Mon, Mar. 23, 3:15 PM
- Today's notable tech gainers include OLED materials/IP provider Universal Display (OLED +5.7%), salvage auction site Liquidity Services (LQDT +6.2%), auto site TrueCar (TRUE +8.5%), touchscreen tech developer Neonode (NEON +10.4%), hard drive assembly supplier Hutchison (HTCH +7.1%), Web site owner/ISP United Online (UNTD +5.5%), software outsourcing firm Luxoft (LXFT +5.6%), optical component vendor NeoPhotonics (NPTN +8.3%), and U.S. solar installer Solar3D (SLTD +15.2%).
- Many Chinese names are also rallying today. Standouts include online real estate plays SouFun (SFUN +6.9%), E-House (EJ +4%), and Leju (LEJU +8.1%), online beauty product retailer Jumei (JMEI +5.9%), online classifieds platform 58.com (WUBA +5%), and app developers/publishers Sungy Mobile (GOMO +4.7%), Cheetah Mobile (CMCM +7.6%), and China Mobile Games (CMGE +5.9%).
- The list of major decliners is smaller: It includes cloud healthcare software firm Castlight (CSLT -4.8%), microcontroller maker Atmel (ATML -3.1%), supply chain software vendor Manhattan Associates (MANH -4.3%), Chinese solar cell/module maker ReneSola (SOL -5.9%), and RF filter tech developer Resonant (RESN -8.6%).
- Universal Display is rallying to new 52-week highs yet again amid Galaxy S6 enthusiasm. Solar3D is now up 42% over the last 3 trading days. Heavily-shorted Cheetah Mobile is reversing Friday's post-earnings losses. Castlight is adding to the losses seen on Friday following a neutral Wells Fargo launch.
- Previously covered: Digital Ally, Sonus, xG Technology, IPG Photonics, CyberArk, Immersion, Nvidia, EZchip
Mon, Feb. 9, 2:55 PM
- Today's notable tech gainers include 3D printer maker ExOne (XONE +6%), data center switch vendor Arista (ANET +4.2%), solar microinverter maker Enphase (ENPH +6.1%), ID theft-protection services firm LifeLock (LOCK +6.8%), voice processor developer Audience (ADNC +10.3%), contract manufacturer Multi-Finline (MFLX +10.2%), and cloud file-sharing platform/recent IPO Box (BOX +9.1%).
- Notable decliners include flash storage array vendor Violin Memory (VMEM -5.6%), ultracapacitor maker Maxwell (MXWL -6.3%), SMB Web services provider Wix.com (WIX -4.8%), salvage auction site Liquidity Services (LQDT -5.4%), and carrier billing software/cloud services provider Synchronoss (SNCR -5.6%). The Nasdaq is down 0.3%.
- LifeLock reports earnings tomorrow afternoon. Audience is four days removed from beating Q3 estimates and offering in-line guidance. Arista is reversing its Friday's losses, and Box is adding to the Friday gains that came after a positive Jim Cramer mention.
- Synchronoss is adding to the losses seen last week after the company offered cautious 2015 cloud revenue guidance to go with a Q4 beat, and Maxwell to the losses seen due to the soft Q1/2015 guidance provided with a Q4 beat. Liquidity is giving back some of last week's huge post-earnings gains. Wix reports on Wednesday morning.
- Earlier: GoPro, Yelp see more post-earnings pain
- Earlier: Chinese solar stocks rally
Thu, Feb. 5, 1:50 PM
- With Liquidity Services (LQDT +24.4%) having gone into earnings down over 85% from its 2012 highs, and over 70% from a 52-week high of $27.33, its FQ1 beat is easily overshadowing FQ2 EPS guidance of $0.05-$0.10 (below a $0.15 consensus).
- The FQ1 beat was driven by a GMV of $245.3M, +4.6% Y/Y (a big reversal from FQ4's 11% decline) and above guidance of $200M-$225M. GMV is expected to fall in seasonally weak FQ2 to $175M-$200M.
- CEO Bill Angrick: "Given the transition of our legacy businesses with the DoD and Walmart, we are pleased with our Q1 results which were well above our guidance on both the top and bottom line led by a strong quarter in our commercial capital assets group which performed above expectations." 40 new commercial sales clients and client programs were signed during the quarter.
- Liquidity cautions it's "difficult for us to forecast the sales and margins of our business in FY-15 while we are awaiting the final specifications and timing of the work we will be performing under the new DoD surplus contract."
- Cost controls aided the EPS beat: G&A spend fell 23% Y/Y to $9.5M, and sales/marketing and R&D spend rose moderately. Liquidity, which currently sports a $311M market cap, ended FQ1 with $74M in cash, and no debt.
- FQ1 results, PR
Thu, Feb. 5, 12:45 PM
Thu, Feb. 5, 6:59 AM| Comment!
Wed, Feb. 4, 5:30 PM
- ABB, ADS, AINV, AMSC, APO, ARW, AZN, BCE, BCO, BDC, BDX, BLL, BR, CFX, CHTR, CI, CMI, COTY, CSL, DFT, DLPH, DNKN, EL, EQM, EQT, ETR, FBP, FIS, GLT, GPI, GPK, GRA, GRUB, ICE, IT, IVC, KORS, LAZ, LIOX, LQDT, MDSO, MMP, MMS, MSCI, NGD, NUS, ODFL, OZM, PBH, PM, PPL, PRGO, PRLB, PTEN, RFP, RSTI, SBH, SIRI, SNA, SNCR, SPH, SQNS, TDC, TE, TEVA, TW, USG, UTEK, VLP, VMC, VSH, XYL
Tue, Feb. 3, 1:25 PM
- Though the Nasdaq is only up 0.4%, a long list of tech firms are posting outsized gains today.
- It's a good day for online real estate: Merger partners Zillow (Z +5%) and Trulia (TRLA +4.9%) are up sharply, as are Chinese online real estate plays SouFun (SFUN +5.2%), E-House (EJ +6.5%), and Leju (LEJU +3.8%).
- Other major tech gainers include security software firm Imperva (IMPV +4.7%), gaming headset maker Turtle Beach (HEAR +6.6%), salvage auction site Liquidity Holdings (LQDT +7.4%), RF filter tech developer Resonant (RESN +10.7%), telecom equipment/SDN software vendor Cyan (CYNI +10.1%), Chinese CDN owner ChinaCache (CCIH +10.8%), application delivery controller vendor A10 Networks (ATEN +6.1%), Chinese sports lottery site 500.com (WBAI +7.6%), and unified communications hardware/software firm ShoreTel (SHOR +6.7%).
- Earlier: Solar stocks soar as oil tops $51, CSIQ strikes deal
- Earlier: 3D printing stocks routed after Stratasys warns
Dec. 8, 2014, 12:45 PM
Dec. 8, 2014, 10:11 AM
- Declaring Liquidity Services (NASDAQ:LQDT) has failed to comply with deal provisions related to service level requirements and restrictions on the disposing of merchandise, Wal-Mart has terminated an agreement through which Liquidity bought closeouts, customer returns, and excess merchandise for resale. (8-K)
- Liquidity disputes Wal-Mart's allegations, and is "evaluating all of its options" for contesting the deal's termination.
- The company insists Wal-Mart's move won't prevent it from hitting its FQ1 guidance. However, Janney notes Wal-Mart accounted for 11% of FY14 (ended Sep. '14) GMV, and thus expects estimate cuts.
- Separately, Liquidity announces the DoD has granted it a two-month extension for its surplus property sale contract.
Nov. 20, 2014, 12:46 PM
Nov. 20, 2014, 11:27 AM
- Liquidity Services (NASDAQ:LQDT) expects FQ1 EPS of $0.16-$0.22, below a $0.25 consensus. GMV for the seasonally strong quarter is expected to be in a range of $200M-$225M, after totaling $223.9M (-11% Y/Y) in Q3.
- CEO Bill Angrick states FQ4 EPS was affected by "less attractive property mix within our DoD and selected retail programs,." Moreover, his company expects FY15 results to be hurt by "continued uncertainty regarding the mix and volume of property, final scope and timing of our new DoD non-rolling stock surplus contract, and our continued heavy investment in IT, product development, and marketing initiatives to support our commercial business."
- Registered buyers totaled 2.62M at the end of FQ4, +8% Y/Y. GAAP costs/expenses rose 5% Y/Y to $117.9M.
- FQ4 results, PR
Nov. 20, 2014, 6:58 AM| Comment!
Nov. 19, 2014, 5:30 PM
Oct. 1, 2014, 5:31 PM
- Liquidity Services (NASDAQ:LQDT) is cutting 130 full-time and temporary jobs on account of "the new terms and scope" of its DoD surplus auction contract. The company has ~1,300 full-time employees. (PR)
- Liquidity lost the DoD's rolling stock surplus contract this spring. It held onto the non-rolling stock contract, but at terms that disappointed investors.
- The company is also launching a "transformation plan" said to focus on "the priorities and areas which we believe will deliver profitable, sustainable growth."
- As part of the overhaul, Capital Assets Group chief Tom Burton has been moved over to the new position of EVP, Federal Sector, and Roger Gravley is replacing Bob Debardelaben as head of the GovDeals unit. Liquidity exec Gardner Dudley is the new Capital Assets Group chief.
Aug. 7, 2014, 7:07 AM| Comment!
Aug. 6, 2014, 5:30 PM
- AAON, AES, AFSI, AINV, AMCX, ATHM, AUXL, BCE, BDBD, BPI, BR, CBB, CCOI, CECE, CECO, CNQ, CQB, CRIS, CTB, DUK, EAT, FUR, FWLT, GBDC, GDP, GLP, GOLD, GTN, HAR, HII, HIMX, HRC, HSC, HSNI, HZNP, ICE, IDCC, IRC, KERX, LAMR, LEAF, LG, LINE, LMIA, LNCE, LPI, LQDT, LXP, LXRX, MFC, MMS, MNK, MONT, MPEL, MPW, MYL, NCT, NRF, NRG, NVO, NXST, NXTM, OGE, ONE, OWW, PBH, PHMD, POZN, PRIM, QIWI, RDN, RGLD, RSTI, RTK, SABR, SATS, SFUN, SGM, SNI, SPH, SRE, SRPT, SSYS, SUNE, TDC, TGH, THS, TICC, TK, TPH, VNDA, WEN, WIN, WMC, WWAV, ZEUS
LQDT vs. ETF Alternatives
Liquidity Service Inc is an online auction marketplace for surplus and salvage assets. It enables buyers and sellers to transact in an efficient, automated online auction environment offering over approximately 500 product categories.
Other News & PR