Tag Archives: bad-request

Apple Supplier, 4 Other Tech Stocks Abuzz After Hours

Shares of five tech stocks — including one Apple (AAPL) supplier — are abuzz late Wednesday following a slew of view-topping earnings results. Cybersecurity firm Fortinet (FTNT) spiked 9% in extended trading, after reporting flat year-over-year Q2 earnings of 11 cents a share that managed to beat forecasts by 2 cents. Sales climbed 30% to $239.8 million vs. views for $222.7 million. F5 Networks (FFIV) also rose in late trading as the data-center

Homebuilders Rally On Heels Of Strong Economic Data

The housing market is on fire, and homebuilder stocks are starting to perk up. The residential and commercial building group, which ranks in the top third of IBD’s 197 industries, was a leading performer Wednesday, helped by earnings news and strong home sales data. Existing home sales in June jumped nearly 10% from a year ago, topping economist expectations, according to the National Association of Realtors. Earlier in the month, the National

Cloud business optimism fails to lift Microsoft stock

Microsoft (MSFT) played up its cloud computing transition, but its June-quarter earnings report went over like a lead balloon with investors on Wednesday. Microsoft shares fell 3.7% to 45.51 on Wednesday after the company late Tuesday posted its fiscal fourth-quarter results. Microsoft’s sales fell 5% year over year to $22.2 billion in its fiscal Q4 ended June 30. Excluding the impact of foreign currency exchange rates, Microsoft’s revenue would have fallen 2%. It was just the second quarter in at least the last four years that Microsoft’s sales have declined on a year-over-year basis. Microsoft earned 62 cents a share excluding items, up 11% from a year earlier. But factoring in its massive impairment charge and restructuring expenses related to its Nokia (NOK) phone unit acquisition, Microsoft lost $3.2 billion, or 40 cents a share. Microsoft’s commercial cloud business is now on an annualized revenue run rate of over…