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

Groupon Investors Await: Tech Winners & Losers

NEW YORK ( TheStreet) -- Groupon (GRPN - Get Report) climbed 3.57% to $7.72 on Friday as investors anticipate the company's second-quarter earnings after the closing bell.

Analysts polled by Thomson Reuters are looking for the daily deals company to post earnings of 3 cents per share on $573.13 million in revenue. (CRM - Get Report) landed its "largest transaction in its history," according to Piper Jaffray analyst Mark Murphy in a research note on Monday.

"This may help to explain why CEO Marc Benioff described the Q2 pipeline as 'unlike anything we've ever seen in size and scale' in May," wrote Murphy, who maintained his "overweight" rating and $207 price target.

"The unprecedented cluster of multi-year mega-deals for likely signifies a changing of the guard in the enterprise software industry, as the disproportionate winner of the Cloud War exerts even greater industry-wide dominance," Murphy wrote in his note.

Shares of the enterprise cloud computing company rose 4.19% to $145.70 on Monday.

Research In Motion (RIMM) shares suffered on Monday, falling 2.17% to $8.11, on rumors that the BlackBerry maker will lay off 3,000 workers next week.

The company announced plans to reduce its workforce by roughly 30%, alongside first-quarter earnings released in June.

In similar news, Google (GOOG - Get Report) said it will cut 20% of the work force at Motorola Mobility, a cellphone maker it purchased in May, in an effort to return the unit to profitability.

Shares of the Internet giant climbed 1.98% to $654.69 on Monday.

--Written by Nathalie Pierrepont in New York.

>To submit a news tip, send an email to:

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

>Contact by Email.

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
CRM $75.62 0.32%
GOOG $693.64 0.38%
GRPN $3.80 -14.00%
AAPL $93.53 -1.40%
FB $116.41 -0.27%


Chart of I:DJI
DOW 17,701.60 -129.16 -0.72%
S&P 500 2,059.78 -16.03 -0.77%
NASDAQ 4,765.0410 -40.25 -0.84%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs