Goldman Sachs maintained a Buy rating on Weibo Corp (NASDAQ:WB) with a price target of $24. Comments follow Q1 results. Analyst Piyush Mubayi noted impressive traffic. “Weibo delivered impressive improvement of user engagement in the eventful 1Q. Monthly active users (MAU) grew 34% yoy to 143.8mn, with 70% on mobile. Daily active users (DAU) grew 37% to 66.6mn. Total number of feeds exceeded 3.1bn by March from 2.8bn last Dec, indicating active engagement of users and content partners. The positive traffic trend was also attributable to Weibo’s adjustment to its product strategy, particularly regarding content creation, where the platform emphasized the “discovery” function that connects audience with professional publishers, and enabled users to post long-form content,” said Mubayi. Weibo Corp (ADR) (NASDAQ:WB) stock opened today at $18.74 and is currently trading at $18.26. The stock showed a positive weekly performance of 3.58%.
Logitech International SA (USA) (NASDAQ:LOGI) dropped as much as 6.1% after the Swiss maker of computer mice said the US Securities and Exchange Commission (SEC) is investigating its financial statements. Logitech International SA (USA) (NASDAQ:LOGI) stock opened at $12.13, in current trading session and currently is at $12.24, by losing -4.52%. The 52 week range of $6.38 – $16.88. Company’s market capitalization is 1.98 billion.
Sina Corp (NASDAQ:SINA) stock is dropping Thursday after the China-based social network reported first-quarter net income below analysts’ estimates. SINA Corp (NASDAQ:SINA) stock is currently trading at $44.82. The EPS of the stock is 0.64. Company’s market capitalization is 2.96 billion.
Sodastream International (NASDAQ:SODA) was downgraded by equities researchers at Barclays to an “underweight” rating in a research report issued on Thursday. Sodastream International Ltd (NASDAQ:SODA) stock opened the session at $38.32, and now is at $37.79. The 52 week range of the Sodastream International Ltd (NASDAQ:SODA) stock remained $35.27 – $77.80 and the day range was $37.20 – $38.51.
Bon-Ton Stores (NASDAQ:BONT) issued its quarterly earnings data on Thursday. The company reported ($1.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.23) by $0.40, Analyst Ratings Network reports. The company had revenue of $622.50 million for the quarter, compared to the consensus estimate of $642.16 million. During the same quarter in the previous year, the company posted ($1.41) earnings per share. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. Bon-Ton Stores updated its FY15 guidance to $0.40-0.70 EPS.The Bon-Ton Stores, Inc. (NASDAQ:BONT) stock opened today at $10.20 and is currently trading at $10.91. The stock showed a positive weekly performance of 3.60%.
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