News
Rackspace Hosting (RAX) Faces Increased Competition and Growth Uncertainty
May 21, 2013Rackspace Hosting (RAX) faces increasing competition and uncertainty about the future growth of its cloud business, with the most recent fourth-quarter results showing a revenue growth outlook which implied lower capex guidance than the Street hoped for, says Todd Weller, Managing Director at Stifel, Nicolaus & Co., Inc. “We decided to downgrade the stock after we had a great multiyear run with it. I think at this point we remain more cautious than optimistic, and again some of that is just we feel that to become more constructive, we need to have a better understanding of what sustainable growth looks like, because again, things seem to have changed — and trying to figure out if they’re a low 20% grower or high-teens grower, or how to think about that,” Weller said...
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Facebook (FB) Faces Increasingly Fragmented Audience
May 21, 2013Facebook (FB) faces pressures from online audience fragmentation and the loss of eyeballs to other more mobile platforms such as Twitter, Snapchat and WhatsApp, says Brian Pitz, Managing Director and Senior Research Analyst at Jefferies & Company, Inc. “We were concerned in terms of some of the engagement metrics; the data we have suggests that the Millennial demographic might be churning off a bit faster than other demographics, which are shifting to more mobile-centric apps and/or platforms. We think Facebook tried to address this early on through its acquisition of Instagram, but what is happening since then is further fragmentation of the audience onto other platforms or apps such as Twitter, Snapchat or WhatsApp,” Pitz said...
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Electronic Arts Inc.’s (EA) Battlefield to Compete with Activision’s (ATVI) Call of Duty, Yet Real Opportunity is Va
May 21, 2013Electronic Arts Inc. (EA) holds a number of core franchises in the electronic gaming field, with “Battlefield” set to compete against Activision‘s “Call of Duty” this holiday season, yet the real opportunities for EA remain unclear as the company struggles to remain profitable in an increasingly competitive industry that is also going through a console transition, says Brian Pitz, Managing Director and Senior Research Analyst at Jefferies & Company, Inc. “Activision (ATVI) is the best-in-breed core gaming company, and we believe that EA (EA) has a couple of great core franchises like ‘FIFA Soccer,’ ‘Madden’ football and ‘Battlefield...
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Coronado Biosciences (CNDO) Uses Trichuris Suis Ova to Treat Autoimmune Diseases
May 20, 2013Coronado Biosciences (CNDO) uses Trichuris suis ova to treat autoimmune diseases, putting the hypothesis of autoimmune diseases being caused by too much hygiene to the test and currently posting encouraging clinical data, says Dr. Finny Kuruvilla, Portfolio Manager at Eventide Funds. “The basic thesis behind Coronado is that there has been an explosion in the Western world in all sorts of autoimmune diseases. That includes diseases like multiple sclerosis, Crohn’s disease, ulcerative colitis, type I diabetes and psoriasis,” Kuruvilla said. “Interestingly, when you go into the developing world, places like India, you generally find those diseases are much less common — yet if you take a person from India and they immigrate, say, to the United States, you’ll find that they begin to assume the incidence of the host population...
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Baidu.com (BIDU) Tries to Monetize Mobile Traffic and Improve App-Based Search
May 20, 2013Baidu.com (BIDU) hasn’t found a meaningful strategy to monetize their online traffic yet and continues trying to increase its mobile market share and increase recognition of its application-based search, says Cynthia Meng, Managing Director of Jefferies & Company, Inc. “What will make us change our mind [about Baidu] is some meaningful revenue contribution coming from mobile search. They are seeing more than 30% of the traffic shifting from PC to mobile already, while mobile search monetization hasn’t really started for Baidu. So we are waiting to see some tangible evidence that it is going to be meaningful for them or going to be effective monetization of the mobile search,” Meng said...
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