Aehr Test Systems won an order from a current silicon photonics customer for four other FOX-NP systems. The financial terms were not disclosed. The systems will support the characterization and product qualification of new photonics-based devices. The FOX-NP systems will likely ship over the next six to seven months. Gayn Erickson, President and CEO of Aehr…
US Current Account Deficit Spikes to Highest Level In 15 Years on Import Surge
The current account deficit, which essentially reflects U.S. expenditure exceeding income, rose sharply in the third quarter to its highest level in 15 years, driven by a reduced surplus in services and a surge in goods imports as businesses rushed to build up inventories in the face of strong demand. The Commerce Department said in…
Read How Analysts View Oracle Post Cerner Deal
Keybanc analyst Michael Turits downgraded Oracle Corp. from Overweight to Sector Weight. Patrick Walravens from JMP Securities maintained a Hold on Oracle. Stifel analyst Brad Reback reiterated a Hold and a price target of $87 on Oracle, implying a 5.1 percent downside. The re-rating follows Oracle’s plans to acquire Cerner Corp. in an all-cash transaction of $95 per share. Reback believes that…
Barclays Upgrades AT&T to Overweight; Sees 26 Percent Upside
Barclays analyst Kannan Venkateshwar upgraded AT&T Inc. from Equal-Weight to Overweight and a $30 price target. The price target implies an upside of 26.2 percent. Venkateshwar cited valuation and Warner deal benefits behind the re-rating. Wireless is AT&T’s most prominent business, contributing about 40 percent of revenue. AT&T is the third-largest U.S. wireless carrier, connecting 66 million postpaid…
Limelight Networks Stock Gains on Raymond James’ Bullish View
Raymond James analyst Frank Louthan upgraded Limelight Networks Inc. from Market Perform to Strong Buy with a price target of $5. The price target implies a 40 percent upside. “We believe the Limelight team has embarked on a solid transition, applying a combination of new sales, new products, and improved operational discipline to the legacy CDN business. Looking…
B. Riley’s Take on Cinemark, Imax, Marcus, National CineMedia, AMC
“Spider-Man: No Way Home,” a film released in the middle of an omicron variant surge with a multitude of at-home viewing platforms in focus, just generated the third-best domestic opening weekend box office of all time, B. Riley analyst Eric Wold noted. “Those who are bearish on the potential for a post-pandemic exhibition industry recovery need to…
If You Invested $1,000 in Taiwan Semiconductor Stock One Year Ago, Here’s How Much You’d Have Now
Investors who have owned stocks in the last year have generally experienced some big gains. In fact, the SPDR S&P 500 ETF Trust total return over the last 12 months is 26.2 percent. But there is no question some big-name stocks performed better than others along the way. Taiwan Semiconductor’s Bumpy Ride One company that…
The Week Ahead in Biotech (Dec. 19–25): Amgen and Aquestive Regulatory Decisions Key Events of Holiday-Shortened Week
Biotech stocks reversed course and advanced solidly in the week ending Dec. 17, as an increase in risk aversion pushed investors to buy into defensive stocks. The sector also drew strength from some positive stock-specific news. Among the regulatory decisions for the week, the Food and Drug Administration gave the green light to argenx SE’s efgartigimod for…
Why Block Shares Are Trading Lower Premarket?
Wedbush analyst Moshe Katri lowered the price target on Block Inc. to $190 from $250 and reiterated Neutral. The new price target implies a 13.7 percent upside. The re-rating follows the Wedbush-hosted advisor call. Katri cited continued indications of choppy consumer spending, renewed pandemic-driven B&M shutdowns/travel slowdown, and likely reduced spending on non-discretionary items given inflationary pricing pressure on…
Global M&A Activity Smashes All-Time Records to Top $5 Trillion in 2021
LONDON/HONG KONG—Global merger and acquisition (M&A) activity shattered all-time records in 2021, comfortably erasing the high-water mark that was set nearly 15 years ago, as an abundance of capital and sky-high valuations fuelled frenetic levels of dealmaking. The value of M&A globally topped $5 trillion for the first time ever, with volumes rising 63 percent…
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