Morning Buzz: Nokia Corporation (NOK), Apple Inc. (AAPL), Vimicro Int’l (VIMC), Yelp (YELP), Cytori Therapeutics (CYTX)

In Thursday’s premarket trading, Nokia Corporation (NOK) is a solid winner, up nearly 8% to $8.52 from Wednesday’s close of $7.93. This after the company beat market expectations as it reported strong 3Q profit. Nokia said it registered a net profit of €747 million ($950M), from a loss of €91M ($115M) a year earlier. EPS came in at €0.09 per share, excluding non-recurring items, beating Wall Street’s consensus of €0.07. Sales jumped 13% from €2.6 billion in Q3’13 to €2.9 billion in Q3’14.

Outlook: Nokia now expects Nokia Networks’ non-IFRS operating margin for the full year 2014 to be slightly above 11%. This compares to company’s previous outlook for Nokia Networks’ non-IFRS operating margin for the full year 2014 to be at or slightly above the higher end of Nokia Networks’ targeted long-term non-IFRS operating margin range of 5% to 10%.

In addition, the company continues to expect Nokia Networks’ net sales to grow on a year-on-year basis in the second half 2014.

Additionally, Nokia announced the appointment of Sean Fernback as President of HERE, Nokia’s mapping and location intelligence business, and as a member of the Group Leadership team, with effect from November 1, 2014.

In other Nokia news ; Reuters reports that Microsoft (MSFT) looks set to ditch Nokia title from its Lumia range of smartphones just months after buying the company’s handset business.

Shares of Nokia Corporation are up $0.59 in pre-market trading today. On valuation-measures, ticker has a trailing-12 and forward P/E of 11.48 and 19.82, respectively. P/E to growth ratio is 0.87, while t-12 profit margin is 17.94%. EPS registers at $0.69. The Espoo, Finland-based company has a market cap of $29.45B and a median Wall Street price target of $8.12 with a high target of $12.00.

On trading-measure, NOK has a beta of 1.96 and a short float of 0.65%. In the past 52 weeks, NOK has traded between a low of $6.64 and a high of $8.73 with the 50-day MA and 200-day MA located at $8.30 and $7.86 levels, respectively.

NOK currently prints a one year return of about 14.93% and a year-to-date return of around 4.20%.

Apple Inc. (AAPL) – CEO Tim Cook told Sina.com that the company plans to open an additional 25 retail stores in Greater China within the next two years. Cook also says Cupertino will increase investment in the country by an unspecified amount. The company’s future plans in the region were revealed during a visit by Cook to China.

In other Apple news ; Digitimes reports that due to strong demand for Apple’s iPhone 6, Pegatron and Foxconn will likely deliver close to 25M units each before the end of 2014.

Shares of the iPhone maker advanced to $102.99 at the close yesterday in New York and have risen nearly 1% in pre-market trading Thursday.

Vimicro International Corp. (VIMC) is up 11% at recent check and it seems that it’s rising on an announcement from the company which says its joint venture, Shanxi Zhongtianxin Science and Technology, won a competitive bid to provide SVAC-compliant video surveillance cameras and system to Chenzhou Municipal Government in Hunan Province on October 22, 2014, subject to a seven day public notification period. The contract value of this bid is RMB179 million, or $29.2M. Zhongtianxin is joint venture in which Vimicro holds a 51% stake, with the remaining 49% owned by Shanxi Guoxin Investment Co., a Shanxi provincial government-owned investment company.

“We are very pleased to have won the bidding to supply our SVAC-compliant video surveillance products and system to Chenzhou in Hunan Province, which signals the first city-wide adoption of SVAC national standard in Hunan Province,” Dr. John Deng, Vimicro’s Chairman and CEO said in a statement.

Vimicro International, currently valued at $277.32M, has a median Wall Street price target of $10.00 with a high target of $10.00. In the past 52 weeks, shares of the Beijing, China-based company have traded between a low of $1.65 and a high of $11.79 with the 50-day MA and 200-day MA located at $8.29 and $4.55 levels, respectively. Additionally, shares of VIMC trade at a P/E ratio of 8.19 and have a Relative Strength Index (RSI) and MACD indicator of 57.98 and +0.10, respectively.

VIMC currently prints a one year return of about 324.67% and a year-to-date return of around 396.91%.

Shares of Vimicro are trading up $1.06 to $10.70 in pre-market trading.

Yelp, Inc. (YELP) – In a report published Thursday, Citigroup (C) analysts recommend using the post-earnings pullback in shares as an “enhanced” buying opportunity. Citi lowered YELP’s price target by more than 10% to $78 from $87, while leaving its ‘Buy’ rating on the stock unchanged. The firm said the pps reduction was done to reflect a “slightly slower growth trajectory”. Piper Jaffray also recommends buying today on the pullback. The firm said it maintains an ‘Overweight’ rating on the equity with a $90 PT, implying 46% expected return. Separately, Yelp was downgraded to ‘Hold’ from ‘Buy’ at Stifel.

Yelp shares are falling sharply, down more than 12% to $61.75 in early trade Thursday. The name has a forward PE and PE to growth ratio of 175.58 and 11.48, respectively. Price/sales for the t-12 period is 17.30 while EPS is ($0.06). The company has a market cap of $5.06 billion and is part of the technology sector and Internet Information Providers industry. Shares are up 1.18% year-over-year, and 1.86% year-to-date.

Cytori Therapeutics, Inc. (CYTX) shares are surging Thursday, gaining 50% to reach $0.69 from the previous close of $0.48. The San Diego, California-based cell therapy company announced it has received notification from the FDA that Cytori has provided additional information sufficient to support continuation of enrollment in its ATHENA cardiovascular trials. Cytori said the FDA has agreed that the submitted data and protocol amendments support the fact that there are no subject protection concerns that preclude continuation of the trials.

In the past 52 weeks, shares of CYTX have traded between a low of $0.46 and a high of $3.93. Shares are down 79.74% year-over-year and 82.10% year-to-date.

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