Category: Large Cap Growth Stocks

Major Movers on May 24; CRM, ARO, ANF, DF, SHLD, BLOX

Shares of Salesforce.com Inc. (NYSE: CRM) slumped about 8% by afternoon trade. The cloud software maker reported fiscal first quarter results late on Thursday. Even though non-GAAP earnings were in-line with estimate and revenue topped expectation, investors were disappointed due to sequential decline in deferred revenue and earnings guidance for the current quarter. Deferred revenue is a key gauge for future orders as the Company follows subscription based business model.  Net loss also widened in the first quarter as higher interest expenses and operating costs put pressure on the bottom line.

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Infoblox Rally after Q3 Results and FY 2013 Revenue Guidance (BLOX)

Shares of Infoblox Inc. (NYSE: BLOX) rallied on Friday after the automated network controller, late last evening reported better-than-expected earnings and revenue for the fiscal third quarter and provided upbeat guidance for the current quarter.

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Marvell Technology Provides Upbeat Q2 Guidance, Shares Rally (MRVL)

Marvell Technology Group Ltd. (NASDAQ: MRVL) reported late on Thursday that its fiscal first-quarter earnings slumped 44% as higher operating costs and lower revenue weighed on the bottom line; however, shares rallied about 5.20% in aftermarket hours as adjusted earnings and revenue topped Wall Street’s expectations.

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Major Movers on May 23; WDAY, HPQ, LPS, HEI, DLTR

Workday Inc. (NYSE: WDAY) gained on Thursday after the software provider for financial and human resources management said late last evening that sales soared 61% in the fiscal first quarter. The Company not only topped revenue estimate but adjusted loss was also lower-than-expected. Workday also raised its full-year revenue guidance.

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Hewlett-Packard Provides Upbeat Earnings Outlook for Q3, Beats Q2 Earnings Estimate (HPQ)

Hewlett-Packard Company (NYSE: HPQ) reported late on Wednesday that its fiscal second-quarter profit fell 32% as revenue declined across all segments; however, shares rallied in aftermarket trading as adjusted earnings topped street’s estimations, thanks to cost cutting measures. The Company also provided optimistic guidance for the current quarter.

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Major Movers on May 22; ZLC, NTAP, TGT, TOL, SKS

Shares of Zale Corp. (ZLC) catapulted more than 20% by afternoon trade after the jewelry retailer reported on Wednesday that it swung into fiscal third quarter profit. The Company also announced that the appointment of its new Chairman, Terry Burman, who previously served at the Chief Executive at rival firm, Signet Jewelers Ltd. For the fiscal third quarter ended April 30, Zale reported a net income of $5.05 million or 13 cents a share compared to year-earlier loss of $4.53 million or 14 cents a share. Revenue edged down 0.6% to $442.7 million, in the fiscal third quarter. Analysts’ consensus estimate was for earnings of loss of penny a share on revenue of $443 million. Gross margin widened to 52.6% from 51.3%, in the same quarter of last fiscal. Comparable-store-sales rose 1.4% while analysts’ consensus estimate was for 2% fall.

Continue reading Major Movers on May 22; ZLC, NTAP, TGT, TOL, SKS

Major Movers on May 21; CCL, MDT, TIVO, SKS, URBN

Shares of Carnival Corporation (NYSE: CCL) fell about 4.30% by afternoon trade after the cruise company late on Monday downwardly revised its full-year outlook. Higher costs, current pricing strategy has resulted in more-than-expected dip in revenue yields, the Company said. Besides, higher-than-expected number of voyage cancellations is also expected to weigh on the top line. Carnival Corp now expects earnings of $1.45 to $1.65 a share down from its initial guidance of $1.80 to $2.10 a share. Revenue yields are expected to drop between 2% and 3% compared to original forecast of flat revenue yields.

Continue reading Major Movers on May 21; CCL, MDT, TIVO, SKS, URBN