Paul Shread

Juniper Networks beat estimates and raised guidance after the close on Thursday, but investors sold the stock anyway. Juniper’s earnings of 13 cents a share beat 11-cent estimates, and $375 million revenues topped analysts’ $370.4 million forecasts. Gross margins were 70%, in line with guidance. The company predicted fourth-quarter earnings of 14 cents a share, […]

It seems just about every storage vendor wants to get into the replication business these days. With data booming and the need to protect it growing, it’s a rare storage vendor that doesn’t offer data replication technology. Adaptec’s Snap Appliance division this week took the wraps off the latest product for companies hoping to get […]

Apple posted results and guidance after the close on Wednesday that looked like something out of 1999. Apple’s September quarter earnings of 27 cents a share crushed analysts’ estimates by 9 cents, and revenues rose 37% to $2.35 billion, $200 million above forecasts. The company projected even stronger results for the December quarter: earnings of […]

The S&P 500 (first chart below) hung onto its uptrend nicely today, sparking a rally into the close. Support is 1120 and 1116, and resistance is 1130 and 1140-1142. The Nasdaq (second chart) also put in a nice reversal today. Support is 1918-1920, 1910, 1900 and 1892, and resistance is 1931-1933 and 1941-1949. The Dow […]

Yahoo delivered results and guidance after the close on Tuesday that were pretty much as expected. Yahoo’s third-quarter earnings rose 80% from the year-ago quarter to 9 cents a share, in line with estimates, while revenues after traffic acquisition costs jumped 84% to $655.4 million, above $644.7 million forecasts. Net advertising revenue grew 10% sequentially […]

Iron Mountain moved further into the backup and recovery space Tuesday with the acquisition of Connected Corp. for $117 million. Connected backs up desktop data for more than 600 corporations, with more than 2 million licenses worldwide, and the company has also begun to offer server and email backup products. For Iron Mountain, which boasts […]

With the bond market closed and trading volume very low, it’s hard to draw much in the way of conclusions from today’s action. Stocks could continue to edge higher into Intel’s and Yahoo’s earnings reports tomorrow night, but after that, the fundamentals will drive action. We would note that the market remains in a seasonally […]

When Google went public in August, the negative publicity surrounding the company’s IPO caused investors to substantially undervalue the company’s shares compared to Yahoo , its closest rival. Now the valuation gap may have closed, according to analyst Mark Mahaney of American Technology Research. Shares of Yahoo have appreciated by 20% since Google’s Aug. 19 […]

Technically, not a pretty picture today, with breakdowns on the S&P and Nasdaq. On the plus side, fear is running high among option traders, and the NYSE internals were pretty strong under the circumstances. The S&P 500 (first chart below) completed its breakout failure today with a close back below its main downtrend line, a […]

Investors will get a closer look next week at what the slowing economy could mean for technology earnings. It’s been a rough few months for a number of tech sectors, with chip stocks, networkers and others battered by a combination of oversupply and slower than expected economic growth. Investors will be watching this month’s earnings […]

Much of the tech sector has suffered this year from oversupply and weaker than expected demand, but storage value-added resellers (VARs) are upbeat on the prospects for a strong fourth quarter. Wall Street research firm Robert W. Baird released its third-quarter VAR Survey this week, and the results suggest that the storage sector could end […]

The S&P 500 (first chart below) is on the verge of a breakout failure if it ends the week anywhere below 1131.5. Much will depend on tomorrow’s jobs and GE earnings reports. To the downside (second chart), support is 1128, 1125, 1120 and 1113, and resistance is 1135, 1142 and 1146. The Nasdaq (third chart) […]