consensus estimate in the Capital IQ survey for $0.72. Sales of $1.59 billion are up from $1.58 billion a year earlier and topping the Street view for $1.2 billion. Lorillard also responded to proposed regulations published today by the U.S. Food and Drug Administration (FDA) regarding the electronic cigarette industry: Lorillard applauds the Agency’s initial efforts to establish a reasonable…
Netflix Inc., (NASDAQ:NFLX) shares were trading up to $346.57 earlier today, breaking above recent downtrend resistance. At that price, next resistance is at the session high at $349.73. Support is at $342.57. Bloomberg earlier reported that the company was in talks with Vodafone (VOD) on a content deal. Pacific Crest upgraded its rating on Netflix (NFLX) to Outperform from Sector Perform on expectations the company’s international growth will accelerate meaningfully over the next 18 months. The firm has a $500 price target for shares. Analysts have a consensus price target of $359.71 on Netflix Inc., (NASDAQ:NFLX) which indicates a 6.42% upside.…
Google, Inc.(NASDAQ:GOOG) shares have been stuck in a tight range for the last several months and it is that range that is the primary technical feature ahead of results to consider. This “stair step” approach of long periods of consolidation followed by a sharp repricing of shares is typical of its price behavior. At the low $550 has been an important zone of support. At the high the $600 area has been resistance. For price, a move above $600 would be bullish particularly if the stock broke away from $600 with retesting that area. That would put the stock on track…