Transforming Network Infrastructure Industry News

TMCNet:  Netflix, Sonic, Linktone are big movers

[March 26, 2013]

Netflix, Sonic, Linktone are big movers

(Associated Press Via Acquire Media NewsEdge) NEW YORK -- Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Quicksilver Resources Inc., up 21 cents at $2.43 The natural gas producer's fiscal fourth-quarter and full-year net income and revenue were higher than it first reported in February.

The Boeing Co., up $1.77 at $86.62 Shares of the aircraft maker rose a day after its Boeing 787 with a redesigned battery system made a successful test flight.

Nasdaq Netflix Inc., up $9.82 at $190.61 A Pacific Crest Securities analyst boosted the streaming company's price target, citing the potential for more subscribers.

Sonic Corp., up $1.14 at $12.87 The drive-in restaurant chain's second-quarter net income more than doubled and it expects comp.-store sales to improve this year.

Electronic Arts Inc., up 21 cents at $17.77 A Wedbush analyst raised his price target on the video game publisher to $25 from $23, citing new consoles coming this year.

BroadSoft Inc., up $1.23 at $28.12 A Raymond James analyst upgraded the communications software supplier on speculation that Oracle Corp. may buy it.

Gordmans Stores Inc., down $2.17 at $12.05 The retailer said its fourth-quarter profit fell 22 percent and its current fiscal year is off to a slow start.

Linktone Ltd., down 15 cents at $2.83 The Chinese ringtone and games provider posted a loss for its fiscal fourth quarter, burdened by a large impairment charge.

(c) 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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