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The company said demand for video streaming and productivity products remained high as lockdowns introduced around the world to restrict the spread of the coronavirus resulted in an increase in the number of people working from home. The Swiss-U.S. maker of computer peripherals raised its sales outlook for the 2021 fiscal year to 10% to 13% growth from mid single-digit percentage gain in constant currency. The company also raised its annual outlook for non-GAAP operating profit in the range of $410 million to $425 million from $380 to $400 million....
The days when Nokia (NOK) handsets were all the rage are now a bygone era. The former market leader sold its phone business to Microsoft in 2014, and although today the Finnish tech company remains a major multinational telecommunications player, since the “glory years,” shares have been in decline.However, following the coronavirus infected bloodbath, shares have been on a rally, and are up by 81% since bottoming out on March 16. Worries the momentum could be short lived surfaced recently when rumors began circulating that Verizon was planning to replace the company as its 5G supplier - a rumor Verizon has since denied.In any case, Northland analyst Tim Savageaux believes the “degree of concern around NOKs prospects at VZ are overdone.”Aside from brushing off the Verizon related concerns, Savageaux thinks Nokia’s rally has plenty left yet. The analyst believes Nokia’s recent entry into the Data Center switch market presents a sound...
Last week’s news cycle was dominated by the Twitter (TWTR) hack. Accounts of well-known public figures – including those of ex-President Obama, billionaires Elon Musk and Jeff Bezos and various other high-profile names - were breached.It is not a good look for the micro-blogging platform, which will be hoping for a more positive slew of headlines after it reports Q2 earnings before market opens on Thursday, July 23.However, Wedbush analyst Michael Pachter is not convinced there will be an abundance of those. Although the analyst thinks “sequential audience growth could surprise positively,” Pachter’s expectations are dampened ahead of the quarterly statement.“While we believe some verticals (namely mobile gaming and ecommerce) have shown signs of moderation, and higher investment from DR advertisers could be offsetting some of the weakness associated with lower brand spending, we expect the overall dynamic in Q2 to reflect significantly weaker ad pricing, partially offset by continued robust...
Posted by OFX AUD - Australian Dollar The Australian dollar crept back above 0.70 US cents through trade on Monday, buoyed by an uptick in risk appetite. Investors chased risk assets higher following reports further COVID-19 vaccine trials showed promising results. AstraZenica, in partnership with Oxford University, released results of trials that … Continue reading "AUD fails to significantly extend upturn as risk sentiment begins to moderate"The post AUD fails to significantly extend upturn as risk sentiment begins to moderate appeared first on ....
(Bloomberg) -- A year ago, you couldn’t get Wall Street to touch most gold miners’ stocks. Today, it’s throwing billions at the industry.Precious-metals miners once seen as too leveraged and high-risk for the typical investor raised $2.4 billion in secondary equity offerings during the second quarter, data compiled by Bloomberg show. That’s the most since 2013 and seven times more than the funds they raised a year earlier.With the Covid-19 crisis threatening economies worldwide and gold prices soaring on the heels of monetary and stimulus programs, precious-metals companies have become the darlings of the investment community. The sector, which once largely drew the attention of specialist funds, is now attracting a broad base of investors.“All of a sudden we’re seeing real interest from generalists,” said Bryan Slusarchuk, chief executive officer of Fosterville South Exploration Ltd., whose company plans to dig for gold in Australia. “If this continues, it could just be...
Can any superlatives be added to the increasingly long list of ones already used to describe Novavax’ (NVAX) progress in 2020? Words such as stupendous, incredible, and amazing can by now hardly do justice by to the meteoric- there’s another one - rise of the vaccine specialist. The evidence: Novavax’ share price has increased by 3,370% year-to-date.Apart from the early promise shown by its COVID-19 vaccine candidate, NVX-CoV2373, Novavax’ surge has been built on accelerating momentum. Eventually though, the vaccine player will have to back up the share gains, government grants and analysts’ ratings with positive trial results.NVAX’ latest surge (Friday’s 17% uptick) came following another price target raise from a long time NVAX bull. B Riley FBR analyst Mayank Mamtani raised his Novavax price target from $106 to $155, while reiterating a Buy rating on the stock. (To watch Mamtani’s track record, click here)Mamtani believes the biotech is most likely...
