Category: Large Cap Growth Stocks

Netflix U.S. Subscribers Can Now Sync Netflix Accounts with Facebook (NFLX, FB)

Movie streaming and DVD rental company, Netflix Inc. (NASDAQ: NFLX) announced on Wednesday that it will add new features in its video services which would allow its U.S. subscribers to link their Netflix accounts with Facebook (NASDAQ: FB). As a result, Netflix users will now be able to track viewing history of their Netflix-watching friends on Facebook. Besides, the new feature will also allow Netflix users to share what they have viewed with their Facebook Friends.

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Peregrine Pharmaceuticals Reports Narrower Q3 Loss (PPHM)

Peregrine Pharmaceuticals (NASDAQ: PPHM) reported late on Tuesday fiscal third quarter results which showed losses were less-than-expected as its revenue jumped more than twofold while lower research and development related costs bolstered the bottom line. The Company is now pinning hopes on its lung cancer treatment drug bavituximab whose development came to a halt after questions were raised regarding its efficacy.

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Major Movers on March 12; PAY, URBN, YUM, COST, AAPL, RHT

Shares of VeriFone Systems Inc. (NYSE: PAY) gained on Tuesday after the card payment machine maker said that its CEO Douglas Bergeron will step down from his position. Bergeron, who served as the CEO for VeriFone for last 12 years, will be replaced by current chairman Richard McGinn on an interim basis. The Company said that it has formed a committee to find Bergeron’s successor.

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Costco Wholesale Corp’s Q2 Revenue Jumps 8.3%, Edge Past Street’s Estimates (COST)

Costco Wholesale Corporation (NASDAQ: COST) reported that fiscal second-quarter earnings climbed 39% year-on-year as customers in the backdrop of macroeconomic uncertainty preferred making bulk purchases from its warehouses.

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Major Movers on March 11; CSIQ, BBRY, DKS, ZNGA, GNW

Shares of Canadian Solar Inc. (NASDAQ: CSIQ) slumped about 11% after the company reported that its losses in the fiscal fourth quarter widened as it shipped fewer number of solar modules. Since last one year, Canadian Solar’s top line has felt the pinch in the backdrop of lackluster demand for its solar panel and equipment. Due to excess supply of low priced solar panels from China, prices of wafer and modules have fallen sharply.

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Dell and Icahn Enter Confidentiality Agreement (DELL)

Billionaire investor Carl Icahn said on Monday that he has entered into a confidentiality agreement with Dell Inc. (NASDAQ: DELL) possibly putting an end to an altercation over computer maker’s $24.4 billion sale. The agreement would allow Icahn to have access over Dell’s financial records. Icahn’s company, Icahn Enterprises, has said it holds a substantial stake in the company. However, it still unclear how much stake Icahn holds in Dell.

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Major Movers on March 8; P, SKUL, ANN, THO, ZQK

Pandora Media Inc. (NASDAQ: P) shares rallied on Friday after the Internet radio company, following closing bell on Thursday, reported narrow-than-expected loss in the fiscal fourth quarter and revenue which beat analysts’ consensus estimate. The Company also provided upbeat guidance on the fiscal first quarter. Separately, Company’s Chief Executive, President and Chairman, Joseph Kennedy said that he will step down from his position. The Company is in look out for successor and Kennedy will continue to lead the company until his replacement is found.

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Pandora Media Provides Upbeat Guidance on Q1, Shares Rally (P)

Shares of Pandora Media Inc. (NYSE: P) rallied over 15% on Friday after the Internet radio company late last evening reported lower-than-expected fiscal fourth-quarter loss and provided upbeat outlook on the current quarter, thanks to its growing traction. The Company said that it commands nearly 8% of total radio listening.

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Finisar Q4 Outlook In-Line With Street’s Forecast (FNSR)

Telecommunications-equipments and solutions provider, Finisar Corporation (NASDAQ: FNSR) reported late last evening that it swung into  a loss in its fiscal third quarter bottom line felt the pinch due to dip in revenue and higher expenses.

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