Finance

Brocade Communications Sys I now has $5.09 billion valuation. The analysts, on average, are forecasting a $2.2 price target, but the stock is already up 55.07% from its recent lows. The firm has "Neutral" rating given on Monday, August 24 by Robert W. Baird. The rating was maintained by RBC Capital Markets on Tuesday, October 25 with "Outperform".
  • Crude Oil Prices Gain In Asia As China Trade Data Supports

    Finance

    Prices rose 2 percent the day before to back above $50 a barrel. Brent crude futures, the global benchmark for oil prices, were down 78 cents, or 1.4%, at $56.16 late morning Thursday. US exports fell in the most recent week to 1.27 million bpd, but USA exports have still exceeded 1 million barrels a day for three straight weeks, the first time this has happened.
  • Gilead Sciences' (GILD) Overweight Rating Reaffirmed at Barclays PLC

    Finance

    Equities research analysts anticipate that Gilead Sciences, Inc. will post $8.75 earnings per share for the current year. Gilead Sciences Cmn now has $106.96B valuation. vs. Pfizer" on October 02, 2017. For GILD, the company now has $8.71 Billion of cash on the books. (NASDAQ:GILD). Rnc Capital Management Limited Liability has invested 0.46% of its portfolio in Gilead Sciences, Inc.
  • UK's Clean Growth Strategy: Industry responds

    UK's Clean Growth Strategy: Industry responds

    Finance

    Wednesday saw the UK Government launch its new Clean Growth Strategy which sets out how to grow the national economy while simultaneously cutting greenhouse gas emissions. The next round is planned for spring 2019. A new CCUS Council will help the government to work in partnership with the industry and deploy CCUS at scale in the United Kingdom, the document says.
  • Samsung predicts record profits for third quarter as memory business booms

    Samsung predicts record profits for third quarter as memory business booms

    Finance

    The guidance, released today ahead of full earnings later this month, did not provide specific divisional results. It is the world's largest vendor of memory chips, both in DRAM and NAND. The Note 8 received 850,000 pre-orders in South Korea , the highest ever for the series. Analysts have tipped its chip division to propel the firm to record overall profit.
  • TCS Q2 profit falls 2% to Rs6,446 crore

    TCS Q2 profit falls 2% to Rs6,446 crore

    Finance

    Operating margins stood at 25.1%, a good jump of 171 basis points sequentially. In April a year ago, TCS received an unfavourable jury verdict awarding damages totalling Rs 6,145 crore (USD 940 million) to Epic. TCS's revenue number is actually uninspiring. TCS witnessed a volume growth of 3.2 per cent in Q2. However, the company reported an increase of 8.4 per cent in net profit on a sequential basis from the June 2017 quarter, riding on robust volume growth and good demand across various ...
  • Roth Capital Believes Glu Mobile (NASDAQ: GLUU) Won't Stop Here

    Finance

    The average analyst recommendation for ZNGA is 2.50, or a hold. Frontier Invest Company holds 0% or 12,000 shares in its portfolio. This company has been competing with others in the Technology space and offers its own combination of interesting factors Glu Mobile Inc .
  • Iran stun Germany 4-0

    Iran stun Germany 4-0

    Finance

    Fatorda: Ibrahima Soumah fired a late equaliser as Guinea held Costa Rica to a 2-2 draw in a hard-fought Group C match of the Federation Internationale de Football Association U-17 World Cup here on Tuesday. "It's a do or die battle for us now and our boys know it", stated Costa Rica coach Breansse Camacho. For two consecutive training sessions that lasted 100 minutes each, Iran coach Abbas Chamanian asked his team not to lose focus even for a minute."On the first day, we focused exclusively ...
  • Wells Fargo & Company (WFC) Given Buy Rating at Goldman Sachs Group, Inc

    Wells Fargo & Company (WFC) Given Buy Rating at Goldman Sachs Group, Inc

    Finance

    However, the company has an impressive earnings surprise history. The company's diluted EPS for trailing twelve months was 4.06. Further, rising rates are easing margin pressure to an extent. Wells Fargo & Company had 96 analyst reports since July 29, 2015 according to SRatingsIntel. Wells Fargo & Company now has $276.29 billion valuation.
  • GM plays Mexico wildcard in Canada

    Finance

    A GM spokesman - who did not want to be named because the company does not like to comment during negotiations - said in an interview that the company sees no alternatives but to explore production alternatives and said as much to Unifor president Jerry Dias on Wednesday.
  • Brokerages Set Alphabet Inc. (GOOG) PT at $1040.18

    Finance

    The Waterfront Capital Partners Llc holds 50,000 shares with $3.47M value, up from 4,900 last quarter. Curbstone Financial Management Corp raised its holdings in shares of Alphabet by 100.0% in the 3rd quarter. It is now trading at $989.25 slightly over $938.42, the 50 day moving average and which is marginally higher than the 200 day moving average of $922.72.