Tech Stocks

Ocean Power Technologies Inc OPTT Stock News

Ocean Power Technologies Inc (NASDAQ: OPTT) is off to a strong start in the pre-market hours this morning, and for good reason. The company announced the deployment of a key product in Japan. As a result, investors got excited and the stock found its way upward. As is normally the case, our parteners at Trade Ideas were the first to alert us to the gains. At the moment (8:21), OPTT is trading at $2.74 per share after a gain of $0.91 per share or 49.73% thus far today.





OPTT Announces Deployment Of PB3 PowerBuoy In Japan

As mentioned above, Ocean Power Technologies is having a strong time in the pre-market hours after announcing that a PB3 PowerBuoy was deployed off the coast of Japan under a lease agreement the company has with Mitsui Engineering and Shipbuilding. In a statement, George H. Kirby, President and CEO at OPTT had the following to offer…




This is an exciting time for OPT as we initiate this lease and deploy the PB3 in Japanese waters for the first time. The deployment went well and the PB3 has already exceeded two thousand watts of peak power. We’re looking forward to leveraging this opportunity to bring our PowerBuoys to Japan and other parts of East Asia.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on OPTT. In particular, we’re interested in following the PB3 PowerBuoy and learning more about its performance. We’ll also be watching as the company works to expand sales and push these further to the market. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Xilinx, Inc. XLNX Stock News

Xilinx, Inc. (NASDAQ: XLNX) is having a pretty strong day in the market today, and for good reason. Renewed takeover speculation is causing excitement among investors who are pushing the stock upward. Of course, our partners at Trade Ideas were the first to inform us of the gains. At the moment (10:10), XLNX is trading at $56.07 per share after a gain of $0.97 per share or 1.76% thus far today.





XLNX Gains On Takeover Speculation

As mentioned above, Xilinx is having a strong day in the market today as takeover speculation starts to make its rounds again. The idea here is that Qualcomm (QCOM) is interested in taking the company over. However, there’s no assurance from either side of the coin that this is going to happen, nor a suggested price.




The truth is that speculative trades and investments are incredibly high risk. While this may be creating a bit of an opportunity, XLNX could fall just as quickly as it rose. So, if you’re going to trade on this news, make sure that you trade with caution.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on both XLNX and QCOM. In particular, we’re interested in learning if there is any validity to the speculation. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Applied Optoelectronics Inc AAOI Stock News

Applied Optoelectronics Inc (NASDAQ: AAOI) is having an overwhelmingly strong day in the market today, and for good reason. The company released preliminary Q1 results that beat expectations. As a result, investors went into a frenzy, pushing the stock upward and prompting our partners at Trade Ideas to alert us of the movement. At the moment (9:05), AAOI is trading at $50.21 per share after a gain of $9.39 per share or 23.00% thus far today.





AAOI Releases Preliminary Q1 Results

As mentioned above, Applied Optoelectronics is having an incredibly strong time in the pre-market hours after releasing strong preliminary Q1 results. The unaudited results for the first quarter, which ended on March 31, 2017, are as follows…




  • Revenue – Approximately 96.2 million.
  • GAAP and non-GAAP Gross Margin – Between 42.5% and 42.9%.
  • GAAP Net Income – Between $18 million and $18.4 million.
  • GAAP Fully Diluted EPS – Between $0.91 and $0.94

In a statement, Dr. Thompson Lin, Founder, President, and CEO at AAOI, had the following to offer…

We delivered another strong quarter with our top and bottom-line results expected to exceed our guidance… Our results were driven by continued robust demand for our market-leading datacenter products and solid execution. We are pleased with our momentum and look forward to sharing the additional details of our first quarter performance on our conference call in May.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on AAOI. In particular, we’re interested in learning more about the company’s growth on the conference call next month. Nonetheless, we’ll continue to watch the news closely and bring it to you as it breaks!

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Aehr Test Systems AEHR Stock News

Aehr Test Systems (NASDAQ: AEHR) is having an overwhelmingly strong start to the trading session this morning after announcing the pricing of a public offering. Investors liked the price, sending the stock upward and prompting our partners at Trade Ideas to alert us of the movement. At the moment (8:44), AEHR is trading at $4.30 per share after a gain of $0.26 per share or 6.44% thus far today.





AEHR Prices Secondary Public Offering

As mentioned above, AEHR Test Systems is having an overwhelmingly strong day in the market today after announcing the pricing of a previously approved public offering. The company intends to offer 3,846,154 shares of common stock for sale to the public at a price of $3.90 per share. The company has also granted the underwriter a 30-day option to purchase an additional 576,923 shares of common stock at the offering price to cover over-allotments. It is expected that the offering will close on April 19th, but it is subject to customary closing conditions.




What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on AEHR. In particular, we’re interested to see how quickly this offering is filled as well as watching the company through the use of that money toward growth. Nonetheless, we’ll continue to follow the news closely and bring it to you as it breaks!

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Square Inc SQ Stock News

Square Inc (NYSE: SQ) is having a pretty strong day in the market today, and for good reason. Early chatter regarding a potential takeover hit the wire. Of course, this led to excitement among investors and caused a rocket-like effect on the stock. As is almost always the case, our partners at Trade Ideas were the first to alert us to the gains on the stock. Since then, it has held steady. At the moment (11:48), SQ is trading at $17.25 per share after a gain of $0.33 per share (1.95%) thus far today.





SQ Heads Up On Takeover Chatter

As mentioned above, Square is having a strong day in the market as the result of rumors that the company may soon be acquired. The rumors suggest that Verizon (V) will be the buyer of the company. However, the rumor doesn’t cover at what price the acquisition may happen.




It’s important to keep in mind that we see rumors like this all the time in the market. While some of them do come to fruition, the vast majority of them do not. At the moment, this is nothing more than a rumor that has not been confirmed by either side.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on SQ. In particular, we’re interested in following the news surrounding the potential takeover. While this is just a rumor, and we don’t believe it to be a very valid one, anything can happen in the market. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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BlackBerry Ltd BBRY Stock News

BlackBerry Ltd (NASDAQ: BBRY) is having an overwhelmingly strong time in the pre-market hours this morning, and for good reason. The company won a court case in which it was awarded a large amount of royalty overpayments back. As a result, investors got excited and the stock started to soar. Of course, our partners at Trade Ideas were the first to inform us of the gains. Currently (8:58), BBRY is trading at $8.90 per share after a gain of $1.20 per share or 15.58%.





BBRY Wins Case Against QCOM

BlackBerry has been in a bit of a legal battle as of late. The battle was with Qualcomm Incorporated over overpayments of royalties made by BBRY at the request of QCOM. However, that battle seems to be over today. In a binding arbitration decision, the company was awarded $814,868,350.00 in royalty overpayments. The company will receive final word on reasonable attorney fees after a hearing on May 30,2017. In a statement, John Chen, Executive Chairman and CEO at BBRY, had the following to offer…




BlackBerry and Qualcomm have a longstanding relationship and continue to be valued technology partners… We are pleased the arbitration panel ruled in our favor and look forward to collaborating with Qualcomm in security for ASICs and solutions for the automotive industry.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on BBRY. In particular, we’re interested in following the company through its ongoing transition away from smartphones and toward software and security as well as the company’s continued relations with QCOM. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks.

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Globalstar, Inc. GSAT Stock News

Globalstar, Inc. (NYSEMKT: GSAT)

Globalstar is having an overwhelmingly strong start to the day in the pre-market hours this morning. After a competitor was acquired with a massive premium, investors seem to be excited, hoping for a takeover here as well. As is almost always the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (9:12), GSAT is trading at $1.87 per share after a gain of $0.25 per share (15.43%) thus far today.





GSAT Gains On The Back Of Competitor Takeover

As mentioned above, Globalstar is having an overwhelmingly strong start to the day today as investors hope for a takeover. The hopes were sparked when a competitor known as Straight Path Communications (STRP) was taken over by AT&T at a price representing a premium of 162%.




In many cases, when we see large acquisitions like this by big players in industries, it can create a domino effect. This is when larger competitors look to make similar acquisitions to stay competitive. So, the hope here is that another communications company will acquire GSAT at a strong premium as well.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on GSAT. In particular, we’re interested in seeing if acquisition news will come down the line. Of course, if the company is acquired, it will likely lead to a strong return of value for investors. Nonetheless, we’ll continue to follow the news closely and bring it to you as it breaks!

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Straight Path Communications Inc STRP Stock News

Straight Path Communications Inc (NYSEMKT: STRP)

Straight Path Communications is having an overwhelmingly strong time in the pre-market hours this morning, and for good reason. The stock is the topic of a takeover story that’s leading to excitement among investors and causing monumental gains in the value of the shares. Of course, our partners at Trade Ideas were the first to alert us to the movement. At the moment (8:53), STRP is trading at $92.50 per share after a gain of $56.02 per share (153.56%) thus far today.





STRP To Be Acquired




As mentioned above, Straight Path is seeing incredible gains in the value of its stock this morning after announcing acquisition news. The company announced that it would be acquired by AT&T (NYSE: T). The acquisition will take place as an all-stock deal, with the value of $95.63 per share. That represents a premium of 162% when comparing the price of the acquisition to Friday’s closing price.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on STRP. In particular, we’ll be watching this acquisition closely as it is still subject to certain closing conditions. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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salesforce.com, inc. CRM Stock News

Salesforce.com, inc. (NYSE:CRM) is having an incredible day in the market today, and for good reason. A classification by the government is giving the stock a boost and really exciting investors. Of course, our partners at Trade Ideas were the first to alert us to the upward movement. At the moment (11:19), CRM is trading at $85.73 per share after a gain of $2.76 per share (3.33%) thus far today.





DoD Grants Salesforce Government Cloud Positive Classification

As mentioned above, salesforce.com is having a strong day in the market today, and for good reason. The company was recently granted a positive classification by the US Defense Information Systems Agency and Department of Defense. The classification grants Salesforce Government Cloud a provisional authorization at Impact Level 4, or simply IL 4.




Because of the new classification, governmental agencies and members can use Salesforce Government Cloud for controlled unclassified information. Ultimately, this allows CRM to work with US Government organizations and hold information, including personally identifiable information as well as protected health information.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on CRM. In particular, we’re interested in seeing how the new classification from the US Government equates to profits for the company. We’ll continue to follow the story closely and bring the news to you as it breaks!

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Advanced Micro Devices, Inc. AMD Stock News

Advanced Micro Devices, Inc. (NASDAQ:AMD) is having a strong time in the market at the moment, and for good reason. There are rumors breaking that the company may be acquired, and these, unlike most market rumors, aren’t so vague. As a result, investor excitement is causing the stock to climb, prompting our partners at Trade Ideas to alert us to the movement. At the moment (11:05), AMD is trading at $14.56 per share after a gain of $0.40 per share (2.82%) thus far today.





AMD Rumored To Be Acquired By TXN

As mentioned above, Advanced Micro Devices is having a strong time in the market at the moment as rumors break. The rumor is that Texas Instruments Incorporated (NASDAQ:TXN) is interested in acquiring the company. The rumor even offers a price, suggesting that the acquisition will happen at or around $18 per share.




While the rumors that TXN is interested in acquiring AMD aren’t quite as vague as most rumors that we see surrounding takeovers in the market, they are still rumors. Without confirmation from either side, we can’t be sure that a takeover is going to happen.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping an incredibly close eye on AMD and TXN. After all, we’re interested in learning whether or not TXN will indeed acquire AMD. If they do, this would likely return incredible value to shareholders. We’ll continue to follow the story closely 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...