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

Facebook, Sprint, Informatica: Tech Winners & Losers

NEW YORK ( TheStreet) -- Facebook (FB - Get Report) shares got a short-lived boost after the social networking giant announced it's surpassed 1 billion monthly active users earlier Thursday.

The buying didn't last though and after running as high as $22.40, the shares were recently changing hands at $21.81, down 2 cents.

CEO Mark Zuckerberg penned a blog post thanking the users for helping the network grow. "If you're reading this: thank you for giving me and my little team the honor of serving you," Zuckerberg wrote as part of the post.

Sprint (S) shares fell 3.65% to $5.01 as headlines cropped up that the company might make a bid for MetroPCS (PCS).

Bloomberg reported Sprint is in the "early stages" of evaluating whether it should make a run at Dallas-based MetroPCS.

Yesterday, MetroPCS and T-Mobile USA disclosed details of their merger, which would see the company use T-Mobile's branding and have 42.5 million subscribers.

Informatica (INFA - Get Report) plunged 23.97% to $25.57 after the company announced it would miss earnings and revenue expectations for the coming quarter.

The Redwood City, Calif.-based data software company forecast earnings of 25 to 27 cents a share for its fiscal third quarter ended in September on revenue of between $189 million and $191 million. Analysts surveyed by Thomson Reuters were looking for revenue of $200.77 million and earnings of 34 cents a share.

In the press release, Sohaib Abbasi, Informatica's CEO, blamed the majority of the shortfall on weakness in Europe.

Interested in more on Informatica? See TheStreet Ratings' report card for this stock.

-- Written by Chris Ciaccia in New York

>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
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!
PCS $11.84 0.00%
FB $81.19 -0.88%
INFA $48.26 0.15%
S $5.30 0.67%
AAPL $130.90 -1.30%


DOW 18,003.64 -34.33 -0.19%
S&P 500 2,103.62 -5.30 -0.25%
NASDAQ 5,040.0650 -20.1810 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs