Wed, Jan. 14, 1:20 PM
- A slew of tech companies have posted steep losses on a day the Nasdaq is down 1%.
- Major decliners include Pandora (P -5%), LED giant Cree (CREE -5.9%), cloud HR software leader Workday (WDAY -4.1%), chipmakers Ambarella (AMBA -5.3%), Pixelworks (PXLW -3.7%), Audience (ADNC -3.6%), Spansion (CODE -4.4%), and Cypress (CY -3.9%) (the last two are merger partners), OLED materials/IP provider Universal Display (OLED -4.2%), industrial automation tech provider Echelon (ELON -4.8%), and P2P lending giant/recent IPO LendingClub (LC -4.8%).
- Possibly affecting OLED: LG Display (NYSE:LPL) has been ordered to halt operations at an OLED TV panel production line following a gas leak that killed two workers.
- Cree and Pandora aren't far removed from their 52-week lows; the former reports on Jan. 20, and the latter on Feb. 5. LendingClub, whose selloff follows a volatile Tuesday, could be affected by a neutral coverage launch from Susquehanna.
Nov. 6, 2014, 4:22 PM
Nov. 5, 2014, 5:35 PM
- ABCO, ACET, AEL, AGO, AIRM, AL, ALIM, AMRN, ANAC, ANET, APEI, ARC, AUQ, BBRG, BCEI, BEBE, BNFT, BPZ, BRKR, BRS, CFN, CLVS, CPST, CSC, CVT, DAR, DIOD, DIS, DVA, DXCM, EAC, EBS, ECOM, ECPG, ED, EGOV, ELON, ENOC, ENV, EVC, EZPW, FF, FI, FICO, FIVN, FNGN, FSLR, FTEK, FWM, FXCM, GST, GXP, HCI, HGR, HNSN, HPTX, HTGC, IGT, INFI, JJSF, KING, KOG, KTOS, LGF, LNT, LOCO, MATX, MDRX, MDVN, MITK, MM, MNST, MNTX, MRC, MSCC, MTD, NES, NFG, NKTR, NOG, NU, NVDA, NVDQ, OLED, ONTY, PCTY, PFMT, PRO, PSEC, PSIX, QTWO, RBCN, RENT, RIG, ROVI, RPTP, RRMS, RSYS, RXN, SAPE, SF, SFM, SLXP, SPPI, SSTK, SWKS, TCRD, TKMR, TRMR, TRNX, TUMI, UBNT, UEPS, UNXL, VOLC, VRNS, VVC, WAGE, WIFI, XOMA, XOXO, YUME, ZGNX, ZNGA
Aug. 7, 2014, 12:47 PM
Aug. 6, 2014, 5:54 PM
- Echelon (NASDAQ:ELON) expects Q3 revenue of $13.5M-$15M, below a $17.6M consensus.
- The industrial automation technology provider says it has decided to scale back its smart grid product business to "support existing commitments only," unless a buyer is soon found. A $4.1M charge related to be business was taken in Q2.
- Grid division revenue fell 54% Y/Y to $6.1M. Industrial division revenue fell 21% to $9M.
- GAAP R&D spend fell 14% Y/Y to $4.4M, and sales/marketing spend 4% to $3.9M. G&A spend rose 11% to $3.6M.
- Shares -8.5% AH. Q2 results, PR
Aug. 6, 2014, 4:41 PM
Aug. 5, 2014, 5:35 PM
- ACAS, AGU, ALDW, ANAD, ANDE, AR, ATML, ATO, AWK, BIOS, BIRT, BKD, BREW, BWC, CDE, CDXS, CF, CLDX, CNVR, CODI, COUP, CPA, CPE, CRL, CSII, CSOD, CTL, CXO, CXW, DCTH, DEPO, DK, DNB, DXCM, DYN, ECOL, EFC, ELON, ENS, ENV, ERII, ESS, ETE, ETP, EVC, EXAR, FLTX, FNV, FOXA, FTK, GEOS, GMCR, GPOR, GTY, HI, HIL, IL, INN, INWK, IO, ITMN, IXYS, JACK, KEG, KND, KW, LGP, LHCG, LNT, MBI, MCP, MG, MHLD, MNTX, MRIN, MTDR, MUSA, MWE, NBIX, NLY, NPSP, NRP, NVAX, NVTL, OILT, OSUR, PAA, PACD, PKT, PMT, PPO, PRI, PRU, PRXL, PTLA, QEP, RAIL, REG, RGP, RIG, RJET, RLOC, RNDY, RXN, SAAS, SAPE, SD, SGI, SLF, SN, SSNI, SSRI, SWM, SXL, SYMC, TCAP, TEG, TEP, THOR, THRX, TNGO, TRMR, TROX, TWO, TXTR, UHAL, UIL, WGL, WR, WTI, XNPT, YY, ZU
May. 27, 2014, 10:26 AM
- Echelon (ELON) is soaring, and Control4 (CTRL) is posting a more moderate gain, after the FT reported on Monday Apple is prepping a home automation software platform for its iOS hardware, and is in talks with OEMs to certify their hardware for use with it.
- Echelon also flew higher in response to the Google/Nest deal, but soon gave back a large portion of its gains.
May. 26, 2014, 3:55 PM
- The FT reports Apple (AAPL) plans to show off a software platform that would "turn the iPhone into a remote control for lights, security systems and other household appliances" at its June 2-6 WWDC conference.
- Apple's home automation solution will reportedly work with Apple TV (in addition to the iPhone/iPad), and do things such as allow a home’s lights to "automatically come on when the owner enters the house, using their iPhone to wirelessly signal their arrival." The company is said to be talking with OEMs to certify their products.
- The report follows Google's $3.2B deal to buy smart thermostat/smoke detector maker Nest Labs, which was founded by iPod "godfather" Tony Fadell and features many other ex-Apple engineers/designers. Last year, Microsoft bought home automation startup R2 Studios, reportedly beating out Apple and Google along the way.
- As it is, Apple has launched, or is reported to be launching, a slew of platforms meant to allow iDevices to connect/interact with 3rd-party hardware. Others include CarPlay, iBeacon, and a (rumored) mobile payments service. The company is also expected to launch (via iOS 8) a Healthbook app that will interact with various health sensors, and possibly an iWatch.
- Automation hardware/software vendors Control4 (CTRL) and Echelon (ELON) could move on the report. Each shot higher after Google/Nest was announced.
May. 8, 2014, 4:20 PM
May. 7, 2014, 5:35 PM
- ABCO, ACET, ADEP, AHT, AIRM, AL, ALIM, ALNY, AMRS, APEI, AREX, ATHX, AUQ, BCEI, BEBE, BIOS, BPZ, BRKS, CBS, CLNE, CLVS, CPE, CSC, CUTR, DAR, DEPO, DIOD, DMD, DVR, EAC, EBS, ECPG, ED, ELON, ENOC, ENV, EVC, FF, FRT, FUEL, FXEN, GCAP, GRUB, GXP, JAZZ, JCOM, JMBA, KRO, MDRX, MDVN, MELI, MNST, MNTX, MTD, NES, NFG, NOG, NUAN, NVDA, OLED, ORA, PAAS, PFMT, PPO, PXLW, QTWO, RPTP, SF, SGMS, SLW, SLXP, SPPI, SSRI, SSTK, SYMC, TNGO, TUES, TUMI, UBNT, UEPS, UNXL, WAGE, WIFI, XNPT, ZGNX.
Feb. 10, 2014, 12:45 PM
Feb. 7, 2014, 6:22 PM
- Echelon's (ELON -16.5%) light Q1 revenue guidance (revenue of $16M-$18M vs, a $19M consensus) easily overshadowed a Q4 beat and in-line Q1 EPS guidance (-$0.08 to -$0.13 vs. a -$0.10 consensus). With shares having soared in the weeks following the Google/Nest deal, investors were in a profit-taking mood.
- Needham, one of three sell-side firms covering Echelon, has downgraded the industrial automation system vendor to Hold. Though still optimistic about Echelon's long-term ability to profit from the "Industrial Internet of Things," it doesn't expect the trend to drive "more tangible revenues that can truly drive profitable growth" before 2015 at the earliest.
- CC transcript
Feb. 7, 2014, 12:46 PM
Feb. 7, 2014, 9:10 AM
Feb. 6, 2014, 5:44 PM
ELON vs. ETF Alternatives
Other News & PR