Last week Netflix, Inc.(NASDAQ:NFLX) struck a deal with AT&T Inc.(NYSE:T) whereby the streaming video provider will pay the telecom giant to ensure fast streaming speeds on AT&T’s networks, an AT&T spokesman announced. The spokesman said, “We reached an interconnect agreement with Netflix in May and since then have been working together to provision additional interconnect capacity to…
Data Manipulation Shouldn’t Hurt Facebook Inc (NASDAQ:FB) Stock
In a research note issued this morning, Needham believes the economic consequences of Facebook Inc (NASDAQ:FB) manipulating emotional content will be minimal. They are maintaining their Buy rating on the stock and $80 price target. For one week in January of 2012, Facebook manipulated the news feeds of 689,000 of its users without their knowledge, whereby…
Trulia Posts Solid First-Quarter Results; Fiscal 2014 Revenue Guidance Increased
Trulia reported solid fiscal first-quarter results; revenue of $54.5 million was above the consensus estimate of $53.5 million, and adjusted EBITDA of $2.8 million exceeded the Street expectation of $1.6 million. Subscribers reached 66,700 during the period, ahead of the Street’s expectation of 64,140, driven primarily by inventory expansion. Fiscal 2014 revenue guidance was increased…
U.S. Silica Holdings Crushes on Volume and Revenue
The company narrowed its 2014 guidance for adjusted EBITDA of $180 million to $200 million to the high end of the range, versus our previous adjusted estimate of $199 million. The company guided capex of $75 million to $85 million last quarter. The company announced it will be bringing its new Utica, Illinois mine online…
Polypore International Updating Forecast After Announcement of New Credit Agreement
Polypore International Updating Forecast After Announcement of New Credit Agreement
ABIOMED, Inc. Sees European Approval of RP as Another Positive Development
Tuesday morning Abiomed announced that its Impella RP device, which provides temporary support for patients with right ventricular failure, received CE mark approval in Europe. This is a positive development for the company, and while we do not expect an immediate bump in sales. The Impella RP is similar to Abiomed’s flagship left-side Impella device…
LKQ Corporation First-Quarter Preview
LKQ is expected to release first-quarter results on Tuesday, April 29, before the markets open and will host a conference call at 9:00 a.m. CDT. Analysts estimate total revenue will increase 34%, to $1,599 million, including roughly $165 million from the recent acquisition of Keystone Automotive Operations and about $100 million from Sator Beheer, which closed…
CMS Revises Price to $2,200 from $1,500
Shortly before the markets closed Tuesday, CMS published its response to comments received during the January/February comment period related to the 48% price cut in CPT code 81211. Based on comments received, CMS opted to revise the price upward to $2,200. After the broad 0.75% reduction to the Medicare Clinical Lab Fee Schedule in 2014,…
Gigamon Missed First Quarter Revenue Targets
Gigamon Missed First Quarter Revenue Targets
CONSOL Energy Announced Positive Outlook
CONSOL Energy Announced Positive Outlook
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