Morning Buzz: Akamai (AKAM), Tesla (TSLA), SolarCity (SCTY), Deutsche Bank (DB)

Shares of Akamai Technologies, Inc. (AKAM) are higher by 17.26% to $46.40 in pre-market trading on Wednesday after the cloud services provider reported 4Q15 earnings and revenue that topped Wall Street’s expectations.

In its quarterly report, the company said it earned $0.72 per share, well above the $0.62 per share projections. Revenue advanced 8% to $579.16 million, above views for $568.84 million.

Akamai guided Q116 revenues of $554-$570 million, as compared to analysts’ expectations of $567.54 million. The management also gave its bottom line range of $0.61-$0.64 per share, against projections of $0.62 per share. Separately, the name was upgraded this morning to ‘Buy’ at Craig Hallum.

Tesla Motors, Inc. (TSLA) shares are up 2.43% to $151.85 in pre-market trading. The electric-car maker is expected to report 4Q15 earnings after the bell today. The Street is looking for EPS of $0.11 and revenue of $1.81 billion. Last quarter, the company reported EPS loss of ($0.58), $0.02 lower than the Street’s consensus estimate of ($0.56).

Tesla shares have lost 26% of their value in the past 12 months and 32% in the last three months.

SolarCity Corporation (SCTY) dropped $8.05 to $18.30 in pre-market trading after it reported fiscal results for the fourth quarter.

In its quarterly report, the company that installs and leases solar panels said it earned $0.04 per share, well above the ($2.59) per share analysts were expecting. Revenue rose 60.8% to $115.48 million, above views for $105.67 million.

The company however, told investors it will likely lose between ($2.65)-($2.55) a share in the current quarter. That compares to consensus of ($2.36) per share investors were expecting.

Deutsche Bank AG (DB) shares are up 7% to $16.46 in pre-market trading on reports that Germany’s biggest bank is considering buying back several billion euros of its debt.

Be the first to comment

Leave a Reply

Your email address will not be published.


*