Tech Stocks

NVIDIA Corporation NVDA Stock News

NVIDIA Corporation (NASDAQ: NVDA)

NVIDIA Corporation is having a rough start to the session today after announcing demand issues and price cuts. At the opening bell, the stock was trading slightly in the red before jumping to the green. However, as soon as the price cut announcement hit, the stock went on a mad dash toward the bottom, prompting our partners at Trade Ideas to alert us to the movement. At the moment (9:46), NVDA is trading at $107.42 per share after a loss of $0.65 per share (0.60%) thus far today.





NVDA Slashes Product Pricing

As mentioned above, NVIDIA Corporation is having a rough start to the day today after announcing that it has cut pricing. The company recently cut the price of its GTX 1080 graphics cards from $699 to $499 in hopes of increasing sales. The company said that the price cuts are the result of decreasing demand for the product, as motherboard players continue to see decreases in shipments in the first quarter; they are not expecting things to improve in the second quarter.




What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on NVDA. In particular, we’re interested in seeing if the price cuts result in increased sales or if this is a futile effort, as consumers are changing their computing habits. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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DragonWave, Inc. (USA) DRWI Stock News

DragonWave, Inc. (USA) (NASDAQ: DRWI)

DragonWave is having an overwhelmingly strong start to the day in the pre-market hours today, prompting our partners at Trade Ideas to send an alert surrounding the movement. When we got the alert, the CNA Finance team started digging, quickly learning that the gains are the result of news that its services have been selected by CCI Wireless. At the moment (8:45), DRWI is trading at $1.60 per share after a gain of $0.25 per share or 18.52% thus far today.





DRWI Announces Selection Of The Harmony Enhanced MC Backhaul Solution

As mentioned above, DragonWave is having an overwhelmingly strong start to the day in the pre-market. The gains come as the result of a press release announcing that the company has selected the Harmony Enhanced MC backhaul solution by Corridor Communications. The deployment of this solution will increase the capacity and offer new capabilities to CCI Wireless’ existing rural microwave network.




DRWI announced that it’s Harmony Enhanced MC will replace CC Wireless’ existing DragonWave Horizon Compact radios. This will provide a more than three-fold capacity increase by leveraging Harmony Enhanced MC’s dual channel capacity. In a statement, Amir Bigloo, CEO at CCI Wireless had the following to offer with regard to the DRWI deal…

We selected DragonWave and its partner, Alliance Corporation after determining that the Harmony Enhanced solution best met our high capacity and long reach requirements… Through our evaluation, which included field testing, we found the Harmony Enhanced MC to offer superior performance and greater operational simplicity.”

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on DRWI. In particular, we’ll be following the relationship between the company and CCI Wireless, and how this relationship turns into revenue growth. Nonetheless, we’ll continue to follow the story closely and bring you the news as it breaks!

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Uni-Pixel Inc UNXL Stock News

Uni-Pixel Inc (NASDAQ: UNXL)

Uni-Pixel is having an incredibly strong start to the morning this morning after announcing that it has entered into a long-term agreement with a large, U.S. based PC maker. As soon as the news hit, our friends at Trade Ideas alerted us of the massive gains on the stock. At the moment (9:30), UNXL is trading at $0.98 per share after a gain of $0.23 per share or 30.00% thus far today.





UNXL Enters Long Term Agreement With Large PC Maker

As mentioned above, the gains on Uni-Pixel are the result of an announcement that the company has entered into a long-term agreement with a large U.S. PC maker. Who the PC maker is remains a mystery as the company hasn’t disclosed the name of the client. Nonetheless, there are a few things that we do know…

First and foremost, the agreement is with one of the major PC makers in the United States. We also know that the agreement surrounds the supply of XTouch touch screen sensors and that the agreement is on a multiple year basis. UNXL has agreed to reserve manufacturing capacity for the PC maker who in return, will use its best commercial efforts to make the purchases outlined in the rolling forecasts in the agreement.

What We’ll Be Watching For Ahead




Moving forward, the CNA Finance team will be watching UNXL incredibly closely. While we don’t know just who the PC maker is that the agreement was entered into with, we do know that the maker is large, meaning that the orders coming through in coming months and years will also likely be large. As a result, we’re excited to follow the company through the evolution of this agreement to see just how it effects the balance sheet. Nonetheless, we’ll continue to follow the story closely and bring you the news as it breaks!

What Do You Think?

Where do you think UNXL is headed moving forward? Join the discussion in the comments below!

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GoPro Inc GPRO Stock News

GoPro Inc (NASDAQ: GPRO)

GoPro is having an incredible time in the pre-market this morning, running up on a rally that started last night. Ultimately, the gains are the result of an announcement that the company made yesterday with regard to cutting jobs. This was definitely a surprise, considering that GPRO had already cut about 15% of its workforce just months ago. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for ahead.





What We’re Seeing From GPRO

As mentioned above, GoPro is having a great time in the pre-market trading hours. At the end of the day, investors are clearly excited about the fact that the company is cutting more jobs. As a result, the stock is climbing. Currently (8:28), GPRO is trading at $8.14 per share after a gain of 10.75% thus far.

It’s All Smoke And Mirrors!

Before we get too far into this, we’d like to give credit where credit is due. Our partners at Trade Ideas were the first to alert us of the upward movement on GPRO. Of course, as always, when we got the alert, the CNA Finance team started digging to figure out why the stock was up, and as mentioned above, it’s up because of job cuts. In fact, after laying off about 15% of its employees a few months ago, the company announced last night that it would be cutting an additional 270 jobs.




Now we get into the gist of the section title… It’s all smoke and mirrors! The truth is that GoPro is, and for a long time, has been a struggling company. While the company did pioneer the industry of extreme action cameras, their ability to maintain control of that industry has fallen apart. The company lacks the fundamental ability to sell its products, even its flagship product, and that alone is a big concern, but it goes deeper than that.

Once GPRO finally realized that it couldn’t sell its own flagship product, it decided to jump into another industry, the drone industry with the Karma drone. Well, that went over like a mosquito at a dinner party. At the end of the day, drones already have a clear market leader with DJI, a company that has proven its ability to sell its products. So, once again, the company proved that it has a fundamental inability to market its products, and this time, an inability to even choose the right product to focus on.

Now the company is shrinking, and it’s happening incredibly quickly. While many investors are cheering this concept on, I believe it’s a sign that if you’re not already, it’s time to short the stock. The bottom line is that GPRO doesn’t WANT to layoff massive amounts of employees, it has no choice. If it can’t bring money in through the sales of its products, it can’t keep bleeding money out. Now, some may think that’s a great thing, but me on the other hand, I see it as a sign that we are nearing the end of the company. Truth be told, GoPro would likely be better off selling the rights to its product to a company that knows how to sell!

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching GPRO incredibly closely. In particular, we’ll be following the restructuring process and watching to see if the company decides to make changes on the marketing side. Nonetheless, we’ll continue to follow the story and bring the news to you as it breaks!

Update 10:53: GPRO continues upward on the news of layoffs. Keep in mind that the company has been on a steep decline as of late and will likely continue to fall in the long run. At the moment, the stock is trading at $8.56 per share after a gain of $1.21 per share or 16.46% thus far today.

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Vodafone Group Plc VOD Stock Liberty Global LBTYA Stock News

Vodafone Group Plc (ADR) (NASDAQ: VOD) | Liberty Global -A- (NASDAQ: LBTYA)

Vodafone Group and Liberty Global were both off to a normal day in the market today. After starting the day slightly in the green, both stocks found their way on slow and steady uptrends. That is, until minutes ago when VOD and LBTYA both made a run for the top. Below, we’ll talk about what’s going on with the stocks, why, and what we’ll be watching for ahead.





What We’re Seeing From VOD And LBTYA

As mentioned above, both Vodafone Group and Liberty Global stock had a pretty decent start to the trading session today. At the opening bell, both stocks were trading slightly in the green before going on a steady upward climb. Then, minutes ago, both stocks spiked in a big way. At the moment (1:00), VOD is trading at $26.04 per share after a gain of $0.84 per share or 3.33% while LBTYA trades at $37.13 per share after a gain of $1.34 per share or 3.74% thus far today.

Why The Stocks Are Climbing

As is almost always the case, our partners at Trade Ideas were the first to inform us of the spikes on VOD and LBTYA. As soon as we received the alert, the CNA Finance team started working to see why the stocks were making a run for the top. It didn’t take long to dig up the story. The gains seem to be the result of a potential merger in the works.




Minutes ago, it was announced that Vodafone Group and Liberty Global have decided to sit at the deal table once again. The companies are in the process of negotiating a potential merger. Of course, if a merger did happen, the investors on both sides would benefit. As a result, investor excitement is sending the stock skyward.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on both VOD and LBTYA. In particular, we’re interested in learning more about the merger talks and whether or not a merger will actually take place. Nonetheless, we’ll continue to follow the story closely and bring you the news as it breaks!

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Citrix Systems, Inc. CTXS Stock News

Citrix Systems, Inc. (NASDAQ: CTXS)

Citrix Systems was off to a relatively rough day in the market today. When the trading session started for the day, the stock was already trading slightly red. From there, it bounced up to the green before falling red and going on slow, yet steady declines. However, things started to change in a big way minutes ago as the stock started to climb. Below, we’ll talk about what we’re seeing from CTXS, why, and what we’ll be watching for ahead.





What We’re Seeing From CTXS

As mentioned above, Citrix Systems was off to what seemed like it was going to be a tough day in the market today. At the opening bell, the stock was in the red before bouncing up to the green. However, that didn’t last long, as the stock went on slow, yet steady declines that lasted throughout most of the trading session. Nonetheless, that all changed minutes ago as the stock started to rocket toward the top. Currently (3:41), CTXS is trading at $87.49 per share after a gain of $7.96 per share (10.01%) thus far today.

Why The Stock Is Headed Up

As is normally the case, our partners at Trade Ideas were the first to alert us to the upward trend that’s happening on CTXS. As soon as we were notified of the movement, the CNA Finance team started working to see what was causing the movement. In this case, the story pretty much jumped out at us. It seems as though the gains are the result of excitement surrounding a potential sale.

At the moment, news is breaking that Citrix Systems has hired Goldman Sachs. The reason for the hire was to explore strategic alternatives – most importantly, the sale of assets or the company as a whole. Of course, this is overwhelmingly exciting, as a sale like this will come at a hefty premium, returning value to shareholders. As a result, investors are sending the stock skyward.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on CTXS. In particular, we’re interested in learning if the company and Goldman Sachs will decide that a sale is the best option, and if so, who would buy the company. As always, we’ll continue to follow the story and bring the news to you as it breaks!

Update 4:14: News is breaking that not only has CTXS hired Goldman Sachs to explore a sale of the company, they have already reached out to potential suitors. The stock closed the day at $84.93 per share after a gain of $5.40 per share, or 6.79%. In after hours, it is trading at $85.11 per share after a gain of $0.18 per share (0.22%) thus far.

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Intel Corporation INTC Stock News

Intel Corporation (NASDAQ: INTC)

Intel Corporation is having an overwhelmingly rough day in the market today. The stock was already trading slightly in the red at the opening bell. Shortly after the trading session started, the stock took a bit of a dive further into the red. And then things went from bad to worse minutes ago as the stock started spiking further downward. Below, we’ll talk about what we’re seeing from INTC, why, and what we’ll be watching for ahead.





What We’re Seeing From INTC

As mentioned above, Intel Corporation isn’t having the best of days in the market today. When the trading session started for the day, the stock was already trading in the red before falling further and further into losses. From there, the stock traded relatively flat, holding onto its losses. And then yet another downward spike began minutes ago. At the moment (1:51), INTC is trading at $35.08 per share after a loss of $0.83 per share (2.31%) thus far today.

Why The Stock Is Falling

As is almost always the case, our partners at Trade Ideas were the first to inform us of the declines on INTC. As soon as we were notified of the spike downward, the CNA Finance team started working to see why the stock was making a run for the bottom. It didn’t take long to dig up the story. It seems as though a downgrade is the reason for the losses.




Minutes ago, analysts at Jefferies weighed in on the stock. Unfortunately, they didn’t have a positive view to share. The analysts made the decision to downgrade Intel Corporation, dropping their rating on the stock from a buy to a hold. While we are still digging into the story, we are expecting that this may have something to do with the early morning announcement of Intel’s acquisition of Mobileye.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on INTC. In particular, we’ll be digging deeper into the analyst downgrade as well as following the company’s acquisition of MBLY. We’ll continue to follow the story and bring it to you as it evolves.

Update 2:06: We have been able to confirm that the downgrade has to do with concerns that Jefferies has with regard to the Mobileye acquisition. We will continue to follow the story closely and bring you the news as it breaks!

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Ciber, Inc. CBR Stock News

Ciber, Inc. (NYSE: CBR)

CIBER is having an incredibly strong day in the trading session today. When the session opened for the day, the stock was already trading on incredibly strong gains. Since then, we’ve seen a bit of movement in both directions, but it doesn’t look like the stock is going to give up the profits any time soon. Below, we’ll talk about what we’re seeing from CBR, why, and what we’ll be watching for with regard to the stock ahead.





What We’re Seeing From CBR

As mentioned above, CIBER is having an overwhelmingly strong day in the market today. At the open of the trading session, the stock hit the ground running, already trading on big profits. Since the open, we’ve seen a bit of bouncing around there at the top, but the gains seem to be sticky. At the moment (10:12), CBR is trading at $0.48 per share after a gain of $0.20 per share (71.33%) thus far today.

Why The Stock Is Climbing

Our partners at Trade Ideas were the first to send the alert that CBR was making a run for the top. As soon as we received that alert, the CNA Finance team started to work to see why the stock was experiencing such large gains. It didn’t take very long to uncover the story in this case. It seems as though the gains are the result of a takeover offer.




Early this morning, it was announced that AMERI Holdings has made an offer to acquire CIBER. The offer comes in at $0.75 per share. This is an incredible premium when we consider that the stock closed the day off on Friday at $0.28 per share. At the moment, the offer has not been accepted. However, given the premium and the fact that AMERI already owns about 5.5% of the company, there’s a strong chance that this one will happen!

What We’ll Be Watching For Ahead

The CNA Finance team will be keeping a close eye on CBR in the days and weeks ahead. Ultimately, we’ll be following the story of the potential acquisition in the works. We’ll continue to follow the story closely and bring you the news as it breaks!

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Mobileye NV MBLY Stock Intel INTC Stock News

Mobileye NV (NYSE: MBLY)

Mobileye is having an incredible time in the pre-market trading hours, and for good reason. News of an acquisition has investors excited. Below, we’ll talk about the acquisition, what we’re seeing from the stock as a result, and what we’ll be watching for with regard to MBLY ahead. So, let’s get right to it…





INTC To Acquire MBLY

As mentioned above, Mobileye is having an incredibly strong start to the day in the pre-market hours. As soon as our partners at Trade Ideas informed us of the gains on the stock, the CNA Finance team started working to see why it was making a run for the top. It didn’t take long to dig up the dirt. The gains are ultimately the result of an acquisition.




Early this morning, news of the acquisition broke. According to several reports, MBLY will soon be acquired. The buyer on the other side of the deal is massive. In fact, it’s the household brand we all know as Intel. Ultimately, INTC will be purchasing the company for a total of $15.3 million.

How The Stock Is Reacting

As investors and traders, one of the first things that we learn is that the news moves the market. That’s definitely the case today following the news of the acquisition. At the moment (8:34), MBLY is trading at $61.76 per share after a gain of $14.49 per share (30.65%) thus far today.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching Mobileye incredibly closely. In particular, we’ll be watching the acquisition. While things look great now, the acquisition is subject to customary closing conditions. Nonetheless, we don’t believe that there will be any hiccups in the plan for INTC to takeover MBLY. We’ll continue to watch the story closely and bring it to you as it breaks!

UPDATE 9:31: As is no surprise, MBLY opens the day on incredibly strong gains. While few analysts seem to be weighing in on the acquisition, there is speculation by some experts on Twitter that the company may have sold out too soon. Nonetheless, investors seem to be happy. At the moment the stock is trading at $61.47 per share after a gain of $14.20 per share, or 30.04%. Considering the movement in pre-market and the acquisition price, we’re expecting relatively flat movement from here.

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Palo Alto Networks Inc PANW Stock News

Palo Alto Networks Inc (NYSE: PANW)

Palo Alto Networks is having an incredibly interesting day in the market today. At the opening bell, the stock was trading slightly in the green before pushing a bit higher. Since then, we’ve seen quite a bit of movement in both directions, but nothing has been worth writing home about. That is, until a rumor broke sending the stock skyrocketing just minutes ago. Below, we’ll talk about the rumor, what we’re seeing from PANW, and what we’ll be watching for ahead.





IBM Rumored To Be Taking Over PANW

As mentioned above, Palo Alto Networks started to spike in the market just minutes ago. The spike was first brought to our attention by our friends at Trade Ideas. As soon as we received the alert, the CNA Finance team started digging to see why the stock was making a run for the top. While the company hasn’t released any fundamental news that would lead to such gains, we are seeing an interesting rumor in the beginning of its evolution.

At the moment, the rumor is filling social feeds no matter which network you call your favorite. The rumor is that PANW will soon be acquired by IBM. At the moment, the rumor doesn’t offer an insinuation of what the price of the acquisition will be. Keep in mind that currently, this is an unconfirmed rumor, and the likelihood of an acquisition actually happening is relatively slim.

What We’re Seeing From The Stock

As is normally the case, following the rumor of a potential takeover to come, Palo Alto Networks is spiking in value in the market. At the moment (10:34), PANW is trading at $117.40 per share after a gain of $2.35 per share or 2.04% thus far today.

Update (11:08) – PANW seems to have reached its peak on this run. At the moment the stock is trading at $118.43 per share after a gain of $3.38 per share or 2.94% thus far today. We’ll continue to follow the story and bring you the news as it breaks. At the moment, CNA Finance is reaching out to both companies for comments.
Update (11:14) – The CNA Fiannce team contacted PANW. Unfortunately the company refused to provide a comment with regard to the takeover rumor. We are currently in the process of contacting IBM and will bring you the updates as we receive them.
Update (11:22) – The CNA Finance team has reached out to IBM. Unfortunately, there was no one available in media relations to take our call at the moment. We are waiting for a response and will bring that response to you as soon as we have it.
Update (12:56) – We received a call back from IBM Media Relations. They explained that they do not comment on ongoing rumors and unfortunately had nothing to offer. We will continue to follow the story and bring the news to you as it breaks!

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching PANW and IBM incredibly closely. In particular, we’re interested in learning if there is any validity to the takeover rumors that are surfacing at the moment. While chances are slim, anything can happen. Nonetheless, we’ll continue to watch the story and bring the news to you as it breaks!

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Thought Leader Discussions

Gevo, Inc. GEVO Stock News

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Gevo, Inc. (NASDAQ: GEVO) Before we get into this interview, I'd like to extend a special thanks to my friend Joey who both set up the...