NVIDIA Shares Higher

NVIDIA Shares Higher

NVIDIA gained nearly 3% after Needham & Co raised its price target to $200 from $130 and kept its buy rating on the shares. Needham reportedly believes the company’s Xavier platform, an A.I.-based supercomputer, will likely be at the center of Toyota’s (TM) self-driving efforts and could generate an additional $1.7 billion in revenue over the next two years. Separately, Jefferies raised its price target on Nvidia to $180 from […]

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Fortinet Selected to Provide WiFi Access to Mumbai Citizens

Fortinet Selected to Provide WiFi Access to Mumbai Citizens

Fortinet shares were up 1% Monday after the company said it has been selected by Maharashtra Information Technology Corp to provide wireless internet access in Mumbai, India. Financial terms weren’t disclosed. Fortinet’s access points provide WiFi Internet access for the public in Mumbai and are deployed in more than 500 locations across the city for the Mumbai WiFi project. In the first phase of the Mumbai WiFi project, the Maharashtra […]

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Financial Stocks Gain

Financial Stocks Gain

Financial stocks pared some of their prior gains but continue to outpace other sectors this afternoon, with the NYSE Financial Sector Index over 0.6% while financial companies in the S&P 500 Index are adding more than 0.7% in value. In company news, ACRE Realty Investors (AIII) fell to a record low on Tuesday, dropping almost 28% to a worst-ever 80 cents a share after today deciding to dissolve and liquidate […]

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Boeing Secures Order

Boeing Secures Order

Boeing said Wednesday morning it received an order from Malaysia Airlines Berhad for 10 737 MAX 10s, valued at $1.25 billion at list prices. The announcement, made at the Paris Air Show, converts 10 of the national airline’s current 737 MAXs on order to the newest version of the 737 MAX family. “We are very excited to announce our conversion of some of our 737 MAX 8s to 737 MAX […]

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Apogee Enterprises Reaffirms FY18 EPS Outlook

Apogee Enterprises Reaffirms FY18 EPS Outlook

Apogee Enterprises reaffirmed late Monday its FY18 outlook for earnings and revenues, with EPS seen in line with the consensus of analysts polled by Capital IQ. The company also said it completed the acquisition of privately-held EFCO Corp. from Pella Corp. for about $195 million. EFCO is a maker of aluminum windows, curtainwalls, storefront and entrance systems for commercial construction projects. Excluding the impact of the EFCO acquisition, Apogee said […]

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