Apple Inc. Jumps On Analyst Note (AAPL, LEDS, MSFT, NFLX, SIRI)

Apple Inc. Jumps On Analyst Note (AAPL, LEDS, MSFT, NFLX, SIRI)

Apple Inc. (NASDAQ:AAPL) shares gained 0.87% to $619.19 in the morning hour after Greenlight Capital’s David Einhorn said he absolutely remains bullish on Apple shares and that the stock could eventually reach a valuation in excess of $1 trillion. Additionally, analysts at Piper Jaffray Cos expect Apple to sell 4 million to 6 million still-to-be-released smaller iPad tablets in this year’s fourth-quarter holiday season.

SemiLEDs Corporation (NASDAQ:LEDS) stock increased 0.36% to $2.79 in the early hour after the company reported third quarter revenue of $9.2 million, a 64% increase as compared to $5.6 million in the same period a year ago. GAAP net loss was $10.0 million, or a net loss of $0.36 per diluted share, as compared to $5.1 million, or a net loss of $0.19 per diluted share, for the year ago period.

Microsoft Corporation (NASDAQ:MSFT) stock gained 0.63% to $30.18 in the morning hour after the company announced that it has further extended its relationship with the Cincom Systems. The partnership integrates Cincom Acquire with Microsoft Dynamics CRM and includes the integration of the Cincom Guru business rule engine to knowledge-enable the Microsoft Dynamics CRM platform by automating decision-making using business rules.

Netflix, Inc. (NASDAQ:NFLX) shares fell 0.55% to $82.42 in the early hour. On July 6, 2012, a federal judge had granted preliminary approval to Netflix’s $9 million settlement of class-action litigation accusing the company of violating consumer privacy laws. Subscribers accused the company of violating the federal Video Privacy Protection Act of 1988 by keeping records of DVD and Internet videos they watched for at least two years after they canceled service, and also keeping credit card information.

Sirius XM Radio Inc (NASDAQ:SIRI) shares declined 0.72% to $2.06 in the morning hour. The company said it added 622,042 net subscribers in the second quarter of 2012, an increase of 38% from the prior year period. Additionally, the company currently expects net new subscriber growth to approach1.6 million and revenue to approach $3.4 billion in 2012. Adjusted EBITDA guidance of $875 million and free cash flow guidance of $700 million remains unchanged.