Facebook Goes on SALE and 4 Morning Hot Stocks Trading Today
Ahead of the expiry of lock-in, the number of shares of Facebook (NASDAQ:FB) that are on loan to short sellers are 97 million, a huge jump from the 63 million just a month ago, and a sure-fire indicator that bears aren’t done with the counter yet.
Don’t Miss: Hedge Funds Reshuffled These Tech Bets.
Yahoo (NASDAQ:YHOO) CEO Marissa Mayer has reportedly trained her cross-hairs on neglected Yahoo photo-sharing property Flickr. She’s opened a Flickr account and ramped up the number of engineers working on the site as she seeks to undo the damage from internal mismanagement and external competition such as Facebook Instagram.
Chinese on-line media company Sina (NASDAQ:SINA) reports a gross margin of 53 percent which is better than 46 percent sequentially but down from 57 percent y-on-y. Operating expenses growth has been slowing down along with declining sales/marketing expenses. Ad revenues are also up 12 percent y-on-y. All these factors probably combined to produce the Q2 EPS beat.
Chinese internet technology company Netease.com (NASDAQ:NTES) reports a miss on Q2 EPS and revenues. EPS reported $1.05 vs expected $1.08 and revenues $315.5 million vs expected $333.5 million.
Cisco’s (NASDAQ:CSCO) shares guidance for its FQ1: Revenues to grow 2-4 percent with 3.6 percent being the consensus; EPS forecast in the range $0.45-$0.47 vs a consensus of $0.46.
Investing Insights: EARNINGS: Cisco Systems’ Profit ROCKETS Higher for Third Straight Quarter.