Shares of Baidu (NASDAQ:BIDU) tumbled 10% on May 18, after the company announced the upcoming departure of COO Qi Lu in July. Prior to joining Baidu in early 2017, Lu served as Microsoft's executive VP of its Applications and Services Group. As one of the industry's leading AI experts, Lu played a key role in Baidu's transition from an online search company to a cloud and AI services provider.
When Lu initially joined Baidu, CEO Robin Li stated: "With Dr. Lu on board, we are confident that our strategy will be executed smoothly and Baidu will become a world-class technology company and global leader in AI." Lu stated that he was "excited to help realize Baidu's visionary AI strategy."
Image source: Getty Images.
Lu will remain vice chairman of Baidu's board but stated that he was "no longer able to work in China on a full-time basis" for "personal and family reasons." His departure will likely hurt Baidu, which is battling Tencent (NASDAQOTH:TCEHY) and Alibaba (NYSE:BABA) in the cloud and AI markets.
Best Tech Stocks To Own Right Now: China Digital TV Holding Co., Ltd.(STV)
Advisors' Opinion:- [By Stephan Byrd]
Sativacoin (CURRENCY:STV) traded 2.1% higher against the US dollar during the 1-day period ending at 22:00 PM E.T. on May 9th. Over the last week, Sativacoin has traded up 0.1% against the US dollar. One Sativacoin coin can now be purchased for $0.0318 or 0.00000341 BTC on popular exchanges including Cryptopia and YoBit. Sativacoin has a market capitalization of $225,415.00 and $19.00 worth of Sativacoin was traded on exchanges in the last 24 hours.
Best Tech Stocks To Own Right Now: Textainer Group Holdings Limited(TGH)
Advisors' Opinion:- [By Matthew DiLallo]
Last year was one that investors in Textainer Group Holdings (NYSE:TGH) will likely remember fondly as the container leasing company's stock rocketed an eye-popping 188%. This year, however, has been a different story as shares are down nearly 30% since the beginning of the year, and more than 40% off their high. That sell-off might have investors wondering if now's a good time to buy.
- [By Reuben Gregg Brewer]
Although Textainer Group Holdings Limited (NYSE:TGH) and Teekay Corporation (NYSE:TK) are both focused on the shipping industry, they go about it in vastly different ways. Both companies were hit hard by industry downturns, but Textainer started to see a notable improvement in its container business in 2017. Teekay's collection of ship-owning businesses in the energy sector, on the other hand, continued to struggle overall -- but signs seem to point to an upturn this year. Which one is the better buy today?
- [By Stephan Byrd]
Textainer Group (NYSE: TGH) is one of 17 public companies in the “Equipment rental & leasing, not elsewhere classified” industry, but how does it compare to its competitors? We will compare Textainer Group to related businesses based on the strength of its dividends, analyst recommendations, earnings, institutional ownership, profitability, risk and valuation.
Best Tech Stocks To Own Right Now: Extreme Networks Inc.(EXTR)
Advisors' Opinion:- [By Anders Bylund]
Shares of Extreme Networks (NASDAQ:EXTR) fell 19.5% in May 2018, according to data from S&P Global Market Intelligence. The maker of data center networking equipment delivered a weak third-quarter report and modest guidance on May 8. The stock crashed hard and hasn't recovered yet.
- [By Lisa Levin]
Some of the stocks that may grab investor focus today are:
Wall Street expects Booking Holdings Inc. (NASDAQ: BKNG) to post quarterly earnings at $10.67 per share on revenue of $2.87 billion after the closing bell. Booking Holdings shares gained 0.99 percent to $2,183.00 in after-hours trading. Tripadvisor Inc (NASDAQ: TRIP) reported stronger-than-expected results for its first quarter on Tuesday. Tripadvisor shares climbed 20.55 percent to $46.75 in the after-hours trading session. Analysts are expecting Anheuser-Busch InBev SA/NV (NYSE: BUD) to have earned $0.89 per share on revenue of $13.06 billion in the latest quarter. Anheuser-Busch will release earnings before the markets open. Anheuser-Busch shares gained 0.77 percent to $99.00 in after-hours trading. Extreme Networks, Inc (NASDAQ: EXTR) reported downbeat earnings for its third quarter and issued weak Q4 guidance. Extreme Networks shares fell 28.51 percent to $8.40 in the after-hours trading session. Before the opening bell, Ameren Corporation (NYSE: AEE) is projected to report quarterly earnings at $0.57 per share on revenue of $1.55 billion. Ameren shares dropped 2.78 percent to close at $56.91 on Tuesday.Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.
- [By Anders Bylund]
Shares of network equipment maker Extreme Networks (NASDAQ:EXTR) are having a rough Wednesday. The stock opened 26.8% lower today, following last night's release of disappointing third-quarter results.
- [By Joseph Griffin]
Shares of Extreme Networks, Inc (NASDAQ:EXTR) have received an average recommendation of “Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $15.50.
- [By Paul Ausick]
Extreme Networks Inc. (NASDAQ: EXTR) traded down about 2.6% Monday and posted a new 52-week low of $8.13 after closing Friday at $8.35. The stock’s 52-week high is $15.55. Volume totaled around 2.9 million, nearly 60% higher than the daily average of around 1.9 million. The company had no specific news.
Best Tech Stocks To Own Right Now: Allot Communications Ltd.(ALLT)
Advisors' Opinion:- [By Max Byerly]
Allot Communications (NASDAQ:ALLT) and NEC (OTCMKTS:NIPNF) are both computer and technology companies, but which is the superior stock? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, dividends, profitability, earnings, valuation and risk.
- [By Shane Hupp]
Allot Communications (NASDAQ: ALLT) and Extreme Networks (NASDAQ:EXTR) are both small-cap computer and technology companies, but which is the superior business? We will compare the two companies based on the strength of their earnings, dividends, risk, institutional ownership, valuation, profitability and analyst recommendations.
- [By Ethan Ryder]
Shares of Allot Communications Ltd (NASDAQ:ALLT) have been given an average rating of “Buy” by the seven ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $6.68.
- [By Max Byerly]
Allot Communications (NASDAQ:ALLT) will be posting its quarterly earnings results before the market opens on Tuesday, May 8th. Analysts expect Allot Communications to post earnings of ($0.10) per share for the quarter.
Best Tech Stocks To Own Right Now: GigaMedia Limited(GIGM)
Advisors' Opinion:- [By Logan Wallace]
Deutsche Bank AG grew its position in GigaMedia Limited (NASDAQ:GIGM) by 69.3% during the fourth quarter, Holdings Channel reports. The fund owned 46,885 shares of the technology company’s stock after acquiring an additional 19,185 shares during the quarter. Deutsche Bank AG’s holdings in GigaMedia were worth $142,000 at the end of the most recent reporting period.
Best Tech Stocks To Own Right Now: Broadcom Corporation(BRCM)
Advisors' Opinion:- [By Max Byerly]
Headlines about Broadcom (NASDAQ:BRCM) have trended somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Broadcom earned a news impact score of 0.16 on Accern’s scale. Accern also gave media headlines about the semiconductor manufacturer an impact score of 43.7335359332371 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
- [By Paul Ausick]
Broadcom Inc. (NASDAQ: BRCM) traded down about 1.4% Friday and posted a new 52-week low of $222.00 after closing Thursday at $225.25. The stock’s 52-week high is $285.68. Volume totaled around 3.9 million, just under the daily average of about 4.1 million. The company had no specific news.
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