Xoma Could Initiate Pivotal Behcet’s Trial by Year-End 2011: Analyst
RBC Capital Markets said Xoma Ltd. (NASDAQ: XOMA) continues to make steady albeit measured progress toward initiating a pivotal trial in Behcet’s disease, which could begin by year-end 2011, pending regulatory feedback.
Pre-Market NASDAQ Movers (CKXE, CVVT, SYMX, CNIT, FOSL, NSPH, BMTI, HEAT, MNKD, USAT)
The top pre-market NASDAQ Stock Market gainers are: CKX, China Valves Technology, Synthesis Energy Systems, China Information Technology, and Fossil. The top pre-market NASDAQ Stock Market losers are: Nanosphere, BioMimetic Therapeutics, SmartHeat, MannKind, and USA Technologies.
April NPD Preview -- Expect Rebound in Software Sales Growth: Analyst
Wedbush Securities expects April U.S. retail video game console software sales data to be released by the NPD Group after the market close on May 12. The brokerage said April may be an anomalous month for software sales, with a rebound likely due to an outstanding lineup of blockbuster title.
Kindle to Generate $5.42 bln Revenue in 2011 for Amazon: Analyst
Caris & Co. said Kindle is a multi-billion dollar opportunity for Amazon.com Inc. (NASDAQ: AMZN). The brokerage said Kindle remains the most compelling eBook device and a material contributor to Amazon's non-core business growth.
Post-Market NASDAQ Movers (CRAY, YONG, VITA, IDTI, SCEI, NSPH, MNKD, WIBC, SQNM, ASEI)
The top after-market NASDAQ Stock Market gainers are: Cray, Yongye International, Orthovita, Integrated Device Technology, and Sino Clean Energy. The top after-market NASDAQ Stock Market losers are: Nanosphere, MannKind, Wilshire Bancorp, Sequenom, and American Science & Engineering.
Volatility Ahead for Visa and MasterCard
FBR Capital Markets said Visa Inc. (NYSE: V) and MasterCard Inc. (NYSE: MA) have been volatile for over a year due to the Durbin Debit Interchange Amendment. The brokerage said it is worth watching in the next few months in the wake of final regulations expected from the Federal Reserve.
Pre-Market NASDAQ Movers (ONTY, AFFX, USAT, BSFT, MNKD, ZRAN, GTXI, AUXL, ARMH, LIOX)
The top pre-market NASDAQ Stock Market gainers are: Oncothyreon, Affymetrix, USA Technologies, BroadSoft, and MannKind. The top pre-market NASDAQ Stock Market losers are: Zoran Corp., GTX, Auxilium Pharmaceuticals, ARM Holdings, and Lionbridge Technologies.
Week Ahead in Life Sciences
Wedbush Securities said that among the companies it covered in Life Sciences this week Chelsea Therapeutics International Ltd. (NASDAQ: CHTP) and Pacira Pharmaceuticals Inc. (NASDAQ: PCRX) are reporting earnings.
Cash Runway Expected for Xoma Through Start of Phase 3 Behcet's Uveitis Study: Analyst
Wedbush Securities expects cash runway for XOMA Ltd. (NASDAQ: XOMA) through start of phase 3 Behcet’s Uveitis study by year-end 2011. The brokerage maintained its outperform rating on shares of Xoma with a fair value estimate of $16.
CSR Reiterated at 'Hold' Ahead of Q1: Jefferies
Jefferies & Co. reiterated its hold rating on shares of CSR Plc (London: CSR) with a price target of 360 pence per share, ahead of the company's first quarter results on April 10.
Synta Pharma Phase 2 Data to Help Assess Potential For Ganetespib: Analyst
RBC Capital Markets expects that Synta Pharmaceuticals Corp.'s (NASDAQ: SNTA) upcoming phase 2 data for ganetespib or STA-9090 in combination with docetaxel in non-small cell lung cancer could help investors more accurately assess the potential for ganetespid.
Pre-Market NASDAQ Movers (MOBI, LLNW, RBCN, PWER, AVNR, OMPI, USAT, TITN, PCLN, VOD)
The top pre-market NASDAQ Stock Market gainers are: Sky-mobi, Limelight Networks, Rubicon Technology, Power-One, and Avanir Pharmaceuticals. The top pre-market NASDAQ Stock Market losers are: Obagi Medical Products, USA Technologies, Titan Machinery, priceline.com, and Vodafone Group.
Demand Media Upgraded at Jefferies
Jefferies & Co. upgraded its rating on shares of Demand Media Inc (NYSE: DMD) to buy from hold based on strong first quarter results, with a price target of $22.
Post-Market NASDAQ Losers (GSIT, IGOI, TTMI, EMKR, PWAV, CELL, MDRX, TESO, VTSS, KNOT)
The top after-market NASDAQ Stock Market losers are: GSI Technology, iGo, TTM Technologies, EMCORE, Powerwave Technologies, Brightpoint, Allscripts Healthcare Solutions, Tesco, Vitesse Semiconductor, and The Knot.
Post-Market NASDAQ Gainers (IMMR, SAPE, NVTL, VITA, MCHX, LLNW, RBCN, MERC, HANS, XOMA)
The top after-market NASDAQ Stock Market gainers are: Immersion, Sapient, Novatel Wireless, Orthovita, Marchex, Limelight Networks, Rubicon Technology, Mercer International, Hansen Natural, and XOMA.
Embraer To Retain Regional Jet Crown: Analyst
RBC Capital Markets still expects that Embraer SA (NYSE: ERJ) will retains its Regional Jet crown as the market share leader in the medium term, despite several new rivals entering the market most notably Bombardier’s CSeries.
Pre-Market NASDAQ Movers (KNDL, ZSTN, HNSN, JDSU, CBEY, ONNN, SMSI, SWIR, ATML, AIXG, MELI, ARMH)
The top pre-market NASDAQ Stock Market gainers are: Kendle International, ZST Digital Networks, Hansen Medical, JDS Uniphase, Cbeyond, and ON Semiconductor. The top pre-market NASDAQ Stock Market losers are: Smith Micro Software, Sierra Wireless, Atmel, Aixtron, Mercadolibre, and ARM Holdings.
AsiaInfo-Linkage Initiated at 'Buy': Jefferies
Jefferies & Co. initiated coverage of AsiaInfo-Linkage, Inc. (NASDAQ: ASIA) with a buy rating and a price target of $27, implying 41 percent upside.
Post-Market NASDAQ Losers (SMSI, FARO, DRWI, ATML, KLIC, ISTA, ELNK, WIN, NWS, SWIR)
The top after-market NASDAQ Stock Market losers are: Smith Micro Software, FARO Technologies, DragonWave, Atmel, Kulicke & Soffa Industries, ISTA Pharmaceuticals, EarthLink, Windstream, News Corp., and Sierra Wireless.
Post-Market NASDAQ Gainers (QNST, JDSU, NUVA, SONE, WFMI, HNSN, FNSR, SPRD, TISI, CPHD)
The top after-market NASDAQ Stock Market gainers are: QuinStreet, JDS Uniphase, NuVasive, S1 Corp., Whole Foods Market, Hansen Medical, Finisar, Spreadtrum Communications, Team, and Cepheid.
Vertex Pharma Hepatitis C Drug Incivek Likely to be Approved by May 23: Analyst
RBC Capital Markets expects Vertex Pharmaceuticals Inc.'s (NASDAQ: VRTX) Incivek (telaprevir) to treat hepatitis C is likely to be approved on or around May 23.
Pre-Market NASDAQ Movers (VSEA, GMCR, ACLS, VCLK, AXTI, SGI, KTCC, MOTR, KNDI, FSLR, CENX, ZLCS)
The top pre-market NASDAQ Stock Market gainers are: Varian Semiconductor Equipment Associates, Green Mountain Coffee Roasters, Axcelis Technologies, ValueClick, AXT, and Silicon Graphics International. The top pre-market NASDAQ Stock Market losers are: Key Tronic, Motricity, Kandi Technologies, First Solar, Century Aluminum, and Zalicus.
ValueClick Upgraded at Jefferies
Jefferies & Co. upgraded its rating on shares of ValueClick Inc. (NASDAQ: VCLK) to buy from hold and increased its price target to $20 from $17, based on improving fundamentals and lower risk profile.
Post-Market NASDAQ Losers (BTUI, QSFT, KTCC, QUIK, WWWW, OPLK, FSLR, OPEN, MOTR, CENX)
The top after-market NASDAQ Stock Market losers are: BTU International, Quest Software, Key Tronic, QuickLogic, Web.com Group, Oplink Communications, First Solar, OpenTable, Motricity, and Century Aluminum.
Post-Market NASDAQ Gainers (GMCR, GLUU, FEIC, AXTI, SGI, MYGN, PLNR, TSTC, CAR, SCEI)
The top after-market NASDAQ Stock Market gainers are: Green Mountain Coffee Roasters, Glu Mobile, FEI, AXT, Silicon Graphics International, Myriad Genetics, Planar Systems, Telestone Technologies, Avis Budget Group, and Sino Clean Energy.
Post-Market NASDAQ Movers (MBLX, CGNX, AEIS, XRAY, VVUS, PRXL, BANR, SWSH, CELL, TXRH)
The top after-market NASDAQ Stock Market gainers are: Metabolix, Cognex, Advanced Energy Industries, DENTSPLY International, and VIVUS. The top after-market NASDAQ Stock Market losers are: Parexel International, Banner Corp., Swisher Hygiene, Brightpoint, and Texas Roadhouse.
Autodesk Profit Estimates, Price Target Raised by Jefferies
Jefferies & Co. raised its price target on shares of Autodesk, Inc. (NASDAQ: ADSK) to $47 from $42, while maintaining its hold rating. The brokerage raised its fiscal 2012 EPS estimate for Autodesk to $1.73 on revenue of $2.21 billion from $1.62 on revenue of $2.156 billion, and its 2013 estimate to $2.08 on revenue of $2.474 billion from $1.93 on revenue of $2.381 billion.
RIM PlayBook sales to be highlight of Capital Markets Day, but has more to offer: Analyst
Barclays Capital expects Research In Motion Ltd. (NASDAQ: RIMM) to announce both new product -- OS6 and possibly QNX -- and software / application at RIM’s Capital Markets Day on May 2 in Orlando. In addition, the PlayBook sales should be the highlight of the analyst day.
CoStar Group Shares Hit New Life-Time High; LoopNet Stock Hits New Yearly High
Shares of CoStar Group Inc. (NASDAQ: CSGP) touched a new life-time high of $66.09 on Thursday, while LoopNet Inc. (NASDAQ: LOOP) touched a new 52-week high of $18.55.
Vital Images Shares Hit New Yearly High on Toshiba Medical Systems Merger
Shares of Vital Images Inc. (NASDAQ: VTAL) jumped a new 52-week high of $18.71 on Thursday. The company said Wednesday it agreed to be acquired by a subsidiary of Toshiba Medical Systems Corp. for $18.75 per share, or about $273 million, through a cash tender offer followed by a merger.
