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 Winners & Losers: Verizon

Tech stocks dug themselves out of the red on Monday, only to slip again by midafternoon.

The Nasdaq lost 5 points, or 0.3%, to 1548 in recent trading.

Verizon (VRZN) shares soared after it matched Wall Street's third-quarter profit estimate, helped by gains in its wireless segments that have offset softness from its wireline business.

The stock was up 12.7% to $28.27.

Shares of Juniper Networks (JNPR - Get Report) were up 6.6% to $17.59 after Oppenheimer upgraded the stock to outperform from perform. The stock had tumbled last week after the networking equipment maker offered a cautious outlook for the rest of the year.

ASML (ASML - Get Report) shares were climbing 3.1% to $16.16 after Goldman Sachs raised its rating to buy from neutral. The firm said the company has strong positioning against its competitors and that the semiconductor equipment maker's business model has improved since the last downturn.

German software maker SAP (SAP) saw its shares fall ahead of its earnings on Tuesday. The stock was down 5% to $30.94. The company had pre-announced weak results earlier this month, with CEO Henning Kagermann issuing a statement noting "a very sudden and unexpected drop in business activity at the end of the quarter."

Shares of rural telephone company CenturyTel (CTL - Get Report) plunged 11.4% to $26.14 after it agreed to acquire Embarq (EQ) for $11.6 billion in stock and the assumption of debt.

Under the deal's terms, each share of Embarq would be exchanged for 1.37 shares of CenturyTel -- a 36% premium over Friday's closing price. The deal also assumes $5.8 billion in debt.

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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
ASML $97.95 1.90%
CTL $35.97 2.10%
JNPR $24.05 -0.37%
VZ $48.82 -1.10%
AAPL $127.04 -0.44%


DOW 18,025.82 -9.11 -0.05%
S&P 500 2,104.33 +3.93 0.19%
NASDAQ 5,017.5760 +22.9740 0.46%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs