Author Archives: Scalper1

Criteo Enters 2016 With Alibaba China Expansion Doubt

Pacific Crest Securities handed Criteo (CRTO) a price target cut, questioning the Paris-based ad tech firm’s global expansion pace and whether Alibaba Group (BABA) will emerge as a major client in 2016. Pacific Crest analyst Evan Wilson cut his price target on Criteo stock to 58 from 65 while maintaining an overweight rating on the company. Wilson estimates that Criteo places cookies “on 52% of the top 100 retail and travel sites (publisher and

Chinese Duo Ups Ante In Fairchild Chip Bidding War

A Chinese duo tied to Tsinghua Unigroup tried to scoop Fairchild Semiconductor (FCS) from ON Semiconductor (ON) with an unsolicited bid as, separately, rumors brewed that Microchip Technology (MCHP) could make an offer for Atmel (ATML) that would top the bid made by Apple (AAPL) supplier Dialog Semiconductor. Wall Street’s eyes zeroed in Tuesday on the Fairchild M&A. In early trading on the stock market today, Fairchild stock surged as much as

Netflix needs foreign help to boost subscriber growth

Expansion into foreign markets and new original programming in those markets are key to Netflix (NFLX) boosting subscriber growth, which fell short of estimates in the third quarter, said an analyst at Rosenblatt Securities. “For the past few years, Netflix has been trading largely on subscriber growth and performance relative to guidance,” wrote Rosenblatt analyst Martin Pyykkonen in a research note Tuesday. “This year should mark a more rapid