General Motors’ US Retail Sales Remained Flat in November
General Motors’ (GM) overall US vehicle sales fell 2.9% in November 2017 to 245,387 vehicle units. Its November home market sales were much higher than Ford’s.
The stock of Apple (AAPL) iPhone lens manufacturer Largan Precision fell 10% on Wednesday, December 6, 2017, after it announced that revenue for December 2017 is expected to decline.
FireEye’s 14-day MACD stood at -0.63. FireEye’s MACD is a negative figure, which indicates a downward trading trend.
Helix is an intelligence-driven platform that simplifies, integrates, and mechanizes security operations.
After its 3Q17 results, there was only one “sell” recommendation for FireEye. Seventeen analysts gave a “hold” rating while 11 analysts gave a “buy” rating on FireEye stock.
The Helix security platform acquired 57 new customers in 3Q17 for a total of 71.
FireEye stock, which peaked in mid-2015 at $55.00 per share, has been whipsawed and is now trading in the price range of $13.50–$14.50 per share.
In 3Q17, FireEye’s non-GAAP operating margin of -2.0% was significantly better than -14.0% in 3Q16.
Leading cybersecurity companies saw their stock prices fall when they issued their recent earnings reports and provided lower-than-expected results.
In 3Q17, FireEye’s (FEYE) revenues rose ~2.0% to $189.6 million. However, a weak outlook pressured FEYE stock, which fell ~10.0% when it announced its earnings.
Cryptocurrency exchanges are rather new, and there is concern about malware attacks and the safety of data.
At the end of September 2017, Riot Blockchain (RIOT) had cash and equivalents of ~$13 million and an accumulated deficit of ~$121 million.
In October 2017, Riot Blockchain (RIOT) acquired a 52% stake in Tess, a developer of blockchain solutions for telecom (telecommunications) companies.
Riot Blockchain stock has seen a strong upsurge in the past few days. It has risen from $4 to $25 in the past six months.
From diagnostic equipment, Riot Blockchain pivoted to investing in companies that have exposure to digital currencies and the underlying blockchain technology.
WDC stock has risen 29.0% in the trailing-12-month period and 14.3% since the start of 2017.
WDC’s non-GAAP operating expenses reached $819.0 million in fiscal 1Q18 due to investments related to product development, IT transformation projects, and acquisitions.
Analysts estimate Western Digital (WDC) to post revenues of ~$5.3 billion in fiscal 2Q18.
According to Statista, HDD shipments are estimated to decline from 470 million units in calendar 2015 to 395 million units in 2017 and 330 million units in 2021.
Western Digital’s (WDC) Data Center Devices & Solutions business posted revenues of $1.37 billion in fiscal 1Q18.