Invest-in-America
2 months ago
Sometimes, when really BORED, I ask Bing's new Quantum-AI-Copilot-Search-Engine stupid QUESTIONS!!! (Like my one below. And, when there is absolutely NO NEWS, etc., about a suddenly SOARING stock, Bing's new "Copilot" is pretty damn good at coming-up with SOME kind of legitimate information.)
https://copilot.microsoft.com/?FORM=hpcodx&showconv=1
mlkrborn
13 years ago
Analysts Hammer STEC Following Weak Guidance
indieresearch
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STEC 10.24 -6.47
tickerspy.com Staff, On Friday July 29, 2011, 12:03 pm
Shares of data storage provider STEC Inc. (NASDAQ: STEC - News) are plunging 38% after the company reported second-quarter profit and revenue results that missed its own previous estimates and Wall Street estimates while issuing third-quarter guidance that also falls short of analysts' expectations. STEC forecast a third-quarter profit of 8-10 cents a share on revenue of $70-$72 million, well below the 31 cents on revenue of $96 million analysts were forecasting.
The news isn't sitting well with investors as the Data Storage Stocks Index is plunging 4.2%. Stifel Nicolaus said STEC's guidance is not a meaningful indicator of what rival OCZ Technology Group (NASDAQ: OCZ - News) may have to say when it reports. That stock is down 3% today.
Needham & Co. said the two primary culprits behind STEC's weak results and guidance were lost market share and lower SAS SSD volume. The Benchmark Co. downgraded STEC to "hold" from "buy" and said it is moving to the sidelines on the stock. JPMorgan pared its rating on the stock to "underweight" from "neutral" and slashed its price target to $13 from $23. ThinkEquity downgraded STEC to "hold" from "buy." The research firm says it still believes in the SSD secular trend, but that it may be the second quarter of 2012 before this proves to be a catalyst for STEC.
Bart Myers
14 years ago
Sterne Agee is out with its report today on STEC (NASDAQ: STEC), initiating STEC at Neutral.
In a note to clients, Sterne Agee writes, "We believe STEC could be an attractive stock once consensus GMs are reset, given the growth in the overall market. There are also bull views that M&A could offer an exit for STEC, which is a potential outcome. However, the options are becoming limited with SanDisk buying Pliant, Samsung now working at EMC, Western Digital acquiring Hitachi's disk business and Micron making progress in the enterprise space. STEC currently trades at 11x CY12 Adj PE."
Source: http://www.benzinga.com/analyst-ratings/analyst-color/11/06/1187287/update-sterne-agee-initiates-stec-at-neutral#ixzz1Pv6e5VNi
Magnusson
14 years ago
NEWS:
Fun to trade STEC, easy on the Charts.....
STEC to Present at the Stifel Nicolaus Technology, Communications & Internet Conference2 minutes ago - PMZ via Comtex
GlobeNewswireSTEC, Inc. (Nasdaq:STEC) announced today that its management team will present at the Stifel Nicolaus Technology, Communications & Internet Conference. The presentation will be held at 9:45 a.m. Pacific Time on Wednesday, February 9, 2011. The Conference is being held at the Fairmont Hotel in San Francisco, California.
About STEC, Inc. (STEC)
STEC, Inc. is a leading global provider of solid-state drive technologies and solutions tailored to meet the high-performance, high-reliability needs of original equipment manufacturers (OEMs). With headquarters in Santa Ana, California and locations worldwide, STEC leverages almost two decades of solid-state drive knowledge and experience to deliver the industry's most comprehensive line of solid-state drives to the storage industry.
For further information about STEC, please contact the Company's Investor Relations department at (949) 260-8328 (ir@stec-inc.com). To subscribe to the Company's "Email Alerts" service, please visit the Company's website at www.stec-inc.com, and then click on the red "Investors" tab at the top of the home page, and finally "Email Alerts."
The STEC, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1079
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: STEC, Inc.
CONTACT: STEC, Inc. Mitch Gellman, Vice President of Investor Relations (949) 260-8328
---------------------------------------------------------------------------------------------------------------------------Best Relative Performance in the Computer Storage & Peripherals Industry Detected in Shares of Lexmark International (LXK, STEC, NVTL, NTAP, HYC) 13 hours 23 minutes ago - PSM via Comtex
Comtex SmarTrend(R)Below are the top five companies in the Computer Storage & Peripherals industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform. Lexmark International (NYSE:LXK) ranks first with a gain of 13.23%; STEC (NASDAQ:STEC) ranks second with a gain of 4.15%; and Novatel Wireless (NASDAQ:NVTL) ranks third with a gain of 3.61%. NetApp (NASDAQ:NTAP) follows with a gain of 3.27% and Hypercom (NYSE:HYC) rounds out the top five with a gain of 3.02%. SmarTrend currently has shares of Hypercom in an Uptrend and issued the Uptrend alert on September 09, 2010 at $3.60. The stock has risen 156.2% since the Uptrend alert was issued. Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------------------------------------STEC: The Trend Continues Up (STEC) 1 days 6 hours 55 minutes ago - PSM via Comtex
Comtex SmarTrend(R)SmarTrend identified an Uptrend for STEC (NASDAQ:STEC) on December 07, 2010 at $17.48. In approximately 2 months, STEC has returned 21.4% as of today's recent price of $21.23. In the past 52 weeks, shares of STEC have traded between a low of $9.47 and a high of $22.79 and are now at $21.23, which is 124% above that low price. STEC is currently above its 50-day moving average of $18.42 and above its 200-day moving average of $14.83. Look for these moving averages to climb to confirm the company's upward momentum. In the last five trading sessions, the 50-day MA has climbed 1.79% while the 200-day MA has risen 0.8%. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of STEC shares. Write to Chip Brian at cbrian@tradethetrend.com
realfast95
15 years ago
January 8, 2010, 11:55 AM ET How My Top Stocks for 2010 Are Doing So Far
By James Altucher
Weโre only a little way into 2010 but I already have an update on stocks I wrote about in this November article.
STEC (STEC) is roughly 50% higher. Some readers complained when the article was published that perhaps STEC stock would need to โfill the gapโ down to $10.50 before it could begin to move up. The stock was at $12.30 at the time and it ended up falling as low as $11.50 before starting to move up.
While I respect the discipline that technical analysis traders exhibit, it often doesnโt work when staring in the face of real fundamentals. STEC is the leader in its space, is going to have $2 a share in earnings (giving it 5 P/E if it were to fall into the $10s) and the fears of the glut at its largest customer, EMC, have been overblown.
The stock has since gone from a low of $11.50 to more than $19 and Deutsche Bank just put out a report with a โstrong buyโ and a $36 price target. Its own channel checks on EMC suggest that the glut of inventory isnโt as big as expected and that STEC will surprise over the next quarter. So despite having significant gains Iโm holding onto my shares and waiting until at least the mid $20s before taking a look at the lay of the land and deciding what to do.
Although this is a โtop pick for 2010,โ I always check my assumptions along the way and make decisions accordingly. Iโll watch whatโs happening and do a gut check. But Iโm a believer here.
WellCare Health Plans (WCG) has gone from a quick $33 to about $37 since the article was written. It had gone as high as $39 and looked like it was going to push through $40 when Oppenheimer downgraded it based on valuation and put a price target of $36 on it. Iโm a believer in this stock for the duration of 2010 based on the uncertainty going away surrounding health care. I do think, however, that some profits should be taken here while the dust subsides and the market complete its little pullback after such a strong run. I think long-term this is a $50 stock but I always like to be cautious.
Assured Guaranty (AGO) is basically flat from when the article was written and remains my favorite pick for the year. Iโve read various analyst reports over the past few weeks from hedge funds that have done a forensic analysis of the various securities AGO has on its books and are comfortable with $5 to $6 in earnings over 2010, putting AGO at a P/E ratio of 4 to 5 times. Iโm a holder until at least the mid-$30s before I look around.
Incidentally, in terms of another update: On Dec. 22 I wrote about stocks that could soar the last week of the year. The premise was that stocks near 52-week highs with large short interest would go up because short-sellers would have to cover and take their loss for tax reasons. A tax-inspired short squeeze.
This ended up happening. The market was flat from Dec. 22 to Jan. 1 but the stocks of lululemon (LULU), Scholastic (SCHL), and Blue Nile (NILE) were all up, and as a group were up about 3.2%. Theyโve continued to go up in the past few days. I recommend taking all profits if you havenโt already.
James Altucher is a managing partner of Formula Capital, an alternative asset management firm, and an author on investment strategies. Unlike Dow Jones reporters, he may have positions in the stocks he writes about.
http://blogs.wsj.com/financial-adviser/2010/01/08/how-my-top-stocks-for-2010-are-doing-so-far/