Tag Archives: lead tech

SunPower Raised Guidance Disappoints Solar Investors

Highflier SunPower fell late Wednesday after the company reported better-than-expected Q4 results but issued conservative guidance that disappointed investors. The report kicked off a round of hotly awaited solar energy earnings reports in IBD’s No. 1 industry group. SunPower (SPWR) stock, up 431% in 2013 and 6% year to date, lifted almost 2% during the trading day Wednesday but dropped 4% following its after-the-bell report. SunPower reported

Cisco Systems Sales Fall Amid ‘Multiple Transitions’

Cisco Systems showed a few signs of growth last quarter amid its big transition, but as expected, its year-to-year revenue fell for the first time in 18 quarters. The No. 1 maker of networking gear late Wednesday posted fiscal Q2 results that edged Wall Street views — two months after it scaled back its revenue forecast for the year, citing weak demand in developing countries and

FireEye Guidance Lags, Stock Falls After Hitting High

Security software maker FireEye, a top-performing IPO in 2013, late Tuesday gave a current-quarter outlook that missed Wall Street expectations, sending its shares falling in after-hours trading. For Q1, FireEye (FEYE) estimates revenue of $70 million to $72 million, where the analyst consensus was $76 million. The company, which hasn’t yet sniffed profitability, expects a per-share loss minus items of 51 cents to 56 cents. Analysts had modeled a