Wednesday, August 29, 2012

Aug. 29, 2012, 5:09 p.m. EDT

Stocks to watch Thursday: TiVo, Pandora, Ciena

Portfolio Relevance
By David B. Wilkerson, MarketWatch
CHICAGO (MarketWatch) — TiVo Inc., Pandora Media Inc. and Ciena Corp. are among the stocks that could see active trading on Thursday.
After the market closed on Wednesday, TiVo Inc. TIVO -1.89%  shares were up as much as 9.5% in after-hours trading. The digital video-recording technology provider reported a smaller second-quarter loss than analysts had expected and issued a revenue outlook whose upper range is about $2 million ahead of the current consensus forecast.

Pandora Media P -0.98%   shares were up more than 10% in evening trading after the company reported a break-even second quarter on a per-share basis, excluding items, surpassing most analyst estimates. The online radio firm also issued a better-than-expected third-quarter revenue forecast.
On Thursday morning, several leading retailers are slated to report same-store sales for August, including Target Corp. TGT +0.71%  , Macy’s Inc. M +0.12%  , Gap Inc. GPS +0.17%  , Costco Wholesale Corp. COST +0.56%   and Kohl’s Corp. KSS -0.10%  .
Ciena Corp. CIEN -1.99%  is seen losing 2 cents a share in its fiscal third quarter, on revenue of $473.9 million, according to a poll of analysts taken by FactSet. 
David B. Wilkerson is a reporter for MarketWatch in Chicago.

No comments:

Post a Comment