Stocks to Watch: Pandora, Ciena, Sears

NEW YORK -- Pandora ( P) , the streaming music company, posted break-even results for its fiscal second quarter on Wednesday and provided strong guidance.

The company sees revenue ranging from $115 million to $118 million for its third quarter ending in October, ahead of Wall Street's current consensus estimate of $114.4 million. For the full year, Pandora expects revenue of $425 million to $432 million and a non-GAAP loss of 4 to 8 cents a share vs. the average analysts' view for a loss of 11 cents a share on revenue of $424.2 million.

Pandora Boosted By Break-Even Results


Ciena ( CIEN) is scheduled to report fiscal third-quarter results before Thursday's opening bell and analysts expect a loss of 2 cents a share in the July-ended quarter from the optical networker on revenue of $473.9 million.


TiVo ( TIVO), the digital video-recording technology company, reported a narrower second-quarter loss on Wednesday as it gained 23,000 subscribers for the quarter ended in July.

TiVo said it expects fiscal third-quarter revenue from service and technology to range from $57 million to $59 million. Analysts are forecasting $57 million.

Why It May Be Time to Sell Amazon


Sears Holdings ( SHLD) is being removed from the S&P 500.

The struggling department store retailer will be nixed from the index after the close of trading on Sept. 4, replaced by LyondellBasell Industries ( LYB).


British bank Barclays ( BCS) named Antony Jenkins, head of its retail and business banking operations, as its new CEO. He replaces Bob Diamond, who resigned in the wake of the Libor rate-fixing scandal.

-- Written by Joseph Woelfel

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