FireEye Inc (NASDAQ:FEYE), Palo Alto Networks Inc (NYSE:PANW), and Splunk Inc (ANSDAQ:SPLK) were named as Ed Maguire’s picks in the cybersecurity industry in a recent interview with CNBC. The CLSA senior analyst and managing director explained to the Fast Money team why he has given Splunk Inc (NASDAQ:SPLK) a Buy rating. Furthermore, he explained why he is eyeing FireEye Inc (NASDAQ:FEYE) and Palo Alto Networks Inc (NYSE:PANW). Asked what could be the best plays in the cybercrime space, he said that he and his team like Splunk Inc (NASDAQ:SPLK). Furthermore, he mentioned that FireEye Inc (NASDAQ:FEYE) is good at managing…
Author: Solon Harmony B. Dolor
Google Inc (NASDAQ:GOOGL) is in a unique position to help advance the study of Autism with its new partnership with Autism Speaks, Bob Wright said in a recent interview with Bloomberg television’s Betty Liu. The Autism Speaks co-founder and former NBC Universal chairman and CEO said that this new partnership is a “collaboration between business, science and philanthropy to do something that will not get done in our National Institutes of Health-driven, academic world.” According to the executive, they are announcing this tie-up with Google Inc (NASDAQ:GOOGL) now because the project is up and running. He revealed that the project…
Best Buy Co Inc (NYSE:BBY) and RadioShack Corporation (NYSE:RSH) were pitted against each other in terms of the success they are getting in their turnaround efforts in a discussion Joe Feldman had with CNBC. According to the Telsey Advisory Group assistant director of research, Best Buy Co Inc (NYSE:BBY) is doing a better job as it has made a lot of progress, has cut costs and fairly stabilized sales. Feldman also mentioned that the recent announcement by the company to increase its quarterly dividend to $0.19 from $0.17 is reflective of the fact that the company is feeling good about…
Netflix, Inc.’s (NASDAQ:NFLX) troubles with internet speed and its delivery of content to subscribers was explained by Jerry Kent in a recent interview with Bloomberg’s Betty Liu. Liu started the discussion by telling the Suddenlink Communications Chairman and CEO about Netflix, Inc.’s (NASDAQ:NFLX) recent announcement that they are testing the speed of streaming on various broadband networks. The content distributor basically says that when subscribers experience buffering, it’s the fault of internet service providers and not Netflix, Liu continued. The discussion is sparked by the assertion Netflix, Inc. (NASDAQ:NFLX) has been making for some time that they are not at…
Facebook Inc (NASDAQ:FB) launching a financial service business is one of the things Kevin O’Leary is hoping that the social media giant will do, he revealed in an interview with CNBC. The comment comes as David Marcus was hired by the world’s largest social networking site and sparked talk that the company is developing a financial service offering that will rival eBay Inc’s (NASDAQ:EBAY) PayPal. Marcus was the president of PayPal. Talking about the possible launch of such a service by Facebook Inc (NASDAQ:FB), the “Shark Tank” investor said: “I certainly hope so. It would be one of the most…
Amazon.com, Inc. (NASDAQ:AMZN) is a threat that eBay Inc (NASDAQ:EBAY) should pay attention to, Jon Fortt said in a discussion on CNBC’s Squawk Alley. The comment comes after Amazon has been reported to be challenging eBay in the mobile payments space. Jon Steinberg started the discussion by saying that eBay Inc (NASDAQ:EBAY) which owns PayPal should be really worried. PayPal is currently the biggest player in the mobile payments space. According to Steinberg, there is already an appeal to for Amazon.com, Inc. (NASDAQ:AMZN) especially for people who buy from third-party retailers on their marketplace because the company alleviates fear of…
Apple Inc. (NASDAQ:AAPL) stock is not worth chasing at the moment, Colin Gillis remarked in a discussion on CNBC’s Fast Money. The BGC Financial director of research and senior technology analyst said that there is no real new news for the iPhone-maker aside from its recent 7-for-1 stock split. Furthermore, he noted that estimates for Apple Inc. (NASDAQ:AAPL) have been actually going down a bit over the last four weeks for its June, September and even December quarter. Discussing what has changed in terms of the discussion surrounding the company, he cited that there are the upcoming iPhone 6 and…
Microsoft Corporation (NASDAQ:MSFT) should exit the gaming industry, Josh Brown reacted after a report on CNBC about the company’s event at the Electronic Entertainment Expo (E3). The comment came after CNBC’s Julia Boorstin reported about Microsoft Corporation (NASDAQ:MSFT) Xbox division chief Phil Spencer commencing the company’s press event at the conference. The CNBC team agreed that the lack of games for the Xbox One is certainly a factor as to why the gaming console is not selling as well as the PlayStation 4. According to the FMHR trader, gaming is not a great business for the Windows-maker. Brown said that…
A Facebook Inc (NASDAQ:FB) shareholder is suing Mark Zuckerberg and other members of the company’s board of directors for allegedly wasting company resources, a report from John Fortt reveals. Ernesto Espinoza, a Facebook Inc (NASDAQ:FB) shareholder, filed Friday night at the Delaware Chancery Court the lawsuit which questioned the propriety of paying non-employee directors an average of $461,000 each last year. According to Fortt, that is well above industry standard. However, the CNBC contributor noted that Google Inc (NASDAQ:GOOGL) also pays its directors right around that sum. Furthermore, the lawsuit filed against Facebook Inc (NASDAQ:FB) asks the company to recoup…
Here is some good news for Netflix, Inc. (NASDAQ:NFLX) and companies just like it as results from a new study by the Leichtman Research Group, Inc. (LRG) say that almost half of US households have subscriptions to streaming services, a report from Stuart Varney reveals. According to LRG, 47% percent of households in the country subscribe to Netflix, Inc. (NASDAQ:NFLX), Amazon.com, Inc. (NASDAQ:AMZN), or Hulu, or a combination of the three. The insight was gained in LRG’s Emerging Video Services study, now in its eight year. The study was based on a survey of 1,211 households throughout the country. Furthermore,…
Shana Glenzer explained in a new interview with Fox Business how Twitter Inc (NYSE:TWTR) hashtags can be the new vehicle for advertising. Speaking with Stuart Varney, the SocialRadar.com social marketing VP was asked how this “#hashtag advertising” works as people in the advertising industry are talking about companies doin the “hashtag route” as well as the “TV route”. The interview comes as the 2014 FIFA World Cup is about to commence in Brazil. According to Glenzer, given that there are few advertising opportunities during these long football games, companies will be competing with each other to get their hashtags trending…
Apple Inc. (NASDAQ:AAPL) is changing its attitude towards apps, Bridget Carey said in a CNET report. According to Carey, the iPhone-maker is giving developers more freedom in terms of what their apps can do. This is after the announcements made by Apple Inc. (NASDAQ:AAPL) at its annual Worldwide Developers Conference (WWDC). The CNET host explained: “There were several tiny changes [Apple made] that could make a big impact. Apple is loosening its grip of controlling what apps can do and the developers now can tinker more with the iPhone experience. They can make new styles of on-screen keyboards which was…