Large Cap Growth Stocks – Page 19

Major Movers on June 25; NFLX, BKS, WAG, P, IPXL

Shares of Netflix Inc. (NASDAQ: NFLX) fell 3% by afternoon trade after Bernstein’s senior equity analyst, carlos Kirjner downgraded the internet streaming company’s stock to “underperform” from “market-perform”. Bernstein has a price target of $180. The firm said current valuation reflected “unrealistic expectations.” In his research note, Kirjner wrote, “We believe Netflix will grow its subscriber base, will expand its margins and will be able to replicate its business model in different geographies….However, we also believe that the stock’s current valuation reflects unrealistic expectations across all major economic and strategic levers of the business.”

Continue reading Major Movers on June 25; NFLX, BKS, WAG, P, IPXL

Lennar Corp. Q2 Results Beat Estimates (LEN, TOL)

Lennar Corp. (NYSE: LEN) said on Tuesday that fiscal second quarter net income fell by 70% as the company had unfavorable comparables (more tax gains in the year earlier quarter); however shares climbed as both revenue and earnings exceeded street’s estimate. Strong growth in new orders and increase in home prices boosted the top line growth.

Continue reading Lennar Corp. Q2 Results Beat Estimates (LEN, TOL)

Vodafone Enters into Euro 7.7 billion Acquisition Deal with Kabel Deutschland (VOD)

Vodafone Group Plc (ADR) (NASDAQ: VOD) announced on Monday that it has agreed to acquire, Germany’s leading cable operator Kabel Deutschland in deal valued at 7.7 billion euro (approximately $10 billion). The move will allow Vodafone to expand its traction in TV and fixed-line business at time when competition is intensifying in these businesses across Europe. The acquisition will help Vodafone to expand its customers’ base for its cellphone and broadband services in Germany.

Continue reading Vodafone Enters into Euro 7.7 billion Acquisition Deal with Kabel Deutschland (VOD)

Major Movers on June 24; VHS, THC, ISIS, STEC, KEYN, AGN, DE

Shares of Vanguard Health Systems Inc. (NYSE: VHS) rallied more than 65% by afternoon trade on Monday. The hospital services provider, Tenet Healthcare Corp. (NYSE: THC) agreed to buy Vanguard Systems in a transaction valued at $1.63 billion. The acquisition will help Tenet to diversify its healthcare service business.

Continue reading Major Movers on June 24; VHS, THC, ISIS, STEC, KEYN, AGN, DE

Tenet Healthcare to acquire Vanguard Health Systems (THC, VHS)

Tenet Healthcare Corp. (NYSE: THC) announced on Monday that it has agreed to acquire Vanguard Health Systems Inc. (NYSE: VHS) in a deal valued at about $1.63 billion. The move will allow Tenet Healthcare to diversify its healthcare service business.

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Major Movers on June 21; ZNGA, ORCL, KMX, DRI, THRX

Shares of Zynga Inc. (NASDAQ: ZNGA) plunged about 4.65% by afternoon trade. Morgan Stanley’s analyst Scott Devitt downgraded the social game maker’s stock to “underweight” from “overweight”. The research reports said that the popularity of its titles such as “FarmVille” “Poker” was fading fast as the competition was rising, adding that Zynga still relies far too heavily on Facebook Inc (NASDAQ: FB) to attract gamers. The research report said that company’s transition towards mobile gaming business will take some more time. Devitt thinks that Zynga might also slash more jobs in the futures, citing that it still employs more than required staff, which is weighing on EBITDA margin, the report added.

Continue reading Major Movers on June 21; ZNGA, ORCL, KMX, DRI, THRX

Major Movers on June 20; MU, NOK, MSFT, GME, RAD, FNSR, WMGI

Micron Technology Inc, (NASDAQ: MU) plunged about 3.15% by afternoon trade. Across-the-board sell-off in U.S. equities on Thursday could be the only reason why Micron shares are sliding. The Company handed better-than-expected fiscal third quarter results on Wednesday. For the quarter, the company reported adjusted earnings of 4 cents a share on revenue of $2.32 billion while analysts’ consensus estimate was for earnings of 2 cents a share on revenue of $2.25 billion. On Thursday, at least five brokerage firms lifted their price target on Micron Technology’s shares. Continue reading Major Movers on June 20; MU, NOK, MSFT, GME, RAD, FNSR, WMGI

Wright Medical and MicroPort Medical Signs a Definitive Acquisition Deal for $290 million (WMGI)

Wright Medical Group Inc. (NASDAQ: WMGI) announced on Wednesday that it has entered into a definitive agreement with MicroPort Medical B.V. under which MicroPort Scientific Corp, (a subsidiary of MicroPort Medical) will buy Wright’s OrthoRecon business in deal valued at $290 million.

Continue reading Wright Medical and MicroPort Medical Signs a Definitive Acquisition Deal for $290 million (WMGI)

Finisar Corp Provides Upbeat Q1 Earnings Guidance, Shares Rally in Afterhours (FNSR)

Finisar Corporation (NASDAQ: FNSR) said late last evening that its fiscal fourth-quarter net income slumped 78% as acquisitions related write-downs and charges offset the communication solution provider’s improved revenue growth and higher margin.

Continue reading Finisar Corp Provides Upbeat Q1 Earnings Guidance, Shares Rally in Afterhours (FNSR)

Major Movers on June 19; ADBE, ALU, TTEK, LZB, FDX

Adobe Systems Inc. (NASDAQ: ADBE) jumped about 6.50% by afternoon trade. Adobe Systems, which develops popular software such as Photoshop and Acrobat reported better-than-expected earnings for the fiscal second quarter and revenue which matched Street’s expectation., late on Tuesday In the recently concluded quarter, Adobe added 221,000 Creative Cloud subscribers and now has a subscribers base of 700,000.

Continue reading Major Movers on June 19; ADBE, ALU, TTEK, LZB, FDX