Check Point Follows Fortinet With Q3 Earnings Beat

Check Point Software (CHKP) maintained the momentum, late Thursday posting a Q3 earnings beat a day after fellow security software maker Fortinet did the same. Check Point was up more than 1.5% in midday trading in the stock market today/, near 72. Fortinet (FTNT) stock was up nearly 1% in midday trading Friday after rising as much as 6% on Thursday, though it ended up the day up a shade over 1%. Israel-based Check Point raised its full-year

Edwards Lifesciences Hits New High On Q3 Earnings

Medical device maker Edwards Lifesciences (EW) jumped 11% to an all-time high in the stock market today after it beat Q3 earnings estimates late Thursday and got a barrage of price-target increases from analysts. Edwards’ earnings rose 14% over the year-earlier quarter to 80 cents a share, beating analysts’ consensus by 8 cents. Sales increased 23% to $607 million, more than $60 million above the Street’s average estimate. For the fourth quarter,

Microsoft Surface business is profitable now

While Microsoft refashions itself as a productivity and platforms company, it’s also keeping a close eye on profits. A key sign of that was the company’s announcement late Thursday that its Surface tablet business was profitable in the September quarter. Microsoft (MSFT) is estimated to have lost $1.7 billion on Surface from its October 2012 launch through the June quarter, according to an analysis by Computerworld. Surface had lost money every quarter. But Microsoft “improved the business economics” of the product in its fiscal Q1, which ended Sept. 30, Microsoft CEO Satya Nadella said on a conference call with analysts. And the gross profit margin for Surface was positive last quarter, Chief Financial Officer Amy Hood announced, though she didn’t offer specifics. “Surface had strong results this quarter, driven by positive customer response to Surface Pro 3,” Nadella said. “The product lineup is the right one, and…

Pandora Beats But Listener Growth Dips, Stock Dives

Pandora Media (P)stock tumbled Friday as the leading Web radio service reported slowing growth in active listeners but rising listener hours. Pandora stock was down 16% in morning trading in the stock market today, near 19.50, a 13-month low and down 52% from its all-time high of 40.44, which the stock touched in March. The No. 1 streaming radio service is in a heated battle with rivals such as Apple’s (APPL) iTunes and Beats Music, Amazon.com’s

Digital River Agrees To Private Equity Sale

Digital River (DRIV) plans to take a walk from Wall Street. The provider of cloud e-commerce software agreed late Thursday to be acquired by an investor group led by Siris Capital Group for $840 million, or $26 a share. The price represents a premium of 50% over the company’s closing price Thursday and 67% over the company’s average share price over a 90-day period ending Thursday. Digital will become wholly-owned by an affiliate of Siris. The