Renren Inc.(RENN)- NYSE
  • Thu, Sep. 8, 3:00 PM
    | Thu, Sep. 8, 3:00 PM | 2 Comments
  • Tue, Aug. 23, 3:00 PM
    | Tue, Aug. 23, 3:00 PM
  • Tue, Aug. 16, 8:00 AM
    • Renren (NYSE:RENN): Q2 EPS of -$0.05
    • Revenue of $14.38M (+38.5% Y/Y)
    • Shares -2.04% PM.
    • Press Release
    | Tue, Aug. 16, 8:00 AM | 3 Comments
  • Mon, Jul. 11, 3:00 PM
    | Mon, Jul. 11, 3:00 PM
  • Wed, Jun. 8, 6:04 AM
    | Wed, Jun. 8, 6:04 AM
  • Tue, May 31, 3:00 PM
    | Tue, May 31, 3:00 PM
  • Mon, May 16, 12:51 PM
    | Mon, May 16, 12:51 PM
  • Mon, May 16, 6:10 AM
    | Mon, May 16, 6:10 AM
  • Wed, Jan. 20, 1:18 PM
    • Like clockwork, high-beta tech stocks continue selling off at a feverish pace as markets nosedive. Today's selloff comes with the Nasdaq down 2.7%, and the S&P 3%. Margin calls are likely a contributing factor.
    • Solar stocks, which sold off yesterday even as major indices moved little, are underperforming again as energy stocks get routed once more and oil drops below $27/barrel. Hard-luck SunEdison (SUNE -13.6%) is now close to $2. Also tumbling: Canadian Solar (CSIQ -8.8%), ReneSola (SOL -8.2%), and Yingli (YGE -6.9%).
    • Security tech plays FireEye (FEYE -9.3%), Palo Alto Networks (PANW -6.1%), Rapid7 (RPD -11.6%), and Vasco (VDSI -10.5%) aren't faring better - peers Fortinet and Barrcauda were downgraded this morning. Nor are Splunk (SPLK -7.7%) and Tableau (DATA -7.2%), two firms often hyped as big data/analytics plays, or Russian tech firms Yandex (YNDX -6.6%) and Qiwi (QIWI -6.9%), which often sell off when oil prices and the ruble are under pressure.
    • Elsewhere in tech, big decliners include Zillow (Z -7.1%), Square (SQ -6.7%), Fitbit (FIT -6.6%), Groupon (GRPN -6.9%), TrueCar (TRUE -7.7%), Pure Storage (PSTG -7.8%), Jive Software (JIVE -7.4%), Shopify (SHOP -7.2%), Ruckus Wireless (RKUS -8%), Renren (RENN -6.8%), Infinera (INFN -6.1%), TripAdvisor (TRIP -6.5%), Ellie Mae (ELLI -6.7%), and Knowles (KN -6.2%).
    • Also off sharply: Several large-cap tech stocks, TowerJazz, Synaptics, Adtran
    | Wed, Jan. 20, 1:18 PM | 20 Comments
  • Dec. 31, 2015, 9:31 AM
    • Matthew Nimetz, an advisory director at investment firm General Atlantic, has left Renren's (NYSE:RENN) board. So has Katsumasa Niki, a corporate strategy/development exec at SoftBank.
    • Renren is "in the process of evaluating candidates for a new independent director of the company." Its board bio page currently shows just five directors, including founder/CEO Joseph Chen (chairman) and COO Jian Liu.
    | Dec. 31, 2015, 9:31 AM
  • Nov. 27, 2015, 5:41 AM
    • Renren (NYSE:RENN): Q3 EPS of -$0.08
    • Revenue of $12.42M (-36.4% Y/Y)
    | Nov. 27, 2015, 5:41 AM
  • Sep. 30, 2015, 9:19 AM
    • Thomas Jintao Ren, Renren's (NYSE:RENN) senior finance director from 2005-2013, has returned to the company as CFO. His appointment comes two months after acting CFO Ashley Law Kwok resigned.
    • Renren also states it will hold its annual meeting on Nov. 13 in Hong Kong.
    | Sep. 30, 2015, 9:19 AM
  • Sep. 17, 2015, 7:05 PM
    • Renren (NYSE:RENN) has led a $15.5M funding round for Aspiration, a startup that delivers a curated set of mutual funds and other financial products, with the goal of taking traditional advisors and other middlemen out of the picture. GSV Capital (NASDAQ:GSVC) and a slew of other investors have also taken part in the round.
    • Aspiration claims to have seen a doubling of customers every 6 weeks (on average) over the last 6 months; millennials make up a large chunk of the base. Notably, customers only pay what they choose to. However, over 90% of investors in the Aspiration Flagship Fund (MUTF:ASPFX) are said to have paid the company.
    • Renren has stakes in a slew of fintech/online lending firms, including top LendingClub rival SoFi. The company, which currently has a $974M market cap, has estimated its long-term investments were worth $611.5M as of June 30; $257M in cash/short-term investments were also on the balance sheet.
    • Renren rose 8.4% in regular trading to $3.09. GSV fell 0.8% to $8.48, 46% below a Q2-ending NAV of $15.72/share.
    | Sep. 17, 2015, 7:05 PM | 1 Comment
  • Aug. 20, 2015, 7:08 AM
    • Renren (NYSE:RENN): Q2 Adj. Net Loss of $71.9M.
    • Revenue of $15.1M (-34.1% Y/Y)
    | Aug. 20, 2015, 7:08 AM | 1 Comment
  • Jul. 31, 2015, 7:36 AM
    • In a regulatory filing, Renren (NYSE:RENN) discloses that acting CFO Ashley Law Kwok Wai is resigning today to pursue another career opportunity. COO James Jian Liu will assume his duties until a permanent successor is hired.
    | Jul. 31, 2015, 7:36 AM
  • Jul. 9, 2015, 11:25 AM
    • With local regulators continuing to scramble to halt plunging equity prices - among other things, investors with 5%+ stakes have been barred from selling shares for 6 months - Chinese markets reversed course last night. Shanghai rose 5.8%, Shenzhen rose 3.8%, and Hong Kong rose 4.5%. The Nasdaq is currently up 1.2%.
    • Not surprisingly, U.S.-traded Chinese tech firms are flying higher. Big gainers include Sina (SINA +13.6%), Sohu (SOHU +11.1%), JD.com (JD +8.1%), Vipshop (VIPS +8.3%), Qunar (QUNR +9%), ChinaCache (CCIH +14.1%), Renren (RENN +9.5%), Wowo (WOWO +11.9%), Leju (LEJU +9.1%), China Mobile Games (CMGE +8.3%), Xunlei (XNET +9.7%), Sky-mobi (MOBI +9%), and eLong (LONG +18.1%).
    • Also up strongly (previously covered): Qihoo, 21Vianet, E-House, Youku, Baozun, NQ Mobile, Weibo, Cheetah Mobile, Jumei, and Momo. In addition, YY and Dangdang are rallying after becoming the latest Chinese companies to receive going-private offers.
    • The Guggenheim China Tech ETF (NYSEARCA:CQQQ) is now up 19% from a Wednesday low of $30.09; it's still down 22% from a May peak of $45.74.
    • ETFs: KWEB, QQQC, EMQQ
    • Two days ago: Chinese tech stocks crater; many names down over 10%
    | Jul. 9, 2015, 11:25 AM | 13 Comments