WebProNews

Tag: Stock prices

  • Demand Media Shares up 20%

    Demand Media, Inc., the content and social media company that operates brands including eHow and Cracked, has just seen its stock rise roughly 20% to $8.68 per share, the highest price since August. Last summer the company saw another surge in prices while discussing a $1.2 billion deal to go private with Thomas H. Lee and Partners, which never actually happened, though the company was still able to post a record 4th quarter in 2011. Stocks have now risen again upon reports from AllThingsD that the deal with Thomas H. Lee and Partners has dissolved.

    Demand Media stocks peaked at $9.51, the highest since August 15th, and gained 9% in general so far on the year. The company went public in January 2011, selling 8.9 million shares at $17 a pop, and as of April 27th, has a market value of $608 million, and will deliver its Q1 earnings report on May 8th.

    Demand Media has been expanding, and recently launched a new tech channel for its eHow brand, a top-20 internet domain in the U.S., and the entire Demand network brings in about 100 million unique users per month. And a focus on also monetizing Cracked and Livestrong.com has obviously worked. Demand Media has had some ups and downs in the last year after going public, one of which was the launch of Google’s Panda search update and it’s effect on eHow. Though, the changes haven’t seemed to have affected the Demand’s holdings on a major level.

  • Microsoft Declares Quarterly Dividends

    Microsoft Declares Quarterly Dividends

    Microsoft has declared its most recent quarter dividend on March 13th:

    “The board of directors declared a quarterly dividend of $0.20 per share. The dividend is payable June 14, 2012 to shareholders of record on May 17, 2012. The ex-dividend date will be May 15, 2012.”

    Janet I. Tu of Microsoft Prio reminds us of what’s going on with Microsoft:

    * Microsoft’s board declared a quarterly dividend of 20 cents per share — the same amount as its last two quarterly dividends.
    The dividend is payable June 14, 2012 to shareholders of record on May 17, 2012. The ex-dividend date will be May 15, 2012.

    * Microsoft hired Phil Harrison, former president of Sony’s worldwide game studios, as a corporate vice president in charge of growing the company’s Interactive Entertainment Business (read: Xbox) division in Europe. He will also oversee Microsoft’s three game studios in the U.K.

    * Microsoft issued a credit related to its Leap Year Windows Azure outage. The 33% credit will be issued proactively to customers of Windows Azure Compute, Access Control, Service Bus and Caching for the entire affected billing month(s) for these services, regardless of whether their service was impacted, according to an official blog post that explains more about the outage.

  • Could Apple Stock Hit $1000 Per Share?

    Last quarter Apple reported earning over $13 billion. This puts their revenue at well over $46 billion and far beyond the what analysts expected (Reuters predicted $39 billion). Apple CEO, Tim Cook issued a press release exclaiming:

    “We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,”

    “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”

    Sales for Apple included over 15 million iPads, over 5 million Macs, and over 15 million iPods. All these products increased sales by at least 21% and iPad jumped an astounding 111%! These numbers are ridiculous, sales are climbing at an incredible rate.

    In fact, Apple sales climbed almost 35% since the beginning of last quarter and climber over 56% since last year! With current market prices at $500 per share and market cap at almost $400 billion, speculators are wondering how high the stock can climb.

    In an interview with CNBC, Apple co-founder Steve Wozniac commented on what he thinks about the future of Apple:

    “You know, people talk about $1,000 stock price … you know, at first you want to doubt it but I actually believe that and I don’t really follow stock markets,”

    “Apple is on such a winning course because it’s encapsulated all of its different big products that I mentioned, they all work together so well that you are in a course that if you buy a product from another company it doesn’t really do as much as one from Apple does. So Apple has a large room for growth,”

    He also talked a little about products like Apple TV and how they could impact the overall health of Apple:

    “Apple has that much growth left because we’re talking something like Apple TV that works with all these other great, great companies and products all in the same sphere,”

    “It’s not like a side project ‘we’re going to start a TV company’. No, we’re going to start TV within the whole Apple world. Assuming that we are going to, I don’t know,”