Active Stocks: Discovery, Itron, Cabela’s, Equinix, NetApp Feb. 16th
Discovery Communications Inc. (NASDAQ:DISCA): Rose 10.5% to $1.12 billion from the year earlier quarter. Net income for Discovery Communications Inc rose to $336 million (86 cents per share) vs. $194 million (45 cents per share) in the same quarter a year earlier. This marks a rise of 75.9% from the year earlier quarter. Shares of Discovery Communications Inc. are trading 1.62% lower today.
Itron, Inc. (NASDAQ:ITRI): Itron announced that the City of Madison, WI Water Utility will implement Itron’s advanced metering infrastructure for Project H2O, the City’s program to automate the collection and analysis of water meter reads. The solution will allow Madison to effectively manage conservation initiatives, improve metering accuracy and operate more efficiently. Installation using services from Wisconsin-based Corix Utilities and Madison Laborers Union Local 464 is expected to be complete by early 2013. Shares of Itron, Inc. are trading 19.92% higher today.
Cabela’s Incorporated (NYSE:CAB): Cabela’s Incorporated announced plans to open three next-generation stores and relocate its Winnipeg, Canada, store in 2013. Construction is scheduled to begin on next-generation stores in Columbus, Ohio; Grandville, Mich.; and Louisville, Ky., in the summer of 2012 and Cabela’s expects to open each location in spring 2013. Shares of Cabela’s Incorporated are trading 5.42% higher today.
Equinix Inc (NASDAQ:EQIX): After Equinix reported better than expected Q4 results, Stifel Nicolaus believes the company’s outlook is favorable and the firm thinks the company is beginning to be able to return excess cash to shareholders. The firm maintains a Buy rating on the stock. Shares of Equinix Inc are trading 4.07% higher today.
NetApp Inc. (NASDAQ:NTAP): Deutsche Bank raised its estimates and price target for NetApp citing improved earnings visibility post the company’s Q3 results. The firm continues to view shares as attractive and keeps a Buy rating on the stock. Shares of NetApp Inc. are trading 5.77% higher today.
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