Category: Large Cap Growth Stocks

Major Movers on May 20; SCTY, FSLR, FWLT, RAVN, WCRX, ACT

Shares of SolarCity Corp. (NASDAQ: SCTY) rallied about 14% by afternoon trade. The stock has been gaining since last week after the company announced that it entered in a financing deal with Goldman Sachs. According to the deal, Goldman Sachs will fund in excess of $500 million on solar projects managed by San Mateo, Calif. based Company.

Continue reading Major Movers on May 20; SCTY, FSLR, FWLT, RAVN, WCRX, ACT

Major Movers on May 17; ARUN, BRCD, ADSK, JCP, DE

Shares of Aruba Networks Inc. (NASDAQ: ARUN) tumbled about 26.50% by afternoon trade after the wireless equipment maker, late last evening, said that it swung into third quarter loss as the bottom line was felt the impact due to rising expenses, higher taxes. The Company also provided disappointing guidance for the fiscal fourth quarter. The Company now anticipates earnings come in the range of 10 cents to 12 cents a share on revenue range of $148 million to $150 million. Analysts polled by Thomson Reuters had most recently forecasted earnings of 17 cents a share on revenue of $157 million. Excluding onetime items, adjusted earnings stood at 11 cents a share in the fiscal third quarter compared to 16 cents a share, in the year-earlier quarter. Revenue jumped 12% to $147.1 million. Earlier in May the Company provided earnings guidance of 11 to 12 cents a share on revenue range of $144 million to $147 million.

Continue reading Major Movers on May 17; ARUN, BRCD, ADSK, JCP, DE

Applied Materials Swing into Loss in Q2, But Outlook for Orders Improving (AMAT)

Semiconductor equipment manufacturing Company, Applied Materials Inc. (NASDAQ: AMAT) said late on Thursday that it swung into a loss in its fiscal second quarter as it took big one-time charges related to restructuring and a write-down while the top line was hurt due to weak demand for its products from the solar industry.

Continue reading Applied Materials Swing into Loss in Q2, But Outlook for Orders Improving (AMAT)

Major Movers on May 16; CSCO, TSRO, INFI, AMD, TSLA

Shares of Cisco Systems Inc. (NASDAQ: CSCO) rallied about 12 % by afternoon trade after the network equipment maker, late last evening, reported better-than-expected results for the fiscal third quarter while its guidance on the current quarter was also in-line with analysts’ consensus estimate.

Continue reading Major Movers on May 16; CSCO, TSRO, INFI, AMD, TSLA

Kohl’s Beats Q1 Earnings Estimate, Expects Sales to Improve in Q2 (KSS)

Department chain, Kohl’s Corp (NYSE: KSS) reported on Thursday that its fiscal first quarter profit slipped 4.5% as higher margins were offset by slightly lower-than-expected sales; however, shares were gaining as adjusted earnings comfortably topped analysts’ estimation.

Continue reading Kohl’s Beats Q1 Earnings Estimate, Expects Sales to Improve in Q2 (KSS)

Major Movers on May 15; DE, GOOG, CSC, SPWR

Shares of Deere & Company (NYSE: DE) plunged about 4.50% by afternoon trade on Wednesday after the farms equipment manufacturer provided downbeat outlook for the second half of the current year.The Company now expects full-year sales to grow by 5% down from earlier guidance of 6%. The Company however handed better-than-expected adjusted earnings and revenue for the fiscal second quarter. For the fiscal second quarter ended April 30, Deere & Company posted net income of $1.08 billion or $2.76 a share compared to a profit of $1.06 billion or $2.61 a share, in the year-earlier quarter. Revenue rose 9% to $10.91 billion. Analysts’ consensus estimate was for earnings of $2.72 a share on revenue of $9.85 billion.

Continue reading Major Movers on May 15; DE, GOOG, CSC, SPWR