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

F5, Xilinx, eBay: After-Hours Trading (Update 1)

Xilinx, which also declared its regular quarterly dividend of 19 cents a share, forecast sequential sales growth of between 2% and 6% in its fiscal fourth quarter ending in March and projected gross margins of 64%-65%.

The outlook was a bit mixed as the company is calling for a return to growth on the top line after a sequential dip of 8% in the latest quarter when it experienced "particularly weak business from large communications customers" but the gross margin view is a slight dip from the current 65.8% level.

The stock was last quoted at $37.83, up 7.2%, on after-hours volume of around 800,000, according to Based on Wednesday's regular session close at $35.30, the shares have gained nearly 8% in the past year. The buy side was in wait-and-see model ahead of the news with 17 of the 29 analysts covering the stock at hold.

WebMD (WBMD - Get Report) shares were also winners in after-hours action, rising 3.3% to $27.17 on volume of more than 30,000 after Carl Icahn disclosed that he's raised his stake in the online medical information company to 11.6% from just below 10% in a regulatory filing.

Icahn also disclosed in the Schedule 13-D an idea for what WebMD should do with some of its cash holdings.

"The Reporting Persons believe that the Issuer should use cash on hand to repurchase up to one billion dollars of its outstanding shares through a Dutch tender with $30.00 per share as the high-end of the price range," Icahn said in the filing. "This price represents a 14% premium to the January 18, 2012 closing price which reflects the news of the Issuer's most recent significant financial guidance disappointment and the termination of its sale process."

Other stocks active in late trades included eBay (EBAY), which tacked on 2.4% to $31.08 on volume of 5.5 million after the online auctioneer offered up a mixed bag with its quarterly results; and Sanmina-SCI (SANM - Get Report), which fell 6.3% to $9.84 on volume of nearly 62,000 after the company fell 3 cents short of the consensus profit view for its latest quarter.

-- Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.

>To submit a news tip, send an email to:
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
2 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
EBAY $22.01 -2.09%
FFIV $87.61 -0.65%
SANM $19.52 0.46%
XLNX $47.22 -0.34%
WBMD $47.60 -1.53%


Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs