RENN: Renren Inc. Twitter on Stock

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Monday, May 20, 10:15 AM Chinese Internet stocks jump in response to Qihoo's Q1 beat and very strong Q2 guidance, highlighted by ramping search ad sales and soaring online game revenue. YY +6.5%. RENN +6.8%. NTES +5.5%. BIDU +2.4%. PWRD +3.2%. SOHU +3%. SINA +2.3%. Comment! [Tech, On the Move]
Wednesday, May 15, 10:30 AM A downgrade to Perform from Oppenheimer's Andy Yeung sends Renren (RENN -3.3%) lower. Shares barely moved yesterday after the company beat Q1 estimates, but guided for Q2 revenue of $55M-$57M, below a $61.6M consensus. Yeung argues China's social networking landscape has "changed with a more mobile-centric internet environment and the rise of Sina Weibo and Tencent's WeChat," (investors seem to have long figured that out), and is worried about growing investments in mobile, online video, and daily deals. On its earnings call, Renren admitted "advertising remains challenging due to increasing competition, and it continually shifts over user time to mobile." Comment! [Tech, On the Move]
Tuesday, May 14, 9:10 AM Premarket gainers: PDII +33%. ECTY +20%. NSPH +18%. SNE +9%. WPX +8%. TTWO +6%. TSLA +6%. RENN +5%.
Losers: TRMD -15%. MOSY -13%. PT -11%. VELT -10%. SCTY -10%. TSL -6%. NBG -6%. 2 Comments [On the Move]
Friday, May 10, 2:01 PM Responding to Chinese media reports, Renren (RENN +0.7%) confirms it has laid off employees in its Wireless unit, which was formed earlier this year to consolidate the company's mobile app/services efforts. However, Renren denies reports it has cut jobs at its Nuomi daily deals unit, and says the business is expanding; no comment was apparently given regarding reports of cuts at the company's Games unit. Nuomi was responsible for $5.6M of Renren's $16.7M Q4 net loss, and had just $5.4M in revenue. Renren recently signaled it would ramp its Android game development, as it tries to offset social networking share losses. Comment! [Tech]
Monday, May 6, 2:30 PM Chinese Internet stocks are surging after equities rallied in Shanghai and Hong Kong in spite of a major drop in China's services PMI. In addition to Qihoo (previous), winners include Renren (RENN +12.2%), YY (YY +13.3%), Baidu (BIDU +3.8%), Sina (SINA +2.8%), Sohu (SOHU +3.4%), Changyou (CYOU +4.3%), and Perfect World (PWRD +5%). YY is now up 20% since posting a strong Q1 report on Thursday afternoon; revenue rose 130.5% Y/Y to RMB315M ($50.7M), and EPS of $0.23 beat consensus by $0.06. Revenue is expected to hit RMB330M-340M in Q2. Comment! [Tech, On the Move]
Monday, May 6, 12:47 PM Midday top 10 gainers: MBI +41%. FSGI +32%. ABFS +31%. MNGA +25%. YRCW +22%. BORN +16%. PRMW +15%. CHLN +14%. RENN +14%. YY +14%.
Midday top 10 losers: PAL -18%. HGSH -11%. GEOS -9%. LNCO -9%. LINE -9%. CHCI -9%. VISN -8%. OSH -8%. TG -7%. LTBR -7%. 1 Comment [On the Move]
Thursday, March 28, 6:56 PM Renren (RENN) is about to ramp its game licensing and Android game development efforts, says exec He Chuan. With Renren's social network increasingly overshadowed by Tencent and Sina, gaming has turned into a priority for the company - its Renren Games unit already employs ~700 people, and has contributed to an R&D spending surge. Online games accounted for 53% of Renren's Q4 sales, and rose 117% Y/Y. Online ad sales, on the other hand, fell 17%. Comment! [Tech]
Monday, March 11, 2:45 AM Renren (RENN): Q4 net loss $21.1M vs profit of $44.3M a year earlier and consensus of $28.2M. Sales +49% to $48.8M. Increases R&D spending 84% to create new apps and for mobile development. Slowing Chinese growth hurt ad demand. Forecasts Q1 net revenue of $44-46M, +43% Y/Y and vs consensus of $47M. (PR) 1 Comment [Earnings]
Monday, March 11, 12:05 AM Notable earnings before Monday’s open: CSIQ, DKS, RENN Comment! [Earnings]
Sunday, March 10, 5:30 PM Notable earnings before Monday’s open: CSIQ, DKS, RENN Comment! [Earnings]
Tuesday, February 26, 12:10 AM Notable earnings after Tuesday’s close: AVGO, AWK, DGI, DWA, EIX, FSLR, GA, GPOR, GWRE, HRZN, JAZZ, MAKO, MIDD, NUVA, ORA, PCLN, QCOR, RENN, REXX, RRC, SPN, STEC, TIVO, VNO, VRSK, ZAGG Comment! [Earnings]
Monday, February 25, 5:35 PM Notable earnings after Tuesday’s close: AVGO, AWK, DGI, DWA, EIX, FSLR, GA, GPOR, GWRE, HRZN, JAZZ, MAKO, MIDD, NUVA, ORA, PCLN, QCOR, RENN, REXX, RRC, SPN, STEC, TIVO, VNO, VRSK, ZAGG Comment! [Earnings]
Tuesday, February 12, 12:10 AM Notable earnings after Tuesday’s close: ACC, AXLL, BWLD, CLF, CLWR, DDR, FRT, FTI, HTS, LPSN, NRP, NTGR, RAX, RENN, RKUS, SCI, SGEN, SKT, SVM, THRX, TRLA, WU, XNPT 1 Comment [Earnings]
Monday, February 11, 5:35 PM Notable earnings after Tuesday’s close: ACC, AXLL, BWLD, CLF, CLWR, DDR, FRT, FTI, HTS, LPSN, NRP, NTGR, RAX, RENN, RKUS, SCI, SGEN, SKT, SVM, THRX, TRLA, WU, XNPT 1 Comment [Earnings]
Friday, January 18, 10:01 AM China's strong Q4 GDP numbers fuel a rally in some Chinese Internet stocks. BIDU +1.9%. SINA +3.2%. RENN +1.8%. YY +2.4%. Comment! [Tech, On the Move]
Friday, December 28, 2012, 10:24 AM The Chinese government has signed off on new Internet censorship rules: posts and pages containing "illegal" info can now be deleted, and service providers have to "instantly stop the transmission" of such content, as well as take "relevant measures." But there isn't a requirement to have all Internet users register their names to gain Web access, as had been proposed. Investors seem relieved: SINA +3.7%. SOHU +2%. RENN +1.5%. BIDU +1%. YOKU +1.1%. Update: Bloomberg claims rules requiring users to identify themselves when signing up for new Internet and phone service have also been passed. 1 Comment [Tech]

RENN Renren Inc.

RENN

Renren Inc.