-1 GOOG
Google beats on top and bottom line (GOOG) 415.00 +4.50: Reports Q1 (Mar) earnings of $2.29 per share, excluding non-recurring items and stock based comp expense, $0.31 better than the Reuters Estimates consensus of $1.98;
UP GRADES
JMP Securities raises Google (GOOG 415.00) tgt to $500 from $475 and reiterates Outperform rating.
Lehman Brothers raises Google (GOOG 415.00) tgt to $530 from $450
Jefferies raises their tgt on Google (GOOG 415.00) to $500 from $477
Google upgraded to Buy from Neutral at Merril
Google tgt raised to $500 from $435 at Stifel
2- SWIR
Sierra Wireless beats by $0.12 guides above consensus (SWIR) 13.95 +0.37: Reports Q1 (Mar) earnings of $0.13 per share, excluding stock based compensation expense, $0.12 better than the Reuters Estimates consensus of $0.01; revenues rose 124.0% year/year to $45.2 mln vs the $40.3 mln consensus. Co issues upside guidance for Q2, sees EPS of $0.10 vs. $0.04 consensus; sees Q2 revs of $52 mln vs. $43.80 mln consensus.
UPGRADE
Sierra Wireless upgraded to Outperform from Sector Perform at RBC following strong results, 3G momentum;tgt goes to $20 from $13 (SWIR) 13.95
3-
MROI
MRO Software reports $0.10 above consensus; raises Y06 guidance (MROI) 16.21 : Reports Q2 (Mar) earnings of $0.26 per share, $0.10 better than the Reuters Estimates consensus of $0.16; revenues rose 32.5% year/year to $57.2 mln vs the $52.4 mln consensus. Co issues upside guidance for FY06, sees EPS of $0.85-0.90, up from $0.60-0.65, vs. $0.72 consensus.
Google beats on top and bottom line (GOOG) 415.00 +4.50: Reports Q1 (Mar) earnings of $2.29 per share, excluding non-recurring items and stock based comp expense, $0.31 better than the Reuters Estimates consensus of $1.98;
UP GRADES
JMP Securities raises Google (GOOG 415.00) tgt to $500 from $475 and reiterates Outperform rating.
Lehman Brothers raises Google (GOOG 415.00) tgt to $530 from $450
Jefferies raises their tgt on Google (GOOG 415.00) to $500 from $477
Google upgraded to Buy from Neutral at Merril
Google tgt raised to $500 from $435 at Stifel
2- SWIR
Sierra Wireless beats by $0.12 guides above consensus (SWIR) 13.95 +0.37: Reports Q1 (Mar) earnings of $0.13 per share, excluding stock based compensation expense, $0.12 better than the Reuters Estimates consensus of $0.01; revenues rose 124.0% year/year to $45.2 mln vs the $40.3 mln consensus. Co issues upside guidance for Q2, sees EPS of $0.10 vs. $0.04 consensus; sees Q2 revs of $52 mln vs. $43.80 mln consensus.
UPGRADE
Sierra Wireless upgraded to Outperform from Sector Perform at RBC following strong results, 3G momentum;tgt goes to $20 from $13 (SWIR) 13.95
3-
MROI
MRO Software reports $0.10 above consensus; raises Y06 guidance (MROI) 16.21 : Reports Q2 (Mar) earnings of $0.26 per share, $0.10 better than the Reuters Estimates consensus of $0.16; revenues rose 32.5% year/year to $57.2 mln vs the $52.4 mln consensus. Co issues upside guidance for FY06, sees EPS of $0.85-0.90, up from $0.60-0.65, vs. $0.72 consensus.