Google’s (GOOGL) view-topping quarterly performance late Thursday has sent shares flying in the stock market today to the first buy zone the stock has offered in a year. The search giant credited the bulk of its growth to mobile search ad revenue as well as YouTube and programmatic advertising. The stock gapped up 19% in enormous volume on Friday afternoon, solidly breaking out of a year-long price consolidation with a 609.01 buy point. The move
Google (GOOGL) collected at least 11 price target boosts on Friday as the search leader’s stock rocketed to an all-time high on pledges from the company’s new CFO to scrutinize spending and the company’s Q2 earnings beat consensus views. New Google CFO Ruth Porat, who debuted during the company’s post-earnings call with analysts late Thursday, also apparently soothed investor concerns about the performance of Google’s core search operations.
SolarWinds (SWI) got a downgrade and its price target was lowered by several analysts Friday after the software maker late Thursday reported a Q2 revenue miss and weak guidance. SolarWinds stock was down 24% in midday trading in the stock market today, at an 18-month low below 36. “While there will be some concerns among some investors this morning that the slowing license growth in the second quarter is the start of a familiar trend, we are