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No Starlink Spin-Off Or IPO In The Works, Says Musk
Tuesday, March 10, 2020 - 9:46am | 259Read More...SpaceX has no plans to spin off Starlink or to hold an initial public offering anytime soon. What Happened SpaceX Exploration Technologies Corp.’s Starlink project involves the launch of 12,000 satellites into low Earth orbit with the aim of providing global internet coverage. Elon...
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Andreessen Horowitz Invests In Blockchain-Based Online Data Startup
Wednesday, November 6, 2019 - 3:44am | 483Read More...Blockchain startup Arweave raised $5 million over the last six months by selling its native cryptocurrency to various venture funds, the company said in a statement Tuesday. What Happened The investments are led by California-based Andreessen Horowitz. Other buyers include Texas-based...
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SpaceX Plans To Land Starship On The Moon By 2022
Monday, October 28, 2019 - 4:10am | 408Read More...Rocket and spacecraft manufacturer SpaceX plans to land Starship on the moon within three years, President and COO Gwynne Shotwell said at an investor conference on Friday, according to CNBC. What Happened "We want Starship in orbit next year; we want to land it on the moon before 2022 with...
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Faster Internet = Bigger Paycheck?
Friday, October 25, 2019 - 1:03pm | 827Read More...A lack of home internet access may contribute to lower household income, according to data from the U.S. Census Bureau. A study authored by the Census Bureau's American Community Survey team was conducted to help identify reasons why internet access impacts income levels in U.S....
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Cambium Networks IPO: What You Need To Know
Tuesday, June 25, 2019 - 8:28am | 414Read More...The wide adoption of the internet has spawned many companies that have potential to turn in staggering growth. A communications products company with an addressable market opportunity of over $22 billion is set to debut this week. The IPO Terms Cambium Networks (NASDAQ: CMBM) proposes to offer...
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Apollo Global Acquires Shutterfly: 2 Analyst Takes
Tuesday, June 11, 2019 - 9:25am | 473Read More...Shutterfly, Inc. (NASDAQ: SFLY) confirmed Monday it reached an agreement to sell itself to an affiliate of Apollo Global Management for $51 per share in cash. The deal represents a premium of 31 percent from Shutterfly's April 23 closing price — the last trading day before media...
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2 Analysts Turn Incrementally Bullish On IAC InterActive
Friday, May 10, 2019 - 3:24pm | 497Read More...IAC/InterActiveCorp (NASDAQ: IAC) reported Thursday first-quarter results that were mostly in-line with expectations and prompted at least two analysts to turn incrementally bullish on the stock. Bank of America's Nat Schindler maintains a Buy rating on IAC InterActive with a price target...
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KeyBanc Finds Multiple Reasons To Turn Bullish On Akamai Technologies
Wednesday, January 9, 2019 - 12:14pm | 395Read More...KeyBanc downgraded Akamai Technologies, Inc. (NASDAQ: AKAM) from a bullish stance in 2016, but the research firm sees multiple reasons for investors to become constructive on the stock again. The Analyst KeyBanc Capital Markets' Brandon Nispel upgraded Akamai Technologies from Sector Weight to...
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Should Investors Buy The Dip In Dropbox? 4 Analysts Weigh In
Friday, August 10, 2018 - 3:48pm | 718Read More...Dropbox Inc (NASDAQ: DBX) shares moved lower in reaction to second-quarter results that came in better-than-expected but were accompanied by an announcement of Chief Operating Officer Dennis Woodside's departure. Should investors take advantage of the dip? Four street...
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Investors Are Heavily Discounting Google, Facebook's Growth Prospects, Says KeyBanc
Monday, February 26, 2018 - 4:38pm | 610Read More...Facebook Inc (NASDAQ: FB) and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) are each higher by more than 35 percent over the past year, which begs the question: what level of growth is already priced into the stock today? The Analyst KeyBanc Capital Markets' Andy Hargreaves maintains an...
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3 Factors Driving RBC's Redfin Upgrade
Monday, February 5, 2018 - 12:17pm | 401Read More...Shares of Redfin Corp (NASDAQ: RDFN) have lost more than 30 percent since the turn of the year, which has an RBC Capital Markets analyst urging investors to take advantage of the correction. The Analyst RBC Capital Markets' Mark Mahaney upgraded Redfin's stock rating from Sector Perform...
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Citi Raises Targets Amazon, Facebook, Priceline, eBay
Friday, January 5, 2018 - 12:08pm | 501Read More...The internet sector was a major winner throughout 2017 and some Wall Street analysts are expecting more of the same in 2018. The Analyst Citi's Mark May maintained a Buy rating on the following stocks, with price targets revised higher: Amazon.com, Inc. (NASDAQ: AMZN): price target...
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Cramer: Netflix Proves It Belongs In The 'FANG' Group
Tuesday, July 18, 2017 - 11:49am | 410Read More...Jim Cramer coined the term "FANG" to describe not only four of the hottest tech and internet stocks, but companies that have revolutionized the way we use the internet. Cramer explained during Tuesday's "Squawk on the Street" segment that Facebook Inc (NASDAQ: FB) made it...
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Don't Buy This Tech Dip, Notable Internet Analyst Says
Monday, June 12, 2017 - 2:09pm | 502Read More...Internet stocks suffered a notable pull-back Friday, but an Apple Inc. (NASDAQ: AAPL) downgrade Monday morning merely added to the bearish sentiment. As such, the question fresh on many investors mind: Is now a time to be buyers of internet stocks or sellers? RBC Capital Markets' Mark Mahaney, one...
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What The Halting Of Data Security Rules Means For Broadband Companies
Sunday, March 5, 2017 - 9:13pm | 702Read More...Broadband providers can now heave a sigh of relief that the FCC has heeded to their plea to halt data security rules adopted by the agency last year. These ruled were supposed to have taken effect March 2. The FCC last Wednesday granted a stay petition in part to the 2016 Privacy Order adopted by...
