With Roku’s 50 percent surge in its market debut, investors are valuing the company more like an internet software and services provider than a maker of a consumer device. Roku’s $2 billion stock market value, following its opening-day pop, gives the company a price-to-sales ratio of 5.2, according to FactSet. That’s a big premium over […]
Read moreApplied Materials is going to ride the wave of growth from almost every major technology trend in the coming years, according to a top Wall Street firm. JPMorgan reiterated its overweight rating for the semiconductor capital equipment maker, predicting Applied Materials will report earnings above Wall Street expectations next year. The company’s shares are up […]
Read moreIt’s almost 11 p.m. in Man Group‘s offices in London. The humans have all gone home. But the computers are just waking up. Man runs about $43 billion in assets through quantitative trading. Algorithms do most of the work, with people writing the code to build them and monitor for any anomalies after the fact. […]
Read moreAmazon‘s first NFL live-stream will take place Thursday night at 8:25 PM ET/5:25 PM PT. The Green Bay Packers are hosting the Chicago Bears in an NFC North match-up. The game is the first of the 10 NFL matches Amazon will be streaming this year as part of a $50 million deal. But Amazon’s NFL […]
Read more
BlackBerry shares soared Thursday after the company posted a stronger-than-expected profit of 5 cents per share. Shares of Blackberry were up more than 14 percent, trading at $10.65 a share. The stock is up more than 50 percent this year. Before the opening bell, the Canadian-based company reported fiscal second-quarter earnings of 5 cents per […]
Read moreGoPro announced two new cameras Thursday, the Hero 6 and the Fusion. The Hero 6 camera features 4K footage at 60 frames per second, internal stabilizing technology, and a new, custom-designed processor powering the device, said CEO Nick Woodman at an event to show off the new devices. The Fusion has cameras mounted on the […]
Read moreHome prices are rising in most major cities around the world, but in some they are rising too far, too fast. When prices reach the so-called bubble territory, that is, overvalued in relation to fundamentals like income and employment, they are at a far greater risk of correction. While it is hard to pinpoint exactly […]
Read moreNASA’s goal to reach Mars is just over a decade away, and Lockheed Martin revealed Thursday how humans might soon walk upon the red planet’s surface. Lockheed Martin gave CNBC a first look at its new spacecraft prototype, which the company will unveil Thursday at this year’s International Astronautical Congress in Adelaide, Australia. “This is […]
Read moreSwedish home goods giant Ikea has bought TaskRabbit, according to sources close to the situation. The price of the deal could not be determined, but the contract labor marketplace company has raised about $50 million since it was founded nine years ago. Sources added that TaskRabbit will become an independent subsidiary within Ikea and CEO […]
Read moreAbbott Laboratories stock jumped after the Food and Drug Administration approved the company’s FreeStyle Libre glucose monitoring system, more than a year earlier than Wall Street anticipated. While Abbott shares jumped 4 percent Wednesday after the surprise FDA call, competitor DexCom saw its shares crater by more than 36 percent. Cowen analysts noted approval wasn’t […]
Read more