Netflix (NFLX) shares leaped to a record high on Wednesday, a day after the subscription Internet television service announced a 7-for-1 stock split. Netflix stock was up more than 1% in morning trading on the stock market today, but earlier rose as much as 3.7%, to 706.24. That beat its previous all-time high of 692.79 from June 10. Even before news of the split, Netflix had been getting bullish reports of late. Activist investor Carl Icahn
Chinese Internet search leader Baidu (BIDU) is adding more than $1 billion to its war chest as the company spends-to-grow in the competitive China Internet market. Baidu expects to receive $1.24 billion, after costs, from its upcoming bond offering, the company announced late Tuesday. The public offering consists of $750 million of 3% notes due in 2020, the company said, along with $500 million of 4.125% notes due in 2025. The notes are to be
Hot young companies like CyberArk Software (CYBR) and Palo Alto Networks (PANW) usually grow profits and sales at a faster pace than older, more established companies. Today’s Screen Of The Day is Young Guns, stocks of top-rated companies that have gone public within the past 15 years. The list includes five companies with a strong cloud focus — ones that provide software and services via the Internet. CyberArk Software CyberArk, which launched