This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Facebook, Zynga, Symantec, Apple: Tech Premarket

Stocks in this article: FB ZNGA SYMC FFIV MSFT AAPL

NEW YORK ( TheStreet) -- Zynga (ZNGA) was a major gainer in premarket trading on Thursday, rising 16.96% to $2.49 after the company's third-quarter results late on Wednesday.

Hot on the heels of the third-quarter top- and bottom- line beat from key partner Facebook (FB) earlier this week, Zynga reported revenue that beat analysts' estimates.

The San Francisco-based firm reported sales of $317 million, above analysts' forecasts of $256.4 million. Excluding items, the social gamer broke even on a per-share basis, in line with analysts' estimates.

Zynga also forecast 2012 earnings between 2 cents and 3 cents a share and announced a $200 million share buyback.

The company was the most active premarket Nasdaq stock on share volume of 952,907.

Facebook was also up Thursday, rising 1.59% to $23.60 on share volume of 75,955.

Symantec (SYMC) was another gainer, rising 9.44% to $19.02 after skipping past analysts' second-quarter estimates on Wednesday.

The security software specialist brought in revenue of $1.7 billion, an increase of 1% on the same period last year, or a 5% hike adjusted for the effects of currency. Analysts surveyed by Thomson Reuters were looking for sales of $1.66 billion.

Excluding items, Symantec earned 45 cents a share, up from 39 cents a share in the year-ago quarter, and comfortably above analysts' forecast of 38 cents a share.

"I am pleased with the team's results and progress made this quarter. We delivered solid results during the first quarter of a significant transition for the company," wrote Symantec CEO Steve Bennett, in a statement released after market close. "While focused on running the company, the team is also hard at work building a strategy and operational plan to deliver greater than 5 percent organic growth and 30 percent operating margins on a sustainable basis within the next two-to-three years."

F5 Networks (FFIV), however, was a laggard after reporting its fiscal fourth-quarter results on Wednesday, which were weighed down by slowing growth in the second half of the year.

Shares of the networking gear maker plunged 10.69% to $83.35 in premarket trading.

Microsoft (MSFT), which hosts its Windows 8 launch event in New York on Thursday, crept up 0.85% to $28.14.

Apple (AAPL) shares rose 0.41% to $619.34 ahead of the company's fourth-quarter results after market close Thursday.

TheStreet will be live-blogging Apple's earnings announcement from 3:45 p.m. EDT.

--Written by James Rogers in New York.

>To submit a news tip, send an email to: tips@thestreet.com.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!

Markets

DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs