10:37AM
Natural gas falls; supply down less than expected ( NGH13 ) by Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Natural-gas futures fell Thursday after the Energy Information Administration reported a decline in U.S. inventories that was smaller than expected. Supplies fell 194 billion cubic feet for the week ended Jan. 25, the EIA said. Analysts polled by Platts forecast a decline between 200 billion and 204 billion cubic feet. Total stocks now stand at 2.802 trillion cubic feet, down 202 billion cubic feet from the year-ago level and 304 billion cubic feet above the five-year average, the government said. March natural gas (ngh13) was at $3.26 per million British thermal units, down 8 cents, or 2.3%. It was trading little changed around $3.33 shortly before the data.
10:34AM
JDS Uniphase jumps following results, upgrade ( JDSU ) by Dan Gallagher
SAN FRANCISCO (MarketWatch) -- Shares of JDS Uniphase (jdsu) jumped more than 18% to $14.74 on Thursday morning. The prior afternoon, the maker of telecommunications networking equipment swung to a profit for the second fiscal quarter, beating expectations. It also projected a revenue range for the current period that was slightly above analysts' forecasts. Alex Henderson of Needham & Co. upgraded the stock to a buy rating, "based on improved visibility on the timing and scope of this improvement and JDSU's ability to benefit," referring to expected upgrades in capital spending by telecommunications carriers. His price target on the stock is $18.
10:26AM
Citrix shares jump on results, upgrade ( CTXS ) by Dan Gallagher
SAN FRANCISCO (MarketWatch) -- Shares of Citrix Systems (ctxs) jumped more than 11% to $74.36 on Thursday morning. The prior afternoon, the enterprise software company reported double-digit revenue gains for the fourth quarter, beating expectations. It also projected a revenue range for the current period that was above analysts' forecasts. "As enterprises build out cloud-like data centers and mobilize their workforces (BYOD), we believe Citrix is in a unique position to benefit from this secular trend and experience solid growth for its product family outside its core Desktop [products]," wrote Kash Rangan of Bank of America/Merrill Lynch, who upgraded the stock to a buy rating and raised his price target to $84 from $74.
10:19AM
Take-Two falls on late 'Grand Theft Auto' release ( TTWO GME ) by Dan Gallagher
SAN FRANCISCO (MarketWatch) -- Shares of Take-Two Interactive Software (ttwo) fell nearly 5% to $12.44 in early trades on Thursday after the company announced that it will release "Grand Theft Auto V" on Sept. 17. The launch of the highly anticipated sequel to the best-selling urban action franchise comes later in the year than the original planned spring release, "in order to allow additional development time," the company said in a statement. The title will be available for the Xbox 360 and PlayStation 3 consoles. Retailer GameStop (gme) also saw its shares slip by 1.7% in early trades. |
