Updated from 11:34 a.m. EST to include information on Yahoo in the first paragraph and updated share prices.
"I'm incredibly excited to start my new role at Yahoo! tomorrow," Mayer tweeted after the closing bell on Monday. The Internet giant is scheduled to release earnings on Tuesday.
Research In Motion (RIM) just can't get a break.Baird Equity Research released a survey on Friday that revealed developer sentiment toward BlackBerry 10 and BlackBerry 7 at a new low, according to All Things D. Out of the 200 developers surveyed, Baird found the collective outlook for BlackBerry 10 had fallen 17.3% from the previous quarter. The developers' outlook for the BlackBerry 7 declined 35%. Shares of the BlackBerry maker tumbled 3.45% to $6.99 in Monday morning trade. Benchmark analyst Daniel Kurnos increased his growth estimate of eBay (EBAY) through 2013, pushing his price target to $45 and reiterating his 'buy' rating. "While we are trimming our FY12 revenue estimate by $100 million to reflect the stronger dollar in the back half of the year, we believe improving Payments trends, including accelerating growth in number of payments and rising penetration rates, could still help drive total revenue of over $14 billion for the year, or growth of more than 20%," Kurnos wrote in a note to clients on Monday. Despite the vote of confidence, shares of the online retail giant slid 3.38% to $38.60. The company is scheduled to announce its second-quarter earnings on Wednesday after the close of trading. Just days before F5 Networks (FFIV) releases its quarterly earnings, Morgan Stanley analyst Ehud Gelblum drastically reduced his price target for the company, lowering it to $125 from $155, but reiterated his 'overweight' rating. The mean price target of the 36 analysts surveyed by Thomson Reuters is $131.78. "Heading into FQ3, we are lowering our Fiscal Year 2012/Fiscal Year 2013 estimates on a weaker 1H spending environment as evidenced by recent data points on Europe," read Gelblum's research note on Monday. "We are cautious heading into the print on the uncertain macro despite the recent 30% drop in share price but remain Overweight LT." Shares rose 0.79% to $92.11. Nokia's (NOK) shares dropped 2.17% to $1.80 in Monday's trade despite AT&T's (ATT) announcement to cut the price of the Nokia Lumia 900 phone. Last week, it was widely reported that the Finnish phone marker plans to cut jobs in China as a part of an effort to reorganize its marketing operation. --Written by Nathalie Pierrepont in New York. >To submit a news tip, send an email to: email@example.com. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices. >Contact by Email. Follow @nrpierrepont
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV