LogMeIn Inc(NASDAQ:LOGM)’s shares hit a new low of $17.11 in early morning session as investors spooked after the company guided lower than estimated earnings for the current quarter and full year. The company projects to earn 9-10 cents on revenue of $36 million to $36.5 in the current quarter, missed analysts’ target of 18 cents a share on revenue of $ $38.2 million. For the full fiscal year, it projects to earn 43-49 cents on revenue of $154 million and $157 million, again failed to match analysts’ target of 81 cents a share on revenue of $164 million.
Millennial Media, Inc.(NYSE:MM)’s shares up 8% as analyst at Oppenheimer predicts the mobile ad network owner will report solid Q4 results on Tuesday, and states his research indicates Millennial will face limited mobile ad competition in the near-term (ed: Google’s AdMob seems a formidable rival). Helfstein, who smartly made a bullish call on Millennial ahead of its Q2 report, also notes the company’s very high short interest (45.5% of the float was shorted as of Jan. 31).
Research In Motion Ltd(NASDAQ:BBRY) resumed downtrend after yesterday’s recovery, The stock is now down 4.50% after gaining about 8% in yesterday’s session. On Thursday, the stock ended higher for the firs time in the past 5-trading session. The stock has been volatile amid mixed review about the company’s latest launch of Z10 in U.K and Canadian market. Analysts are not much optimistic about the company’s innovation and are on view that the company need to do a lot to get back into the game.
BBRY was once the key smartphone player in the industry, but due to astonished innovation from Apple and Google, the company has failed to match along with them. Now, investors are eyeing the company’s launch of Z10 in U.S, which are expected to be somewhere around May to June of this year.
Herbalife Ltd.(NYSE:HLF) is one of the most active stocks and rose 10.50%, although it was up 25% in pre-open session. Investors return with high confidence after late Thursday, activist investor Carl Icahn disclosed that he holds 13% stake in Herbalife. There have been solid fight going between Icahn and Bill Ackman. Bill Ackman told earlier this year Herbalife’s shares will go to zero and called “Herbalife is a pyramid scheme.”
In fact, despite the disclosure, Ackman this morning told CNBC that he remains convinced that “Herbalife is a pyramid scheme.”
Ackman’s statement read, “We invest based on a careful analysis of the facts. After 18 months of due diligence, we have concluded that it is a certainty that Herbalife is a pyramid scheme. Our conclusions are unaffected by who is on the other side of the investment. Our goal was to shine a spotlight on Herbalife. To the extent Mr. Icahn is helping achieve this objective, we welcome his involvement.”
Just to remind Ackman made $1 billion short bet against the stock . Seems like, we have to see more and more controversies among both investors.