Active Stock Alerts: Gulfport Energy, Akamai Technologies, Melco Crown, Fusion-IO, NRG Energy May 10th
Gulfport Energy Corp. (NASDAQ:GPOR): Pritchard lowered its price target for Gulfport Energy shares to $36 from $40 but believes the stock is oversold at current levels. The firm reiterates a Buy rating on the stock.
Akamai Technologies Inc. (NASDAQ:AKAM): After conducting checks, Wells Fargo is confident that Akamai’s margins can return to normalized levels in a few quarters. The firm doesn’t think that the company is lowering CDN prices, and it maintains an Outperform rating on the stock.
Melco Crown Entertainment Ltd. (NASDAQ:MPEL): Wells Fargo believes that Melco reported strong Q1 results and the firm thinks that the company has a number of positive catalysts, including its City of Dreams expansion. The firm raised its estimates and maintains an Outperform rating.
Fusion-IO, Inc. (NYSE:FIO): Piper Jaffray attributes part of the recent pullback in shares of Fusion-io (NYSE:FIO) to concerns that the company is using gross margin defensively to fend off the component vendors. However, after speaking to management, Piper believes Fusion-io is using gross margin to aggressively displace storage array vendors such as EMC (NYSE:EMC). The firm thinks an OEM deal with Cisco (NASDAQ:CSCO) could be announced in July, providing a catalyst for shares, and reiterates an Overweight rating on Fusion-io with a $38 price target.
NRG Energy, Inc. (NYSE:NRG): Morgan Stanley added NRG Energy to its Best Ideas List given improving fundamentals in Texas and free cash flow. Shares are Overweight rated with a $28.50 price target, down from $30.50.
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