Ciena Corporation (CIEN) is a well-managed networker, and compared to its peers, and actually well d...
Buyback Bets in Tech
08/02/2017 2:56 am EST
David Fried, editor of The Buyback Letter, focuses exclusively on stocks undergoing buybacks and share repurchases; since 2000, his "Buyback Portfolio" has gained 199% vs. the 68% gain in the S&P over the same time.
San Jose, Calif.-based Brocade Communications Systems (BRCD), a computer networking company, makes networking switches, software and storage products.
It has been in the news lately as semiconductor manufacturer Broadcom just got permission from the FTC to buy Brocade for $5.9 billion ($12.75 per share in cash), after months of antitrust concerns.
Broadcom is known for its connectivity chips used in products ranging from mobiles to servers. The latest development in the chip industry is growing demand for chips in connected devices and cars.
Q2 results showed a fiscal second-quarter loss of $11 million, after reporting a profit in the same period a year earlier. Revenue was $553 million in Q2. Revenue for fiscal year 2016 was $2,346 million, up 4% year-over-year. Management has reduced shares outstanding by 12.25% in the last 12 months.
The leading real estate Internet portal in China, Fang Holdings Limited (SFUN) was founded in 1999 and is based in Beijing, China.
The tech company provides e-commerce, marketing, listing, financial, and value-added services, and supports online communities and networks of users for the real estate and home furnishing and improvement sectors. Fang Holdings Limited was founded in 1999 and is based in Beijing, China.
SFUN had a disappointing quarter, weaker-than-expected fourth-quarter 2016 results. Quarterly revenue fell 42% year over year, to $174.7 million, and translated to a net loss of $10.4 million, or $0.02 per American depositary share.
Analysts, on average, were expecting a narrower net loss of $0.01 per share on revenue of $187.6 million. SFUN has repurchased about 7.08% of its shares in the past 12 months.
Related Articles on TECHNOLOGY
With another major firm announcing that they were victims of a massive hack, investing in the right ...
Even with a macroeconomic outlook that seems less certain than the past few years, I'm still particu...
Ultimate Software (ULTI) — our top pick for aggressive growth — his is a pure play on th...