Barrons : Tech Trader Daily (65)

KLA-Tencor Slips Despite Higher Q3 Forecast; Here Comes China NAND

Chip equipment maker traded down slightly in after-hours even though it beat quarterly expectations and forecast higher as well, as it sees an influx of orders from China for machines to make memory chips.

First Solar Vaults 12%: Raises Year Outlook as Prices 'Firm Up'

Solar energy technology firm First Solar was halted after market close and then jumped 12% higher in late trading, as it beat Q2 expectations, and raised its year outlook for its shipments and its revenue and profit, amidst strong industry pricing in the U.S. for the technology, it said.

Cypress Semi Jumps 4%: Raises IoT Outlook, Beats Automotive Worries

Cypress is raking in the money on connectivity and automotive chips, says chief executive Hassane El-Khoury in a conversation following quarterly results and outlook that topped analysts' expectations, and sent its shares up 4%.

Western Digital Reverses, Drops 4% on So-So Forecast

Shares of hard disk drive maker Western Digital initially traded higher after it beat its own profit forecast, but the stock sold off once it disclosed an outlook for revenue this quarter below Wall Street consensus.

Twitter Plunges 14%: Where Did the Users Go? Asks RBC

What happened to Twitter's user base, which dipped by 2 million, quarter to quarter, asks RBC Capital's Mark Mahaney, noting this was the biggest user decline since Twitter went public. He's not entirely sure, but it doesn't bode well for the stock, which he rates a Sell.

Intel Jumps 4% on Q2 Beat Driven by PC Sales; Raises Year View

Intel shares marched higher in late trading, initially rising 4%, after it beat quarterly revenue and profit explications and raised its year outlook, citing better-than-expected trends in personal computer sales.

Amazon Down 3%: Q2 Rev Beats, Profit Misses by a Mile

Amazon  this afternoon reported Q2 revenue that topped analysts' expectations, but missed by a country mile in its earnings per share number. Its revenue outlook this quarter is above consensus. Shares sold off in late trading. Revenue in the three months ended in June rose 25%, year over year, to ...

Teradyne Drops 9%, Takes Down Lam, AMAT: Trouble With Robots

Chip equipment maker Teradyne missed with its quarterly number of new orders, sending shares of fellow chip equipment makers down despite an upbeat report from Lam Research. One sore spot: the company's division that makes robotic arms to automate semiconductor test.

Xilinx Slips: Street Fixated on Eventual Amazon AWS Payoff

Xilinx's quarterly revenue was held back by weakness in the communications market, but all the Street really cares about at the moment is how many FPGA chips it may ultimately sell to Amazon's AWS cloud computing service.

Nokia Up 4% Despite Cutting Outlook; All About the Margins

Shares of Nokia rose despite the fact the company's quarterly profit slightly missed Wall Street's expectations, and it cut its outlook for the year. It's all the profit margins, which topped expectations on cost controls and intellectual property royalties, says Credit Suisse.

Amazon's Bezos's: Oops, He Was the Richest For a Moment

Jeff Bezos reached the top of the list of the world's richest people Thursday morning with a slight gain in his stock, putting his personal stake in Amazon above $91 billion and vaulting him past Bill Gates of Microsoft. But that distention was taken away in late trading as his stock fell 3% on ...

Facebook Jumps 5%: Street Couldn't Care Less About Slowing Growth as Targets Zoom

Facebook's CFO once again warned the Street the company's revenue growth is being slowed down by a lower rate of advertisements on its property, but the Street hardly cared, pushing price targets as high as $210, and the stock zoomed to half a trillion dollars in market capitalization.

Verizon Surges 6% after All-You-Can Eat Alleviates Subscriber Losses

Verizon shares surged after the company reversed subscriber losses the prior quarter, helped by offering all-you-can eat data plans. The company vowed its wireless service revenue will turn around the latter half of this year.

Twitter Drops 12%: Why Isn't 'Top of the Funnel' Growing? Street Asks

Shares of Twitter are down 12% after the company failed to add any users compared to the prior quarter. On a conference call, management emphasized the "daily average users," which were up 12%, as the key to its advertising rebound.

Fortinet, F5 Drop, Limelight, ServiceNow Rise on Earnings

Shares of security firm Fortinet and networking firm F5 fell in late trading on mixed earnings results, while cloud software operator ServiceNow and bandwidth provider Limelight Networks rose on better-than-expected results.

PayPal Rising on Q2 Beat, Higher Q3, Year Views

Shares of payments technology pioneer PayPal rose in late trading on better-than-expected results and outlook, as the CEO said the company's software is becoming a more prevalent part of how consumers use money.

Lam Rebounds on FYQ4 Beat, Higher Q1 View

Shares of chip equipment maker Lam Research initially traded lower in the after-hours session, despite a report of quarterly results better than expected, and an upbeat outlook for this quarter as well. Its shares bounced back after the company's conference call with analysts.

Facebook Recoups Losses on Q2 Revenue, EPS Beat

Facebook shares traded down slightly in the after-hours session despite the company beat quarterly revenue and earnings expectations on a 17% rise in average user count. It now has regularly monthly user count of 2.01 billion people.

AMD: New Management Shows Improvement, Says Goldman, But Still a Sell

New management of Lisa Su and team at AMD are showing better execution than the old AMD, says Goldman Sachs analyst Toshiya Hari, but Hari still rates the stock a Sell, noting rising expenses.

Tech Today: Facebook Q2 On Tap, AMD Rising, AT&T Surges, Mulling Corning, Juniper

Facebook is set to report quarterly results after the bell, against tough comparison's to the year-ago growth, AT&T and AMD both surged on results, Juniper was scrutinized about its profitability, and it's feast and famine at the same time at glass maker Corning.

The Very Mixed Reality of Bragi's Dash Wireless Headphones

After months of testing Bragi's wireless ear pods, I gave up when a small pin in the charging case broke off, and the company told me I was at fault and would have to simply buy a new unit. Poor product design limits bold dreams Bragi has for the Dash's role in a wild future of "mixed reality" and ...

AMD Surges 7%: Bulls Cheer Progress, Bears Think Shares Overvalued

AMD shares rose 9% as bulls cheered signs of progress for its newly competitive products in Tuesday afternoon's earnings beat. Bears grumble that despite all the progress, the stock is too rich for even bullish hopes.

Corning Falls 6%: Gorilla Glass is the Star as Display Struggles

Corning stock is down 6% as the Street ponders the duality of raging sales for "Gorilla Glass" in mobile devices like Samsung's "Galaxy 8" and sluggish sales of display glass in general.

AMD Vaults 10%: CEO Su Says Expect Another Semi-Custom Project in 2018

AMD chief executive Lisa Su talked to Tech Trader as her company's shares surged by over 10% in late trading, following better-than-expected results and outlook. Su says there'll be another "semi-custom" chip win that will ramp in 2018, though she can't yet say who it's for.

Juniper Slips Despite Q2 Beat: Analysts Fixated on Profit Margins

Shares of networking equipment vendor Juniper Networks are down 61 cents, or 2%, at $29.35, after the company this afternoon reported Q2 revenue and profit that topped analysts' expectations, and forecast results this quarter roughly in line with consensus. Analysts on the company's conference ...

Texas Instruments Rising: Q2 Beats, Q3 View Beats; Automotive, Industrial Strong

Shares of Texas Instruments rose 3% in late trading after the chip maker said its analog and "embedded" chips both saw double-digit sales increases because of demand in automotive and industrial markets.

AT&T Rising: Q2 Revenue In-Line, EPS Beats, Affirms Expected Close of TWX Deal

Shares of AT&T were up 3% in late trading after its quarterly profit beat, on an in-line revenue report, as it said it battled back fierce tactics by competitors to gain subscribers in the U.S. while bolstering its profit margins. The company re-affirmed that it expects to close on its $105 ...

Advanced Micro Surges 9%: Q2 Rev, EPS Beat; Q3 View Beats, Raises Year Revenue Outlook

AMD shares surged 9% in late trading after the company beat Street estimates for revenue and profit for the quarter, forecast this quarter's revenue growth above consensus and raised its outlook for year revenue growth.

Motorola Reintroduces itself with Spruced Up 'Moto Z Force,' 360-Degree 'Mod'

Lenovo's Motorola unit re-introduced itself to consumers Tuesday with the "moto Z Force" smartphone, which has some new "mods," snap-on modules that add capabilities such as video gaming controls or 360-degree video taking.

Logitech Drops 10% Despite FYQ1 Beat: Investors Take a 'Breather,' Says CEO

Chief executive Bracken Darrell of Logitech says that the ten percent drop in his company's shares, despite better-than-expected quarterly results, may just be investors taking a breather after some substantial runs in the share price this year.

Juniper Slips: Some Margin Hit Pays Off, Says CEO Rahim

Juniper Networks chief executive Rami Rahim addresses investors' concerns about profit margin, saying the company is willing to make some concessions on pricing to secure some deals that are expanding its business in switching and cloud.

Finisar, Viavi: Good Times Ahead in Apple's 3-D Sensing, Says William Blair

Results Monday of Swiss fiber-optic component maker AMS Ag bode well for competitors Finisar and Viavi, says William Blair's Dmitry Netis; they are all in the race to supply Apple with parts for "3-D sensing" in the next iPhone.

Alphabet Slips: Costs Are Rising, Bull and Bear Disagree What it Means

Alphabet's Google saw costs rise sharply in the quarter to get new business, and bull and bear disagree whether that's a serious risk for the company.

Seagate Plunges: FYQ4 Misses by a Mile, Luczo Steps Aside as CEO

CEO Steve Luczo of hard disk maker Seagate is moving to the role of executive chairman, handing the baton to the company's COO, after quarterly results missed by a mile, sending the stock sharply lower. Wells Fargo said it was a result of weakness in producing enterprise-grade hard drives.

Alphabet Slips, Hit by Higher 'TAC,' Says Pivotal

Alphabet's shares slipped in late trading, despite a quarterly revenue and earnings beat. Baird said the earnings beat was propped up by a lower tax rate, while Pivotal Research said the company took on higher costs, known as "TAC," which has bad implications for future profitability.

Rambus Rising on Q2 Beat, Higher Q3 View

Chip technology maker Rambus, which has expanded into areas of digital payments and computer security, saw its shares rise by almost 3% in late trading, after it beat expectations for quarterly results, and forecast the current quarter higher as well.

Sanmina Drops 10%: FYQ3 Rev Misses, Q4 View Misses

Shares of contract electronics manufacturer Sanmina-SCI dropped 10% after the company's quarterly revenue was slightly lower than expected, and its forecast for this quarter also missed consensus.

Alphabet Slips Despite Q2 Revenue, EPS Beat

Google shares were down by 2% in late trading despite the company delivering decent upside to Wall Street estimates, as the number of clicks it delivers surged by 52%, offsetting pricing declines of 23%.

Tech Today: Everspin Falls, Google Q2 on Tap, Debating Nvidia, Applied Opto

Google reports its quarterly results after the closing bell, with investors mulling whether search momentum will be maintained, Everspin shares plunged on no apparent news, Micron Technology is experiencing favorable trends, Pandora gains an activist participant in Jana Partners, Applied Material ...

Applied Materials Surprise CFO Switch: Street Largely Positive

Chip equipment giant Applied Materials's announcement its CFO will retire, and the naming of a new CFO hailing from NXP Semi, was largely received positively by both bull and bear.

Nvidia: Canaccord Ups Target to $180 on Data Center Dominance

Nvidia's got investors concerned about the threat to its GPUs of "custom" chips such as Google's "TPU," notes Canaccord Genuity's Matthew Ramsay, but he's unfazed, raising his price target to $180 on the stock to reflect what he believes will be continued success in the data center. He notes ...

Micron's Wafers Point to Bullish Trends, Says Arthur Wood

Micron's current pace of 3-D NAND chip "wafer" production points to further bullish trends for the company through the rest of this year, according to boutique research firm Arthur Wood.

Applied Opto Surges 8% as Needham Ups Target to $115 on 100G Ramp

Fiber optics vendor Applied Optoelectronics is set for more upside, two weeks after pre-announcing better-than-expected results, says Alex Henderson of Needham & Co., given the company's rapid increase in manufacturing of 100-gigabit-per-second fiber-optic transceivers.

Nvidia: Investors Want to Buy, But Waiting for Cheaper 'Entry,' Says Jefferies

Investors want to buy shares of Nvidia, writes Jefferies analyst Mark Lipacis, but many are waiting for a cheaper price. He sees lots of potential for the company and for Advanced Micro Devices, Xilinx and Cavium, based on a "fourth wave" of computing that emphasizes parallel processing. Lipacis is ...

Apple: BMO, RBC Unfazed by Delay of iPhone X

BMO Capital and RBC Capital are two more firms now cutting estimates for Apple's September quarter given what they see will be a delay in availability of the next iPhone, but both bulls are unfazed by the matter, seeing a simple shifting of revenue from that quarter into December and subsequent ...

Blue Apron Surges 9% as 7 Underwriters Start at Buy

Shares of recently public prepared-meals service Blue Apron surged 9% before the open as Goldman Sachs and eight other brokers that lead its IPO declared the stock will withstand competition, while bears warned it won't be profitable for a long time.

Applied Opto: Raymond James Rebuts Barron's Story

Fiber-optics vendor Applied Optoelectronics will be just fine, says Simon Leopold of Raymond James, rebutting the risks raised by a Barron's magazine article that he sees as merely an "old bear" argument dressed up in new clothes.

Qualcomm's Second Holdout: If It's Huawei, What's That Mean? Asks Bernstein

Bernstein chip analyst Stacy Rasgon surmises a second hold-out to Qualcomm on royalties could be Chinese telecom equipment giant Huawei, which, if true, raises questions about the long struggle Qualcomm went through with Chinese regulators.

Microsoft: Don't Worry, That Spend Will Pay Off, Says Bernstein

Microsoft shares traded down on worries of higher spending rates, but Bernstein's Mark Moerdler argues spending growth areas of cloud computing and LinkedIn will pay off big-time down the road.

Skyworks Sags Even as Bulls Raise Targets, Dismiss iPhone Delays

Shares of Skyworks slipped despite a quarterly earnings beat and higher forecast. Bulls raised price targets and urged investors not to be upset about the potential for a delay in the manufacturing of Apple's next iPhone, in which Skyworks plays an increasingly prominent role, they contend.