Author Archives: Scalper1

Box Stock Falls As Losses Overshadow Revenue Growth

Box (BOX) stock was down 6.7% at the closing bell on Thursday, after the online data storage and file-sharing service provider reported in-line fiscal Q3 2016 earnings per share, excluding items, but a higher net loss. Los Altos, Calif.-based Box, which raised $175 million in its January initial public offering , late Wednesday reported a net loss of $55 million in fiscal Q3, up from a $45.4 million loss in the year-earlier period. Box said that

GoPro Headwinds Slam Ambarella Q4 View, Stock Plunges

Ambarella (AMBA) stock toppled late Thursday on Wall Street after the GoPro (GPRO) action-camera chipmaker guided its fiscal Q4 sales vastly below analyst expectations, with year-over-year growth that would be its smallest since the July 2011 quarter. In after-hours trading after its earnings release, and after falling 4.3% in Thursday’s regular session, Ambarella stock was down more than 3% to 57.88. For its fiscal Q3, which ended Oct. 31,

Tesla Powerwall Powers Up Home Battery Market

Tesla Motors (TSLA) gained a toehold in the home Thursday, moving beyond the garage, as Vermont’s Green Mountain Power became the first utility to offer Powerwall batteries to its customers. Green Mountain said Thursday that its Vermont customers now have the option of buying the Tesla Powerwall, which stores electricity generated from solar panels and from utilities when rates are low, to provide backup electricity. Green Mountain, which serves