Facebook Inc (NASDAQ:FB) and Twitter Inc (NYSE:TWTR) are increasingly providing more ROI for advertisers, Mark Mahaney said in an interview with Kayla Tausche on CNBC. The comment comes from the RBC Capital Markets managing director after his firm studied the return social media companies like Facebook Inc (NASDAQ:FB) and Twitter Inc (NYSE:TWTR) give to advertisers. The study, Mahaney said, was done in conjunction with Ad Age and involved about 17,000 marketers. He noted that as far as the company knows, this is one of the broadest surveys that has been done on this topic. According to Mahaney, they asked those…
Author: Solon Harmony B. Dolor
Today’s most notable movers are Yahoo! Inc. (NASDAQ:YHOO), MannKind Corporation (NASDAQ:MNKD) and American Apparel Inc (NYSEMKT:APP), according to Bloomberg. As a result of a Piper Jaffray Cos. Buy recommendation on Yahoo! Inc. (NASDAQ:YHOO), the company’s stock gained 1.9%. Piper Jaffray upgraded the stock from neutral to overweight because it views the company’s stake in Alibaba, which will soon have its initial public offering, to be undervalued. According to the firm, Yahoo! Inc.’s (NASDAQ:YHOO) stake in the Chinese firm will likely reflect a more realistic valuation as the IPO date comes nearer. Analysts Gene Munster and Douglas Clinton said in a…
Whether Universal Display Corporation (NASDAQ:OLED) is a good stock to buy was discussed by Charles Payne in a segment on Fox Business Network. The discussion about Universal Display Corporation (NASDAQ:OLED) was prompted by a viewer’s question about what to do with the stock. The viewer said: “What should I do with my OLED stock? I’m down over 12%. Thanks!” According to Payne, he does not know how his viewer Kathryn Bryan is down 12% on the stock because the stock has been up about 13% since it was featured on his program. Nonetheless, he explained what he said alarmed him…
Former Apple Inc. (NASDAQ:AAPL) CEO John Sculley is convinced that he can disrupt the world of the iPhone-maker and other big names in the industry like Samsung Electronics Co. Ltd. by offering affordable smartphones in emerging markets. The comment came from the former Apple Inc. (NASDAQ:AAPL) boss who also ran PepsiCo, Inc. (NYSE:PEP) in an interview on Bloomberg Television which also touched on startups. The interview also featured Jonathan Golub, RBC Capital Markets chief U.S. market strategist. During the interview, Sculley was asked about how Apple Inc. (NASDAQ:AAPL) CEO Tim Cook has a new challenge in scalability compared to the…
Michaels Companies Inc (NASDAQ:MIK) has just relisted after spending eight years as a private company and CNBC’s Seema Mody has analyzed the company’s initial public offering performance in a report on CNBC. According to the CNBC contributor, Michaels Companies Inc (NASDAQ:MIK) is the largest arts and crafts retailer in the U.S. Its stock, however, was priced at the low end of its range for the IPO at $17 per share, Mody noted. The stock, Mody added, is currently trading just above its offer price. Mody also added that the company, based in Irving, Texas, was taken private by Bain Capital…
Google Inc (NASDAQ:GOOGL) has shown its roadmap for the next decade with its announcements at its recent Google I/O conference, Prateek Alsi said in a recent interview on CNBC. The comment comes from the General Catalyst Partners Principal after Google Inc (NASDAQ:GOOGL) conducted its Google I/O conference where the company announced a lot of new offerings including Android L, its latest mobile operating system version; Material Design, the company’s new design language; Android Auto, the company’s car platform; Android TV, its new assault on the TV market; Android Wear, its wearables platform; and Android health, its health and fitness tracking…
Facebook Inc (NASDAQ:FB) or Twitter Inc (NYSE:TWTR), which is better? Exactly this was discussed by the Fast Money traders in a recent segment on CNBC. Guy Adami is optimistic about Facebook Inc (NASDAQ:FB). He said that at this levels and counting that the world’s biggest social networking company has not done anything significant lately, he believes that the company’s stock will reach $75 ahead of earnings. Furthermore, the Fast Money contributor said that analysts have to catch up. Adami also noted that fellow Fast Money traders Timothy Seymour “did a great job” and Steven Grasso “is well holding on”. He…
GoPro Inc’s (NASDAQ:GPRO) debut was definitely “oversubscribed,” Charlie Anderson told CNBC in an interview. The comment comes from the Dougherty & Company senior research analyst after GoPro Inc (NASDAQ:GPRO) had its initial public offering late Wednesday, which some say is the largest IPO by a consumer electronics company in over two decades. Anderson said that the deal was “oversubscribed” and that GoPro Inc (NASDAQ:GPRO) could have priced their stock higher. He said: “No doubt, really, the deal was way oversubscribed. There were, quite frankly, many institutional investors who wanted shares who couldn’t get any. They probably could have priced it…
NetGear, Inc.’s (NASDAQ:NTGR) future is in The Internet of Things, Patrick Lo, the company’s CEO, said in a discussion on Fox Business Network. The comment from the NetGear, Inc. (NASDAQ:NTGR) CEO comes after the company just unveiled its Nighthawk X6 router. The new router has six antennas, three Wi-Fi radios and a dual-core 1GHz processor. Built on the new Broadcom 5G Wi-Fi XStream chipset, it also is has 802.11ac and two USB ports. When asked about where the growth in NetGear, Inc. (NASDAQ:NTGR) is, the CEO explained: “Clearly the growth is the future in what we call The Internet of…
The Western Union Company (NYSE:WU) President and CEO Hikmet Ersek said in a recent interview with Bloomberg that the company will start to use bitcoins if and when the digital currency is regulated and becomes an official currency. The comment came from the The Western Union Company (NYSE:WU) CEO as he was talking to Trish Regan about the company’s security procedures and whether or not he sees a future in bitcoins with his business. Regan told Ersek that she will be speaking shortly with Barry Silbert, the Founder and Chairman of SecondMarket, a firm which will help the U.S. government…
Google Inc (NASDAQ:GOOGL) complying with the landmark “right to be forgotten” ruling in Europe is not good for the internet, Ben Huh said in a discussion on Bloomberg. Google Inc (NASDAQ:GOOGL), the world’s foremost search engine by volume of searches, has just started to remove search results to comply with a ruling the European Union has handed down to protect people’s privacy in the region. In a report by Scarlet Fu, the whole issue was prompted by people seeking their “right to be forgotten”. Fu explained that “Google has begun removing search results after the EU rule that it needed…
Former Apple Inc. (NASDAQ:AAPL) CEO John Sculley said in a recent interview on Bloomberg that the iPhone maker and the internet giant Google Inc (NASDAQ:GOOGL) are moving in different directions in the longer term. According to Sculley who ran PepsiCo, Inc. (NYSE:PEP) before being tapped to lead Apple Inc. (NASDAQ:AAPL) in its early days, people have gotten a fresh look and a deeper understanding of the future plans of Google Inc (NASDAQ:GOOGL) and the iPhone maker because both have just recently concluded their developers conferences. For him, he thinks that in the long term, both companies will be moving in…