Posts for Ticker ‘DRIV’

Top Day Trader Alerts (BDK, DRIV, DNDN, DEPO, KBH, ONXX, V)

These are this morning’s top day trader and active alert stocks moving on volume.  We have provided links through to each stock with more detailed analysis and data at VSInvestor.com:

Black & Decker (NYSE: BDK) is running on significantly higher guidance.

Digital River, Inc. (NASDAQ: DRIV) is one of the biggest losers after Symantec is terminating a contract.

Dendreon Corporation (NASDAQ: DNDN) is surging over 5% on new solid board member additions to help it transition.

DepoMed, Inc. (NASDAQ: DEPO) is down over 30% after missing some hot flash trial endpoints.

KB Home (NYSE: KBH) is being hit by 5% on an SEC inquiry disclose.

ONYX Pharmaceuticals, Inc. (NASDAQ: ONXX) is trading up despite it acquiring a private company.

Visa Inc. (NYSE: V) is set to challenge 52-week highs on an upgrade.

You can join our open email distribution list to get updates each morning on analyst upgrades and downgrades, top day trader alerts, IPO’s and secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG

Posted on: October 12, 2009 – 8:57 am in Pre-Market Activity, Trading Alert, , , , , , ,

Analyst Upgrades & Downgrades in Tech & Telecom (AKAM, DRIV, IFX, LEAP, PCS, NETL, SAP, TEL)

These are the top upgrades, downgrades, and new coverage calls from Wall Street analysts in technology and telecom this Thursday morning:

Akamai Technologies (NASDAQ: AKAM) Cut to Hold at Jefferies; Cut to to Neutral from Buy at Merriman Curhan Ford.
Digital River (NASDAQ: DRIV) Cut to Hold at Deutsche Bank.
Infineon (NYSE:IFX) Raised to Buy at RBS.
Leap Wireless (LEAP) Cut to Neutral at RW Baird.
MetroPCS (NYSE: PCS) Cut to Neutral from Outperform at RW Baird…
NetLogic (NASDAQ: NETL) Cut to Neutral from Outperform at RW Baird.
SAP AG (NYSE: SAP) Raised to Hold from Sell at Societe Generale.
Tyco Electronics (NYSE: TEL) Raised to Buy from Neutral at UBS.

Jon C. Ogg
July 30, 2009

Posted on: July 30, 2009 – 8:12 am in Analyst Calls, Technology Companies, Telecom, , , , , , , ,

Top 10 Analyst Upgrades & Downgrades (BHP, COST, DRIV, GT, PX, PZN, RAI, ROK, VIP, VMC)

These are ten of the top analyst upgrades and downgrades we have seen from Wall Street early this Thursday morning:

BHP Billiton (BHP) Started as Outperform at RBC.
Costco (COST) Cut to Neutral at UBS.
Digital River (DRIV) Raised to Perform at Oppenheimer.
Goodyear Tire (GT) Cut to Hold at Citigroup.
Praxair (PX) Raised to Overweight at JPMorgan.
Pzena Investment (PZN) Raised to Overweight at JPMorgan.
Reynolds American (RAI) Cut to Neutral at UBS.
Rockwell Automation (ROK) Cut to Underperform at Baird.
Vimpel Comm (VIP) Cut to Neutral at UBS.
Vulcan Materials (VMC) Cut to Sell at Citigroup.

JON C. OGG

Posted on: April 30, 2009 – 6:53 am in Analyst Calls, , , , , , , , , ,

Top Analyst Upgrades (ADBE, ALGT, AXP, DRIV, GMR, MSFT, NFLX, OMTR, CRM, SYMC)

These are some of the top analyst upgrades or positive initiations we have seen early this morning with about two hours until the open:

Adobe Systems (ADBE) Raised to Outperform at RBC.
Allegiant Travel (ALGT) Started as Overweight at Barclays.
American Express (AXP) Raised to Hold from Sell at Citigroup.
Digital River (DRIV) Raised to Outperform at RBC.
General Maritime (GMR) Raised to Overweight at JPMorgan.
Microsoft (MSFT) Raised to Outperform at RBC.
Netflix (NFLX) Started as Overweight at Thomas Weisel.
Omniture (OMTR) Raised to Outperform at RBC.
Salesforce.com (CRM) Raised to Outperform at RBC.
Symantec (SYMC) Raised to Outperform at RBC.

JON C. OGG

Posted on: April 7, 2009 – 6:52 am in Analyst Calls, , , , , , , , , ,

Top Analyst Upgrades (BIG, GLW, DRIV, DUK, KSS, MEOH, PFE, STP, TRV, WYE)

money-stack-image19These are the top pre-market analyst upgrades and positive calls we have seen from analysts this Tuesday morning:

  • Big Lots (BIG) Raised to Buy at Soleil.
  • Corning (GLW) Raised to Buy at Collins Stewart.
  • Digital River (DRIV) Raised to Buy at Deutsche Bank.
  • Duke Energy (DUK) Raised to Outperform at Credit Suisse.
  • Kohl’s (KSS) Raised to Buy at BofA Merrill.
  • Methanex (MEOH) Raised to Outperform at CIBC.
  • Pfizer (PFE) Raised to Buy at UBS.
  • Suntech Power (STP) Raised to Market Weight at Thomas Weisel.
  • Travelers (TRV) Started as Outperform at Oppenheimer.
  • Wyeth (WYE)  Raised to Buy at UBS.

JON C. OGG

Posted on: March 10, 2009 – 6:33 am in Analyst Calls, , , , , , , , , ,

Top Pre-Market Analyst Upgrades (AMGN, CPLP, DRIV, DSX, DNA, GNK, MAKO)

These are some of the top upgrades we are seeing from Wall Street analysts this morning:

  • Amgen (AMGN) Raised to Outperform at William Blair.
  • Capital Product Partners (CPLP) Started as Outperform at Oppenheimer.
  • Digital River (DRIV) Raised to Neutral at Goldman Sachs.
  • Diana Shipping (DSX) Started as Outperform at Oppenheimer.
  • Genentech (DNA) Raised to Outperform at William Blair.
  • Genco Ship & Trading (GNK) Started as Outperform at Oppenheimer.
  • Mako Surgical (MAKO) Started as Buy at Piper Jaffray.

Jon C. Ogg
October 2, 2008

Posted on: October 2, 2008 – 7:16 am in Analyst Calls, , , , , , ,

Top Pre-Market Analyst Downgrades (CPHD, DRIV, FDRY, MAN, MLM, MPEL, MPS, SMOD, VMC)

These are some of the top analyst downgrades we are seeing affecting shares of stock this morning:

  • Cepheid (CPHD) Cut to Neutral at Piper Jaffray.
  • Digital River (DRIV) Cut to Market Weight at Thomas Weisel.
  • Foundry Networks (FDRY) Cut to Neutral at Baird.
  • Manpower (MAN) Started as Sell at Deutsche Bank.
  • Martin Marietta (MLM) Cut to Neutral at JPMorgan.
  • Melco Crown (MPEL) Cut to Hold at Citigroup.
  • MPS Group (MPS) Started as Sell at Deutsche Bank.
  • Smart Modular (SMOD) Cut to Hold at Needham.
  • Vulcan Materials (VMC) Cut to Underweight at JPMorgan.

Jon C. Ogg
September 10, 2008

Posted on: September 10, 2008 – 6:35 am in Analyst Calls, , , , , , , , ,

Top 10 Pre-Market Analyst Downgrades (ACE, DRIV, EIG, PAC, INTU, NOK, NCX, OMX, VMW)

There are many research calls out this morning. Here are ten downgrades or negative analyst calls we are monitoring this morning:

  • ACE Ltd. (NYSE: ACE) Cut To Hold From Buy By Citigroup.
  • Digital River (NASDAQ: DRIV) Downgraded to Sell from Neutral at Goldman Sachs.
  • Employers Holdings (NYSE: EIG) Downgraded to Market Perform at KBW.
  • Grupo Aeroportuario del Pacifico (NYSE: PAC) Downgraded to Sell at Citigroup.
  • Intuit (NASDAQ: INTU) Downgraded to Sell from Neutral at Goldman Sachs.
  • Nokia (NYSE: NOK) lowered price target but maintained Buy at Merrill Lynch.
  • NOVA Chemicals (NYSE: NCX) Downgraded to Sell at Citigroup.
  • OfficeMax (NYSE: OMX) Downgraded to Neutral from Buy at Piper Jaffray.
  • VMware (NYSE: VMW) Downgraded to Hold at Jefferies (may be yesterday afternoon call).

Jon C. Ogg
July 9, 2008

Posted on: July 9, 2008 – 6:22 am in Analyst Calls, , , , , , , , ,

52-Week Low Club (AVID, CERN, DRIV, MIL, NZ, OMCL, HPOL, FLE, ACTU)

These are some of the more active stocks that were trading on new 52-week lows today:

  • Avid Technology Inc. (NASDAQ:  AVID). Selling at lowest level since 2003 today at around $19.20 due to downgrades and poor outlook. The former low was $23.50. 
  • Cerner Corp. (NASDAQ: CERN). This healthcare solutions company isn’t looking so healthy after disappointing quarter, although isn’t hasn’t spent the whole day trading under the 52-week low. 
  • Digital River Inc. (NASDAQ: DRIV). Not meeting the street, the e-commerce company was trading at $30 at mid-day. The prior 52 week low was $32.
  • Millipore Corp. (NYSE: MIL). Low sales lead to a new low. Trading at $64.61 at mid-day, the prior 52 week low was $64.90. 
  • Netezza Corporation (NYSE: NZ). Was down over 8% at mid-day, this data warehouse appliance provider on somewhat of a head scratcher….
  • Omnicell Inc. (NASDAQ: OMCL). Perhaps this medication control company needs to take a dose of its medicine as shares fall to as low as $17.61, although it is back above its prior low of $18.28 at mid-day. 
  • Harris Interactive Inc. (NASDAQ: HPOL). Down 21% at mid-day after a disappointing earnings call. The prior low was $2.90.
  • Fleetwood Enterprises Inc. (NYSE: FLE). This mobile home maker didn’t spend all day under the 52-week lows, but the weakness after yesterday’s earnings and a downgrade persisted. Apparently tornadoes aren’t the only ones that don’t like mobile homes.   
  • Actuate Corp. (NASDAQ: ACTU). For a company that provides software for business intelligence, business isn’t looking too hot. Down 23% at mid-day $4.34, its prior low was $4.91.

Have a great weekend, particularly if you are doing Mardi Gras parties and the Super Bowl!

Rachel Lopez
February 1, 2008

Posted on: February 1, 2008 – 4:01 pm in HI/LOW, , , , , , , , ,

Top 10 Pre-Market Analyst Calls (DRIV, ISIL, MUR, NAPS, BTU, RNWK, SINA, URI, VVUS, YRCW)

These are not the only impacting analyst calls this morning, but these are most of the initial calls being focused on by 247WallSt.com:

  • Digital River (DRIV) raised to Outperform from Neutral at Credit Suisse.
  • Intersil (ISIL) raised to Buy from Neutral at UBS.
  • Murphy Oil (MUR) downgraded to Peer Perform from Outperform at Bear Stearns.
  • Napster (NAPS) started as an "Underperform" at Bear Stearns.
  • Peabody Energy (BTU) downgraded to Neutral from Buy at Merrill Lynch.
  • Real Networks (RNWK) started as Outperform at Bear Stearns.
  • Sina (SINA) raised to Buy from Neutral at Piper Jaffray.
  • United Rentals (URI)  raised to Buy from Neutral at UBS.
  • Vivus (VVUS) started as Overweight at J.P.Morgan.
  • YRC Worldwide (YRCW) downgraded to Underperform from Market Perform at Wachovia.

Jon C. Ogg
January 3, 2008

Posted on: January 3, 2008 – 7:45 am in Analyst Calls, , , , , , , , , ,

Top 10 Analyst Calls (AIG, AAPL, CMCSA, CAG, DRIV, ETEL, DNA, PBG, PDLI, SURW)

These aren’t the only analyst calls we are watching, but these are the top ten that 247WallSt.com is reviewing:

  • AIG (AIG) reiterated Buy at Goldman Sachs.
  • Apple (AAPL) target raised to $249 from $243 and estimates raised to $5.40 at Bear Stearns.
  • Comcast (CMCSA) downgraded to Neutral from Buy at Goldman Sachs (maybe late yesterday call).
  • ConAgra (CAG) started as Outperform at Bear Stearns.
  • Digital River (DRIV) downgraded to Hold from Buy at Deutsche Bank.
  • eTelecare (ETEL) started as Outperform at FBR.
  • Genentech (DNA) downgraded to Hold at Jefferies.
  • Pepsi Bottling Group (PBG) downgraded to SELL from Neutral at Goldman Sachs.
  • PDL BioPharma (PDLI) raised to Overweight Lehman Brothers.
  • SureWest Comms (SURW) started as Buy at Jefferies.

Jon C. Ogg
December 6, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: December 6, 2007 – 8:01 am in Analyst Calls, , , , , , , , , ,

52-Week Low Club I (AMD, BIG, DRIV, FRPT, HOTT, SOLD)

Below is the first batch of 52-week lows today:

  • Advanced Micro Devices (NYSE:AMD) hits the 52-week lows.  I guess Dell being weak and them losing their position there isn’t pleasing anyone.  Maybe they get another stake taken from the Middle East.  Maybe not.  This one is now eligible for coverage in our "10 Stocks Under $10" Newsletter, although unless the company has a split personality it’s hard to be positive here. $9.72 close…under the $9.80 new low.
  • Big Lots (NYSE:BIG)…down 8% to $18.67, under the $19.17 prior 52-week low.  It beat earnings but a lowered guidance makes this the story of "The Good, The Bad, & The Fugly"… remember our own "Big Lots Stock Uglier Than Its Stores" call? We took some heat for being insulting, but it wasn’t as insulting as the stores themselves.  They don’t sell iPods, but i-Nots are over the place.
  • Digital River (NASDAQ:DRIV) fell 3.3% to $38.67, under the $39.01 lows and down from $60.99 highs. A BenQ contract win didn’t help. 
  • Force Protection (NASDAQ:FRPT) down big today by 27% to 410.81. Apparently the Marines are slowing spending on mine-resistant trucks, and that kills this stock.
  • Hot Topic (NASDAQ:HOTT) down 3% to $6.31 versus $6.37 prior 52-week lows.  Nothing hot here.
  • Housevalues (NASDAQ:SOLD)…. apparently the housing woes aren’t ending there, even if housing and lending is seeing severe short covering.

Jon C. Ogg
November 30, 2007

Posted on: November 30, 2007 – 4:32 pm in HI/LOW, , , , , ,

Goldman Sachs Targets Select IT Names (DRIV, MVSN, BOBJ, COGN, INFA)

Goldman Sachs has initiated several IT names this morning.  While most of the names are neutral rated, these are the stocks it views favorably in each group with values as the current issue.

BUSINESS INTELLIGENCE: Cognos (COGN) started as Neutral, $1.70 2007 EPS target. Informatica (INFA) started as Neutral, $0.52 2007 EPS target. Business Objects (BOBJ) coverage transfer, also started as Neutral. Goldman Sachs also notes that it would look for a pullback in the names for a more attractive entry point.

DIGITAL RIGHTS: Macrovision (MVSN) started as Neutral and $32 target, $0.76 2007 EPS target.

MIGRATION SOFTWARE: Digital River (DRIV) started as Buy, $1.59 2007 EPS target; issues $54 target; attractive valuation atfer recent pullback.

Jon C. Ogg
July 11, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: July 11, 2007 – 7:58 am in Analyst Calls, , , , ,

Pre-Market Analyst Calls (July 10, 2007)

ACAD started as Outperform at FBR.
ALC started as Outperform at RBC.
ARUN started as Buy at Jefferies.
ATVI started as Buy at First Albany.
AZ raised to Buy at UBS.
CHA cut to Hold at Deutsche Bank.
DRIV raised to Outperform at RBC.
DTV raised to Buy at Citigroup.
EMC started as Mkt Perform at BMO Capital Markets.
F raised to Overweight at JPMorgan.
FOLD started as Overweight at JPMorgan.
FORM cut to Underweight at JPMorgan.
FVE started as Sector Perform at RBC.
GGG cut to Sector Perform at CIBC.
GM raised to Overweight at JPMorgan.
GME started as Buy at First Albany.
GRMN started as Neutral at B of A.
LMIA cut to Mkt Perform at Wachovia.
MU raised to Buy at Jefferies.
PLCM started as Buy at Jefferies.
PNM raised to Hold at Citigroup.
QLGC started as Outperform at BMO Capital Markets.
RACK cut to Sector Perform at RBC.
SMG raised to Overweight at JPMorgan.
UNCA cut to Hold at Jefferies.
VOLV raised to Overweight at HSBC.

Jon C. Ogg
July 10, 2007

Posted on: July 10, 2007 – 6:41 am in Analyst Calls, , , , , , , , , , , , , , , , , ,

Pre-Market Stock News (June 28, 2007)

(AAPL) Apple’s iPhone launches tomorrow.
(ABPI) Accentia Biopharma announced favorable interim blinded data on SinuNase in its fast-tracked pivotal Phase III clinical trial.
(ALVR) Alvarion in pact with Australian government over a WiMAX contract for rural and regional broadband.
(AMSC) American Superconductor won two new Dept of Energy superconductor power grid projects totaling $21.7 million.
(ATML) Atmel $0.06 EPS vs $0.05e.
(BBBY) Bed Bath & Beyond $0.38 EPS vs $0.37e.
(BZH) Beazer Homes fired chief accounting officer.
(CAMD) California Micro lowered guidance.
(CRMT) America’s Car-Mart $0.12 EPS vs $0.10e.
(D) Dominion will initiate a modified Dutch Auction for roughly 55 million shares of its own common stock.
(DRIV) Digital River traded down more than 10% after an earnings warning.
(F) Ford announced zero percent financing incentives for 3-years.
(GIS) General Mills $0.62 EPS vs $0.63e.
(GRB) Gerber Scientific $0.24 EPS vs $0.23e.
(IMA) Inverness Medical announces FDA clearance of the BinaxNOW malaria antigen detection rapid test.
(KBH) KB Homes -$1.93 EPS vs $0.07e; unsure if charges are in numbers.
(NVLS) Novellus guides orders and bookings toward lower-end of prior range.
(PALM) Palm announces earnings after the close.
(PAYX) Paychex $0.36 EPS vs $0.36e.
(PLA) Playboy is opening a Playboy Mansion in Macau in 2009 according to USA Today.
(RAD) Rite-Aid $0.04 EPS vs -$0.01 estimate; unsure if comparable.
(RHT) Red Hat $0.16 EPS & $118.9M revenues (estimates were $0.15/$117.15M).
(RIMM) R-I-M announces earnings after the close.
(STZ) Constellation Brands names Rob Sands CEO effective July 26.
(TASR) Taser formed an alliance with iRobot.
(VOD) Vodafone is in talks to get Apple’s iPhone exclusive in Europe.

Jon C. Ogg
June 28, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: June 28, 2007 – 7:17 am in Pre-Market Activity, , , , , , , , , , , , , , , , , , , , , ,

Digital River Earnings Warning: Not All e-Commerce Made the Same (DRIV)

Today, Digital River (DRIV-NASDAQ) is lowering quarterly revenue guidance to $78 million, down from $85 million it had previously guided.  It also lowered non-GAAP EPS $0.38 to $0.39 EPS versus $0.46 given as prior guidance.  ADDITIONAL ANNUAL LOWERED GUIDANCE: Revenue of approximately $345 million; compared to prior guidance of $380 million and Non-GAAP EPS $1.85 to $1.89, compared to prior guidance of $2.14.
 
Joel Ronning, Digital River’s CEO: "Several factors contributed to what historically has been a seasonally soft quarter for the Company.  Some of the incremental business we were expecting from several key clients continued to unfold slower than anticipated. Two of these delays were related to the transition of Symantec’s global subscription business to Digital River and the anticipated ramp of business from Microsoft.  Despite these delays, we remain very confident in the long-term value of these client relationships and our ability to expand our margins by delivering additional products and services. We remain committed to providing the highest level of service to our clients – the type that fosters and strengthens lasting partnerships."

The company is trying to sugarcoat this with the announcement of an expanded Microsoft pact with the launch of its full suite of marketForce(TM) strategic marketing programs to support the sale of Microsoft’s 2007 Office system products.  It further announced that it has authorized an expanded share repurchase program to buy back up to $200 million in common stock, in a new plan to replace and supercede the $50 million buyback plan already in place.

Jefferies Internet analyst probably wishes it was possible to go back in time to remove that "Raised to Buy from Hold" rating upgrade just last week.  Unfortunately this can happen during many spots in the cycle in a summer.  Shares are indicated down more than 10% in after-hours to under $45.00; the 52-week trading range is $37.70 to $60.99.

Jon C. Ogg
June 27, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: June 27, 2007 – 3:48 pm in Earnings Warning, Internet, , ,