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Top Trending Tickers On StockTwits For March 7

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Top Trending Tickers On StockTwits For March 7

Here's a look at the top tickers trending on StockTwits.com

QIHOO 360: Strong earnings and guidance, home page visits a concern

Last night, QIHOO 360 (NYSE: QIHU) reported its fourth quarter results. The company announced an EPS of $0.70, beating the consensus estimate of $0.43. Revenue of $221.6 million beat the consensus estimate of $209.73 million. Net income rose to $16.6 million from $12.8 million in the same quarter last year.

Daily unique browser home page visitors averaged 119 million, up 28 million year over year but down seven million from the previous quarter. Home page daily clicks averaged 681 million, up 231 million year over year but remained relatively flat from the previous quarter.

Online ad revenue rose 113 percent year over year to $142.2 million, more than a growth rate of 107 percent the company saw in the previous quarter.

Qihoo issued guidance and sees its first quarter revenue to be $226 million to $228 million, above the consensus estimate of $203 million.

Shares were trading higher by 1.52 percent in the pre-market session.

FireEye: Secondary offering

FireEye (NASDAQ: FEYE) has priced a secondary offering of 14 million shares of its common stock at $82 per share. Shares traded as high as $97.35 on March 5.

5.6 million shares are being offered by FireEye and the remaining shares are being offered by shareholders. FireEye is expecting to raise around $460 million. The company has previously hinted that its near term strategy is to focus on growth and not profitability.

Shares were trading lower by 6.48 percent in the pre-market session.

Gogo: Large investor discloses stake

Steven Cohen's SAC Capital Advisors said on Thursday that has assumed a 5.4 percent stake in Gogo. (NADAQ: GOGO) In a regulatory filing, SAC disclosed it owns 4.5 million shares.

Gogo has been providing in-flight Wi-Fi service since 2008 and currently provides Internet access in more than 2,00 commercial aircrafts and 6,500 business aircrafts.

Shares were trading higher by 4.36 percent in the pre-market session.

Safeway: Acquisition offer on the table

Private equity firm Cerberus has reached a preliminary deal to acquire Safeway (NYSE: SWY) at a reported $40 per share price tag, giving the enterprise an implied value of approximately $9 billion. Cerberus is the parent company of supermarket chain Albertsons. Safeway's board of directors unanimously approved the deal.

Albertsons and Cerebrus will pay $32.50 per share in cash, distribute proceeds from the sale of Safeway's real estate assets (estimated at $3.65 per share) and distribute Safeway's 37.8 million share position of Blackhawk Network currently valued at $3.95.

The deal comes with a 21-day go-shop period and has a $400 million termination fee.

Kroger has emerged recently as a potential bidder to acquire the company but it is unclear if Kroger has any intention of pursuing an acquisition.

Shares of Safeway were trading lower by 2.94 percent in the pre-market session.

Foot Locker: Solid earnings

This morning, Foot Locker (NYSE: FL) reported its fourth quarter earnings. The company announced an EPS of $0.82, beating the consensus estimate of $0.76. Revenue of $1.79 billion beat the consensus estimate of $1.76 billion. Net income for the quarter rose to $121 million from 104 million in the same quarter last year aided by comparable-store sales rising 5.3 percent in the quarter and an expansion of its “shop-in-shops” concepts.

Throughout fiscal 2013 the company opened 84 new stores, remodeled or relocated 320 stores and closed 140 stores. With these investments and a solid business model, the company is guiding for a double-digit percentage increase in EPS in 2014.

Shares were trading higher by 5.10 percent in the pre-market session.

Posted-In: Albertsons Blackhawk Network FireEye foot locker Gogo Grocery stores KrogerNews Best of Benzinga

 

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