Tag: P

Goldman Sachs Upgrades Pandora Media To “Buy”

Shares of Pandora Media Inc. (NYSE: P) rallied in premarket trading on Friday after the online radio streaming company’s stock was upgraded to “buy” from “neutral” by Goldman Sachs’ analyst Heath Terry. In the research report, Heath Terry cited accelerating mobile and subscription revenue for the stock upgrade. The Price target on shares was lifted to $27 from $18. Terry said that the rising trend of buying online among local companies will help Pandora to better monetize its inventory.

Major Movers on June 26; FCFS, APOL, SWHC, SYNA, ADBE, P

Shares of First Cash Financial Services Inc. (NASDAQ: FCFS) slumped about 10.70% by afternoon trade. The pawn store operator, late last evening, handed downbeat earnings outlook for the fiscal second quarter and downwardly revised full year revenue guidance. For the fiscal second quarter, First Cash Financial Services Inc expects earnings to be in the range of 56 cents to 59 cents a share while analyst’ consensus estimate was for 60 cents a share. For the full-year fiscal, the Company expects revenue in the range of $275 million to $290 million down from earlier projection of $310 million to $324 million. Analysts’ forecast was for $310 million.

Continue reading Major Movers on June 26; FCFS, APOL, SWHC, SYNA, ADBE, P

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

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.

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

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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Major Movers on December 5; FCX, PXP, MMR, AAPL, C, MFRM, P, CHTP

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) shares plummeted nearly 14 percent on Wednesday after the company announced that it will acquire Plains Exploration & Production (NYSE: PXP) and McMoRan Exploration (NYSE: MMR)  in two separate deals estimated at $9 billion both in cash and stocks, as the company looks to expand its traction in energy sector. The deal would create a company with gold, oil and natural gas assets across the world.

Continue reading Major Movers on December 5; FCX, PXP, MMR, AAPL, C, MFRM, P, CHTP