Shares of Universal Display (NASDAQ:OLED) surged higher on Friday, following Thursday evening’s release of solid first-quarter results. As of 2:35 p.m. EDT, the stock had risen 13% above Thursday’s closing prices.
In the first quarter, the researcher of phosphorous organic light-emitting diode (OLED) technologies saw sales sliding 22% lower year over year, to land at $43.6 million. On the bottom line, GAAP (generally accepted accounting principles) earnings fell 41% to $0.13 per share. These results include a large impact from new accounting rules for long-term contracts and supplier agreements, known as ASC Topic 606. Running the first-quarter books under the old Topic 605 rules, sales would have increased 23% year over year to $68.2 million, and the bottom line would have shown earnings of $0.55 per diluted share.
It’s unclear whether analysts had been counting on Universal Display adopting Topic 606 rules for this report, but their consensus estimates for the first quarter called for earnings of $0.13 per share on sales near $52 million.
Best Tech Stocks To Invest In Right Now: Sphere 3D Corp.(ANY)
- [By Max Byerly]
These are some of the news articles that may have impacted Accern’s analysis:
Get Sphere 3D alerts:
How to Use Email Signature Marketing to Support Your Data-driven Marketing Efforts (martechadvisor.com) Sphere 3D (ANY) versus Its Peers Financial Analysis (americanbankingnews.com) Critical Survey: Sphere 3D (ANY) & Its Competitors (americanbankingnews.com) Financial Analysis: Sphere 3D (ANY) vs. The Competition (americanbankingnews.com) Comparing Sphere 3D (ANY) & Its Rivals (americanbankingnews.com)
ANY stock traded down $0.03 during midday trading on Thursday, reaching $0.44. 4,003 shares of the company’s stock traded hands, compared to its average volume of 1,270,410. Sphere 3D has a 1-year low of $0.44 and a 1-year high of $0.46. The stock has a market capitalization of $6.39 million, a price-to-earnings ratio of -0.33 and a beta of 2.40.
- [By Paul Ausick]
Sphere 3D Corp. (NASDAQ: ANY) fell by more than 48% Friday to post a new 52-week low of $0.57 after closing at $1.10 on Thursday. The 52-week high is $7.25. Volume of about 5.3 million was more than 10 times the daily average. Another secondary stock offering. This time 3.3 million shares plus warrants at $0.70.
Best Tech Stocks To Invest In Right Now: Veeva Systems Inc.(VEEV)
- [By Motley Fool Staff]
Matt Wallach is the co-founder and president of Veeva Systems(NYSE:VEEV), a cloud-based software company that found success catering to the life-sciences industry. But the company isn’t stopping there.
- [By Kristine Harjes]
In this week’s episode of Industry Focus: Healthcare, host Kristine Harjes interviews Matt Wallach, the co-founder and president of cloud computing companyVeeva Systems(NYSE:VEEV). Veeva serves healthcare companies across the board, from fledgling biotechs to massive stalwarts like Johnson & Johnson, and many investors see big potential for sustainable, long-term growth in the future.
Best Tech Stocks To Invest In Right Now: ServiceNow, Inc.(NOW)
- [By Shane Hupp]
Investors sold shares of ServiceNow (NYSE:NOW) on strength during trading hours on Thursday following insider selling activity. $69.52 million flowed into the stock on the tick-up and $101.61 million flowed out of the stock on the tick-down, for a money net flow of $32.09 million out of the stock. Of all stocks tracked, ServiceNow had the 0th highest net out-flow for the day. ServiceNow traded up $3.23 for the day and closed at $168.73Specifically, Director Susan L. Bostrom sold 19,673 shares of ServiceNow stock in a transaction on Friday, February 9th. The stock was sold at an average price of $142.24, for a total transaction of $2,798,287.52. Following the transaction, the director now owns 7,079 shares in the company, valued at approximately $1,006,916.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frank Slootman sold 100,000 shares of ServiceNow stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $146.27, for a total value of $14,627,000.00. Following the transaction, the director now owns 201,776 shares in the company, valued at approximately $29,513,775.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 621,172 shares of company stock worth $98,285,013. 3.30% of the stock is currently owned by corporate insiders.
- [By Lee Jackson]
This is another red-hot momentum stock that has had an outstanding year.ServiceNow Inc. (NYSE: NOW) develops and sells a hosted, subscription-based suite of services designed to automate various IT department functions, such as help desk, operations management and change/release management.
- [By ]
The seven companies cited by Cramer are Salesforce.com Inc. (CRM) , Workday Inc. (WDAY) , ServiceNow Inc. (NOW) , Splunk Inc. (SPLK) , New Relic Inc. (NEWR) , VMWare Inc. (VMW) , and Adobe Systems Incorporated (ADBE) .
- [By Ethan Ryder]
Investors bought shares of ServiceNow (NYSE:NOW) on weakness during trading on Thursday. $138.65 million flowed into the stock on the tick-up and $95.86 million flowed out of the stock on the tick-down, for a money net flow of $42.79 million into the stock. Of all stocks tracked, ServiceNow had the 6th highest net in-flow for the day. ServiceNow traded down ($1.06) for the day and closed at $178.98
Best Tech Stocks To Invest In Right Now: ManpowerGroup(MAN)
- [By Shane Hupp]
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lowered its stake in shares of ManpowerGroup (NYSE:MAN) by 12.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,463 shares of the business services provider’s stock after selling 1,109 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in ManpowerGroup were worth $859,000 at the end of the most recent reporting period.
- [By Dan Caplinger]
Friday was a poor day on Wall Street, as the Dow Jones Industrials fell 200 points and other major benchmarks lost about 1%. Rising bond yields were a major source of consternation among those following the financial markets, with the 10-year Treasury hitting 2.95% and helping to send mortgage rates sharply higher. Even though earnings season has gone fairly well for many companies, some investors are also starting to realize that political issues are likely to cloud the outlook for the U.S. economy in the coming months, creating more uncertainty that could stymie further market gains. Some bad news affecting individual companies also added to the negative mood. Stanley Black & Decker (NYSE:SWK), ManpowerGroup (NYSE:MAN), and Sage Therapeutics (NASDAQ:SAGE) were among the worst performers on the day. Here’s why they did so poorly.
- [By Shane Hupp]
TRADEMARK VIOLATION WARNING: “ManpowerGroup (MAN) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/3373626/manpowergroup-man-posts-quarterly-earnings-results-beats-estimates-by-0-09-eps.html.
- [By ]
2. Staffing firms could do well as employees look to other options if their employers won’t raise rates along with the trend. Firms like Robert Half International (NYSE: RHI) and ManpowerGroup (NYSE: MAN) would also benefit from higher wages through the fees the companies collect when they place an employee contract.
Best Tech Stocks To Invest In Right Now: Loral Space and Communications Inc.(LORL)
- [By Max Byerly]
Loral Space & Communications (NASDAQ:LORL) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.