This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tech Stocks in Motion

Shares of Vyyo (VYYO) were among technology's winners Monday, climbing 14% after Needham raised its rating on the wireless broadband company to buy from underperform and slapped a $10 price tag on the shares.

In a research note, Needham analyst Anton Wahlman said the $10 target is based on projected 2007 sales of $84 million, which is up from the firm's earlier estimate of $64.7 million.

"There are numerous reasons why we choose this point in time to upgrade Vyyo to a 12-month buy rating. We believe the most important long-term factor is the increasing pressure that we believe will be put on the cable TV operators by several types of competitive carriers, most importantly the traditional telephone companies, and of them most importantly Verizon's Fiber-To-The-Home project, which is now in full swing and saw its first TV offerings start in late September," Wahlman said. "Under this scenario, cable TV operators will have to respond by creating more downstream and upstream bandwidth alike." Vyyo shares recently were trading up 71 cents to $5.69.

Ceragon Networks (CRNT - Get Report) slumped 12% after the broadband wireless-network equipment maker said it plans to write down $6.7 million to $7.2 million in inventory during the fourth quarter. Ceragon said the writedown is related to the elimination of its FibeAir 1500 product line, which is being replaced by the new FibeAir 1500P series. The elimination of the FibeAir 1500 will take place over the next two to three quarters, the Israeli company said. Ceragon also plans to record a $300,000 charge during the fourth quarter and first half of 2006, which is related to personnel termination expenses and a writedown of assets related to the assembly facilities used for the FibeAir 1500. Shares were trading down 48 cents to $3.49.

Shares of (NTES - Get Report) fell 5% after the company said William Lei Ding, its founder, will become chief executive. Ding succeeds Ted Sun, who passed away in September. Chief Financial Officer Denny Lee and Chief Operating Officer Michael Tong previously had assumed Sun's responsibilities. "On behalf of our board of directors, we are delighted to have William take the leadership reins of NetEase to continue its strong momentum in online services, particularly in the development of online games for which William has been a strategic visionary and driving force," NetEase said. Shares were down $3.12 to $57.88.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CNXT $33.01 0.03%
DTV $0.00 0.00%
AAPL $93.64 -0.11%
CAMT $2.16 -2.30%
CSCO $27.37 -0.44%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs